Mare Engineering Group Spa · MIL:MARE
Mare Engineering Group Spa — Mare Group — Investor Presentation (December 2024)
22 slides from Mare Engineering Group Spa's investor presentation, Dec 4, 2024
Slide 1: Innovation Attitude
Update 2024/12/04 based on the upper bounds of approved guidance – visit the Investor Relations section of www.maregroup.it for more informations. INNOVATION ATTITUDE M A R E G R O U P
Slide 2: Mare Group | A Digital Engineering Company
MARE GROUP | A DIGITAL ENGINEERING COMPANY 2 Mare Group is a digital engineering company that develops innovation with large companies, leveraging the same technologies to offer products and services for small enterprises with a focus on digital and sustainability transition. The business has three
Slide 3: 16 Offices in 4 Countries
16 OFFICES IN 4 COUNTRIES 3 2 0 2 4 Slovakia J U N E Bratislava O F Italy Czech Republic A S Bellizzi Jihlava (2) D A T A Benevento Napoli C O M P A N Y Pomigliano d'Arco Portico di Caserta Roma S O U R C E : Salerno(3) Torino Sant'Agata Bolognese Brazil Contagem Goiana ISO 9001:2015 Sistema di Gest
Slide 4: Board of Directors
BOARD OF DIRECTORS 4 GIOVANNI CATURANO ANTONIO MARIA ZINNO MARCO BELLUCCI FRANCESCO GRILLO VALERIA CONTI INNOVATION AND CHIEF EXECUTIVE OFFICER CHAIRMAN AND R&D STRATEGY INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR COMMUNICATION DIRECTOR Antonio Maria Zinno is the founder and Born in Italy in 1973. Gio
Slide 5: Staff & Executive Management
STAFF & EXECUTIVE MANAGEMENT 5 LUIGI DI PALMA DOMENICO SORIANO GENNARO TESONE VINCENZO GROSSO DEBORA MAUTONE MANAGING DIRECTOR CHIEF TECHNOLOGY OFFICER CHIEF GROWTH OFFICER CHIEF FINANCIAL AND GRANT AND PUBLIC FUNDING MANAGER ADMINISTRATION OFFICER Luigi is an experienced engineer and He is the CTO
Slide 6: Evolution: Digital Twin 11 M&A
2001 2010 2015 2017-2023 2024 INDUSTRY 4.0 & 11 M&A ORIGINS: EVOLUTION: CONTINUOUS TECHNOLOGICAL + TEST SIMULATION DIGITAL TWIN INNOVATION HUMANISM INTEGRATION 6
Slide 7: Sample Activities
7 SAMPLE ACTIVITIES
Slide 8: SAX smart device for railway infrastructure monitoring
8 From the Technology by Syenmaint, SAX is Smart device mounted on passenger trains for real-time infrastructure monitoring, significantly reducing maintenance costs Patent n. 102020000029402 | EU extension n. EP21209879.2 |Hong Kong Extension n. 42022064772.1 SECTOR Railway infrastructure CUSTOMERS
Slide 9: SpinVector technology: virtual reality training
9 The Technology Acquired through SpinVector have been used in many projects with large industrial companies, especially in manufacturing. INDUSTRY Large Industrial Companies Stellantis N.V. | Leonardo S.p.A. | The Coca-Cola Company CUSTOMERS Marelli Europe S.p.A. | Comau S.p.A. PRODUCT TYPE Virtual
Slide 10: DELFI.AI: Artificial Intelligence for SMEs
10 → DELFI.AI: → Related Products • The Artificial Intelligence for Small • Marker (marketing and competitive and Medium-sized Enterprises (SMEs) analysis) → Key features: • Obiettivo Europa (n. 1 public • Analysis of the company through founding scouting platform in Italy) VAT number • Reports on i
Slide 11: 2024 Highlights
11 2024 HIGHLIGHTS M A R E G R O U P
Slide 12: 2024 Milestones
2024 MILESTONES 12 In the first half of 2024, Mare Group took effective steps towards achieving the objectives outlined in its IPO strategy, focusing on technology development, expansion into new sectors and internationalization. OPERATION VALUE APP. ENG DIG. SERV. TECH PLA COUNTRIES TOPICS Agreemen
Slide 13: Financial Highlights
13 FINANCIAL HIGHLIGHTS M A R E G R O U P
Slide 14: Financial Data (€M)
FINANCIAL DATA (€M) 14 SOURCE: COMPANY DATA 45 40 +2 8% 39,4 KEY HIGHLIGHTS R: G A C 35,2 § YoY growth across all KPIs 35 § Increased Margins and Net Profit 29,8 30 26,1 § External Cost Structure Optimized 25 24,1 § 2021-2023: 40% organic growth 20 § 2024: 100% organic growth 15 9,4 10 10 7,4 Note:
Slide 15: Mare Group | 1H2024 vs 1H2023
15 MARE GROUP | 1H2024 vs 1H2023 1H2024 YoY 1H2023 VALUE OF PRODUCTION 18,8 €Mln +7,2% 17,5 €Mln EBITDA 4,1 €Mln +44,2% 2,8 €Mln NET FINANCIAL POSITION 19,1 €Mln -6,5 €Mln 25,6 €Mln (as of 31/12) TECH PLATFORMS APPLIED 6,2 ENGINEERING 33% 3,5 4,5 1,6 3,3 2,9 3,3 2,0 1,2 19% DIGITAL SERVICES 9,1 OTHE
Slide 16: Mare Group | 3Q2024 vs 3Q2023
16 MARE GROUP | 3Q2024 vs 3Q2023 3Q2024 YoY 3Q2023 VALUE OF PRODUCTION 29,8 €Mln +14% 26,1 €Mln EBITDA 7,4 €Mln +23% 6,0 €Mln NET FINANCIAL POSITION 17,9 €Mln -7,7 €Mln 25,6 €Mln (as of 31/12) 35 29,8 30 26,1 25 20 15 10 7,4 6 5 0 3Q2024 VoP EBITDA 3Q2023 M A R E G R O U P
Slide 17: Future Continuous
17 FUTURE CONTINUOUS M A R E G R O U P
Slide 18: Future Continuous – Guidance FY2024
18 MARE GROUP | FUTURE CONTINUOUS – GUIDANCE FY2024 2024* YOY 2023 VALUE OF PRODUCTION 45 €Mln +14% 39 €Mln EBITDA 14 €Mln +40% 10 €Mln NET FINANCIAL POSITION 14 €Mln -12 €Mln 26 €Mln NFP / EBITDA 1,0x 2,5x APPLIED ENGINEERING 12,6 11,4 DIGITAL SERVICES 8,4 11,3 28% 5,1 21% 29% TECH PLATFORMS 3,5 25
Slide 19: Future Continuous – HoH Growth 2024
19 MARE GROUP | FUTURE CONTINUOUS – HoH GROWTH 2024 (€Mln) 2H2024* 1H2024 VALUE OF PRODUCTION 26,2 18,8 EBITDA 9,9 4,1 NET FINANCIAL POSITION 14,0 19,1 6,2 APPLIED ENGINEERING 9,1 3 33% 3,5 DIGITAL SERVICES 5,1 35% 19% TECH PLATFORMS 19% 0,5 TECH P. INVESTMENTS 12 9,1 46% 48% * 2H2024 figures reflec
Slide 20: Well Defined Strategy for a Steep Growth Path
MARE GROUP 20 WELL DEFINED STRATEGY FOR A STEEP GROWTH PATH 2H2024 (€Mln) TRENDS 2025 € 26,2 Mln § Lower Seasonal Variation VALUE OF PRODUCTION § More Recurring Revenues DONE § Cost Structure Optimization ORGANIC TECH PLATF. INVESTMENTS § Increased Margins GROWTH § Improved Collection Cycles -5,1 §
Slide 21: Strategic Moves
STRATEGIC MOVES 21 APPLIED DIGITAL TECHNOLOGY ACTION ENGINEERING SERVICES PLATFORMS ACQUISITION OF TARGET COMPANIES ✓ ✓ ✓ STRENGHTENING IN FOCUS SECTORS ✓ APPLIED AI FOR BUILDING MANAGEMENT ✓ TECHNOLOGY INTEGRATION ✓ ✓ NEW PRODUCTS AND SERVICES ✓ INTERNATIONALIZATION ✓ ✓ ✓ M A R E G R O U P
Slide 22: Mare Group S.p.A.
Mare Group S.p.A. Capitale sociale € 3.000.000,00 i.v. P.IVA IT 07784980638 Via ex Aeroporto s.n.c. c/o Consorzio Il Sole Lotto XI 80038 Pomigliano d’Arco (NA) maregroup.it info@maregroup.it Tel. +39 081 803 6677 M A R E G R O U P