Sesa S.p.a. MIL:SES

SeSa S p A : Group Presentation - First Quarter Results as of July 31, 2025

Published

Source: MarketScreener

1Q 2026 Results

Corporate Presentation September 11, 2025



Agenda
  • Group's Business Model and Operations

  • Group's Financial Results Q1 2026

  • Annexes Financial Statements and Group's Industrial Plan FY 2026-2027

2

Alessandro Fabbroni

Group's Chief Executive Officer

Caterina Gori

IR, Corporate Finance M&A

Jacopo Laschetti

Stakeholder and Sustainability



Sesa Group Overview

Leading Digital Partner for Enterprises and Organizations

  • Leading player for the digital innovation of corporates and organizations, with consolidated revenues for Eu 3,357

    million (+4.6% Y/Y) and 6,532 people (+14.8% Y/Y) in the Fiscal Year ending April 30, 20251

  • Digital Technology, Consulting, Vertical Applications for enterprise and organizations with a customer set of 40,000 clients, including 4,000 abroad

  • Operations mainly focused on Italy (Headquarters in Empoli - Florence, main offices in Northern Italy) with presence in some foreign countries as Spain, Germany, France, Switzerland, Austria, Romania

    Innovation and Sustainable Growth for the benefit of all Stakeholders

  • Successful business model oriented to emerging digital trends as Artificial Intelligence and Automation, Data Science, Cloud Computing, Cyber Security, Digital Platforms and Vertical Application.

  • Continuous long-term growth (CAGR 2012-2025 Revenues +11.5%, Ebitda +14.5%, HR +16.8%, Group EAT Adjusted +14.3%), with increasing value-added for clients (Group Ebitda margin improving from 4.8% in FY 2019 to 7.2% in FY 2025) thanks to the development of higher marginality Sectors as SSI, Business Services and Green VAS

  • Industrial Plan 2026-27 targets organic growth and cash flow generation increase, with growth expectations of 5.0% / 7.5% in Revenues and 5.0% / 10.0% in EBITDA for FY26, thanks to positive contributions from all Group's Sectors

    Purpose and Corporate Culture

  • Purpose to create long-term sustainable value for all stakeholders, promoting the digital innovation of companies

    and organizations and the well-being of people, by embracing the new waves of technology innovation

  • Mission to enable the business innovation and the sustainable growth of Group's companies through a modular

    digital corporate platform, fostering value creation and digital evolution, inspired by human intelligence

  • ESG as a strategic driver and core part of Corporate Vision



(1) FY 2025 revenues include the pro-forma figures of GreenSun for H1 25 and actual results for H2 25, following its inclusion in the scope of consolidation starting from Q3 25 (GreenSun acquisition completed in November 2024, with half-year pro-forma revenues of Eu 83.7 Mn).

3

Business Model and Organization

  • Leading player in Digital Technology, Consulting and Vertical Applications, with a focus on key digital enablers as AI and Automation, Cloud, Cyber Security and Digital Platforms; the Group operates through Vertical Business Units and Competence Centers7

  • Eu 3.36 Bn consolidated revenues in FY 20251 (+4.6% Y/Y) and 6,532 people. Outstanding growth since the 2013 IPO: revenues CAGR (+13.6% 2020-25, +11.5% 2012-2025), Ebitda CAGR (+20.6% 2020-25, +14.5% 2012-2025) and Group EAT adjusted CAGR (+18.4% 2020-25,

    +14.3% 2012-2025). The Industrial Plan 2026-27 targets growth of 5.0% / 7.5% in Revenues and 5.0% / 10.0% in EBITDA for FY26, supported by the positive contributions of all Group's sectors



    Group Governance and Digital Services

    521

    Revenues

    Eu 62 mn

    Corporate serv.: Group Governance, M&A, HR, Finance, IT, Legal & Compliance 200 HC; Digital Services and Customer Experience 300 HC, revenues Eu 40 mn

    100%

    93%

    100%

    Software and System Integration (SSI) Sector Business Services (BS) Sector Value Added Solutions (VAS) Sector

    4.243

    Revenues

    Eu 876 Mn 962

    Revenues

    Eu 154 Mn

    806

    Revenues

    Eu 2.4191 Mn

    Software and Digital Integration for European Mid

    Corporate and Enterprises

    Digital Platform, Security Solutions and Vertical Software Solutions for the Financial Services Industry (banks, insurance, financial intermediaries, digital payment)

    ICT and Digital Green Value Added Solutions, integration and ecosystem orchestration

    Strategic Business Units Strategic Business Units Strategic Business Units

    • Cloud Technology Services

    • Cyber Security

    • Digital Workspace

    • Digital Experience

      Digital Platform (BDP) Vertical Software Solutions

      ICT VAS

      DG VAS

      • ERP & Vertical SW Solutions

      • Enterprise Intern. Platforms

  • Data/AI

    • Base Digitale Plaftorm

500 customers in the Fin.

  • Base Digitale Applications

    400 customers in the Fin.

    • ICT Value Added Solutions

  • Digital Green (Renewable energy) Value Added Solutions

Over 10,000 enterprise customers O/W 2,000 abroad (Germany, Spain, France, Switzerland, Austria)

Services sector, 645 HC, Eu 100

Mn revenues

Services sector, 317 HC, Eu 55

Mn revenues

20K Business Partners, 700 HC, Eu 2.075 Mn revenues

2K Business Partners, 100 HC, Eu 344 Mn revenues



(1) Revenues and Headcounts for the FY as of April 30, 2025. The FY 2025 revenues include the pro-forma financials of Greensun (Digital Green VAS) for H1 25 and actual results for H2 25. Breakdown of revenues by Sector gross of intercompany

eliminations 4

Management Team committed long-term to the Group

Group Long-term track record achievements

Key people equity and long-term commitment

Sesa Group equity partners' focus on long-term development growth and sustainability:

  • Chairman and Sesa Founder in 1973 Paolo Castellacci, Vice-Chairman and Sesa partner since 1978 Giovanni Moriani;

  • Group's CEO and partner since 2008, Alessandro Fabbroni;

  • SSI Sector Managing Partner since 2014, Francesca Moriani;

  • BS Sector Managing Partner since 2020, Leonardo Bassilichi;

  • VAS Sector Managing Partner since 2014, Duccio Castellacci.

Sesa Group key people jointly own the share capital of ITH S.p.A., majority shareholder of Sesa with 54.1% stake with stable ownership since the IPO in 2013. T.I.P. owns a 21% stake of ITH since 2019, as long-term partner

EBITDA FY11

Eu 34.4 Mn

EBITDA margin FY11

4.6%

EBITDA FY25

Eu 240.7 Mn

EBITDA margin FY25

7.2%

REVENUES FY11 REVENUES FY251

Eu 747.0 Mn

Eu 3,357 Mn

Group EAT Adj FY11 Group EAT Adj FY25

Eu 11.5 Mn

Eu 95.8 Mn

Sesa share capital

ITH

54.056%

Treasury Shares 0.30%

Revenues

3,357

CAGR

2020-25

+13.6%

CAGR

2012-25

11.5%

747.0

FY 11

FY 25

+4.6%

Y/Y

Ebitda

240.7

CAGR

2020-25

+20.6%

CAGR

2012-25

+14.5%

34.4

FY 11

FY 25

+ 0.5%

Y/Y



Floating Shares 45.644%



ITH increased its stake from 53.5% to 54.056%, as a result of the cancellation of treasury shares of August 2025. Treasury shares represent 0.30% of share capital (as of September 5, 2025); the August 2025 Shareholders' Meeting also approved a new buy back program up to Eu 25 Mn, starting from August 28, 2025

(1) FY 2025 revenues and EBITDA include the pro-forma figures of GreenSun for H1 25 and actual results for H2 25, following its inclusion in the scope of consolidation starting from Q3 25 (GreenSun acquisition completed in November

2024, with half-year pro-forma revenues of Eu 83.7 Mn and Ebitda of Eu 5.2 Mn) 5