GVS SPA

SEP 2021

STRICTLY PRIVATE & CONFIDENTIAL

DISCLAIMER

The information contained in this presentation does not purport to be comprehensive and has not been independently verified by any independent third party.

This presentation does not constitute a recommendation regarding the securities of the Company.

This presentation does not contain an offer to sell or a solicitation of any offer to buy any securities issued by GVS S.p.A. or any of its subsidiaries.

This presentation contains certain forward-looking statements that reflect the Company's management's current views with respect to future

events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on GVS S.p.A.'s current expectations and projections about future events. Because these forward-looking statements are subject to risks and uncertainties, actual future results or performance may differ materially from those expressed in or implied by these statements due to any number of different factors, many of which are beyond the ability of GVS S.p.A. to control or estimate precisely, including changes in the regulatory environment, future market developments, fluctuations in the price, and other risks. You are cautioned not to place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this presentation. GVS S.p.A. does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation.

Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate accounting documents at GVS S.p.A. declares that the accounting information contained herein correspond to document results, books and accounting records.

Agenda

1

YTD June 2021 Outlook

2

Company Presentation

Appendix: Additional Materials

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YTD Jun 2021 GVS Performance Highlights

Sales: 30% of growth on the previous year

  • Q2 2021 weaker than the Q1 but in the overall trend H1 closed in line with the beginning expectation.
  • FY2021 expected with a final closing in a range of 340-350 M€ including the last acquisition.

EBITDA: +30,4% of Adjusted EBITDA Margin on H1 2020

  • H1 2021 Adjusted EBITDA at € 71,9 million mainly due to the sales increase.
  • Adjusted EBITDA Margin at 37,9% slightly improving on H1 2020 (37,7%)

ADJ NET INCOME: +52,7% on H1 2020 with margins on Sales improvement

NFP: 30,1 M€ of Net Available Cash.

  • 32 M€ of net operative cash generation
  • No Extraordinary Operations in the H1 2021, the last acquisition was closed in August 2021.
  • Right of Use about 10 M€

Leverage KPI: Debt/Equity and NFP/EBITDA under zero level

  • The two key financial KPI are solid and coherent with expectations.

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YTD Jun 2021 EVOLUTION OF SALES

TOTAL SALES YTD Jun 2021: 189,7 M€ +29,7% YoY

All the three GVS Main Divisions performed with a positive trend First Half 2021 in line with expectations

The Healthcare & Lifesciences Division registered the higher trend of sales

The Health & Safety Division was still growing compared to the same period of the past year, despite Q2 2021 showed the beginning of the past Covid 19 transition

The Energy & Mobility Division registered a significative trend of growth.

  • 189,7

€ 146,3

YTD Jun 2021

H1 2020

H1 2021

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GVS S.p.A. published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2021 12:31:02 UTC.