Eurotech S.p.a. · MIL:ETH

Eurotech — FY2017 Earnings Presentation

14 slides from Eurotech's earnings presentation, Mar 14, 2018

1. Slide 1: Full Year 2017 Results Conference Call

   FULL YEAR 2017 RESULTS CONFERENCE CALL March 14th, 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 31 December 2017

   FINANCIAL HIGHLIGHTS 31 December 2017 3 3

4. Slide 4: Revenues

   REVENUES 31 December 2017-2016 (€/000) 70 60 50 40 30 20 10 - 2017 12M 2016 4

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 31 December 2017-2016 (€/000) FY 2017 % FY 2016 % var. % BREAKDOWN BY GEOGRAPHI C AREA European Union 9.559 15,9% 9.682 15,8% -1,3% United States 25.489 42,4% 21.743 35,6% 17,2% Japan 23.814 39,6% 24.937 40,8% -4,5% Other 1.258 2,1% 4.741 7,8% -73,5% TOTAL SALES AND SERVI

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 31 December 2017-2016 (€/000) 35 48.5% 49.0% 30 25 20 15 10 5 - 12M 2017 2016 6

7. Slide 7: EBITDA

   EBITDA EBITDA - 31 December 2017-2016 (€/000) 2 2.8% 2 1 1,672 1 1 1 1 0.7% 0 0 0 - 12M 2017 2016 7

8. Slide 8: EBIT

   EBIT EBIT & EBIT adj - 31 December 2017-2016 (€/000) 0,0 - -1,0 Price -1.2% allocation -2,0 effect in 2017: - 2.234 € - -3,0 -5.0% -4.5% -4,0 -5,0 - -9.1% -6,0 2017 2016 12M 12M adj 8

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT Group’s net results & Group’s net results adj, 31 December 2017-2016 (€/000) 0,0 -1,0 -2,0 -3,0 -3 - -4 -5.2% -4,0 -5.5% - -5,0 -7.8% -8.3% -6,0 2017 2016 12M 12M adj 9

10. Slide 10: Equity, Cash and Net Debt

    EQUITY, CASH AND NET DEBT 31 December 2017 and 2016 (€/000) 130,000 110,000 90,000 70,000 50,000 9,186 30,000 -5,650 6,745 -2,340 10,000 -10,000 at Dec 31, 2017 at Dec 31, 2016 -30,000 SHAREHOLDERS' EQUITY NET DEBT CASH & CASH EQUIVALENTS 10

11. Slide 11: Net Working Capital

    NET WORKING CAPITAL NWC 31 December 2017, 31 December 2016 and 2015 (€/000) at Dec 31, 2017 at Dec 31, 2016 at Dec 31, 2015 11

12. Slide 12: Employees

    EMPLOYEES Headcount at the end of each period 0 0 0 295 0 0 at Dec 31, 2017 at Dec 31, 2016 at Dec 31, 2015 12

13. Slide 13: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT FY 2017 FY 2016 OPERATING RESULTS €'000 FY 2017 % FY 2016 % % % adjusted adjusted SALES REVENUES 60,120 100.0% 61,103 100.0% 60,120 100.0% 61,103 100.0% GROSS PROFIT 29,135 48.5% 29,959 49.0% 29,135 48.5% 29,959 49.0% EBITDA 1,672 2.8% 443 0.7% 1,672 2.8% 443 0.7% EBIT

14. Slide 14: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET (€'000) at Dec 31, 2017 at Dec 31, 2016 (€'000) at Dec 31, 2017 at Dec 31, 2016 ASSETS LIABILITIES AND EQUITY Intangible assets 79,968 89,715 Share capital 8,879 8,879 Property, Plant and equipment 2,436 2,993 Share premium reserve 136,400 136,400 Investments in affiliates

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