Officina Stellare (OS) investor relations material

Strategic transformation and business overview

• Completed a transformational merger with Global Aerospace Technologies Group, creating a multi-domain player in space, aviation, defense, maritime, and cybersecurity sectors.

• Achieved vertical integration with control over critical value chain steps and complementary technologies in optical systems and electronics.

• Expanded industrial scale to seven production facilities in Italy and two commercial outposts abroad, with over 540 employees.

• Diversified client base includes major agencies, governments, and OEMs such as NASA, Airbus, Boeing, and Leonardo.

• Management team with extensive sector experience, including former leaders from major aerospace and defense companies.

Financial performance and guidance

• Pro forma value of production expected to grow from €88.5m in 2024 to €98.8m in 2025, a 12% increase.

• Order backlog rises 24% YoY to €163.1m in 2025, reaching €192m by May 2026, providing high visibility on future growth.

• Adjusted EBITDA margin improves from 13.3% in 2024 to 18.0% in 2025, with net income doubling to €4.4m.

• Strong cash position of €30m at end-2025 supports selective investments in technology and capacity expansion.

• R&D investment at €16m in 2025, representing about 6% of value of production.

Growth strategy and innovation

• Pursuing both organic growth and M&A to strengthen positioning in aerospace and defense sub-sectors.

• Significant investments in new technologies, including quantum key distribution and laser communication, with partnerships involving ESA and leading universities.

• Expansion of production capacity with new and enlarged facilities, especially for laser communication programs, to be completed by 2027.

• Realization of synergies through integrated offerings, cross-selling, and centralized functions post-merger.

• Focus on innovation through collaborations and spin-offs, such as ThinKQuantum and DynaWic, to maintain technological leadership.