Slide 1: Slide 1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements
Slide 3: Q1 2025 Results
Q1 2025 RESULTS
Slide 4: Q1 2025 highlights
ooh lights. recovery in consumer demand, the return to growth of the PC segment and the continued operating costs, mainly due to inflationary effects and to thecollective bargaining progression of the Solutions segment (software, cloud and cybersecurity). agreements increases occurred from Q2-24 and
Slide 5: Q1 2025 Sales Evolution
Q1 2025 Sales Evolution THE GROUP CONTINUES TO EXECUTE THE BUSINESS STRATEGY WELL IN TERMS OF BOTH VOLUMES AND GROSS PROFIT MARGIN, ALSO BENEFITING FROM AN IMPROVED IT SPENDING ENVIRONMENT. By Country” Italy Spain Portugal Morocco Q1-25 Net Sales As Reported 631 ME 307 ME 21 ME 4ME Q1-25 Gross Sales
Slide 6: P&L Q1 2025 of the Three Dimensions
P&L Q1 2025 of the Three Dimensions Revenues EBITDA Adj. EBITDA Margin Adj. Qi20e5 Qi 2024 Delta A% Qi20e5 Qi 2024 Delta A% Qi20e5 Qi 2024 Delta Screens Hy 494.0 479.1 149 3% 19 33 14 42% 0.38% 0.69% -0.30% Devices 199.9 212.2 “12.3 6% “0.4 22 26 >100% -0.20% 1.04% -1.24% Esprinet total 693.9 691.3
Slide 7: Q1 2025 P&L Summary
Q1 2025 P&L Summary THE GROUP, HISTORICALLY ATTENTIVE TO COST DISCIPLINE, IS ADOPTING PROACTIVE MEASURES TO IMPROVE PROFITABILITY BY ALIGNING THE COST STRUCTURE WITH GROWTH OBJECTIVES TO ABSORB A VERY HIGH INFLATIONARY IMPACT ON THE TWO MAIN COST COMPONENTS: PERSONNEL AND RENTS. (M/€) Q1 2025 Q1 202
Slide 8: Q1 2025 BS Summary
Q1 2025 BS Summary MAXIMUM ATTENTION TO THE WORKING CAPITAL MANAGEMENT, AT A TIME OF EXTREMELY HIGH UNCERTAINTY REGARDING FUTURE FACTORY ALLOCATION POLICIES BY MANUFACTURERS WITH CONSEQUENT POSSIBLE IMPACTS ON LEAD TIMES, AND RISK OF POSTPONEMENT OF INVESTMENT DECISIONS BY END-USER COMPANIES. + Neti
Slide 9: Working Capital Metrics 4-qtr average
Working Capital Metrics 4-qtr average 100 40 90 a] nn a] 35 80 30 70 _ 4 a ° 24} -2¢| 2: > s = ee rq 50 20 40 1 ! 15 30 J j 8) 10 20 eh ae oe 10 | ~ ° 0 2018 QL.2018 Q22018 Q3 2018 Q42019 Q1 2019 922019 Q3 2019 Q42020 QL 2020 Q22020 Q3 2020 Q42021 Qi 2021 922021 Q32021 942022 Ql 2022 Q2 2022 932022
Slide 10: Working Capital Metrics quarter-end
Working Capital Metrics quarter-end 50 40 30 20 10 -10 -20 2018 Ql 2018 Q2 2018 Q3 2018 Q4 2019 Ql 2019 Q2 2019 Q3 2019 Q4 2020 QI 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 QL 2022 Q2 2022 Q3.2022 Q4 2023 Ql 2023 Q2 2023 Q3 2023 Q4 2024 QL 2024 Q2 2024 Q3 2024 Q4 2025 QL AVEraEEWE
Slide 11: ROCE Evolution Up To Q1 2025
ROCE Evolution Up To Q1 2025 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 2018 QL 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 94 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 QL 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 QL 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 QL
Slide 12: Final Remarks
FINAL REMARKS
Slide 13: What to expect
What to expect THE BACKDROP We and the sector analyst look to the future with determination, certain that t! current yea e fundame tals of the industry will remain positive for the Thanks to the expected growth in the PC segment, to which the refresh cycle five years after the pandemic and the end o
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Slide 15: Upcoming Events
Upcoming Events TP ICAP Midcap Conference, organized by TP ICAP Midcap May 15, 2025 2025 ISMO Milano organized by Intesa Sanpaolo May 29, 2025 European Midcap Event, June 11, 2025 organized by Intermonte ? Mid & Small Conference, organized by Virgilio IR July 1, 2025 Board of Directors, September 11
Slide 16: Thank you
Thank you GRAZIE GRACIAS OBRIGADO DANKE MERCI 4A} iat jit © ceerinet