March 14TH 2023

FY22 RESULTS

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IMPORTANT NOTICE

This presentations is being furnished to you solely for your information and may not be reproduced or redistributed to any other person.

This presentation might contain certain forward-looking statements that reflect the Company's management 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 Intercos 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 Intercos 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. Intercos 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 Intercos shall not be taken as a representation or indication that such performance, trends or activities continue in the future.

This presentation does not constitute an offer to sell or the solicitation of an offer to buy the Group'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 Intercos.

Intercos securities referred to in this document have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Pietro Oriani, the Manager in charge of preparing the corporate accounting documents, declares that, pursuant to art. 154-bis, paragraph 2, of the Legislative Decree no.58 of February 24, 1998, the accounting information contained herein correspond to document results, books and accounting records.

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Agenda

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FY22 Executive Summary

Net Sales

€835.6m

+24% Rep FX

+19% c.FX

Adj. EBITDA

€121.7m

14.6% on Net Sales

+20.3% or +€20.6m vs. FY21

Adj. Net Income

€51.3m

+24.6% or +€10.1m vs. FY21

Net Debt

€90.7m

0.74x Net Debt to Adj. EBITDA

ratio (-0.51x vs.31Dec22)

€36m FY22 Cash Flow

ESG Rating

Platinum medal awarded

by EcoVadis

Intercos within the Top 1% of companies in its sector for the second year in a row

Dividends

€16m

Approx. €0.17 per share

payout ratio of approx. 36% of

consolidated net profit

The Board of Directors has resolved to Propose to the shareholders' meeting the payment of dividends for 2022

Highest Full Year Sales and EBITDA ever

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FY22 Executive Summary - FY22 and 4Q22 Results overview

4Q

€m Revenues

Adj. EBITDA

Adj. EBITDA %

4Q22

238,5

37,3

15,6%

4Q21

188,3

30,6

16,2%

% vs 4Q21

Rep FX

c FX

27%

22%

22%

FY

€m Revenues

Adj. EBITDA

Adj. EBITDA %

FY22

835,6

121,7

14,6%

FY21

673,7

101,1

15,0%

% vs FY21

Rep FX

c FX

24%

19%

20%

Adj. Net Income

Adj. Net Income %

Net Debt

Net Debt/Adj. EBITDA

51,3

41,2

25%

6,1%

6,1%

90,7126,6

0,74x1,25x

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Intercos S.p.A. published this content on 14 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2023 17:15:06 UTC.