Intred S p A : Investor Presentation - October 2023 Polytems HIR Italian Day in London

POLYTEMS HIR ITALIAN DAY IN LONDON

OCTOBER 12TH 2023

INVESTMENT CASE

A NETWORK AT THE FOREFRONT OF INNOVATION

STRONG LOCAL PRESENCE IN A THRIVING AREA

BROAD RANGE OF PRODUCTS ADDRESSED TO A WIDE RANGE OF CLIENTS

ATTRACTIVE RISK-RETURN PROFILE: RECURRING NATURE OF FEES,

HIGH REVENUES VISIBILITY AND LOW CHURN RATE

PROVEN TRACK RECORD

AND EXPERIENCED MANAGEMENT TEAM

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COMPANY OVERVIEW

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INTRED, THE FIBER COMPANY

INTRED IS A TELECOMMUNICATION AND INTERNET PROVIDER WITH ITS OWN FIBER NETWORK INFRASTRUCTURE

Founded in 1996 by Daniele Peli, INTRED provides:

BROADBAND CONNECTIVITY

ULTRA BROADBAND CONNECTIVITY

FWA CONNECTIVITY

VOICE

HOSTING AND HOUSING

• STRONG PRESENCE IN LOMBARDY, the richest region in Italy, in particular in the Brescia area with a market share of approx. 10%
• Fragmented customer base with a VERY LOW CHURN RATE ( <5%)

• RECURRING NATURE OF FEES (>90% of total turnover is recurring)

• HIGH REVENUES VISIBILITY (average DSO < 36 days)

• 180 SKILLED RESOURCES

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A NETWORK AT THE FOREFRONT OF INNOVATION

2020		2021		1H2023
	7,300KM
3,700KM				10,600KM 47.4 K
				DATA
2018				USERS
1,950KM
2016				2022
			9,500KM
1,120KM			2019
		2,900KM
				> € 120MN
2014				CAPEX TO BUILD, DEVELOP
420KM				AND STRENGTH THE NETWORK
	2017	• COVERAGE: LOMBARDY REGION
	1,500KM
2015		•	CISCO SISTEMS MPLS TECHNOLOGY
	• NETWORK CAPABILITY UP TO 100K USERS
850KM

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