Mare (MARE) Investor presentation summary

Financial performance and guidance

• Value of production for 1H2024 reached €18.8M, up 7.2% year-over-year, with EBITDA at €4.1M, up 44.2% from 1H2023.

• Full-year 2024 guidance targets €45M in production value (+14%) and €14M EBITDA (+40%), with a net financial position of €14M.

• 2H2024 is expected to deliver €26.2M in production value, reflecting lower seasonal variation and more recurring revenues.

• Technology platform investments are projected at €21.1M for 2024, supporting growth and innovation.

• NFP/EBITDA ratio is set to improve to 1.0x in 2024 from 2.5x in 2023.

Strategic initiatives and milestones

• Key 2024 milestones include agreements in defense and agriculture, R&D project approvals, and expansion into Germany and Spain.

• Acquisitions such as Powerflex (defense/aerospace) and partnerships with UST Italia and Sidereus support sector diversification.

• Framework agreements in defense and aerospace, and new tech platform investments, drive internationalization.

• Strategic focus on applied AI, technology integration, and new product launches in core sectors.

• Organic and external growth strategies aim to more than double the business.

Business segments and sector focus

• Applied engineering (28%), digital services (47%), and technology platforms (25%) form the core business areas.

• Services span mechanical design, process engineering, digital transformation, cloud, AI, and proprietary platforms.

• Sector focus includes manufacturing, transportation, aerospace, automotive, defense, and agriculture.

• Recent expansion targets SMEs in Spain and aerospace in Germany.

• New products such as SYPLA® SAX and SYPLA® RAIL showcased at international events.