Prysmian S p A : Presentation (Full Year 2020 )

2020 Priorities

Protecting Value while Investing in the Future

PEOPLE & CUSTOMERS FIRST

/ Protecting employees also through widespread and continuous tests, distribution of sanitary material and PPE

/ + 17 mln€ investments in HSE

/ Continued strategic focus on Customer Centricity: On time delivery >94%

/ Cash flow protection Rigorous working capital management

Stricter Capex discipline

/ Effective cost control

Fixed & Variable Costs reduction

/ Relentless focus on serving the customers

/ Two 525kV HVDC Technologies (P Laser and XLPE)

/ High depth 3 core submarine cable installed at >900m with Crete-Peloponnese

/ Sirocco Extreme world's smallest diameter microduct optical cable using 180µm fiber

/ FlexRibbonTM cable with the highest density of fibers inside

/ Alesea smart virtual assistant for cable drums management

69%

48%

RECYCLED WASTE vs 63% in 2019

of revenues from LOW CARBON enabling products

84%

product families covered by carbon footprint measurement vs 70% in 2019

LABEL "ECO CABLE"

for green cables in response to new market trends

/ Pikkala cable plant to become GROUP'S FIRST NET-ZERO FACTORY / 450 €M investment by 2022 to support Sustainability, Energy Transition and Digitalization

/ FLU VACCINATIONS for employees and families

/ Confirmed with IMPROVING SCORES in Dow Jones Sustainability Index: second ranked in the Sector; Ecovadis platinum score

2020 Financial highlights

SALES	ADJ. EBITDA
SALES	ORGANIC GROWTH*	ADJ. EBITDA	ADJ. EBITDA MARGIN	FCF	NET DEBT
10.02 €B	-8.3%	840 €M	8.4%	487 €M	1,986 €M

FREE CASH FLOW

SEQUENTIAL IMPROVEMENT

-4.8% in Q4, showing sequential improvement

-14.1%Telecom (-3.8% in Q4)

-7.5% E&I with a sequential improvement in H2 (-4.0% in Q4)

Positive trends in Renewables and Onshore Wind (USA)

RESILIENT MARGINS

supported by strong and timely actions on fixed and variable costs and by business mix improvement

Negative Forex impact (-32 €M)

RECORD FREE CASH FLOW

Sound deleverage

487 €M of FCF excluding Antitrust Cash-Out (112 €M)

Significantly higher than guidance

* Organic growth ex Projects