1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023

1°Half 2023 Financial Results Presentation

Headquarters:

1

IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy

www.irce.it

1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023

IRCE Group - Contents

Company Profile

•Highlights •The Businesses •Production Plants

Financial Results

•Copper and Aluminium Price Trend

•Profit and Loss Statement

•Balance Sheet

•Business Performance

•Market Performance

Headquarters:

2

IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy

www.irce.it

1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023

Company Profile - Highlights

IRCE is a leading European Group operating in the industries of magnet wires and cables

IRCE Today

Uom

1°H 2023

1°H 2022

Number of employees FTE

Nr

657

719

TURNOVER

Eur M

219.0

261.0

EBITDA

Eur M

11.4

8.5

EBITDA Adj*

Eur M

11.3

8.9

EBIT

Eur M

7.6

4.8

EBIT Adj*

Eur M

7.5

5.2

RESULT of the period

Eur M

4.9

4.2

The data includes Miradolo italian plant sold on June 30, 2022

(*) Including gains/losses on copper and energy derivatives transactions if realized

FY 2022

648

454.7

19.4

19.9

11.6

12.1

9.2

History

1947

IRCE began its activity in Imola (Italy) with the production of magnet wires

1961

The company started the production of PVC insulated low voltage cables

1996

The Group was listed on the Italian Stock Exchange

1998

Acquisition of Smit Draad Nijmegen BV (The Netherlands)

2001

Acquisition of FD Sims Ltd (UK)

2001

The Group was listed on the Star Market Segment

2007

Construction of Brazil Plant

2007

Acquisition of Stable Magnet Wire P. Ltd (India)

2010

Acquisition of ISODRA GmbH (Germany)

2015

New sales office in Poland

2018

Established the Company in China

2021

Established the Company in Czech Republic

2022

June 30, sold the branch of the company for the production of power cables located in Miradolo Terme Italy

Headquarters:

3

IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy www.irce.it

1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023

Company Profile - The Businesses

IRCE Group works in two business areas:

Magnet wires

81% of sales

Energy cables

19% of sales

Sales breakdown by business areas

Sales breakdown by geographical area

Energy cables

Magnet Wires

19%

81%

Headquarters:

4

IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy

www.irce.it

1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023

Company Profile - The Businesses

Magnet Wires

Magnet wires, also known as winding wires or enamelled wires, have multiple applications such as electric motors, generators, transformers, compressors, inductors, relays, solenoid valves, etc. The wire is insulated through the application of many layers of enamels by means of highly sophisticated processes and machines, which demand high levels of investments and large scale of productions.

Energy Cables

Cables produced by the Group encompass the complete range of Low Voltage and Medium Voltage for building and industrial sector. Cables can be insulated with PVC, rubber, polyethylene, etc.. They are used for the construction of electricity plants in residential and industrial buildings and for the wiring and cabling of electrical appliances. The principal final industry sectors are the construction industry, housing and industrial applications, and consumer durables industries (domestic appliances and other electrical appliances).

Headquarters:

5

IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy

www.irce.it

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Disclaimer

IRCE S.p.A. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 09:31:10 UTC.