Tamburi Investment Partners S p A : Presentation investor meeting, Inbound Capital

Investor presentation

June 7, 2022

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 one 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 and valuation indications 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 recent events in Ukraine and their impact on raw materials and energy costs could have an impact on our portfolio companies, even if their strong positioning and leadership on the respective markets should be a strong barrier against any heavy consequence on their profitability.

The market values reported in the presentation refer to the prices on May 27, 2022.

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		TABLE OF CONTENTS
		page
	INVESTMENT OVERVIEW	4
	2021 - 2022 DYNAMISM	6
	2021 TREND	7
	TIP ACQUIRES A STAKE IN SIMBIOSI	8
	ITACA EQUITY HOLDING INVESTS IN LANDI RENZO	10
	AGREEMENT FOR THE SALE OF 43.2% OF BE	12
	TIP IN LIO FACTORY	13
	IPO CHIORINO	15
	TIP AT 25% OF LIMONTA GROUP	17
	OVS: PREVIEW 2021	19
	NEW EQUITY FOR COMPANIES IN TURNAROUND	20
	TIP SHARE PERFORMANCE	21
	THE ITALIAN DIGITAL HUB	22
	NET INTRINSIC VALUE	24
	2015 - 2021 INVESTMENTS	26
	DIVESTMENTS	27
	RECENT YEARS RESULTS COMPARISON	28
	VALUE CREATION	29
	A CULTURE OF SUSTAINABILITY	30
	PRIVATE COMPANIES UPDATE	34

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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

29		+550%1		13,03 euro per share
companies
(11 worldwide leaders)		total return T.I.P.		Net Intrinsic Value2
		(last 10 years)
1as at 27/5/2022; 2 analytical valuation of each investment elaborated by TIP considering the med-term outlook of the companies (net of nfp)	4

an independent and diversified industrial group

Listed companies

~400 mln Euro

~200 mln Euro

~45 mln Euro

~55 mln Euro

~ 1,1 bln Euro

~ 220 mln Euro

~ 90 mln Euro

~ 160 mln Euro

~ 400 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)

(init. debt instr.)

(TIP investment)

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)

11	Worldwide leader
4	European leader
9	Italian leader

Market value as at 15/3/2022 for listed companies and cost initial investment for private companies.

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