Italian Sea S p A : Berenberg European Conference 2023

B E R E N B E R G

E U R O P E A N

C O N F E R E N C E

D E C E M B E R 2 0 2 3

AGENDA

Introduction

Executive Summary

Financials

2

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 +62.9% from TISG IPO

FTSE MIB +13.8% 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 28/11/2023.

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		3

M/Y Kenshō, 75mt

M/Y Silver Star, 55mt

Perini Navi Ketch, 56mt

M/Y Tecnomar This Is It, 43mt

M/Y Tecnomar for Lamborghini 63, 19.8mt

M/Y Picchiotti Gentleman, 24mt