Slides
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H1 2026 BUSINESS UPDATE unaudited data
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TODAY’S AGENDA Final Remarks4 Q&A 3 2 Key Highlights1 Business Dynamics Financial Results 2
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TODAY’S PRESENTERS CHIEF FINANCIAL OFFICER MARGHERITA SACERDOTI HEAD OF INVESTOR RELATIONS & SUSTAINABILITY MARCO ZAMMARCHI CHIEF EXECUTIVE OFFICER TBD STASSI ANASTASSOV 3
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Key Highlights 01
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SOUND CASH GENERATION, REFLECTING SOLID OPERATING FUNDAMENTALS Key Highlights01 REVENUE2 (€mln) 1. Order Intake represents the total amount of new orders signed, net of commissions, for new vessels 2. Revenue without Pre-Owned; 3. Calculated as Adj. EBITDA/Revenue without Pre-Owned. ADJ EBITDA margin3 (%) 467 341 H1’25 H1’26 -26.9% ORDER INTAKE1 (€mln) 5 620 586 H1’25 H1’26 -5.6% 16.0% H1’25 15.8% H1’26 -20bps NET FINANCIAL POSITION (€mln) 18 As of 31 March 2026 95 As of 30 June 2026 +77mln
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Business Dynamics 02
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Hong Kong Int. Boat Show December Monaco Yacht Show September Cannes Int. Boat Show September Monaco Private Preview September Ft Lauderdale Int. Boat Show October Genova Salone Nautico October Sydney Int. Boat Show end July – August Palm Beach Int. Boat Show March Miami Int. Boat Show February Venice Boat Show May Dubai Int. Boat Show postponed in November Business Dynamics02 Already took place in 2026 Düsseldorf Boat Show January START OF THE EUROPEAN BOAT SHOWS SEASON 7 UP COMING BOAT SHOWS Private Preview in Monaco & Cannes Boat Show: Monaco Boat Show: • Riva 54 M • Riva 56 ’ Rivale Super • Riva 96 ’ Argo Super • Pershing GTX 90 • CL Navetta 35 • Itama 70 World Premiere: ✓ ✓ World Premiere: • Ferretti Yachts 720 Q 2 ’ 26 BOAT SHOW ATTENDANCE Opening European season with Venice Boat Show: ✓ • Sound attendance with total visitors up 2% YoY and total brand visits 1 up 8% YoY 1. Unique visits per brand - This statistic counts visitors only once per brand: an individual customer may be interested in more than one brand and will be reported for each of those brands depending on their demonstrated interest. Premiere: 7
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Business Dynamics02 8 RIVA LOUNGES : NEW EXCLUSIVE DESTINATION… Riva Destinations continue their journey with the opening of the new Riva Lounges in the world’s most beautiful locations Located within the prestigious five-star Borgo Santandrea in Amalfi and Hotel Monte Mulini in Rovinj, the new Riva Lounges enhance brand visibility and foster relationships with clients in prime luxury destinations
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IN H1’26 2 RANGE EXPANSION PRODUCTS SPLASHED Business Dynamics02
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Business Dynamics02 10 Itama 70 1 unit sold RANGE EXPANSION RANGE UPDATE Custom Line Navetta 35 4 units sold
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Business Dynamics02 11 Pershing GTX90 RANGE EXPANSION
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12 Business Dynamics02 CRN 70M - Project Thunderball FULL CUSTOM
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Financial Results 03
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Financial Results03 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% 14 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 Results03 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% 15 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 Results03 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% 16 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 Results03 Source: Net Backlog is calculated as the total orders in portfolio not yet delivered net of revenues already booked. ✓NET BACKLOG BREAKDOWN 17 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 Results03 18 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 Results03 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% 19 EBITDA margin was temporarily affected by a reduced absorption of fixed costs
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Financial Results03 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% 20 H1’26 capex amounted to €31mln, mainly related to the development of new products ✓
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Financial Results03 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% ✓ 21 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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Final Remarks 04
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Final Remarks04 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 23
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Q&A
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Appendix
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Appendix – Revenue by geography -25.5% -0.2% +0.6% AMAS Europe APAC+206.2% 140 140 220 164 251 252 10 H1’25 30 H1’26 620 586 24% 43% 28% 5% 23% 40% 35% 2% €mln and breakdown as % of total % of change YoY MEA 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 REVENUE BY GEOGRAPHY 26