Sesa Group Presentation “Le Eccellenze del Made in Italy 2026”

Le Eccellenze del Made in Italy Milan -October 1, 2026

2▪ Group’s Business Model and Strategy ▪ Group’s Industrial Plan FY 2027 -2028 ▪ Group’s Financial Results 1Q 2027 ▪ Annexes Financial StatementsAgendaAlessandro Fabbroni Group’s Chief Executive Officer

Jacopo Laschetti

Head of Stakeholder Relations and Sustainability

3Purpose,

Mission and

StrategyProven Value

Creation Track -

RecordLeading Digital

Integration

Platform

Leveraging

Digitalisation

Trends

▪Proven long -term value creation (CAGR 2012 -2026: Revenues +11.2%, Ebitda +14.1%, Group EAT Adjusted +14.1%) ▪More than 80 M&A transactions completed 2015 –2026, adding ~Eu 850 mnof revenues at acquisition date ▪New Industrial Plan 2027 -28 targets organic growth, higher cash flow generation and profitability improvement ▪Healthy financial position represents a key competitive advantage vs several PE -backed industry playersSesa Overview & Key Highlights ▪Leading player for the digital integration ( Technology, Digital Platforms and Vertical Applications) of corporates and organizations: consolidated revenues ofEu 3,621 million and 6,770 people as of April 30 2026 ;Leading position in Italy , with selected presence in Spain, Germany, France, Switzerland and a customer base of 40,000 clients, including 4,000 abroad ▪Successful business model oriented to emerging digital trends as Artificial Intelligence and Automation, Data Management, Cloud Computing, Cyber Security, Digital Platforms and Vertical Applications ▪Purpose: Create long -term, sustainable value for all stakeholders promoting innovation, including digital innovation, within businesses and organizations, as well as the well -being of people ▪Mission: Enable sustainable growth, innovation, including digital innovation, and the ability of the Group's companies to compete on the digital market ▪Strategy: digital platform for enabling sustainable growth of enterprises and organisations, data -driven, market -

oriented, and inspired by people (1) FY 2025 includes the pro forma contribution of the GreenSun acquisition (finalised on November 2024), with half -year pro forma revenues of Eu 83.7 mn, EBITDA of Eu 5.2m, and Group EAT Adjusted of Eu 2.1 mn

4Structural Digitalisation Trends Supporting Sesa’s Market Leadership Italian digital market ( Eu 84.4bn in 2025) is expected to grow driven by accelerating adoption of AI, Cloud Computing, Cybersecurity, Data Management and Data Centers Italian digital market trend according to “Il Digitale in Italia 2026”: source Assintec /Assinform July 2026AI

Eu1.4bnmarket in2025

(+46.7%Y/Y),with 30%

annual expected growth Sesa is strategically positioned across all the fastest -growing digital spending categoriesCloud Computing Cybersecurity Big Data & Analytics

Eu8.7bnmarket in2025

(+16.9%Y/Y),supported by

strong Public Cloud adoption (+22.5%Y/Y)Eu2.2bnmarket in2025

(+12.2%Y/Y),driven by

increasing cyber threats and regulatory requirementsEu2.1bnmarket in2025

(+10.4%Y/Y),with Data

Governance apriority for

86%ofcompaniesData Centers

Renewable energy demand supported by data centers

growing market

AI does extend the Sesa digital integrator role, combining technology, digital platform and vertical applications with AI adoption Data Sovereignty and Data Management AI adoption is driving demand for advanced data management, sovereign AI infrastructure and secure, compliant data environmentsRenewable Energy Demand Green VAS supports digital infrastructure and photovoltaic solutions, addressing growing renewable energy demand from AI adoptionAI Adoption and Human Capital AI adoption and continuous upskilling enhance customer solutions, internal efficiency and

workforce capabilities

5AI adoption opportunity

AI Driven

Market Growth▪Italian digital market annual growth expected at 3.6% in 2026 -2029 ▪Private and vertical AI deployed within companies own infrastructure and processes ▪Digital investments in transformation, cybersecurity and data governance ▪Sesa Group growth higher than twice the market rate

Data Sovereignty

and Data

Management▪AI adoption requires creation, aggregation, management and control of large volumes of data ▪Data management increase driven by demand for data lakes and advanced data management platforms ▪Sovereign AI infrastructures, data centers and secure data environments to support AI workloads ▪Governance and security in line with regulatory and national compliance requirements

Renewable

Energy Demand ▪Green VAS supports customers in building digital infrastructures and developing photovoltaic energy solutions ▪Renewable energy demand supported by data centers, data management platforms and private AI solutions

AI Adoption

and Human

Capital

Enhancement▪Strategic opportunity to enhance customer solutions and act as a catalyst for internal efficiency and workforce development ▪People impact: continuous upskilling, productivity gains and efficient knowledge sharing across the organization ▪People Evolution journey supports operational efficiency and development of competencies in AI, automation and digital platforms, enhancing talent and enabling Group transformation

6New Industrial Plan :

moving from a bolt -on M&A approach toward a strategy focused on Organic Growth and

Group Transformation

as Digital Integrator

1973

n.s.1980 -90

5-10 Mn1994

20 Mn2008

0.5 Bn2012

0.81 Bn2013

0.83 Bn2020

1.7 Bn2020 -25

3.4 Bn2026 -28E

4.1 Bn

IPO Listing on Italian Stock exchange. Sesa is currently included in the FTSE Italia Mid Cap and FTSE Italia STAR indices of EuroNext MilanSesa Group Strategic Path

IBM services,

infrastructure &

software

Partnership with IBM to support the technological evolution of customers, expanding the offering to include IBM infrastructure

and software

Computer Gross

Foundation

Distribution of value -added ICT solutions of leading International Vendors for the business segment Establishment of Sesa

Foundation

Social, cultural and

educational initiatives

supporting community

development and

employee well -being Base Digitale Group

Foundation

Digital platforms, software solutions and digital innovation for the financial services industry Growth acceleration

through M&A

Strong acceleration in revenues and profitability driven by strategic M&A across SSI, VAS and

Business Services,

strengthening market and

position

Industrial Plan 2026 -2027 and

2027 -2028

Focused on core business and organic growth as a Digital Integrator, leveraging digital enablers and skills developmentSesa Foundation Sesa began its activity in 1973, providing IT services to companies operating in the industrial districts of Tuscany regionVar Group Foundation System integrator and software solutions for SMEs and Enterprise with progressive focus on business integration and

consulting

7Business Model and Organization Software and System Integration

(SSI)

4,463Ebitda

Eu 96.6 mn

187Revenues

Eu 23 mn Corporate Governance & Corporate Services Business Services (BS)

980Revenues

Eu 159 mn Value Added Solutions (VAS)

Revenues

Eu 2,255 mn695

Revenues

Eu 412 mn101

Digital Ecosystem1

344Revenues

Eu 44 mn 100% 100% 100% 100% Software and Digital Integration for European Mid Corporate and EnterprisesDigital Platform, Security Solutions and Vertical Software Solutions for Financial Services Industry (banks, insurance, financial intermediaries, digital payment)Digital Services and Customer Experience integrating technology, data and omnichannel touchpointsICT and Digital Green Value Added Solutions, integration and ecosystem orchestrationCorporate services: Group Governance, M&A, HR, Finance & Control, ICT & Digital, Cybersecurity, Legal & Compliance (1) The Digital Ecosystem figures are included and reported within the Corporate Sector in the view by Sector presented later in thepresentation (2) Financial figures refer to FY26, unless otherwise statedEu 3.6 bn RevenuesEu 260 m

EBITDA# 6,770

people# 40,000

clientsEu 150 m

Net Cash

Asof 31 July 2026 The Group operates through Vertical Business Units and Business Platforms

Revenues

Eu 909 mnEbitda

Eu 30mnEbitda

Eu 5.4 mn

Ebitda

Eu 101 .3mnEbitda

Eu 29mn

8Experienced Management Team committed to the Group Sesa Group equity partners focus onlong-term development growth :

•Chairman andSesa Founder in1973 Paolo Castellacci ,Vice-Chairman andSesa partner since 1978 Giovanni Moriani ;

•Group CEO andpartner since 2008 ,Alessandro Fabbroni ;

•SSISector Managing Partner since 2014 ,Francesca Moriani ;

•BSSector Managing Partner since 2020 ,Leonardo Bassilichi ;

•VAS Sector Managing Partner since 2014 ,Duccio Castellacci .

Sesa Holding S.p.A.(Chairman P.Castellacci ,CEO A.Fabbroni) isthemajority shareholder of Sesa with a57.11%,recently increased from 52.8%,withstable control since theIPOin2013 .

Sesa Group keypeople (founders andmanagers) holds around 75%ofSesa Holding share capital, while theresidual 23.8%isheld byTamburi Inv.Partners SpA long-term partner since 2019Sesa

Holding1

57.68%Treasury

Shares

0.36%

Floating

Shares

41.95%Sesa share capital 15,185,590 ord. shares (1) Sesa share capital owned by Sesa Holding increased from 52.8% in 2024 to the current 57.68% as a result of the last 18 months actions: i) cancellation of 151,478 Sesa treasury shares on August 27, 2025 and of 157,522 Sesa shares on December 18, 2025, as well as ii) Sesa Holding purchase of around 467,000 Sesa shares since January 2025 Key people equity and long -term commitment

Revenues growth

8123,621

FY 283,990 –4,200

4,5xCAGR 12 -26 +11.2%

FY 12 FY 2641.3260+8.2%

Y/Y vs

Pro -

Forma

288 –315EBITDA growth

FY 28

6,3xCAGR 12 -26 +14.1%

5,1% 7,2%EBITDA %

~7,4%

FY 12 FY 26Group Long -term track record achievements

30,4182+8.2%

Y/Y vs

Pro -

Forma

205Net Financial Position (net cash) Apr28 Apr12 Apr26

9Group long -term growth path: FY 2026 Actual Results and FY 2027 -28 Expected Results In the table above we presented the FY 2027 and FY 2028 according to the industrial plan approved by Sesa BoD in the meeting of July 16, 2026 (1) Ebit Adjusted before amortisation of intangible assets (client lists and know -how) arising from PPA, and before costs relate d to the Stock Grant Plan, all net of the tax effect (2) Group EAT Adjusted is presented after minorities and before amortisation of intangible assets (client lists and know -how) ar ising from PPA, and before costs related to the Stock Grant Plan, all net of the tax effect (3) Net Financial Position gross of IFRS Liabilities to minorities for Earn Out and Put Option M&As and IFRS 16 debt34.441.3 44.249.5 51.6 54.0 57.963.174.394.5126.0167.7209.4239.5 240.7288-

315 4.6% 5.1% 5.3% 5.2% 4.9% 4.4% 4.6% 4.6% 4.8% 5.3% 6.2% 7.0% 7.2% 7.5% 7.2% 7.2%7.2% -

7.4%

Apr

2011Apr

2012Apr

2013Apr

2014Apr

2015Apr

2016Apr

2017Apr

2018Apr

2019Apr

2020Apr

2021Apr

2022Apr

2023Apr

2024Apr

2025Apr

2026Apr

2027EApr

2028E747812 8329481,0601,230 1,2711,3631,5511,7762,0372,3902,9083,2103,3573,992 -

4,200

Apr

2011Apr

2012Apr

2013Apr

2014Apr

2015Apr

2016Apr

2017Apr

2018Apr

2019Apr

2020Apr

2021Apr

2022Apr

2023Apr

2024Apr

2025Apr

2026Apr

2027EApr

2028E3,621

7.9%

11.516.819.9 20.7 21.824.8 26.128.631.441.257.882.7102.3106.4

95,8106.1114 -

119 1.5% 2.1% 2.4% 2.2% 2.1% 2.0% 2.1% 2.1% 2.0% 2.3% 2.8% 3.5% 3.5% 3.3% 2.8% 3.0% 3.1% Apr

2011Apr

2012Apr

2013Apr

2014Apr

2015Apr

2016Apr

2017Apr

2018Apr

2019Apr

2020Apr

2021Apr

2022Apr

2023Apr

2024Apr

2025Apr

2026Apr

2027EApr

2028E10.7%Sales and other Revenues (Eu mn) EBITDA (Eu mn)

CAGR 2012 -2026 +11.2%

42.5

(5.9)

(30.4)

(43.6)(51.3)(59.4)(68.9) (72.3)(67.3)

(110.3)

(197.4)

(245.3)(239.5)(211.0)(158.4)

(182.1)

(192.0)

(205.0)

Apr

2011Apr

2012Apr

2013Apr

2014Apr

2015Apr

2016Apr

2017Apr

2018Apr

2019Apr

2020Apr

2021Apr

2022Apr

2023Apr

2024Apr

2025Apr

2026Apr

2027EApr

2028EFeb 2013 IPOCAGR 2012 -2024 +16.6%

CAGR 2020 -2026 +17.1%25.635.3 3640.6 42.1 44.9 46.3 48.855.768.591.8125.9167.7192.7185.4197.5

Apr

2011Apr

2012Apr

2013Apr

2014Apr

2015Apr

2016Apr

2017Apr

2018Apr

2019Apr

2020Apr

2021Apr

2022Apr

2023Apr

2024Apr

2025Apr

2026Apr

2027EApr

2028E6.5%218-

239EBIT Adjusted1(Eu mn) 818 863 912 9741,150 1,2151,4271,6421,9002,5473,4414,1634,7205,6916,532 Apr

2011Apr

2012Apr

2013Apr

2014Apr

2015Apr

2016Apr

2017Apr

2018Apr

2019Apr

2020Apr

2021Apr

2022Apr

2023Apr

2024Apr

2025Apr

2026E6,770CAGR 2012 -24 +17.0%CAGR 2020 -2026 + 12.6%

Industrial Plan 2027 + 7.5% | +12.5%CAGR 2012 -2026 +14.1%

CAGR 2020 -2026 + 18.4%CAGR 2012 -2026 +13.1%

CAGR 2020 -2026 + 18.9%

Industrial Plan 2027 +5.0% | +10.0% Industrial Plan 2027 +5.0% |+7.5% Industrial Plan 2028 +5.0% | +10.0% Industrial Plan 2028 + 7.5% | +12.5%Industrial Plan 2028 +5.0% | +7.5% Var%Y /Y 20.1% 7.0%12.0% 4.2% 4.7% 7.2%17.8%27.1%33.3%33.1%24.9%14.4% 0.5%

9.0%

3.4% 4.3% 4.3% 4.3% 4.0% 3.7% 3.6% 3.6% 3.9% 4.5% 5.3% 5.8% 6.0% 5.5%5.5% -

5.6%5.5% -

5.7% 3.6%

Group EAT Adjusted2(Eu mn) Net Financial Position3(Eu mn) Headcount (Nr)37.9% 2.0%12.8%3.7% 6.7% 3.1%14.1%23%34%37.1%33.2%14.9%(3.8)%

5.4%

5.5% 5.7%6.8%18.1% 5.7%17.4%15.7%34.1%35.1%21.0%13.4%20.6%14.8%3.6%

15.1%8.7% 2.5%13.9%11.8%16.0%3.4%13.8%14.5%14.7%17.3%21.7%10.4%4.6%5.0%

-7.5%

7.2%

47.0%18.2%3.8% 5.5%13.7%5.2%9.8%31.2%40.3%43.1%23.7%4.0%

(9.9)%

9.6%5.0% -

7.5%3,802-

3,892

Industrial Plan 2027 +5.0% | +10.0% Industrial Plan 2028+5.0% | +10.0%8.2%5.0% -

10.0%260.4274 -

287

CAGR 2012 -2026 +14.1%

7.5% -

12.5%7.5% -

12.5%5% -

10%5% -

10%207–

217 % on revenues 5.0% -

10.0%

5.5%

123-

134

10Proven Value Creation M&A Track Record

84M&A transactions

completed FY2015 –FY2026 ~ Eu 850 millionannual revenue added at acquisition date M&A contribution by period Bars = number of acquisitions Values below = M&A contribution at acquisition date (Eu mn) 5

FY15 –174

FY18 –196

FY2013

FY2113

FY2216

FY2313

FY2410

FY254

FY26FY2026 focus : selection over volume with sharper focus on strategic fit 4 SSI acquisitions: Visicon (Germany) , Delta TI (Spain) , 4IT SAGL (Switzerland ) and Albasoft (Italy) Plan -aligned: supports the industrial Plan priorities International growth: expands presence in high -value

markets

Disciplined structure: key-people retention and ~5 xEBITDA

±NFP

M&A contribution (Eu mn) 56 82 88 76 152 79 112 186 18FY2027focus onselection over volume , no M&A executed in Q1 27

11Sustainability as a strategic driver and core part of Corporate Vision

Human

Resources,

Welfare and

Talent

DevelopmentEnvironmental

Sustainability▪Carbon Neutrality program in line with EU Agenda ▪Environmental performance in FY 2026:

-Electricity consumption per capita 1,944 kWh ( 4% reduction Y/Y) -Natural gas consumption per capita 71.77 Smc (5% reduction Y/Y) -Green electricity program adoption (97% of total supplies FY 2026) ▪Lines of business dedicated to sustainability and digital green (technology and consulting) Sustainability Governance▪Sustainable growth in corporate bylaws as strategic target of Sesa BoD (since Jan 2021) ▪Sesa Group certifications : SA 8000 (Social Accountability Int. Std); UNI Pdr125/2022 (Gender Equality); Environmental certification ISO 14001; UN Global Compact membership ▪ESG Rating : Ecovadis CSR rating: Platinum medal; MSCI ESG rating: BBB; CDP rating: B ▪ESG Targets disclosed in Group Integrated Annual Report

Social and

economic

development

▪Continuous enforcement of welfare programs for well -being of co -workers, covering benefits for employees’ children, sustainable mobility, education and Diversity & Inclusion ▪6,775 employees as of July 2026 (flat vs 30 April, 2026), including ~700 new hires ▪Focus on talent development, with 97% permanent contracts and ~20% of people below 30 years ▪~125,000 training hours in FY26 and dedicated inclusion, engagement and work -life balance programs ▪Value generation in a responsible way for social communities and all stakeholders ▪Improving quality life of people, organizations and environment through digital transformation ▪Sesa Foundation : no-profit organization committed to charity, welfare and social community programs ▪Stakeholder Relations Team dedicated to stakeholder engagement Purpose to create long -term, sustainable value for all stakeholders promoting innovation, including digital innovation, within b usinesses and organizations, as well as the well -being of people ESG as a strategic driver and core part of Sesa Corporate Vision

12SSI: Software and Digital Integration for European Enterprises Vertical Business Platform focused on business applications and digital integration:

Cloud Technology Services, Cyber Security, Proprietary ERP & Vertical Solutions, Enterprise International Platform, Digital Experience, Digital Workspace, Data Science/AILeading System Integrator and Software Solutions provider with growing focus on Business Integration and Consultancy, Cloud and Data Science/AI, Cyber Security, with outstanding growth over the past sixyears (CAGR 2020 -2026 Revenues +14.8%, Ebitda +16.9%) improving by two times revenues and market shareCustomer base of around 10,000 enterprises and mid -sized corporates, including 2,000 abroad , with growing international presence (Spain, France, Germany, Austria, Switzerland and Central Eastern Europe)At a Glance Business Platforms Customer base Cloud Tech.

Services ;

47.0%

Cyber

Security ; 7.0%Proprietary ERP & Vertical Solutions ;

21.0%Enterprise Int.

Platforms

18.0%Digital Experience ; 1.0%Digital Workspace ; 3,5% Data AI ; 2.5%

Total revenue

Eu 909 MnGeographic footprint FY26 revenue by Business PlatformSSI Business Platforms

CLOUD TECHNOLOGY

SERVICES

•Hybrid Cloud services (SaaS, PaaS, IaaS) and Multi Cloud •Integration between public cloud and

datacenter services

•Applications modernization

DIGITAL EXPERIENCE

•Marketing & Digital Strategy •Omnichannel e -commerce

•Experience Technology

•Data driven Intelligence •Design & Creative communicationCYBER SECURITY •Leader in Cyber Security consulting •Security Operation Center (SOC) •Cyber Threat Intelligence •European market presence: Italy, DACH, Spain with 300 headcount

DIGITAL WORKSPACE

•Unified Communication

•Digital workspace and Collaboration •Digitalization of workstations •Workspace booking and management •Digital EventsDATA SCIENCE/AI •Applied and Generative AI, Advanced

Analytics

•Data Intelligence Platform for Predictive Corporate Performance Management

ENTERPRISE INTERN. PLATFORMS

•Business Consulting and Integration •ERP Solutions on International platforms (SAP, Microsoft, Siemens) •Smart Industry solutionsPROPRIETARY ERP & VERTICAL

SOLUTIONS

•Proprietary ERP & Vertical Applications for SMEs and Enterprises •Client main industries: Mechanics, Automotive, Pharma, Retail, Fashion Key Financials FY26

People

4,463

EBITDA (%)

10.6%

Revenues

Eu 909mn

# Customers

10,000

EBITDA CAGR

2020 -26

16.9%NFP (excl. IFRS)

30/04/2026

Eu 63 mn(net debt)

13VERTICAL APPLICATIONS

•HC 325

•Vertical Banking Applications Treasury, Finance, Derivatives •Wealth Management and Capital markets Software Solutions •Banking supervision services •Banking regulatory procedures

pplicationDIGITAL PLATFORMS

•HC 655

•Digital Platforms for process automation, customer experience, master securitization and cash management •Reference player in Italy in integrated security management solutions for Financial Services Industry •Open -PSIM (Physical Security Information Management) and open -

BMS (Building Management System) solutions

latform

60%Business Services: Digital Platform for Financial Services Dual Market Focus: Finance and Enterprise •Financial Services (BDA): solutions for fintech, banks, insurers and digital payment players, enabling innovative financial operations.

•Enterprise (BDP): digital transformation and financial services platforms for utilities, retail, asset management, improving efficiency and process integrationBusiness Services started on February 2020 and focused on Digital Platforms, Vertical Banking Applications and Security for Financial Services Industry, achieving a CAGR 2020 -26 of +63.9% in Revenues and + 94% in Ebitda .

Outstanding growth expected in FY 2027 -28 reaching Eu 200 mnrevenues by 2028E and 19% Ebitda %Extensive presence with more than 900 clients;

a customer -centric approach that puts client experience at the core, offering innovative and tailored solutions ; over 40 proprietary platforms used by clients across all industries .

Native digital business powered by Data, AI and Automation, delivering Eu 50 mn revenues and a 350 skilled team in FY26At a Glance Financial Services and Enterprise Market Presence and Digital Excellence Key Financials FY26

People

980

EBITDA (%)

18.8%

Revenues

Eu 159 mn

# Customers

900

EBITDA CAGR

2020 -26

94.1%NFP (excl. IFRS)

30/04/2026

Eu 83 mn(net debt) Banking, Capital Market & Insurance Vertical Digital Platforms for the banking, financial, and insurance

segmentsBusiness Process

Automation and Management for the Financial Services Industries (process automation,

securitization)

Customer Experience & Digital Evolution Application:

Digital platform solutions to transform the customer experience, with data enhancement and AI adoptionIntegrated Security Solution:

Advanced data protection and security integrating data and physical protection Base Digitale Group Offering Trading value chain Value -added servicesFront -end

Core Banking

Credit Value ChainRegtechPayments and Collections Value ChainFinancial Ecosystem Base Digitale Group Vertical Strategic Business Units 40%

As % FY26

revenueAs % FY26

revenue

Powered by proprietary platforms and partner technologies, delivering integrated, scalable solutions that combine innovation andexpertise

14Cloud, Security,

DC Solutions ;

63.8%

Networking &

Collaboration ; 13.5%Data Science AI Solutions; 6.4%Devices, Digital Workspace ;

16.3%Organized into specialized units managing partnerships with over 165 major IT vendors.

Its offering covers Cloud (SaaS, IaaS, XaaS ), Data & AI, and Security Solutions, driving recurring revenue growth. Leading role in AI enablement, as the first European Competence Center for IBM and the leading Italian Microsoft partner focused on AI Copilot and Data/AI integration in Cybersecurity.Value -added Technology Integrator and Solutions aggregator , providing consulting, marketing, and training to accelerate the adoption of emerging technologies across the ICT ecosystem. Leader in the Italian VAD market1with ~48% share (64% in Cloud & Enterprise Software). Double -digit growth over the past 6 years (CAGR 2020 -26: Revenues +7.6%, EBITDA +11.3%).ICT VAS serves a solid and diversified ecosystem of approximately 20,000 business partners, including corporate reseller, software houses, system integrators, MSPs, and CSPs with growing focus on strategic consultant, digital integrator, corporate service players, managed service provider.At a Glance Business Units Customer base FY26 revenue by competence centers ICT VAS Competence centers

CLOUD, SECURITY, DC

SOLUTIONS

•Public and Hybrid Cloud

•Datacenter Solutions

•Cyber Security technology: SIEM, End Point Security, Software Encryption DataKey Financials FY26

People

695

EBITDA (%)

4.5%

Revenues

Eu 2,255 mn # Bus. Partners

20,000

EBITDA CAGR

2020 -26

11.3%NFP (excl. IFRS)

30/04/2026

Eu 274 mn(net cash)ICT VAS: Added -Value Technology Integration for ICT ecosystems

DEVICES, DIGITAL WORKSPACE

•Devices and peripherals

•Printing equipment

•Digital Workspace for Multi -Cloud & Hybrid organizations •Smarter add -on and IoT

DATA SCIENCE/AI SOLUTIONS

•Advanced Analytics, Data

Management

•Applied and AI in partnership with main international vendors •In-house team leading AI project .NETWORKING &

COLLABORATION

•Networking and connectivity •Installation and setup support for all systems and devices •Free Replacement of damaged products .Italian Market share ICT VAS1

Total revenue

Eu 2,255 mn The ICT VAS sector continues to evolve, driven by the growing demand for digital integration of AI, data management and data protection and the dynamic trend of Cloud, Datacenter , Security Segments .

Expansion is supported by the ability to attract new Vendors and partnerships, and by the opening of opportunities with emerging System Integrators, MSPs and CSPs.Computer Gross ; 45.1%

Competitor 1;

17.3%Competitor 2;

8.8%Competitor 3;

5.5%Others ;

23.3%

(1) Source Sirmi, April 2026. CG market share on total Italian Value Added Distribution market (networking, software enterprise, customized services, server, storage), including the subsidiaries ICOS and Altinia Distribuzione

15Photovoltaic panels,

modules ; 42% Energy storage ; 31%Other equipment ; 3%Inverters , 24%FY2026 marks a year of strong organic growth and market consolidation. Revenues reached Eu 412.2 million (+19.9% Y/Y vs Pro-Forma1), benefiting from the full -year contribution of GreenSun and supported by growing demand for renewable energy solutions from the business segment, further driven by the increasing adoption of data management, data governance and private AI solutions.Joined the Group in 2021 through the acquisition of PM Service (Eu 30 mn revenues at the time). The sector focuses on technologies and services supporting renewable energy production, through a value -added offering of photovoltaic systems, panels, inverters, and storage , along with tailored solutions in partnership with leading global vendors, with 2,000 business partners The PV market is gradually evolving towards a greater contribution from inverters, batteries and energy storage systems, supporting a more diversified and value -added offering.

During FY2026, the integration between PM Service and GreenSun was completed under the One Company model, with expected benefits in terms of operating efficiencies, process integration and commercial effectiveness.At a Glance Financial Evolution Future Expectations FY26 revenue by competence centers Green VAS competence centers

PHOTOVOLTAIC PANELS,

MODULES

•Photovoltaic Panels

•ModulesKey Financials FY26

People

101

EBITDA (%)

7.0%

Revenues

Eu 412mn

# Bus. Partner

2,000

Green VAS Services & EducationGreen VAS: A dded -Value Technology Integration for Renewable Energy

ENERGY STORAGE

•Battery

•Energy StorageOTHER EQUIPMENT •Photovoltaic and electric

equipment

•Electric Vehicles equipment

INVERTERS

•Inverters

•Partner of leading inverter brandsSupply & logistics:

three Italian warehouses ensure efficient storage, shipping, and timely

deliveries

Seminars &

workshops :

technical training and webinars across Italy led by expert engineersPre-sales technical support: guidance on product selection and

system configuration

Post -sales technical support : ongoing

assistance, installation

guidance, and on -site support if needed

Total revenue

Eu 412mn

NFP (excl. IFRS)

30/04/2026

Eu 54 mn(net cash)

EBITDA CAGR

2021 -26

146.9%

1) FY 2025 results include for the H1 2025 the pro-forma data of Greensun , company whose acquisition was formalized in November 2024;

16▪ Group’s Business Model and Strategy ▪ Group’s Industrial Plan FY 2027 -2028 ▪ Group’s Financial Results 1Q 2027 ▪ Annexes Financial StatementsAgendaAlessandro Fabbroni Group’s Chief Executive Officer

Jacopo Laschetti

Head of Stakeholder Relations and Sustainability

17Group Industrial Plan FY 2027 -2028 Strategic Targets1

Group

Business

Transformation

Journey▪Group evolution as digital integrator, combining technology, digital platform and vertical applications, to enable the digital transformation and AI adoption of companies and organizations ▪Focus on organic growth on core businesses ICT and Green VAS, Business Services, Software & System Integration ▪Ongoing organization streamlining with significant reduction of legal entities and process re -engineering, withdevelopment of digital platforms and adoption of digital enablers to support the evolution of business and operations (1) Main strategic targets of the new industrial plan 2027 -2028 approved by Sesa BoD on July 16, 2026; Italian digital market trend according to “Il Digitale in Italia 2026”: source Assintec /Assinform July 2026 (2) Organic Growth, compared to pro -forma figures as of April 30, 2025 including the pro -forma consolidation of GreenSun in the 1H 2025AI and

Automation

adoption▪Growing demand for control, governance, and protection of data and critical infrastructures driven by AI and Automation

adoption

▪Strategic role as leading Italian digital integrator , combining technology, digital platforms and vertical applications, and enabling AI and automation adoption

Implementation

of the Industrial Plan▪Successful achievements of 2026 -27 industrial plan targets for FY 2026: Group revenues +7.9%, Ebitda +8.2%, EAT Adj +10.7% Y/Y2reaching the upper range of the FY26 guidance provided in the 2026 -27 Industrial Plan ▪2027 -28 Industrial Plan targets organic growth, withrevenues reaching Eu 3.8 -4.2bn, EBITDA Eu 274 -315m and EAT Adj.

Eu 114 -134m, supported by 5.0-7.5% revenue growth, 5.0 -10.0% EBITDA growth and 7.5 -12.5% in terms of EAT adj.

▪Pay-out ratio improved to 40% from FY 2026 (Dividend distribution of Eu 15.5 mnand Eu 25 mnbuy-back) thanks to growing cash flow from the operations

18Industrial Plan FY 2027 -FY 2028

Eu million FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251FY26 FY 27E FY 28E

Revenues 1,363.0 1,551.0 1,776.0 2,037.4 2,389.9 2,907.6 3,210.4 3,356.8 3,620.8 3,802.0 -3,892.0 3,992.0 -4,184.0 Change Y/Y 13.8% 14.5% 14.7% 17.3% 21.7% 10.4% 4.6% 7.9% 5.0% -7.5% 5.0% -7.5%

EBITDA 63.1 74.3 94.5 126.0 167.7 209.4 239.5 240.7 260.4 274.0 -287.0 287.5 -315.0

Change Y/Y 17.7% 27.2% 33.3% 33.1% 24.9% 14.4% 0.5% 8.2% 5.0% -10.0% 5.0% -10.0% Margin on revenues 4.6% 4.8% 5.3% 6.2% 7.0% 7.2% 7.5% 7.2% 7.2% 7.2% -7.4% 7.2% -7.5% Group EAT Adj ³ 28.6 31.4 41.2 57.8 82.7 102.3 106.4 95.8 106.1 114.0 -119.0 123.0 -134.0 Change Y/Y 9.8% 31.2% 40.3% 43.1% 23.7% 4.0% (9.9%) 10.7% 7.5% -12.5% 7.5% -12.5% Margin on revenues 2.1% 2.0% 2.3% 2.8% 3.5% 3.5% 3.3% 2.9% 2.9% 3.0% -3.1% 3.1% -3.2% (1) Pro -forma FY2025 results include GreenSun contribution in 1H25; Italian digital market trend according to “Il Digitale in Italia 2026”, Assintec /Assinform, July 2026Strategic objectives ofthe FY2027 –FY2028 Industrial Plan ▪Digital integrator model: combine technology, digital platforms and vertical applications to enable client digital transformation and AI adoption ▪Focus on core businesses and organic growth ▪AI & Automation adoption : capture accelerating demand for governance, data protection and critical infrastructure resilience ▪Operational streamlining : reduce legal entities, re -engineer processes and scale digital platforms / enablers ▪Eu 4.1 Bn revenues, over Eu 300 million Ebitda and Eu 130 million Group Adj EAT in FY 2028E targeting an operating cash flow of around 200 million

per Year

▪Plan enablers: ~Eu 100mn annual investments in digital enablers and people skills, completion of minority -interest acquisitions, selective M&As with shareholder returns payout confirmed at 40%.

Strategic objectives by Group’s Sectors ▪VAS (ICT & Green VAS): mid-to-high single digit Revenues, EBITDA and EAT growth, driven by demand for data management, cybersecurity, private AI and di gital sovereignty and energy from renewables sources ▪Business Services: expected to achieve double -digit growth (~10%) in both revenues and EBITDA, driven by the development of vertical applications a nd digital platforms for the Financial Services industry, alongside increasing market penetration.

▪SSI: expected to deliver low single digit growth in revenues and profitability, supported by a strategic focus on higher value -added activities and lower labour -

intensive business area

19▪ Group’s Business Model and Strategy ▪ Group’s Industrial Plan FY 2027 -2028 ▪ Group’s Financial Results 1Q 2027 ▪ Annexes Financial StatementsAgendaAlessandro Fabbroni Group’s Chief Executive Officer

Jacopo Laschetti

Head of Stakeholder Relations and Sustainability

20(1) EBIT Adjusted and Group EAT Adjusted are presented after minorities and before amortisation of intangible assets (client list s and know -how) arising from PPA, and before costs related to the Stock Grant Plan, all net of the tax effect.

(2) Sesa Shareholders’ Meeting as of 28 August 2020 resolved not to distribute dividends considering the pandemic emergency (3) NFP gross of IFRS Liabilities to minorities for Earn Out and Put Option M&As and IFRS16 debt.

(4) Consolidated NFP reported at July 31, 20 26includes Eu 173.3 mnof IFRS Debt (of which Eu 1 22.5 mnrelated to deferred liability towards minorities for M&As and Eu 50.8 mnrelated to IFRS 16) compared to Eu 213.6 mnat July 31, 2025Group’s actual results 1Q 2027 as of July 31, 2026 ▪In 1Q 2027, the Group continued its solid growth trajectory, with consolidated revenues reaching Eu 901.1 million, up 6.5% Y/ Y, entirely driven by organic growth across the Group’s core business sectors.

▪Ebitda reached Eu 65.3 million, up 7.6% Y/Y, outpacing revenue growth, with EBITDA margin stable at 7.2%. EBIT Adjusted increased by 6.2% Y/Y to Eu 50.2 million, with EBIT Adjusted margin at 5.6%, confirming the Group’s solid operating profitability.

▪Group Adjusted EAT reached Eu 30.1 million, up 7.1% Y/Y, while Reported EAT increased by 8.1% Y/Y to Eu 25.4 million. Net fin ancial charges amounted to Eu 7.5 million compared to Eu 7.2 million in 1Q 2026, mainly reflecting the upward trend in interest rates, while showing a solid improvemen t compared to Eu 8.5 million in 4Q 2026.

▪As of July 31, 2026, reported NFP including IFRS 16 strongly improved to Eu 23.4 million from Eu 64.9 million in as of July 3 1, 2025.Eu million FY 2020 FY 2026CAGR

FY12 -26CAGR

FY20 -261Q 26 1Q 27 Variance Revenues 1,776.0 3,620.8 11.2% 12.6% 845.7 901.1 6.5% Ebitda 94.5 260.4 14.1% 18.4% 60.7 65.3 7.6% Ebitda Margin 5.3% 7.2% 7.2% 7.2%

EBIT Adj170.0 197.5 13.1% 18.9% 47.3 50.2 6.2%

EBIT Adj Margin 3.9% 5.5% 5.6% 5.6% Amortisation of client lists/know how and stock grant²(6.1) (45.6) 16.0% 39.8% (8.7) (8.7) 0.4%

EBIT 63.9 152.0 13.0% 17.9% 38.6 41.4 7.5%

Financial income / (charges) (5.0) (34.6) n.a. 37.9% (7.3) (7.6) Income / (loss) on equity investments 1.7 0.9 n.a. (10.1%) 0.1 0.1 Net financial income and expense (3.7) (33.7) 17.0% 44.5% (7.2) (7.5) 4.7% EAT reported 42.2 80.6 12.3% 11.4% 23.5 25.4 8.1% EAT Reported Margin 2.4% 2.2% 2.8% 2.8% EAT Adjusted145.4 115.0 15.2% 16.7% 30.0 32.1 7.2% Group EAT Adj141.2 106.1 14.1% 17.1% 28.1 30.1 7.1% Group EAT Adj Margin 2.3% 2.9% 3.3% 3.3% Headcounts 2,547 6,770 15.9% 17.7% 6,593 6,775 2.7% Dividend per share20.00 1.33 1.00 1.33 +33.0% Total dividend 0.0 20.6 NFP debt /(cash)3(110.3) (182.1) (148,8) (149,8) (1,0) NFP reported (incl. IFRS)4(54.7) 17.5 64,9 23,4 (41,4)

211Q 2027 Group’s actual results by Sector ▪1Q2027 consolidated revenues reached Eu901.1million, up6.5%Y/Y, driven bysolid organic growth across theGroup’s core business sectors, with ICTVAS up8.1%Y/Y, Green VAS up 14.4%Y/YandBusiness Services up10.7%Y/Y, while Software andSystem Integration recorded a3.2%Y/Ydecline, mainly reflecting ongoing Business Unit re-engineering activities, the disposal ofselected non-strategic assets andchanges intheperimeter ofcertain legal entities, withexpected growth recovery starting from Q22027 .

▪1Q2027 consolidated EBITDA amounted toEu65.3million, up7.6%Y/Y, with EBITDA margin stable at7.2%.Profitability growth was supported bythedouble -digit EBITDA growth ofICT VAS (+10.7%Y/Y), Green VAS (+23.1%Y/Y) andBusiness Services (+17.6%Y/Y).Software &System Integration EBITDA declined by2.5%Y/Y(flatY/YnetoftheFY2026 disinvestments of non-strategic assets) ,withEBITDA margin increasing to10.8%,reflecting theinitial benefits ofBusiness Unitre-engineering activities, also aimed atenhancing operational efficiency .

▪1Q2027 Group Adjusted EAT reached Eu30.1million, up7.1%Y/Y, driven byGroup Adjusted EAT growth inICTVAS (+12.6%Y/Y), Green VAS (+20.3%Y/Y) andBusiness Services (+11.4%Y/Y) andsubstantially stable trend inSoftware &System Integration (-1.3%Y/Y, +1,0%Y/YnetoftheFY2026 disinvestments ofnon-strategic assets) .REVENUES EBITDA GROUP EAT ADJUSTED Eu million 1Q 19 1Q 20 1Q 21 1Q 22 1Q 23 1Q 24 1Q 25 1Q 26 1Q 27 1Q 19 1Q 20 1Q 21 1Q 22 1Q 23 1Q 24 1Q 25 1Q 26 1Q 27 1Q 19 1Q 20 1Q 21 1Q 22 1Q 23 1Q 24 1Q 25 1Q 26 1Q 27 Software System Int. 82.2 95.0 106.3 129.5 153.2 183.9 213.9 219.9 212.9 5.9 8.1 12.5 16.7 19.1 23.2 24.2 23.5 22.9 1.8 2.2 3.1 6.3 6.7 8.2 10.0 7.2 7.1 Change Y/Y 15.6% 11.9% 21.8% 18.3% 20.0% 16.3% 2.8% (3.2%) 38.9% 53.6% 33.3% 14.8% 21.4% 4.1% (2.7%) (2.5%) 22.2% 42.1% 100.0% 6.9% 22.4% 21.9% (27.4%) (1.3%) Margin on revenues 7.1% 8.6% 11.8% 12.9% 12.5% 12.6% 11.3% 10.7% 10.8% 2.2% 2.3% 2.9% 4.8% 4.4% 4.4% 4.7% 3.3% 3.4% ICT VAS 288.8 366.8 390.2 400.4 445.1 508.3 510.6 496.8 536.9 9.6 13.1 14.4 16.7 19.1 20.9 22.4 22.2 24.6 5.1 7.6 8.8 9.7 11.5 12.3 11.5 13.4 15.1 Change Y/Y 27.0% 6.4% 2.6% 11.2% 14.2% 0.5% (2.7%) 8.1% 36.0% 10.1% 15.8% 14.7% 9.0% 7.3% (0.9%) 10.7% 49.0% 15.4% 11.0% 18.0% 6.9% (6.5%) 16.7% 12.6% Margin on revenues 3.3% 3.6% 3.7% 4.2% 4.3% 4.1% 4.4% 4.5% 4.6% 1.8% 2.1% 2.2% 2.4% 2.6% 2.4% 2.2% 2.7% 2.8% Green VAS 29.1 77.4 86.3 89.3 111.4 127.4 2.6 6.8 7.5 5.3 6.2 7.7 2.5 4.6 4.4 3.3 3.5 4.2 Change Y/Y n.s.165.9% 11.5% 3.5% 24.7% 14.4% n.s.158.4% 10.3% (29.8%) 17.9% 23.1% n.s. 83.0% (5.5%) (24.8%) 5.0% 20.3% Margin on revenues 9.1% 8.8% 8.7% 5.9% 5.6% 6.0% 8.7% 6.0% 5.1% 3.7% 3.1% 3.3% Business Services 11.9 13.9 18.4 28.2 35.8 36.9 40.8 0.7 1.7 1.6 3.1 5.9 7.3 8.6 0.0 0.6 0.1 1.1 2.6 3.5 3.9 Change Y/Y 16.3% 33.1% 53.0% 26.8% 3.0% 10.7% 163.9% (9.9%) 97.8% 89.7% 25.0% 17.6% n.s. n.s.682.4% 143.2% 34.5% 11.4% Margin on revenues 5.5% 12.5% 8.5% 10.9% 16.4% 19.9% 21.1% 0.3% 4.4% 0.7% 3.8% 7.2% 9.4% 9.5% Group Cons. results 349.6 440.2 487.8 552.8 669.9 776.4 827.6 845.7 901.1 15.7 21.8 28.3 38.5 47.6 55.8 58.4 60.7 65.3 7.0 9.8 13.5 19.5 23.9 27.4 27.2 28.1 30.1 Change Y/Y 25.9% 10.8% 13.3% 21.2% 15.9% 6.6% 2.2% 6.5% 38.8% 30.2% 35.7% 23.7% 17.2% 4.7% 4.0% 7.6% 40.9% 37.3% 44.5% 22.4% 14.7% (0.5%) 3.1% 7.1% Margin on revenues 4.5% 4.9% 5.8% 7.0% 7.1% 7.2% 7.1% 7.2% 7.2% 2.0% 2.2% 2.8% 3.5% 3.6% 3.5% 3.3% 3.3% 3.3%

22FY 2026 Group’s results by Sector (1) FY 2025 results include for the H1 2025 the pro-forma data of Greensun , company whose acquisition was formalized in November 2024; pro -forma half -yearly revenues of Eu 83.7 Mn, Ebitda of Eu 5.2 Mn, EAT Adjusted of Eu 4.0 Mn, Group EAT Adjusted of Eu 2.1 Mn) . From Q3 2025 Greensun figures have been included in the consolidation scope Please note that:

-SSI, ICT VAS, BS, Green VAS revenues and other revenues, Ebitda and Group EAT Adjusted gross of intercompany elimination -Group EAT Adjusted is presented after minorities and before amortisation of intangible assets (client lists and know -how) arisin g from PPA, and before costs related to the Stock Grant Plan, all net of the tax effect.▪FY2026 consolidated revenues reached Eu3,620.8million, up7.9%Y/YvsPro-Forma, driven by(i)Software &System Integration up3.8%Y/Y, (ii)Business Services up3.2%Y/Y, (iii) Digital Green VAS up19.9%Y/YvsPro-Forma and(iv)Value Added Solutions up8.6%Y/Y, supported bytheGroup’s underlying organic growth across itscore business sectors .

▪FY2026 consolidated EBITDA amounted toEu260.4million, increasing by8.2%Y/YvsPro-Forma, with EBITDA margin substantially stable at7.2%.Profitability growth was supported bythesolid performance ofICTVAS (EBITDA +12.6%Y/Y), Business Services (+8.8%Y/Y) andDigital Green VAS (+18.4%Y/YvsPro-Forma), while Software &System Integration recorded EBITDA growth of1.7%Y/Y, reflecting investments intechnology platforms andre-engineering aimed atrationalizing thecorporate structure andimproving operational efficiency .

▪FY2026 Group Adjusted EAT reached Eu106.1million, up10.7%Y/YvsPro-forma, driven bythestrong profitability growth ofICTVAS (+20.6%Y/Y) andGreen VAS (+54.1%Y/Y), despite thelower contribution from Business Services (-12.7%Y/Y) andSoftware &System Integration (-17.7%Y/Y), mainly reflecting higher amortization charges related tocustomer lists andtechnological know -how arising from acquisitionsREVENUES EBITDA GROUP EAT ADJUSTED Eu million FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251FY26 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251FY26 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251FY26 Software & System Integ. 343.0 396.3 481.9 572.2 702.6 822.8 875.7 908.8 26.2 37.8 55.5 67.9 84.9 100.1 94.9 96.6 7.7 11.1 20.0 24.4 31.2 32.6 28.6 23.6 Change Y/Y 18.7% 15.5% 21.6% 18.7% 22.8% 17.1% 6.4% 3.8% 26.6% 44.3% 46.8% 22.3% 25.0% 17.9% (5.2%) 1.8% 28.3% 43.7% 80.6% 22.2% 27.8% 4.6% (12.3%) (17.7%) Margin on revenues 7.6% 9.5% 11.5% 11.9% 12.1% 12.2% 10.8% 10.6% 2.2% 2.8% 4.1% 4.3% 4.4% 4.0% 3.3% 2.6% ICT Value Added Solutions 1,301.3 1,451.9 1,596.3 1,680.6 1,872.4 2,147.4 2,075.5 2,254.7 46.6 53.3 63.9 72.3 72.4 95.5 90.0 101.3 23.8 29.4 40.0 44.5 39.6 52.6 41.5 50.1 Change Y/Y 12.8% 11.6% 9.9% 5.3% 11.4% 14.7% (3.4%) 8.6% 14.8% 14.4% 19.9% 13.1% 0.1% 32.0% (5.8%) 12.6% 5.3% 23.7% 35.9% 11.3% (11.1%) 33.0% (21.1%) 20.6% Margin on revenues 3.6% 3.7% 4.0% 4.3% 3.9% 4.4% 4.3% 4.5% 1.8% 2.0% 2.5% 2.6% 2.1% 2.5% 2.0% 2.2% Business Services 8.2 47.3 58.9 84.4 114.0 153.5 158.5 0.6 2.9 5.7 11.0 18.1 27.3 29.7 0.1 0.2 1.2 4.7 8.1 14.2 12.4 Change Y/Y 476.8% 24.5% 43.2% 35.2% 34.7% 3.2% 383.3% 96.6% 92.5% 65.1% 50.9% 8.8% 100.0% 500.0% 294.8% 71.0% 75.5% (12.7%) Margin on revenues 7.3% 6.1% 9.7% 13.0% 15.9% 17.8% 18.8% 1.2% 0.4% 2.0% 5.6% 7.1% 9.3% 7.8% Green VAS 5.0 176.7 363.4 240.6 343.8 412.2 0.3 18.3 36.7 21.5 24.5 29.0 0.1 12.1 24.7 12.1 11.9 18.4 Change Y/Y n.s. 105.6% (33.8%) 42.9% 19.9% n.s. 100.5% (41.3%) 13.6% 18.4% n.s. 103.1% (50.8%) (1.8%) 54.1% Margin on revenues 6.3% 10.4% 10.1% 9.0% 7.1% 7.0% 1.6% 6.9% 6.8% 5.0% 3.5% 4.5% Group Consolidated results 1,551.0 1,776.0 2,037.2 2,389.8 2,907.6 3,210.4 3,356.8 3,620.8 74.3 94.5 126.0 167.7 209.4 239.5 240.7 260.4 31.4 41.2 57.8 82.7 102.3 106.4 95.8 106.1 Change Y/Y 13.8% 14.5% 14.7% 17.3% 21.7% 10.4% 4.6% 7.9% 17.7% 27.2% 33.4% 33.1% 24.9% 14.4% 0.5% 8.2% 9.8% 31.2% 40.3% 43.1% 23.7% 4.1% (9.9%) 10.7% Margin on revenues 4.8% 5.3% 6.2% 7.0% 7.2% 7.5% 7.2% 7.2% 2.0% 2.3% 2.8% 3.5% 3.5% 3.3% 2.9% 2.9%

23Group Financial Results (NFP, IFRS 16, IFRS 3 and NWC) April 2020 -July 2026 ▪AsofJuly31,2026 ,Reported NFP (including IFRS liabilities) waspassive (netdebt) atEu23.4million, strongly improved compared toEu64.9 million (netdebt) asofJuly31,2025 ,reflecting theGroup’s continued financial discipline while supporting itsorganic growth trajectory .

▪IFRS 3liabilities, mainly related toDeferred prices andPutOptions from M&A transactions, decreased toEu122.5million asofJuly31,2026 , from Eu143.2million asofApril 30,2026 and Eu159.8million asofJuly 31,2025 ,confirming theprogressive settlement ofdeferred consideration andPutOptions .

▪NFP before IFRS liabilities waspositive atEu149.8million ,improving byEu1.0million compared toEu148.8million asofJuly31,2025 .

▪Shareholders’ Equity further increased toEu547.1million asofJuly31,2026 ,from Eu529.2million asofApril 30,2026 andEu521.5million asofJuly31,2025 ,after Eu40million ofdividend distribution andbuyback over last12months .The table opposite presents the Net Financial Position reported (including IFRS 16and IFRS 3 liabilities) from Apr20toJul26.

Wealso presented thetrend ofNet financial position excluding the IFRS liabilitiesNet Financial Position (April 2020 –July 2026) Currency : €'m Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24Oct24

Pro-

formaApr25 Jul25 Oct25 Apr26 Jul26 Shareholders Equity 253.9 272.3 297.4 286.6 335.2 352.1 424.1 442.8 477.3 499.1 500.8 521.5 501.9 529.2 547.1 NFP debt /(cash) (110.3) (101.7) (197.4) (170.9) (245.3) (189.5) (239.5) (153.4) (211.0) (88.1) (158.4) (148.8) (89.4) (182.1) (149.8) IFRS 16 liabilities 38.6 41.3 43.9 41.3 44.9 45.1 50.1 39.4 48.1 42.3 57.2 53.8 57.6 56.4 50.8 IFRS 3 liabilities 17.0 37.2 58.8 96.0 108.4 133.9 155.7 171.4 160.2 167.8 176.0 159.8 150.8 143.2 122.5 Of which deferred prices 5.6 14.1 17.2 18.4 19.2 27.6 34.8 41.8 25.1 49.7 25.6 17.1 15.2 26.8 21.6 NFP reported (incl. IFRS) (54.7) (23.1) (94.7) (33.6) (92.0) (10.5) (33.7) 57.4 (2.7) 122.1 74.7 64.9 119.0 17.5 23.4 Net Working Capital (April 2020 –July 2026) Currency: €'m Apr 20 Oct 20 Apr 21 Oct 21 Apr 22 Oct 22 Apr 23 Oct 23 Apr 24Oct 24

Pro-

formaApr 25 Jul25 Oct25 Apr26 Jul26 Net working capital 54.7 76.7 (2.7) 24.1 (32.5) 20.3 (17.1) 36.1 (13.4) 101.2 28.1 38.7 61.5 (31.4) 9.9 NWC as % of LTM revenues 3.1% 3.6% (0.1%) 1.1% (1.4%) 0.8% (0.6%) 1.2% (0.4%) 3.1% 0.8% 1.1% 1.8% (0.9%) 0.27%

24148.8

(53.9)

(159.8) (64.9)260.124.5

(60.4)

(21.4)

(73.6)

(58.8)11.9

(19.8)

(21.1)(23.4)50.8122.5 149.8Euro million

(100.0)(50.0)50.0100.0150.0200.0250.0

Incremento Decremento TotaleNFP reported (incl. IFRS) bridge from July 31, 20 25 to July 31, 20 26 FCF before Capex for Eu 203 million Investments LTM amounted to Eu 121 mnof which Eu 59mnallocated to M&A and acquisition of minority interestsShare buybacks and dividends in

the LTM

amounts to Eu

41 mn

Increase Decrease TotalAsofJuly 31,2026 ,NetFinancial Position (NFP) excluding IFRS debts amounts toEu149.8million (netcash), compared toEu148.8million asofJuly 31,2025 .After accounting forIFRS liabilities ofEu173.3million, thereported NFP shows anetdebt ofEu23.4million ,improving from Eu64.9million asofJuly 31,2025 ,reflecting LTM investments ofEu 121million (netofdisposals ofnon-core assets), with Eu59million allocated toM&A andMinorities Acquisitions, LTM share buy-backs anddividend distributions ofEu41million, andFree Cash Flow before CapEx ofEu203million .

25▪ Group’s Business Model and Strategy ▪ Group’s Industrial Plan FY 2027 -2028 ▪ Group’s Financial Results 1Q 2027 ▪ Annexes Financial StatementsAgenda

26Group Reclassified Income Statement 1 Q 2021 -1Q2027 Currency: €'m 1Q 21 1Q 22 1Q 23 1Q 24 4Q 24 1Q 2511Q26 1Q271Q22 vs

1Q211Q23 vs

1Q221Q24 vs

1Q231Q25 vs

1Q241Q26 vs

1Q251Q27 vs

1Q26

Net revenue 484.2 547.8 663.7 767.5 796.2 812.6 829.1 886.7 13.1% 21.2% 15.6% 5.9% 2.0% 6.9% Other income 3.6 5.0 6.2 8.9 18.2 15.0 16.6 14.4 36.7% 24.9% 43.2% 68.7% 10.4% (13.5%) Total revenue and other income 487.8 552.8 669.9 776.4 814.3 827.6 845.7 901.1 13.3% 21.2% 15.9% 6.6% 2.2% 6.5% Costs for purchasing products (385.7) (422.1) (503.0) (578.0) (617.0) (606.7) (613.9) (662.0) 9.4% 19.2% 14.9% 5.0% 1.2% 7.8% Costs for services and use of third -party assets (37.1) (43.9) (60.9) (70.6) (56.0) (72.7) (71.6) (69.2) 18.3% 38.7% 16.0% 3.0% (1.5%) (3.3%) Personnel costs (35.6) (47.0) (57.3) (70.3) (79.2) (87.2) (97.8) (102.7) 32.1% 21.7% 22.7% 24.1% 12.2% 5.0% Other operting expenses (1.0) (1.2) (1.2) (1.7) (2.9) (2.7) (1.7) (1.9) 21.1% 0.6% 41.8% 54.3% (36.3%) 11.1% Total Costs for purchasing products and Operating Costs(459.5) (514.3) (622.4) (720.6) (755.1) (769.3) (785.1) (835.8) 11.9% 21.0% 15.8% 6.8% 2.1% 6.5%

EBITDA 28.3 38.5 47.6 55.8 59.2 58.4 60.7 65.3 35.7% 23.7% 17.2% 4.7% 4.0% 7.6%

Depreciation/Amortisation of tangible and intangible assets (software)(5.5) (7.1) (8.3) (9.5) (10.4) (11.1) (12.7) (14.1) 28.0% 17.5% 14.1% 17.7% 14.3% 10.5% Provisions and other non -monetary costs (0.9) (0.8) (1.8) (1.6) (2.0) (0.1) (0.7) (1.0) (15.1%) 135.6% (13.5%) (92.6%) 482.6% 48.7% EBIT Adjusted 21.9 30.6 37.5 44.7 46.8 47.1 47.3 50.2 39.7% 22.3% 19.4% 5.3% 0.3% 6.2% Amortisation of client lists and know how (PPA) (1.6) (2.4) (3.6) (5.4) (7.8) (7.7) (8.7) (8.7) 56.1% 47.1% 50.3% 42.5% 12.8% 0.4% Stock grants (0.7) (0.8) (0.8) (1.0) (3.2) - - - 6.4% (2.6%) 25.0% (100.0%) - -

EBIT 19.6 27.4 33.1 38.4 35.8 39.4 38.6 41.4 39.6% 20.8% 15.9% 2.7% (2.1%) 7.5%

Net financial income and expense (1.0) (1.3) (2.2) (6.3) (11.0) (7.4) (7.2) (7.5) 30.7% 73.0% 182.2% 16.9% (3.0%) 4.7%

EBT 18.6 26.1 30.8 32.0 24.8 32.0 31.4 33.9 40.1% 18.2% 3.8% (0.1%) (1.9%) 8.1%

Income taxes (5.4) (7.6) (8.5) (8.8) (10.3) (8.1) (7.9) (8.5) 38.8% 12.0% 3.7% (7.1%) (3.2%) 8.1% Net result 13.2 18.5 22.4 23.2 14.4 23.8 23.5 25.4 40.7% 20.8% 3.8% 2.5% (1.4%) 8.1% Net result attributable to the Group 11.8 17.2 20.7 22.0 13.4 21.7 21.6 23.3 45.1% 20.7% 5.9% (1.1%) (0.7%) 8.1% Net result attributable to non -controlling interests 1.3 1.3 1.6 1.3 1.1 2.1 1.9 2.1 1.0% 21.4% (22.4%) 64.8% (9.1%) 8.2% Adjusted net result 14.8 20.8 25.5 28.6 23.3 29.3 30.0 32.1 40.6% 22.3% 12.3% 2.4% 2.2% 7.2% Group Adjusted Net Result 13.5 19.5 23.9 27.4 22.2 27.2 28.1 30.1 44.5% 22.4% 14.7% (0.5%) 3.1% 7.1% (1) 1Q25 includes the pro forma contribution of the GreenSun acquisition (finalised in November 2024)

27Group Reclassified Income Statement FY 2020 -26 (1) FY 25 includes the pro forma contribution of the GreenSun acquisition (finalised in November 2024)Currency : €'m FY20 FY21 FY22 FY23 FY24 FY251FY26FY21 vs

FY20FY22 vs

FY21FY23 vs

FY22FY24 vs

FY23FY25 vs

FY24FY26 vs

FY25

Net revenue 1,762.6 2,022.5 2,362.6 2,867.7 3,164.5 3,298.2 3,565.3 14.7% 16.8% 21.4% 10.3% 4.2% 8.1% Other income 13.4 14.8 27.2 39.9 45.9 58.6 55.5 10.3% 84.3% 46.7% 15.0% 27.6% (5.3%) Total revenue and other income 1,776.0 2,037.2 2,389.8 2,907.6 3,210.4 3,356.8 3,620.8 14.7% 17.3% 21.7% 10.4% 4.6% 7.9% Costs for purchasing products (1,429.2) (1,590.3) (1,818.4) (2,201.6) (2,385.6) (2,434.1) (2,653.2) 11.3% 14.3% 21.1% 8.4% 2.0% 9.0% Costs for services and use of third -party assets (133.4) (153.8) (199.5) (243.4) (277.6) (310.7) (301.0) 15.3% 29.7% 22.0% 14.1% 11.9% (3.1%) Personnel costs (114.8) (163.0) (197.7) (238.4) (298.7) (360.1) (395.6) 42.0% 21.3% 20.6% 25.3% 20.6% 9.9% Other operting expenses (4.1) (4.2) (6.6) (14.8) (9.1) (11.2) (10.6) 1.3% 56.4% 125.8% (38.8%) 23.1% (5.2%) Total Costs for purchasing products and Operating Costs (1,681.5) (1,911.2) (2,222.1) (2,698.2) (2,970.9) (3,116.1) (3,360.4) 13.7% 16.3% 21.4% 10.1% 4.9% 7.8%

EBITDA 94.5 126.0 167.7 209.4 239.5 240.7 260.4 33.4% 33.1% 24.9% 14.4% 0.5% 8.2%

Depreciation/Amortisation of tangible and intangible assets (software)(17.1) (24.7) (30.0) (35.3) (40.3) (50.2) (54.8) 44.2% 21.7% 17.8% 13.9% 24.6% 9.1% Provisions and other non -monetary costs (7.4) (6.3) (7.5) (6.4) (6.5) (5.2) (8.1) (15.2%) 19.5% (14.4%) 1.8% (21.1%) 57.8% EBIT Adjusted 70.0 95.1 130.2 167.7 192.7 185.4 197.5 35.8% 36.9% 28.8% 14.9% (3.8%) 6.5% Amortisation of client lists and know how (PPA) (4.6) (7.8) (11.7) (18.3) (28.0) (32.6) (37.5) 71.2% 49.6% 56.2% 53.3% 16.3% 15.1% Stock grants (1.5) (3.3) (4.3) (6.7) (7.7) (7.2) (8.0) 112.5% 32.4% 56.4% 14.6% (7.2%) 12.1%

EBIT 63.9 84.0 114.2 142.7 157.0 145.7 152.0 31.5% 35.9% 24.9% 10.0% (7.2%) 4.3%

Financial income / (charges) (5.0) (6.5) (6.7) (16.7) (37.0) (40.5) (34.0) 28.6% 3.7% 149.3% 121.2% 9.5% (16.0%) FX gains / (losses) (0.4) 1.0 (0.1) 0.8 0.9 (1.4) (0.6) (357.8%) (114.8%) (655.3%) 19.5% (254.8%) (60.9%) Income / (loss) on equity method investments 1.7 2.3 1.7 1.6 0.9 1.0 0.9 38.1% (25.6%) (9.9%) (39.7%) 0.4% (5.9%) Net financial income and expense (3.7) (3.2) (5.1) (14.4) (35.1) (41.0) (33.7) (14.3%) 61.0% 181.4% 144.3% 16.8% (17.9%)

EBT 60.2 80.8 109.1 128.3 121.8 104.6 118.3 34.3% 35.0% 17.6% (5.0%) (14.1%) 13.1%

Income taxes (18.0) (24.0) (30.5) (38.1) (38.8) (33.4) (37.7) 33.5% 26.7% 24.9% 1.8% (13.8%) 12.8% Net result 42.2 56.8 78.6 90.2 83.1 71.2 80.6 34.6% 38.4% 14.8% (7.9%) (14.3%) 13.2% Net result attributable to the Group 37.9 52.3 73.5 84.5 78.3 64.2 71.7 37.9% 40.6% 14.9% (7.3%) (17.9%) 11.6% Net result attributable to non -controlling interests 4.3 4.5 5.1 5.8 4.8 7.0 8.9 5.6% 13.0% 13.0% (16.9%) 45.9% 27.4% Adjusted net result 45.4 62.4 87.8 108.0 111.2 102.8 115.0 37.2% 40.7% 23.1% 2.9% (7.5%) 11.8% Group Adjusted Net Result 41.2 57.8 82.7 102.3 106.4 95.8 106.1 40.5% 42.9% 23.7% 4.1% (9.9%) 10.7%

28Reclassified Balance Sheet July 31, 2020 -July 31, 2026 Currency : €'m Jul20 Jul21 Jul22 Jul23 Jul24 Jul25 Jul26 Intangible assets 102.3 171.5 259.7 417.1 490.7 532.6 530.5 Property , plant and equipment (IFRS 16 incl.) 88.1 99.7 116.3 129.8 149.2 163.6 170.2 Investments valued atequity 12.1 14.4 15.4 23.5 24.5 17.5 14.4 Other non -current receivables and deferred tax assets 28.8 29.8 34.0 45.5 44.9 42.8 46.2 Total non -current assets 231.4 315.3 425.5 615.9 709.3 756.5 761.4 Inventories 102.3 110.1 162.3 181.8 162.5 194.7 195.5 Current trade receivables 393.0 389.0 483.6 559.7 548.3 623.4 658.6 Payables to suppliers (347.1) (402.9) (546.1) (635.3) (616.5) (655.8) (701.5) Trade working capital 148.2 96.3 99.8 106.2 94.2 162.3 152.7 Other current assets 49.6 68.1 131.4 141.1 141.7 143.6 199.2 Other current payables (108.3) (147.7) (220.0) (237.1) (236.7) (267.2) (341.9) Net working capital 89.4 16.7 11.1 10.2 (0.8) 38.7 9.9 Non-current liabilities (63.4) (87.4) 122.1 (164.3) (187.3) (208.9) (200.8) Net Invested Capital 257.4 244.6 314.5 461.8 521.2 586.4 570.5 Shareholders Equity 266.6 292.6 355.0 450.4 496.2 521.5 547.1 Cash and cash equivalents (355.6) (465.1) (472.5) (510.7) (542.2) (514.6) (540.0) Financing current and not current 281.2 285.9 264.2 302.2 358.1 365.8 390.1 Net Financial Position (74.4) (179.2) (208.3) (208.5) (184.1) (148.8) (149.8) IFRS 16 liabilities 40.3 42.0 42.9 34.9 43.9 53.9 50.8 IFRS 3 liabilities 24.9 89.2 124.9 184.9 165.2 159.8 122.5 Net Financial Position Reported (9.2) (48.0) (40.5) 11.4 25.0 64.9 23.4 Total Shareholders Equity and NFP 257.4 244.6 314.5 461.8 521.2 586.4 570.5

29Reclassified Balance Sheet April 30, 2020 -April 30, 2026 Currency : €'m Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26 Intangible assets 74.3 142.8 228.3 368.5 457.1 531.0 551.1 Of which M&A 66.0 130.0 213.6 350.4 430.9 473.5 498.0 Property, plant and equipment (IFRS 16 incl.) 84.0 99.9 111.9 125.9 149.8 167.9 175.7 Investments valued atequity 12.2 13.9 14.6 24.9 23.9 17.5 14.5 Other non -current receivables and deferred tax assets 25.7 27.9 32.9 37.1 38.7 39.3 47.0 Total non -current assets 196.1 284.5 387.7 556.4 669.5 755.7 788.4 Inventories 91.1 86.9 144.0 158.7 156.2 147.6 145.3 Current trade receivables 393.6 355.8 434.6 530.3 571.1 604.6 650.8 Payables to suppliers (379.1) (366.1) (525.9) (586.1) (638.0) (595.1) (672.3) Trade working capital 105.7 76.6 52.7 102.9 89.3 157.1 123.8 Other current assets 48.6 63.4 90.8 131.3 139.1 158.5 163.1 Other current payables (99.6) (142.7) (176.0) (251.3) (241.8) (287.6) (318.2) Net working capital 54.7 (2.7) (32.5) (17.1) (13.4) 28.1 (31.4) Non-current liabilities (51.7) (79.2) (112.0) (148.9) (181.4) (208.3) (210.2) Net Invested Capital 199.2 202.7 243.2 390.4 474.7 575.5 546.8 Shareholders Equity 253.9 297.4 335.2 424.1 477.3 500.8 529.2 Cash and cash equivalents (368.9) (426.9) (498.9) (545.5) (585.8) (576.9) (584.1) Financing current and not current 258.6 229.5 253.6 306.0 374.7 418.5 402.0 Net Financial Position (110.3) (197.4) (245.3) (239.5) (211.0) (158.4) (182.1) IFRS 16 liabilities 38.6 43.9 44.9 50.1 48.1 57.2 56.4 IFRS 3 liabilities 17.0 58.8 108.4 155.7 160.2 176.0 143.2 Of which deferred prices 5.6 17.2 19.2 34.8 25.1 25.6 26.8 Net Financial Position Reported (54.7) (94.7) (92.0) (33.7) (2.7) 74.7 17.5 Total Shareholders Equity and NFP 199.2 202.7 243.2 390.4 474.7 575.5 546.8

30The Corporate segment includes the consolidation of Digital EcosystemReclassified Income Statement by sector 1Q 2027 vs 1Q2026 Eu million 1Q 2027 1Q 2026 ICT VAS Green SSIBusiness

ServicesCorporate &

Dig. EcosystemGroup ICT VAS Green SSIBusiness

ServicesCorporate &

Dig. EcosystemGroup

Total Revenues and Other Income 536.9 127.4 212.9 40.8 18.1 901.1 496.8 111.4 219.9 36.9 16.2 845.7 Change Y/Y 8.1% 14.4% (3.2%) 10.7% 11.8% 6.5% Gross Margin 46.8 14.4 135.1 37.6 16.7 239.1 44.0 12.1 139.0 34.1 14.8 231.8 Opex (22.3) (6.8) (112.1) (29.0) (15.2) (173.9) (21.9) (5.9) (115.5) (26.8) (13.4) (171.1) Ebitda 24.6 7.7 22.9 8.6 1.5 65.3 22.2 6.2 23.5 7.3 1.4 60.7 Ebitda Margin 4.6% 6.0% 10.8% 21.1% 8.3% 7.2% 4.5% 5.6% 10.7% 19.9% 8.7% 7.2% Change Y/Y 10.7% 23.1% (2.5%) 17.6% 6.9% 7.6%

D&A (1.3) (0.4) (9.2) (2.7) (0.6) (14.1) (1.3) (0.2) (8.8) (2.0) (0.5) (12.7)

Provisions (0.2) (0.0) (0.5) (0.2) (0.0) (1.0) (0.1) (0.0) (0.5) (0.0) (0.0) (0.7) Ebit Adjusted 23.1 7.3 13.2 5.7 0.9 50.2 20.8 6.0 14.3 5.3 0.9 47.3 Ebit Adjusted Margin 4.3% 5.7% 6.2% 14.0% 5.2% 5.6% 4.2% 5.4% 6.5% 14.5% 5.6% 5.6% Change Y/Y 11.1% 21.5% (7.4%) 7.0% 3.1% 6.2% PPA Amortisation and other non -

monetary costs(0.5) (0.2) (5.1) (2.8) (0.3) (8.7) (0.5) (0.2) (5.1) (2.7) (0.2) (8.7) Ebit 22.6 7.1 8.2 2.9 0.7 41.4 20.3 5.8 9.1 2.6 0.7 38.6 Ebit Margin 4.2% 5.6% 3.8% 7.1% 3.8% 4.6% 4.1% 5.2% 4.2% 7.0% 4.4% 4.6% Net Financial Charges (3.5) 0.0 (1.9) (1.1) (0.2) (7.5) (3.4) (0.0) (2.6) (1.0) (0.2) (7.2) Income Taxes (4.2) (1.9) (2.2) (0.1) (0.1) (8.5) (3.7) (1.5) (2.4) (0.1) (0.1) (7.9)

EAT 14.9 5.2 4.0 1.6 0.4 25.4 13.2 4.3 4.2 1.5 0.4 23.5

PPA Amortisation and other non -

monetary costs (net of taxes)0.4 0.2 3.8 2.3 0.2 6.7 0.4 0.2 3.8 2.0 0.1 6.5 EAT Adjusted 15.2 5.4 7.8 3.9 0.6 32.1 13.5 4.5 7.9 3.5 0.5 30.0 Change Y/Y 12.6% 20.8% (1.5%) 11.4% 4.2% 7.2% Net profit attributable to non -

controlling interests0.2 1.2 0.7 (0.0) 0.1 2.1 0.1 1.0 0.7 (0.0) 0.1 1.9 Group EAT adjusted 15.1 4.2 7.1 3.9 0.5 30.1 13.4 3.5 7.2 3.5 0.5 28.1 Group EAT adj Margin 2.8% 3.3% 3.4% 9.5% 2.8% 3.3% 2.7% 3.1% 3.3% 9.4% 3.0% 3.3% Change Y/Y 12.6% 20.3% (1.3%) 11.4% 5.0% 7.1%

31(1) Consolidated Adjusted Net Income attributable to the Group, before the amortization of intangible assets (Customer lists an d Know-how) (2) 1H 25 includes the pro forma contribution of the GreenSun acquisition (finalised in November 2024) (3) The Corporate segment includes the consolidation of Digital EcosystemReclassified Income Statement by sector FY 2026 vs FY 2025 Eu million FY 2026 FY 2025 Pro -forma2 ICT VAS Green SSIBusiness ServicesCorporate & Dig.

Ecosystem3Group ICT VAS Green SSIBusiness ServicesCorporate & Dig.

Ecosystem3Group

Total Revenues and Other Income 2,254.7 412.2 908.8 158.5 67.5 3,620.8 2,075.5 343.8 875.7 153.5 62.1 3,356.8 Change Y/Y 8.6% 19.9% 3.8% 3.2% 8.8% 7.9% Gross Margin 190.9 55.0 568.4 146.4 64.8 967.6 181.1 46.3 543.6 141.6 55.9 922.7 Opex (89.6) (26.0) (471.8) (116.6) (59.4) (707.2) (91.1) (21.8) (448.8) (114.2) (51.8) (682.0) Ebitda 101.3 29.0 96.6 29.7 5.4 260.4 90.0 24.5 94.9 27.3 4.1 240.7 Ebitda Margin 4.5% 7.0% 10.6% 18.8% 8.0% 7.2% 4.3% 7.1% 10.8% 17.8% 6.7% 7.2% Change Y/Y 12.6% 18.4% 1.8% 8.8% 30.2% 8.2%

D&A (5.3) (1.2) (37.9) (8.4) (2.0) (54.8) (5.0) (1.0) (35.7) (7.2) (1.2) (50.2)

Provisions (1.0) (0.5) (4.3) (1.5) (0.7) (8.1) (1.2) (0.7) (1.9) (0.8) (0.5) (5.2) Ebit Adjusted 95.0 27.3 54.3 19.8 2.7 197.5 83.7 22.8 57.2 19.3 2.5 185.4 Ebit Adjusted Margin 4.2% 6.6% 6.0% 12.5% 4.0% 5.5% 4.0% 6.6% 6.5% 12.5% 4.0% 5.5% Change Y/Y 13.6% 19.6% (5.1%) 2.7% 9.7% 6.5% PPA Amortisation and other non -monetary costs(3.7) (0.6) (24.6) (11.4) (5.4) (45.6) (2.7) (0.9) (18.7) (11.0) (6.4) (39.8) Ebit 91.3 26.6 29.7 8.3 (2.7) 152.0 81.0 21.9 38.5 8.3 (4.0) 145.7 Ebit Margin 4.1% 6.5% 3.3% 5.3% (4.0%) 4.2% 3.9% 6.4% 4.4% 5.4% (6.4%) 4.3% Net Financial Charges (23.9) (0.2) (11.9) (3.6) 5.9 (33.7) (25.6) (0.6) (11.7) (2.9) (0.2) (41.0) Income Taxes (20.8) (7.4) (8.7) (0.7) (0.2) (37.7) (16.3) (6.2) (11.5) 0.2 0.3 (33.4)

EAT 46.7 19.0 9.1 4.0 3.0 80.6 39.1 15.1 15.3 5.6 (3.9) 71.2

PPA Amortisation and other non -monetary costs (net of taxes)4.1 0.5 17.7 8.2 4.0 34.4 3.0 0.7 15.3 7.8 4.7 31.6 EAT Adjusted 50.7 19.5 26.8 12.2 7.0 115.0 42.1 15.8 30.6 13.4 0.8 102.8 Change Y/Y 20.5% 23.1% (12.4%) (9.0%) 772.5% 11.8% Net profit attributable to non -controlling interests0.7 1.1 3.3 (0.2) 0.3 8.9 0.6 3.9 2.0 (0.8) (0.0) 7.0 Group EAT adjusted150.1 18.4 23.6 12.4 6.8 106.1 41.5 11.9 28.6 14.2 0.8 95.8 Group EAT adj Margin 2.2% 4.5% 2.6% 7.8% 10.0% 2.9% 2.0% 3.5% 3.3% 9.3% 1.4% 2.9% Change Y/Y 20.6% 54.1% (17.7%) (12.7%) 699.6% 10.7%

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