Slides
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H1 2026 RESULTS 1 3 SEPTEMBER 2026 SANLORENZO H1 2026 RESULTS PRESENTATION
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H1 2026 RESULTS 2 H1 2026 RESULTS FINANCIAL UPDATE
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H1 2026 RESULTS 3 SUSTAINED GROWTH, RESILIENT MARGINS AND STRONGER NET CASH H1 2026 RESULTS – HIGHLIGHTS 49.1 46.6 H1 2026 H1 2025 49.4 22.9 30-Jun-26 31-Mar-26 18.0 16.2 H1 2026 H1 2025 83.5 80.5 H1 2026 H1 2025 471.3 454.1 H1 2026 H1 2025 NET REVENUE NEW YACHTS1 / (€M) +3.8% EBITDA / (€M AND % OF NET REVENUE NEW YACHTS) +3.7% EBIT / (€M AND % OF NET REVENUE NEW YACHTS) 62.2 59.9 H1 2026 H1 2025 +3.9% +5.4% ORGANIC INVESTMENTS2 / (€M AND % OF NET REVENUE NEW YACHTS) NET CASH (DEBT) POSITION3 / (€M) +0.3pp +26.5m GROUP NET PROFIT / (€M AND % OF NET REVENUE NEW YACHTS) 3.8% 3.6% 13.2% 13.2% 17.7% 17.7% 10.3% 10.4% Incidence YoY Growth YoY Growth YoY Growth YoY Growth 1. Calculated as the sum of revenue 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 H1 2026 equal to €20.3m. 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 €26.4m as of 30 June 2026 and €27.2m as of 31 March 2026 Net Cash Generation
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H1 2026 RESULTS 4 SUPERYACHT, APAC AND THE AMERICAS DRIVE TOP-LINE GROWTH H1 2026 RESULTS – NET REVENUE NEW YACHTS Net Revenue New Yachts are calculated as the sum of revenue 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 49.4% Yacht Division €232.8m 32.7% Superyacht Division €154.1m 9.2% Bluegame Division €43.6m 8.7% Nautor Swan Division €40.9m 47.2% Europe €222.6m 27.4% Americas €129.0m 9.7% MEA €45.8m 15.7% APAC €73.9m H1 2026 Net Revenue New Yachts at €471m, up 3.8% YoY 388.4 415.1 454.1 471.3 H1 2023 H1 2024 H1 2025 H1 2026 YoY comparison / (€m) +6.9% +9.4% +3.8% Of which ~11% with US clients, and <2% below 30 meters • Superyacht led divisional growth (+12.4% YoY), supported by Yacht (+3.1%), while Bluegame remained broadly stable, showing resilience amid weakness below 30 metres. Nautor Swan contributed €40.9m (-13.9% YoY), reflecting softer sailing market conditions while maintaining its distinctive high-end positioning. • APAC delivered outstanding growth (+35.8% YoY), confirming the structural advantage of Simpson Marine’s established regional platform. Strong dynamics in the Americas (+35.4%), supported by order intake in previous quarters, and MEA (+22.7%). Overall, more balanced geographical mix with Europe’s share below 50% (-16.6%).
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H1 2026 RESULTS 5 UNTAPPED OPPORTUNITIES IN SEVERAL ATTRACTIVE MARKETS DISTRIBUTION NETWORK Untapped opportunities for Sanlorenzo Recently established local presence Direct Distribution arms Untapped West Coast Gaining Market share EUROPE Sanlorenzo MED Sanlorenzo of the Americas APAC Simpson Marine
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H1 2026 RESULTS 6 SOLID MARGINS REFLECTING PRICING POWER AND COST STRUCTURE H1 2026 RESULTS – MARGINALITY H1 EBITDA at €83m (+3.7%) and double-digit Net Profit margin after Swan full consolidation • EBITDA up 3.7% YoY, with margin stable at 17.7% on Net Revenue New Yachts o Pricing power continuing to support profitability o Mainly variable cost base underpinning margin stability over time • EBIT up 3.9%, with margin stable at 13.2% and D&A broadly unchanged in absolute terms • Group Net Profit up 5.4% YoY, with double-digit margin further improving to 10.4% EBIT (€m and margin % on Net Revenue New Yachts) 58.0 59.9 62.2 14.0% 13.2% 13.2% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 H1 2024 H1 2025 H1 2026 +3.9%+3.2% 74.2 80.5 83.5 17.9% 17.7% 17.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% - 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 H1 2024 H1 2025 H1 2026 EBITDA (€m and margin % on Net Revenue New Yachts) +3.7%+8.5%YoY % Change Group Net Profit (€m and margin % on Net Revenue New Yachts) +5.4%+7.0% 43.6 46.6 49.1 10.5% 10.3% 10.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 0 10 20 30 40 50 60 H1 2024 H1 2025 H1 2026
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H1 2026 RESULTS 7 ORDER INTAKE CONSISTENTLY GROWING FOR 8 CONSECUTIVE QUARTERS H1 2026 RESULTS – ORDER INTAKE EVOLUTION €M 253 208 170 181 230 168 155 270 253 178 241 223 273 Order Intake Q3 Order Intake Q4 Order Intake Q1 Order Intake Q2 260 Nautor Swan acquired backlog1 2023 2024 2025 2023 2024 2025 2023 2024 2025 2026 2023 2024 2025 2026 +13.1% vs Q2 2025 1.1x Book-to-Bill Q2 2026 Order Intake growing YoY since Q3 2024 1. Q3 2024 order intake of €260m excludes €96m of pre-existing backlog acquired with Nautor Swan in August 2024.
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H1 2026 RESULTS 8 €496 MILLION OF ORDER INTAKE, A €77 MILLION INCREASE YOY H1 2026 RESULTS – BACKLOG EVOLUTION 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. 1,002 1,499 1,028 496 471 Net Backlog 1-Jan 2026 Order intake H1 2026 Order Backlog 30-Jun 2026 Net Revenues New Yachts H1 2026 Net Backlog 30-Jun 2026 High-quality Order Backlog 89% SOLD TO FINAL CLIENTS 985 as of Jun ‘25 1,499 667 832 Order Backlog 30-Jun 2026 Of which 2026 Of which 2027 and beyond H1 2026 ORDER INTAKE AND BACKLOG / (€M) ORDER BACKLOG COMPOSITION / (€M) +18.3% vs H1 2025 ~1.1x book-to-bill H1 2026 83% FY26 Guidance mid-point coverage as of June 30th 78% as of Jun ‘25
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H1 2026 RESULTS 9 EXPANSIONARY CAPEX SUPPORTING BUSINESS DEVELOPMENT H1 2026 RESULTS – INVESTMENTS Organic Net Capex at €18.0m, equivalent to 3.8% of Net Revenue New Yachts • Total Net Investments amounted to €20.3m, comprising €18.0m of Organic Capex and a €2.2m perimeter impact arising from the acquisition of a business unit from Mast Italia S.r.l.. • Approximately 87% of Organic Capex was expansionary: o ~€11.0m for R&D and product development o ~€4.7m for new industrial and distribution capacity • Recurring industrial Capex remained limited to €1.3m, equivalent to approximately 0.3% of Net Revenue New Yachts. 7.0 4.7 1.1 1.3 7.4 11.0 0.8 1.1 3.6% 3.8% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 0.000 5.000 10.000 15.000 20.000 25.000 H1 2025 H1 2026 Other investments R&D and product development Recurring industrial New industrial & distribution capacity Capex as % of Net Revenues New Yachts Organic Capex YoY comparison / (column: €m and % of the total; line: % on Net Revenue New Yachts) 18.0 16.2
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H1 2026 RESULTS 10 STRONG Q2 CASH GENERATION, WITH NET CASH AT €49 MILLION H1 2026 RESULTS – NET WORKING CAPITAL & NET CASH POSITION Net Financial Position / (€m) -8.3 -14.0 20.1 22.9 49.4 30-Jun 2025 30-Sep 2025 31-Dec 2025 31-Mar 2026 30-Jun 2026 • Net Working Capital at €86.5m, broadly stable YoY and down €32.4m versus 31 March 2026, reflecting the normal seasonal reabsorption of the Q1 build-up. • Net Cash Position at €49.4m, up €26.5m in Q2 after the payment of €37.0m in dividends in May. • Net Cash Position includes €26.4m of IFRS 16 lease liabilities as of 30 June 2026. Net Working Capital / (€m) 86.6 115.4 99.8 118.9 86.5 30-Jun 2025 30-Sep 2025 31-Dec 2025 31-Mar 2026 30-Jun 2026 +57.7-0.2 Note: Net Financial Position calculated in accordance with ESMA document 32-382-1138, 4 March 2021 1. Interest paid and equity flows Net Cash Position Bridge / (€m) 20.1 49.4 79.1 7.4 -17.9 -2.3 -37.0 31-Dec-25 Net cash EBITDA less cash taxes Delta WC Net capex Others Net cash pre-dividends Dividends 30-Jun-26 Net cash +66.3 pre-dividend 86.4 1
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H1 2026 RESULTS 11 CONTINUED PATH OF SUSTAINABLE GROWTH, SUPERIOR RESILIENCE H1 2026 RESULTS – 2026 GUIDANCE AND 2026-2028 BUSINESS PLAN CONFIRMED €m 2019 2020 2021 2022 2023 2024 2025 2026 Guidance 2028 Outlook NET REVENUE NEW YACHT1 YOY GROWTH % 455.9 457.7 +0.4% 585.9 +28.0% 740.7 +26.4% 840.2 +13.4% 930.4 +10.7% 960.4 +3.2% 980-1.020 +4.1% ≥ 6% CAGR 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% 180.6 +2.4% 180-192 +3.0% 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% 18.8% -0.1% 18.4%-18.8% -0.2% ≥ 19.0% 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% 139.9 +0.4% 140-147 +2.2% 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 14.6% -0.4% 14.2%-14.4% -0.3% ≥ 14.5% 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% 107.4 +4.2% 108–114 +3.4% 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% 48.2 5.0% 50-55 5.3% 5.0% - 5.5% 1. Revenue refers always to Net Revenue New Yacht: Calculated as the sum of revenue 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
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H1 2026 RESULTS 12 BUSINESS DEVELOPMENT UPDATE
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H1 2026 RESULTS 13 Maxi Swan 128 2A CONTINUED PRODUCT MOMENTUM AHEAD OF THE 2026 BOAT SHOW SEASON RECENT LAUNCHES AND UPCOMING WORLD PREMIERES SL80A - New entry point to the iconic asymmetric SL range Digital unveil in June 2026 SHE - First model of Sanlorenzo’s new Heritage range World Premiere at Cannes 74Steel - Sanlorenzo’s new flagship platform Silver Fox premiere at Monaco Yacht Show BG64 - Completing Bluegame’s BG range World Premiere at Cannes Swan 80 – New gateway to the Swan Maxi range World Premiere at Cannes
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CANNES PRESS CONFERENCE 2026 14 BRAND AND PROUCT DEVELOPMENT CREATING LONG-TERM VALUE A CONTINUOUS FOCUS ON BUILDING DIFFERENTIATION AND DESIRABILITY = INNOVATION DESIGN RANGECO-CREATION New products and proprietary technologies Evolutionary and understated, preserving tradition Portfolio expansion and diversification Tailor-made customer experience
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H1 2026 RESULTS 15 Q&A
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H1 2026 RESULTS 16 APPENDIX
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H1 2026 RESULTS 17 MONOBRAND STRATEGY FOR EACH MARKET, WITH NO OVERLAPS MODELS RANGE ACROSS GROUP SHARING AN ABSOLUTE LUXURY POSITIONING REINFORCED BY SCARCITY PHILOSOPHY AND DESIRABILITY 24mt 75mt Motor-yachts monobrand 13mt Motor-boats niche 13mt 40mt Sailing-yachts monobrand 80% ~9%~9% (1) (1) 2025 [NEW] CRUISER FOIL BGF LINE MULTI-HULL MOTOR YACHT BGM LINE 2023 2019 2018 1958 2006 - 2009 2015 - 2017 2022 - 2023 2026-2028 1966 CROSSOVER BGX LINE MULTI-PURPOSE OPEN BOAT BG LINE FLYBRIDGE SL LINE NAVETTA SD LINE SUPERYACHT STEEL LINE CROSSOVER SX LINE SPORT COUPE’ SP LINE STEEL NAVETTA X SPACE LINE [NEW] SL HERITAGE SHE LINE from 2026 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 2026 [NEW] BLUEWATER SWANSCAPE LINE from 2027 Heritage EXPLORER EXP LINE (1) upselling Size limit to avoid one-off construction risk [NEW] CENTO LINE from 2028 1. Based on H1 2026 Net Revenue New Yacht
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H1 2026 RESULTS 18 ROBUST PIPELINE TO BE INTRODUCED TO THE MARKET IN 2026 MODELS DEVELOPMENT RELEASE CADENCE FOR 2026 SX136 NEW MODEL UNVEIL YACHT 1150 EXP NEW MODEL UNVEIL SUPERYACHT SD98 NEW MODEL UNVEIL YACHT NEW BGX83 FLAGSHIP DUSSELDORF PREMIERE SWAN 80 NEW MODEL LAUNCH GATEWAY TO MAXI SWAN 73 NEW CLASSIC SWAN LINE UNVEIL NEW BG64 MODEL PREMIERE COMPLETING BG RANGE SWANSCAPE 24 FIRST MODEL UNVEIL NEW BLUEWATER LINE (START OF 2027) SL80A NEW MODEL UNVEIL YACHT
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H1 2026 RESULTS 19 PRIVILEGED INNOVATION PARTNER TO LEADING PROPULSION PLAYERS PIONEERING TECHNOLOGY SX76 SX88 SX100 PARALLEL HYBRID ELECTRIC VESSEL 2026 → SHE (HYBRID AS STANDARD CONFIGURATION) TECH PLATFORM EXTENSION TO 2028: SHE – World Premiere Cannes Yachting Festival & Genoa Boat Show Launched July 2026 in Ameglia shipyard
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H1 2026 RESULTS 20 RESEARCH INTO SUSTAINABLE TECHNOLOGIES AND APPLICATIONS PIONEERING TECHNOLOGY AT THE FOREFRONT OF BI-FUEL TECHNOLOGY, WITH SOLUTIONS ALREADY IN PLACE TO SCALE AS MARKET ECOSYSTEM EVOLVES BIFUEL & ALTERNATIVE FUELS 1. Life Mystic (50mt Superyacht Bi-fuel) 2. Methanol and bio-methanol on-board systems 3. HVO and Hydrogen FUEL CELL 4. Commercial products application «CFD» COMPETENCE CENTER 5. Hull design and appendages optimizationSUSTAINABILITY & PROPULSION1 BI-FUEL ENGINE PROTOTYPE COMPLETED AND ONGOING TESTING FUEL PREPARATION ROOM Bunkering station Underwater venting line Fuel Preparation Room bilge Connections to convert the tanks to diesel Access to Fuel Preparation Room
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H1 2026 RESULTS 21 CLOSING REMARKS PERFORMANCE UNDERPINNED BY CLEAR STRUCTURAL STRENGTHS UNIQUE GLOBAL DIRECT DISTRIBUTION NETWORK LEADERSHIP IN THE 30–50M YACHT MARKET SWEET SPOT HIGH-QUALITY BACKLOG, WITH 90% SOLD TO FINAL CLIENTS STRONG BRAND EQUITY AND OWNER-CENTRIC APPROACH BEST-IN-CLASS PROFITABILITY, SUPPORTED BY STRONG PRICING POWER HIGHLY LOYAL UHNWI OWNER BASE OF YACHTING CONNOISSEURS Sanlorenzo NRNY vs Luxury(1) Net Revenues (EUR) (trend setting 2019=100) 100 100 129 162 184 204 211 100 87 117 138 148 147 142 2019 2020 2021 2022 2023 2024 2025E Sanlorenzo Net Revenues New Yachts (EUR) Average Luxury - Net Revenues (EUR) 1. Luxury revenues trend calculated as weighted average of Brunello Cucinelli, Hermes, Ferrari, LVMH, Kering, Ferragamo, Moncler, Prada, Burberry, Swatch, Porsche, Aston Martin, Richemont and Technogym. Source: Management analysis on company financial statements FY2025
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H1 2026 RESULTS 22 CAPITAL ALLOCATION PRIORITIES 2026-2028 FINANCIAL OUTLOOK 2026-2028 BUSINESS DEVELOPMENT >20% NET ROIC ACROSS THE PLAN PRODUCTION & PRODUCT DEVELOPMENT EXPANSION ~5% net revenue new yacht SHAREHOLDER REMUNERATION DIVIDEND POLICY 30-40% payout A 1 WORKING CAPITAL strategic lever to enter new geographies ceiling current ~12% revenue SHARE BUYBACK approved up to 10% of share capital B 2 STRONG BALANCE SHEET maintain optionality for add-on (es. Refit) consolidation opportunities C
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H1 2026 RESULTS 23 11A 379 268 407 523 593 600 572 568 451 539 414 501 610 566 566 525 830 807 821 1,024 1,203 1,166 1,138 1,093 2018 2019 2020 2021 2022 2023 2024 2025 46% 49% 52% ITALIAN SHIPYARDS CONTINUE TO GAIN MARKET SHARE KEY MARKET TRENDS 1. Source: Global Order Book 2019-2026 – BOAT International. The Global Order Book counts all projects over 24 metres length overall on order or in build signed with a minimum 10% deposit received, on 1 September each year ITALIAN STRUCTURAL ADVANTAGE • Craftmanship • Industrial efficiency • Local ecosystem • Italian design & lifestyle REST OF WORLD SHIPYARDS PRODUCTION ITALIAN SHIPYARDS PRODUCTION % ITALIAN BUILDERS GLOBAL SHARE 1 # OF YACHTS >24MT IN-BUILD AT YEAR-END OF EACH YEAR1
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BUSINESS PLAN 2026 24 KEY ACHIEVEMENTS SANLORENZO BRAND LEADER IN THE 30-40MT MARKET SWEET SPOT 1. Superyacht Times Market Research – data as of November 2025 25 25 26 36 40 44 54 68 87 141 HORIZON YACHTS MANGUSTA SUNSEEKER RIVA GULF CRAFT BENETTI OCEAN ALEXANDER AZIMUT CUSTOM LINE SANLORENZO 30-40 METERS CUMULATIVE LAST 10 YEARS DELIVERIES BY BRAND1 (2015-2024 number of units) Azimut Benetti combined: 112 Ferretti Group combined: 123 SANLORENZO KEY DIFFERENTIATING FACTORS: • PRICE LEADERSHIP • ~10 YEARS MODEL LIFETIME PHILOSOPHY MORE THAN DOUBLE INDUSTRY • TRAILBLAZING INNOVATION • MARGIN LEADERSHIP • SCALABILITY/EFFICIENCY DRIVEN BY REPETITION OF MODELS WITH LONGER LIFETIME • HIGH DESIDERABILITY • HOLDING VALUE, HIGHER SECOND-HAND RESALE VALUE • NO VOLUME INFLATION TO PRESERVE SCARCITY AND BRAND-VALUE
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H1 2026 RESULTS 25 RESILIENCE ACROSS INDUSTRY’S CYCLES PROVEN GROWTH AND MARGIN RESILIENCE OVER THE CYCLE Revenues presented as Value of Production according to Italian GAAP until 2015 and Net Revenues New Yachts according to IFRS from 2016 onwards. 2026G based on mid-point values of outstanding Guidance 57 107 125 198 181 196 219 169 158 208 220 222 231 327 456 458 586 741 840 930 960 1,000 6 6 9 23 17 17 29 15 17 21 21 30 29 38 66 71 96 130 158 176 181 186 10.5% 5.6% 7.0% 11.5% 9.1% 8.8% 13.0% 8.8% 10.5% 9.9% 9.5% 13.5% 12.5% 11.6% 14.5% 15.4% 16.3% 17.6% 18.7% 19.0% 18.8% 18.6% 00 200 400 600 800 1000 1200 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026G Revenues (€m) EBITDA (€m) EBITDA Margin (% of revenues) • Sustained growth through the cycle from 2005 to 2025, +15.2% Revenues CAGR and +18.6% EBITDA CAGR • Even during the 2008-2014 period, the worst crisis ever of the nautical sector, +0.8% Revenues CAGR with 10.3% average EBITDA margin, with never a single year of operating loss
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H1 2026 RESULTS 26 INNOVATION WITHIN TRADITION PILLARS OF SANLORENZO GROUP MEDIUM-TERM STRATEGY TRACK-RECORD AND HIGHLIGHTS 2026-2028 STRATEGY CONTINUE TO STRENGTHEN LEADERSHIP POSITION AND MAIN COMPETITIVE ADVANTAGES BEST-IN-CLASS MANAGEMENT TEAM PIONEERING TECHNOLOGY OPERATIONAL EXCELLENCE UNIQUE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH
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H1 2026 RESULTS 27 8 YEARS8 YEARS NEW SL120A A TIMELESS APPROACH TO NEW PRODUCT DEVELOPMENT YACHT DEVELOPMENT ~10 YEARS AVERAGE LIFETIME, MORE THAN DOUBLE THE INDUSTRY SUPPORTING HIGHER VALUE IN SECOND-HAND MARKET AND HIGHER RETURN ON CAPITAL INVESTED IN PRODUCT DEVELOPMENT LAUNCH SD96 SX88 SL118 44Alloy 2014 2015 2016 2017 2018 SD96 SD9810 YEARS 2019 2020 2021 LAUNCH SX88 NEW SX8811 YEARS 9 YEARS SANLORENZO YACHTSSANLORENZO SUPERYACHTS SL120A 44ALLOY SL118 2022 2023 2024 2025 2026 2027 2028 UPDATE PHASE-OUT 64Steel 10 YEARS64STEEL PHASE-OUT 500Explorer 9 YEARS500EXP UPDATE SELECTION OF MODELS IN UPDATE OR PHASE-OUT LAUNCH LAUNCH UPDATE LAUNCH LAUNCH UPDATE LAUNCH
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H1 2026 RESULTS 28 2ASANLORENZO CLUB OF CONNOISSEUR OWNERS KEY CUSTOMERS TRENDS 3.5 YEARS AVERAGE TIME BETWEEN RE-PURCHASE since 2020. Before 2020, the average time between repurchase was 5 years 75% REPEAT BUYERS UPSIZE OVER TIME On average growing by 6 meters DOUBLE UTILISATION TIME From 60 days to 120 days >70% AVERAGE UPSELLING When comparing the value of the latest purchase of a repeat customer with the value of the previous purchase
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H1 2026 RESULTS 29 Global Fleet Evolution of Yachts 30+ meters UNTAPPED REFIT UPSIDE OPPORTUNITY KEY MARKET TRENDS 859 917 966 1,025 1,090 1,169 1,238 1,305 1,370 1,492 1,485 1,557 1,643 1,731 1,835 1,952 2,093 2,240 2,411 2,577 2,793 3,031 3,290 3,507 3,716 3,891 4,083 4,254 4,404 4,547 4,704 4,851 4,950 5,096 5,245 5,396 5,555 5,787 6,022 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Global Fleet Evolution of Yachts 30+ meters Source: The State of Yachting 2025. SuperYacht Times 2,342 1,103 893 764 920 Pre 2005 2005-2009 2010 - 2014 2015 - 2019 2020 - 2024 >70% OF GLOBAL FLEET (>4,000 YACHTS 30MT+) OLDER THAN 10 YEARS STRENGTHENING THE CUSTOMER VALUE PROPOSITION, WHILE UNLOCKING THE POTENTIAL FOR RECURRING, HIGH-MARGIN REVENUE STREAMS SUPPORTED BY A GROWING INSTALLED BASE AND AN AGEING FLEET
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H1 2026 RESULTS 30 NAUTOR SWAN NEW PRODUCT LINES DRIVE GROWTH SAILING YACHT DEVELOPMENT 73% Based on Nautor Swan FY 25 Revenue1 18% Refit and other services ~2,300 customer club Classic sailing DNA 51-73 ft Range: 51, 55, 58, 65, 73 Carbon fiber Sailing yachts >80ft Range: 80, 88, 98, 108, 128 Racing line 28-50 ft Range: 28, 36, 43, 50 4% Alloy sailing yachts 44-65 mt (144-184 ft) Bluewater sailing yachts 24 mt (80 ft) 4% Motor boats niche 42-75 ft TO BE RENEWED 1. Note: Revenue refers to Net Revenue New Yacht plus net revenues from services; figures may not sum to 100% due to rounding EXISTING BUSINESS STREAMS NEW PRODUCT LINES & M/Y RENEWAL
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H1 2026 RESULTS 31 NEW SWAN ALLOY LINE, ADDING A NEW MARKET SEGMENT SAILING YACHT DEVELOPMENT • Swan Alloy 44: first aluminum Swan and new flagship at 43.5m with advanced hybrid energy solutions • Project reflects the brand’s entrance in the market segment of large sailing superyachts • Aluminum hull construction in the Netherlands, fitting phase in Viareggio, Italy – leveraging on Sanlorenzo’s ecosystem of finest craftsmen
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H1 2026 RESULTS 32 2AWELLNESS & LONGEVITY INCREASING IMPORTANCE PRIORITY KEY MARKET TRENDS GLOBAL WELLNESS ECONOMY MARKET SIZE AND GROWTH PROJECTIONS USD trillions WELLNESS ECONOMY SECTORS EXPECTED CAGR (2024A-2029E) • Wellness Economy is the Third-Largest Spending with USD 6.76 trillion across sectors • Double-digit growth on Real Assets, Springs and Tourism, those most similar to Luxury Yachting 2.2% 4.7% 4.8% 5.1% 7.1% 7.7% 9.1% 10.0% 10.1% 10.8% 15.2% WORKPLACE WELLNESS PUBLIC HEALTH & PREVENTION PERSONAL CARE & BEAUTY PHYSICAL ACTIVITY HEALTHY EATING, NUTRITION SPAS WELLNESS TOURISM THERMAL/MINERAL SPRINGS MENTAL WELLNESS TRADITIONAL & COMPLEMENTARY MEDICINE WELLNESS REAL ESTATEWELLNESS REAL ESTATE THERMAL SPRINGS WELLNESS TOURISM Source: Global Wellness Institute, November 2025; https://globalwellnessinstitute.org/press-room/press-releases/the-global-wellness-economy-hits-a-record-6-8-trillion-and-is-forecast-to-reach-9-8-trillion-by-2029/ 6.2% CAGR 2019-2024 9.75 5.00 4.67 5.48 5.87 6.27 6.76 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 7.6% PROJECTED CAGR 2024-2029 Those who live on boats have more regular circadian rhythms and less exposure to urban noise and pollution, quicker ability to break Hunter et al., Frontiers in Psychology (2021)
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H1 2026 RESULTS 33 2AWELLNESS BECOMING A CORE DESIGN PRINCIPLE IN LUXURY YACHTING FROM ONBOARD AMENITY TO INTEGRATED ARCHITECTURAL ELEMENT • Wellness increasingly influencing yacht architecture from the earliest stages of design, rather than being added as a standalone amenity • Sanlorenzo already embedding wellness-oriented solutions across its yachts, combining dedicates spaces, natural light and closer connection with the sea BEACH CLUB & SPA Complete wellness environment integrated into the yacht experience Delivered in 2026, 72m Silver Fox is the first yacht of Sanlorenzo’s 74Steel series NATURAL LIGHT Glass-bottomed pool bringing daylight into the spaces below FITNESS & WELLBEING Dedicated exercise areas extending beyond the conventional indoor gym “For owners and buyers, wellness is increasingly shaping yacht architecture and onboard experience.” Source: abstract from YachtBuyer.com, 17 August 2026
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H1 2026 RESULTS 34 78% Industrial Capacity Utilization ~80% Industrial Capacity Utilization +15% Capacity 2025A 2028E Upside CAPEX EXECUTION IN LINE WITH BUSINESS PLAN OPERATIONAL EXCELLENCE ORGANIC CAPEX ROADMAP TO ENHANCE CAPACITY, TARGETING OPTIMAL BALANCE BETWEEN EFFICIENCY, PRESERVATIONOF SCARCITY AND NEW ORDERS DELIVERY TIME • Production capacity 2025 of >140k square meters (including ~15k of Nautor Swan) vs ca. 100k in 2022. 78% utilized • 15% planned production capacity expansion 2025-2028 along with optimization of current industrial facilities to target ~80% utilization by the end of 2028 • ~€100mln cumulative Capex in production capacity in 2026-2028 • Capacity headroom preserving efficiency and flexibility • ~10% upside industrial capacity through development of infrastructure in already-owned land, as well as start-up Brescia plant beyond 2028 +10% Capacity upside
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H1 2026 RESULTS 35 RECLASSIFIED CONSOLIDATED INCOME STATEMENT FINANCIAL STATEMENTS (€’000) Six months ended 30 June Change 2026 % Net Revenue New Yachts 2025 % Net Revenue New Yachts 2026 vs. 2025 2026 vs. 2025% Net Revenue New Yachts 471,333 100.0% 454,123 100.0% 17,210 +3.8% Revenue from maintenance and other services 31,295 6.6% 21,376 4.7% 9,919 +46.4% Other income 12,711 2.7% 11,741 2.6% 970 +8.3% Operating costs (430,589) (91.4)% (405,956) (89.4)% (24,633) +6.1% Adjusted EBITDA 84,750 18.0% 81,284 17.9% 3,466 +4.3% Non-recurring costs (1,258) (0.3)% (739) (0.2)% (519) +70.2% EBITDA 83,492 17.7% 80,545 17.7% 2,947 +3.7% Depreciation and amortisation (21,280) (4.5)% (20,687) (4.6)% (593) +2.9% EBIT 62,212 13.2% 59,858 13.2% 2,354 +3.9% Net financial income / (expense) (944) (0.2)% (1,949) (0.4)% 1,005 -51.6% Adjustments to financial assets 488 0.1% (338) (0.1)% 826 -244.4% Pre-tax profit 61,756 13.1% 57,571 12.7% 4,185 +7.3% Income taxes (11,056) (2.3)% (10,356) (2.3)% (700) +6.8% Net profit 50,700 10.8% 47,215 10.4% 3,485 +7.4% Net (profit)/loss attributable to non-controlling interests (1,572) (0.3)% (587) (0.1)% (985) +167.8% Group net profit 49,128 10.4% 46,628 10.3% 2,500 +5.4%
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H1 2026 RESULTS 36 RECLASSIFIED BALANCE SHEET FINANCIAL STATEMENTS (€’000) 30 June 31 December 30 June Change 2026 2025 2025 30 June 2026 vs. 31 December 2025 30 June 2026 vs. 30 June 2025 USES Goodwill 70,521 69,635 69,267 886 1,254 Other intangible assets 116,765 117,957 110,756 (1,192) 6,009 Property, plant and equipment 221,623 222,572 217,477 (949) 4,146 Equity investments and other non-current assets 28,065 27,963 12,678 102 15,387 Net deferred tax assets 5,982 7,435 9,265 (1,453) (3,283) Other non-current liabilities (32,355) (32,355) (32,355) - - Non-current employee benefits (3,481) (3,773) (3,674) 292 193 Non-current provision for risks and charges (5,348) (5,418) (12,071) 70 6,723 Net fixed capital 401,772 404,016 371,343 (2,244) 30,429 Inventories 181,235 178,293 186,716 2,942 (5,481) Trade receivables 31,534 36,978 37,122 (5,444) (5,588) Contract assets 324,415 294,831 282,753 29,584 41,662 Trade payables (256,203) (293,066) (280,912) 36,863 24,709 Contract liabilities (178,109) (130,356) (145,882) (47,753) (32,227) Other current assets 63,909 96,780 85,559 (32,871) (21,650) Current provisions for risks and charges (19,125) (17,638) (13,836) (1,487) (5,289) Other current liabilities (61,190) (66,029) (64,887) 4,839 3,697 Net working capital 86,466 99,793 86,633 (13,327) (167) Net invested capital 488,238 503,809 457,976 (15,571) 30,262 SOURCES Equity 537,606 523,907 449,662 13,699 87,944 (Net financial position) (49,368) (20,098) 8,314 (29,270) (57,682) Total sources 488,238 503,809 457,976 (15,571) 30,262
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H1 2026 RESULTS 37 NET FINANCIAL POSITION AND RECLASSIFIED CASH FLOW STATEMENT FINANCIAL STATEMENTS (€’000) 30 June 31 December 30 June 2026 2025 2025 Cash 170,624 149,056 138,366 Cash equivalents - - - Other current financial assets 32,769 39,121 65,690 Liquidity 203,393 188,177 204,056 Current financial debt (23,302) (29,894) (59,145) Current portion of non-current financial debt (34,136) (34,884) (40,483) Current financial indebtedness (57,438) (64,778) (99,628) Net current financial indebtedness 145,955 123,399 104,428 Non-current financial debt (96,587) (103,301) (112,742) Debt instruments - - - Non-current trade and other payables - - - Non-current financial indebtedness (96,587) (103,301) (112,742) Net financial position 49,368 20,098 (8,314) (€’000) H1 2026 H1 2025 Change EBITDA 83,492 80,545 2,947 Taxes paid (4,388) (1,972) (2,416) Changes in inventories (2,942) (60,217) 57,275 Change in net contract assets and liabilities 18,169 13,841 4,328 Change in trade receivables and advances to suppliers 15,813 (10,911) 26,724 Change in trade payables (36,863) (4,799) (32,064) Change in provisions and other assets and liabilities 23,234 7,075 16,159 Operating cash flow 96,515 23,562 72,953 Change in non-current assets (investments) (18,033) (16,216) (1,817) Interest received 1,702 1,230 472 Other changes 19 (1,106) 1,125 Free cash flow 80,203 7,470 72,733 Interest and financial charges (2,144) (2,625) 481 Capital increase and other changes in equity (160) (3,403) 3,243 Change in non-current assets (new perimeter) (1,600) (860) (740) Change in net financial debt (new perimeter) - (99) 99 Dividends paid (36,975) (34,706) (2,269) Change in LT provisions and other financial flows (10,054) (3,170) (6,884) Change in net financial position 29,270 (37,393) 66,663 Net financial position at the beginning of the period 20,098 29,079 (8,981) Net financial position at the end of the period 49,368 (8,314) 57,682
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H1 2026 RESULTS 38 NOTICE TO RECIPIENT This presentation is being provided to you solely for your information and may not be reproduced or redistributed to any other person. The information contained in this presentation has been prepared by Sanlorenzo S.p.A. (the “Company”) and its consolidated subsidiaries (together, the “Group”) and is under the responsibility of the Company. It does not constitute or form part of any offer to sell or issue, or invitation to purchase or subscribe for, or any solicitati on of any offer to purchase or subscribe for, any securities of the Company. Neither this presentation, nor any part of it, nor the fact of its distribution shall form the basis of, or be relied on in connection wit h, 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 is 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 pe rcentages may not precisely reflect the absolute figures. The Manager charged with preparing the Company’s financial reports, Attilio Bruzzese, declares, pursuant to Article 154 -bis, paragraph 2, of Italian Legislative Decree No. 58 of 24 February 1998, that the accounting information contained in this presentation corresponds to the documented results, books 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 eco nomic 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 the 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 publicly update 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 this presentation. 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, trends or activities of the Company shall not be taken as a representation or indication t hat such performance, trend or activity will continue in the future. This presentation contains alternative performance measures that are not recognised under IFRS. Different companies and analysts may calculate these non-IFRS measures differently; therefore, comparisons among companies on this basis should be made with caution. 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 measures presented in accordance with IFRS. Contacts www.sanlorenzoyacht.com investor.relations@sanlorenzoyacht.com