A.b.p. Nocivelli S.p.a. · MIL:ABP
A.b.p. Nocivelli — KT&Partners Annual Investors Summit Day 2026
28 slides from A.b.p. Nocivelli's conference presentation, Jun 17, 2026
Slide 1: ABP Nocivelli
ABP Nocivelli KT&Partners Annual Investors Summit Day 17th June, 2026
Slide 2: Agenda
Agenda 1. Company Overview 2. Financial Results 3. Outlook Annex
Slide 3: 1. Company overview
1.Company overview
Slide 4: Company at a Glance
Company at a Glance Italian Energy Service Company (ESCo) focused on public infrastructure Integrated capabilities across design, construction and long-term services Strong positioning in healthcare infrastructure Founded in 1963 Listed on Euronext Growth Milan
Slide 5: Integrated Business Model
Integrated Business Model Services Long-Term Revenue Model Energy efficiency and facility management Public-Private Partnerships Generate long-term revenue visibility Construction Technological systems Typical concession duration 25–30 years Focus Hospitals and public buildings Construction combined
Slide 6: Backlog and Revenue Visibility
Backlog and Revenue Visibility € 1.9 bn Average contract duration ~25–30 years Total Backlog to 2035 Strong long-term revenue visibility €1.5bn €400m Underpinned by contracted backlog and long-duration PPP concessions Contracted Backlog Novara Hospital PPP Project
Slide 7: Main Strategic Projects – Italy
Main Strategic Projects – Italy Torino – Parco della Salute Novara – Città della Salute Healthcare infrastructure leadership Growing footprint in national infrastructure Malpensa Infrastructure Strategic infrastructure and PPP projects
Slide 8: Growth Strategy
Growth Strategy 01 02 03 Ramp-up of Turin and Novara Expansion into state-invested Growing relationships with Terna, hospital PPP projects infrastructure Enel, RFI and ANAS 04 05 Energy transition driving demand for efficiency services Potential upside from Consip tenders expected in 2026
Slide 9: Sustainability as a Priority
Sustainability as a Priority Environmental Protection Social Responsibility • Reduction in energy consumption (-8%) and GHG • Provided 2,542 hours of employee training emissions (Scope 1 and 2 -9%) • Supports local area through numerous initiatives and • Photovoltaic system avoided 12 tCO2e62 donati
Slide 10: Investment Highlights / Closing remarks
Investment Highlights / Closing remarks Why ABP Nocivelli Structural demand €1.9 bn backlog Strong positioning Long-standing Healthcare infrastructure Supporting long-term visibility in hospital relationships with modernization infrastructure PPP public projects administrations Recurring revenues St
Slide 11: 2. Financial Results
2. Financial Results 1H 2025–2026
Slide 12: Key Financial Highlights
Key Financial Highlights €45.6mn €10.8mn ~25% EBITDA EBITDA Margin Value of Production €9.6mn €7.3mn €70.8mn EBIT Net Result Net Cash
Slide 13: Sustained Growth, Stronger Business
Sustained Growth, Stronger Business Top-line Growth fuels Performance REVENUES VALUE OF PRODUCTION 42.8 €mn VALUE OF PRODUCTION LIKE FOR LIKE 45.6 €mn Revenues Revenues 41.3 42.8 +3.7% YoY +3.7% YoY +8.2% YoY +12.6% YoY H1 H1 2024-2025 2024-2025 H1 H1 2025-2026 2025-2026
Slide 14: Consistently High Margins
Consistently High Margins Margins above 23% with double-digit growth EBITDA 10.8 €mn EBIT 9.6 €mn 30.0% 25.3% 12 23.4% EBITDA EBIT 30.0% 10.8 12 20.1% 20.9% 10 9.8 9.6 8.5 8 8 +10.1% YoY 6 +13.4% YoY 4 4 2 0 -40.0% 0 (40.0%) H1 2024-2025 H1 2025-2026 H1 2021-2022 H1 2022-2023
Slide 15: Delivering Growth and Profitability Year after Year
Delivering Growth and Profitability Year after Year Nocivelli achieved a positive net result over the years, reflecting strong financial performance and resilience in a dynamic market environment NET INCOME 7.3 €mn 12 Net income 20.0% 18.0% 15.8% 15.9% 16.0% NET PROFIT 12 14.0% 8 7.3 10 6.6 12.0% CA
Slide 16: Robust Cash flow
Robust Cash flow The company's Net Financial Position (cash positive) stands at more than €70.8 million, showing a significant improvement from previous periods 70.8 €mn H1 2024-2025 NFP FY 2024-2025 HY 2025-2026 NET FINANCIAL POSITION (CASH) As a solid, debt-free business, Nocivelli has the financi
Slide 17: 3. Outlook
3. Outlook
Slide 18: Outlook
Outlook 1. Main tender procedures Focus on healthcare & hospital redevelopment (regulatory-driven demand: seismic & fire safety). 2. PNRR-funded contracts Execution ongoing; completion expected within next 2 fiscal years. 3. Strategic suppliers to public entities Terna S.p.A.: €25m ceiling; €10m con
Slide 19: 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 20: Questions and Answers
Questions and Answers Your Questions Matter We're now ready to address any questions you may have about our presentation.
Slide 21: Annex
Annex
Slide 22: 60 Years of Industrial Evolution
60 Years of Industrial Evolution 2023 2025 • Tenders worth ≈€30 million for • Contract for the design, construction and works relating to the PNRR management of the new “Parco della Salute, (construction and plant works della Ricerca e dell’Innovazione” in Turin 1963 aimed at healthcare facilities a
Slide 23: Shareholder Structure
Shareholder Structure Board of Directors 0.89% 3.55% 11.33% • Bruno Nocivelli - Chairman Bruno Nocivelli Laura Salvatore • Nicola Turra - Chief Executive Officer Nicola Turra 26.60% 57.63% • Laura Salvatore - Director Alessandra Perego Market • Alessandra Perego - Director • Francesco Landriscina -
Slide 24: Profit & Loss
Profit & Loss Income Statement (Euro/000) 31/12/2025 31/12/2024 Total change Change % Revenues from sales and services 42,849 41,329 1,520 3.7 Changes in inventories 2,265 (77) 2,342 -3,041.6 Consumption of raw materials (9,360) (8,497) (863) 10.2 General expenses (21,154) (19,941) (1,213) 6.1 Value
Slide 25: Balance Sheet
Balance Sheet Balance Sheet (€/000) 31/12/2025 30/06/2025 Total change Change % Inventories 20,992 18,725 2,267 12.1 Trade receivables 11,378 17,296 (5,918) -34.2 Trade payables (13,272) (10,210) (3,062) 30.0 Advances (14,065) (17,153) 3,088 -18.0 Commercial working capital 5,033 8,658 (3,625) -41.9
Slide 26: Net Financial Position
Net Financial Position Net Financial Position (€/000) 31/12/2025 30/06/2025 Total change Change % A. (Cash) (70,790) (62,423) 8,367 13.4% B. (Cash equivalents) 0 0 0 0 C. (Other current assets) 0 0 0 0 D. Liquidity (A) + (B) + (C) (70,790) (62,423) 8,367 13.4% E. Current financial debt 0 0 0 0 F. Cu
Slide 27: Cash Flow
Cash Flow Values in €k Cash flow (€/000) 31/12/2025 31/12/2024 A) Cash flows from operating activities 1) Profit (loss) for the year before income tax, interest, dividends and capital 9,616 8,477 gains or losses on disposals Total adjustments for non-monetary items not reflected in net working capit
Slide 28: Thank You
Thank You Website Investor Relations Visit us online for more information. Contact for investor inquiries. www.abpnocivelli.it nocivelli@mytwincommunication.com
ABP Nocivelli — KT&Partners Annual Investors Summit Day 2026 on 6ix