Italian Sea S p A : Investor Presentation – London Roadshow / June 2024

Revenues amounting to Eu 95.6 mn, +12.2% vs Q1 2023

EBITDA amounting to Eu 16.1 mn, +16.6% vs Q1 2023, with a Margin on Revenues of 16.8%

Order Book amounting to Eu 1,344 mn at March 31st, 2024

Investments for the period amounting to Eu 2 mn

Net Financial Debt equal to Eu 25 mn following the actualisation of the state concession to 2072

2024 Guidance Confirmed: Revenues between Eu 400 - 420 mn and EBITDA Margin between 17 - 17.5%

2025 Strategic Outlook: Revenues between Eu 430 - 450 mn and EBITDA Margin between 18 - 18.5%

Unrivalled success story founded on the revamping of heritage Italian brands, focus on design and product quality, investments on production capacity,

and commitment to financial growth and solidity.

The Group's ambition is to exceed Eu 500mn in Revenues.

(Revenues - Eu mn)	Revenues	Revenues	Acquisition
CAGR	CAGR
	09-23	20-23
	21.6%	45.6%
	Rebranding		Acquisition
			Partnership

Acquisition

Partnership

Start-up

AcquisitionAcquisition

FOUNDATIONS		CONSOLIDATION & PARTNERSHIPS		FINANCIAL MARKETS & GROWTH

TISG's stock performance was in line with leading luxury brands.

+ %

+	%
É +	%

+ %

+ %

+ %

- %

- %

Source: Factset. Updated on 21/06/2024.

TISG's commercial approach and contract structure aim at eliminating risks with respect to inventory, achieving

favourable working capital dynamics, and locking in contractual margins.