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SANLORENZO 9M 2025 RESULTS PRESENTATION 10 NOVEMBER 2025
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2A 2 Iconic flybridge with patented Asymmetric design Foil technology, straight from the America’s Cup Flagship composite semi-displacement Legendary 51ft performance cruiser Flagship model of revolutionary crossover range Flagship 40mt Maxi Swan 128 in carbon fiber Bluegame BGF45 Swan 51 Maxi Swan 128 Sanlorenzo SL110/A Sanlorenzo SX120 Sanlorenzo SD132 Exceptional success of new models’ premiere
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2A 3 Pier Sixty-Six: Strategic Hub for Americas Market Leadership “Our new home at Pier Sixty-Six stands as a tangible symbol of Sanlorenzo’s commitment to the Americas – a place where design, innovation and community meet.” - Massimo Perotti Pier 66 (HQ) Fort Lauderdale SINCE 2008 Sag Harbor – Hamptons SINCE 2025 Elevates the client experience and cultivates the owner community driving the loyalty and exclusiveness of the Sanlorenzo Customer Club NEW AMERICAN HEADQUARTERS – OPENING OF OUR FLAGSHIP OFFICE
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2A 4 Sanlorenzo Heritage: a tribute to Timeless Elegance • Introduction in October 2025 of the new Sanlorenzo Heritage – “SHE” – line, with an exclusive one-off 25.5m model • SHE embodies Sanlorenzo’s ability to merge heritage and technology, combining 1960s-inspired lines with hybrid Volvo Penta IPS propulsion and bio-based materials “An elegance that doesn’t shout, an innovation that respects, and a design that endures”
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Carefully controlled design evolution1 Timeless iconic pieces, strictly associated with the Sanlorenzo brand heritage 5 Sanlorenzo 1958 Newly presented Sanlorenzo Heritage «SHE» line
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Monobrand strategy for each market, with no overlaps1 24mt 75mt Motor-yachts monobrand 6 13mt Motor-boats niche 13mt 40mt Sailing-yachts monobrand 80% 10%10% (1) (1) 1. Based on Group Net Revenues New Yachts as of 9M 2025 Sharing an exclusively absolute luxury positioning reinforced by scarcity philosophy and desirability 2025 [NEW] CRUISER FOIL BGF LINE MULTI-HULL MOTOR YACHT BGM LINE 2023 2019 2018 1958 2006 - 2009 2015 - 2017 2022 - 2023 2027 1966 CROSSOVER BGX LINE MULTI-PURPOSE OPEN BOAT BG LINE FLYBRIDGE SL LINE NAVETTA SD LINE SUPERYACHT ALLOY LINE STEEL LINE CROSSOVER SX LINE SPORT COUPE’ SP LINE STEEL NAVETTA XSPACE LINE [NEW] SL HERITAGE SHE LINE PERFORMANCE CRUISER SWAN LINE since 1966 MAXI MAXISWAN LINE since 2006 RACER CLUBSWAN LINE since 2006 MOTOR SHADOW LINE since 2021 ARROW LINE since 2024 [NEW] ALUMINIUM SAILING YACHT SWAN ALLOY LINE from 2027 [NEW] BLUEWATER SWANSCAPE LINE from 2027 Heritage EXPLORER EXP LINE (1) upselling
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FINANCIAL UPDATE 9M 2025 RESULTS Note: Numbers may not add up to totals due to rounding differences.
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75.9 72.9 9M 2025 9M 2024 -14.0 -8.3 30-Sep-25 30-Jun-25 30.3 27.8 9M 2025 9M 2024 2A 128.0 123.6 9M 2025 9M 2024 690.1 669.0 9M 2025 9M 2024 Net Revenues New Yachts1 / (€m) +3.2% EBITDA / (€m and % on Net Revenues New Yachts) +3.6% EBIT / (€m and % on Net Revenues New Yachts) 97.6 97.5 9M 2025 9M 2024 +0.1% +4.1% Organic Investments2 / (€m and % on Net Revenues New Yachts) Net financial position3 / (€m) +0.2% -5.7m 8 Group Net Profit / (€m and % on Net Revenues New Yachts) 4.4% 4.1% 1. Calculated as the sum of revenues from contracts with customers relating to new yachts (recognised over time with the cost-to-cost method) net of commissions. In accordance with IFRS standards, revenue calculation includes the difference between the value contractually attributed to the pre-owned boats traded in and their relative fair value 2. Increases in property, plant and equipment and intangible assets with a finite useful life, net of the carrying amount of related disposals, without considering changes in consolidation perimeter. Total investments in 9M 2025 equal to €31.4m, including €0.8m from the consolidation of AF Arturo Foresti S.r.l. and 0.4 from the consolidation of Mediterranean Yacht Management Sarl (including IFRS 16 effect) 3. Calculated in accordance with ESMA document 32-382-1138, 4 March 2021. A positive figure indicates a net cash position. IFRS 16 liabilities accounting for €28.1m as of 30 September 2025 and €26.5m as of 30 June 2025 14.6% 14.1% 18.5% 18.5% 10.9% 11.0% Incidence YoY Growth YoY Growth YoY Growth YoY Growth 9M 2025 key figures, confirming guidance 9M 2025 RESULTS – HIGHLIGHTS
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Net Revenues New Yachts are calculated as the sum of revenues from contracts with customers relating to new yachts (recognised over time with the cost-to-cost method) net of commissions. In accordance with IFRS standards, revenue calculation includes the difference between the value contractually attributed to the pre-owned boats traded in and their relative fair value. Breakdown by division Breakdown by geography 50.0% Yacht Division €345.1m 30.1% Superyacht Division €207.6m 9.5% Bluegame Division €65.4m 10.4% Nautor Swan Division €72.1m 63.5% Europe 438.5m 20.3% Americas €140.3m 6.1% MEA €42.1m 10.0% APAC €69.2m • Strong performance for Superyacht (+4.8%) and Nautor Swan (€72.1m), while Yacht (-10.2%) remains solid above 30 meters, the “sweet spot” of Sanlorenzo. Below 30 meters, together with Bluegame (-5.2%), the business model ensures a resilient performance versus the overall market. • Strong YoY revenue growth in the Americas (+39.9%), supported by robust order intake rebound in the previous quarters; solid performance of Europe (+10.6%) thanks to the loyal and resilient client base. APAC (-5.7%) and MEA (-57.4%) factor seasonality in deliveries and order intake, as well as a tough comparison basis for MEA, while maintaining a positive outlook for the medium-long term. 1 9M 2025 steady growth driven by core mix and geographies 2A 9M 2025 Net Revenues New Yachts at €690m, +3.2% YoY 626 669 690 9M 2023 9M 2024 9M 2025 YoY comparison / (€m) 9M 2025 RESULTS – NET REVENUES NEW YACHTS 9 +6.9% +3.2% Of which <7% with US clients, and ~2% below 30 meters
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2A 9M EBITDA at €128m (+3.6%) and double-digit Net Profit margin after Swan full consolidation • EBITDA up +3.6% YoY, margin at 18.5% on Net Revenues New Yachts • Stable margin YoY even after Nautor Swan full 9M consolidation • Sanlorenzo marginality expansion driven by accretive product mix, sustained by pricing power and a predominantly variable cost structure underpinning margin resilience • EBIT up 0.1%, discounting a higher D&A incidence of Nautor Swan given legacy investments carried out before the acquisition • Group Net Profit up +4.1% YoY, with double-digit margin (11.0%) supported by tax benefits compensating adverse impact of financial income/expenses given the cash-out for 2024 acquisitions EBIT / (€m and margin % on Net Revenues New Yachts) 91.3 97.5 97.6 14.6% 14.6% 14.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 0.0 20.0 40.0 60.0 80.0 100.0 120.0 9M 2023 9M 2024 9M 2025 +0.1%+6.8% 113.8 123.6 128.0 18.2% 18.5% 18.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 9M 2023 9M 2024 9M 2025 EBITDA / (€m and margin % on Net Revenues New Yachts) +3.6%+8.6%YoY Change % 10 Group Net Profit / (€m and margin % on Net Revenues New Yachts) +4.1%+9.0% 66.9 72.9 75.9 10.7% 10.9% 11.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 0 10 20 30 40 50 60 70 80 90 100 9M 2023 9M 2024 9M 2025 Profitability anchored in mix evolution and pricing power 9M 2025 RESULTS – MARGINALITY
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1,709 825 884 Order Backlog 30-Sep 2025 Of which 2025 Of which 2026 and beyond 2A Backlog is calculated as the sum of the value of all orders and sales contracts signed with customers or brand representatives relating to yachts for delivery or delivered in the current year or for delivery in subsequent years. For each year, the value of the orders and contracts included in the backlog refers to the relative share of the residual value from 1 January of the current year until the delivery date. Backlog relating to yachts delivered during the year is conventionally cleared on 31 December. 9M 2025 Order intake and backlog / (€m) Order backlog composition / (€m) 1,020 1,709 1,019 690 690 Net Backlog 1-Jan 2025 Order intake 9M 2025 Order Backlog 30-Sep 2025 Net Revenues New Yachts 9M 2025 Net Backlog 30-Sep 2025 11 High-quality Order Backlog 90% SOLD TO FINAL CLIENTS 92% FY25 Guidance coverage on September 30th +18.4% vs 9M 2024 985 as of Jun 25 €690 million of Order Intake, a €107 million increase YoY 9M 2025 RESULTS – BACKLOG EVOLUTION 94% as of Sep 24
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2A Backlog by division / (€m) Timing of scheduled deliveries up to 2028 up to 2029 up to 2028 up to 2027 257 36% 456 64% Yacht > 30 mt < 30mt 713 81% final clients 425 60% 289 40% Superyacht > 1,000 GT < 500 GT 714 100% final clients Nautor Swan 185 Bluegame 64% final clients 97 12 100% final clients Sold deliveries up to 2029 with waiting lists for 30+ meters 9M 2025 RESULTS – BACKLOG BREAKDOWN Robust order intake from Yacht division in Q3 25 (€206m) mostly above 30mt
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763 916 1,014 1,058 1,107 1,070 1,056 1,033 1,048 1,042 1,015 950 1,051 1,020 984 985 1,019 1.3x 1.6x 1.4x 1.4x 1.5x 1.4x 1.3x 1.2x 1.2x 1.2x 1.1x 1.0x 1.1x 1.1x 1.0x 1.0x 1.1x -0.2x 0.0x 0.2x 0.4x 0.6x 0.8x 1.0x 1.2x 1.4x 1.6x 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Jun 25 Sep 25 2A Net Backlog is the sum of the residual values of all orders and sales contracts signed with customers or brand representatives until the delivery date, at a given date. Net Backlog coverage level is the ratio between Net Backlog at a given date, and the full-year revenues of the same year. For 2025, it is considered the NRNY Guidance of €960m. NET BACKLOG QUARTERLY EVOLUTION (€M) NET BACKLOG COVERAGE LEVEL 13 Net Backlog ~€1bn, increasing to 1.1x of 2025 Guidance 9M 2025 RESULTS – NET BACKLOG EVOLUTION
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2A Organic Net Capex at ~€30.3m, incidence on Net Revenues New Yachts at 4.4% • T otal Net Investments at €31.4m, of which €30.3m Organic Capex and €1.2m perimeter impact from the consolidation of: o AF Arturo Foresti (strategic supplier of Bluegame operating in the field of electrical systems) o Mediterranean Yacht Management (in-house brokerage company of Nautor Swan) • 87% of Organic Capex are expansionary: o ~€12.0m for new industrial & distribution capacity o ~€14.4m for new product development • Recurring Capex at ~€2.4m (~0.3% of Net Revenues New Yachts) • Capex progression consistent with 2025 Guidance Organic Capex YoY comparison / (bar: €m and % of the total; line: % on Net Revenues New Yachts) 13.0 12.0 1.9 2.4 11.4 14.4 1.5 1.527.8 30.3 4.1% 4.4% 0% 1% 1% 2% 2% 3% 3% 4% 4% 5% 0.000 5.000 10.000 15.000 20.000 25.000 30.000 35.000 9M 2024 9M 2025 Other investments R&D and product development Recurring industrial New industrial & distribution capacity Capex as % of Net Revenues New Yachts 14 Expansionary Capex in line with business development 9M 2025 RESULTS – INVESTMENTS
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Note: Net Financial Position calculated in accordance with ESMA document 32-382-1138, 4 March 2021 2A Net Financial Position / (€m) 140.5 102.2 27.2 29.1 -8.3 -14.0 31-Dec 2023 30-Jun 2024 30-Sep 2024 31-Dec 2024 30-Jun 2025 30-Sep 2025 • Net Working Capital at €115.4m with YoY increase driven by: • inventory build-up to feed new direct-distribution hubs consistently with potential market demand • proactive initiatives with suppliers, including our local historical artisans , to build supply chain resilience • €14.0m Net Debt after €34.7m dividend fully paid in May and €1.2m of extraordinary acquisitions of AF Arturo Foresti and Mediterranean Yacht Management • Net Debt includes €28.1m of IFRS 16 lease liabilities as of 30 Sep 2025 15 Net Working Capital / (€m) -34.9 2.1 -4.2 36.0 86.6 115.4 31-Dec 2023 30-Jun 2024 30-Sep 2024 31-Dec 2024 30-Jun 2025 30-Sep 2025 -113.3 -43.1 Direct distribution and M&A Direct distribution impact +30.7 +79.4 Broadly stable NFP given NWC support to direct distribution 9M 2025 RESULTS – NET WORKING CAPITAL & NET CASH POSITION €76.2m M&A impact in 2024 (Swan and Simpson Marine)
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1. Calculated as the sum of revenues from the sale of new yachts (recognised over time with the cost-to-cost method) and pre-owned boats, net of commissions and trade-in costs of pre-owned boats 2. The figures from 2019 to 2022 refer to Adjusted EBITDA; the figures from 2023 to 2025 refer to Reported EBITDA, which differs from Adjusted EBITDA for less than 0.5% 3. Capex exclude M&A transactions 4. KPI targets sharpened within previous range. Growth calculated on the mid-point of the 2025 Guidance range where the target is expressed as a range FY 2025 GUIDANCE 2025 Guidance confirmed, target range sharpened 16 €m Margin as % of Net Revenues New Yachts 2019 Actual 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Actual 2025 Guidance4 Net Revenues New Yachts1 YOY GROWTH % 455.9 457.7 +0.4% 585.9 +28.0% 740.7 +26.4% 840.2 +13.4% 930.4 +10.7% ~ 960 +3% EBITDA2 YOY GROWTH % 66.0 70.6 +7.0% 95.5 +35.3% 130.2 +36.3% 157.5 +21.5% 176.4 +12.0% ~ 180 +2% EBITDA Margin2 YOY GROWTH % 14.5% 15.4% +0.9% 16.3% +0.9% 17.6% +1.3% 18.7% +1.1% 19.0% +0.2% ~ 18.7% -0.3% EBIT YOY GROWTH % 43.1 49.0 +13.7% 72.2 +47.3% 102.7 +42.2% 125.9 +22.5% 139.3 +10.6% ~ 140 FLAT EBIT Margin YOY GROWTH % 9.5% 10.7% +1.2% 12.4% +1.7% 13.9% +1.5% 15.0% +1.1% 15.0% FLAT ~ 14.5% -0.5% Group Net Profit YOY GROWTH % 27.0 34.5 +27.7% 51.0 +47.8% 74.2 +45.5% 92.8 +25.2% 103.1 +11.1% 103 – 107 +2% Capex3 INCIDENCE ON NRNY % 51.4 11.3% 30.8 6.7% 49.2 8.4% 50.0 6.8% 44.5 5.3% 49.3 5.3% 48 – 50 5.1%
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Q&A
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APPENDIX
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1. Sanlorenzo Yacht and Superyacht Divisions (respectively 63 and 6 in 2024) 41 37 55 61 64 64 69 308 440 429 542 665 749 800 0 200 400 600 800 1000 1200 0 10 20 30 40 50 60 70 80 2018 2019 2020 2021 2022 2023 2024 # of Sanlorenzo yachts delivered (columns)1 and Sanlorenzo (Yacht + Superyacht) net revenues new yachts (line) 1 Growth preserving scarcity and upselling over time €11.6m Average Net Revenues per yacht delivered 19 Business growth without inflating volume
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2A 20 New Swan Alloy 44: from vision to execution • Sale of the first unit of the new Swan Alloy line, just a few months after finalizing the project renderings, is a testament of the strong appetite and immediate uptake by the market for this new Nautor Swan segment in terms of both concept and materials • Aluminum hull construction started in Netherlands, fitting phase to continue in Viareggio, Italy – leveraging on Sanlorenzo’s ecosystem of finest craftsmen FIRST UNIT SOLD
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1 Nautor Swan growth underpinned by new product lines Refit and other services ~2,300 customers’ club 83% 1. Figures add to 100% when including Swan Power and ClubSwan Racing (together ~2.6% of Net Revenues), respectively the motor-yacht line and the division dedicated to exclusive one-design regattas and owner experiences. 15% Carbon fiber Sailing yachts >80ft Range: 80, 88, 98, 108, 128 Racing line 28-50 ft Range: 28, 36, 43, 50 Classic sailing DNA 51-73 ft Range: 51, 55, 58, 65, 73 21 Bluewater sailing yachts 24 mt (80 ft) New Alloy sailing yachts 44-65 mt (144-184 ft) New Based on Nautor Swan 9M 25 Revenues1 Replicating the Sanlorenzo path in Motor Yachts since 2004, sharing the same fundamental philosophy
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2A 22 Our sustainability commitments in action Strategic collaborations Announced in 2021 to support groundbreaking sustainability goals Delivery of first 50Steel Equipped with methanol reformer fuel cells BGH T enders delivered for 2024 America’s Cup Powered by hydrogen foils Developing first bi- fuel yacht, 50 X-Space Reducing emissions by up to 70% during cruising 20302020 Delivering on our sustainability vision, while adapting to meet new global and industry dynamics
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(€’000) Nine months ended 30 September Change 2025 % Net Revenues New Yachts 2024 % Net Revenues New Yachts 2025 vs. 2024 2025 vs. 2024% Net Revenues New Yachts 690,137 100.0% 669,020 100.0% 21,117 +3.2% Revenues from maintenance and other services 30,625 4.4% 21,920 3.3% 8,705 +39.7% Other income 14,881 2.2% 9,641 1.4% 5,240 +54.4% Operating costs (606,435) (87.9)% (575,917) (86.1)% (30,518) +5.3% Adjusted EBITDA 129,208 18.7% 124,664 18.6% 4,544 +3.6% Non-recurring costs (1,224) (0.2)% (1,109) (0.2)% (115) +10.4% EBITDA 127,984 18.5% 123,555 18.5% 4,429 +3.6% Depreciation and amortisation (30,358) (4.4)% (26,058) (3.9)% (4,300) +16.5% EBIT 97,626 14.1% 97,497 14.6% 129 +0.1% Net financial income / (expense) (2,235) (0.3)% 3,437 0.5% (5,672) n.m. Adjustments to financial assets (173) (0.0)% 28 - (201) n.m. Pre-tax profit 95,218 13.8% 100,962 15.1% (5,744) -5.7% Income taxes (18,705) (2.7)% (28,379) (4.2)% 9,674 -34.1% Net profit 76,513 11.1% 72,583 10.8% 3,930 +5.4% Net (profit)/loss attributable to non-controlling interests (572) (0.1)% 365 0.1% (937) n.m. Group net profit 75,941 11.0% 72,948 10.9% 2,993 +4.1% FINANCIAL STATEMENTS Reclassified consolidated income statement 23
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(€’000) 30 September 31 December 30 September Change 2025 2024 2024 30 September 2025 vs. 31 December 2024 30 September 2025 vs. 30 September 2024 USES Goodwill 69,635 69,078 64,647 557 4,988 Other intangible assets 109,939 110,708 107,957 (769) 1,982 Property, plant and equipment 222,335 221,021 215,409 1,314 6,926 Equity investments and other non-current assets 25,173 13,151 12,760 12,022 12,413 Net deferred tax assets 7,896 8,965 10,750 (1,069) (2,854) Other non-current liabilities (32,355) (32,355) - - (32,355) Non-current employee benefits (3,823) (3,681) (3,106) (142) (717) Non-current provision for risks and charges (7,828) (11,203) (15,953) 3,375 8,125 Net fixed capital 390,972 375,684 392,464 15,288 (1,492) Inventories 188,438 126,349 153,608 62,089 34,830 Trade receivables 30,157 26,278 36,704 3,879 (6,547) Contract assets 284,760 264,646 249,803 20,114 34,957 Trade payables (249,495) (285,501) (256,166) 36,006 6,671 Contract liabilities (121,700) (113,924) (144,410) (7,776) 22,710 Other current assets 63,922 93,469 72,539 (29,547) (8,617) Current provisions for risks and charges (19,587) (16,059) (18,834) (3,528) (753) Other current liabilities (61,104) (59,261) (97,432) (1,843) 36,328 Net working capital 115,391 35,997 (4,188) 79,394 119,579 Net invested capital 506,363 411,681 388,276 94,682 118,087 SOURCES Equity 492,392 440,760 415,455 51,632 76,937 (Net financial position) 13,971 (29,079) (27,179) 43,050 41,150 Total sources 506,363 411,681 388,276 94,682 118,087 FINANCIAL STATEMENTS Reclassified balance sheet 24
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(€’000) 30 September 31 December 30 September 2025 2024 2024 Cash 126,276 135,647 131,286 Cash equivalents - - - Other current financial assets 41,765 38,801 40,727 Liquidity 168,041 174,448 172,013 Current financial debt (36,753) (42,940) (41,273) Current portion of non-current financial debt (36,826) (29,492) (27,307) Current financial indebtedness (73,579) (72,432) (68,580) Net current financial indebtedness 94,462 102,016 103,433 Non-current financial debt (108,433) (72,937) (76,254) Debt instruments - - - Non-current trade and other payables - - - Non-current financial indebtedness (108,433) (72,937) (76,254) Net financial position (13,971) 29,079 27,179 (€’000) 30 September 2025 30 September 2024 Change EBITDA 127,984 123,555 4,429 Taxes paid (15,630) (28,025) 12,395 Changes in inventories (61,939) (55,974) (5,965) Change in net contract assets and liabilities (12,348) (70,766) 58,418 Change in trade receivables and advances to suppliers 4,263 (21,566) 25,829 Change in trade payables (36,228) 38,198 (74,426) Change in provisions and other assets and liabilities 10,063 47,336 (37,273) Operating cash flow 16,165 32,758 (16,593) Change in non-current assets (investments) (30,259) (27,757) (2,502) Interest received 2,015 4,744 (2,729) Other changes (553) 477 (1,030) Free cash flow (12,632) 10,222 (22,854) Interest and financial charges (4,115) (1,365) (2,750) Capital increase and other changes in equity 10,033 17,190 (7,157) Change in non-current assets (new perimeter) (1,237) (57,572) 56,335 Change in net financial debt (new perimeter) 762 (19,211) 19,973 Dividends paid (34,780) (34,580) (200) Change in LT provisions and other financial flows (1,081) (27,991) 26,910 Change in net financial position (43,050) (113,307) 70,257 Net financial position at the beginning of the period 29,079 140,486 (111,407) Net financial position at the end of the period (13,971) 27,179 (41,150) FINANCIAL STATEMENTS Net financial position and reclassified cash flow statement 25
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This presentation is being provided to you solely for your information and it may not be reproduced or redistributed to any other person. The information contained in this presentation, which has been prepared by Sanlorenzo S.p.A. (the “Company”) and its consolidated subsidiaries (together, the “Group”) and it is under the responsibility of the Company, does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for, or any solicitatio n of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. The information and opinions contained in this document are provided as at the date of the presentation and are subject to change. Neither the Company nor the Group are under any obligation to update or keep current the information contained in this presentation. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. The director in charge of preparing the corporate accounting documents, Attilio Bruzzese, declares that pursuant to and for the purposes of article 154-bis, paragraph 2 of Italian Legislative Decree no. 58 of 1998, the accounting information contained in this document corresponds to company documents, ledgers and accounting records. Forward-Looking Statements: this document may include projections and other “forward-looking” statements within the meaning of applicable securities laws. In particular, all statements that address expectations or projections about the future, including statements about operating performance, market position, industry trends, general economic conditions, expected expenditures, cost-savings, synergies and financial results, are forward-looking statements. Consequently, any statements contained herein that are not statements of historical fact are forward -looking statements. Forward-looking statements are based on assumptions and current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Accordingly, actual events or results or actual performance of the Company or the Group may differ significantly, positively or negatively, from those reflected or contemplated in such forward -looking statements made herein. The Group expressly disclaims any duty, undertaking or obligation to update publicly or release any revisions to any of the information, opinions or forward looking statements contained in this document to reflect any events or circumstances occurring after the date of the presentation of this document. No representation or warranty is made as to the achievement or reasonableness of, and no reliance should be placed on, such forward-looking statements. Any reference to past performance or trends or activities of the Company shall not be taken as a representation or indication that such performance, trend or activity will continue in the future. This presentation contains alternative performance indicators that are not recognized by IFRS. Different companies and analysts may calculate these non-IFRS measures differently, so making comparisons among companies on this basis should be done very carefully. These non-IFRS measures have limitations as analytical tools, are not measures of performance or financial condition under IFRS and should not be considered in isolation or construed as substitutes for operating profit or net profit as an indicator of our operations in accordance with IFRS. Contacts www.sanlorenzoyacht.com investor.relations@sanlorenzoyacht.com Notice to recipient