Prysmian to
acquire Atkore
2The transaction will accelerate Prysmian’s evolution into a fully -fledged electrical solutions providerPrysmian to acquire Atkore Enhancing U.S. leadership One -stop shop Long -term growth
Value creation
Disciplined growthAnd increasing North America exposureComprehensive product and commercial footprintWell positioned to benefit from investments in electrification and data center infrastructure $150m run-rate synergies and EPS1accretive already in Year 1 (before synergies)Transaction funded through a mix of debt & equity, targeting to preserve investment grade rating
3Atkore will accelerate Prysmian’s strategyPrysmian to acquire Atkore Combination of innovation leaders with complementary products and service Cable and adjacent solutions ‘Made in America’ with over 60 combined sites Leverage on same go -to-market to strengthen
customer relationships
Run -rate pre -tax synergies of approx. $150 million within 3 years from closingOne -stop shop
Solution sProviderExpanded
Product Offering
Common
go-to-marketSynergy
Opportunities
Boosting service levels, efficiency and vertical
integration
4–U.S. electrical solutions leaderPrysmian to acquire Atkore
AT A GLANCE
•Founded in 1959 and based in Harvey, Illinois •Leader in electrical ,
safety and
infrastructure
solutions
•Approx. 5,400
employees with ~30
major manufacturing
and distribution
centers
•Approx. 90% of
revenues from
electrical
infrastructure SEGMENTS
$2,850m
Revenues
$386m
Adj. EBITDA
14%
Adj. EBITDA marginKEY FIGURES1SOLUTIONS
Conduits
Cable
Management
Systems
Metal
Framing
4
Data
centers
Industrial &
Construction
Renewables
Specialties
Utilities
Value creation , disciplined growth Prysmian to acquire Atkore 5
$3.8 bn
$95p.s. in cash$150 m run-rate pre-tax synergiesPRESERVE
INVESTMENT GRADE
RATING
ENTERPRISE VALUE
VALUE CREATION
DISCIPLINED GROWTH
Multiples:
9.8x EBITDA 2025A
7.1x with run-rate synergiesHigh single -digit EPS accretion in Y1.
Double -digit EPS accretion post -synergiesFunded through mix of debt and equity Pro-forma Net Debt/Adjusted EBITDA at 1.4x at 2026 year -end1
Closing RemarksPrysmian to acquire Atkore Prysmian to become a
fully
-
fledged electrical solutions provider in North America
Creating a
unique solutions player leading the electrification & AI -
driven
infrastructure markets
One -
stop shop
with expanded service model & product portfolio exposed to
long
-
term growth trends Already accretive in year 1
(before synergies)
double
-
digit accretion
(after synergies)
6
FootnotesPrysmian to acquire Atkore •Slide 2: 1) EPS stands for Earnings Per Share. The estimated EPS accretion excludes any potential effects arising from the allocation of the purchase price under IFRS, which remains subject to completion and finalization following the closing of the Transaction. Atk orefinancial information is presented in accordance with U.S. GAAP.
•Slide 4: 1) Revenue, Adjusted EBITDA and margin refer to Atkore’s financial FY25 (FYE Sep -25). Atkore financial information is presented in accordance with U.S. GAAP •Slide 5: 1) 1.4x Net Leverage figure based on Prysmian's updated standalone guidance (mid -point Adjusted EBITDA of €2,850m and mid -point FCF of €1,700m) and the pro -forma inclusion of Atkore's expected FY2026 EBITDA.
•Slide 9 : 1) Atkore’s fiscal year ends on September 30, whereas Prysmian reports on a calendar -year basis (December 31 year -end). The pro for ma aggregate results are unaudited.
7
Appendix
North American footprint enhanced Revenues 20251Prysmian to acquire Atkore
EMEA
48%
North
America
40%LATAM
7%APAC
5%
Europe
8%
United
States
88%Other
Americas
3%APAC
2%Pro Forma Combined + €19.7bn €2.5bn €22.1bn
EMEA
43%
North
America
45%LATAM
7%APAC
5% =
9
Disciplined Growth, Proven Track Record €4.4bn~ €14bn~ €40bn ~ €17bn Market Cap. over timePrysmian to acquire Atkore
2017202420252026
Proven North American playbook for long -term value creation 10
Highly Complementary Portfolios, One Combined
Offering
Prysmian brings
The world leader in cable solutions •A leader in North America , reinforced by Encore Wire’s rapid service model •‘Made in America’ thanks to approx. 30 manufacturing sites, and strong vertical integration across the business •Businesses for both electrical and digital cable solutions •Approx. $9bn North American Revenues
Atkore brings
U.S. leader in electrical & infrastructure solutions Creating a one-stop shop for data center, utilities and I&C customers that value speed and simplification•A leader in cable -adjacent solutions in North America (conduit, fittings, armoring) •Expansive footprint with approx. 30 manufacturing & distribution centers in the U.S •Distributor -led commercial model supplying customers, utilities, data centers, I&C, renewables & specialties •Approx. $3bn Revenues .Prysmian to acquire Atkore 11