Sesa S.p.A. Reports Strong Financial Performance for FY 2023

Sesa closes financial year with profit and revenues up

(Alliance News) - Sesa Spa reported Thursday that it closed the year as of April 30 with adjusted net income attributable to the group of EUR106.4 million, up 4.1 percent from EUR102.3 million as of April 30, 2023. Consolidated revenues and other income amounted to EUR3.21 billion from EUR2.90 billion in 2023 and marked a 10 percent growth. Consolidated Ebitda amounted to EUR239.5 million from EUR209.4 million a year earlier. Adjusted Ebit was EUR192.7 million from EUR167.7 million, up 15 percent. Consolidated Net Financial Position as of April 30 was EUR211.0 million in surplus compared to EUR239.5 million as of April 30, 2023. "In light of the positive growth expectations in the strategic areas of the business in which it operates," the company confirmed the favorable outlook for the year, continuing the growth path in terms of revenues, employment and operating profitability, with investment focus on the strategic areas of Cloud, Security, Digital Platforms, Data/AI. The company expects revenues to grow in the 5.0-10% range year-on-year, with increased market share in all group sectors. Ebitda is expected to grow in the 5.0%-12.5% range, with a continuation of the trend of increasing Ebitda margin to 7.6% vs. 7.5%. Investments in the year - Capex and M&A - are expected to amount to about EUR100 million with focus in the strategic areas of Cloud, Security, Digital Platforms, Data/AI. Sesa's stock trades in the red by 7.7 percent at EUR109.90 per share. Comments and questions to [email protected] Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.

SeSa S p A : Board of Directors of 18.07.2024

VAT number, Fiscal and number of the Florence Company Register 07116910964 Statements for the Fiscal Year ended on April 30, 2024, including non-financial data, drawn up in compliance with EU-IFRS accounting standards and GRI on ESG matters. Notes to the Group's consolidated results The Fiscal Year as of April 30, 2024 closed with a strong growth of technological skills (5,691 HRs, +21.0% Y/Y), customer set (about 40,000 customers in Italy and Europe) and consolidated financial results in terms of revenues (Eu 3,210.4 million, +10.4% Y/Y) and profitability (Ebitda equal to Eu 239.5 million, +14.4% Y/Y, Adjusted EAT equal to Eu 106.4 million, +4.1% Y/Y), thanks to the successful market positioning on the main strategic development areas enabling technological innovation (Data/AI, Cloud, Cyber Security, Digital Platforms) and thanks to the contribution of the 13 bolt-onM&As in the FY 2024, that generated around 35% of growth in the Period. In the Fiscal Year as of April 30, 2024 the Group's ability to achieve organic growth was confirmed (65% of the total), overperforming the market trend and gaining market share in all business sectors, with a 2012- 2024 Compound Annual Growth Rate (CAGR) equal to 12.1% in revenues and 15.8% in Ebitda. The Group transformation path continued in the FY 2024 with significant investments (Eu 142 million) in Business Applications and skills, particularly in emerging technologies, as Data Science/AI, Cloud, Cyber Security, Digital Platforms, crucial drivers of digitalization in all Group's business sectors: Group Consolidated Revenues and Other Income as of April 30, 2024 achieved Eu 3,210.4 million (+10.4% Y/Y), with a significant contribution by all Group sectors: Thanks to the Revenues growth in the higher value-added areas, consolidated Ebitda up to 14.4% Y/Y, achieving Eu 239.5 million as of April 30, 2024, with an Ebitda margin up to 7.5% (compared to 7.2% as of April 30, 2023). All Group reference Sectors contributed to the consolidated Ebitda result: Sesa SpA - HQ in Empoli (Florence), Via della Piovola 138, Share Capital Euro 37,126,927.50 VAT number, Fiscal and number of the Florence Company Register 07116910964