First Half 2021

Financial

Results

Milan, 28 July 2021

1H 2021

Financial

ESG

Appendix

Highlights

Results

2

1H 2021 Key highlights

SOLID PERFORMANCE CONTINUED IN Q2: +16.9% org. growth*

Strong recovery of Telecom and Energy Business driven by T&I, OEM & Renewables and Automotive

RESILIENT MARGINS: 7.8% Adj EBITDA Margin

Solid volume trend, cost efficiency and price management to balance raw materials cost inflation.

Negative forex impact (-22 €M).

NEW ORDERS ACCELERATING IN PROJECTS BUSINESS

More than 1.2 €Bn of new orders in H1

LEONARDO DA VINCI

The world's most advanced cable-laying vessel entering in operation to support the Energy Transition

Highest carousel capacity in the market Highest pulling/towing capacity in its class Deepest power cable installations up to 3,000 meters

© Prysmian Group 2021

* Organic growth YoY ex Projects

3

More than 1.2 €Bn of new orders in H1

1 SOO Green HVDC Underground Link (~ 900 $M cables) The biggest single project ever awarded to Prysmian

2 Sofia offshore wind project (~ 240 €M)

440 km of HVDC submarine export cables and 15 km of land cables for the 1.4 GW Sofia Offshore Wind Farm

project

3 Turkish Crossing (~140 €M)

Two HV submarine power cable links, one between Europe and Asia, the other across the Izmit Gulf in Asia

4 Ibiza - Formentera link (~ 46 €M)

Two HVAC 132 kV three-core export submarine power cables with XLPE insulation

© Prysmian Group 2021

4

1H 2021 Financial highlights

SALES

SALES

ORGANIC GROWTH*

6,034 €M 10.5%

SOLID ORGANIC GROWTH

+15.5% Telecom, recovery confirmed by a strong Q2 (19.6%)

+10% E&I, mainly driven by T&I (38.5% in

Q2)

+9.3% Industrial & NWC driven by OEM & Renewables and Automotive

ADJ. EBITDA

ADJ. EBITDA

ADJ. EBITDA MARGIN

470 €M

7.8%

RESILIENT MARGINS

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

Resilient margins despite raw material increase thanks to efficiency initiatives

Sound volume and strong efficiency measures in Telecom

Negative forex impact (-22 €M)

FREE CASH FLOW

FCF LTM

NET DEBT

447 €M

2,387 €M

FREE CASH FLOW

447 €M of FCF LTM excluding antitrust and acquisition cash-out

© Prysmian Group 2021

* Organic growth ex Projects

5

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Prysmian S.p.A. published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 15:33:28 UTC.