Presentation (9 Months 2021 )

9M 2021 Financial Results

Leonardo da Vinci cable-laying vessel - A genius in motion

9M 2021	Financial	ESG	Appendix
Highlights	Results

2

9M 2021 Key highlights

SOLID PERFORMANCE CONTINUED IN Q3: +13.2% org. growth*

Solid recovery across all businesses, driven by both Energy and Telecom

RESILIENT MARGINS: 7.8% Adj EBITDA Margin; 9.0% at 2020 metal price (8.6% in 9M 2020)

Solid volume trend, cost efficiency and price management to balance cost inflation (raw materials and freight costs).

RECORD BACKLOG AND ORDER INTAKE

All time record backlog at over 4 billion euro. YTD order intake at ~ 2.3 €Bn

US MARKET ACCELERATING

SOO Green HVDC Underground Link (~ 900 $M cables)

The biggest single HV project ever awarded to Prysmian

Dominion Energy Group offshore wind (~ 630 €M)

The largest submarine project ever awarded in the US

Vineyard offshore wind farm (~ 200 €M)

Notice to proceed to start executing the first large scale offshore wind farm in the US.

© Prysmian Group 2021

* Organic growth YoY ex Projects

3

9M 2021 Financial highlights

SALES	ADJ. EBITDA
SALES	ORGANIC GROWTH* ADJ. EBITDA	ADJ. EBITDA MARGIN

FREE CASH FLOW

FCF LTM

NET DEBT

9,294 €M 11.4%

SOLID ORGANIC GROWTH

+12.3% E&I, mainly driven by T&I

+9.2% Industrial & NWC, with sound Renewables performance (+14%)

+13.5% Telecom, driven by sound volume recovery

725 €M

7.8%

RESILIENT MARGINS

Group margins at 9.0% at 2020 metal price vs 8.6% in 9M 2020

9M Adj EBITDA at the same level of 2019 ex-Forex effect

Energy Business Adj. EBITDA higher than pre-Covid 19 level

Negative forex impact (-19 €M)

282 €M 2,663 €M

FREE CASH FLOW

282 €M of FCF LTM excluding antitrust and acquisition cash-out

Operating net working capital LTM significantly affected by negative impact from metals and other raw material prices

Operative net working capital on annualized sales improving at 9.9% (vs. 12.1% in Sept 2020)

© Prysmian Group 2021

* Organic growth ex Projects

4

Record Order Intake

List of main projects awarded in 2021

SOO Green HVDC Underground Link (~ 900 $M cables) *

Dominion Energy offshore wind project (~ 630 €M) *

Sofia offshore wind project (~ 240 €M)

~ 2.3 €Bn

awarded YTD

Gode Wind 3 & Borkum Riffgrund 3

Wind Farms (~ 60 €M)

Turkish Crossing (~140 €M)

Egypt-Saudi Arabia Submarine link (~ 221 €M) *

Gruissan offshore windfarm (~30 €M)

Ibiza - Formentera link (~ 46 €M)

© Prysmian Group 2021

* Not yet included in the backlog at 30 September 2021

5