Slide 1: Allcore
SS Allcore
Slide 2: Investors Presentation May 2025
Investors Presentation May 2025 2
Slide 3: Gianluca Massini Rosati
Gianluca Massini Rosati Founder Chairman – Allcore SpA Started Allcore in 2016 Serial entrepreneur 3
Slide 4: At a glance
At a glance 4
Slide 5: A growing one-stop-shop for Italian SMEs & micro enterprises
A GROWING ONE-STOP-SHOP FOR ITALIAN SMES & MICRO ENTERPRISES 5
Slide 6: Allcore SpA VoP (EU mn) FY16-FY24
ALLCORE SPA VOP (EU MN) FY16-FY24 45,8 41,1 3% 36,1 3% Allcore Spa VoP (Eu mn) FY16-FY24 +37% 2% VoP CAGR FY18-24 27,5 3% 19,3 5% 13,3 4% 7,3 76% 2,4 0,1 FY16A FY17A FY18A FY19A FY20A FY21A FY22A FY23A FY24 6
Slide 7: Highlights FY 2024
Highlights FY 2024 7
Slide 8: Revenue FY 2024
REVENUE FY 2024 BU Credit BU Community BU BU Tax and BU Artificial brokerage and membership BU Strategic Debt BU Group legal BU Real Euro/000 Intelligence subsidized and working consulting and collection and Instant consulting Estate finance space recruitment Business Buyer management information Vd
Slide 9: Laying on a cash generative and solid business
…LAYING ON A CASH GENERATIVE AND SOLID BUSINESS Commercial Working Capital Net Working Capital Revenue (FY22 - FY24) evolution (DSOs e DPOs) evolution EBITDA (FY22 - FY24) VoP Net Profit (FY22 - FY24) 9
Slide 10: PFN vs Cash Flow: Analyses
PFN VS CASH FLOW: ANALYSES Net debt (Eu mn) Cash Flow Statements Description FY24 FY23 Net Income 1.7 1.5 Depreciation and amortization 1.7 1.0 Taxes (1.0) (0.7) Other funds 0.4 (0.7) NWC (2.3) (0.6) Net Cash Flow Operations 0.5 0.5 Capital Expenditures (Property, 1.3 (0.7) Plant and Equipment) Paym
Slide 11: A look into the future: The 3 pillars
A look into the future: The 3 pillars 11
Slide 12: 1. Allcore Professional Network & Partnership
1. ALLCORE PROFESSIONAL NETWORK & PARTNERSHIP Preliminary Market Test Results 2024 Preliminary Partners - 5 Market Test Opportunity - 19 First Presentation Results Second Presentation Results 11 Feb 2025 06 May 2025 Contracts - 17 Conference attendees - 23 Conference attendees - 27 Conversion rate -
Slide 13: 2. Yuxme & Artificial Intelligence
2. YUXME & ARTIFICIAL INTELLIGENCE 13
Slide 14: 2. Yuxme & Artificial Intelligence
2. YUXME & ARTIFICIAL INTELLIGENCE Internal KPI Bookkeeping Clients: +1.700 Clients’ Acquisition Channels AI Automatic Reconciliation: Soluzione Tasse 53,4% Customer Satisfaction > 8/10: Allcore Professional Network 97,1% Direct Sales Team Churn Rate: 1,2% Accounts Completed by 31st March 2025: 97,3
Slide 15: 3. Small Business Accelerator
3. SMALL BUSINESS ACCELERATOR 1H 2027 Convertible Bond: 10 ml Revenue target FY27: 37 ml FY 2025 2° Year Target Revenue: 13 ml EBITDA: 2 ml 2H2028 FY2024 IPO 1° Year Result: Revenue: 7 ml EBITDA: 1 ml 1H 2026 Convertible Bond: 10 ml Revenue target FY26: 25 ml 1H 2025 FY2023 Carve Out: Starting Point
Slide 16: Appendix
Appendix 16
Slide 17: Shareholding Structure
SHAREHOLDING STRUCTURE Dolphin S.r.l. Smartmistake S.r.l. Market Owned Stock Other Shareholders 59,95% 6,67% 31,89% 0,53% 0,96% Allcore S.p.A. RSM S.r.l. C.S. € 300.263 12,24%* 100,00% 90,90% 97,70% 98,81% 100,00% 51,00% Soluzione Meeting Finera S.r.l. Yuxme S.r.l. ST Consulting S.a.s. Amyralia S.r.
Slide 18: Organization Chart
ORGANIZATION CHART Allcore S.p.A. Strategic Software Credit brokerage Commercial Community membership consulting, development Tax and legal consulting and subsidized Information & and working space training & and sale under finance Debt collection management recruitment concessions Amyralia S.r.l. S
Slide 19: Organization Chart
ORGANIZATION CHART Allcore S.p.A. Strategic Software Credit brokerage Commercial Community membership consulting, development Tax and legal consulting and subsidized Information & and working space training & and sale under finance Debt collection management recruitment concessions ST Consulting S.a
Slide 20: Corporate Governance
CORPORATE GOVERNANCE Board of Directors G. Massini Rosati Chairman and CEO Felice Massa A. Piovesana Independent Director Director Independent Auditor 20
Slide 21: Financials
FINANCIALS Income statement Balance sheet Cash Flow Description FY23 FY24 Description FY23 FY24 Description FY23 FY24 Value of production 41.1 45.8 Intangible Assets 7.0 8.7 Net Income 1.5 1.7 operating costs (37.1) (40.1) Tangible Assets 5.2 3.8 Depreciation and amortization 1.0 1.7 Financial Asset
Slide 22: Disclaimer
DISCLAIMER This document has been prepared by and is the sole responsibility of Allcore S.p.A. (“Allcore S.p.A.” or the “Company”) for the sole purpose described herein. The information contained herein does not contain or constitute an offer of securities for sale, or solicitation of an offer to pu
Slide 23: Thank you
Thank you Allcore S.p.A. Via S. Gregorio, 55 Milan (MI) +39 800 960599 www.allcore.it 23