Eurotech S.p.a. · MIL:ETH

Eurotech — 9M 2020 Earnings Presentation

16 slides from Eurotech's earnings presentation, Nov 16, 2020

1. Slide 1: 2020 Nine Months Results Conference Call

   2020 NINE MONTHS RESULTS CONFERENCE CALL November 16th, 2020

2. Slide 2: Disclaimer

   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

3. Slide 3: Financial Highlights

   FINANCIAL HIGHLIGHTS 30 September 2020 3 3

4. Slide 4: Revenues

   REVENUES 30 September 2020-2019 (€/000) 90 80 -34.0% 70 60 50 40 30 20 10 - 2020 9M 2019 4

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 30 September 2020-2019 (€/000) €'000 9M 2020 % 9M 2019 % var. % BREAKDOWN BY GEOGRAPHIC AREA European Union 12,639 24.0% 19,454 24.4% -35.0% United States 19,427 37.0% 38,456 48.3% -49.5% Japan 17,403 33.1% 18,693 23.5% -6.9% Other 3,103 5.9% 3,095 3.9% 0.3% TOTAL SALES A

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 30 September 2020-2019 (€/000) 45 50.3% 40 35 30 53.0% 25 20 15 10 5 - 9M 2020 2019 6

7. Slide 7: EBITDA

   EBITDA 30 September 2020-2019 (€/000) 18 20.3% 16 16,192 14 12 10 8 6 9.3% 4 4,869 2 - 9M 2020 2019 7

8. Slide 8: EBIT

   EBIT 30 September 2020-2019 (€/000) 14 16.6% 12 10 8 6 4 3.4% 2 - 9M 2020 2019 8

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT 30 September 2020-2019 (€/000) 14.000 15.0% 12.000 10.000 8.000 6.000 4.000 2.000 1.3% 0 0,672 9M 9M 2020 2019 9

10. Slide 10: Net Debt – Cash Positive

    NET DEBT – CASH POSITIVE 30 September 2020, 31 December 2019 and 30 September 2019 (€/000) at Sep 30, 2020 at Sep 30, 2020 at Dec 31, 2019 at Sep 30, 2019 (NO IFRS 16) 10

11. Slide 11: Equity, Cash and Net Debt

    EQUITY, CASH AND NET DEBT 30 September 2020 and 31 December 2019 (€/000) 140.000 120.000 100.000 80.000 30,687 60.000 29,894 12,249 40.000 6,357 20.000 0 at Sep 30, 2020 at Dec 31, 2019 SHAREHOLDERS' EQUITY NET FINANCIAL POSITION CASH & CASH EQUIVALENTS 11

12. Slide 12: Net Working Capital

    NET WORKING CAPITAL 30 September 2020, 31 December 2019 and 30 September 2019 (€/000) at Sep 30, 2020 at Dec 31, 2019 at Sep 30, 2019 12

13. Slide 13: Employees

    EMPLOYEES Headcount at the end of each period 0 0 0 0 0 at Sep 30, 2020 at Dec 31, 2019 at Sep 30, 2019 13

14. Slide 14: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT €'000 9M 2020 % 9M 2019 % OPERATING RESULTS SALES REVENUES 52,572 100.0% 79,698 100.0% GROSS PROFIT 27,889 53.0% 40,050 50.3% EBITDA 4,869 9.3% 16,192 20.3% EBIT 1,802 3.4% 13,250 16.6% PROFIT (LOSS) BEFORE TAXES 1,630 3.1% 13,116 16.5% GROUP NET PROFIT (LOSS) FOR THE P

15. Slide 15: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET at Sep 30, 2020 at Dec 31, 2019 at Sep 30, 2020 at Dec 31, 2019 (€'000) (€'000) LIABILITIES AND EQUITY Share capital 8,879 8,879 ASSETS Share premium reserve 136,400 136,400 Intangible assets 88,135 88,905 Other reserves ( 22,976) (20,623) Property, Plant and equipment 6,1

16. Slide 16: Thank You!

    Thank You! www.eurotech.com

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