Slide 1: Q1 2024 Results and Overview of UAS Acquisition
QT’2024 Results and Overview of ‘UAS’ Acquisition May 14, 2024 FINCANTIERI www. fincantieri.com
Slide 2: Safe harbour statement
QI 2024 Results FINCANTIER! Safe harbour statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts
Slide 3: Slide 3
Slide 4: Fincantieri acquires Underwater Armaments Systems (UAS) business
Q1 2024 Results FINCANTIER! Fincantieri acquires “Underwater Armaments Systems”(UAS) business — a leader in underwater defence systems A Unique Opportunity to Drive Fincantieri’s Global Leadership in the Underwater Domain Highly specialized in the development and construction of underwater defence s
Slide 5: UAS business' product offering and financial profile complement Fincantieri's underwater strategy
Q1 2024 Results FINCANTIER! UAS business’ compelling product offering and financial profile strongly complement Fincantieri’s underwater strategy Business Description Whitehead Alenia Sistemi Subacquei S.p.A. (“WASS”) is a company specialized in the development and construction of underwater defence
Slide 6: Transaction at a glance
Q1 2024 Results FINCANTIER! Transaction at a glance * Acquisition of the Underwater Armaments Systems business line, owned by Leonardo S.p.A. Key Te ms of the * The value of the acquisition is equal to € 300 min as fixed Enterprise Value, subject to price adjustment mechanisms, in addition Transacti
Slide 7: +1.3% +2.1% +3.4% 5.2% 6.4% 21.3% 5.5%
+1.3% +2.1% +3.4% 5.2% 6.4% 21.3% 5.5%
Slide 8: Addressing a large market opportunity growing significantly in the coming years
Addressing a large market opportunity growing significantly in the coming years
Slide 9: Slide 9
Slide 10: Highlights
Q1 2024 Results Q1 2024 Highlights FINCANTIER! Revenues EBITDA Total Backlog NFP (€ min) (€ min) (€ min) (€ min) 1.764 1.767 87 100 39.266 2.271 2.413 Ql 2023 Ql 2024 Ql 2023 Ql 2024 FY 2023 Ql 2024 FY 2023 Ql 2024 Solid top-line with revenues at € 1,767 min, in line with expectations EBITDA up by 1
Slide 11: Record high commercial pipeline driven by strong market demand
Q1 2024 Results FINCANTIER! Record high commercial pipeline driven by strong market demand as, +t Cruise Naval Offshore r-April 2024 --- a = 4 next-generation cruise ships ordered by NCLH (2 for Regent n Seas Cruises and 2 for Oceania Cruises brands)! = Signed a € 1.18 bn contract with the Indonesia
Slide 12: Q1 2024 Results: total backlog and deliveries
QI 2024 Results FINCANTIERI Total backlog! of € 39.3 bn, equal to 5.1x FY 2023 revenues? Backlog . re Soft Backlog at € 17.3 bn, further supporting the commercial pipeline Shipbuilding — Cruise Shipbuilding — Naval Offshore & Specialized Vessels #ship deliveries #ship deliveries #ship deliveries 202
Slide 13: Slide 13
Slide 14: Strong order intake with a book to bill at 0.3x
QI 2024 Results FINCANTIER! Strong order intake with a book to bill at 0.3x Order intake breakdown by segment (Emin Book-to-billl Oa = Order intake at € 0.5 bn with strong contribution from Offshore, not taking Leeeec eee eee: H into consideration the PPA order for Indonesia not yet effective 539 er
Slide 15: Q1 2024 total backlog covers 5.1x FY 2023 revenues
QI 2024 Results FINCANTIER! Q1 2024 total backlog covers 5.1x FY 2023 revenues Total backlog! breakdown by segment mind Pas. | Pbk | : : Lececncecnce becncnenc nes : = Total backlog at € 39.3 bn, approximately 5.1 times FY 2023 revenues 39.256 = Backlog at € 22.0 bn (€ 23.1 bn as of December 31, 202
Slide 16: Revenues at € 1.8 bn, in line with expectations
QI 2024 Results FINCANTIER! Revenues at € 1.8 bn, in line with expectations Revenues breakdown by segment! mind Hictuise Hinaval Ship Interiors J Offshore & Specialized Vessels HB Equipment, Systems & Infrastructure Eliminations 1.764 1.767 Shipbuilding revenues at € 1,338 mln representing 69.9% of
Slide 17: EBITDA up 16% YoY, margin at 5.7%
QI 2024 Results FINCANTIER! EBITDA up 16% YoY to € 100 min, margin at 5.7% EBITDA breakdown by segment! mind Hishipbuilding Hi offshore & Specialized Vessels a shen. Shipbuilding EBITDA grows 7.5% YoY to € 84 min with EBITDA Equipment, Systems & Infrastructure Eliminations c= ) margin at 6.2%, +80 b
Slide 18: On track with the deleveraging path
Q1 2024 Results FINCANTIER! On track with the deleveraging path Net Working Capital! breakdown Net Financial Position? mind Emin) Ql 2023 FY 2023 Q1 2024 Q1 2023 FY 2023 Ql 2024 = Net financial position at € 2,413 min, materially reduced YoY 819 = Develeraging path confirmed 1.298 with 2024 NFP/EBIT
Slide 19: Slide 19
Slide 20: Full recovery of Cruise market, new opportunities in Naval and Offshore momentum expected to continue
Q1 2024 Results Full recovery of Cruise market, new opportunities in Naval and Offshore momentum expected to continue FINCANTIER! Gap between supply and demand of vessels expected starting from 2027, with a revamp of new orders from 2024 already observed as = Passengers’ volume reached ca. 107% of 2
Slide 21: ESG: main results achieved
Q1 2024 Results ESG: main results achieved Wepp Ratings Fincantieri included “=~ in Sustainalytics’ SUSTAINALTICS 5 list of “Top-Rated RATED } ESG Companies" and scores Moopy’s | ESG Solutions _ S&P Global 59 (low risk) 692 (advanced) (D>A) (0>100) 14.21 (40>0) (O>100) Awards gen, Fincantieri IGICOM
Slide 22: Slide 22
Slide 23: Concluding remarks
Q1 2024 Results FINCANTIER! Concluding remarks = Uniquely positioned investment story with strong top line and profitability growth over the plan period = Accelerated the expansion in the underwater and naval defence dimension to become a global leader: - Finalized the acquisition of Remazel Enginee
Slide 24: Slide 24
Slide 25: Investor Relations contacts
Q1 2024 Results Investor Relations contacts INSTITUTIONAL INVESTORS investor.relations@fincantieri.it INDIVIDUAL SHAREHOLDERS azionisti.individuali@fincantieri.it FINCANTIER!
Slide 26: Slide 26
Slide 27: Q1 2024 Results: Shipbuilding
QI 2024 Results FINCANTIERI Orders, backlog and deliveries Revenues EBITDA Capex - (Emin (Emin) (Emin) " Orders: € 141 min (€ 252 min in Q1 2023) = Backlog: € 17,755 min (€ 18,908 min in FY 2023) = Deliveries: 1,427 1,338 ee ———~ ; . es 6.2% ) = «Sun Princess» for Princess 484 415 C 5%) Co2% 7 Cruis
Slide 28: Focus on Offshore
Q1 2024 Results Focus on Offshore Orders, backlog and deliveries Revenues EBITDA FINCANTIER! Capex = Orders: € 498 min (€ 533 min in Q1 2023) = Backlog: € 2,086 min (€ 1,866 min in FY 2023) = Deliveries: One Marine Robotic Unit for Ocean Infinity One Fishery Unit for Deutsche Fischfang-Union One CSO
Slide 29: Focus on Equipment, Systems & Infrastructure
QI 2024 Results Focus on Equipment, Systems & Infrastructure FINCANTIER! Orders, backlog and deliveries Revenues EBITDA Capex - Emin €min min = Orders: € 207 min (€ 238 in Q1 2023) = Backlog: € 2,730 min (€ 2,688 n FY 2023) Cs 2%») ( fo \_ Caen) 36%) 16 265 278 6 6 10 5 ai 2023 ai 2024 Ql 2023 Ql 20
Slide 30: Fincantieri
FINCANTIERI