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1 TEXT MAIN ACCENTS TO BE USED SPARINGL Y Titles 0 40 85 Body copy/tables 121 121 121 0 40 85 213 233 255 151 195 221 202 223 238 135 135 135 203 203 203 0 58 126 178 214 255 46 130 109 206 238 230 191 166 46 244 239 211 DESIGN NOTES No shadows, gradients, outlines, rounded corners to be used Title above this line Slide content below this line Notes and sources here No content below this line ibdroot\projects\IBD-LN\fluted2022\902355_1\03. Presentations\2023.01.19 - CMD\2023.03.17 - Project F1 - CMP_vDRAFT.pptx Leading the Luxury Yachting Worldwide
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Introduction to Ferretti Group 2
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UNIQUE ITALIAN SUCCESS STORY OF ICONIC BRANDS Introduction to Ferretti Group Creation Acquisition Acquisition Acquisition AcquisitionEstablishment Acquisition Weichai Group acquires the majority of Ferretti Group Acquisition Alberto Galassi appointed CEO Acquisition • Listing on • Acquisition a shipyard in Ravenna • Acquisition 1968 2012 2014 2022 2023 1996 1998 1999 2000 2003 2004 2008 2019 • Listing on 3 Stassi Anastassov appointed CEO 2026
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Introduction to Ferretti Group FERRETTI GROUP KEY FACTS 4 Source: Company information;; Phil Draper & Associates Database as of Q 3 2025 on FY 2025 estimates. 1 . Based on Composite (> 30 ft) and Made - to - Measure yachts, excluding Super Yachts; 2 . Revenue without Pre - Owned, net of commissions and other costs related to revenue; 3 . As of December 31 , 2025 ; 4 . Adjusted EBITDA equals to EBITDA adding back non - recurring costs . 5 . C alculated as Adj. EBITDA/ R evenue without Pre - Owned #1 GLOBAL PLAYER with 16.8% MARKET SHARE 1 16.5% ADJ. EBITDA MARGIN 4,5 As of 31 December 2025 €1.2bn FY25 REVENUE 2,3 +5.0% YoY €1.7bn ORDER BACKLOG As of 31 December 2025 184 YEARS OF ITALIAN HERITAGE 7 ICONIC BRANDS
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Introduction to Ferretti Group 5 CENTRALIZED FUNCTIONS AT GROUP LEVEL TO LEVERAGE INDUSTRIAL EFFICIENCIES DECENTRALIZED ACTIVITIES AT BRAND LEVEL TO NURTURE EACH BRAND ’ S DNA AND TARGET ALL CUSTOMER SEGMENTS MARKETING DESIGN SALES R&D PROCUREMENT MANUFACTURING INVESTOR RELATIONS HR LEGAL IT HIGH - VALUE ADDED FUNCTIONS CORPORATE FUNCTIONS FINANCE Source: Company information Business model designed to promote brand distinctiveness while capturing synergies LUXURY EXPERIENCE WITH SCALE BENEFITS
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2024A 2025A Introduction to Ferretti Group 6 FERRETTI GROUP BUSINESS MODEL BUSINESS MODEL 118 10 156 33 5 12 AMAS EMEA APAC 55 Dealers (active in 71 countries ) & 279 Brokers + direct Ferretti Group salesforce 1 LEADING ALL SEGMENTS, EXPANDING MARGINALITY 2 3 1 . Calculated as the number of repeating customers that purchased at least two different brands within the Ferretti Group over t he sum of total repeating customers in the relevant period 4 Increasing presence in the most profitable segments (above 80 ft, 24 m), effectively covering wider client needs Made-to-measure 3o -43 m Super Yachts Up to 95 m Centralized Functions ( R&D, Procurement, Manufacturing … ) & Decentralize activities to nurture brand ’ s DNA (Marketing, Design & Sales ) 47% Cross-selling across brands1New Clients - from competitors New Clients – first owners Repetitive Clients Ferretti Group client base breakdown by type: DIRECT SALES THROUGH GLOBAL DEALERS & BROKERS 7 ICONIC & DISTINCT BRANDS, LEVERAGING SYNERGIES CATERING TO DIVERSE, LOYAL AND GROWING CLIENTELE Composite 8 -30 m 44% 33% 23% 27% 24% 49%
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Iconic Portfolio of Complementary Luxury Brands 01 7
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IDENTITY Nothing else 20 years ahead Just like home Beyond the line Made by you with our own hands The dominant species The enhancement of freedom CATEGORY SIZE 8-70 m 27-230 ft 12-46 m 40-150 ft 15-30 m 50-100 ft 30-50 m 90-164 ft Up to 95 m Up to 312 ft 15-52 m 50-170 ft 12-24 m 40-79 ft ESTABLISHED 1842 1994 1968 1996 1963 1985 1969 ICONIC PORTFOLIO OF LUXURY BRANDS Composite Made - to - Measure Super Yachts 1 8 Source: Company information; 1. Represents Sailing Super Yachts for Wally Iconic Portfolio of Complementary Luxury Brands 01
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0.5 1.0 AQUARIVA SUPER ANNIVERSARIO Iconic Portfolio of Complementary Luxury Brands 01 SCARCITY VALUE DRIVING PREMIUM PRICING 9 18/18 AQUARIVA VS. LIMITED EDITION PRICE ( € mln ) 1 Source: Company information; 1. Based on the comparison between Riva Aquariva Super and Riva Anniversario , both 32 ft long; 2. Based on the comparison between Rivamare and Riva Cento, both 38 ft long > 2x 0.9 1.5 RIVAMARE RIVA CENTO RIVAMARE VS. LIMITED EDITION PRICE ( € mln ) 2 2022 RIVA ANNIVERSARIO 2025 RIVA CENTO To celebrate: 180 YEARS SINCE FOUNDATION 60 YEARS OF AQUARAMA To celebrate: 100th UNITS RIVAMARE 38’ > 1.7x 12/12
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2024A 2025A Repetitive clients New clients - from competitors New clients - first owners CATERING TO A DIVERSE, LOYAL AND GROWING CUSTOMER BASE FERRETTI GROUP CLIENT BASE BREAKDOWN BY TYPE: 46 % 57 % x% 47 % CROSS - SELLING ACROSS BRANDS 1 01 10 27% 49%44% 23% 33% 24% Revenues generated by repetitive clients cross FG over the sum of repetitive clients cross FG + Brand repetitive clients Source: Company information based on the number of customers who purchased a yacht in the relevant period excluding confidentia l customers for whom data cannot be disclosed. 1) Calculated as the number of repeating customers that purchased at least two different brands within the Ferretti Group over the sum of total repeating customers (both cross FG an d l oyal to a Brand) in the relevant period Iconic Portfolio of Complementary Luxury Brands 42% CROSS - SELLING ACROSS BRANDS 1
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Iconic Portfolio of Complementary Luxury Brands 01 UNIQUE MULTIPLE CROSS - SELLING BENEFITS 11 Custom Line 100’ Custom Line Navetta 42 Ferretti Yachts 920 Custom Line 106’ Pershing GTX 80 Pershing 7X SELECTED EXAMPLE OF A PASSIONATE YACHT COLLECTOR CUSTOMER JOURNEY 2011 2023 from Quiet - Luxury with CUSTOM LINE and FERRETTI YACHTS to Speed & Performance with PERSHING Composite Made - to - Measure Super Yachts Source: Company information
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Iconic Portfolio of Complementary Luxury Brands 01 LOYALTY TO A SINGLE BRAND: THE POWER OF CUSTOMERS’ FIDELIZATION 12 Source: Company information from the Iconic RIVAVARAMA to larger models like RIBELLE 66’, RIVALE 56’ and DOLCEVITA 110’ , till the Limited - Edition RIVA ANNIVERSARIO 2 ) CUSTOMER JOURNEY OF A PASSIONATE RIVA YACHT COLLECTOR … Rivarama Aquariva Super 66 ’ Ribelle Rivamare 56’ Rivale 110 ’ Dolcevita Riva Anniversario Composite Made - to - Measure Super Yachts 2004 2024
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Structurally Growing Luxury Yachting Market 02 13
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GLOBAL YACHT MARKET (VOP from 30 ft up to + 100 ft in fiber glass and carbon fiber) 1 Source: Phil Draper & Associates Database as of Q3 2025 on FY 2025 estimates and FY 2024 actual database. 1) Classification b ase d on Value of Production by Phil Draper Associates, as of Q3 2025 for Composite (>30 ft) & Made - to - Measure yachts; 2) Large Composite refers to 80 - 99 ft yachts; 3) Made - to - Measure refers to 100ft+ yachts (not including Super Yachts); Note: Market refer s to inboard Composite & Made - To - Measure Yachts, excluding Super Yachts; numbers might not sum - up due to rounding AZIMUT - BENETTI PRINCESS YACHTS SANLORENZO SUNSEEKER Market share delta vs. 2024x% 14 FERRETTI GROUP IS THE MARKET LEADER IN COMPOSITE AND MADE TO MEASURE 16.8% 13.5% 9.3% 5.3% 3.8% #1 in most profitable segments: • 27.1% market share in Large Composite 2 • 22.8% Market Share in Made - to - Measure 3 02 +2.3% -0.3% +0.9% -0.7% -1.8% Structurally Growing Luxury Yachting Market Not Including Super Yachts
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2025E GLOBAL INBOARD MARKET BY PLAYER, VOP1 % Focus On Composite (>30 ft) & Made-to-Measure Yachts Not Including Super Yachts 9.1% 18.1% 45 .3% 71 .8 % 62. 6 % COMPOSITE YACHTS MADE - TO - MEASURE 3 80 - 99ft 2 100 ft+ 2 30 - 59ft 60 - 79ft 15 STRENGTHENING LEADERSHIP IN THE MOST PROFITABLE SEGMENTS n.2 n.1 Ex aequo n.1 n.1 5.3% 5.8% 0.6% 4.6% 1.8% 12.9% 12.9% 5.9% 8.1% 5.5% 27.1% 13.5% 16.2% 9.4% 5.6% 22.8% 21.8% 15.0% 3.0% Azimut - Benetti Princess Yachts Sunseeker Yachts Sanlorenzo 02 HIGH - COMPOSITE YACHTS 2 Consolidated Market Consolidated Market Top 5 players Market Share data as of 202 5E Source: Phil Draper & Associates Database 2025 Q 3 ; 1 ) Classification based on Value of Production by Phil Draper Associates, as 2025 Q 3 for Composite (> 30 ft) & Made - to - Measure yachts; 2 ) High - Composite refers to 80 - 99 ft yachts; 3 ) Made - to - Measure refers to 100 ft+ yachts (not including Super Yachts); Note: Market refers to inboard Composite & Made - To - Measure Yachts, excluding Super Yach ts; numbers might not sum - up due to rounding Structurally Growing Luxury Yachting Market
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-5.9% 2025 vs 2024 FG OUTPERFORMED THE MARKET, STRENGTHENING ITS COMPETITIVE POSITION CAGR ’21A-’24A (2) Source and Notes: Phil Draper & Associates Database as of Q 3 2025 on FY 2025 estimates and FY 2024 actual database ; 1 ) Classification based on Value of Production by Phil Draper Associates, as of Q 3 2025 for Composite (> 30 ft) & Made - to - Measure yachts; Note: Market refers to inboard Composite & Made - To - Measure Yachts, excluding alloy Super Yachts; numbers might not sum - u p due to rounding. 2 ) CAGR 21 - 24 : Phil Draper & Associates Database ( 2025 Q 3 ) and internal elaboration 16 2024 5,121 1,903 2025 <30mt >30mt 3,873 1,002 2021 4,977 1,530 2022 5,210 1,701 2023 5,440 1,812 4,875 6,507 6,911 7,252 7,024 14.2 % - 3.1% MARKET SIZE BY LENGTH CATEGORY, IN TERMS OF VOP (in €mln) based on Phil Draper & Associates Database (1) In a market where total VOP declined by ca. 3% YoY (from €7.2bn in 2024 to €7.0bn in 2025), Ferretti Group outperformed, strengthening its competitive position and delivering revenue growth of 5% in FY’25 vs. FY’24 02 +5.0% 2025 vs 2024 Structurally Growing Luxury Yachting Market
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YACHTING INDUSTRY MACRODRIVERS INCREASING NUMBER OF GLOBAL UHNWIs 2024 vs 2023 1 484,520 Total UHNW population + 12.4 % 121,660 +7.9% NORTH AMERICA LATIN AMERICA 14,440 +3.2% EUROPE 195,970 +20.5% 21,070 +8.7% MIDDLE EAST PACIFIC 7,330 9.7% 121,390 +7.5% ASIA AFRICA 2,660 -1.1% 17 PLEASURE MARINA WORDLWIDE INFRASTRUCTURE DEVELOPMENTS 10,674 11,345 11,948 12,622 13,324 14,035 2024 2025F 2026 F 2027F 2028 F 2029F Yachting Marinas Global Market Growth, Forecast 2024 – 29, (USD, mln)4 (USD Millions) NORTH AMERICA +3.6% LATIN AMERICA + 7.7 % EUROPE +4.7% MIDDLE EAST + 7.9 % ASIA PACIFIC +7.8% AFRICA +9.4% 187 277 265 426 484 1.6% 1.9% 1.4% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 - 200 400 600 0.0% 2.0% 4.0% 2013 2015 2017 2019 2021 2023 (Thousands) Number of UHNWI Penetration rate 1.2% Penetration Rate of Yachting into UHNWI population 2 Yachting Marinas Market Growth, Forecast by region 2024-29, (CAGR %, $mln)3 Present in > 70 countries Source: 1 .Altrata, “ World Ultra Wealth Report 2025 ” . 2 . Wealth - X Databook 2013 - 2025 ; Superyacht times “ The state of Yachting 2025 ” ; 3 & 4 . The Business Research Company, Pleasure Marinas Global Market Report 2025 , based on National Statistics Offices. . Structurally Growing Luxury Yachting Market 02 1.3% 417
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• The market is expected to grow from $10.7bn million in 2024 to $14.0 bn in 2029 at a rate (CAGR) of 5.6% MARINAS ’ GROWTH POWERING YACHTING DEMAND 18 NEW MARINAS EXPANSION ACROSS ALL REGIONS • The global pleasure marinas market reached a value of nearly $10.7bn in 2024 , having grown at a compound annual growth rate (CAGR) of 3.3% since 2019 HIGHLIGHTS MEA – Gulf Countries Dubai Harbour, United Arab Emirates Premier maritime in the MEA region for luxury yachts Yas Marina, Abu Dhabi Linked to Yas Island attractions (F1 circuit, Ferrari World) APAC Hainan Island - Visun Royal Yacht Club Luxury marina featuring a yacht club, high-end hotel, and leisure services ONE°15 Marina Sentosa Cove – Singapore More than 270 berths including for superyachts up to 200 feet (60m+) AMAS EUROPE Miami Beach Marina, Florida, USA Renovations and berth expansions since 2020 Marina Puerto Los Cabos, Baja California, Mexico Expanded berths and luxury amenities since 2018 Porto Montenegro, Tivat, Montenegro One of the fastest-growing SY hubs in the Adriatic Porto Cervo Marina, Sardinia, Italy Renovations and berth upgrades ongoing since 2019 • MEA region lead in forecasted growth , driven by strong investment in yachting infrastructure and luxury tourism (supported by governments’ projects such as the Saudi Arabia’s marina expansion in the Red Sea under Vision 2030 plan) Pleasure marinas • Composite berths (<30m) dominate in volume but Made - to - measure (30 - 43m) is growing faster across regions ✓ ✓ ✓ ✓ Source: The Business Research Company, Pleasure Marinas Global Market Report 2025 , based on National Statistics Offices 02 Structurally Growing Luxury Yachting Market
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Geographical deep dive, Go - to - market and Customer Experience 03 19
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Geographical deep dive, Go - to - market and Customer Experience03 SALES TO CUSTOMERS THROUGH A GLOBAL NETWORK OF DEALERS AND BROKERS DEALERS BROKERS <100 ft Exclusive dealers 55 Dealers (active in 71 countries) > 100 ft Brokers & direct sales 279 Brokers and direct Ferretti Group salesforce AMAS APAC EMEA 10 33 12 118 156 5 Source: Company information 20
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PRE-OWNED BUSINESS: A VALUE-ADDED TOOL TO DRIVE UPSELLING 21 V alue - added marketing tool to drive upselling opportunities Strengthen customer loyalty and long - term retention ✓ ✓ ✓ Accept trade - ins exclusively as part of a new - yacht deal , with a maximum annual cap of €50/60 mln , ensuring that pre - owned stock levels never exceed 5% of total revenues HIGHLIGHTS 118 10 156 33 5 12 AMAS EMEA APAC ca. 90% of trade-ins managed by dealers & brokers or clients directly… 55 Dealers & 279 Brokers … and only ca. 10% of trade-ins managed directly by Ferretti Group Geographical deep dive, Go - to - market and Customer Experience03
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03 BEYOND BUYING A YACHT : A LIFETIME CUSTOMER JOURNEY 22 Geographical deep dive, Go - to - market and Customer Experience Customer Journey: LIFESTYLE BRAND EXTENSION ADD ON SERVICESAFTER SALES • Exclusive Events • Sponsor & partnership • Chartering • Brokerage • Refit • Maintenance • Collectibles • RAM Where yachting becomes Experience…
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Innovation and State-of-the-art Production Capabilities 04 23
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42 Innovation and State - of - the - art Production Capabilities R&D : IMPRESSIVE TRACK - RECORD OF IMPROVEMENTS Strategically leveraging core engineering capabilities MODELS SHARING THE SAME ENGINEERING PLATFORMS 2 MODELS AVAILABLE 2 Source: Company Information. 1. As of February 2026; 2. The analysis considers Composite, Made - to - Measure, hull n.1 of Flagship Superyachts and Wally Sail models, current announced projects (8), excluding CRN; 3. Of which: 40 new launched model and 15 restyled ones 2021 TODAY1 ~€215mln INVESTED IN R&D BETWEEN 2020 AND 2025 14 ( ~ 3 0 % OF TOTAL PORTFOLIO) 32 (~50% OF TOTAL PORTFOLIO) 24 + 55 MODELS ADDED 3 Increasing and renewing product portfolio 71 04
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Innovation and State - of - the - art Production Capabilities 25 Source: Company information; 1.. The analysis considers Composite, Made - to - Measure, hull n.1 of Flagship Superyachts and Wally Sail models, current announced pro jects (8), excluding CRN SHARED KNOW - HOW AND R&D ACROSS THE PORTFOLIO 32 models c.50% Sharing the same engineering platforms across brands 4 Models 12 Models 6 Models 10 Models of the total portfolio 04 1
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Innovation and State - of - the - art Production Capabilities 26 Source: Company information 04 PRODUCTION SITES LA SPEZIA RAVENNA FORLÌ CATTOLICA ANCONA NARNI MONDOLFO PIAN DI ROSE SARNICO SCORZÉ SHIPYARDS OTHER FACILITIES
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Sustainability and “E-Luxury" 05 27
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• Launch “ Scuola dei Mestieri ” project ESG JOURNEY: INNOVATION, COMMITMENT AND LASTING IMPACT Sustainability and “E - Luxury "05 29 • Noise & vibration reduction technology • Light Composite Design & construction carbon fiber + epoxy • Launch of generation 0 hybrid propulsion system • First Uniti sold of FSD hybrid model (N800) • T-Top Carbon fiber frame (lighter yet robust solution for fast vessel • SCR (selective catalytic reduction – nox reduction device in engine room) 2008 2020 2021 2022 2015 2017 2019 • EL ISEO full electric runabout 2023 • Enhancing energy efficiency by implementing advanced LED lighting solutions across shipyards • Expanding the installation of photovoltaic systems across all existing facilities • Launch Navetta 38 mtu Hybrid propulsionpack • INFYNITO 80 with FSEA1 technology • Launch Wallytender with photovoltaic panels 2024 • CRN: RINA recognition for developing zero - emission - capable Super Yachts architectures • Development Marine Engineering Master ’s program with Bologna University • Definition ESG Non - Quantitative targets 2025 - 26 • Scope 2 energy Ferretti SpA coming exclusively from renewable sources Note: 1 . The Ferretti Group ’ s F.S.E.A. technology (Ferretti Sustainable Enhanced Architecture) is package of environmentally friendly cruising solutions. Th ey include an integrated system that stores the solar energy collected by the photovoltaic panels installed on the hard top in an Energy Bank 2025 • Adoption of photovoltaic systems throughout all shipyards
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…ENHANCING DIFFERENT GREEN ENERGY SOLUTIONS Sustainability and “E - Luxury "05 SHAPING THE FUTURE OF YACHTING THROUGH INNOVATION … 30 El - Iseo : Full Electric powerboat Navetta 38 mtu Hybrid propulsionpack * Note:* Available upon customer request ELECTRIC / HYBRID WIND Wallyrocket51 Wallywind 110 HYDROGEN/GREEN METHANOL Sustainable Powered Yacht Project (SUP - Y) by RINA Wallytender with photovoltaic panels * SOLAR INFYNITO 80 & 90 with photovoltaic panels * INFYNITO 80 & 90 mtu Hybrid propulsionpack * Wallyrocket71 E
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31 PRODUCTION SITES: SCOPE 1 & 2 LA SPEZIA RAVENNA FORLÌ CATTOLICA ANCONA MONDOLFO SARNICO SHIPYARDS Esg target by 2026: Certification - ISO 14001 All the energy purchased by Ferretti SpA (Scope 2) comes from renewable sources, ensuring a low-impact and sustainable energy supply in every shipyard Photovoltaic system Certification - ISO 14001 Photovoltaic system Certification - ISO 14001 Photovoltaic system Certification - ISO 14001 Photovoltaic system Certification - ISO 14001 Photovoltaic system Certification - ISO 14001 Photovoltaic system Certification - ISO 14001 Photovoltaic system Indirect greenhouse gas emissions Scope 2 Sustainability and “E - Luxury "05 E
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32 0.26% 0.39% 7.93% 2.42% 0,62% 0.1% 0.4% 0.01% 0.04% 0.1% 87.7% Scope 1 Scope 2 - MB 1.A Purchase of goods 1.B Purchase of services 3.2 Capital goods 3.3 Activities related to fuels and energy 3.4 Upstream transportation and distribution 3.5 Waste generated in operations 3.6 Business travel 3.7 Employee commuting 3.11 Use of sold products Indirect emissions along the value chain Direct Emissions GHG Emission Breakdown 0.6% Scope 1&2 99.4% Scope 32.918.140,5 t CO2eq Sustainability and “ E - Luxury "05 Use of sold products Data obtained from internal investigations within the Group, interviewing captains, dock staff, and after-sales personnel to calculate the average annual diesel consumption per number of boats delivered in 2024, based on usage type (navigation, port, anchoring).The total liters consumed were then multiplied by the useful life of the boats. Purchase of Goods The main categories are represented by raw materials, auxiliary products, components, and accessories essential for boat construction. Where possible, data was collected in terms of weight (kg purchased/year), providing a more accurate emission factor When weight data was not available, the spend-based approach (€ purchased/year) was used instead. THE VALUE CHAIN: SCOPE 3 E
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SUSTAINABILITY ESG RATINGS – AWARDED COMMITMENT Sustainability and “E - Luxury "05 32 AGENCY SCORE SCALE BENCHMARK BBB 2 Seven - band scale from AAA (industry leader) to CCC (industry laggard) Industry Benchmark (Leisure Products) . 1 . MSCI ESG Ratings aim to measure a company ’ s management of financially relevant ESG risks and opportunities identifying industry leaders and laggards according to their exposure to ESG risks and how well they manage them relative to peers. MSCI ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC)
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RIVA FULL ELECTRIC POWERBOAT 34 Premiered in Monaco 1 in Sep - 2022 Fully Electric Parker GVM310 2 150 kWh Battery Riva El - Iseo E Sustainability and “ E - Luxury "05 The Riva El - Iseo is the brand’s first full - electric powerboat that launches the new E - Luxury segment . An elegant 27 - foot runabout, Riva El - Iseo inherits the sleek lines of the Iseo and combines them with a modern, full - electric core . The official version of this model is ready for sale since January 2024 . It has a Parker GVM 310 full - electric engine from Parker Hannifin, delivering a cruising speed of 25 knots and a self - limited top speed of 40 knots . El - Iseo has three cruising modes : Adagio, Andante and Allegro . • Adagio is the ECO mode, designed to optimise cruising performance . • Andante mode features cruising speed and acceleration comparable to a typical yacht of similar length with an internal combustion engine . • Allegro is the sport mode, in which the engine is unlimited and El - Iseo can reach a top speed of 40 knots .
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Ferretti Yachts extends the brand’s INFYNITO range with INFYNITO 80 . Making her debut at Boot Düsseldorf, INFYNITO 80 joins the brand’s hugely successful INFYNITO 90 ( 6 units sold) featuring the iconic All - Season Terrace . INFYNITO 80 features the Ferretti Group’s F . S . E . A . technology (Ferretti Sustainable Enhanced Architecture) , a package of environmentally friendly cruising solutions . They include an integrated system that stores the solar energy collected by the photovoltaic panels installed on the hard top in an Energy Bank . As for green materials , they focus on natural and bamboo fabrics, regenerated leather and recyclable materials, ecological water - based paints and lamellar teak with FSC 5 certification that are used throughout the exteriors . NEW RANGE EXPANSION ANNOUNCEMENT: INFYNITO 80 THE SUSTAINABLE INFYNITO RANGE 35 E Sustainability and “ E - Luxury "05
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Sustainability and “E - Luxury "05 NEW INTERNATIONAL CERTIFICATION FOR CRN 36 CRN , the Group ’ s historic brand specializing in the design, engineering and construction of superyachts up to 90 metres , obtained a special recognition for the Sustainable Powered Yacht Project (SUP - Y) by RINA . The certification followed the effort for development of two sustainable technical architectures with the most efficient implementation of Fuel Cell technology on board a Ferretti Group Super Yacht . Both the architectures are equipped with Fuel Cells as an alternative power source, fed by hydrogen reformed from green methanol and optimized to ensure several days in full hotel mode without diesel generators running and the capability to sail in zero emission mode for several hours . RINA confirmed that the project is sized appropriately for proper functioning and easy management and meets the regulatory requirements for safe implementation . E
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Sustainability and “ E - Luxury "05 SCUOLA DEI MESTIERI 37 Scuola dei Mestieri is a Ferretti Group project for 18 to 29 - year - olds who want to start a career in the high - end Italian yacht industry . The program ranges from sessions in the classroom and workshop to on - the - job training in production departments . After the successful first edition in Forlì and subsequent launch at the Mondolfo and Sarnico sites, the Group kicked off the second edition in November in Forlì . The goal of the second edition was mainly to focus on the newly acquired Ravenna yard , aiming to grow the workforce in view of the upcoming full functionality . S
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Sustainability and “ E - Luxury "05 FIRST MASTER ’ S DEGREE COURSE IN MARINE ENGINEERING PROMOTED BY FERRETTI GROUP AND BOLOGNA UNIVERSITY 38 With a Memorandum of Understanding signed by Ferretti Group, Emilia Romagna Regional Administration, Bologna University, Cassa dei Risparmi Foundation and Forlì Municipality the new Master’s Degree Course in Marine Engineering , based in Forlì , gets under way in academic year 2024 - 25 . The aim of the course is to enrich university offering with new degree programmes that meet the need set out by industry in general and the yacht building sector in particular on the Adriatic coast where the Group has five production sites . . S
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Financial Performance 06 38
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Financial Performance06 ORDER INTAKE BY SEGMENT €mln and breakdown as % of total NOTE: Segment sums might not add up to total due to rounding. Composite Yachts Made-to-measure Yachts Super Yachts 65 238 169 161 171 4 H1’25 01 H1’26 467 341 Other 50% 50% 34% 51% 14% n.m. +6.1% -28.8% n.m. ✓ ✓ 1% 39 Composite segment grew by 6% in H1’26 vs. H1’25 with ̴ 50% of the orders coming from yachts over 80ft The level of negotiations remains in line with the same period last year, with the incoming Private Preview in Monaco and the European boat shows providing further support to order conversion H1’26 performance was influenced by a more selective order conversion environment, with postponement of orders for larger yachts in core markets, especially in MEA, as customers remained cautious against a backdrop of continued global uncertainty ✓ ✓ Composite performance was supported by the starting of the summer season and the attractiveness of the new models launched
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Financial Performance06 NOTE: Segment sums might not add up to total due to rounding. The geographical breakdown refers to the dealer's area of exclusivity or by the customer's nationality. -28.9% -48.6% -25.4% AMAS Europe MEA +211.7% APAC 143 73 40 131 93 181 13 H1’25 135 H1’26 467 341 27% 40% 3% 39% 28% €mln and breakdown as % of total % of change YoY 31% 12% 21% 40 ORDER INTAKE BY GEOGRAPHY ✓ ✓ The challenging comparison with H1’25 in Europe reflects the order intake of two Super Yachts in the region in H1’25 (total value of ̴ €65mln), while no Super Yacht was recorded in H1’26 MEA region was still impacted by geopolitical uncertainties, with negotiations progressing with delays in final contracts’ signing ✓ AMAS showed a positive recovery during the Q2’26 (+49.5% YoY) significantly improved the H1’26 trend, reducing the decline to -48.6% from -87.0% in Q1’26 ✓ APAC continued its growth trend (+€27mln in H1’26 vs. H1’25)
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✓ Financial Performance06 Source: Company Information. Order Backlog represents the total amount of existing orders, net of commissions, for new vessels not yet delivered to customers. Net Backlog is calculated as the total orders in portfolio not yet delivered net of revenues already booked. 1.Calculated as Order Intake Composite 12months rolling / Net Revenue Composite 12months rolling. 2.Calculated as Order Intake made to measure 12months rolling/ Net Revenue made-to-measure 12months rolling. 1,446 1,718 1,455 30 June 2025 31 March 2026 30 June 2026 +0.6% -15.3% 565 300 In 2026 Beyond 2026 ✓ ✓ 265 ORDER BACKLOG (€mln) NET BACKLOG (€mln) REVENUE VISIBILITY 722 31 March 2026 30 June 2026 -21.8% 41 Order Backlog remained resilient year-on-year, despite the significant number of deliveries executed during Q2’26 Net Backlog still provides a clear visibility for 2026 of ̴ €300mln, up vs. ̴ €265 mln in the same period last year As of 30 June’26, ̴ €900mln revenue already secured for FY’26 (considering H1’26 Net Revenue + Net Backlog to be used in 2026) H1’26 Composite Book-to-Bill ratio1 (12months rolling) at 1.0x thanks to the resilient performance in H1’26, while Made-to-Measure Book-to-Bill ratio (12months rolling) at 1.1x2 ✓
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Financial Performance06 Source: Net Backlog is calculated as the total orders in portfolio not yet delivered net of revenues already booked. ✓NET BACKLOG BREAKDOWN 42 Net backlog coverage for FY’26, as of 30 June 2026, is higher than at the same period last year (€300mln vs €265), supported by the increased contribution from the Composite (+7.3%) and Made-to-Measure (+2.1%) segments, providing greater revenue visibility for the H2’26 €mln and breakdown as % of total Composite Yachts Made-to-measure Yachts Super Yachts 461 266 233 238 56 60 10 As of 30 June 2025 1 As of 30 June 2026 761 565 Other 11% 42% 7% 31% 61% -42.4% +7.3% +2.1% n.m. 1% 47% ✓ As of 30 June 2025, 61% of the Net Backlog corresponded to SY and therefore mostly due referred to the following year As of 30 June 2026 the current pipeline of SY negotiations is still expected to convert into new orders, further strengthening backlog visibility and supporting revenue coverage into 2027 and 2028 ✓ % of change YoY
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REVENUE BY SEGMENT €mln and breakdown as % of total -12.2% -9.7% +0.9% Composite Yachts Made-to-measure Yachts Super Yachts -6.0% Other 104 92 253 256 234 212 29 H1’25 27 H1’26 620 586 % of change YoY 36% 16% 5% 38% 41% 17% 5% NOTE: Segment sums might not add up to total due to rounding. Financial Performance06 43 44% ✓ Despite the decline of the order intake of ̴ 26.9%, revenue temporary slowdown just by 5.6% supported by the solid backlog mix
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Financial Performance 06 ADJ EBITDA & NET PROFIT 169 190 203 15.2% 2023 16.2% 2024 16.5% 2025 84 88 90 7.5% 2023 7.5% 2024 2025 ADJUSTED EBITDA (€mln & %1) NET PROFIT (€mln & %2) 1.Calculated as Adj. EBITDA/Revenue without Pre-Owned; Note: Adjusted EBITDA equals to EBITDA adding back non-recurring costs; 2. Calculated as Net Profit/Revenue without Pre-Owned. ✓ 99 93 16.0% H1’25 15.8% H1’26 -6.7% 44 38 7.0% 6.5% H1’25 H1’26 -13.1% 7.3% 44 EBITDA margin was temporarily affected by a reduced absorption of fixed costs
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Financial Performance 06 CAPEX Source: Company Information. Note that Capex includes R&D expenses; 1. Calculated as Maintenance Capex / Revenue without Pre-Owned. Based on illustrative management definition of Maintenance Capex. 2. Calculated as (Adj. EBITDA – Maintenance Capex) / Adj. EBITDA. CASH CONVERSION2 (%) 86.5% MAINTENANCE CAPEX RATIO1 (%) 2.1% 23 32 31 16 124 109 58 15 2023 2024 2025 H1’26 147 141 89 31 83.4% 2.7% Expansion Maintenance 2.5% 84.8% 83.0% 2.7% 45 H1’26 capex amounted to €31mln, mainly related to the development of new products ✓
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Financial Performance06 NET FINANCIAL POSITION & NWC NET FINANCIAL POSITION1 (€mln) NWC RATIO (%)2 Source: Company Information. 1. NET CASH/ (NET DEBT). 2. NWC / 12Months rolling Revenues without Pre-Owned . 55 102 65 111 18 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 95 Q2’26 12.5% 15.9% 13.1% 23.2% ✓ 46 14.9% Net Financial position increased by ̴ €77mln thanks to cash releasing in NWC linked to seasonal deliveries and reduced stock of composite ready for sale for the summer season On June 17th, Ferretti Group paid a dividend of €0.11 per share, equal to an overall value of €37.2mln, equivalent to ̴ 40% payout ratio ✓ 17.5%
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Financial Performance06 2026 ANNUAL GUIDANCE Source: Company Information. 1. Revenue without Pre-Owned. Pre-owned business is expected to reach approx. €50–60mln in FY26 2. Adjusted EBITDA equals to EBITDA adding back non-recurring costs; 3. Adj. EBITDA Margin as Adj. EBITDA / Revenue without Pre-Owned. €mln 2025A Old 2026E New 2026E Net Revenue 1 1,231.7 1,250 – 1,265 1,200 – 1,240 Adj. Ebitda 2 202.8 203 – 210 186 – 197 Adj. Ebitda margin 3 16.5% 16.2% – 16.6% 15.5% – 15.9% CAPEX 89.2 70 - 75 60 - 65 47
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Clear Strategic Vision 07 48
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Below 80ft (Composite) Above 80ft (high composite & MtM) Net Revenue without pre - owned (€ mln ) 2025 Milestones CONSISTENT GROWTH SINCE 2014 Listing on EURONEXT Alberto Galassi CEO & new MGMT Launch Pershing GTX & Ferretti INFYNITO series % EBITDA Adj. Margin 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Product offer turnaround Expansion in the Mtm segment Listing on HKEX Launch Riva Caravelle series Vertical Integration Launch Wallywhy series Acquisition Wally Acquisition Ravenna plant Products New direct sales model STRATEGY MARKET SHARES 2 Riva Brand Experience ramp - up Launch of Riva Classiche (RAM) dedicated to the restoration of historical Riva Launch Wallytender series Launch Wallypower series Launch Wallyrocket Launch Riva 50 M Branded SY 281 360 475 507 578 607 572 851 996 1,111 1,173 11.1% 11.6% 9.2% 10.2% 10.3% 12.0% 14.1% 15.2% 16.2% 1.8% Launch Riva 54M Branded SY Note; 1. Revenue without pre - owned business 2 . Share source: Phil Draper & Associates Database Expansion Branded SY segment Ravenna plant fully operational (+30% capacity) 13% 22% 25% 5 % 5% 9% 16.5% 1,232 -8.0% Clear Strategic Vision07 Revenue 1 CAGR FY ’ 14 – FY ’ 25 : 14.4 % ✓ 49
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NEXT STEPS 2026 CONTINUE TO EXPAND PRODUCT PORTFOLIO 50 Clear Strategic Vision07 …since 2014 Continue to develop new product ranges to expand into unexplored fields Focus on more profitable >80ft Composite and Made-to-Measure segments GTX80 Model launched GTX116 Model launched Wallywhy100 Model launched Wallywhy150 Model launched Wallywhy200 Model launched Cruising: GTX Range Luxury: Wallywhy Range INFYNITO 90 Model launched INFYNITO 80 Model launched Comfort: INFYNITO Range GTX70 Model launched 42M CARAVELLE Project launched Leisure: Caravelle Range STRENGTHENING MARKET POSITIONING OF THE GROUP GTX90 Project launched
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NEXT STEPS 2026 EXPAND MADE-TO-MEASURE INTO ALLOY SEGMENT 51 Clear Strategic Vision07 ✓ Leveraging Brand Prestige with Unique One-Off projects ✓ New Alloy Models developed fill the gap between fiber glass Made-to Measure and bespoke alloy Super Yachts • Enrich the alloy Made-to-Measure offer with new models across additional Brands • Upsell to existing Made-to-Measure customer base (ca. 166 owners1) new alloy models Riva 50 METRI Riva 54METRI CUSTOM LINE 50 P ershing 140 5 units sold (>€ 28 M 2 ) 4 units sold (>€ 35 M 2 ) 3 units sold (> €35M 2 ) 3 units sold (> €30M 2 ) Riva 70 METRI One – Off Project OFFERING NEW MODELS AND ONE - OFF BRANDED SUPER YACHTS Source: Company Information. 1 . Estimated based on number of Made - to - Measure yachts delivered between 2020 and 2025 ; 2 . List price …since 2014
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NEXT STEPS 52 Clear Strategic Vision07 ✓ Internalize strategic activities (e.g., sailing yachts production) ✓ Secure the supply of critical production inputs ✓ Improve Group's margin internalizing high value-added supplies 2026 • Consolidation of existing key suppliers already part of the Group. • Continue exploring for vertical integration opportunities VERTICALLY INTEGRATE STRATEGIC & HIGH VALUE-ADDING ACTIVITIES Acquired in 2003 Acquired in 2022 Acquired in 2022 Ravenna S hipyard Acquired in 2023 …since 2014
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2026 NEXT STEPS RAMP UP ANCILLARY SERVICES AND DIVERSIFIED BUSINESS OFFERING 53 Clear Strategic Vision07 ✓ Enhance coverage of the customer journey ✓ Pursue capital light and margin accretive businesses ✓ Leverage Ferretti Group's brands full potential Furthering promote & expand brand extension activities & licensing Riva Residenze – Fort Lauderdale (USA) RAM - Riva classic boat Restoration Riva Brand collection Riva Lounge Refitting & maintenance services Explore opportunities for acquiring a brokerage house and a refitting player …since 2014 Strategic partnership (e.g. Flexjet)
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Appendix 54
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NOTHING ELSE €0.4mln - €19.6mln COMPOSITE & MADE - TO - MEASURE YACHTS > €35mln SUPER YACHTS 15 COMPOSITE o/w 1 ELECTRIC 184 YEARS OF HERITAGE 56’ Rivale Super El - Iseo Aquariva Special Rivamare Dolceriva Iseo Super 6 8’ Diable 76 ’ Bahamas Super 66’ Ribelle 76’ Perseo Super 88 ’ Folgore 82 ’ Diva 90 ’ Argo COMPOSITE 58 Capri Riva Cento
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NOTHING ELSE €10.5mln - €24.7mln MADE - TO - MEASURE YACHTS > €35mln SUPER YACHTS 4 MADE - TO - MEASURE 2 FLAGSHIP SUPER YACHT 184 YEARS OF HERITAGE 10 2 ’ Corsaro Super 112’ Dolcevita Super 130’ Bellissima 54 Metri MADE - TO - MEASURE SUPER YACHT One - off project - 70 Metri Caravelle 42 Metri
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20 YEARS AHEAD €0.7mln - €8.9mln COMPOSITE YACHTS > €16mln SAILING SUPER YACHTS 11 COMPOSITE 3 SAILING SUPER YACHT 2 SAILING RACING 32 YEARS OF HERITAGE wallytender43 wallytender43X wallywhy 150 wallywind 130 wallywind 150 wallytender48 wallypower58 wallywhy 200 wallytender48X wallywind110 wallypower 58 X wallywhy 100 wallypower 50 wallypower50X COMPOSITE SAILING SUPER YACHT RACING w allyrocket71 w allyrocket 5 1
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JUST LIKE HOME €1.0mln - €9.9mln 8 COMPOSITE 3 MADE - TO - MEASURE 58 YEARS OF HERITAGE 720 New 580 670 500 80 0 860 940 1000 1000 Skydeck INFYNITO90 COMPOSITE MADE - TO - MEASURE INFYNITO 80
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BEYOND THE LINE €10.3mln - €22.6mln MADE - TO - MEASURE YACHTS >€35mln SUPER YACHTS 8 MADE - TO - MEASURE 1 FLAGSHIP SUPER YACHT 30 YEARS OF HERITAGE Saetta 106’ Saetta 120’ Navetta 38 Navetta 42 MADE - TO - MEASURE SUPER YACHT Saetta 140’ Custom Line 50 Navetta 30 Navetta 35 Navetta 33 Saetta 128 ’
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MADE BY YOU WITH OUR OWN HANDS Up to €140mln UNIQUE BESPOKE SUPER YACHT 63 YEARS OF HERITAGE 72m M/Y139 60m M/Y 141 COMFORTABLY NUMB 52 m M/Y CIAO 62 m M/Y RIO 62 m M/Y Voice LAUNCHES FROM 2020 TO 2025 67 m M/Y Amor à Vida
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€1.3mln - €13.7mln COMPOSITE & MADE - TO - MEASURE YACHTS >€27mln SUPER YACHTS 8 COMPOSITE 1 MADE - TO - MEASURE 1 FLAGSHIP SUPER YACHT 41 YEARS OF HERITAGE THE DOMINANT SPECIES 5 X 6 X 7X 8X 9 X 140 GTX116 GTX 80 COMPOSITE MADE - TO - MEASURE SUPER YACHT GTX70 GTX 90
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THE ENHANCEMENT OF FREEDOM €0.7mln - €4.2mln 4 COMPOSITE 57 YEARS OF HERITAGE 62 RS COMPOSITE 75 54 70
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YACHT PRODUCTION VARIABLE COST BREAKDOWN BY SEGMENT 63 Source: Company Information . Note: internal workforce and utilities excluded from computations. wallytender 43 CRN M/Y RIO Pershing 140 Hull and superstructure 25% Furniture 18% Power unit 19% External contractors 19% Other material 10% Mechanical material 10% Hull and superstructure 14% Furniture 21% Power unit 10% External contractors 29% Other material 18% Mechanical material 8% Hull and superstructure 20% Furniture 21% Power unit 13% External contractors 26% Other material 11% Mechanical material 9% COMPOSITE MADE-TO- MEASURE SUPER YACHT Appendix
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TYPICAL ORDER PROCESS ENSURES PRODUCTION BACKED BY SIGNIFICANT PAYMENTS CONTRACT SIGNING DELIVERY Milestone Payments In accordance to work in progress Final Payment Customers required to pay all amounts due prior to delivery Downpayment At least 10 % of total price (not refundable) PRODUCTION LEAD TIME • Composite: 2-8 months • Made-to-Measure: 7-15 months • Super Yachts: 28-48 months Minimal risks in case of order cancellations with further upside from the resale of the yachts Payments structured to self-finance the production of the yachts Source: Company information. 64 Appendix
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Source: Company Information. 1. Margin calculated as Adj. EBITDA / Revenue without Pre - Owned; Adjusted EBITDA equals to EBITDA a dding back non - recurring costs. 14.1% 1.6% 0.7% 0.1% 16.5% 2022 2025 2022 - 2025 ADJUSTED EBITDA MARGIN 1 BRIDGE (%) STRATEGIC POSITIONING INDUSTRIAL CLEAR DRIVERS TOWARDS PROFITABILITY LEADERSHIP Stronger pricing power coming from improved supplier negotiations and favorable price dynamics, with model price increases outpacing raw material inflation Increasing presence in the most profitable segments such as Made-to-measure (>30m) and High composite (>24m) with higher demand for optionals & customization Economy of scale in purchasing and a more efficient fixed costs absorption +240 bps Appendix 65 COMMERCIAL
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FERRETTI GROUP DIVIDEND POLICY ANNUAL PAYOUT RATIO SINCE 2022 1 (%): Source: Company Information. 1 . Payout ratio : Distributed Dividends /Group Net Profit 2022 2023 €0.10 2024 ̴ 40% ✓ Annual dividend policy: at least 30% of annual profit attributable to shareholders, paid once per year Appendix ✓ DIVIDEND PER SHARE €0.059 €0.097 €0.11 Since its 2022 listing, the Group has increased DPS by over 85% (2025 vs. 2022), corresponding to approx. 23% CAGR, while maintaining a payout ratio of ~40%, above its stated dividend policy 66 €0.10 2025