1H 2021 RESULTS

July 30, 2021

www.fincantieri.com

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Fincantieri does not undertake to provide any additional information or to remedy any omissions in or from this Presentation. Fincantieri does not intend, and does not assume any obligation, to update industry information or forward-looking statements set forth in this Presentation. This presentation does not constitute a recommendation regarding the securities of the Company.

Declaration of the Manager responsible for preparing financial reports

Pursuant to art. 154-BIS, par. 2, of the Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate accounting documents at Fincantieri, Felice Bonavolontà, declares that the accounting information contained herein correspond to document results, books and accounting records.

Agenda

S U M M A R Y & B U S I N E S S U P D AT E

F I N A N C I A L R E S U L T S

O U T L O O K

A P P E N D I X

SUMMARY & BUSINESS UPDATE

Executive summary

Back to profitability: revenues up 28%, EBITDA +84%, adjusted net income €49 mln, guidance confirmed

Revenues (€ mln)

3,251 3,026

2,369

1H20 1H21 1H21(1) Ebitda (€ mln)

5.0% 6.7% 7.2%

219 219

119

1H20 1H21 1H21(1) Net debt (€ mln)

1,617

1,062

FY20 1H21

REVENUES EXCLUDING PASS-THROUGH ACTIVITIES +28% YOY

EBITDA AT €219 MLN AND EBITDA

MARGIN AT 7.2% EXCLUDING PASS-

THROUGH ACTIVITIES

ADJUSTED NET INCOME €49 MLN AND

€42 MLN EXTRAORDINARY COSTS

NET DEBT CONSISTENT WITH

EXPECTED DELIVERY SCHEDULE AND IN

LINE WITH 1Q21 (3 CRUISE SHIPS

DELIVERED IN JULY WITH A CUMULATIVE

CASH-IN OF €1.5 BN)

NET DEBT €1.2 BN AS OF JULY 2021

  • Confirmed guidance on FY 2021 with revenues expected to reach more than +25% YoY and EBITDA margin at 7%, despite increasing commodity prices
  • Total backlog with 111 units at €37 bn, 7.1x 2020 revenues: backlog with 93 units at €27.6 bn and soft backlog at €9.4 bn
  • Record-highproduction volumes (with 8.4 mln production hours at Italian sites, up ~50% YoY) in order to execute the hefty backlog and stick to the planned delivery schedule
  • Corporate vaccination program successfully launched in June at Italian yards, addressing both our employees and subcontractors
  • 7 ships successfully delivered from 6 different shipyards and 6 cruise ships to be handed over in the second half of the year (out of which 3 delivered in July)
  • Awards: Second FFG-62 frigate for the US Navy; prime contractor of the program for 6 frigates for the Indonesian Navy; new MSC cruise terminal at PortMiami

(1) Excluding the effect of pass-through activities

5

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Fincantieri S.p.A. published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 06:38:06 UTC.