Slide 1: 9M 2023 Results
9M"2 esults November 15, 2023 FINCANTIERI www. fincantieri.com
Slide 2: Declaration of the executive in charge of accounting documents
Pursuant to art. 154-BIS, par. 2, of the Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate accounting documents at Fincantieri, Felice Bonavolontà, declares that the accounting information contained herein correspond to document results, books and account
Slide 3: Agenda
Slide 4: 9M 2023 Highlights
‘9M 2023 Results FINCANTIERL 9M 2023 Highlights (€ min) Revenues EBITDA Order Intake Net Financial Position 276 4,040 5,315 5,383 ARE agen 2,705 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 FY 2022 9M 2023 e EBITDA at € 276 min, up 60% vs 9M 2022, with EBITDA margin at 5.1% (3.2% in 9M 2022) @ So
Slide 5: Agenda
Slide 6: Business operating performance consistent with targets
9M 2023 Results FINCANTIERL Business operating performance consistent with targets = Floating out of «Sun Princess», the first of two LNG (liquefied natural gas) cruise ships for Princess Cruises = Ordered the second ultra-luxury vessel for Four Seasons Yachts = Four cruise ships delivered: «Viking
Slide 7: Newly awarded landmark projects
9M 2023 Results Newly awarded “landmark” projects Cruise MSC Explora Journeys EVEL Near Future Submarine FINCANTIER! Commissioning Service Operation Vessels = Two new hydrogen-powered ships ordered by MSC to join Explora Journeys fleet worth € 1.1 billion. The agreement completes the total investmen
Slide 8: Solid Order Book with strong visibility up to 2030
9M 2023 Results FINCANTIER! Solid Order Book with strong visibility up to 2030 Total backlog of € 32.6 bn equal to 4.4x 2022 Revenues Soft Backlog at € 10.4 bn further supporting the commercial pipeline (1.4x 2022 revenues) Shipbuilding — Cruise Segment #ship deliveries 2023 | 4 Ws 2024 5 2025 5 202
Slide 9: Business
Business
Slide 10: Order Intake & Total Backlog
9M 2023 Results Order Intake & Total Backlog Order Intake breakdown by segments Total backlog! breakdown by segment (€ min) 0.6x 0.8x 3.285 4.040 (€ min) 10.400 Backlog| brane Backlog! Backlog 24,060| aaa 23,826 (alae) 22,247] (166) (266) 9M 2022 9M 2023 LBook-to-bill2 [Total backlog! / Revenues Shi
Slide 11: Revenues
9M 2023 Results FINCANTIERL Revenues Revenues breakdown by segment! Emin 41.3% 5315 BEES Revenues up 1.3% at € 5,383 min : me prent. 3S" wy Cruise accounting for 49.3% and Naval for 24.3% of total Offshore & revenues, respectively at € 2,890 min and € 1,421 min. The A Specialized Vessels rest of the
Slide 12: EBITDA
9M 2023 Results EBITDA EBITDA breakdown by segment! FINCANTIER! (€ min) 172 -17.2% (31) 9M 2022 Figures subject to rounding 276 27% | gl 9M 2023 In.9M 2022 reallocation of VARD from Offshore and Specialized Vessels to Shipbuilding Breakdown calculated before eliminations EBITDA at € 276 min with an
Slide 13: Net Financial Position & Net Working Capital
9M 2023 Results FINCANTIERL Net Financial Position & Net Working Capital Net Working Capital! breakdown Net Financial Position? (€ min) (€ min) = Net financial position at € 2,705 min, in line with 9M 2022 FY 2022 9M 2023 9M 2022 FY 2022 9M 2023 production schedule 893 = Four cruise ships delivered
Slide 14: Agenda
Slide 15: Cruise and Environmental Sustainability
9M 2023 Results FINCANTIERL Cruise and Environmental Sustainability Market outlook = Global fleet back in operation with occupancy above the 100% mark = Value proposition gap between cruises and land-based holidays further shifting towards cruising = Resumption of orders already recorded for the lux
Slide 16: Road Map to Net-Zero for a large cruise vessel
‘9M 2023 Results Road Map to Net-Zero for a large cruise vessel Milestone CO, Local Emissions VS 2008 Emissions reduction based on «selected First LNG vessel with dual fuel ICEs and ALS! High efficiency MGO vessel LNG vessel -32% -55% High efficiency FINCANTIER! First local zero emissions small vess
Slide 17: Naval and Offshore
9M 2023 Results Naval and Offshore Bene Offshore FINCANTIER! Defence budgets is expected to further increase globally by 10% in 2023 reaching USD 2.4 bn!, with approx. 6.2% allocated to navy procurement Increased interest by the EU member states for the creation of a common EU Defence framework, ove
Slide 18: Strategic technologies for underwater domain
9M 2023 Results FINCANTIERL Strategic technologies for underwater domain ACOUSTIC MANNED ~ UNMANNED ge SIGNATURE TEAMING SE CRITICAL < INFRASTRUCTURE = SURVEILLANCE = = 3 Zz UNDERWATER COMMUNICATION INTEROPERABILITY NATIONAL UNDERWATER HUB
Slide 19: Agenda
Slide 20: Concluding remarks
‘9M 2023 Results FINCANTIERL Concluding remarks 9 M 2023 Solid top line and positive EBITDA margin at 5.1%, up 60% vs 9M 2022 and in line with 2023 targets = Solid commercial pipeline for all businesses, with significant contracts finalized in October = Well on track and fully committed in the execu
Slide 21: Q&A
Slide 22: Investor relations contacts
FINCANTIER! Investor relations contacts INVESTOR RELATIONS TEAM Paola Dimario Fulvio Moriani +39 040 319 2279 Caterina Venier Romano Ludovico Pantani +39 040 319 2229 Marta Vernero +39 040 319 4892 INSTITUTIONAL INVESTORS investor.relations@fincantieri.it INDIVIDUAL SHAREHOLDERS azionisti.individual
Slide 23: Appendix
Slide 24: Focus on Shipbuilding
‘9M 2023 Results FINCANTIERL Focus on Shipbuilding Orders, backlog and deliveries Revenues EBITDA Capex = Orders: € 2,752 min (€ 2,443 min in 9M 2022) 4,600 4,354 = Backlog: € 18,873 min (€ 21,046 1.515 min in 9M 2022) . 1.421 = Deliveries: = Viking Saturn for Viking = Oceania Vista for Oceania Crui
Slide 25: Focus on Offshore
9M 2023 Results FINCANTIER! Focus on Offshore Orders, backlog and deliveries Revenues EBITDA Capex " Orders: € 887 min (€ 541 min in 9M 2022) = Backlog: € 1,255 min (€ 1,064 min in 9M 2022) = Deliveries: = SOV for the Norwegian Coast Guard = SOV for Luntos = 3 SOVs for Ocean Infinity * 2CSOVs for No
Slide 26: Focus on Equipment, Systems & Infrastructure
9M 2023 Results FINCANTIER! Focus on Equipment, Systems & Infrastructure Orders, backlog and deliveries Revenues EBITDA Capex = Orders: € 667 min (€ 466 in 9M 2022) = Backlog: € 2,510 min (€ 2,321 in 9M 2022) 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 = Revenues at € 789 min vs € 583 min in 9M
Slide 27: Business segments and product lines
▪ Offshore Wind ▪ After Sales Services – Service Operation Vessel (SOV) ▪ Ship Repairs and Conversion ▪ Oil & Gas offshore ▪ Complete Accommodation All cruise ships: ▪ Surface Vessels – Offshore Support Vessel (OSV) ▪ Maritime systems & components ▪ Luxury/Niche ▪ Auxiliary & Special Vessels ▪ Spec
Slide 28: Fincantieri
FINCANTIERI