Avio S p A : STAR Conference 2024 (Euronext/Borsa Italiana)

Avio presentation

Euronext STAR Conference 2024

MILAN, MARCH 19TH, 2024

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Disclaimer

This document has been prepared by Avio S.p.A. ("Avio" or the "Company"). This document might contain certain forward-looking statements that reflect the Company's management's current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on Avio's current expectations and projections about future events. Because these forward-looking statements are subject to risks and uncertainties, actual future results or performance may differ materially from those expressed in or implied by these statements due to any number of different factors, many of which are beyond the ability of Avio to control or estimate. You are cautioned not to place undue reliance on the forward- looking statements contained herein, which are made only as of the date of this presentation. Avio does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation. Any reference to past performance or trends or activities of Avio shall not be taken as a representation or indication that such performance, trends or activities will continue in the future. This document does not constitute an offer to sell or the solicitation of an offer to buy Avio's securities, nor shall the document form the basis of or be relied on in connection with any contract or investment decision relating thereto, or constitute a recommendation regarding the securities of Avio.

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Agenda

1. Avio Profile

2.

3.

4.

5.

Market Update

Business Update

Financials

Appendix

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Avio: propulsion for space and defence

231M€ Market Cap (1)

1.300 employees

• European heavy launcher
• Avio: partner and supplier for strap-on boosters

1. As of March 12nd, 2024

▪	Solid Rocket Motors	▪	European light launcher
	▪	Avio: developer, manufacturer,
	for Defence Missiles
		launcher system integrator

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A public company managed by a team of investors

• Public Company (IT STAR Stock Exchange Segment)
• ~4% Management share
• ~40% Free Float
• No Controlling Shareholder

Free float	29,6%
37,1%

								9,8%
	4,1%
Own		3,8%
			4,1%		7,4%
shares
					4,1%

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The launch segment : the gateway to the Space economy worth almost 400 $ Bn

Global space value chain

Launch (1,2)	Satellites (MFT)	Ground(3)	Services(2,4)	End users
$ 7.0bn	$ 15.8bn	$ 145bn	$ 113bn

Government $ 103bn

Source: Satellite Industry Association (2023)	(1): Includes launcher manufacturing and launch service activities	(3): Includes GNSS chipsets and Related	5
(2): Commercial services revenues only	(4): Includes commercial humanflight

Global customers base for space launches

NOT EXHAUSTIVE

= Ariane

Gold			Thor 7	Sentinel
Terrestar-1		GHGSat	Galileo
4x SkySat	Hylas
AMC-21	Anik F3
Galaxy 15
			LuxSat

SICRAL 2

VD20x2 Ceres

Spire

Spaceflight

Ingenio

Spainsat

Proba V	LISA	HellasSat	Azerspace
IXV	Aeolus
Biomass		KazEOSat-1
Lemaitre	BepiColombo	Nemo HD	KompSat 7

Amaldi	Einstein
	Superbird
	Bsat 3b
	Undisclosed

= Vega

Ariane 6

MexSat -3

Mohammed

		Falcon
	Arab	Eye
	sat
RASCOM		GSAT

Athena-Fidus

VNredSat-1°

Vinasat

Telkom

Brysat

Vega C

28 launches in backlog

PeruSat	LARES	Cosmo 2G	Nilesat	Venus	GokTurk-1a	TheoSat	Optus
	OptSat
	Prisma	TIBA

14 launches in backlog

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60 years track record in space technologies

Ariane 1-3	Ariane 4	Ariane 5	Vega	Vega C
Separation	9.5 ton	230 ton	Launch	Improved	Ariane 6
motors	boosters	boosters	system	performance

1968

1990

1996

2012

2022

2024

The European Space Agency

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A robust roadmap for future space launch and services

Applications	SSMS
and services	Payload
Adapter

Launcher Products

	AVUM+
	Z9
AVUM	Z40

Z9

Z23

P80P120

Vega

Vega C

Space Rider

Launch &

Re-entry

Experimental

Prototype

M10

M10

cluster

IFD

In-Orbit Service

Module

M10

Z40

P160
Vega E	Future	t
	launcher

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Current industrial footprint

Avio France - Paris

(100% Avio)

Europropulsion

(50% Avio and 50% AG)

Solid propulsion stage integration

Avio US - Arlington, VA

Regulus

Kourou, French Guiana

(60% Avio and 40% AG)

Solid propellant

Avio Guyane

Kourou, French Guiana

(100% Avio)

Launch Complex

Avio S.p.A. - Colleferro, Rome

The company's headquarters and production plants of solid and liquid propellant motors for LVs

Spacelab - Colleferro, Rome

(70% Avio and 30% ASI)

Vega Launcher

Sardinia

SPTF Test Facilities for Liquid Engines

Airola

CFRP Facility

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