Slide 1: 1H 2026 Results Presentation & Business Update
1H 2026 Results Presentation & Business Update Sept ember 8 th , 2026
Slide 2: Disclaimer
Disclaimer This document has been prepared by SECO S.p.A. (“SECO” or the “Company”), for information purposes only, exclusively with the aim of assisting you to understand and assess the activities of SECO. The information contained in this presentation does not purport to be comprehensive and may n
Slide 3: Presenting today
Presenting today Massimo Mauri Lorenzo Mazzini Marco Letizia Chief Executive Officer Chief Financial Officer Head of Corp. Dev. & IR 3
Slide 4: Key takeaways from the past 6 months
Key takeaways from the past 6 months Solid H1 • 1H26 Net sales: €98.7m, stable YoY and in line with guidance performance o Clea revenues: €4.9m recurring (+13% YoY), now 65% of the total amid supply • Gross profit margin: 54.2%, showing good performance amid memory price increase challenges • EBITDA
Slide 5: Detailed 1H 2026 Results
Detailed 1H 2026 Results S=C/
Slide 6: 1H 2026 financial performance in details
1H 2026 financial performance in details 1H 25 1H 26 • Revenues up 3% QoQ, showing an improvement from edge computing Net sales €98.4m €98.7m • Clea recurrent revenues at €4.9m, steadily increasing as more devices are connected during the project deployment phase • Gross margin consolidation, with a
Slide 7: Net sales - €98.7m
Net sales - €98.7m Edge computing business • €91.2m in 1H26, +6% vs. 1H25 • Recurring revenue at €4.9m (65% of the total) • Sales volume expansion well distributed Edge Clea in 1H26, +13% YoY across geographical areas, with Southern 92% 8% • NRE portion of the business progressively Europe and APAC
Slide 8: Adjusted EBITDA
Adjusted EBITDA Adj. EBITDA bridge (€m) 1 1 2 0,7 (0,2) 0,9 (1,9) 20,5% 0,3 (1,3) 18,7% 20,1 18,5 Adj. EBITDA 1H Δ Net Δ Consumption Δ Operating Δ Costs of services and Δ Payroll Δ Adjustments Adj. EBITDA 1H 2025 sales costs income other operating costs costs 2026 1 Gross margin effect and operating
Slide 9: Adjusted Net financial position
Adjusted Net financial position Adj. Net debt evolution (€m) 1 1 2 3 4 3,6 37,6 8,8 6,5 4,9 44,1 47,7 38,9 Adj. for 32,7 extraordinary CAPEX FY 25 Δ NFP 1Q 26 Δ NFP 1H 26 Extraordinary 1H 26 Adj for extraordinary CAPEX CAPEX 1 1H 2026 2 Net debt Adjustments 3 Leverage 4 Extraordinary CAPEX • ∆ NWC m
Slide 10: Business update
Business update S=C/
Slide 11: SECO: 1H26 main KPIs
SECO: 1H26 main KPIs Revenue acceleration Record order intake Gross margin rebound +25% vs same Quarter last year +55% YoY +11% QoQ in absolute terms 155,1 60,0 56,0% 53,0% 52,3% 99,8 48,0 3Q25 3Q26 Jul 25 YTD Jul 26 YTD 4Q25 1Q26 2Q26 Actual Guidance 1H26 up to +13% 1.4x 50+ 50 5+ €350m Secured new
Slide 12: Entering the Age of Physical AI
Entering the Age of Physical AI AI is evolving from AI-powered, by-design experimentation • All new SECO linecard feature next-gen CPUs • Dedicated embedded AI computing to enterprise-scale capabilities deployment Business impact • Machines that perceive • Accelerate SECO’s growth • Systems that dec
Slide 13: Addressing high-growth verticals with a scalable Edge AI portfolio
Addressing high-growth verticals with a scalable Edge AI portfolio A comprehensive catalogue of hardware solutions with built-in AI capabilities to anticipate the evolving needs of multiple end-markets Industrial Aerospace Robots & Energy Medical Smart automation & Defence Drones devices 13
Slide 14: Autonomous Factories: a real Physical AI ecosystem
Autonomous Factories: a real Physical AI ecosystem Where AI-enabled devices, edge computing and software platforms operate together to improve productivity, efficiency and automation Smart 70% cameras Customers want tech partners Edge AI platforms not suppliers1 AI-powered HMIs 2025-30 Market CAGR1
Slide 15: Why SECO is well positioned?
Why SECO is well positioned? A unified hardware, software & AI stack to bring intelligence into industrial devices and physical systems, accelerating deployment at scale Edge AI systems Software framework AI algorithms Reference Edge-AI Unique CRA & RED Driving Fast platform for main E2E offering Co
Slide 16: Seamless path from Arduino innovation to scalable Industrial solution
Seamless path from Arduino innovation to scalable Industrial solution Enabling OEMs to move seamlessly from prototyping to deploying AI-ready, industrial products Prototype Scale with with • Flexible industrialization path • Fully compliant with Arduino software stack • Pin-to-pin compatibility • De
Slide 17: Edge AI mission controller – Reference design with Intel
Edge AI mission controller – Reference design with SECO as partner of choice to develop rugged, end-to-end solutions for mission-critical and high- reliability applications Key • Ready-to-deploy HMI + Edge AI kit Entry into • Intel Panther Lake compute core high-value Defense features • Fanless, rug
Slide 18: A strategic partnership for Physical AI
A strategic partnership for Physical AI Remote controller • Strategic partnership • SECO will deliver customized Qualcomm-based chipset solutions 1Q 2027 • SECO product inside all the 5 Neura robot types • SECO planning to start initial robot deployment within its facilities MP start Humanoid Person
Slide 19: New production capacity now fully operational
New production capacity now fully operational Arezzo & Hangzhou upgrades support SECO’s future business expansion, efficiency and scalability 3,115 sqm production 900 sqm offices 3 assembly lines - current +23 planned MES OpCenter by 3,500 sqm production 400 sqm offices 10 assembly lines 6 SMT + 4 P
Slide 20: Building a strong year: continued momentum in order intake
Building a strong year: continued momentum in order intake Healthy conversion of pipeline into confirmed orders, contributing to backlog and business visibility Improving Incoming Backlog trend Consistent Book-to-Bill performance +55% YoY 1.4x July YTD €30m July YTD 20
Slide 21: 3Q26 guidance
3Q26 guidance Revenue expected to grow at +25% YoY, reflecting strong demand for Physical and Edge AI solutions across a diversified range of end markets 3Q26 Revenue guidance c.€60m 51,2 51,2 50,2 47,2 48,1 47,2 48,0 48,5 44,1 44,1 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 GPM 56% 50%
Slide 22: Key takeaways
Key takeaways Entering the Physical AI era 1 A new partnership in Robotics, Qualcomm-based platforms and the Intel reference design increase exposure to high-growth markets, accelerating SECO mid-term growth path Full-range of cutting-edge solutions to support customers’ evolving needs Strong commer
Slide 23: Appendix
Appendix S=C/
Slide 24: Empowering Sustainable Business Through Innovation
Empowering Sustainable Business Through Innovation Our Mission: A digital, sustainable, intelligent future Our technologies drive the automation of industrial processes, enhance production efficiency, minimize product waste, and optimize the use of resources and energy - enabling a smarter, more sus
Slide 25: SECO's DNA
SECO’s DNA 1 Top 5 player globally in one of the fastest growing end-market in technology 2 Profitable business model focused on long term sustainable high margin 3 End-to-end technological partner with unrivalled R&D excellence 4 Fully integrated offering, from edge computing to software platform &
Slide 26: Thank you
Thank you www.seco.com S=C/4