Azimut S p A : IR Presentation

Azimut Group

IR presentation

January 2023

Table of Contents	2

• About Azimut	2

• Asset Management & Distribution

10

• AUM & Total Assets evolution
• Private Markets development
• Azimut Fintech platform
• ESG focus

• Financials

34

• Summary & Outlook

46

Azimut At a Glance

Azimut Group is one of Europe's largest independent

asset managers serving clients in 18 countries

3

Ticker	AZM IM

€79.0bn

Total

AuM/AuC

30+

years of asset management experience

170+

investment

professionals

1,400+

employees

globally

230k+

investors

~22%

employee

owned

Drawing on average 20 years of industry experience of the GLOBAL TEAM around the world enables us to skillfully synthesize on the ground local expertise with international know-how in forming strategic and tactical perspectives that is critical in delivering most optimal results for our clients

Public Markets

€72.5bn

• Onshore, offshore Funds
• Discretionary PM & Advisory
• Life & Pension Funds
• Digital Asset Management

Private Markets

€6.5bn

• Private Equity
• Private Debt
• Venture Capital
• Real Assets & Social Infrastructure

Source: Company data as of 31 December 2022.

Abbreviation: AuM = Assets under Management. AuC = Assets under Advisory.

Azimut Group: the beginning of our journey into expanding our	4
international presence

Azimut's Creation In 1988, Azimut is established by Akros Finanziaria

In 1990-1992

Pietro Giuliani joins the company and starts the recruitment of top level professionals for the distribution network (organized in 6 regional companies) and the fund managers team

In 1998 Bipop-Carire acquires Azimut, which continues to operate independently

In 2001

As a result of the Bipop restructuring, Azimut's management buys out the business backed up by Apax Partners. Approximately 700 people invested in the MBO, completed in June 2002

In 2002

The 6 regional distribution companies merged into Azimut Consulenza SIM

In 2004

Azimut's Initial

Public Offering (AZM.IM) on July 7th Insurance: AZ Life (Ireland)

Source: Company data

Azimut Group: major steps of Successful Global Expansion	5

In 2013

Libera Impresa Opening in Taiwan Opening in Brazil Opening in Singapore

Conv. bond issue 2013-2020 2.125%

In 2014

Opening in Mexico

Second JV in Turkey

Opening in Australia

In 2017

Obtained a BBB Rating

New Senior Bond to refinance existing Convert

Opening in U.A.E.

Initiated Share buyback plan Strengthened Switzerland Expansion in Australia

In 2018

Sofia SGR

Timone LBO

Strengthened Australia

In 2022

Launch of Beewise App Opening in Portugal

3 Private Markets acquisitions (minority GP stakes) in US and Europe

Setup of alternative manager in Brazil focusing on agrobusiness

Minority stake in Diaman Partners (Malta) and launch of digital assets fund Investment in Kennedy Capital, leader in US Small and Mid Cap Equities

Partnership to support development of UniCredit's asset management business Acquisition of a Turkish private equity firm

In 2011

Opening in China

Opening in Turkey

Opening in Monaco

Opening in Switzerland

In 2012

Launch of participating financial instruments AZ Swiss

Private Insurance

In 2015

Strengthened Turkey subsidiary Strengthened Brazil Futurimpresa (Private Equity) Growing in Australia Opening in Chile

In 2016

Strengthened Australia

Strengthened Brazil

Expanded in Switzerland

Out of the CRD IV regime

In 2019

New management team

Opening in Egypt

Repricing recurring fees

New financing

Expansion in Australia

Relaunch of Private Markets

In 2020-2021

New Timone LBO

3 Private Markets acquisitions (minority GP stakes) in the US and launch of new alternative funds Azimut Marketplace

Product Innovation Fintech ecosystem

Source: Company data