Fincantieri (FCT) Corporate presentation summary

Strategic vision and market positioning

• Building Europe's first fully integrated underwater ecosystem, combining services, autonomous vehicles, sensors, communications, and defense systems into a single industrial capability.

• Targeting leadership in a fragmented underwater technology sector by acquiring and integrating market-leading players across key verticals.

• Focused on technological consolidation and expansion toward a service provider model, offering end-to-end solutions across defense, dual-use, and commercial markets.

• Addressing high-growth market drivers such as energy, infrastructure resilience, and security needs, with a cumulative 2026-2030 market value of €155 billion and a 30% CAGR in unconventional underwater markets.

• Expanding international footprint with operations in the UK, Netherlands, Norway, and UAE, and a workforce of 1,500 highly qualified professionals.

M&A strategy and execution

• Executed a two-wave M&A campaign, acquiring Remazel, WASS, NextGeo, WSense, Graal Tech, and DefComm to strengthen the integrated underwater platform.

• Acquisitions structured to ensure management continuity and preserve industrial competencies, with gradual full ownership through performance-based earn-outs and put/call options.

• Capital increase and ABB in 2024 provided €500 million for acquisitions, with strong market demand and no negative impact on deleveraging targets.

• M&A has already generated returns exceeding initial investments and delivered significant industrial, commercial, and operational synergies.

Technology and product portfolio

• Portfolio covers critical technologies: sonar and threat detection, underwater communications, complex topside systems, autonomy software, drones, unmanned vehicles, and energy storage.

• Eight centers of excellence orchestrate integrated solutions, including shipbuilding, offshore, underwater equipment, electronics, and robotics.

• Recent acquisitions enhance capabilities in modular subsea robotics, high-speed USVs, wireless underwater communications, and end-to-end subsea services.

• Full life-cycle subsea services offered, from survey to decommissioning, with NextGeo providing operational and financial strength.