A.b.p. Nocivelli S.p.a. · MIL:ABP
A.b.p. Nocivelli — Nocivelli ABP — Non-Deal Roadshow (June 2025)
30 slides from A.b.p. Nocivelli's roadshow presentation, Jun 24, 2025
Slide 1: Nocivelli ABP Company Presentation Virtual Roadshow
Nocivelli ABP Company Presentation Virtual Roadshow June 24, 2025
Slide 2: Safe Harbour
Safe Harbour This presentation may contain forward looking objectives and statements about Nocivelli ABP (“Nocivelli ABP” or “the Company”) financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent
Slide 3: Agenda
Agenda 1. Company Overview 2. Financial Results 3. Achievements Annex 3
Slide 4: 1. Company overview
1.Company overview
Slide 5: Company Overview
Company Overview Leading Italian ESCo EGM Milano Listed Key Sectors Providing integrated energy solutions. Transparency and governance. Healthcare, Public, Industrial sectors.
Slide 6: Leader in Energy Services for Public Administration
Leader in Energy Services for Public Administration Nocivelli is one of the leading Italian Energy Service Leader in the ESCO Sector Companies (ESCos), specialised in the design and provision of energy services to public Over 60 years in the industry building a strong reputation and certifications a
Slide 7: Key Player for Environmental Sustainability
Key Player for Environmental Sustainability Energy Service Company Environmental Impact As ESCo (Energy Service Company) Nocivelli is able to provide all the technical, ESCos allow significant savings on total energy consumption and reduction of commercial and financial services necessary to carry o
Slide 8: Leadership as an ESCo since 1963
Leadership as an ESCo since 1963 Over 60 years of continuous innovation and growth in energy efficiency and plant engineering excellence. 2022 2024 Won a tender for energy efficiency and seismic upgrading of a school in New contracts for construction Vobarno (BS). Plant engineering works and plant e
Slide 9: Sustainable Business Model
Sustainable Business Model Nocivelli business model is based on two main approaches to the market, ensuring a diversified and sustainable portfolio. Public-Private Partnerships (PPP) Public Tenders • Public entities and private companies collaborate to finance, design, build and manage • The public
Slide 10: Market Positioning
Market Positioning Healthcare Leader • Top provider for energy efficiency in healthcare. Expanding Reach • Growing footprint in Public Administrations High-Margin Focus • Prioritizing long-term, profitable contracts
Slide 11: Certification
Certification Nocivelli is committed to continuous organizational excellence through rigorous process improvement with significant emphasis on quality, safety, environmental responsibility, and social impact. To achieve this, it has implemented a comprehensive Integrated Management System that harmo
Slide 12: Sustainability as a Priority
Sustainability as a Priority Nocivelli ABP has embarked on a sustainable development path aimed at improving ESG performance through various initiatives: Environmental Protection Social Responsibility Governance & Ethics • Certified UNI EN ISO 14001:2015 • Stakeholder engagement through various inte
Slide 13: 2. Financial Results
2. Financial Results H1 2024 -2025
Slide 14: Consistent Top-line Growth strengthening Business Performance
Consistent Top-line Growth strengthening Business Performance REVENUES VALUE OF PRODUCTION 41.3 €mln 42.1 €mln +4.3% YoY -1.2% YoY This growth is primarily attributable to the completion of several This variation, reflecting the dynamics of revenue and work-in- projects during the first half of the
Slide 15: Financial Resilience and Sustained Growth
Financial Resilience and Sustained Growth The operating results demonstrate a remarkable resilience of Nocivelli business with high margins across all key indicators attest to the operational efficien3cy and the ability to maintain long term profitability. 9.8 €mln 8.5 €mln 6.7 €mln EBITDA EBIT Net
Slide 16: Consistent Double Digit EBITDA Margin
Consistent Double Digit EBITDA Margin 9.8 €mln EBITDA +5.3% YoY (9.3 €mln) +5.3% YoY 23.3% EBITDA Margin (21.9% H1 2023-2024) 16
Slide 17: Steady EBIT Growth and Improved Margin
Steady EBIT Growth and Improved Margin The EBIT margin increased from 19.2% to 20.2%, highlighting greater operational efficiency and the strength of the business model. 8.5 €mln EBIT +3.7% YoY (8.2 €mln) 20.1% +3.7% YoY EBIT Margin (19.2% H1 2023-2024) 17
Slide 18: Positive Net Result over the years
Positive Net Result over the years Nocivelli achieved a positive net result over the years, 6.7 €mln reflecting strong financial performance and resilience in a dynamic market environment. NET INCOME +3.9% YoY (6.4 €mln) 15.7% +3.9% YoY Net Income Margin (15.0.2% H1 2023/24) 18
Slide 19: Robust Backlog
Robust Backlog Strong backlog and long-term services contract give excellent visibility into future revenue. 1.5 € bln to 2031 25 -30 Years Output Average contract duration Sustained revenues stream
Slide 20: Continuous Improvement of Financial Position
Continuous Improvement of Financial Position 53.0 €mln FY 2023-2024 H1 2024-2025 NET CASH POSITION As a solid, debt-free business, Nocivelli has the financial strength to capitalize on -47.7 new opportunities and execute recently -53.0 awarded contracts. The company's Net Financial Position (cash po
Slide 21: 3. Achievements
3. Achievements
Slide 22: Recent Achievements
Recent Achievements September 2024: Construction of new hospital sites in Turin with a 30-year timeline April 2025: Contract for the new “Parco della Salute” officially signed PROJECT DETAILS Nocivelli ABP won the tender for the €500M total Contract Value construction of the new "Parco della Salute,
Slide 23: Growth Drivers
Growth Drivers 1 Government Focus 2 EU Recovery Fund Italian energy efficiency push Substantial green initiative supported by national allocations to support energy policies and incentives for transition. Dedicated funding sustainable infrastructure. channels for public building Increasing public te
Slide 24: Questions and Answers
Questions and Answers Your Questions Matter We're now ready to address any questions you may have about our presentation. 24
Slide 25: Annex
Annex
Slide 26: Shareholder Structure
Shareholder Structure Board of Directors • Bruno Nocivelli - Chairman Bruno Nocivelli Laura Salvatore • Nicola Turra - Chief Executive Officer Nicola Turra • Laura Salvatore - Director Alessandra Perego Market • Alessandra Perego - Director • Francesco Landriscina - Independent Director The chart il
Slide 27: Profit & Loss
Profit & Loss Values in €mln 27
Slide 28: Balance Sheet
Balance Sheet Values in €mln 28
Slide 29: Cash Flow
Cash Flow Values in €mlin ‘CASH FLOW H1 2023-2024 H1 2024-2025 Reclassified statement (€/m) 31.12.2023 31.12.2024 Operating cash flow before change in NWC+/- 92 98 +/-Change in NWC 22 0.5 -Interest, taxes, other 0.6 1 29
Slide 30: Thank You
Thank You Website Investor Relations Visit us online for more information. Contact for investor inquiries. www.abpnocivelli.it nocivelli-spa@twin.services