Eurotech S p A : Earnings Call - Q2 2023

2023 first half results

INVESTORS LIVE STREAMING PRESENTATION

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#2

H1 2023 financial highlights

Organic double-digit growth YoY confirmed +16.6% at constant exchange rates

Gross Profit Margin net of InoNet close to aspired run-rate, +540 bps YoY

47.9% (w/o InoNet), 46.6% (with InoNet)

EBITDA positive

YoY swing from -1.6M€ in H1 '22 to +2.7M€ in H1 '23

Opex growing YoY mostly due to InoNet consolidation Tech Talent war driving salaries increase contributed as well

Net Working Capital affected by imbalance btw payables & receivables

long tail of component shortage effects, easing towards year-end

Net Financial Position trend chasing NWC

some cash still parked in inventory, 3-4M€ reduction expected by year end

#3

business

update

#4

competitive advantage confirmed, once again

our offering praised by analysts and recognized by professional users

Eurotech rated "Hidden Champion"	of the customer: Eurotech
in "Open digital platforms for secure	with top ranking in the
zero-touch industrial IoT	User Rating 2023 for IoT
deployments" by PAC	conducted by techconsult

#5