Slide 1: 9M 2024 Results Presentation
FINCANTIERI www.fincantieri.com 9M"2 esults Presentation November 14, 2024
Slide 2: Agenda
Slide 3: Executive Summary: 9M 2024 highlights
Executive Summary 9M 2024 highlights FINCANTIER! Revenues EBITDA Order intake NFP +19.0% 328 5,383 5,583 8,504 276 oon 2,440 4,040 Pore 2,271 _ 1381 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 FY 2023 9M 2024 Solid top line growth with revenues at € 5,583 mln, up by 3.7% vs 9M 2023 Strong EBITDA
Slide 4: Agenda
Slide 5: 9M 2024 financial results
9M 2024 Group Performance FINCANTIERI 9M 2074 financial results 9M 2024 +3.7% vs 9M 2023 Revenues € 5 ’ 583 m | N swith an acceleration expected in Q4 2024, in line with FY guidance EBITDA € 328 min +19.0% vs 9m 2023 EBITDA margin 5.9% +80 bps vs 9m 2023 . : “ge Excluding effect of rights issue Net
Slide 6: 9M 2024 key commercial highlights
9M 2024 Group Performance FINCANTIERI 9M 2024 key commercial highlights 9M 2024 . 1 More than double 9M 2023 Order intake € 8.5 bn Book-to-bill 1.5x Backlog? € 26.4 bn +14.3% vs FY 2023 Total backlog? € 40.1 bn 5.2xX FY 2023 revenues
Slide 7: Excluding temporary effect of capital increase
excluding temporary effect of capital increase (3.7-4.2x including rights issue)
Slide 8: Strong commercial pipeline driving order intake
9M 2024 Group Performance Strong commercial pipeline driving order intake Cruise LNG-powered mega-cruise ships FREMM EVO frigates = Three new mega-cruise ships for the Carnival Cruise Line brand = The value of the agreement is subject to financing finalization and other typical terms and conditions
Slide 9: Strong order book with visibility up to 2032 and beyond
9M 2024 Group Performance FINCANTIERI Strong order book with visibility up to 2032 and beyond Backlog Total backlog! of € 40.1 bn, equal to 5.2x FY 2023 revenues? Soft backlog at € 13.7 bn, further supporting the commercial pipeline Shipbuilding — Cruise Shipbuilding — Naval Offshore and Specialized
Slide 10: Agenda
Slide 11: Order intake doubles vs 2023, book to bill at 1.5x
Financial Results FINCANTIERI Order intake doubles vs 2023, with a book to bill at 1.5x Order intake breakdown by segment (€ mind . : : : " pocceeeeeeee poses eens = Order intake at € 8.5 bn with strong contribution from Shipbuilding, Book-to-bil! =} 08x tbo excluding the PPA order from Indonesia no
Slide 12: Record total backlog of €40.1bn
Financial Results FINCANTIERI Record total backlog of €40.1bn, 5.2x FY 2023 revenues Total backlog! breakdown by segment (€ min) pocssssscna : pocccsssccat 1 4x t | 82x | = Total backlog at € 40.1 bn, approximately 5.2 times FY 2023 revenues = Backlog at € 26.4 bn (€ 23.1 bn as of December 31, 2023)
Slide 13: Revenues at € 5.6 bn, driven by Offshore and ESI
Financial Results FINCANTIER! Revenues at € 5.6 bn, driven by Offshore and ESI Revenues breakdown by segment! Emin) Hictuise Bi Naval Ship Interiors Hl Offshore and Specialized vessels HB Equipment, Systems and Infrastructure Eliminations 5,383 5,583 70 43 38 1,328 Shipbuilding} 4,354| Shipbuilding}
Slide 14: EBITDA up 19% YoY, margin at 5.9%
Financial Results FINCANTIERI EBITDA up 19% YoY to € 328 min, margin at 5.9% (+80bps), thanks to the outperformance of Offshore and ESI EBITDA breakdown by segment! (€ min) Mishipbuitding Wotishore and Specialized vessels PSA Shipbuilding EBITDA at € 257 min, with improving EBITDA HB Equipment, Syst
Slide 15: Deleveraging path continues ahead of plan
Financial Results FINCANTIERI Deleveraging path continues ahead of plan Net working capital! breakdown Net financial position? (Emin (Emin) 9M 2023 FY 2023 9M 2024 9M 2023 FY 2023 9M 2024 = Net financial position at negative € 2,440 min, as a result of production and _ delivery 67 schedule, excludin
Slide 16: Agenda
Slide 17: Market Trends
Market Trends Strengthened orders in all sectors underpinned by supportive macro trends, better than Business Plan’s assumption FINCANTIER! The first 9M 2024 showed a robust demand for cruise ships, affecting all segments from luxury to mainstream large ships: for ships over 10,000 gross tonnage, or
Slide 18: Underwater key technologies development
Market Trends FINCANTIERI Fincantieri is further developing its Underwater key technologies also leveraging PNS tenders and EDF calls. UAS closing beginning 2025 EDF! Autonomous Heavy Minesw. System Key technologies involved Decision LARS? making system Key technologies involved LARS3 PNS? Energy ha
Slide 19: Agenda
Slide 20: Concluding Remarks
Concluding Remarks FINCANTIERI Concluding remarks Continued delivery on the Business Plan with solid top line visibility and profitability growth Uniquely positioned investment story, underpinned by clear strategic initiatives, to deliver long-term growth, improved margin and increasing cash flows S
Slide 21: Q&A
Slide 22: Investor Relations contacts
9M 2024 Results Investor Relations contacts INSTITUTIONAL INVESTORS investor.relations@fincantieri.it INDIVIDUAL SHAREHOLDERS azionisti.individuali@fincantieri.it FINCANTIER!
Slide 23: Appendix
Slide 24: Business Plan revenues and targets
Appendix FINCANTIER! Business Plan revenues at c. € 10 bn in 2027, not including the strategic M&A initiatives’ contribution ACTU REVISED BUSINESS PLAN FY 2019! FY 2022 FY 2023 FY 2024 FY 2025 FY 2027 Revenues (€) 5.8 bn 7.4 bn 7.7 bn >8.0bn @ ~ 8.8 bn ~ 9.8 bn EBITDA margin 5.5% 3.0%? 5.2% ~6.0% v
Slide 25: Focus on Shipbuilding
Appendix FINCANTIERI Focus on Shipbuilding Orders, backlog and deliveries Revenues EBITDA Capex (Emin) (€ min) (€ min) " Orders: € 6,997 min (€ 2,752 min in 9M 2023) 4,354 4,124 = Backlog: € 22,035 min (€ 18,908 : ini mi n in FY 2023) 1,421 eos = Deliveries: 43 = «Sun Princess» for Princess Cruises
Slide 26: Focus on Offshore and Specialized vessels
Appendix Focus on Offshore and Specialized vessels Orders, backlog and deliveries Revenues EBITDA Capex FINCANTIER! (Emin) = Orders: € 1,139 min (€ 887 min in 9M 2023) = Backlog: € 2,117 min (€ 1,866 min in FY 2023) = Deliveries: = One Marine Robotic Unit for Ocean Infinity (€ min) = (€ min) 917 45
Slide 27: Focus on Equipment, Systems and Infrastructure
Appendix Focus on Equipment, Systems and Infrastructure FINCANTIER! Orders, backlog and deliveries Revenues EBITDA Capex - Emin Emin) _ Emin) * Orders: € 843 mln (€ 667 in 9M (61%) 2023) 81%) = Backlog: € 2,787 min (€ 2,688 n FY 2023) 1,038 5 70; 63 ’ 2.7% 789 Cm) 20 19 21 9M 2023 9M 2024 9M 2023 9M
Slide 28: Innovation Inclusion Integrity
Innovation Inclusion Integrity
Slide 29: Safe harbour statement
Appendix FINCANTIERI Safe harbour statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," inte
Slide 30: FINCANTIERI
FINCANTIERI