Italian Sea S p A : 1H 2023 – Financial Results Presentation

F I N A N C I A L

R E S U L T S

1 H 2 0 2 3

THE ITALIAN SEA GROUP AT A GLANCE

The Italian Sea Group S.p.A. is a global operator in luxury yachting, the first builder in Italy and fourth in the world for yachts over 50

metres1. TISG went public on the Milan Stock Exchange on 8th June 2021.

BRANDS

Customised motor-yachtsabove 50mt. Speedy motor-yachtsfrom 37mt to 50mt. Large sailing yachts from 47mt. Gentleman Yachts from 24mt to 55mt.

Refit and maintenance of motor and sailing yachts, with a focus on yachts over 60mt.

Historical woodworking and furniture company, with expertise in yachting and real estate.

STOCK PERFORMANCE SINCE IPO (8 JUNE 2021) 2

TISG +57.5% from TISG IPO

FTSE MIB +11% from TISG IPO

9,5

8,5

7,5

6,5

5,5

4,5

3,5

TISG		FTSE MIB (rebased)

PARTNERSHIPS

Limited edition speedy motor-yachts inspired by the Lamborghini Siàn FKP 37.

Motor-yachts designed in collaboration with designer Giorgio Armani.

Notes: 1) Ranking based on 2022 yacht sales (source: Boat International, Global Order Book 2022); 2) Last updated on 05/09/2023.

REVENUES AND EBITDA EVOLUTION

(Eu mn)

							~365
						295
				186
	100	116
67						~60
	15	28	47
6	10
2018	2019	2020	2021	2022	2023E
			Revenues		EBITDA		2

February 11th, 2023

March 15th, 2023

May 20th, 2023

1H 2023 HIGHLIGHTS

An event involving owners, brokers, authorities, celebrities, and press, where Mr. Giovanni Costantino, Founder & CEO of The Italian Sea Group, mapped out the course for the future of Italian yachting, explaining the crucial moments of TISG's success story, its excellences and the objectives for its brands.

A laser mapping show unveiled the mega yacht and left the stage to Giorgio Armani's Spring/Summer 2023 collection, ending with a traditional greeting from the designer.

In March 2023, TISG presented the new Perini Navi fleet, having the objective to create a line of vessels with the characteristic and iconic Perini Navi elements revised in a modern fashion, aiming for large spaces, brightness, and comfort during sailing. There are three lines of vessels of 48, 56, and 77 metres.

The fleet, called «Genesis», attests Perini Navi's ultra-high-level positioning as global player for large sailing yachts.

M/Y Admiral Kenshō (75mt) has been named "Motor-yachtof the Year" and has won in the "Displacement Motor-Yachts1'500GT and Above" category at the renown 2023 World Superyacht Awards by Boat International.

The project's technical challenges have been faced with functional and, at the same time, elegant solutions, which have redefined the boundaries of space, distribution, and luxury, projecting the Owner's personal vision towards a new concept of the sailing experience.

3

M/Y Kenshō, 75mt

M/Y Silver Star, 55mt