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August 7, 2025H1 2025 Results Presentation
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INNOVATION BEGINS WITH US Disclaimer This proprietary presentation (including any accompanying oral presentation, question and answer session and any other document or materials distributed with or in connection with this presentation) (collectively, the “Presentation”) has beenprepared by Technoprobe S.p.A. (the “Company” and together with its subsidiaries, the “Technoprobe Group”) for information purposes only. This Presentation should not be used for any other purpose. The Presentation is not intended to form thebasis of any investment activity or decision and does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, a solicitation to buy, an invitation or a solicitation of an offer, to buy, sell or subscribe for orotherwise acquire, any securities of any kind in any jurisdiction where such an offer, solicitation or sale should require registration, qualification, notice, disclosure or application in the United States or in any other jurisdiction, nor shall it or any partof it form the basis of or be relied upon in connection with or act as any inducement or recommendation to enter into any contract or commitment or investment decision whatsoever.This Presentation may not be distributed, reproduced, or used in whole or in part without the express consent of the Company or for any purpose other than those for which it has been prepared by the person to whom this document has beendelivered.Mr.Stefano Beretta, the officer in charge of preparing the corporate accounting documents of Technoprobe S.p.A. declares that, pursuant to paragraph 2, Art. 154 bis of the Consolidated Law on Finance, to the best of his knowledge, theaccounting information contained in the Presentation corresponds to the documental results, accounting books and records.The financial information set forth herein has been derived by the information set out in the Company’s interim condensed consolidated financial statements as of and for the period ended on June 30, 2025, prepared in accordance with theInternational Financial Reporting Standards issued by the International Accounting Standards Board and endorsed by the European Union (“IFRS”) had been subject to review. The Presentation has been independently verified and containssummary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. No representation or warranty (express or implied) is made as to, and noreliance should be placed on, the accuracy, completeness, quality, relevance, sufficiency or fairness for any purpose whatsoever of any of the information contained in the Presentation, including projections, estimates, targets and opinions,contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein relating to, or resulting from, the Presentation, its inaccuracy or incompleteness, or the use of, or reliance upon, thePresentation. To the extent applicable, the industry, market and competitive position data contained in the Presentation has come from official or third party sources. Third-party industry publications, studies and surveys generally state that thedata contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the fairness, quality, accuracy, relevance, completeness or sufficiency of such data. While the Technoprobe Group believes that eachof these publications, studies and surveys has been prepared by a reputable source, the Technoprobe Group has not independently verified the data contained therein. In light of the foregoing, no reliance may be or should be placed on any of theindustry, market or competitive position data contained in the Presentation.The information in the Presentation may include statements that are, or may be deemed to be, forward-looking statements regarding future events and the future results of the Technoprobe Group that are based on current expectations, estimates,forecasts and projections about the industry in which the Technoprobe Group operates and the beliefs, assumptions and predictions about future events of the management of the Technoprobe Group. In particular, among other statements, certainstatements with regard to management objectives, trends in results of operations, margins, costs, return on equity, risk management are forward-looking in nature. Forward-looking information and forward-looking statements (collectively, the“forward-looking statements”) are based on the Technoprobe Group’s internal expectations, estimates, projections assumptions and beliefs as at the date of such statements or information including management’s assessment of the TechnoprobeGroup’s future financial performance, plans, capital expenditures, potential acquisitions and operations concerning, among other things, future operating results from targeted business and development plans and various components thereof or theTechnoprobe Group’s future economic performance. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks, assumptions, uncertainties and other factors which maycause the Technoprobe Group’s actual performance and financial results in future periods to differ materially from any estimates or projections contained herein. When used in the Presentation, the words “expects,” “believes,” “anticipate,” “plans,”“may,” “will,” “should”, “scheduled”, “targeted”, “estimated” and similar expressions, and the negatives thereof, whether used in connection with financial performance forecasts, expectation for development funding or otherwise, are intended toidentify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements and the risk thatthe future benefits and operating activity by the Technoprobe Group may be adversely impacted. These forward-looking statements speak only as of the date of the Presentation and are subject to change without notice and do not purport tocontain all information that may be required to evaluate the Technoprobe Group. In the view of the Technoprobe Group’s management, the Presentation was prepared by management on a reasonable basis, reflects the best currently availableestimates and judgements, and presents, to the best of management’s knowledge and belief, the expected course of action and the expected future performance and results of the Technoprobe Group. However, such forward-looking statementsare not fact and should not be relied upon as being necessarily indicative of future results. The Technoprobe Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions of the information, opinions or anyforward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based except as required by applicablesecurities laws.The Presentation contains non-International Financial Reporting Standards (“IFRS”) industry benchmarks and terms, such as EBITDA, EBITDA Margin, Gross Operating Margin, Gross operating margin percentage, Research and developmentexpense ratio, Capital expenditures, Net Financial Position. The non-IFRS financial measures do not have any standardized meaning and therefore are unlikely to be comparable to similar measures presented by other companies. TheTechnoprobe Group uses the foregoing measures to help evaluate its performance. As an indicator of the Technoprobe Group’s performance, these measures should not be considered as an alternative to, or more meaningful than, measures ofperformance as determined in accordance with IFRS. The Technoprobe Group believes these measures to be key measures as they demonstrate the Technoprobe Group’s underlying ability to generate the cash necessary to fund operations andsupport activities related to its major assets. By reading or accessing the Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Technoprobe Group and that you willconduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Technoprobe Group’s business. Recipients should not construe the contents of the Presentation as legal, tax, regulatory,financial or accounting advice and are urged to consult with their own advisers in relation to such matters. Unless as otherwise stated herein, the Presentation speaks only as of June 30, 2025 and the information and opinions contained in thePresentation are subject to change without notice and do not purport to contain all information that may be required to evaluate the Technoprobe Group. The information included in the Presentation may be subject to updating, completion, revisionand amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in the Presentation and any opinions expressed relating thereto are subject to change withoutnotice. To the fullest extent permissible by law, the Technoprobe Group disclaims all and any responsibility or liability, whether arising in tort, contract or otherwise, which it might otherwise have in respect of the Presentation.2
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INNOVATION BEGINS WITH US Technoprobe at a glance 3 1996Year of Foundation~3,300EmployeesWorldwide€4.5bnMarketCap+600Proprietarypatents
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INNOVATION BEGINS WITH US H1 2025 market drivers 4Revenues at325.9€mup 7.3% QoQup 35.2% YoY Slight increase in Consumer market Weakness in Automotive only partially offset by upward trend in Industrial Consistent growth in AI
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INNOVATION BEGINS WITH US Financial Highlights 5 Revenueswere 168.7€mup 21.1% YoY, up 7.3% QoQ Q2 2025Gross Profitwas 79.9€mup 38.4% YoY, with a margin of 47.3% Ebitdawas 58.3€mup 61.8% YoY, with a margin of 34.6% Revenueswere 325.9€mup 35.2% YoYH1 2025Gross Profitwas 150.6€mup 49.5% YoY, with a margin of 46.2% Ebitdawas 106.4€mup 75.2% YoY, with a margin of 32.6%
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INNOVATION BEGINS WITH US H1 2025 results 6 RevenuesH1 2025YoY Variance325.9Comments•Benefitfrom:oOrganic growth: rising trend in AI and slightincrease in consumer, partially offset byshrinkage in auto and industrialoChange of perimeter (6 months of DISrevenue in H1’25 vs 1 month in H1’24)•Gross profit marginbenefitted from:oRecovered production efficiencyoOperating leverage effect•Ebitda margin,in addition to the above,benefitted also from US reorganizationpositive impact•Net financial position:variance mainlyattributable to solid cash flow from operatingactivities (+69€m), offset by capex (-28€m),the acquisition of a minority stake in Yee WeiInc. (-20€m) and Innostar Service Inc. (-7€m),together with the unrealized fx impact onforeign currency bank accounts (-29€m). +35.2%Net Financial Position656.330.06.2025641.9 €mEBITDA106.432.6%% margin+75.2%H1 2024Gross profit150.6% margin46.2%+49.5%241.160.725.2%100.841.8%31.12.2024
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INNOVATION BEGINS WITH US Q3 2025 Guidance 7 Revenues: 137€m(+/-3%) Ebitda Margin: 28.2% (+/-2%) Gross Margin: 41.2%(+/-2%)
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Q&A
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Appendix
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INNOVATION BEGINS WITH US EUR/USD - Accumulated Average by Quarter 101,0861,0811,0871,0821,0521,0931,1191,1361,0401,0501,0601,0701,0801,0901,1001,1101,1201,1301,1401,1503M 6M 9M 12M2025 Av. 2024 Av. **Average Q1 '24 Q2 '24 Q3 '24 Q4 '241,086 1,077 1,098 1,0683M1,0866M9M12M1,0821,0811,087Average Q1 '25 Q2 '25 Q3 '25* Q4 '25*1,052 1,1341,168 1,1863M1,0526M9M*12M** Estimate1,1361,0931,119
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INNOVATION BEGINS WITH US Consolidated Income Statement 11 €/thous ands30/06/2025 30/06/2024Revenue 325,860 241,050Cost of revenue (175,241) (140,298)Gross profit 150,619 100,752Operating expensesResearch and development (26,913) (29,805)Selling, general and administrative (49,585) (36,800)Net impairment losses/reversals on financial assets (38) (30)Total operating expenses (76,536) (66,635)Operating profit 74,083 34,117Other income, net (584) 672Financial income 9,037 6,428Financial expenses (609) (207)Foreign exchange gains (losses) (35,885) 2,228Profit before tax 46,042 43,238Income tax expense(11,634) (15,138)Net profit 34,408 28,100
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INNOVATION BEGINS WITH US Consolidated Balance Sheet 12 €/thous ands30/06/2025 31/12/2024EQUITY AND LIABILITIESEquityShare capital 6,533 6,533Reserves 1,193,210 1,167,18833,195 63,832Equity attributable to the owners of the Parent 1,232,938 1,237,553Equity attributable to non-controlling interests 4,736 (376)Total equity 1,237,674 1,237,177Non-current liabilitiesNon-current lease liabilities 12,720 13,843Deferred tax liabilities 12,361 13,643Employee benefits obligations 421 425Provision for risks and charges 21,055 21,610Other non-current liabilities 7 20Total non-current liabilities 46,564 49,541Current liabilitiesTrade payables 47,807 56,904Current financial liabilities 39 585Current lease liabilities 4,374 4,955Current tax payables 10,204 5,353Other current liabilities 47,260 53,793Total current liabilities 109,684 121,590792 -792-Total liabilities 157,040 171,131Total equity and liabilities 1,394,714 1,408,308Net profit attributable to the owners of the ParentLiabilities directly associated with non-current assets held for saleTotal liabilities directly associated with non-current assets held for sale €/thous ands30/06/2025 31/12/2024ASSETSNon-current assetsProperty, plant and equipment 281,816 295,147Intangible assets 61,089 65,541Goodwill 42,524 43,714Deferred tax assets 20,335 21,995Non-current financial assets 7,849 1,083Other non-current assets 161 1,418Total non-current assets 413,774 428,898Current assetsInventories 128,146 136,759Trade receivables 140,773 118,803Current financial assets 2,317 8,740Current tax receivables 15,443 17,632Other current assets 29,819 31,099Cash and cash equivalents 656,829 666,377Total current assets 973,327 979,410Non-current assets held for sale 7,613 -Total non-current assets held for sale 7,613-Total Assets 1,394,714 1,408,308
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INNOVATION BEGINS WITH US Consolidated Cash Flow Statement 13 €/thousands30/06/2025 30/06/2024Profit before tax 46,042 43,238Adjustments for:Amortization, depreciation and impairment 32,240 26,553Gains (losses) on disposals 1,685 (4)Net Finance (income) expenses (8,428) (6,221)Provisions to funds 7,301 -Other non-cash adjustments 31,179 2,607110,019 66,173Change in inventories 3,086 3,106Change in trade receivables (36,084) (29,638)Change in trade payables (3,427) 3,203Changes in other assets/ liabilities (2,569) 794(2,176) (2,045)Income taxes paid (3,162) (5,751)65,687 35,842(28,591) (43,091)Purchase of intangible assets (1,318) (47)Disposal of property, plant and equipment 2,011 1,776Net investments in financial assets (5,177) 562- (80,394)Finance income received 11,969 4,442(21,106) (116,752)Financial liabilities reimbursement (582) -Proceeds from borrowings 12 -Repayment of lease liabilities (3,258) (1,963)Finance expenses paid (610) (207)Capital increase - 384,745Acquisition of minorities (20,420) -Dividens paid - (1,202)(24,858) 381,37319,723 300,463 Cash flow generated by operating activities before changes in net working capitalNet cash flow generated by (used in) operating activitiesUses of provisions for risks and charges and employee benefits obligationsPurchase of property, plant and equipment (excluding right of use assets)Payment for acquisition of subsidiary, net of cash acquiredNet cash flow used in investing activitiesNet cash flow generated by (used in) financing activitiesTotal cash flow generated (used) during the period