Slide 1: Prysmian FY 2024 Integrated Results
PRYSMIAN FY 2024 INTEGRATED RESULTS 27.02.2025
Slide 2: Highlights & Group Overview
FY 2024 INTEGRATED RESULTS HIGHLIGHTS & GROUP OVERVIEW
Slide 3: 2024 Key Highlights
2024 KEY HIGHLIGHTS Solid Margin Expansion Growth Acceleration Excellent Cash Generation Adj. EBITDA FCF Org. Growth in Q4 Adj. EBITDA margin FCF yield OUTSTANDING RESULTS SUSTAINED BY SOLID MARKET TRENDS 3
Slide 4: 2024 Key Highlights: Sustainability also sustaining results improvement
2024 KEY HIGHLIGHTS Sustainability also sustaining results improvement Adj. EBITDA Free Cash Flow CONSISTENT IMPROVEMENT OVER TIME €M €M 800 +18.4% +40% QTR Adj. Ebitda €M FY Adj. Ebitda margin 1,927 1,011 1,628 700 11.3% 724 10.6% 600 9.3% 518 10.6% 11.3% 500 7.7% 2023 2024 2023 2024 400 GHG emissi
Slide 5: Transmission: Outstanding Performance, Growth Acceleration in Q4
TRANSMISSION OUTSTANDING PERFORMANCE, GROWTH ACCELERATION IN Q4 Smooth execution, better mix and long visibility (approx. 17 €Bn Backlog) Q4 RESULTS FY RESULTS SALES ADJUSTED EBITDA 2,122 2,481 SALES Org. Growth Adj. Ebitda 14.0% 15.0% margin Org. Growth 12.9% 14.6% ADJ. EBITDA margin 794 119 361 59
Slide 6: Power Grid: Sound Growth and Margin Expansion
POWER GRID SOUND GROWTH AND MARGIN EXPANSION Solid market demand sustaining results Q4 RESULTS FY RESULTS SALES ADJUSTED EBITDA 3,394 3,544 SALES Org. Growth Adj. Ebitda 13.4% 13.5% margin Org. Growth 11.5% 13.4% ADJ. EBITDA margin 864 117 474 770 103 390 ADJ. EBITDA 4Q 2023 4Q 2024 4Q 2023 4Q 2024
Slide 7: Industrial & Construction: Double-Digit Margin and Positive Organic Growth
INDUSTRIAL & CONSTRUCTION DOUBLE-DIGIT MARGIN & POSITIVE ORGANIC GROWTH CONFIRMED IN Q4 Results reflecting Encore Wire consolidation and seasonality as expected Q4 RESULTS FY RESULTS SALES ADJUSTED EBITDA 4,793 6,151 SALES Org. Growth Adj. Ebitda 10.8% 10.2% margin Org. Growth 10.7% 10.1% ADJ. EBITD
Slide 8: Specialties: Q4 Impacted Mainly by Seasonality and Automotive
SPECIALTIES Q4 IMPACTED MAINLY BY SEASONALITY AND AUTOMOTIVE Q4 RESULTS FY RESULTS SALES ADJUSTED EBITDA 3,177 3,052 SALES Org. Growth Adj. Ebitda 9.8% 8.1% margin Org. Growth 10.3% 10.2% ADJ. EBITDA margin 728 732 71 327 310 59 ADJ. EBITDA 4Q 2023 4Q 2024 4Q 2023 4Q 2024 FY 2023 FY 2024 Euro Millio
Slide 9: Digital Solutions: Progressive Recovery as Expected
DIGITAL SOLUTIONS PROGRESSIVE RECOVERY AS EXPECTED Q4 RESULTS FY RESULTS SALES ADJUSTED EBITDA 1,489 1,306 SALES Org. Growth Adj. Ebitda -7.4% 12.5% margin Org. Growth 9.4% 12.4% ADJ. EBITDA margin 321 40 298 161 140 ADJ. EBITDA 4Q 2023 4Q 2024 -22 4Q 2023 4Q 2024 FY 2023 FY 2024 Euro Millions 9
Slide 10: 2024 ESG Highlights
2024 ESG HIGHLIGHTS Committed to deliver while including Encore Wire in the perimeter* 43.1% revenues linked to sustainable products vs 37% in 2023 Circular economy 16.2% recycled content on PE jacket and copper 47.5% of desk workers women hired vs 12.7% in 2023 vs 46% in 2023 -37% reduction of Scop
Slide 11: Financial Results
FY 2024 INTEGRATED RESULTS FINANCIAL RESULTS Pier Francesco Facchini Prysmian CFO
Slide 12: Profit & Loss Statement
PROFIT & LOSS STATEMENT 2024 2023 ADJ. EBITDA BRIDGE SALES 17,026 15,354 YoY organic growth 0.5% Adj.EBITDA 1,927 1,628 % on sales 11.3% 10.6% Q1 Q2 Q3 Q4 FY Adj.EBIT 1,462 1,270 ADJ. EBITDA 2023 427 451 408 342 1,628 % on sales 8.6% 8.3% Transmission 8 26 19 35 88 Adjustments (173) (143) Power Grid
Slide 13: Outstanding Cash Generation
OUTSTANDING CASH GENERATION +1,011 €M Free Cash Flow 4,126 ( 406 ) ( 1,457 ) 197 142 ( 16 ) 202 785 ( 465 ) 4,296 1,188 31-Dec-23 Acquisition Convertible Cash flow WC Net Financial Dividend Dividend IFRS 16, FX, 31-Dec-24 net debt Bonds, Share operations changes Operative Charges received paid Other
Slide 14: Solid Financial Structure
SOLID FINANCIAL STRUCTURE Average debt maturity of 4.3 years (including Revolving Credit Facility) CURRENT FINANCIAL DEBT MATURITY PROFILE (5) €M Bank Bond RCF (undrawn) Fixed/Variable rate composition 2,585 1,000 Fixed ~80% 1,200 Variable ~20% 850 650 198 75 2025 2026 2027 2028 2029 2030 2031 2032
Slide 15: 2025 Outlook & Closing Remarks
FY 2024 INTEGRATED RESULTS 2025 OUTLOOK & CLOSING REMARKS
Slide 16: 2025 Guidance
2025 GUIDANCE ADJ. EBITDA 2,300 2025 TARGET (€M) 2,250 2,350 Mid-point FCF 2025 1,000 TARGET (€M) 950 1,050 Mid-point GHG EMISSIONS Scope 1&2 -38% / -40% 2025 vs. 2019 GHG Emissions Target refers to Prysmian perimeter 16
Slide 17: Capital Markets Day 2025
CAPITAL MARKETS DAY 2025 CMD Presentation March 26th, 2025 New York City Encore Wire Site Visit March 27th, 2025 Mckinney, TX For information, please contact: capitalmarketsday@prysmian.com 17
Slide 18: Closing Remarks
CLOSING REMARKS 1. Excellent performance in INCREASING CASH RETURN TO SHAREHOLDERS Transmission and Power Grid, with Dividend proposal to the next AGM: 0.80 €/share growth acceleration in Q4 +14% 2. Encore wire integration progressing smoothly 0.80 3. Outstanding cash generation at 0.60 0.70 over €1
Slide 19: Appendix
Appendix Oo prysmian 19
Slide 20: Financial Highlights
FINANCIAL HIGHLIGHTS Sales Adj.EBITDA 2024 2023 2024 2023 organic Adj.EBITDA Adj.EBITDA €M €M €M €M growth Margin Margin TRANSMISSION 2,481 18.3% 2,122 361 14.6% 273 12.9% POWER GRID 3,544 3.1% 3,394 474 13.4% 390 11.5% INDUSTRIAL & CONSTRUCTION 6,151 -0.9% 4,793 620 10.1% 514 10.7% SPECIALTIES 3,05
Slide 21: Sales at Standard Metal Prices
SALES AT STANDARD METAL PRICES Sales current Sales Standard Sales Adj. Ebitda Adj. Ebitda Sales Adj. Ebitda Adj. Ebitda €M €M margin €M €M margin TRANSMISSION 2,481 361 14.6% 2,495 361 14.5% POWER GRID 3,544 474 13.4% 3,154 474 15.0% ELECTRIFICATION 9,695 931 9.6% 8,008 931 11.6% 2024 I&C 6,151 620
Slide 22: Prysmian at a Glance: 2024 Financial Results
PRYSMIAN AT GLANCE 2024 financial results SALES BREAKDOWN BY BUSINESS SALES BREAKDOWN BY GEOGRAPHY APAC Digital Solutions €17.0 BN €17.0 BN 6% 8% Latam 9% Industrial & Construction 36% Power Grid 21% Electrification EMEA 57% 49% North Specialties 18% America 36% Other energy 3% Transmission 14% Adj.
Slide 23: Transmission 2024 Sales Breakdown
TRANSMISSION 2024 sales breakdown SALES BREAKDOWN BY BUSINESS SALES BREAKDOWN BY GEOGRAPHY HVDC North America 14% 14% Offshore specialities LATAM 8% 6% Submarine TLC APAC Submarine 0% 2% Energy 72% Network component HV 4% €2.5 BN €2.5 BN EMEA 80% 23
Slide 24: Power Grid 2024 Sales Breakdown
POWER GRID 2024 sales breakdown SALES BREAKDOWN BY BUSINESS SALES BREAKDOWN BY GEOGRAPHY HVAC 16% North America Overhead lines 48% Power 8% EMEA Distribution 73% 40% Network component MV 3% €3.5 BN €3.5 BN APAC 5% LATAM 7% 24
Slide 25: Electrification 2024 Sales Breakdown
ELECTRIFICATION 2024 sales breakdown SALES BREAKDOWN BY BUSINESS SALES BREAKDOWN BY GEOGRAPHY Other energy 5% North America OEM & Renewables 38% EMEA 16% Industrial & 44% Construction Specialties 63% Automotive 6% 32% Elevators 3% Oil & Gas 3% other 4% LatAm €9.7 BN 10% €9.7 BN APAC 8% 25
Slide 26: Digital Solutions 2024 Sales Breakdown
Digital Solutions 2024 sales breakdown SALES BREAKDOWN BY BUSINESS SALES BREAKDOWN BY GEOGRAPHY North America MMS 31% 36% EMEA 54% Telecom Solutions LatAm 59% 5% €1.3 BN Fiber APAC €1.3 BN 5% 10% 26
Slide 27: Profit & Loss Statement
PROFIT & LOSS STATEMENT 2024 2023 Adjustments and non monetary items on EBIT SALES 17,026 15,354 2024 2023 YoY total growth 10.9% Non-recurring Items (11) (9) YoY organic growth 0.5% Adj.EBITDA 1,927 1,628 Restructuring (84) (48) % on sales 11.3% 10.6% Other Non-operating Income / (Expenses) (78) (8
Slide 28: Statement of Financial Position (Balance Sheet)
STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) 31-Dec-24 31 Dec 2023 Net fixed assets 10,097 5,709 of which: goodwill 3,499 1,660 Net working capital 890 518 of which: derivatives assets/(liabilities) 81 (7) of which: Operative Net working capital 809 525 Provisions & deferred taxes (1,084) (734) N
Slide 29: Cash Flow Statement
CASH FLOW STATEMENT 31-Dec-24 31-Dec-23 Adj.EBITDA 1,927 1,628 Adjustments (173) (143) EBITDA 1,754 1,485 Net Change in provisions & others - 82 Share of income from investments in op.activities (41) (33) Cash flow from operations (before WC changes) 1,713 1,534 Working Capital changes 465 197 Divid
Slide 30: Bridge Consolidation Sales
Bridge consolidation sales TRANSMISSION POWER GRID INDUSTRIAL & CONSTRUCTION 105 60 ( 15 ) 1,251 389 ( 17 ) ( 13 ) ( 44 ) 151 Org.growth 2,481 3,394 Org.growth 3,544 Org.growth 6,151 2,122 18.3% 3.1% 4,793 -0.9% 2023 Organic Metal Exchange 2024 2023 Organic Metal Exchange 2024 2023 Organic Metal Exc
Slide 31: Our Sustainability Journey Rooted in the Past
Our sustainability journey rooted in the past BUILDING TOMORROW’S SUSTAINABILITY FIRST INTEGRATED REPORT Optical cable FlexRibbon SBTI APPROVAL 2023 TCFD REPORT 6912 fibers BOARD 2022 SUSTAINABILITY COMMITTEE INCLUSION OF ESG IN 2021 MV P-Laser REMUNERATION • Submarine 525 kV FIRST 2020 • E3X robot
Slide 32: Climate Change Ambition Well on Track
CLIMATE CHANGE AMBITION WELL ON TRACK Confirmed commitment to decarbonization path -21% Prysmian* -28% -37% In line with 1.50C Scope 3 trajectory from -47% approved by SBTi -55-60% well below 20C pathway Carbon emissions reduction (%) Scope 1&2 2024 2030 2035 2050 90% CO2 Net Zero reduction * Encore
Slide 33: A Truly Public Company, Based on Inclusion
A TRULY PUBLIC COMPANY, BASED ON INCLUSION PRYSMIAN SHAREHOLDING STRUCTURE INSTITUTIONAL INVESTORS 3% Employees and Directors 7.5% Retail 3% Treasury shares 43% ESG investors US 31% UK 26% France 12% 86.5% Rest of EU 11% Italy 6% Germany 5% Institutional Investors Switzerland 3% RoW 6% 33
Slide 34: We Innovate to Support Our Customers and Go Beyond the Value Chain
We innovate to support our Sirocco Extreme customers and E3X Robot to go beyond the value chain Circular economy Alesea Megawatt charging solutions Product Supply chain design digitalization Smart accessories PRY-ID All Ground Selection of innovative solutions 34
Slide 35: Sustainability Development Goals
SUSTAINABILITY DEVELOPMENT GOALS 20 40 60 80 100 CCC B BB BBB A AA AAA 20 40 60 80 100 80 A 76 1 2 3 4 5 2 4 6 8 10 10 20 30 40 We are included in 4.0 6.1 16 200 150 100 50 20 40 60 80 100 D- D C- C B- B A- A 66 58 A- 35
Slide 36: Notes
Notes 1) FCF excluding Acquisitions & Disposals and Antitrust impact; 2) Adjusted EBITDA: EBITDA excluding restructuring, non-operating income/expenses and non-recurring income / expenses 3) Slide 3: FCF Yield = FCF / average market cap 2024 4) Slide 4: GHG emission reduction is calculated excluding
Slide 37: Disclaimer
Disclaimer ▪ The managers responsible for preparing the looking statements. This document does not company's financial reports, A.Brunetti and represent investment advice or a recommendation S.Invernici, declare, pursuant to paragraph 2 of for the purchase or sale of financial products and/or Articl
Slide 38: Thank You
THANK YOU The planet’s pathways