Nocivelli ABP wins Euro 500 million tender for the “Parco della Salute, della Ricerca e dell’Innovazione” in Turin. Revenues expected to be Euro 1.5 billion

PRESS RELEASE

Nocivelli ABP wins Euro 500 million tender

for the "Parco della Salute, della Ricerca e dell'Innovazione" in Turin.

Revenues expected to be Euro 1.5 billion

The project, won in RTI ("Raggruppamento Temporaneo di Imprese - Temporary association of companies) with the Consorzio SIS, has a total duration of 30 years for the building and management of the new hospital sites of Molinette, CTO and Sant'Anna.

Castegnato (Brescia), September 30, 2024 - A.B.P. Nocivelli S.p.A., an Esco Company specialized in building technological systems and facility management services, and a nationwide Public-PrivatePartnership clinic and hospital construction leader, listed on the Euronext Growth Milan's segment (ISIN Code IT0005439861, Ticker ABP:IM), announces that the tender for the construction of the new "Parco della Salute, della Ricerca e dell'Innovazione" of the City of Turin, Lot 1 "Centre of Health and Clinical Training and Centre of Research" was won by the Temporary association of companies (RTI) composed by Consorzio Stabile SIS S.c.p.A. and A.B.P. Nocivelli S.p.A..

The project, worth a total of Euro 500 million, involves the construction of the new hospital sites of Molinette, CTO and Sant'Anna. The PPP (Public Private Partnership) contract will have a duration of 30 years, including five years for the construction work for building and plant engineering works and the following 25 years for the management of the supporting services. While the Consorzio SIS will be in charge of carrying out the building works, Nocivelli ABP will be in charge of carrying out all the plant engineering works. Facility management and energy services, on the other hand, will be handled by both companies.

The total value of the expected revenues for the entire duration of the concession (30 years) is Euro

1.5 billion, including financial charges and works and services pertaining to both Consorzio Stabile SIS S.c.p.A. and Nocivelli ABP.

This is a strategic transaction for Nocivelli ABP that will have a considerable impact on the company's portfolio: the works pertaining to the company will result in about Euro 500 million in works and services over a period of 30 years. In detail, Euro 200 million of works that will be carried out in the first 5 years and Euro 300 million for supporting services will be carried out in the next 25 years of management.

Consequently, Nocivelli ABP's backlog will increase from Euro 850 million - estimated when the June 30, 2024 budget was approved - to Euro 1.4 billion.

Nicola Turra, Chief Executive Officer of Nocivelli ABP, stated: "We are extremely pleased to have been awarded a project of such significance for the city of Turin and for our industry. This result represents a fundamental step in our growth strategy, both in terms of the volume of work and the impact it will have on our order book. PPP represents the only effective tool to address the growing infrastructure needs in Italy and confirms the goodness of our strategy to continue to focus on contracts of this kind, especially for hospital and healthcare facilities. This important award, combined with the brilliant annual results we recently reported, confirms the solidity of our business and allows us to look forward to future development opportunities with confidence".

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Bruno Nocivelli, Chairperson of the Board of Directors of Nocivelli ABP, stated: "Winning this tender is the result of the work and expertise that set us apart. We are proud to be able to contribute to the realization of a work that will not only represent excellence at the health level, but also bring important benefits in terms of innovation and development for the entire community".

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This Press Release is available on the company website at www.abpnocivelli.com, in the "Investor Relations/Press Releases" section and at www.1info.it.

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The Nocivelli ABP Group was founded in Castegnato (Brescia) in 1963 and initially traded in petroleum products and lubricants. In 1988 it diversified into the construction of technological, mechanical and electrical systems, in addition to civil and industrial construction and Facility Management. The Nocivelli Group comprises the parent company ABP Nocivelli S.p.A. and the wholly-owned subsidiary RPP srl Run Power Plants, acquired in 2016, specializing in the design, manufacture, supply, installation and maintenance of LED lighting. The Group is headquartered in Castegnato (BS) and has operations in Brescia, Chieti Scalo and Ponderano (Biella). RPP is based in Castenedolo (BS). Bruno Nocivelli is the Chairperson of the Board of Directors, while Nicola Turra serves as Chief Executive Officer. The Group's Value of Production in 2024 was Euro 76.5 million, with EBITDA of Euro 15.2 million and a net profit of Euro 10.7 million.

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