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SANLORENZO SANLORENZO S.P.A .: THE BOARD OF DIRECTORS EXAMINED THE PRELIMINARY CONSOLIDATED RESULTS AS OF 31 DECEMBER 2020 STEADY NET REVENUES NEW YACHTS AND ADJUSTED EBITDA AT € 70.6 MILLION , UP BY 6.5 % COMPARED TO 2019. EBITDA MARGIN INCREASES TO 15.4 % , EXCEEDING OUTLOOK • • • Consolidated net revenues from the sale of new yachts ( Net Revenues New Yachts ) at € 457.7 million , up by 0.4 % compared to 2019 , driven by the significant increase in orders in the APAC area and in the Americas Consolidated adjusted EBITDA at € 70.6 million , up by 6.5 % compared to € 66.0 million in 2019 , with an incidence of 15.4 % on Net Revenues New Yachts ( 14.5 % in 2019 ) Investments of € 30.8 million , down by 40.1 % compared to € 51.4 million in 2019 , with an added focus on the new product development Group net financial position as of 31 December 2020 of € 3.8 million net cash , compared to a net debt position of € 9.1 million as of 31 December 2019 Backlog as of 31 December 2020 at € 408.8 million compared to € 444.3 million as of 31 December 2019 , despite the restrictive measures due to the pandemic , including the 45 - day lockdown from 22 March to May , and the cancellation of almost all boat shows globally Ameglia ( SP ) , 23 Febraury 2021 - The Board of Directors of Sanlorenzo S.p.A. ( " Sanlorenzo " or the " Company " ) , which met on today's date under the chairmanship of Mr. Massimo Perotti , examined the preliminary consolidated results as of 31 December 2020 . Massimo Perotti , the Company's Executive Chairman , noted : << 2020 results , exceeding outlook in an extremely complex context , prove once again the efficacy and the resilience of Sanlorenzo's business model and the strength of the brand ; not only the steadiness of revenues , but also and especially the relevant increase in operating margins . Worth highlighting the substantial stability of the order portfolio , standing at € 408.8 million , given the travel restrictions and the cancellation of all boat shows in the world , except Genova and Fort Lauderdale . The solidity of backlog is represented by the sale to final clients accounting for more than 94 % . A further reassuring element for the future is the strong acceleration in the order intake recorded in the last quarter . This , together with the positive market trend and the commercial success of the four new models launched during the year as planned , makes us look forward to 2021 with confidence >> . 1