Eurotech S.p.a. · MIL:ETH

Eurotech — Q1 2019 Earnings Presentation

16 slides from Eurotech's earnings presentation, May 15, 2019

1. Slide 1: First Quarter Results Conference Call

   2019 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2019

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 March 2019

   FINANCIAL HIGHLIGHTS 31 March 2019 3 3

4. Slide 4: Revenues

   REVENUES 31 March 2019-2018 (€/000) 30 25 20 15 10 5 - 2019 3M 2018 4

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 31 March 2019-2018 (€/000) 5

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 31 March 2019-2018 (€/000) 14 47.8% 12 10 48.8% 8 6 4 2 - 3M 2019 2018 6

7. Slide 7: EBITDA

   EBITDA EBITDA - 31 March 2019-2018 (€/000) 5 16.0% 4 4 4 3 3 2 9.1% 2 1 1,621 1 - 3M 2019 2018 7

8. Slide 8: EBIT

   EBIT EBIT - 31 March 2019-2018 (€/000) 4 12.3% 3 3 2 2 6.5% 1 1 - 3M 2019 2018 8

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT Group’s net results, 31 March 2019-2018 (€/000) 4 11.6% 3 3 2 2 1 3.5% 1 0 3M 2019 2018 9

10. Slide 10: Net Debt

    NET DEBT 31 March 2019, 31 December 2018 and 31 March 2018 (€/000) at Mar 31, 2019 at Mar 31, 2019 at Dec 31, 2018 at Mar 31, 2018 (NO IFRS 16) 10

11. Slide 11: Equity, Cash and Net Debt

    EQUITY, CASH AND NET DEBT 31 March 2019 and 31 December 2018 (€/000) 120.000 100.000 80.000 60.000 12,193 13,196 930 40.000 -5,455 20.000 0 at Mar 31, 2019 at Dec 31, 2018 -20.000 SHAREHOLDERS' EQUITY NET DEBT CASH & CASH EQUIVALENTS 11

12. Slide 12: Net Working Capital

    NET WORKING CAPITAL NWC 31 March 2019 ,31 December 2018 and 31 March 2018 (€/000) at Mar 31, 2019 at Dec 31, 2018 at Mar 31, 2018 12

13. Slide 13: Employees

    EMPLOYEES Headcount at the end of each period 0 0 30 0 0 0 at Mar 31, 2019 at Dec 31, 2018 at Mar 31, 2018 13

14. Slide 14: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT 14

15. Slide 15: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET 15

16. Slide 16: Thank You!

    Thank You! www.eurotech.com

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