Slide 1: Eurotech
@ EUROTECH | aS ar F STREAMING SEN NTATION
Slide 2: Disclaimer
This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presentation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agents accepts an
Slide 3: Agenda & Today Speakers
Agenda & Today Speakers Introduction // CEO Comment on Q1 2021 // CFO Takeaways // CEO Q&A Time // ALL Paul Chawla Sandro Barazza Eurotech CEO Eurotech CFO Agenda & Today Speakers #3
Slide 4: Paul Chawla, CEO
Paul Chawla, CEO / Seasoned leader with international background WHO in multinational corporations (industrial manufacturing and high tech) WHEN / April 8, 2021 WHAT / Transforming complex strategies into sustainable growth roadmaps WHERE / Italy, UK, Germany, France, Asia and USA WHY / Play to win
Slide 5: What I Have Found in Eurotech
What I Have Found in Eurotech 1. Right Vision 2. Huge Market Potential 3. Great Team 4. Profound Technical Knowledge 5. Leading Technology Building Blocks (Hardware & Software) What I Have Found #5
Slide 6: Eurotech Well Positioned in the IoT Ecosystem
Eurotech Well Positioned in the IoT Ecosystem – – IoT Ecosystem #6
Slide 7: First Perspectives after days
First Perspectives after 30 1. Focus On “What Not To Do” 2. Refine Go To Market Strategies 3. Work On a More Sustainable Nature of Revenue Mix 4. More Internationalisation days 5. Accelerate M&A #7
Slide 8: Q1 2021: Key Highlights
Q1 2021: Key Highlights / Financial Volume decrease negatively affected EBITDA - also influenced by non recurrent costs Summary Good cost control on OPEX Backlog Growing / Stronger backlog from USA ... but watching out on components shortage / Effective Cash Net Working Capital optimized & Capital I
Slide 9: Q1 2021 Revenues
Q1 2021 Revenues #9 All values in € million
Slide 10: Q1 2021 Revenues by Geography
Q1 2021 Revenues by Geography # 10
Slide 11: Seasonality of Quarterly Revenues
Seasonality of Quaterly Revenues # 11 All values in € million
Slide 12: EBITDA Bridge
EBITDA Bridge # 12 All values in € million
Slide 13: Solid and well-balanced BS
Solid and well-balanced BS # 13 All values in € million
Slide 14: Effective Cash Management
Effective Cash Management ( 32,7) ( 30,4) # 14 All values in € million
Slide 15: Takeaways
Takeaways Resilient - Fabless & Lean Operating Structure Operating Leverage And Strong Cash Conversion a Technology Partnerships As Important Go To Market Amplifiers M&A Sustained By a Strong NFP as a Growth Accelerator Mid-long Term IoT Growth Has Real Potential Looking Forward # 15
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Slide 17: Eurotech
@EUROTECH
Slide 18: Q1 2021 Consolidated Balance Sheet
Appendix | Q1 2021 Consolidated Balance Sheet at March | at December 31, 2021 31, 2020 ASSETS Intangible assets 87,045 86,775 Property, Plant and equipment 6,163 6,468 Investments in other companies 538 533 Deferred tax assets 7,508 7,478 Medium/long term borrowing allowed to affiliates companies an
Slide 19: Q1 2021 Consolidated Cash Flow Statement
Appendix Il Q1 2021 Consolidated Cash Flow Statement Cash flow generated (used) in operations A Cash flow generated (used) in investment activities B Cash flow generated (absorbed) by financial asset: C Net foreign exchange difference D Increases (decreases) in cash & cash equivalents E=A+B+C+D Open
Slide 20: Appendix III
. Appendix Ill — _ @EUROTECH ; 10 2021 adj change (Da)) 1Q 2020 a) % (b) % amount 4 1Q 2021 (b) % Sales revenue 19,752 100.0% 12,880} — 100.0% (6,872) -34.8% 12,880} — 100.0% Cost of material (9,886) 50.1% (6,442)| -50.0% (3,444) 34.8% (6,442)| 50.0% Gross profit 9,866 49.9%| 6,438] 50.0% (3,428) -3
Slide 21: Eurotech
@EUROTECH