Slide 1: Company Presentation March 2022
COMPANY PRESENTATION MARCH 2022
Slide 2: The Group: Vision, Mission, Values
THE GROUP VISION MISSION VALUES INNOVATION-DRIVEN The world has been recognising The companies in the Many companies have practical WORK CULTURE the history and culture of Italian SOMEC Group strive for project management and construction solutions for more and place innovative tailored engineering
Slide 3: History in details: from local company to international group
Half HISTORY IN DETAILS 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 SHIPBUILDING — SEASCAPE The Board of Director
Slide 4: Segments and Companies
THE GROUP TOTAL REVENUES (€m) EBITDA (€m) SUSTAINABILITY FY 2021 FY 2021 SEGMENTS AND 258,5 23,0 Somec has made a commitment to COMPANIES FY 2020 223,4 FY 2020 18,7 sustainability, a responsibility shared by every business area. Buoyed by a reputation built on the The SOMEC Group’s results of corpor
Slide 5: Project Cycle
OPERATION MODEL 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 Grou
Slide 6: Together for a Successful Business
MANAGEMENT & SHAREHOLDING TOGETHER FOR A SHAREHOLDING STRUCTURE OF SOMEC SPA SUCCESSFUL BUSINESS 0.26% Treasury shares 24.41% Free float 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
Slide 7: Total Internal Management
PEOPLE 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 112
Slide 8: Engineered Systems of Naval Architecture and Building Façades
ENGINEERED SYSTEMS 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 charact
Slide 9: The Companies
ENGINEERED SYSTEMS OF NAVAL 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 3
Slide 10: Focus on USA and Focus on Europe
EPFL ME FOCUS FOCUS BÂTIMENT DES NEUROPROSTHÉTIQUES ON USA ON EUROPE Ecublens - Lausanne NEW YORK’S CLIMATE CHANGE FACADES MARKET TRENDS LEGISLATION IS RESULTING IN EUROPE: SOCIAL ASPECTS, IN THE CITY CHANGING FACE SAFETY AND SUSTAINABILITY ARE AND SHOWING A NEW LOOK THE KEY DRIVERS The City of New
Slide 11: Reference projects
COSTA SMERALDA ENCHANTED PRINCESS 2050 M STREET COSTA CROCIERE PRINCESS CRUISES WASHINGTON, DC 11 TWA FLIGHT CENTER HOTEL ROYAL PRINCESS The JACX JAMAICA QUEENS, NY PRINCESS CRUISES LONG ISLAND CITY, NY
Slide 12: Professional Kitchen Systems and Products
PROFESSIONAL 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 of
Slide 13: The Companies
PROFESSIONAL KITCHEN 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 de
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Slide 15: Design and Production of Bespoke Interiors
DESIGN AND 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 dedicated
Slide 16: The Made-in-Italy Ability to Create the Overall Growth of the Group
THE MADE-IN-ITALY ABILITY TO CREATE THE OVERALL GROWTH OF THE GROUP 17
Slide 17: The Companies
DESIGN AND PRODUCTION 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. B
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Slide 19: Target Markets & Business Segments
TARGET MARKETS & BUSINESS SEGMENTS RIDING THE MOST ATTRACTIVE MARKET TRENDS 20
Slide 20: Building Façades
BUILDING 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 a
Slide 21: Naval Architecture
NAVAL 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 AVER
Slide 22: High-End Catering
HIGH-END 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 incr
Slide 23: Mestieri: Strategic Development Line
MESTIERI: STRATEGIC DEVELOPMENT LINE HIGH-END HOTELS PRIVATE HOUSES & FLATS LUXURY RETAIL SUPERYACHTS > 7,000 > 500,000 > 6,000 821 New hotels in the world Ultra high-net-worth individual Stores luxury brands in Europe New superyachts in order (2021) (2021) and North America (2021) in the world (202
Slide 24: Somec S.p.A. Key Figures FY 2021
38 SOMEC S.P.A. KEY FIGURES FY 2021 25
Slide 25: Global Delivery: Group Companies and International Presence
GROUP COMPANIES AND INTERNATIONAL PRESENCE 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 FA
Slide 26: Trend Line
TREND LINE 258.5 Track records of growth. 251.4 223.4 Revenues € million 165.5 Value of production* 87.0* € million 75.8* 49.8* 30.7* 41.7* 1978 1993 2013 OIC 2014 OIC 2015 OIC 2016 OIC 2017 OIC 2018 IFRS 2019 IFRS 2020 IFRS 2021 IFRS Somec, founded Startup of Oscar Marchetto Acquisition Oxin Startu
Slide 27: Backlog Analysis
BACKLOG ANALYSIS 921 €m Backlog (31.12.2021) 2022 2023 2024 2025 2026 2027 2028 2029 2030 23.3% 23.5% 21.4% 11.5% 10.2% 6.4% 2.4% 1.4% 0,2% BACKLOG (31.12.2021) SEASCAPE BACKLOG (31.12.2021) BREAKDOWN BY BUSINESS ACTIVITIES BREAKDOWN BY CRUISE OPERATOR SEASCAPE SEASCAPE LANDSCAPE others 38.4% marine
Slide 28: Key Figures
KEY FIGURES FY 2021 TURNOVER BREAKDOWN FY 2021 TURNOVER BREAKDOWN REVENUES €m - IAS/IFRS BY GEOGRAPHIC AREA BY BUSINESS ACTIVITIES SEASCAPE LANDSCAPE 250 3.8% 7.6% public areas 11.5% Rest of world interiors professional 200 29.1% cooking equip. Italy 32.3% marine glazing 150 40% North +15.7% America
Slide 29: Key Figures
KEY FIGURES BRIDGE FROM EBITDA TO NET PROFIT FY 2021 €m - IAS/IFRS 23.0 4.1 EBITDA & MARGIN €m - IAS/IFRS -15.9 20.0 (7,.5) -0.5 8.5 -2.3 25 3.7 EBITDA D&A Financial income Taxes Minorities NET FY 2021 PROFIT 20 15 NFP BRIDGE €m - IAS/IFRS 10 128.0 18.7 23.0 5 8,4% 8,9% 0 FY 2020 FY 2021
Slide 30: Financial Results
FINANCIAL RESULTS INCOME STATEMENT BALANCE SHEET 31
Slide 31: Financial Results
FINANCIAL RESULTS NET FINANCIAL POSITION CASH FLOW STATEMENT 32
Slide 32: Contacts
CONTACTS Investor Relations Office Phone:+39 0438 471998 Email: investorrelations@somecgruppo.com SOMECGRUPPO.COM