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January 2025
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This document has been prepared by Planetel S.p.A. (the “Company”) for the sole purpose described herein. In no case may it be interpreted as an offer or invitation to sell or purchase any security issued by the company or its subsidiaries. The content of this document has a merely informative and provisional nature, and the statements contained herein have not been independently verified. Neither the company nor any of its representatives shall accept any liability whatsoever (whether in negligence or otherwise) arising in any way from the use of this document or its contents or otherwise arising in connection with this document or any material discussed during the presentation. This document may not be reproduced or redistributed, in whole or in part, to any other person. The information contained herein may include forward-looking statements that are not historical facts, including statements about the company’s beliefs and expectations. These statements are based on current plans, estimates, projections and projects, and cannot be interpreted as a promise or guarantee of whatsoever nature. However, forward-looking statements involve inherent risks and uncertainties and are current only at the date they are made. We caution you that several factors could cause the company’s actual results and provisions to differ materially from those contained in any forward-looking statement. Such factors include but are not limited to trends in company’s business, changes in the regulatory environment, its ability to successfully diversify and the expected level of future capital expenditures. Therefore, you should not place undue reliance on such forward-looking statements. Planetel does not undertake any obligation to update forward-looking statements to reflect any changes in Planetel’s expectations with regard thereto or any changes in events. 2
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PROFILE 01. 3
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A Picture of Planetel Group The Planetel Group is a local fiber-optic network services provider on the market since 1985 with an integrated offer of connectivity, ASP/Cloud services and other IT solutions dedicated to retail and medium/large corporate, as well as wholesale and public sector. Planetel through its proprietary backbone offers ultra-fast connectivity to major wholesale operators. The Company is located in Lombardia, Veneto and Campania. Listed on the EGM market of Borsa Italiana since 30 December 2020 from its listing to date has acquired 5 companies to gain new market shares and territorial presence. The group’s companies * As of 1st January 2025 the Net-Admin company based in Monza was merged into Planetel. Planetel’s branch offices Monza* Valmadrera (LC) Brescia Verona 4
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Bruno Pianetti CHAIRMAN and CEO Planetel Mirko Mare BOARD MEMBER and COO Planetel Ramona Corti INDIPENDENT BOARD MEMBER Through effective governance and strategic oversight, Planetel prioritizes stakeholder engagement, innovation, and long-term value creation. Governance Shareholder’s structure SHAREHOLDERS N. OF SHARES OWED % OF SHARE CAPITAL BMP HOLDING S.R.L. a socio unico 3,549,484 52.22% Market 1,669,500 24.56% Sitis Immobiliare 885,246 13.02% Eiffel Inv. Group 401,750 5.91% Own shares 217,000 3.19% Mirko Mare 73,770 1.09% BMP HOLDING S.R.L. a socio unico Market Sitis Immobiliare Eiffel Inv. Group Own shares Mirko Mare 5
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Connectivity ASP-Cloud Infrastructure Reseller Other Office Automation € 18,5M Planetel in a Nutshell +16% YoY Total Revenues HY 2024 91% HY 2024 53,004 +7% YoY Recurring Revenues Active Clients HY 2024 Planetel backbone fiber-optic network for HSC. 3,226 Km Fiber-optic network Qualified and skilled resources. +19,5% YoY 196 Resources Municipalities served with fiber. +3% from 31/12/2023 282 6 Other assets Cabinets for FTTC & FTTH connections 1,224 Cabinets Stores resellers of Planetel services in the area 127 Planetel Point 1% 22% 7% 59% 5% 6% Municipalities served Data Center 44 BTS Tower 6
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Planetel proprietary Fiber Network (Km)Total Revenues (M)Recurring Revenues (% of the total) A strong growth story Planetel proprietary Fiber Network (Km) + 5% on end 2023 2015 2016 2017 2018 2019 2020 2021 2022 2023 23.4 53.7 362.3 460.6 643.3 840.0 1140.0 1,426.0 2,025.0 2024 (HY) 2,130.0 56% 59% 12,1 12,5 61% 60% 67% 75% 82% 87% 13,5 14,8 17,7 20 22,1 30,5 33,3 18,5 89% 91% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (HY) The first half of 2024 also confirms Planetel's growth in terms of revenues, with an increase of 2,5M compared to the same period of the previous year (+16%). Furthermore, the data on recurring revenues is positive, which, albeit slightly, improves the trend both compared to June 2023 and compared to the end of 2023. Thanks to the cabling projects of new municipalities and territorial expansion, the km of proprietary optical fiber also continues to increase, reaching today 2,130 km (+5% compared to the end of 2023). To these, we add the 1,096 KM of IRU fiber network, which brings the total network to 3,226 Km.. 7
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Breakdown Private BIZ PA 51% 1% 48% New Contracts HY 2024 (by Cluster) Recurring Revenue HY 2024 FY 2023 HY 2024 91%89% Total Fiber-optic network (Km) +3.63% FY 2023 HY 2024 3,113 3,226 Fiber-optic network owned by Planetel (Km) +5.7% FY 2023 HY 2024 2,025 2,130 IRU Fiber network from others (Km) +0.7% FY 2023 HY 2024 1,088 1,096 Consolidated Revenues at June 2024: 18,540,000 € FTTH FTTC xDLS Radio Wholesale Connectivity Revenue HY 2024 34% 35% 6% 21% 3% The data on new contracts in the first half of 2024 is very interesting. Compared to the same period last year and at the end of 2023, more B2B contracts were signed (51%) than B2C (48%). The data relating to PAs is stable. The connectivity sector represents 59% of total revenues. Internally, the distribution of the different types of connectivity with respect to revenues remain more or less unchanged compared to the end of 2023, with FTTH accounting for 35% of revenues, FTTC for 34% and radio connectivity for 21%. Compared to December 31, 2023, the percentage of recurring revenue in total revenue increased slightly, from 89% to 91%. 8
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Trends: ICT in the Italian Digital Market Figures for the first half of 2024 39,2 Bn/€ The ICT Services sectors had the highest percentage growth (+7.4%) YoY YoY +2,9% Provisional data end 2024 81,3 Bn/€ The ICT Services sectors had the highest percentage growth (+8.2%) YoY YoY +3,4% Projected trends in 2025 84,5 Bn/€ Between 2026 and 2027, the Italian digital market is expected to grow slightly more, by 4.1% and 4.2% respectively, to reach 91.7 billion by the end of 2027. YoY +3,8% 63,2% B2B 36,8% B2CIn 2024, 63.2% of the digital market is polarised on spending by the business sectors, while the remaining 36.8% is related to the consumer sector. B2B and B2C markets in digital Italy Source: Anitec-Assinform 9
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Trends: development of the Cloud market Italian companies are becoming increasingly aware of the importance of the Cloud in their digital transformation. Furthermore, the Cloud is strongly linked to the development of AI technology, as it gives companies the opportunity to access the computational capacity required for the operation of new digital models in a scalable and optimized way. 59% Italian companies that choose Cloud solutions as a strategy for the creation of new projects. 86% Italian companies that have a hybrid Cloud service 60% Italian companies that have a Multi Cloud service 84% Italian companies that migrated their critical data to the Cloud. The Cloud market in Italy from 2022 to today Public & Hybrid Cloud Virtual Private Cloud Data Center Automation 4,6Bn/€ 5,5Bn/€ 6,8Bn/€ 2022 2023 2024 3 Bn/€ 3,7 Bn/€ 4,8 Bn/€ 950Mln/€ 1Bn/€ 1,2Bn/€ 680Mln/€ 750Mln/€ 820Mln/€ +42% +9% +10% +19% +24% +30% +10% +9% Looking at 2024 for the Public & Hybrid Cloud, IaaS recorded the most significant growth, with +42% compared to 2023. In fact, out of 4.8 billion, IaaS represents 2.1 billion (44%) Politecnico di Milano Source: Osservatori Digital Innovation 10
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Trends: Cybersecurity market As cyber threats and incidents have increased in recent years, companies have begun to invest more heavily in cybersecurity. In 2023, in fact, spending on Cybersecurity was 2 billion, with an increase of 16% compared to the previous year. The increase is due to three main factors: new technologies (68%), greater attention from the board (62%) and compliance with regulations (43%) 74% Companies that have detected an increase in cyber attacks 12% Companies that have suffered attacks with concrete consequences Cybersecurity companies and specialistsThe use of AI in Cybersecurity Action priorities in the Cybersecurity field 51% Companies that say they have introduced internal specialists in 2023 49% Companies that say they have introduced external consultants in 2023 71% 44% 42% Cybersecurity training for employees Third-party cyber risk management Updating protection tools 34% 22% 22%22% No and does not include the introduction Extensive use of AI solutions Use of Ai solutions in a marginal way Planned introduction in the next 12 months Politecnico di Milano Osservatori Digital Innovation Source: Survey CISO 2023 11
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Trends: focus on Data Center segment In recent years, the Data Center market has experienced strong interest in Italy, with a significant increase in investment and the creation of new infrastructure. The factors that characterize this dynamism are the slowdown in FLAPD markets, the modernization path of the Public Administration through the NRP, Cloud Sovereignty and Edge Computing. The Italian colocation market 654 Mln/€ 55% Wholesale45% Retail Expected value in 2025: between 1 and 1,4Bn. Potential Investment in Data Center (2023-2025) 15 Bn/€ Land purchase Building construction Non-IT readiness IT readiness Challenges ahead for Italy • Regulatory framework for Data centers • Energy supply and high voltage connections • Establishment of procedures for infrastructure construction 282MW 2021 2022 2023 +9% +14% 2020 307MW 350MW 430MW +23% Evolution of the total energy power of Data Centers in Italy. Source: Politecnico di Milano Source: Osservatori Digital Innovation 12
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BUSINESS STRATEGY 02. 13
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Planetel Fiber-optic network Municipalities wired on-net +8 Municipalities From 31/12/23 Compared to the same period of the previous year, the fiber optic cabling process of the municipalities continued progressively. In fact, since 06/30/2023, the cabling of 12 municipalities has been completed (+4%). However, considering the period from the end of 2023, Planetel has reached 8 more municipalities (+3%). The investments concerned some municipalities in the Bergamo area but were aimed above all at the area of the provinces of Lecco and Como, due to the important presence of companies and SMEs, and at the Padua area, to give continuity to the acquisitions made in Veneto. Furthermore, plans are underway to continue developing these areas, with the aim of laying solid foundations to further increase expansion in Lombardy and, above all, in the Veneto region. 14
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Development of the proprietary Fiber-optic network on the Bergamo – Como – Chiasso border 15 The new section of the proprietary fiber-optic network from Bergamo to the Chiasso border via Como is approximately 80 km long. This enables us to bring fiber optic connectivity and all our other services to 32 new municipalities, 9 of which are in the province of Como, 11 in the province of Bergamo and 12 in the province of Lecco.
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Development of the proprietary network in Padua 16
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Vodafone Open Fiber Fastweb Lutech Intred Professional Link Retelit Fibercop BT Italia Wholesale €865,224 Total Revenues HY 2024 Planetel has a long -standing history of building strong, frequent, and profitable relationships with major telecommunications operators across Italy. Through these partnerships, Planetel has been able to consistently provide high -quality proprietary infrastructure and advanced capacity services. By leveraging its extensive network and technological expertise, the company has become a trusted partner for large -scale operators, ensuring the delivery of reliable, efficient, and scalable solutions that meet the ever-evolving demands of the telecommunications industry. This commitment to innovation and collaboration has solidified Planetel's position as a key player in the Italian market. Below is a list of the TLC operators with whom we have closed contracts in 2024: 327.85 Km IRU to other operators HY 2024 The file outlines 54 BTS (Base Transceiver Stations) connected to Vodafone through the Planetel network. These stations are key to providing seamless mobile services, enhancing coverage and capacity. The collaboration between Vodafone and Planetel ensures reliable, high -performance connectivity, meeting the increasing demand for robust mobile networks. 17
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€ 18,247 € 198,454 € 7,020 € 189,707 € 198,190 € 253,605 Recently, Planetel closed a contract with Retelit for the granting of usage rights on fiber we own. The agreement includes a total of 68km of fiber starting from Aruba's data center (Ponte San Pietro, Bergamo) to Como Wholesale - 01/01/24 - 30/06/24 18
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The Data Center will be located in Padua within an existing building between Via Vigonovese and Via della Meccanica, with access on both streets. The existing buildings are two storeys above ground and almost completely saturate the lot. The roofs are flat, with the presence of numerous skylights. Upon completion of the work and once the facility is fully operational, there will be 80 racks. This investment will also enable us to cross-sell to customers: we will be able to both sell layer 2 connectivity and create direct interconnections between the Data Center and customer sites. New Data Center in Padua area 19 The return on investment is expected in about 2 years, since, once fully operational (after 1 year from commercialisation), the total turnover will be: 2,920,000 Mln/€ This does not include electricity costs, which will be borne by customers. Assuming that half of the 80 racks will be used by us for our Cloud, the turnover will cover the other 40 racks in this way: Rack Rental 1,300 € x 40 racks x 12 month = 650,000 € Market value of rack rent per month excluding electricity * * Cloud Service 4,000 € x 40 racks x 12 month = 1,920,000 € Conservative value of the Cloud service per month in the market.* * Other services 350,000 €
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New Data Center in Padua area Data Center Padua - Construction field Data Center Padua – Building Status Northeast view South-eastern view Ground floor plan Server Room Entrance Room + Meet-me Room Technical rooms Generator Sets Security Electric reception booth Maintenance access IT access 20
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Data Center: a solid infrastructure with 6 data centers The Colocation, Cloud and Information Security solutions are based on the solid infrastructure and the territorial presence of 6 Data Centers with proprietary fiber optic connections in L2 on the BG-BS- VR-MI directive, directly connected to the Milan MIX, the main Internet interchange point in Italy. Recently, with the acquisition of Trivenet S.r.l. and Connetical S.r.l., Planetel has purchased its first wholly owned datacenter , which will be completed and integrated into the circuit in the coming months . Planetel's objective is to give continuity and value to its entry into Veneto, providing customers with high quality services based on a solid, close and exclusive infrastructure . Planetel has started the project of an Edge Datacenter of approximately 1,000 sq. m. in Padua with the aim of further strengthening its infrastructure and data center network . More details will be shared with financial community as soon as the project will be defined . 6 Datacenter 1 Owned Datacenter 1 Edge Datacenter 21
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The work on Trivenet is already at an important stage of progress. On the network side, Planetel is analyzing the entire Trivenet customer base to understand how to manage the advancement of a fiber network in the Veneto area. The latest acquisition of Connetical also creates the need to integrate the two Wi-Fi networks, which with Connetical will increase Wi-Fi coverage up to Venice and Mestre. The work we are doing on the Padua data center is important, for which the layout of the new cabinet arrangement has just been authorized and the projects for the new redundant electrical system are also in progress. Trivenet and the new network in Veneto RESULTS HY 2024 Revenues1,317,863 EBITDA311,806 Shareholders’ equity859,872 22
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Connetical S.r.l., based in Fiesso d'Artico (Venice) and Padua, is a company specialized in customized solutions for companies and individuals, which provides fiber optic connectivity services, wireless connections, VPN. It serves business and private customers in the Veneto region by providing telephony, connectivity, cybersecurity and networking solutions, data centers, cloud and system services in the Veneto region. These services are part of Planetel's core business. The company employs 7 employees. Connetical represents Planetel's fourth acquisition since its listing on the stock exchange, and the second acquisition in Veneto. The transaction will allow Planetel to further expand its business in the Veneto region, which is of strategic importance due to the wealth of the region and the large number of companies present in the area. The acquisition will allow Planetel to cover almost the entire Veneto region. The operation is also strategic in view of the integration with the company Trivenet. Thanks to the inclusion of Connetical, Planetel will be able to count on a new data center and approximately 900 new customers. Connetical acquisition strengthens Plantel's core business in Veneto region On 10 April 2024, Planetel signed a binding agreement to acquire 100% of the share capital of Connetical S.r.l. The closing occurred on April 22, 2024 RESULTS HY 2024 Revenues 916,335 EBITDA 110,720 Shareholders’ equity 197,646 Adjusted EBITDA 140,000 OPERATION METHODS AND DETAILS Transaction value not exceeded EUR 2 million Transaction financed by Planetel entirely with its own resources An amount equal to 70% was paid on the Closing Date The balance of 30% was paid within 90 working days from the Closing Date 23
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Based in Chiuduno (Bergamo) and founded in 1974, Suardi S.r.l. was among the first Italian private companies to specialize in sale and installation of civil and industrial telephone systems. With almost fifty years of experience, the company has evolved becoming a highly qualified point of reference for the design and creation of technological and complex systems, always customized according to the specific needs of the customer. Today Suardi employs 13 people. Suardi owns a property, which is the headquarters of the Company, valued at around Euro 0.5 million for the purpose of calculating the enterprise value, which will remain among the Company’s assets also following the acquisition. Suardi operates in a wide range of technological sectors: • Security systems for the protection of people and assets. • Multimedia solutions and video surveillance. • Management and optimization of IT infrastructures, virtualized servers, cloud services and network administration. • Development and implementation of integrated voice and data networks, VoIP and traditional telephone systems, Wi- Fi and HiperLAN radio networks. The synergy between Suardi and Planetel is mainly aimed at cross-selling to Suardi's customers to move software from their offices to Planetel's Cloud. Suardi represents Planetel’s fifth acquisition since its listing on the stock exchange, and the second in 2024 after the acquisition of Connetical in April. The operation represents a great opportunity for both companies. Suardi will be able to offer a broader and more complete service to its customers in the field of fiber optic connectivity and Cloud services, especially for the PA. Planetel customers, however, will be able to take advantage of Suardi's experience in the sector the design and implementation of complex technological systems for integrated communication. Suardi acquisition: a wide range of synergies On 27 November 2024, Planetel completed the closing for the acquisition of 100% of the share capital of Suardi S.r.l. RESULTS FY 2023 OPERATION METHODS AND DETAILS Value of the operation euro 3,6 million At the Closing Date, Planetel paid a total amount of Euro 2,5 million. Planetel has financed the acquisition through bank loans. Within 60 working days from the Closing Date, Planetel will pay an amount of Euro 600,000, subject to possible changes due to the NFP Adjustment. by 30 June 2025, where the downwards 2024 EBITDA Adjustment is not applicable, Planetel will pay an amount of Euro 370,000 By 30 June 2026, only if Suardi’s 2025 EBITDA is equal to Euro 480,000, Planetel will pay an amount equal to Euro 80,000. By 30 June 2027, only if Suardi’s 2026 EBITDA is equal to Euro 480,000, Planetel will pay an amount equal to Euro 80,000. Revenues 3,39M EBITDA 0,47M Shareholders’ equity 0,65M Estimated EBITDA at 31/12/2024 0,51M NFP 0,68M Estimated NFP at 31/12/2024 0,6M 24
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Merger by incorporation of Net-Admin in Planetel to generate economies of scale On 11 of December 2024 the deed of merger by incorporation of Net-Admin S.r.l. in Planetel was signed. The accounting and fiscal effects of the merger applied from 1 January 2025. The merger forms part of the broader corporate reorganisation of the group headed by Planetel, undertaken in order to restructure its business and the functions of its staff, and to place all operations under the control of a single decision-making centre, avoiding duplications of administrative procedures and generating economies of scale, since the companies taking part in the merger operate synergistically on the same market. In terms of procedure, since the Merged Company is wholly owned by Planetel, under the provisions of article 2505 of the Italian Civil Code, the merger has taken place in “simplified” form, as follows: The merger has taken place without any exchange of assets There wasn’t any increase in the Planetel’s share capital No changes were made to the articles of association of Planetel currently in force The reports by the governing bodies of the companies taking part in the merger were not required The obligation to obtain an expert report on the adequacy of the share exchange rate was not applied Net-Admin was a company dedicated to infrastructure and application services that Planetel had acquired in 2022 25
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FINANCIALS 03. 26
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PROFITABLE GROWTH CONTINUES IN HY 2024 (Data in Euro/000) Consolidated % Earnings from sales Change in inventory Internally generated fixed assets Other earnings and income Statement of Income 18,540 94% Consolidated % HY 23 - HY 24 30.06.2024 30.06.2023 Change % Change 32 526 557 0% 3% 3% 15,977 95% (16) 385 555 0% 2% 3% 2,563 16% 48 141 2 (298%) 37% 0% Value of production Costs for raw, subsidiary and consumable materials Cost of services Use of third-party assets Labour costs Sundry operating costs EBITDA Amortisations and write-downs EBIT Financial result EBT Income taxes Result for the year 19,655 100% (1,626) (7,650) (736) -8% -39% -4% 16,901 100% (1,816) (6,763) (396) -11% -40% -2% 2,753 16% 190 (887) (340) -10% 13% 86% (4,856) -25% (220) 4,566 (3,414) -1% 23% -17% (3,950) -23% (163) 3,813 (2,980) -1% 23% -18% (906) 23% (57) 753 (434) 35% 20% 15% 1,152 6% (225) 928 (348) -1% 5% -2% 833 5% (123) 710 (249) -1% 4% -1% 319 38% (101) 218 (98) 82% 31% 39% 580 3% 461 3% 119 26% Revenues: +16% yoy 15,977 710 461 18,540 928 580 Revenues Income Net Income HY 2023 HY 2024 EBITDA variation: 753 (+20%) yoy HY 2023 HY 2024 23% 3,813 23% 4,566 +30.7% +25.8% +16% 27
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(Data in Euro/000) Consolidated Consolidated HY24-FY23 Balance Sheet 30.06.2024 31.12.2023 % Change Intangible fixed assets 9,782 8,793 11% Tangible fixed assets 29,297 28,672 2% Financial fixed assets 27 25 8% Net Non-Current Assets 39,106 37,490 4% Inventory 917 804 14% Commercial receivables 9,939 9,846 1% Commercial payables (5,346) (5,799) -8% Commercial Current Assets 5,511 4,851 14% Other current assets 870 775 12% Other current liabilities (3,024) (2,750) 10% Tax receivables and payables 649 1,949 -67% Net accruals and deferrals (5,915) (4,768) 24% Net Current Assets (1,909) 57 -3,447% Contingency funds (60) (65) 0% Severance pay (1,533) (1,483) 3% Net Invested Capital (Investments) 35,604 36,000 -1% Liquid assets (7,972) (5,808) 37% Financial payables 21,014 19,087 10% Net Financial Position 13,042 13,279 -2% Share capital 4,075 4,075 0% Reserves 18,178 16,867 8% Consolidation reserve (680) 34 -2,109% Profit / (Loss) 536 1,121 -52% Group Net Equity 22,109 22,097 0% Third-party capital 5 5 0% Reserves 405 327 24% Third party Profit / (Loss) 44 292 -85% Third-party Net Equity 453 623 -27% Total Sources of Funding 35,604 36,000 -1.10% Balance Sheet The Group recorded Net Equity of 22 million Euro, remaining stable compared to the end of 2023. The balance sheet highlights the increaser of the commercial current assets due to the increase of the client. The negative net financial position remained substantially unchanged, going from Euro 13,3 million to Euro 13,0 million In the HY 2024 development activities continues. The situation highlights the increase in investments (+13% before depreciation) compared to the financial year ended 31 December 2023 28
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Net Financial Position Net Financial Position and Invested Capital (+6% yoy) NFP Net Invested Capital -13,279 36,000 -13,042 35,604 FY 2023 HY 2024 29 (Data in Euro/000) Consolidated Consolidated Balance sheet 30.06.2024 31.12.2023 A. Cash flow from business 5,683 6,703 B. Cash flow from investments (4,766) (6,693) C. Cash flow from financing activities 1,247 1,557 D. Liquid Assets (A±B±C) 2,164 1,567 Liquid Assets at start of the year 5,162 3,595 Liquid Assets at the end of the year 7,327 5,162 NFP -13,042 -13,279
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2023 20252024 Investment continues Connectivity Other investments BTS Towers Equipment CORE Upgrade Planetel Fiber-optic Planetel's investment program continues positively, reaching 2.7M as of June 30, 2024 , in line with year -end projections . The main investments concern optical fiber for an amount exceeding 2M euros (76%). Connectivity comes in second place, with almost half a million euros of investments (17%). Planetel continues to invest in the BTS Tower and Wi-Fi and in the Equipment Core upgrade . Other investments concern almost 6% of the total (around 150 thousand euros ). 30 17,8 Mln/€ 7,8 Mln/€ 4,6 Mln/€ 5,4 Mln/€ HY 2024 17% 5,8% 1% 76% 0,2% 2,7 Mln/€
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Breakdown of CAPEX Land and Building Planetel Fiber optic Equipment Core upgrade BTS tower and Wi-Fi Connectivity Other investment 75.2% 1.1% 4.5% 12.6% 6.5% 0.1% Land and Building 5,000 € Planetel fiber Optic 22,048,045 € Equipment Core upgrade 331,352 € BTS Tower and wi-fi 1,305,647 € Connectivity 3,692,435 € Other investment 1,914,608 € Tot. 29,297,608 €29,3 Mln/€ 31
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Value of Planetel fiber-optic network on market Market value of 1 meter of fiber pairs 1.25 €/m Number of fibers in a cable 144 Value of Planetel Fiber-optic network on IRU market 191,700,000 € Meters of Planetel's proprietary fiber optics 2,130,000 Planetel's fiber-optic network has a market value of approximately EUR 150 million if the value of fiber per residential unit (1) is taken into account, and even more than EUR 380 million if its value per meter (2) is simply considered in relation to the IRU market. This means that it is still crucial to invest in and enhance the value of one's own fibre-optic network. Fiber optic market value per residential unit 500 € Residential units covered by Planetel 305,595 Value of Planetel Fiber-optic network per residential unit 152,797,500 € 1 2 The focus on the market value of Planetel's proprietary fiber-optic network just outlined also serves as a comprehensive reading of Planetel's market capitalisation on the Italian stock exchange, which is EUR 28,818,200. This figure, of course, only takes into account one Planetel asset and not all of them. This shows the strength of the company in relation to its total assets. 32 This value is obtained from the market value of 1 single meter of optical fiber, which is equal to 0.625 €/m
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Breakdown of intangible fixed assets Software Goodwill R&S IPV4 Other 49.2% 15.2% 1.6% 6.1% 10.3% Software 1,014,959 € Trademarks & patents 1,724,294 € Goodwill 4,831,721 € R&S 1,489,718 € IPV4 154,781 € Other 601,124 Tot. 9,816,597 € Trademarks & patents 17.6% 9,8 Mln/€ 33
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Focus on goodwill for Group companies Consolidated Company Original Value Amortisation Net Value Trifolio 50,772 12,693 38,079 Direte 3,495,914 873,979 2,621,935 Net-Admin 1,229,682 307,421 922,261 Connetical 1,249,703 62,485 1,187,218 Total from consolidated Company 6,026,071 1,256,578 4,769,493 Company merged 634,443 572,215 62,228 Total 6,660,514 1,828,793 4,831,721 Annual Amortisation 5,077 349,592 122,968 124,970 602,607 38,138 640,745 34
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Success of the treasury share partial VTO It has ended in a success the partial voluntary tender offer issued by Planetel between 19 November 2024 and 2 December 2024 .The extraordinary VTO operation had as provisional result of covering a maximum of 204 ,000 of the Company’s ordinary Shares, equivalent to 3.00% of the share capital, at the price of €4.90 per share, and thus for a maximum total value of € 999 ,600 .00. The Offer was accepted for 240 ,750 Shares , equivalent to 3.542 % of the entire share capital and 118.015 % of the maximum number of Shares to which the Offer applies . As stated in the Offer Document, in the event that its maximum target number of 204 ,000 Shares is exceeded, the Offer specifies that it will be Subdivided, with the Company purchasing from each Accepting Shareholder the same proportion of Minimum Lots for which they accepted the Offer, applying the criteria stated in greater detail in the Offer Document, which specifies that the buyback cannot be implemented for Shares in quantities other than 250 and its multiples . This strategic investment aimed at financial benefits for the Company and, indirectly, for its shareholders, in particular : to have treasury shares at disposal for use in accordance with its planned strategies as payment for possible extraordinary operations such as acquisitions, mergers, demergers, etc . and/or for other purposes considered to be in the Company’s financial/operating and/or strategic interest, including share swaps with other parties in the context of operations in the Company’s interest . use the shares in operations related to the core business or projects consistent with the Company’s strategy lines in the context of which share swaps become opportune . offer shareholders an additional means of obtaining a return on their investments . allow the buyback of shares from the beneficiaries of stock -option plans and/or enable the implementation of possible stock -grant plans . use the Company’s liquidity efficiently in a useful medium and long -term investment . 1 2 3 4 5 35
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PLANETEL RESEARCH AND DEVELOPMENT 04. 36
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Patent Box: proprietary software products Since 2023, Planetel started to register its software products and put its own brand on them. A strategy that aims to enhance these solutions developed internally through a recognized and reliable brand like Planetel. for network management DORY 6 as Enterprise Resource Planning (ERP) SICOM for voice management VOICE AI for PEC management on Sicom PEC AI the new Planetel E- commerce PLANETEL MALL 37
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The new Planetel E-commerce has been completed. By means of the Mall customers will be able to complete orders combining Planetel Fiber Connectivity and products from different suppliers, as distributors of technology and related fields. The project has involved the development of the management of an additional payment method in Planetel information system: online card payments. 01. 02. The Full Home Green offer, the first proposal of the Planetel Mall, was launched at the end of 2023. This offer combines in a single solution the connectivity of Planetel, a high -quality refurbished device from TrenDevice and the free planting of a tree with Treedom. The new Planetel Sicurezza Casa started on 15th September 2024. This solution concerns home security and offers, together with Planetel connectivity, a basic alarm kit. The offer includes a partnership with two industry leaders: Johnson Controls and Alarm.com Planetel Mall 03. TWe are also working to launch new offers of this type in the short/medium term. 38
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Dory 6 During 2023, the research and development activity relating to our Dory 6 software project was completed. Registration with the S.I.A.E. was requested. This allowed a tax deduction of €1,963,795. Below is a detailed cost valuation for determining the tax deduction: IP YEAR COSTS DORY 6 2020 772,207 DORY 6 2021 631,582 DORY 6 2022 334,817 DORY 6 2023 46,662 These costs were increased by 110% based on the provisions of the Patent Box legislation: IP COSTS INCREASED PATENT BOX COSTS TAX DEDUCTION VALUE DORY 6 1,785,268 110% 1,963,795 39
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SICOM During 2024, the structural reorganisation concerning Planetel's management platform called SICOMWEB was completed. This reorganisation includes a redistribution of roles in relation to the former software house Harnek Info S.r.l., the entry of another software house as a consultant to the Group, and the organisation of a dedicated internal department . 01. 02. As of April 2024, an internal working group called PLT Applications , consisting of employees and collaborators, began to structure itself. This group, which became fully operational in November 2024, deals with evolutionary planning, day-to-day support management and problem analysis. Stark Technology Partner is the software house that Planetel has introduced as a consultant to the Group as of 2024. This external company deals with software development and any problems reported by the PLT application group. 03. Harnek Info S.r.l., the company that developed SICOMWEB, has the task of providing support to the Stark Technology Partner, both in the transition phase and in the subsequent management and implementation phases. 40
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Bruno Pianetti, Chief Executive Officer - bruno.pianetti@planetel.it Mirko Mare, Chief Operations Officer - mirko.mare@planetel.it Michele Pagani, CFO and IRM - michele.pagani@planetel.it Tel. +39 035 204409 PLANETEL S.p.A. Financial Communication, IR and Press Office Bianca Fersini Mastelloni - b.fersini@polytemshir.it Paolo Santagostino – p.santagostino@polytemshir.it Roberta Mazzeo – r.mazzeo@polytemshir.it Silvia Marongiu - s.marongiu@polytemshir.it Tel. +39 06 69923324 – 06 6797849 POLYTEMS HIR S.r.l. Euronext Growth Advisor: Gianpiero Di Perna - +39 334 6267243- ega@alantra.com Corporate Broker: Patrizia Rossi - +39 338 3488950 - patrizia.rossi@alantra.com ALANTRA Specialist - 02-30561270 - info@mitsim.it MIT SIM S.p.A. Contact 41
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THANKS FOR ATTENTION