Slide 1: Company Presentation Winter Conference 2021
COMPANY PRESENTATION WINTER CONFERENCE 2021
Slide 2: Italian construction quality
Italian construction quality ENGINEERED SYSTEMS OF NAVAL ARCHITECTURE AND BUILDING FAÇADES PROFESSIONAL KITCHEN SYSTEMS AND PRODUCTS DESIGN AND PRODUCTION OF BESPOKE INTERIORS
Slide 3: Innovation-Driven Work Culture
THE GROUP 3 INNOVATION-DRIVEN WORK CULTURE The legacy that SOMEC Group plans to protect VISION MISSION VALUES and pass on is inherent in the Italian DNA of its The world has been recognising The companies in the Many companies have practical people, interpreted as the energy for greater the history
Slide 4: Chairman and CEO message
THE GROUP 4 “ Entrepreneurs and companies that carry the Made in Italy label go forth into the world motivated by a unique combination of purpose and ability - a legacy that everyone should be committed to preserving and passing on. Our dream for the future of SOMEC is to keep bringing skills and en
Slide 5: Segments and Companies
THE GROUP 5 SEGMENTS AND COMPANIES Buoyed by a reputation built on the results of corporate growth and development, the SOMEC Group has become a world of companies specialising in three macro segments: ENGINEERED SYSTEMS PROFESSIONAL DESIGN OF NAVAL ARCHITECTURE KITCHEN SYSTEMS AND PRODUCTION AND BU
Slide 6: Wanting something big and getting it
“ Wanting something big and getting it. 6 Wanting to create a major Italian construction core, which isn’t looking ahead to just one goal, but sees a horizon of infinite evolution. This is the new SOMEC story. ”
Slide 7: Engineered Systems of Naval Architecture and Building Façades
ENGINEERED SYSTEMS 7 OF NAVAL ARCHITECTURE AND BUILDING FAÇADES The SOMEC Group is one of the major players in North America and Europe when it comes to the design, procurement, production, installation and maintenance of innovative solutions and original building and ship construction systems chara
Slide 8: The Companies: Engineered Systems
ENGINEERED SYSTEMS OF NAVAL 8 ARCHITECTURE AND BUILDING FAÇADES THE COMPANIES Façade systems for all types Innovative, high-performance Construction and of buildings, encompassing glass enclosures for cruise installation of curtain walls, the idea of architects, designers, ships, quality endorsed by
Slide 9: Selected projects
9 COSTA SMERALDA ENCHANTED PRINCESS 2050 M STREET COSTA CROCIERE PRINCESS CRUISES WASHINGTON, DC TWA FLIGHT CENTER HOTEL NORWEGIAN JOY BULFINCH CROSSING WPB1 JAMAICA QUEENS, NY NORWEGIAN CRUISE LINE BOSTON, MA
Slide 10: Professional Kitchen Systems and Products
PROFESSIONAL 10 KITCHEN SYSTEMS AND PRODUCTS The SOMEC Group designs integrated, bespoke systems for professional kitchens, which harmoniously combine high-end aesthetics and superior performance levels. Turnkey solutions for the catering and hospitality industry, characterised by endorsed standards
Slide 11: The Companies: Professional Kitchen Systems
PROFESSIONAL KITCHEN 11 SYSTEMS AND PRODUCTS THE COMPANIES Turnkey ship catering Bespoke professional kitchens solutions, with management with high performance and of the entire product cycle, reliability characteristics, from customised design supporting international chefs through to production in
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Slide 13: Design and Production of Bespoke Interiors
DESIGN AND 13 PRODUCTION OF BESPOKE INTERIORS The SOMEC Group delivers bespoke interior design projects. Fluid settings, characterised by sophistication and attention to detail, which emphasise the beauty in that detail, and understand and satisfy customer requirements. High-calibre expertise dedica
Slide 14: The Made-in-Italy Ability to Create the Overall Growth of the Group
THE 14 MADE-IN-ITALY ABILITY TO CREATE THE OVERALL GROWTH OF THE GROUP
Slide 15: The Companies: Bespoke Interiors
DESIGN AND PRODUCTION 15 OF BESPOKE INTERIORS THE COMPANIES Fully personalized interior design solutions for various high-end settings, made with noble materials expertly processed using cutting-edge techniques. Sophisticated creations that make an impact, perfectly blending perfectionism and genius
Slide 16: MN wat sete /
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Slide 17: Trends & Figures
17 TRENDS & FIGURES
Slide 18: Building Façades
BUILDING 18 FAÇADES In countries such as the United States, China, Germany Due to their heat capacity, continuous façades will also Finally, continuous façades also come in super-jumbo and the UK, the post-COVID 19 financial support see considerable growth in the residential sector, format, which is
Slide 19: Naval Architecture
NAVAL 19 ARCHITECTURE ORDER BOOK 2021 > 2025 The cruise industry is forecasting 31.7 million passengers in 2022 (compared with 27.8 in 2019), reaching 38.7 million in 2027. 2021 2022 2023 2024 2025 SHIPS COMMISSIONED nr 26 29 22 11 11 AVERAGE DIMENSIONS tonnes 58,452 74,956 103,167 120,027 111,132 A
Slide 20: Professional Kitchen Systems and Products: Market Trends
PROFESSIONAL KITCHEN 20 SYSTEMS AND PRODUCTS A customised, cutting-edge, MARKET TRENDS sustainable solution for: • full-service themed restaurants • retail outlets, such as convenience stores 1 2 3 4 5 • fast food takeaways, fast food Expansion into New concepts Increasing diversity To protect their
Slide 21: Professional Kitchen Systems and Products: Product Trends
PROFESSIONAL KITCHEN 21 SYSTEMS AND PRODUCTS A customised, cutting-edge, PRODUCTS TRENDS sustainable solution for: • full-service themed restaurants • retail outlets, such as convenience stores 1 2 3 4 5 • fast food takeaways, fast food Reduction Reduction More flexible and Increased Reduced energy
Slide 22: High-End Catering
HIGH-END 22 CATERING In an era of growing interest in high-end cuisine, the professional equipment MARKET SIZE (USD) / 2020 MARKET TREND (CAGR) market for exclusive catering is flourishing. Of approximately 16,000 Michelin WORLD WORLD restaurants, more than 20% have a star rating and the figure is i
Slide 23: High-End Hotels
HIGH-END 23 HOTELS In the coming years the construction of more than 7,000 hotels is planned NEW HOTELS UNDER CONSTRUCTION IN THE COMING YEARS throughout the world, with more than half distributed throughout Europe and WORLD North America. In these two geographical areas a third of them will be high
Slide 24: Private Houses and Flats
PRIVATE HOUSES 24 AND FLATS A taste for beauty and the increasing search for sophisticated, quality-built exclusive % OF UNHWI WHO PLANNED TO BUY HOUSE / 2021 homes is proportional to the increase in the number of ultra-high-net-worth individuals (UNHWIs) in the world. In 2021 alone, of approximatel
Slide 25: Luxury Retail
LUXURY 25 RETAIL The number of luxury retail outlets in Europe and North America is continually MARKET TREND (CAGR) LVMH STORES / 2013 > 2020 rising. Considering the current trend, the creation of more than a thousand WORLD WORLD outlets annually in Europe and North America alone is forecast. Added
Slide 26: Superyachts
SUPERYACHTS 26 The superyacht market appreciates Italian construction capability. CONSTRUCTION OF NEW SUPERYACHTS / 2013 > 202 MARKET FOCUS There are more than 800 orders in progress, half of which are being WORLD fulfilled entirely in Italy. Italian expertise has conquered the nautical market, regi
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Slide 28: Management: Together for a Successful Business
MANAGEMENT TOGETHER 28 FOR A SUCCESSFUL BUSINESS Since 2013 the SOMEC Group management team have been committed to a long-term growth strategy, with a shared vision of maintaining the company’s standing as a hub of Italian construction quality, operating in its project implementation segments, along
Slide 29: History: From Local Company to International Group
WITH A POSITIVE OUTLOOK FOR HISTORY THE 2021 FINANCIAL YEAR SOMEC SOMEC TAKES FROM LOCAL COMPANY OVER INOXTREND SOMEC TAKES LAUNCHES A NEW GROUP IDENTITY TO INTERNATIONAL NEW AND CREATES OVER TSI AND — BUOYANT A START-UP COMPLETES ITS GROUP REPUTATION GROWS, AS WELL AS THE ORDER MANAGEMENT SHIPBUILD
Slide 30: People: Total Internal Management
PEOPLE 30 TOTAL INTERNAL MANAGEMENT 14% 14% The SOMEC model sets itself apart thanks ADMINISTRATION RESEARCH, to the development of original systems AND STAFF Creating a profitable DEVELOPMENT AND ENGINEERING and the in-house management of the business Focusing on design, engineering and innovation
Slide 31: Project Cycle Operation Model
OPERATION MODEL 31 1 3 5 PRE-SALES SELECTING MATERIALS INSTALLATION PROJECT The most complex phase, which includes references, preliminary engineering The SOMEC Group works with different materials depending on the sector. With more than 300 major projects delivered, tested and approved, the SOMEC G
Slide 32: Global Delivery
GROUP COMPANIES AND INTERNATIONAL PRESENCE 32 GLOBAL FLORIDA NEW YORK GERMANY ITALY NORWAY CHINA DELIVERY NAVALTECH TSI 3.0 PARTNERS USA BLUESTEEL GROUP USA SOMEC BRANCH OXIN BRANCH SOMEC GRUPPO HQ BLUESTEEL SOMEC BRANCH OXIN BRANCH SOMEC SHANGHAI FABBRICA WORKS GICO CONNECTICUT FRANCE HYSEA FINLAND
Slide 33: Last News: Cracco Restaurant & GICO in Portofino
LAST NEWS CRACCO RESTAURANT & GICO TOGETHER IN PORTOFINO 33 Cracco, Portofino: among the pastel-coloured houses and exclusive boutiques, this internationally-renowned restaurant, whose chef is from Vicenza - Italy, is a jewel set among splendid sea views over the bay of Tigullio. Inside the premises
Slide 34: Last News
LAST NEWS 34 THE CHANGING FACE GICO IS THE SILVER SPONSOR OF NEW YORK IN THE ITALIAN PAVILION AT EXPO 2020 New York’s Climate Change Legislation is resulting in the city changing face and For more than 50 years GICO has been showing a new look. delivering customized solutions for chefs in Italy and
Slide 35: The Value of Responsibility
SUSTAINABILITY 35 THE VALUE OF RESPONSIBILITY SOMEC has made a commitment to responsibility. The SOMEC Group is proud THE NUBE SYSTEM THE SOMEC FAÇADE to define its mission in the Innovative software with a SOMEC’s engineered systems In a historic era where technology enables us to desire to be buil
Slide 36: Developing, Preserving and Passing on the Italian Know-How
DEVELOPING, 36 PRESERVING AND PASSING ON THE ITALIAN KNOW-HOW The SOMEC Group was set up and developed as a local business based on the skilled hands of expert tradespeople. As it has expanded, SOMEC has always recognised the priceless value of Italian expertise, which is precise when it comes down
Slide 37: Closing quote from Chairman and CEO
37 “ (…) The truth is that the technical, industrial and craft expertise of our people, and the freedom with which everyone in the Group can be innovative, give us the energy to pursue our dream - to become the hub of Italian construction quality. ” OSCAR MARCHETTO CHAIRMAN & CEO SOMECGRUPPO.COM
Slide 38: SOMEC S.p.A. 1H 2021 Financial Results
38 SOMEC S.P.A. 1H 2021 FINANCIAL RESULTS
Slide 39: Management & Shareholding
MANAGEMENT & SHAREHOLDING 39 SHAREHOLDING STRUCTURE SHAREHOLDING STRUCTURE MANAGEMENT OF SOMEC SPA OF VENEZIA SPA 0.26% Treasury shares 24.41% Oscar Marchetto Giancarlo Corazza Alessandro Zanchetta Free float Chairman COO CFO (Fondaco Srl) (Gicotech Srl) (Ellecigi Srl) 0.33% 74.3% 15.7% 10.0% Oscar
Slide 40: 1H 2021 Key Messages
1H 2021 KEY MESSAGES 40 Order intake +158 million Euro Backlog record at 826 million The Group’s consolidated The data also confirms the at 30 June 2021. Euro, +106 million Euro income statement as at 30 June growth trend compared to the compared to 30 June 2020. 2021 shows revenues of 128 same peri
Slide 41: Backlog Analysis
BACKLOG ANALYSIS 41 BACKLOG (30.06.2021) SEASCAPE BACKLOG (30.06.2021) BREAKDOWN BY BUSINESS ACTIVITIES BREAKDOWN BY CRUISE OPERATOR SEASCAPE SEASCAPE LANDSCAPE
Slide 42: Key Figures 1H 2021: Revenues
KEY FIGURES 1H 2021 42 1H TURNOVER BREAKDOWN 1H TURNOVER BREAKDOWN 1H REVENUES €m - IAS/IFRS BY GEOGRAPHIC AREA BY BUSINESS ACTIVITIES SEASCAPE SEASCAPE LANDSCAPE LANDSCAPE EBITDA 1H 2021
Slide 43: Key Figures 1H 2021: EBITDA
KEY FIGURES 1H 2021 43 BRIDGE FROM EBITDA 1H EBITDA & MARGIN €m - IAS/IFRS TO NET PROFIT 1H 2021 SEASCAPE LANDSCAPE
Slide 44: Still Investing for Growth
STILL INVESTING FOR GROWTH 44 €m - IAS/IFRS *PPP: Paycheck Protection Program (US Government Grant)
Slide 45: 1H 2021 Results: Income Statement and Balance Sheet
1H 2021 RESULTS 45 INCOME STATEMENT BALANCE SHEET
Slide 46: 1H 2021 Results: Net Financial Position and Cash Flow
1H 2021 RESULTS 46 NET FINANCIAL POSITION CASH FLOW STATEMENT
Slide 47: Contacts
47 CONTACTS Investor Relations Office Phone:+39 0438 471998 Email: investorrelations@somecgruppo.com SOMECGRUPPO.COM