Exprivia S p A : Financial Statements as at 30 June 2023

Interim Report 2023

Issuer: Exprivia

Website: www.exprivia.it

Contents

Corporate Bodies	3
Directors' Report at 30 June 2023	3
Significant Group Figures and Result Indicators	4
Summary of operations in the first half of 2023	6
Profile of Exprivia Group	7
Performance Trend of the Exprivia Group	21
Risks and Uncertainties	27
Significant Events in the first half of 2023	33
Events after 30 June 2023	34
Exprivia's Stock Market Performance	35
Business Outlook	36
Investments	37
Events and Sponsorships	38
Management Training and Development	39
Staff and Turnover	40
Management System and Certifications	41
Organisation, Management and Control Model (pursuant to Italian Legislative Decree no.
231/2001)	43
Inter-company relations	43
Relations with Related Parties	44
Report on Management and Coordination Activities	44
Group Relations with the Parent Company	45
Condensed consolidated half-year financial statements at 30 June 2023	47
Consolidated Financial Statements at 30 June 2023	48

Explanatory notes to the Exprevia Group condensed consolidated half-year financial statements at

30 June 2023	54
Related parties	91

Certification of the Consolidated Financial Statements pursuant to art. 154-bis of Italian Legislative

Decree no. 58/98

98

Independent Auditors' Report on the Consolidated Financial Statements of the Exprivia Group at

30 June 2023

99

2

Interim Report 2023

Corporate Bodies

Board of Directors

Chairman and

Chief Executive Officer

Domenico Favuzzi

Directors

Dante Altomare (Vice-Chairman)

Angela Stefania Bergantino (2)

Marina Lalli (2)

Alessandro Laterza (3)

Valeria Savelli (1)

Giovanni Castellaneta

Board of Statutory Auditors

Chairman

Dora Savino

Standing Auditors

Andrea Delfino

Mauro Ferrante

Independent Auditors

BDO Italia SpA

1. Directors not vested with operating powers
2. Independent directors pursuant to the Corporate Governance Code of the Corporate Governance Committee
3. Lead Independent Director

3

Interim Report 2023

Directors' Report at 30 June 2023

Directors' Report

at 30 June 2023

4

Interim Report 2023

Significant Group Figures and Result Indicators

The following is a summary of the main consolidated economic, capital and financial data of Exprivia SpA and its subsidiaries (hereinafter also referred to as the "Group" or the "Exprivia Group") at 30 June 2023, 30 June 2022 and 31 December 2022.

1. - "Net working capital" is calculated as the sum of the total current assets, less cash and cash equivalents, less total current liabilities plus current bank debt and current bond loans.
2. - The Cash Flow represents the cash flow generated (absorbed) by the income management.
3. - Fixed capital is equal to total non-current assets
4. - Investments are calculated as the sum of cash flows absorbed by increases in property, plant and equipment and intangible assets and equity investments, net of payments for sales.
5. - Net Financial Debt = a+b+c

5

Interim Report 2023