Slide 1: Q1.2026 Results
Q1.2026 RESULTS Grassobbio, May 8th, 2026 1
Slide 2: Q1.2026 Results
Q1.2026 RESULTS HIGHLIGHTS, GROUP FINANCIALS & KEY METRICS 2026 GUIDELINES ANNEX
Slide 3: Highlights, Financials & Key Metrics
HIGHLIGHTS, FINANCIALS & KEY METRICS
Slide 4: Q1.2026 Highlights
Q1.2026 HIGHLIGHTS WHAT WORKED WELL WHERE WE ARE ▪ Revenues up 7,4% vs. Q1.2025, driven by Energy, with Stringing accelerating both in MAKING PROGRESS volumes and margins WHAT COULD ▪ EBITDA +6,4% vs. Q1.2025 with an EBITDA HAVE WORKED BETTER ▪ Profit before taxes 1,9€M against -0,7€M margin at 15,3
Slide 5: Profit & Loss Statement
Q1.2026 PROFIT&LOSS STATEMENT (€M) PROFIT & LOSS (€M) Q1.2025 Q1.2026 Δ Δ% ▪ REVENUES increasing by 7,4%, driven by the growth of the REVENUES 61,4 65,9 4,6 +7,4% Energy segment, while the Rail division does not yet fully reflect the contribution from recently awarded tenders. The EBITDA 9,5 10,1 0,
Slide 6: Statement of Financial Position
Q1.2026 STATEMENT OF FINANCIAL POSITION (€M) Mar.31, Dec.31, Mar.31, Δ Mar.31, 2026 vs Δ Mar.31, 2026 vs €M 2025 2025 2026 Mar.31, 2025 Dec.31, 2025 NET WORKING CAPITAL 103,0 71,8 70,0 (33,0) (1,8) ▪ NET INVESTED CAPITAL decreasing by 2,3€M vs. Dec-2025, driven by: FIXED ASSETS 105,2 116,8 116,4 11,
Slide 7: Net Financial Position Evolution
Q1.2026 NET FINANCIAL POSITION EVOLUTION (€M) 130,4 27,6 4,9 1,8 1,0 26,1 126,0 102,8 4,1 0,7 99,9 Dec. 31,2025 IFRS16 Net debt OCF NWC CAPEX FLEET EQUITY ADJ.* Net debt IFRS16 Mar. 31,2026 31/12/2025 EXCLUDING 31/03/2026 FLEET €M Mar. 31, 2025 Dec.31,2025 Mar. 31, 2026 INVENTORIES 94,2 87,7 95,7 WO
Slide 8: Trenchers: Q1.2026 Facts & Figures
TRENCHERS: Q1.2026 FACTS & FIGURES (€M) KEY FACTS 31,8 29,5 ▪ Trencher entering a gradual recovery phase, supported by broader market diversification, higher production volumes and new order intake, after the challenges 5,5 3,5 experienced in 2025 17,2% 11,8% ▪ Sustainable growth strategy is driven
Slide 9: Rail: Q1.2026 Facts & Figures
RAIL: Q1.2026 FACTS & FIGURES (€M) KEY FACTS Internationalization path 10,0 ▪ €71M award in Slovenia confirms the Group’s 9,6 expertise and track record in complex railway projects ▪ Bulgaria: advanced completion of the supply to NRIC, with strong customer satisfaction 0,9 0,7 ▪ Advancement in certi
Slide 10: Energy: Q1.2026 Facts & Figures
ENERGY: Q1.2026 FACTS & FIGURES (€M) KEY FACTS 26,4 STRINGING 20,0 ▪ Continued growth supported by a favorable investment 5,9 environment, with solid demand and visibility, with backlog 3,2 22,4% 15,8% increased to ca. 54€M vs. 31€M in Q1.2025 ▪ Supportive U.S. market confirmed by the solid performa
Slide 11: 2026 Guidelines
2026 GUIDELINES yr TESMEC
Slide 12: 2021-2025 Equity Story and 2026 Outlook
2021-2025* EQUITY STORY and 2026 OUTLOOK ▪ THE GEOPOLITICAL CONTEXT, TOGETHER WITH INFLATIONARY ▪ 2026 EXPECTATION: GROWTH IN THE MAIN ECONOMIC PRESSURES, LOGISTICAL AND TARIFF DYNAMICS, CONTINUE TO INDICATORS VS. FY.2025 AND FURTHER REDUCTION IN NET LIMIT VISIBILITY. TESMEC MAINTAINS A PRUDENT STAN
Slide 13: Building a Sustainable, High-Value Business Model
TECHNOLOGY, MARKETS AND BUSINESS MODEL BUILDING A INNOVATION FOR STRATEGIC SELECTIVE MARKET ENHANCED BUSINESS INFRASTRUCTURES EXPANSION MODEL SUSTAINABLE, DIGITALIZATION, ENERGY PREMIUM MARKET FOCUS AND SERVICE AS A DRIVER OF HIGH-VALUE TRANSITION, SUSTAINABILITY AND SAFETY STRATEGIC SUBSIDIARY INTE
Slide 14: Annex
ANNEX TESMEC
Slide 15: 1Q Highlights
Q1.2026 HIGHLIGHTS 1Q 2025 HIGHLIGHTS HIGH SPEED LINE- Egypt Commissioning of a Vehicle Set Strong upward trend in the pipeline sector throughout the Americas, including both the New EVO range launched for wiches and machines models Workshop session focused on recent European blackouts and how Tesme
Slide 16: EBITDA Trend by BU
Q1.2026 EBITDA TREND BY BU (€M) 2,7 (0,2) (2,0) Mix not reflecting contribution of Volumes and Lower 10,1 9,5 newly awarded volumes and marginality contracts unfavorable growth for both 12,1 mix vs. segments, with Q1.2025 Stringing 9,5 10,1 significative acceleration Q1.2025 Energy Railway Trencher
Slide 17: Q1.2026 KPI
Q1.2026 KPI BACKLOG MARKETS RECURRING BUSINESS • Long- term backlog in Automation and Rail • Recurring: Rental, Projects, Spare Parts, Services (maintenance, revamping & refurbishing, consulting & training), LT backlog; • Non-recurring: Sales of goods Africa; 10% Europe; 19% Middle Rail East; 10% En
Slide 18: Summary
Q1.2026 SUMMARY (€M) PROFIT & LOSS Q1.2026 Q1.2025 BALANCE SHEET (€ Mln) Mar.31,2026 Dec.31, 2025 NET REVENUES 65,9 61,4 Inventory 95,7 87,7 Work in progress contracts 11,9 34,3 Raw materials costs (-) (31,4) (28,6) Cost for services (-) (11,9) (11,0) Accounts receivable 80,0 61,1 Personnel Costs (-
Slide 19: Results Conference Call
Q1.2026 RESULTS CONFERENCE CALL Friday 8th May, 2026 2.30 PM CET Diamond Pass Registration ir@tesmec.com Investors | Tesmec 2026 FINANCIAL CALENDAR ▪ 5 August 2026 Approval of the Company’s Half-Year Report as of 30th June 2026 ▪ 6 November 2026 Approval of the Company’s Quarterly Report as of 30th
Slide 20: Disclaimer
DISCLAIMER This presentation has been prepared by Tesmec S.p.A. (“Tesmec”, the “Company” or the “Group”). As used herein, “Presentation” means this document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during the presentation. The
Slide 21: Tesmec
TESMEC 21