Tamburi Investment Partners S p A : Presentation European Mid Cap CEO Conference

Mid Cap CEO Conference

Milan

November 16, 2021

We should all feel nothing but shame for the

reputation that finance has earned itself in

the last few years, but if you manage to guide healthy capital from successful businesses and the assets of families that wish to invest them intelligently in companies that want to grow, you are genuinely doing one of the most beneficial jobs in the world.

@TamburiTip

DISCLAIMER

The information contained herein, particularly the ones regarding any possible or assumed future performance of the TIP Group, are

or may be forward looking statements and in this respect they involve some risks and uncertainties.

Any reference to past performances shall not be taken as an indication of future performances.

These forward-looking statements may include statements regarding our (or our portfolio companies') plans, objectives, goals, strategies, future events, future revenue or performance, financing needs, plans or intentions relating to acquisitions, investments or capital expenditures, business trends or other information that is not historical information. Forward-looking statements are

related to future, not past, events and are not guarantees of future performance. These statements are based on current

expectations and projections about future events and, by their nature, address matters that are, to different degrees, uncertain and are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future, and, as such, undue reliance should not be placed on them.

TIP expressly disclaims and does not assume any responsibility nor liability in connection with any inaccuracies in any of these forward-looking statements or in connection with any use by any party of such forward-looking statements.

This document is being provided solely for information and may not be reproduced or redistributed.

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any stock or securities.

The market values reported in the presentation refer to the prices on November 12, 2021.

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		TABLE OF CONTENTS
		page
	INVESTMENT OVERVIEW	4
	2021 DYNAMISM	6
	2021 TREND	7
	TIP AT 25% OF LIMONTA GROUP	8
	PARTIAL SALE OF PRYSMIAN SHARES	9
	NEW EQUITY FOR COMPANIES IN TURNAROUND	10
	TIP ACQUISITION OF TIPO AND BETA	11
	TIP SHARE PERFORMANCE	12
	THE ITALIAN DIGITAL HUB	13
	NET INTRINSIC VALUE	15
	2015 - 2021 INVESTMENTS	17
	DIVESTMENTS	19
	RECENT YEARS RESULTS COMPARISON	20
	VALUE CREATION	21
	2020 - 2021 PRIVATE COMPANIES UPDATE	22
	ANNEX - INVESTMENTS DETAILS	23
	ANNEX - A CULTURE OF SUSTAINABILITY	25

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Tamburi Investment Partners S.p.A.

5 billion of direct investments and club deals in leading companies

1) Limited risk thanks to light	2)	Outstanding	long	term
diversification and great quality	returns for shareholders

>20		+643,1%1		12,57 euro per share
(10 worldwide leaders)		total return T.I.P.		Net Intrinsic Value
investments in portfolio		(last 10 years)

1as at 12/11/2021	4

an independent and diversified

industrial group

Listed companies

~560 mln Euro

~150 mln Euro

~45 mln Euro

~60 mln Euro

~ 1,6 bln Euro

~ 320 mln Euro

~ 130 mln Euro

~ 200 mln Euro

~ 450 mln Euro

~120 mln Euro

(TIP+club deal)

(club deal)

(init. 105)

(club deal)

(init. 120)

(club deal)

(club deal)

Private companies

~ 370 mln Euro

~40 mln Euro

~200 mln Euro

~35 mln Euro

~127 mln Euro

~89 mln Euro

∼6 mln Euro

∼11 mln Euro

(club deal)

(club deal)

(club deal)

(club deal) 1

(init. debt instr.)

(TIP investment)2

StarTIP

Tamburi Investment Partners S.p.A.

~1 mln Euro

~6 mln Euro

~20 mln Euro

~18 mln Euro

~10 mln Euro

~18 mln Euro

~34 mln Euro

~1 mln Euro

(club deal)

(club deal)

(club deal)

(club deal)

(club deal)

10	Worldwide leader		4	European leader	8	Italian leader
Market value as at 12/11/2021 for listed companies and cost initial investment for private companies.	5
1 Closing expected by the end of the year; 2	Vianova formerly Welcome Italia