Italmobiliare S.p.a. · MIL:ITM
Italmobiliare — Investor Day (October 2025)
13 slides from Italmobiliare's investor day presentation, Oct 9, 2025
Slide 1: Clessidra - Italmobiliare Capital Market Day
CLESSIDRA Italmobiliare Capital Market Day Milan, October 9 , 2025 th
Slide 2: Speakers
SPEAKERS Mirja Cartia d’Asero Chairman of Clessidra Holding since 2025 and Clessidra Private Equity SGR • Former CEO and General Manager of Il Sole 24 Ore from 2022 to 2025 • +20 years of experience in international investment bank Lehman Brothers and as a lawyer at international law firms Federico
Slide 3: Clessidra – A Multi-Asset Alternative Investments Platform
CLESSIDRA – A MULTI-ASSET ALTERNATIVE INVESTMENTS PLATFORM Integrated capital solutions for Italy’s mid-market • Clessidra stands out as one of Italy’s leading Alternative Investment platforms, providing Italian SMEs with capital, specialist capabilities, and the integration of ESG 100% Clessidra Gr
Slide 4: Reference Market
REFERENCE MARKET Clessidra’s target market consists of 3.000+ Italian mid-sized companies WHY ITALY €2.2tn • 8th largest economy in the world of GDP • 2nd largest country in industrial manufacturing in Europe • 2nd largest exporter of industrial goods in Europe €620bn • Exports equal to ca. €620bn i
Slide 5: A Complementary Approach to Italian SMEs
A COMPLEMENTARY APPROACH TO ITALIAN SMEs One platform, three engines: equity, credit, factoring for Italian SMEs 29 Clessidra Holding Defines the Group strategic direction and oversees execution with strict KPI monitoring and risk controls. 18 12 48 Clessidra Private Equity Clessidra Capital Credit
Slide 6: Sustainability as a Driver of Long-Term Value
SUSTAINABILITY AS A DRIVER OF LONG-TERM VALUE Our three-pillar framework: operational excellence, leadership development, and a fair transition across the firm and portfolio Operational excellence • Health & Safety • Business ethics Contributing to • Diversity & Inclusion • Process optimisation • Fi
Slide 7: Clessidra Private Equity
CLESSIDRA PRIVATE EQUITY N CLESSIDRA
Slide 8: Solid Historical Track Record Across Four Private Equity Vintages
SOLID HISTORICAL TRACK RECORD ACROSS FOUR PRIVATE EQUITY VINTAGES Since inception: 30 investments, 40 add-ons and 20+ successful exits, consistently delivering superior returns to investors CCP CCP2 CCP3 CCP4 LIQUIDATED LIQUIDATED ACTIVE ACTIVE • Vintage: 2005 • Vintage: 2009 • Vintage: 2016 • Vinta
Slide 9: Clessidra Capital Credit
CLESSIDRA CAPITAL CREDIT 9
Slide 10: Credit Funds' Performance
CLESSIDRA CREDIT FUNDS’ PERFORMANCE CLESSIDRA CLESSIDRA CLESSIDRA PRIVATE DEBT RESTRUCTURING CREDIT RECOVERY VINTAGE 2019 2022 2024 Support turnaround Fund growth/performing Buy & recover NPLs and STRATEGY / UNDERLYING ASSETS of underperforming companies distressed assets companies FUND SIZE (€m) 27
Slide 11: Clessidra Factoring
CLESSIDRA FACTORING N CLESSIDRA
Slide 12: Reference Market: Distressed Factoring
REFERENCE MARKET Distressed Factoring: a niche market served by few specialised operators Generalist Specialists Financial Industrial / Captive Focused on distressed SMEs The Italian factoring market comprises around 30 operators: • The largest by size are companies belonging to banking groups (or b
Slide 13: 2021-2024 Results
2021- 2024 RESULTS Strong growth dynamics for all KPIs Data in €m TURNOVER KPIs Cost Income Spec. Sit. Crossover 77,9% 45,3% 1,215 2021 2024 952 Net NPE Ratio +57% Turnover 59% H1 2025 681 59% 2,5% 1,3% 55% +34% yoy 59% 55% 459 55% 45% 2021 2024 45% 248 41% 41% 41% ROE 39% 55% 55% 45% 45% 41% 61%61%