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THE ITALIAN SEA GROUP PRESS RELEASE THE ITALIAN SEA GROUP : THE BOARD OF DIRECTORS APPROVES SELECTED INFORMATION FOR THE FIRST NINE MONTHS 2021 Significant increase in Net Sales ( 74 % ) and doubling of EBITDA with respect to the same period in 2020 Confirmed Financial Year 2021 Guidance , positioning on the higher side of the previously indicated value range Selected financial information for the first nine months of 2021 with respect to the same period in 2020 : Net sales : 127.8 million Euros with respect to 73.5 million Euros ( + 73.9 % ) ; EBITDA : 17.4 million Euros with respect to 8.7 million Euros ( + 99.7 % ) , with a weight on Net Sales equal to 13.6 % with respect to 11.8 % ; Backlog : Gross backlog equal to 654.3 million Euros and Net backlog equal to 443.3 million Euros ; Net Financial Position : positive for 3.9 million Euros , improving compared to a net financial debt equal to 10.7 million Euros on September 30th , 2020 and a net financial debt equal to 8.3 million Euros on December 31st , 2020 ; Investments : 20.1 million Euros in the first nine months of 2021 , of which 9.1 million Euros in the third quarter of 2021 , more than three times the 6.7 million Euros carried out in the first nine months of 2020 ( + 201.6 % ) , due to the effect of the execution , in line with schedule , of the “ TISG 4.0 ” investment plan which will lead to a significant increase of production capacity ( + 40 % ) by the end of 2022 . Marina di Carrara , November 15th , 2021. The Italian Sea Group S.p.A. ( “ TISG ” or the " Company " ) , global operator in the luxury yachting industry , announces that the Board of Directors has approved , in today's meeting , the additional periodic information indicating the Company's performance related to the third quarter of 2021¹ ( Production Value ; EBITDA ; Backlog ; Net Financial Position and Investments ) . 1 Information not subject to revision , not even limited .