11/03/2024 - Exprivia S.p.A.: Exprivia's Board of Directors approves Annual Financial Report 2023

PRESS RELEASE

EXPRIVIA'S BOARD OF DIRECTORS APPROVES 2023

ANNUAL FINANCIAL REPORT

TOTAL REVENUES OVER 200 MLN EURO, NET RESULT GROWS

DOUBLE-DIGIT

• Revenues: 203.0 million, +10.5% compared to 183.7 million euro in 2022
• EBITDA: 27.2 million euro (13.4 % of revenue), + 8.4 % compared to 25.1 million euro in 2022
• EBIT: 21.4 million euro (10.5 % of revenue), +11.4 % compared to 19.2 million in 2022
• Net result: 13.2 million euro, +14.1 % compared to 11.5 million in 2022
• Net Financial Debt: equal to -7.2 million euro, compared to -18.3 million as at 31
  December 2022, an improvement of € 11.1 million.

March 11, 2024. The Board of Directors of Exprivia - a company listed on the Euronext market of Borsa Italiana [XPR.MI] - today approved the Annual Financial Report as at 31 December 2023.

In 2023, the Exprivia Group recorded +10.5% increase in revenues and a gross operating margin of 13.4% of total revenues, leading to a net profit of EUR 13.2 million. Net financial debt improved sharply to EUR -7.2 million compared to EUR -18.3 million in 2022.

Performance in the Aerospace markets was up at +37.2%, Oil & Gas +26.6%, Healthcare +14.4% and Banking Finance & Insurance +8%. The other markets, Industry, Telco and Media, Utilities, Public Administration and BPO, were substantially stable.

Crossing the EUR 200 million mark in total revenues, obtained entirely organically, represents a significant step forward in the company's market positioning. The generation of cash allowed the net financial debt to be reduced

from EUR -18.3 million to EUR -7.2 million as at 31 December 2023.

1

PRESS RELEASE

Results of the Parent Company as at 31 December 2023

Revenues are equal to EUR 183 million, +11.4% compared to 164.2 million in 2022.

EBITDA amounted to EUR 27 million (or 15 % of revenue), up 5.6 % from Euro 25.5 million in 2022. EBIT amounted to EUR 20.1 million (or 11% of revenue), up 7.1% from Euro 18.8 million in 2022. Net profit amounted to EUR 13 million, compared to Euro 12 million in 2022.

Shareholders' equity at 31 December 2023 amounted to Euro 97.1 million, compared to Euro 85.3 million at 31 December 2022.

Net financial deb as of 31 December 2023 was euro -10.7 million compared to euro -20.1 million as of 31 December 2022, thus improving by euro 9.4 million.

Further decisions by the Board of Directors

Today's Board of Directors examined and approved the Directors' Report on Corporate Governance and Ownership Structures, the Report on Remuneration Policy and Compensation Paid, and the Consolidated Non- Financial Statement for 2023 pursuant to Legislative Decree 254/16.

The Board of Directors also mandated the Chairman of the Board of Directors and Chief Executive Officer to convene the Ordinary Shareholders' Meeting for 23 April 2024 on first call and 24 April 2024 on second call. The Board also approved the proposal to request the Shareholders' Meeting to issue a new authorisation to purchase and dispose of treasury shares pursuant to Articles 2357 and 2357-ter of the Italian Civil Code.

"We are satisfied with our results this year," says Domenico Favuzzi, President and CEO of Exprivia. " The double-digityear-on-year increase in Group revenues reflects the hard work and commitment of our teams as well as the trust and support of our customers and partners.. Looking to the future of the ICT market, we see a landscape full of opportunities and challenges. The continuous evolution of digital technologies offers unprecedented possibilities to innovate and transform industries in every field. As Exprivia, we intend to continue to be among the leaders in offering cutting-edge ICT solutions, using artificial intelligence to improve the efficiency, automation and intelligence of business processes, so as to help build a more inclusive and sustainable digital future. We remain committed to investing in research and development, strengthening our strategic partnerships and driving change through innovation. We are convinced that perseverance in excellence and our forward-looking vision will enable us to continue to grow and contribute to the progress of society as a whole."

Pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, the manager responsible for preparing the company's financial reports, Mr. Donato Dalbis, declares that the accounting information contained in this press release corresponds to the documented results, books and accounting records.

2

PRESS RELEASE

Exprivia

The Exprivia Group, specialising in Information and Communication Technology, is one of the leading players in digital transformation.

Drawing on a wealth of expertise gained in over 30 years of constant presence on the national and international market, Exprivia employs around 2,400 people in six countries around the world and employs a team of experts in various areas of technology and digitalisation: from Artificial Intelligence to Cybersecurity, from Big Data to Cloud, from IoT to BPO, from Mobile to Networking and Collaboration, and fully presiding over the SAP world.

Listed on the Italian Stock Exchange since 2000 in the Euronext market (XPR), Exprivia supports its clients in the Banking, Finance&Insurance, Aerospace&Defence, Energy&Utilities, Healthcare and Public Sector, Manufacturing&Distribution, Telco&Media sectors. The group's design capability is enhanced by a strong partner network, proprietary solutions, design, engineering and customised consulting services.

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

Contact	Press office
Donato Dalbis	Sec and Partners
T. +39 06/3222712
Donato.dalbis@exprivia.com
T. + 39 0803382070 - F. +39 0803382077	Martina Trecca
	trecca@secrp.com - Cell. +39 333/9611304
	Andrea Lijoi
	lijoi@secrp.com - Cell. +39 329/2605000

3

PRESS RELEASE

CONSOLIDATED BALANCE SHEET AND FINANCIAL POSITION AS AT 31 DECEMBER 2023

4

PRESS RELEASE

5

PRESS RELEASE

CONSOLIDATED PROFIT AND LOSS AS AT 31 DECEMBER 2023

6

PRESS RELEASE

CONSOLIDATED FINANCIAL STATEMENT AS AT 31 DECEMBER 2023

7

PRESS RELEASE

EXRIVIA SPA - BALANCE SHEET AND FINANCIAL POSITION AS AT 31 DECEMBER 2023

8

PRESS RELEASE

9

PRESS RELEASE

EXRIVIA SPA - PROFIT AND LOSS AS AT 31 DECEMBER 2023

10