Openjobmetis S p A : Additional financial information as at 31 march 2024

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Openjobmetis S.p.A. - Employment Agency

Auth. Prot. No. 1111 - SG of 26/11/2004

Registered Office

Via Assietta, 19 - 20161 Milan - Italy Headquarters and Offices

Via Marsala 40/C Centro Direzionale Le Torri, 21013 Gallarate (VA)

Legal Information Joint-stock company

Approved and subscribed share capital EUR 13,712,000 Registered in the Milan Register of Companies under tax code 13343690155

Website

Contents

CORPORATE BODIES	4
STRUCTURE OF THE GROUP	6
REPORT ON OPERATIONS	7
Highlights (amounts in millions of EUR)	8
Trends in key financial and operating indicators - alternative performance indicators	9
Operating performance and results of the Group	11
Relations with subsidiaries and related parties	25
Main significant events in the first quarter of 2024 and after 31 March 2024	28
Outlook	30
Other information	31
Consolidated Statement of Financial Position	35
Consolidated Statement of Comprehensive Income	36
Consolidated Statement of Changes in Equity	37
STATEMENT ON THE ADDITIONAL FINANCIAL INFORMATION IN ACCORDANCE WITH ARTICLE 154-BIS OF
LEGISLATIVE DECREE 58/98	38

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CORPORATE BODIES

The Ordinary Shareholders' Meeting of 29 April 2024 appointed the Board of Directors and the Board of Statutory Auditors in office until the Shareholders' Meeting that will be called to approve the financial statements as at 31 December 2026.

Board of Directors
Chairman	Marco Vittorelli
Deputy Chairman	Biagio La Porta
Managing Director	Rosario Rasizza
Directors	Corrado Vittorelli
	Rubinia Vittorelli
	Alberto Rosati1
	Laura Guazzoni1
	Barbara Napolitano1
	Daniela Toscani1
	Marco Zanon1
Board of Statutory Auditors
Chair	Carmen Pezzuto
Standing Auditors	Manuela Paola Pagliarello
	Marco Sironi
Alternate Auditors	Claudio Cornara
	Marco Prandin

1 Independent Director

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Committees
Control, Risks and Sustainability Committee 2	Alberto Rosati (Chair)1
	Laura Guazzoni1
	Daniela Toscani1
Remuneration Committee	Daniela Toscani (Chair)1
	Barbara Napolitano1
	Alberto Rosati1

	* * *
Manager in charge of	Alessandro Esposti
financial reporting
	* * *
Independent Auditors 3	Ernst & Young S.p.A.

1. The Control, Risks and Sustainability Committee also acts as Related Parties Committee.
2. In office until 31 December 2032

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STRUCTURE OF THE GROUP4

4Structure of share capital and voting rights at the date of approval of the Additional Periodic Financial Information as at 31 March 2024on the basis of what is set forth in the shareholders' register, as supplemented by the communications pursuant to art. 120 of the TUF. The above figures may not reflect the number of shares held by each of the parties after disclosure.

Subsidiaries of Openjobmetis S.p.A. as at 31 March 2024. On 15 January 2024, Openjobmetis S.p.A. finalised the acquisition of Just On Business S.p.A. and its subsidiary Deine Group S.r.l.

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Highlights (amounts in millions of EUR)

Notes: the adjusted values are calculated as indicated in the section "Trends in key financial and operating indicators - alternative performance indicators". Where not specified, the data are to be considered "Reported".

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Trends in key financial and operating indicators - alternative performance indicators

	Income Statement indicators			3M 2024				3M 2023			Δ 24 vs. 23
			EUR		%			EUR		%			EUR		%
	First contribution margin (millions/margin) (1)	26.9		13.4%		23.3	12.7%		3.6	15.5%
	EBITDA (millions/margin) (2)	7.1		3.5%		6.0	3.3%		1.1	18.3%
	Adjusted EBITDA (millions/margin) (3)	7.2		3.6%		6.0	3.3%		1.2	20.0%
	EBITA (millions/margin) (4)	5.0		2.5%		4.0	2.2%		1.0	25.0%
	Adjusted EBITA (millions/margin) (5)	5.1		2.5%		4.0	2.2%		1.1	27.5%
	Profit (loss) for the year (millions/margin)	2.7		1.3%		2.3	1.3%		0.4	17.4%
	Adjusted profit (loss) for the year (millions/margin) (6)	3.0		1.5%		2.4	1.3%		0.6	25.0%
	Net earnings (loss) per share outstanding* (EUR)	0.22		-		0.18	-		0.04	22.2%

Other indicators	31/03/2024	31/12/2023
Net financial indebtedness (EUR million) (7)	70.1	36.1
Number of shares (thousand)*	13,369	13,369
Average no. of days to collect trade receivables (days) (8)	73	70

Δ 24 vs. 23

		%
Value

34.0 94.2%

0.00.0%

34.3%

* The average number of shares is calculated net of treasury shares purchased following the buy-back programme and partial voluntary tender offer.

1. The first contribution margin is calculated as the difference between Revenue and Personnel expense for contract workers and outsourcing.
2. EBITDA is calculated as Profit (loss) for the period before income taxes, net financial expense, amortisation/depreciation, provisions and impairment losses on trade and other receivables.
3. Adjusted EBITDA is calculated as EBITDA before charges mainly relating to professional consultancy and Tobin Tax costs relating to acquisitions (as indicated in the following pages of this report).
4. EBITA is calculated as Profit/(Loss) for the period before income taxes, net financial expense and amortisation of the intangible assets included in the balance of Intangible assets and goodwill (mainly amortisation of customer relations taken over as a result of the "Quanta" operation and non-competition agreements signed in connection with the acquisitions of "Quanta" and "Just on Business").
5. Adjusted EBITA is calculated as EBITA before charges mainly relating to professional consultancy and Tobin Tax costs (as indicated in the following pages of this report).
6. Adjusted Profit (loss) for the period is calculated as Profit (loss) for the period before charges mainly related to professional consultancy and Tobin Tax costs in connection with acquisitions as well as the amortisation of intangible assets included in the balance of Intangible Assets and Goodwill (mainly amortisation of customer relations taken over as a result of the "Quanta" transaction and non-competition agreements executed in connection with the acquisitions of "Quanta" and "Just on Business"), and net of the related tax effect (as indicated later in this report).
7. Net financial indebtedness shows the company's financial exposure to lenders and is the difference between financial assets and the sum of current and non-current financial liabilities (see the section on "Operating performance and results of the Group" for its detail).

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1. Average no. of days to collect trade receivables: I) as at 31 December, trade receivables/revenue from sales x 360; II) as at 31 March, trade receivables/revenue from sales x 90.

The costs subject to adjustment as part of the aforementioned alternative performance indicators (professional consultancy and Tobin Tax costs in connection with acquisitions as well as amortisation of intangible assets included in the balance of intangible assets and goodwill), with the related reconciliations to the financial statements data, are provided in the section "Analysis of the operating performance of the Openjobmetis Group in the first three months of 2024" of this report.

The aforementioned alternative performance indicators facilitate analysis of business performance, ensuring better comparability of results over time.

The above indicators are not identified as accounting measures under IFRS, therefore the quantitative determination thereof may not be unique. The determination criteria applied by the Group for these indicators may not be consistent and comparable with those determined by other operators.

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