Eurotech S.p.a. · MIL:ETH

Eurotech — H1 2018 Earnings Presentation

15 slides from Eurotech's earnings presentation, Sep 10, 2018

1. Slide 1: First Half Results 2018 Conference Call

   FIRST HALF RESULTS 2018 CONFERENCE CALL September 10th, 2018

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: Financial Highlights 30 June 2018

   FINANCIAL HIGHLIGHTS 30 June 2018 3 3

4. Slide 4: Revenues

   REVENUES 30 June 2018-2017 (€/000) 40 35 30 25 20 15 10 5 - 2018 1H 2017 4

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 30 June 2018-2017 (€/000) 1H 2018 % 1H 2017 % var. % BREAKDOW N BY GEOGRAPHI C AREA European Union 8,327 22.3% 3,367 15.3% 147.3% United States 15,511 41.6% 8,536 38.8% 81.7% Japan 12,446 33.3% 9,638 43.8% 29.1% Other 1,038 2.8% 462 2.1% 124.7% TOTAL SALES AND SERVICE REV

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 30 June 2018-2017 (€/000) 20 48.3% 18 16 14 12 44.9% 10 8 6 4 2 - 1H 2018 2017 6

7. Slide 7: EBITDA

   EBITDA EBITDA - 30 June 2018-2017 (€/000) 5 4 9.7% 3 3,629 2 1 -20.0% - (1) - (2) (3) (4) (5) 1H 2018 2017 7

8. Slide 8: EBIT

   EBIT EBIT & EBIT adj - 30 June 2018-2017 (€/000) 4,0 7.2% 7.2% 2,0 No price allocation effect in 2018 0,0 -2,0 - - -4,0 -6,0 -25.6% -31.2% -8,0 2018 2017 1H 1H adj 8

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT Group’s net results & Group’s net results adj, 30 June 2018-2017 (€/000) 3,0 5.1% 5.1% 2,0 1,0 0,0 -1,0 - - -2,0 -3,0 -4,0 -5,0 -6,0 -7,0 -28.3% -31.9% -8,0 2018 2017 1H 1H adj 9

10. Slide 10: Equity, Cash and Net Debt

    EQUITY, CASH AND NET DEBT CASH AND NET DEBT , 30 June 2018 and 31 December 2017 (€/000) 145.000 125.000 105.000 85.000 65.000 6,745 8,333 -5,650 45.000 -2,845 25.000 5.000 at Jun 30, 2018 at Dec 31, 2017 -15.000 SHAREHOLDERS' EQUITY NET DEBT CASH & CASH EQUIVALENTS 10

11. Slide 11: Net Working Capital

    NET WORKING CAPITAL NWC 30 June 2018 ,31 December 2017 and 30 June 2017 (€/000) at Jun 30, 2018 at Dec 31, 2017 at Jun 30, 2017 11

12. Slide 12: Employees

    EMPLOYEES Headcount at the end of each period 0 0 0 0 0 at Jun 30, 2018 at Dec 31, 2017 at Jun 30, 2017 12

13. Slide 13: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT 1H 2018 1H 2017 OPERATING RESULTS €'000 1H 2018 % 1H 2017 % % % adjusted adjusted SALES REVENUES 37,322 100.0% 22,003 100.0% 37,322 100.0% 22,003 100.0% GROSS PROFIT 18,034 48.3% 9,873 44.9% 18,034 48.3% 9,873 44.9% EBITDA 3,629 9.7% (4,398) -20.0% 3,629 9.7% (4,398) -2

14. Slide 14: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET (€'000) at Jun 30, 2018 at Dec 31, 2017 (€'000) at Jun 30, 2018 at Dec 31, 2017 ASSETS LIABILITIES AND EQUITY Intangible assets 83,356 79,968 Share capital 8,879 8,879 Property, Plant and equipment 2,368 2,436 Share premium reserve 136,400 136,400 Investments in affiliates

15. Slide 15: Thank You!

    Thank You! www.eurotech.com

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