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THE ITALIAN SEA GROUP PRESS RELEASE THE ITALIAN SEA GROUP : THE BOARD OF DIRECTORS APPROVES FIRST- HALF 2021 RESULTS • VARIATION OF THE FINANCIAL CALENDAR Doubling of net sales and strong EBITDA increase ( + 110 % ) FY 2021 guidance confirmed , with placement on the higher side of the indicated value range Main results of the first half of 2021 compared to first half of 2020 : • Net sales : 80.9 million Euros compared to 40.6 million Euros ( + 99.5 % ) . • EBITDA : 10.3 million Euros compared to 4.9 million euros ( + 110 % ) with a margin on sales equal to 12.7 % ( vs 12 % in 1H20 ) . • EBIT : 7.9 million Euros compared to 2.9 million Euros ( + 175 % ) , with a margin on sales equal to 9.7 % ( vs 7 % in 1H20 ) . • Net Profit : 4.6 million Euros compared to 1 million Euros . Investments : 10.4 million Euros as of June 30th 2021 . • ● Net Financial Position : positive for 22.3 million Euros as of June 30th , 2021 compared to a negative net financial debt of 8.3 million Euros at the end of 2020 . • The total value of active contracts related to yachts that are yet to be delivered to clients net of the sales already recorded in the income statement ( Net Backlog ) as of June 30th , 2021 ( Shipbuilding and Refit ) is equal to 452.5 million Euros . • As of June 30th 2021 , there are +10 new contracts compared to June 30th 2020 . • Currently , there are 19 yachts and mega yachts under construction . The Board of Directors has deliberated to release on a voluntary basis additional quarterly periodic information reflective of the development of the business .