Slides
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Prysmian to acquire Atkore
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2 The transaction will accelerate Prysmian’s evolution into a fully-fledged electrical solutions provider Prysmian to acquire Atkore Enhancing U.S. leadership One-stop shop Long-term growth Value creation Disciplined growth And increasing North America exposure Comprehensive product and commercial footprint Well positioned to benefit from investments in electrification and data center infrastructure $150m run-rate synergies and EPS1 accretive already in Year 1 (before synergies) Transaction funded through a mix of debt & equity, targeting to preserve investment grade rating
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3 Atkore will accelerate Prysmian’s strategy Prysmian to acquire Atkore Combination of innovation leaders with complementary products and service Cable and adjacent solutions ‘Made in America’ with over 60 combined sites Leverage on same go-to-market to strengthen customer relationships Run-rate pre-tax synergies of approx. $150 million within 3 years from closing One-stop shop Solutions Provider Expanded Product Offering Common go-to-market Synergy Opportunities Boosting service levels, efficiency and vertical integration
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4 – U.S. electrical solutions leader Prysmian to acquire Atkore AT A GLANCE • Founded in 1959 and based in Harvey, Illinois • Leader in electrical, safety and infrastructure solutions • Approx. 5,400 employees with ~30 major manufacturing and distribution centers • Approx. 90% of revenues from electrical infrastructure SEGMENTS $2,850m Revenues $386m Adj. EBITDA 14% Adj. EBITDA margin KEY FIGURES1SOLUTIONS Conduits Cable Management Systems Metal Framing 4 Data centers Industrial & Construction Renewables Specialties Utilities
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Value creation, disciplined growth Prysmian to acquire Atkore 5 $3.8bn $95p.s. in cash $150m run-rate pre-tax synergies PRESERVE INVESTMENT GRADE RATING ENTERPRISE VALUE VALUE CREATION DISCIPLINED GROWTH Multiples: 9.8x EBITDA 2025A 7.1x with run-rate synergies High single-digit EPS accretion in Y1. Double-digit EPS accretion post-synergies Funded through mix of debt and equity Pro-forma Net Debt/Adjusted EBITDA at 1.4x at 2026 year-end1
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Closing Remarks Prysmian to acquire Atkore Prysmian to become a fully - fledged electrical solutions provider in North America Creating a unique solutions player leading the electrification & AI - driven infrastructure markets One - stop shop with expanded service model & product portfolio exposed to long - term growth trends Already accretive in year 1 (before synergies) double - digit accretion (after synergies) 6
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Footnotes Prysmian to acquire Atkore • Slide 2: 1) EPS stands for Earnings Per Share. The estimated EPS accretion excludes any potential effects arising from the allocation of the purchase price under IFRS, which remains subject to completion and finalization following the closing of the Transaction. Atkore financial information is presented in accordance with U.S. GAAP. • Slide 4: 1) Revenue, Adjusted EBITDA and margin refer to Atkore’s financial FY25 (FYE Sep-25). Atkore financial information is presented in accordance with U.S. GAAP • Slide 5: 1) 1.4x Net Leverage figure based on Prysmian's updated standalone guidance (mid-point Adjusted EBITDA of €2,850m and mid-point FCF of €1,700m) and the pro-forma inclusion of Atkore's expected FY2026 EBITDA. • Slide 9: 1) Atkore’s fiscal year ends on September 30, whereas Prysmian reports on a calendar-year basis (December 31 year-end). The pro forma aggregate results are unaudited. 7
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Appendix
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North American footprint enhanced Revenues 2025 1 Prysmian to acquire Atkore EMEA 48% North America 40% LATAM 7% APAC 5% Europe 8% United States 88% Other Americas 3% APAC 2% Pro Forma Combined + €19.7bn €2.5bn €22.1bn EMEA 43% North America 45% LATAM 7% APAC 5% = 9
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Disciplined Growth, Proven Track Record €4.4bn ~ €14bn ~ €40bn~ €17bn Market Cap. over time Prysmian to acquire Atkore 2017 2024 2025 2026 Proven North American playbook for long -term value creation 10
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Highly Complementary Portfolios, One Combined Offering Prysmian brings The world leader in cable solutions • A leader in North America, reinforced by Encore Wire’s rapid service model • ‘Made in America’ thanks to approx. 30 manufacturing sites, and strong vertical integration across the business • Businesses for both electrical and digital cable solutions • Approx. $9bn North American Revenues Atkore brings U.S. leader in electrical & infrastructure solutions Creating a one-stop shop for data center, utilities and I&C customers that value speed and simplification • A leader in cable-adjacent solutions in North America (conduit, fittings, armoring) • Expansive footprint with approx. 30 manufacturing & distribution centers in the U.S • Distributor-led commercial model supplying customers, utilities, data centers, I&C, renewables & specialties • Approx. $3bn Revenues . Prysmian to acquire Atkore 11