Slide 1: H1 2025 Results
H1 2025 RESULTS 25 September 2025
Slide 2: Today Speakers
TODAY SPEAKERS Oscar Marchetto Alessandro Zanchetta Daniel Bicciato Chairman and CEO Chief Corporate Officer Group CFO 2
Slide 3: H1 2025 Financial Results, Q&A, Annex
1. H1 2025 FINANCIAL RESULTS 2. Q&A ANNEX
Slide 4: H1 2025 Financial Highlights: Strong Margin Recovery Across the Entire P&L
H1 2025 FINANCIAL HIGHLIGHTS: STRONG MARGIN RECOVERY ACROSS THE ENTIRE P&L NAVAL SECTOR & REFITTING ACTIVITY BOOSTING IMPROVEMENTS ACROSS DIVISIONS TOTAL REVENUES EBITDA NET RESULT 192.7 €m 15.8 €m 2.0 €m (185.6 €m H1 2024) (12.8 €m H1 2024) (-1.2 €m H1 2024) +3.9% +24.1% vs H1 2024 vs H1 2024 NET F
Slide 5: Somec, One of the World's Leading Experts in Complex Turnkey Projects
SOMEC, ONE OF THE WORLD’S LEADING EXPERTS IN THE CONSTRUCTION OF COMPLEX TURNKEY PROJECTS HAS THREE KEY MACRO SEGMENTS 5
Slide 6: Consistent and Sustainable Top-Line Progression
CONSISTENT AND SUSTAINABLE TOP-LINE PROGRESSION REACHING € 192.7 MILLION REVENUES UP 3.9%, DRIVEN BY THE STRONG PERFORMANCE OF MESTIERI & TALENTA DIVISION TOTAL REVENUES €m REVENUES BREAKDOWN BY DIVISION % on total +3.9% vs H1 2024 21.0 25.3 H1 2024 H1 2025 14.5 64.5 60.0 14.8 REVENUES BREAKDOWN BY
Slide 7: Excellent Improvement of Marginality, EBITDA +24.1%, EBIT +230.8%
EXCELLENT IMPROVEMENT OF MARGINALITY, EBITDA + 24.1%, EBIT +230.8% STRONG RESULTS SUPPORTED BY NAVAL DIVISION, HIGHER REFITTING VOLUMES AND RIORGANIZATION EBITDA, EBITDA MARGIN €m/ EBIT, EBIT MARGIN €m/ + 130 bp +24.1% + 290 bp vs H1 2024 +230.8% EBIT EBITDA EBITDA EBIT vs H1 2024 Margin Margin Marg
Slide 8: Order Backlog as of July 2025
ORDER BACKLOG AS OF 15 JULY 2025 CAPTURING OPPORTUNITIES IN FAST-GROWING MARKETS WITH STRONG MOMENTUM BACKLOG €m BACKLOG BREAKDOWN BY SCHEDULED YEAR % 744 769* * h f gu c ud € 110 m d u c d 14 Ju y 2025 • Around 100 €m orders secured and announced in the first semester of 2025. • Orders in naval gla
Slide 9: Horizons
HORIZONS PROFITABILITY STRENGTH OFFSET BY MODEST REVENUES DECLINE REVENUES OF THE DIVISION €m -3.5% • vs H1 2024 Stable division revenues reflect different project timing, with robust backlog and proven service quality. EBITDA AND EBITDA MARGIN OF THE DIVISION €m/ +17.9% Vs H1 2024 EBITDA Margin 9.4
Slide 10: Talenta
TALENTA REVENUES EXPANSION WITH EBITDA BROADLY UNCHANGED REVENUES OF THE DIVISION €m 5.7% YoY • Talenta posts healthy revenue expansion EBITDA AND EBITDA MARGIN OF THE DIVISION €m/ -2.2% YoY EBITDA EBITDA Margin 8.0% Margin 7.4% • EBITDA almost in line due to the integration of production plants 10
Slide 11: Mestieri
MESTIERI ROBUST REVENUES GROWTH COUPLED WITH EBITDA DOUBLING REVENUES OF THE DIVISION €m + 25.3% YoY • projects Mestieri achieves robust top-line growth driven by naval EBITDA AND EBITDA MARGIN OF THE DIVISION €m/ + 107.7% EBITDA Margin • EBITDA up by 108%, over two times higher YoY 5.8% EBITDA Marg
Slide 12: Consolidated Net Result 2025 Returns to Positive Territory
CONSOLIDATED NET RESULT 2025 RETURNS TO POSITIVE TERRITORY PROFITABILITY RESTORED: EXECUTION HIGHLIGHTS BENEFITS OF REORGANIZATION CONSOLIDATED NET RESULT €m "People are the greatest asset in a company. h c u u v cu m ’ vc d the constant enhancement of performances are the bj c v ch d by w k g m.” O
Slide 13: Net Financial Position on the Right Track
NET FINANCIAL POSITION ON THE RIGHT TRACK DEBT PROFILE HEADING IN THE RIGHT DIRECTION FINANCIAL POSITION EX- IFRS16 - net debt €m CASH FLOW €m • Improved cash flow performance driven by tighter operational discipline. • EBITDA to cash conversion in the semester was affected by a temporary delay in c
Slide 14: Focus on Marine & Cruise Industry
FOCUS ON MARINE & CRUISE INDUSTRY 37 MILLION ECO-FRIENDLY SHIPS PASSENGERS AND PERSONALIZED GLOBALLY IN 2025 TRAVEL EXPERIENCES Consistent Growth in Passenger Volume. Top companies like Royal Caribbean, Carnival Corporation, and Norwegian Cruise The cruise industry is expected to exceed 37 million p
Slide 15: Focus on Land-Based Area
FOCUS ON LAND-BASED AREA 4.5 EVOLVING % CAGR LUXURY INTERIOR DESIGN RETAIL SECTOR Investments in boutiques and flagship stores Growth of turnkey contracting in both public and private building: the interior design with high aesthetic and technological standards market is experiencing significant gro
Slide 16: H1 2025 Financial Results, Q&A, Annex
1. H1 2025 FINANCIAL RESULTS 2. Q&A ANNEX
Slide 17: Annex
1. H1 2025 FINANCIAL RESULTS 2. Q&A ANNEX
Slide 18: H1 2025 Consolidated Income Statement
H1 2025 CONSOLIDATED INCOME STATEMENT RECLASSIFIED ‘000 Eu 30.06.2025 % 30.06.2024 % ∆ ∆% Revenues from contracts with customers 191,661 99.4% 183,914 99.1% 7,747 4.2% Other revenues and income 1,063 0.6% 1,650 0.9% (587) -35.6% Revenues 192,724 100.0% 185,564 100.0% 7,160 3.9% Materials, services a
Slide 19: H1 2025 Consolidated Balance Sheet
H1 2025 CONSOLIDATED BALANCE SHEET RECLASSIFIED ‘000 Eu 30.06.2025 31.12.2024 Intangible assets 42,593 46,012 of which Goodwill 32,244 33,063 Tangible assets 18,047 18,012 Right-of-use assets 27,233 21,933 Investments in associates 296 289 Non-current financial assets 335 326 Other non-current asset
Slide 20: H1 2025 Consolidated Net Financial Position
H1 2025 CONSOLIDATED NET FINANCIAL POSITION ‘000 Eu 30.06.2025 31.12.2024 A. Cash and cash equivalents 48 65 B. Bank deposits 31,485 47,413 C. Total liquidity (A+B) 31,533 47,478 D. Current financial assets 24,177 28,149 E. Current bank debt (31,941) (43,302) F. Current portion of long-term debt (6,
Slide 21: H1 2025 Consolidated Cash Flow Statement
H1 2025 CONSOLIDATED CASH FLOW STATEMENT RECLASSIFIED ‘000 Eu 30.06.2025 30.06.2024 Cash flows from operating activities 9,107 15,833 Cash flows from investing activities (3,571) (2,299) Free Cash Flow 5,536 13,534 Cash flows from financing activities (19,490) (13,853) Effect of exchange rate change
Slide 22: Disclaimer and Notes
DISCLAIMER AND NOTES h d cum h b p p d by SO EC S.p.A. ( h ‘C mp y’) yf h pu p f h p . This document may not be reproduced or distributed in whole or in part by any other person with any way than the Company. The Company takes no responsibility for the use of this document by any person and for any
Slide 23: Contacts
CONTACTS Investor Relations somec@twin.services investorrelations@somecgroup.com
Slide 24: (…) The truth is that the technical, industrial and craft expertise of our people,
‘‘ (…) The truth is that the technical, industrial and craft expertise of our people, and the freedom with which everyone in the Group can be innovative, give us the energy to pursue our dream - to become the hub of Italian construction quality. ” OSCAR MARCHETTO CHAIRMAN & CEO somecgruppo.com