Marzocchi Pompe S.p.a. · MIL:MARP
Marzocchi Pompe — H1 2025 Earnings Presentation
47 slides from Marzocchi Pompe's earnings presentation, Sep 30, 2025
Slide 1: First Half 2025 Results Presentation
FIRST HALF 2025 RESULTS PRESENTATION 30 September 2025
Slide 2: Disclaimer
Disclaimer Privacy The document, drafted by the management of Marzocchi Pompe S.p.A., is strictly confidential, therefore none of its contents may be shared with third parties or used for purposes different from those specified in it. Furthermore, this Document shall not be copied or reproduced with
Slide 3: Agenda
Agenda ❑ Company at a Glance ❑ 1H 2025 Results & Outlook ❑ Achievements ❑ Sustainability ❑ Appendix ▪ Market & Competitive Positioning ▪ Business Overview ▪ Financials 3
Slide 4: Marzocchi Pompe at a glance: world leader in top-performing products
Marzocchi Pompe at a glance: world leader in top-performing products Marzocchi Pompe is a leading world player in the design, production and marketing of high-performance external gear pumps and Company motors, which are used in sectors like: industrial (textile machines, machine tools, plastic inje
Slide 5: Shareholders & Management: full alignment of interest
Shareholders & Management: full alignment of interest TOP MANAGEMENT BOARD OF DIRECTORS SHAREHOLDERS Paolo MARZOCCHI Paolo MARZOCCHI Main Shareholder, Executive Chairman Executive Chairman Free Float 26.65% Carlo MARZOCCHI TABACCHI Deputy Chairman Gabriele BONFIGLIOLI CEO Franco ROSSI Treasury Share
Slide 6: 1H 2025 Results
==> _|MARZOCCHIPOMPE Sion assure conn runes 1H 2025 Results
Slide 7: 1H 2025: Marzocchi is able to compete in very challenging markets
1H 2025: Marzocchi is able to compete in very challenging markets MARKET SCENARIO MARZOCCHI POMPE ANSWER • SLUGGISH GLOBAL ECONOMY • New product launches i.e. ELIKA Actions Modular Pumps and Motors • Customers’ need for Competitive • Focus on Co-Design with customers & Customized products • Scouting
Slide 8: 1H 2025 Results: Flexibility and Investments are crucial to compete
1H 2025 Results: Flexibility and Investments are crucial to compete ➢ NET SALES AT € 18.6 M, -15.7% on 1H 2024, IN LINE WITH INDUSTRY TREND • THE CORE BUSINESS SALES WERE € 16.0 M IN 1H 2025, DOWN 13.2% Y-O-Y, HOWEVER SHOWING A 3.2% INCREASE ON 2H 2024 • THE AUTOMOTIVE SALES AT € 2.5 M, -28.4%, WERE
Slide 9: Revenues at € 18.6 m, EBITDA Adj. margin at 10.5%
Revenues at € 18.6 m, EBITDA Adj. margin at 10.5% Sales Revenue and EBITDA Adjusted * (€m) • Sales revenue at € 18.6 million, -15.7% vs. 1H 2024, were in line with the industry slowdown 25.0 • Core Business sales were € 16.0 million (- 22.0 13.2%), while increasing by +3.2% on 2H 2024 20.0 18.6 • Au
Slide 10: Core Business at 86.4% of revenues, Italy at 31.5%
Core Business at 86.4% of revenues, Italy at 31.5% Revenue Breakdown • Revenues by Core market segments (Sales Network, Industrial and Mobile) increased to 86.4% of Total Sales (vs. 83.9% in 1H 2024) 27.7% 30.6% Core Business • Conversely, weight of Automotive sales 34.9% decreased to 13.6% (from 16
Slide 11: Profitability hit by Extra Provisions for Layoffs
Profitability hit by Extra Provisions for Layoffs (on a voluntary basis) EBIT Adjusted and Net Result (€m) 2 • EBIT Adjusted, calculated net of 1.8 revaluation depreciation and amortisation 1.5 1,3 resulting from the merger from LBO in 2018, 0,9 fell to € 0.9 million, half of that in June 2024, 1 du
Slide 12: Rock Solid Net Financial Position allows to Invest for future Growth
Rock Solid Net Financial Position allows to Invest for future Growth Adjusted Net Financial Position Evolution (€m) • Adjusted Net Financial Position amounted 3.0 to € 7,7 million at June 2025 vs. € 5.8 2.2 1.2 million at end-2024 1.0 • Adjusted NFP is net of € 3.7 million of (1.0) (0.8) three- and
Slide 13: Achievements
Achievements
Slide 14: ELIKA Modular, New Motors boost Marzocchi top-performing products
ELIKA “Modular”, New Motors boost Marzocchi top-performing products ➢ IN 2019 THE NEW ELIKA DEPARTMENT WAS COMPLETED THROUGH AN INVESTMENT OF MORE THAN 1 MILLION €S IN THE PRODUCTION SITE OF CASALECCHIO (BO) ➢ COVERED BY TWO PATENTS, ELIKA IS MARZOCCHI POMPE FLAGSHIP PRODUCT CHARACTERIZED BY LOW NOI
Slide 15: New Warehouse, New Lines in Zola Predosa to improve productivity
New Warehouse, New Lines in Zola Predosa to improve productivity ENLARGEMENT & RATIONALIZATION OF PRODUCTION CAPACITY AND LOGISTICS IN ZOLA PREDOSA PLANT ➢ IN OCTOBER 2022 MARZOCCHI POMPE PURCHASED AN INDUSTRIAL PROPERTY OF APPROX. 4,800 SQUARE METRES (1,800 COVERED), NEXT TO THE ZOLA PREDOSA PLANT
Slide 16: New Plant with Photovoltaic Panels to combine ESG with cost savings
New Plant with Photovoltaic Panels to combine ESG with cost savings INSTALLATION OF PHOTOVOLTAIC PANELS ON THE ZOLA PREDOSA PLANT TO ENHANCE MARZOCCHI’S “GREEN” VOCATION AT THE SAME TIME REDUCING CONSISTENLY ENERGY COSTS ➢ IN OCTOBER 2024 MARZOCCHI POMPE COMPLETED THE INSTALLATION OF PHOTOVOLTAIC SY
Slide 17: Marzocchi joins Global Events – 2025
Marzocchi joins Global Events – 2025: A good mix of Traditional and New ✓ AGRITEK KAZAKHSTAN ASTANA – 12.03.2025 Agricultural Exhibition- Main Hall, Booth 717 NEW BAUMA MUENCHEN – 07.04.2025 Mobile Exhibition – Hall A4, Booth 414 IVT OFF-HIGHWAY EXPO CHICAGO– 20.08.2025 NEW Mobile Exhibition – Main
Slide 18: 2024 – Efforts to explore New Markets, aside traditional industries
2024 – Efforts to explore New Markets, aside traditional industries 2024 Leitmotiv: by land, sea and sky and brand new experiences ✓ AERO EXPO FRIEDRICHSHAFEN– 17.04.2024 NEW Aerospace Exhibition - Hall B3, Booth 110 ✓ SMM BOAT SHOW HAMBURG – 03.09.2024 NEW Marine Exhibition – Hall B3.OG, Booth 237
Slide 19: 2023 - Present to world leading exhibitions
2023 - Present to world leading exhibitions (taking place every 2 years) ✓ Bauma ConExpo India – 31.01.2023 NEW Mobile Exhibition - Hall 10, Booth L102 ✓ IFPE ConExpo Las Vegas – 13.03.2023 World Mobile Exhibition – South Hall, Booth 81745 ✓ Hannover Messe – 17.04.2023 World Fluid Power Exhibition –
Slide 20: 1H 2025 Highlights & Outlook
1H 2025 Highlights & Outlook ➢ THE FIRST HALF OF 2025 PROVED TO BE VERY CHALLENGING FOR THE MANUFACTURING SECTOR, WITH THE PERSISTENCE OF DIFFICULTIES RELATED TO GEOPOLITICAL EVENTS, RISING ENERGY COSTS AND A SLOWDOWN IN GLOBAL INVESTMENT. MOREOVER, UNCERTAINTIES ARISING FROM INTERNATIONAL TRADE POL
Slide 21: Sustainability
Sustainability
Slide 22: ESG Achievements: Strong commitment towards Sustainability (1/2)
ESG Achievements: Strong commitment towards Sustainability (1/2) • First Sustainability Report in 2024 – Marzocchi has carried out an in-depth process of analysis that led to publication in May 2025 of its first Sustainability Report, prepared on a voluntary basis according to the criteria of the Eu
Slide 23: ESG Achievements: Strong commitment towards Sustainability (2/2)
ESG Achievements: Strong commitment towards Sustainability (2/2) New «Green» Projects • Treedom Forest – In February 2023 Marzocchi launched the creation of the “Marzocchi Pompe Forest”, giving away the first 300 trees to its employees • This project will not only bring a contribution to carbon diox
Slide 24: New Security Operation Center
New Security Operation Center • In March 2022 Marzocchi Pompe, in partnership with Yarix, finalized a C SOC + Cynet project • Marzocchi’s Cognitive Security Information Center C SOC will operate the: o H24x7x365 monitoring of company networks o Physical and Biometric Security of last generation • Cy
Slide 25: Appendix: Market & Competitive Positioning
Appendix • Market & Competitive Positioning
Slide 26: Fluid Power market and growth forecasts
Fluid Power market and growth forecasts The Fluid Power market is made up by the hydraulic segment and the pneumatic segment. In Asia, Europe and USA the Fluid Power home1 market went from € 25.7 billion in 2000, to € 41.5 billion in 2020 and to 47.3 billion in 2021 of which € 34.2 billion (72%) ste
Slide 27: Focus on hydraulic pumps' market
Focus on hydraulic pumps’ market Within the Hydraulic home1 market, the pumps’ segment is estimated by ISC to be around 5.7 billion (17%) in 2021 (Vs € 4.9 billion in 2020), of which € 3.7 billion (11%) coming from the reciprocating pumps’ segment (axial and radial piston pumps) and € 2 billion (6%)
Slide 28: Competitive positioning
Competitive positioning Characteristic Quality & Customer Gear Pumps Fluid Power Competitiveness Quality Range Customization vs Price vs Price Company Performance service Range Marzocchi Pompe Bosch Rexroth Bucher Casappa Concentric Galtech/Interpump Hema / DB HPI / JTech Parker Roquet Salami Turoll
Slide 29: Product Quality & Performance
Leadership in external gear pumps market + Product Quality & Performance Source: Marzocchi Pompe SpA management estimates - - Product Customization/ Customer service + 29
Slide 30: Appendix: Business Overview
Appendix • Business Overview
Slide 31: MP core business: manufacturing of external gear pumps and motors
MP core business: manufacturing of external gear pumps and motors • The pumps have the function of transferring the fluid from a tank to an actuator within an oil-hydraulic circuit. (for example, a cylinder that drives the shovel of an excavator). This transfer from the suction circuit to the delive
Slide 32: Overview of pump composition and application examples
Overview of pump composition and application examples The pumps are composed of the following main parts: body, flange, cover and bushings in aluminium, and gears (driving and driven wheel) in steel. For some types of products, the flange and the cover can be made out of cast iron. Further component
Slide 33: Product applications
Product applications Medical equipment Gardening machines Actuators for surgical tables, diagnostic equipment, latest- In this type of application it is essential that oil-hydraulic generation stretchers, dental chairs: in general, for small pumps and motors guarantee the complete absence of medical
Slide 34: Technological innovation and quality standards
Technological innovation and quality standards The Group's business model is focused on the design, production and marketing of high-performance external gear pumps and motors. The Company manufactures almost all the main components within its own production sites and uses the historical brand “Marz
Slide 35: Target markets
Target markets Core market revenues include Industrial and Mobile machines applications and represent 85% of total 2024 revenues, including sales to distributors/sales network, which alone contribute to 36.2% of MP’s total sales(*) FLUID POWER Core Automotive Industrial Mobile Machines Possible appl
Slide 36: Main client composition
Main client composition • The company benefits from a diversified client base for the Industrial and Mobile machine sectors, having their top 3 clients making up only 8.5% of sales and the top 10 representing 22.0%. The Automotive sector, on the other hand, has fewer clients making up for most of it
Slide 37: Global distribution network
Global distribution network Marzocchi Pompe relies on an international distribution network present in over 50 countries. Products are distributed through various channels, such as direct sales, distributors, sales1, American branch operations and Chinese branch operations Distribution network’s hig
Slide 38: Investment highlights
Investment highlights • The Hydraulic market is large, estimated to be around 10.3 billion in 2021 in Europe (Source: CETOP) and € Large target market 1.6 billion in 2021 in Italy (Source: Assofluid) experiencing growth • Evidence of upward trend of Italian hydraulic market in the 2009-2018 period,
Slide 39: Organizational structure and production sites
Organizational structure and production sites • Marzocchi Pompe can count on a team of professionals with consolidated experience. As of 30th of June 2025 the workforce consists of 246 resources, with an heterogeneous background of professional skills that strengthens the efficiency of the work team
Slide 40: History
History Main operative milestones Start-up of large-scale production On 16th July 2019 In November 2020, Construction of a of the Elika pump, an innovative listing on the AIM set-up of the joint- production unit in product with low noise and high market, opening the venture "Marzocchi Ostellato (FE)
Slide 41: Appendix: Financials
Appendix • Financials
Slide 42: Consolidated Profit & Loss
Consolidated Profit & Loss Euro 000 30 June 25 30 June 24 Revenue from sales 18,570 22,017 100% 100% Changes in WIP 1,127 58 Other revenue 284 412 VALUE OF PRODUCTION 19,981 22,487 Consumption of raw materials (4,352) (22.1%) (4,998) (22.6%) Service costs (5,735) (29.1%) (5,853) (26.5%) Rentals and
Slide 43: Consolidated Balance Sheet
Consolidated Balance Sheet Euro 000 30 June 25 31 December 24 A) NET FIXED ASSETS 18,016 17,407 Intangible fixed assets 541 592 Tangible fixed assets 16,765 15,982 Financial fixed assets 710 833 B) NET WORKING CAPITAL 15,164 16,984 Inventory 11,462 9,963 Assets held for sale 0 0 Customer advances (1
Slide 44: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement 31 December €/000 30 June 25 24 30 June 24 EBIT (489) 968 1,776 Tax effect 200 (78) (108) Change in provisions 818 57 (62) Amortization, depreciation and write-downs 1,148 2,667 1,455 Cash flow from earnings 1,677 3,614 3,061 Changes in working capital Inventory (1,4
Slide 45: Focus on family and management Buy-out
Focus on family and management Buy-out During 2018 the company underwent a restructuring procedure that modified the shareholding structure. As of today, the company is owned by Paolo Marzocchi. The operation was completed through the creation of a financial debt with Banca di Bologna, which allowed
Slide 46: Disclaimer
Disclaimer Privacy The document, drafted by the management of Marzocchi Pompe S.p.A., is strictly confidential, therefore none of its contents may be shared with third parties or used for purposes different from those specified in it. Furthermore, this Document shall not be copied or reproduced with
Slide 47: Contacts
CONTACTS Marzocchi Pompe S.p.A. ir@marzocchipompe.com Integrae SIM S.p.A. – Euronext Growth Advisor Francesco D’Antonio francesco.dantonio@integraesim.it Dario Gancitano dario.gancitano@integraesim.it Beatrice Bussoli beatrice.bussoli@integraesim.it CDR Communication - Investor & Media Relations Pao