Salcef S p A : Additional financial information at 31 march 2023

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(Translation from the Italian original which remains the definitive version)

ADDITIONAL FINANCIAL INFORMATION

AT 31 MARCH 2023

Registered office: Via Salaria 1027 - 00138 Rome - Italy

Salcef Group holding company

Fully paid-up share capital €141,544,532.20

Company registration number: 08061650589 | REA no.: RM - 640930

Tax code 08061650589 | VAT no. 01951301009

www.salcef.com

Additional financial information at 31 March 2023

1

TABLE OF

CONTENTS

01

INTRODUCTION

Company officers	4
Group structure	5

02

DIRECTORS' REPORT

General Information	7
Financial figures and key	8
performance indicators
Human Resources	14
Key events of the period	15
Events after the reporting date	16
Outlook	17
Key risks and uncertainties	18
Related party transactions	20

03

INTERIM CONSOLIDATED FINANCIAL STATEMENTS AT 31 MARCH 2023

Statement of financial position	22
Income statement	24
Statement of comprehensive	24
income
Statement of changes in equity	25

04

EXPLANATORY NOTES AT 31 MARCH 2023

General Information	27
Reporting standards	28
Basis of preparation	29
Accounting policies	30
Significant non-recurring	53
events and transactions
Statement of the manager in	54
charge of financial reporting

Additional financial information at 31 March 2023

2

INTRODUCTION

Additional financial information at 31 March 2023

3

Company officers

Board of directors

appointed by the shareholders' meeting on 29 April 2022. In office up until the date of the shareholders' meeting called to approve the separate financial statements as at and for the year ended 31 December 2024.

Remuneration and appointment committee

In office up until the date of the shareholders' meeting called to approve the separate financial statements as at and for the year ended 31 December 2024

Chairperson	Gilberto Salciccia
CEO	Valeriano Salciccia
Director	Angelo Di Paolo
Director (independent)	Veronica Vecchi
Director (independent)	Bruno Pavesi
Director (independent)	Valeria Conti
Director (independent)	Emilia Piselli
Chairperson	Emilia Piselli
Member	Veronica Vecchi
Member	Bruno Pavesi

Audit and risk committee

In office up until the date of the shareholders' meeting called to approve the separate financial statements as at and for the year ended 31 December 2024

Related parties committee

In office up until the date of the shareholders' meeting called to approve the separate financial statements as at and for the year ended 31 December 2024

Sustainability committee

In office up until the date of the shareholders' meeting called to approve the separate financial statements as at and for the year ended 31 December 2024

Board of statutory auditors

appointed by the shareholders' meeting on 29 April 2022. In office up until the date of the shareholders' meeting called to approve the separate financial statements as at and for the year ended 31 December 2024.

Manager in charge of financial reporting

Independent auditors

appointed for the 2020/2028 nine-year period by the shareholders at their ordinary meeting of 5 October 2020.

Chairperson	Valeria Conti
Member	Veronica Vecchi
Member	Bruno Pavesi
Chairperson	Bruno Pavesi
Member	Emilia Piselli
Member	Valeria Conti
Chairperson	Veronica Vecchi
Member	Emilia Piselli
Member	Valeria Conti
Chairperson	Pier Luigi Pace
Standing auditor	Giovanni Bacicalupi
Standing auditor	Maria Assunta Coluccia
Alternate auditor	Carla Maria Melpignano
Alternate auditor	Maria Federica Izzo
Fabio De Masi
KPMG S.p.A.

Additional financial information at 31 March 2023

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