Slide 1: 1Q 2026 Results Presentation & Business Update
1Q 2026 Results Presentation & Business Update May 11 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 Clarence Nahan Chief Executive Officer Chief Financial Officer Head of Corp. Dev. & IR 3
Slide 4: Key takeaways from the past 3 months
Key takeaways from the past 3 months • 1Q26 Net sales : €48.5m, +3% YoY, in line with guidance Kicking off the o Clea revenues : €2.7m recurring (+20% YoY), now 66% of the total year with • Gross profit margin : 52.3%, showing good supply chain management amid memory price increase momentum • EBITDA
Slide 5: Detailed 1Q 2026 Results
Detailed 1Q 2026 Results S=C/4
Slide 6: 1Q 2026 financial performance in details
1Q 2026 financial performance in details 1Q 25 1Q 26 • Revenues up 3% YoY, showing a positive market trend Net sales €47.2m €48.5m • Clea recurrent revenues at €2.7m, steadily increasing as more devices are connected during the project deployment phase • Gross margin consolidation, at above 52% Gros
Slide 7: Net sales - €48.5m
Net sales - €48.5m Edge computing business • €48.5m in 1Q26, +3% vs. 1Q25 • Recurring revenue at €2.7m (66% of the total) • Sales volume expansion well distributed Edge Clea in 1Q26, +20% 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 (1,1) (0,2) 20,0% (0,6) 18,7% 1,4 1,0 (0,9) 9,4 9,1 Adj. EBITDA 1Q Δ Net Δ Consumption Δ Operating Δ Costs of services and Δ Payroll Δ Adjustments Adj. EBITDA 1Q 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 2 3 4 6,5 7,3 44,1 37,6 36,8 FY 25 Δ NPF 1Q 26 Extraordinary 1Q 26 Adj for extraordinary CAPEX CAPEX 1 1Q 2026 2 Net debt Adjustments 3 Leverage 4 Extraordinary CAPEX • ∆ Net working capital mainly due to disciplined • Solid financial po
Slide 10: Business update
Business update S=C/4
Slide 11: Physical Edge AI: Intelligence, deployed where it matters
Physical Edge AI: Intelligence, deployed where it matters AI is moving from cloud to field devices where decisions must happen instantly and locally Faster decisions in Cost efficiency Resilience and New class of Mission-critical environments at scale data sovereignty AI-driven applications 11
Slide 12: SECO's end-to-end vertical solutions
SECO’s end-to-end vertical solutions Intelligent Retail & Automated Vending Industrial HMI for Autonomous Machinery Automation Mobile Robot Drones High-perf platforms for Medical & Healthcare Humanoid Robot Kiosk & Vending Intelligent Edge Systems for Smart Energy Grid High-Performance Vision & AI A
Slide 13: Modular Vision - Commercial traction update
Modular Vision - Commercial traction update Early market adoption shows growing traction across customers, distributors and technology partners • Standard HMI family available in multiple screen sizes and based on different chip providers of choice, enabling flexible KPI configuration within a unifi
Slide 14: Recent win – Clea adoption
Recent win – Clea adoption by Multi-year agreement with a Tier-1 global leader in electrification with our end-to-end offering Requirements SECO winning points • Clea framework as core enabler of secure • Secure & scalable digitalization of distributed energy assets – data transfer and fleet managem
Slide 15: Update on recurrent revenue contribution
Update on recurrent revenue contribution As projects move into deployment stage, with devices being gradually connected to the platform, the recurring revenue portion of the business is picking up 7,6 8,2 5,8 6,4 4,1 4,3 +20% 2,2 13,7 12,8 YoY 11,2 10,2 8,5 2,2 7,7 5,0 3,7 2,7 1,4 1Q24 1H24 9M24 FY2
Slide 16: 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 +60% YoY Jan-Apr avg. €30m MAR MAY JUN MAR MAY JUN MAR APR APR APR JUL
Slide 17: 2Q26 guidance
2Q26 guidance While the environment remains complex, the year is starting on a strong pace, supported by robust demand for Edge AI-driven solutions 2Q26 Revenue guidance €50m+ 51,2 51,2 48,1 48,0 48,5 47,2 47,2 44,1 44,1 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 GPM 56% 50% 51% 55% 53% 53% 5
Slide 18: Q&A
Q&A S=C/4
Slide 19: Appendix
Appendix S=C/4
Slide 20: 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 21: Why invest in SECO?
Why invest in SECO? 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 p
Slide 22: Thank you
Thank you www.seco.com S=C/4