Piovan S p A : Financial Results FY2021

FY 2021 FINANCIAL RESULTS

24th March 2021

PIOVAN GROUP AT A GLANCE

THE LEADING AUTOMATION SOLUTIONS PROVIDER FOR PLASTIC, FOOD & NON PLASTIC, SERVICES

	•	Engineering, production and
What		installation of customized
we do		automation solutions
	• Global leader in plastic and plastic
Applications		compounds
•	Growing presence in food and non
		plastic (e.g. powder ingredients)
	• Global and diversified customer base
Our		across several end-markets
customers	•	Ca 4,500 customers1
	• 9 manufacturing sites in 4 continents
Global	•	31 services & sales companies
footprint		worldwide2

• 70+ countries covered
• C. 3.4% of Revenues invested in R&D
  Innovation and Engineering3

DNA	• 211 dedicated employees7

		FY 2021 Key Financials
Revenues	EBITDA	Net Income	Cash Conv.4	ROCE5

€287.0m	€ 41.2m	€ 27.7m	~ 95%	~ 63%
	(14.3% Margin)	(9.6% Margin)
+27.5%	+27.6%	+58.9%	0.8%
FY2020 - FY2021	FY2020 - FY2021	FY2020 - FY2021	Recurring Capex /
Revenues

FY 2021 Revenues Breakdown6

	by Geography	by Segment	by Channel
	South		Services	Distributors
	America
	Italy	12%	OEMs 6%
North	5%
America		19%		14%
18%			Food & Non
			Plastic
Asia		EMEA	10%
12%		46%	Plastic
			78%	End-
				users

81%	80%
International

Source: Company information

1In 2021 above 1.000€ T/O . 2As of Dec 2021, including 9 manufacturing sites . 3As of Dec 2021.4Defined as EBITDA - Recurring Capex / EBITDA. 5Computed as EBIT / Net Invested Capital excluding Goodwill and Put and Call Options. 6Excluding other sales & other income. 7As of Dec 2021.

3

OUR CORE IS PROCESS AUTOMATION FROM SILOS TO PRIMARY MACHINES…

Software

Complete Supervision, Monitoring and Control of the Production Process

Analysis

Instrumentation

1

2

3

4

5

6

7

Storage

Material Handling

Drying & Dehum.

Temperature Control

Dosing & Blending

Coolers

Granulators

Piovan products	5
Outside Piovan focus	1

2		6	7
4
	3
		Primary
		Machine

Automating The Whole Process From Silos To Primary Machines

Source: Company information

4

…SERVING A DIVERSIFIED RANGE OF END-MARKETS

Plastic

Food &

Non

Services

Consumer &

Construction &

Automotive &

Packaging

Plastic

Technical

Compounds

Industrial

As a percentage of Piovan FY 2021 Revenues

31.7%

26.1%

11.8%

7.9%

10.1%

12.3%

Preforms - PET

Rigid

Fibers

Recycling & Compound

Medical

Thermoforming

Film

Pipes & Cables

Tech Parts

Source: Company information

5