Eurotech S.p.a. · MIL:ETH

Eurotech — Q1 2020 Earnings Presentation

16 slides from Eurotech's earnings presentation, May 15, 2020

1. Slide 1: 2020 First Quarter Results Conference Call

   @) EUROTECH Imagine. Build. Succee 2020 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2020

2. Slide 2: Disclaimer

   Disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presentation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agents

3. Slide 3: Eurotech - Imagine. Build. Succeed.

   ON a (= FUROTECH -=/LVIANVI LVI Imagine. Build. Succeed.

4. Slide 4: Revenues

   REVENUES 31 March 2020-2019 (€/000) -22.6% = 2020 3M sw 2019 @EUROTECH

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 31 March 2020-2019 (€/000) €000 3M 2020 % 3M 2019 % — var.% BREAKDOWN BY GEOGRAPHIC AREA European Union 3.510 178% 4.094 161% ——-14,3% United States B99] 455% 14.981 58,7% -40,0% Japan 5.988] 30.3% 5.390 211% 11% Other 1.263 64% 1.040 4.1% 214% TOTAL SALES AND SERVICE REV

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 31 March 2020-2019 (€/000) 47.8% m=2020 = 2019 @EUROTECH

7. Slide 7: EBITDA

   EBITDA 31 March 2020-2019 (€/000) 16.0% = 2020 ™2019 @EUROTECH

8. Slide 8: EBIT

   EBIT 31 March 2020-2019 (€/000) 12.3% 3,144 = 2020 ™2019 @EUROTECH

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT 31 March 2020-2019 (€/000) 11.6% 2.6% =™2020 m2019 @EUROTECH

10. Slide 10: Net Cash March 2020, December 2019 and March 2019

    NET CASH 31 March 2020, 31 December 2019 and 31 March 2019 (€/000) 14,903 12.249 10,378 at Mar 31,2020 = at Mar 31, 2020 at Dec 31, 2019 at Mar 31, 2019 (NO IFRS 16) 10 @EUROTECH =

11. Slide 11: 140.000 120.000 100.000 80.000 30,687 27,785 60.000 12,249 0,378 40.000 20.000 0 11

    140.000 120.000 100.000 80.000 30,687 27,785 60.000 12,249 10,378 40.000 20.000 0 11

12. Slide 12: Net Working Capital March 2020, December 2019 and March 2019

    NET WORKING CAPITAL 31 March 2020, 31 December 2019 and 31 March 2019 (€/000) at Mar 31, 2020 at Dec 31, 2019 at Mar 31, 2019 12 @EUROTECH ~ —

13. Slide 13: Employees

    EMPLOYEES Headcount at the end of each period @EUROTECH at Mar 31, 2020 301 at Dec 31, 2019 at Mar 31, 2019 13

14. Slide 14: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT ©000 3M 2020 % 3M 2019 % OPERATING RESULTS SALES REVENUES 19,752 100.0% 25,505 100.0% GROSS PROFIT 9,866 49.9% 12,181 41.8% EBITDA 1,695 8.6% 4,078 16.0% EBIT 821 42% 3144 12.3% PROFIT (LOSS) BEFORE TAXES 869 4.4% 3,073 12.0% GROUP NET PROFIT (LOSS) FOR THE PERIOD 509 2

15. Slide 15: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET at Mar 31,2020 at Dec 31, 2019 (€'000) LIABILITIES AND EQUITY at Mar 31,2020 at Dec 31, 2019 (€'000) ASSETS Intangible assets 90,969 88,905 Property, Plant and equipment 7,129 6,565 Investments in other companies 165 162 Deferred tax assets 7,802 7,981 Medium/long term bor

16. Slide 16: Thank You!

    Thank You! www.eurotech.com

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