05/08/2021 - Exprivia S.p.A.: Exprivia approves the half-year financial report at 30 June 2021

PRESS RELEASE

EXPRIVIA APPROVES THE HALF-YEAR FINANCIAL REPORT

AT 30 JUNE 2021

IN THE FIRST HALF, THE GROWTH OF REVENUES AND ALL

MARGINS CONTINUES

• Revenues: 84.8 mln euro, +4% compared to 81.5* mln at 30 June 2020
• EBITDA: 11.5 mln euro, equal to 13.6% of revenues, +47.8% compared to 7.8* mln at 30 June 2020
• EBIT: 8.4 mln euro, equal to 9.9% of revenues, +78.6% compared to 4.7* mln at 30 June 2020
• Result before tax: 6.7 mln euro, equal to 7.9% of revenues, +128.0% compared to 2.9* mln at 30 June 2020
• Net Financial Position:at -37.8 mln euro compared to -40.3 mln at 31 December 2020 and -53.3 mln at 30 June 2020

August 5, 2021-Exprivia- a company listed on the MTA market of Borsa Italiana [XPR.MI] - approved today the half-year financial statements at 30 June 2021, prepared in accordance with International Accounting Standards (IAS / IFRS).

In the still highly variable economic situation, in the first half of the year Exprivia recorded revenues up by 4.0%, reaching 84.8 million compared to 81.5 (*) million in 2020. All margin indicators are growing: EBITDA is significantly improving reaching 11.5 million in the first half of 2021, equal to 13.6% of revenues, an increase of 47.8% compared to 7.8 (*) million in 2020, EBIT amounted to 8.4 million, equal to 9.9% of revenues, an increase of 78.6% compared to 4.7 (*) million in 2020, the result before tax stood at 6.7 million, equal to 7.9% of revenues, an increase of 128.0% compared to 2.9 million in 2020 (*). The Net Financial Position stood at -

37.8 million compared to the -40.3 million of 31 December 2020, an improvement compared to the -53.3 million of 30 June 2020.

In the first half of 2021 revenues from the Public Administration and Aerospace market sectors grew by double digits, the first driven by the growing digitalization of PA services, the second by the expansion of the processing, storage and use of data acquired by satellites. The Healthcare, Utilities and Telco and Media sectors are also growing. The Banking, Insurance & Finance sector is stable, and the Oil & Gas and Industry sectors are in slight decrease, which are among the most exposed to the effects of the pandemic. Double-digit growth of the international market.

"The trend of improvement of the results achieved during the first half of 2021 continues, a trend already noted in the first quarter of the year. These are very positive results for our group, both in terms of turnover and margins - declared Domenico Favuzzi, Chairman and CEO of Exprivia. Customers are confirming their trust in

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Exprivia, in our ability to propose innovative and reliable solutions. The variety of markets served, which allowed us to better offset the negative effects of the pandemic, helped to guarantee the result in this first half of the year. We are intensifying our investments in all the most innovative technologies, in particular in the Artificial Intelligence and CyberSecurity. Regarding CyberSecurity, we have recently announced the establishment of a new Exprivia Security Operation Center (SOC) - continues Favuzzi. The hyper-connection, dictated by the increase in the last year of the time people spent on the network, both for personal and professional reasons, and the widespread diffusion of smart working and digital services, increases the risk of cyber exposure and the consequent interest in the defense of systems and people. We are ready to do our part in support of the important national investment plan, PNRR, and in support all our customers in the digital growth path so crucial for the future of our country. Favuzzi concludes- we are very proud of the gold medal won this morning at the Tokyo Olympics in the 20 km walk by Massimo Stano, athlete of ADEN Exprivia Molfetta, an athletics club that we have supported for several years."

1. The results for the first quarter of 2020 refer to "continuing operations" and therefore exclude the contribution of the Italtel Group, deconsolidated at 31 December 2020 and represented as a "discontinuing operation" pursuant to IFRS 5. The figures of the first quarter of 2020 differ, albeit insignificantly, from the management data, communicated on the 18th May 2020, in consideration of the deferral of the approval of the 2019 Annual Financial Report by the Board of Directors.

Results of the Parent Company as at 30 June 2021

Revenues amounted to 76.5 million euro compared to revenues in the first half of 2020 of 73.0 million, up by 4.7%.

EBITDA amounted to 11.3 million euro, up 40.3% (8.1 million in the first half of 2020).

EBIT amounted to 8.3 million euro, an increase of 69.3% (4.9 million in the first half of 2020).

The result before tax amounted to 6.6 million euro compared to the 3.9 million in the same half of 2020, up by 67.6%.

Shareholders' equity at the 30 June 2021 was equal to 70.7 million euro compared to 66.1 million at 31 December 2020.

The Net Financial Position at 30 June 2021 was negative for 36.9 million euro compared to -40.0 million at 31 December 2020, a clear improvement compared to the -53.2 million at 30 June 2020.

Pursuant to Article 154- bis of Testo Unico della Finanza, the executive manager responsible for preparing the corporate accounts, Mr. Valerio Stea, states that the financial report in this press release contains and matches the documentary records, books and accounting records.

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Exprivia

Exprivia is the head of an international group specialized in Information and Communication Technology able to address the drivers of change in the business of its customers thanks to digital technologies.

With a consolidated know-how and a long experience given by the constant presence on the market, the group has a team of experts specialized in different technological and domain fields, from Capital Market, Credit & Risk Management to IT Governance, from BPO to CyberSecurity, from Big Data to the Cloud, from IoT to Mobile, from networking to business collaboration up to the SAP world. The group supports its customers in the Banking & Finance, Telco & Media, Energy & Utilities, Aerospace & Defense, Manufacturing & Distribution, Healthcare and Public Sector sectors. The offer includes solutions consisting of own and third-party products, engineering and consulting services.

Today the group has about 2,400 professionals distributed in 7 countries worldwide.

Exprivia S.p.A. is listed on the Italian Stock Exchange on the MTA (XPR) market.

The company is subject to the management and coordination of Abaco Innovazione S.p.A.

www.exprivia.it

Contacts

Exprivia SpA

	Press office
Investor Relations
Gianni Sebastiano	Sec Mediterranea
gianni.sebastiano@exprivia.it	T. +39 080/5289670
T. + 39 0803382070 - F. +39 0803382077	Teresa Marmo
	marmo@secrp.com- Cell. +39 335/6718211
	Gianluigi Conese
	conese@secrp.com- Cell. +39 335/7846403
	Sec and Partners
	T. +39 06/3222712
	Martina Trecca
	trecca@secrp.com- Cell. +39 333/9611304
	Andrea Lijoi
	lijoi@secrp.com- Cell. +39 329/2605000

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Exprivia Group - Consolidated Balance Sheet and financial position as per 30 June 2021

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