Plc S.p.a. · MIL:PLC
Plc — FY2025 Earnings Presentation
18 slides from Plc's earnings presentation, Mar 25, 2026
Slide 1: PLC: FY 2025 results and 2026 – 2030 Business Plan
PLC: FY 2025 results and 2026 – 2030 Business Plan |1 March 25, 2026
Slide 2: Agenda
Agenda FY 2025 results 2026 – 2030 Business Plan o PLC positioning o Market outlook o Strategy o ESG goals o 2026 – 2030 Business Plan o Conclusions Back-up (FY 2025 results details)
Slide 3: FY 2025 results
FY 2025 results 3 2026 – 2030 BUSINESS PLAN
Slide 4: PLC Group: key financial indicators for 2025
PLC Group: key financial indicators for 2025 2025: positive financial results; EBITDA exceeded the announced target (EBITDA €9–11 million) data in €m Operating revenues 85,2 85,2 25,5 14,9 EBITDA NFD 9,7 12,9 ACT FY ACT FY ACT FY ACT FY ACT FY ACT FY 2024 2025 2024 2025 2024 2025 Operating In line w
Slide 5: 2026 – 2030 Business Plan
2026 – 2030 Business Plan 5 2026 – 2030 BUSINESS PLAN
Slide 6: Positioning of PLC in reference markets
Positioning of PLC in reference markets PLC has 30 years of experience and a distinguished track record in its core sectors • A well-established position in the Italian market > 300: connection infrastructure built o EPC: a leading provider of electrical infrastructure for connecting renewable energ
Slide 7: The context: a structural growth market
The context: a structural growth market A favourable long-term outlook for specialized industrial operators of medium to large size HV connections Utility-scale PV BESS Operation & Maintenance # projects involving a transformer Capacity to be installed HV connections substation and connection Regula
Slide 8: The strategy: to continue creating sustainable value
The strategy: to continue creating sustainable value Focus and discipline to enable sustainable growth 1 STREAMLINING OF ACTIVITIES Consolidation of the operating model through the 2 EXECUTION IMPROVEMENT Investments in human, technical and technological completion of initiatives currently under res
Slide 9: ESG goals
ESG goals An ESG approach and tangible results for sustainable growth with positive impact on people and the environment Achievements 2026 – 2030 Targets E • Buildings with energy efficiency class ‘A4’ • Completion of the replacement of the Key players in the • 100% of energy sourced from renewable
Slide 10: Key economic indicators 2025–2030
Key economic indicators 2025–2030 Economic indicators showing steady and consistent growth (figures in €m) Revenues 140 - 150 130 - 140 120 - 130 110 - 120 Revenues in 2030 > 1.7 times 105 - 115 revenues in 2025 and 1.35 times 86 revenues in 2026 Solid recruitment plan: ~230 people, ~90 hires from M
Slide 11: Key economic indicators 2025–2030 by segment
Key economic indicators 2025–2030 Economic indicators: 2025–2030 forecast by segment (figures in €m) Revenue forecast for 2025 – 2030 EBITDA forecast 2025 - 2030 18 - 20 140 - 150 15 14 - 16 105 - 115 86 FY25 EPC O&M 2026E EPC O&M 2030E FY25 EPC O&M 2026E EPC O&M 2030E Balanced and steady growth acr
Slide 12: Cash Flow 2026 – 2030
Cash Flow 2026 – 2030* Growth driven by a solid investment plan, enabling a substantial distribution to shareholders (figures in €m) 84 -16 3 52 -18 -18 -12 5 -18 Cumulative EBITDA Net working capital Taxes Asset disposal FCFO Capex M&A add-ons Dividends FCF Strong operating results that will enable
Slide 13: Conclusions
Conclusions Sustainable growth built on a strong market position and outstanding financial performance 1. Structural growth in the industrial sector across all >1,7x ~ 1,35x Revenues 2030 vs Revenues 2030 vs business segments 2025 2026 2. Consistent cash generation to support the ~ 30 €m Investments
Slide 14: BACK-UP (FY 2025 results details)
BACK-UP (FY 2025 results details) 14 2026 – 2030 BUSINESS PLAN
Slide 15: Reclassified Consolidated Balance Sheet
Reclassified Consolidated Balance Sheet RECLASSIFIED FINANCIAL POSITION STATEMENT 31.12.2025 31.12.2024 (figures in thousands of Euros) Net tangible assets 7.837 7.101 Net intangible assets 8.657 8.533 Equity investments - 11 Other non-current assets 1.286 1.586 Fixed assets 17.780 17.231 Net workin
Slide 16: Net financial debt
Net financial debt NET FINANCIAL DEBT 31.12.2025 31.12.2024 (figures in thousands of Euros) Liquidity 29.039 17.718 Current financial debt (906) (2.161) Non-current financial debt (913) (1.307) Net financial debt (net cash) before IFRS16 27.220 14.250 Financial liabilities IFRS 16 (1.682) (1.335) NE
Slide 17: Consolidated Income Statement
Consolidated Income Statement RECLASSIFIED COMPREHENSIVE INCOME STATEMENT 01.01.2025 01.01.2024 (figures in thousands of Euros) 31.12.2025 31.12.2024 Revenues from core business 85.151 85.228 Other operating revenues 1.028 1.236 Total revenues 86.179 86.464 Operating costs (68.526) (72.859) Other op
Slide 18: Cash Flow Statement
Cash Flow Statement CASH FLOW STATEMENT 01.01.2025 01.01.2024 (figures in thousands of Euros) 31.12.2025 31.12.2024 Comprehensive income / (loss) 8.791 11.415 Gross Cash Flow 19.671 7.913 CASH FLOW FROM OPERATING ACTIVITIES [A] 16.502 8.930 CASH FLOW FROM INVESTING ACTIVITIES [B] (1.684) 4.510 CASH