Exprivia S p A : Financial Statements as at 30 September 2022

Interim Report on Operations at 30 September 2022 Issuer: Exprivia

Website: www.exprivia.it

Contents

Corporate Bodies	3
Directors' Report at 30 September 2022	4
Significant Group Figures and Result Indicators	4
Summary of operations at 30 September 2022 and the third quarter of 2022	6
Profile of Exprivia Group	7
Performance Trend of the Exprivia Group	21
Risks and Uncertainties	27
Significant events of the third quarter of 2022	28
Events after 30 September 2022	29
Business Outlook	29
Staff and Turnover	29
Inter-Company Relations	29
Relations with Related Parties	30
Report on Management and Coordination Activities	30
Group Relations with the Parent Company	31
Condensed Quarterly Consolidated Financial Statements of Exprivia Group at 30 September 2022
	33
Consolidated Financial Statements at 30 September 2022	34
Explanatory Notes	40

Statement for Consolidated Financial Statements in accordance with Art. 154-bis, par. 2 of Legislative Decree no. 58 of 24 February 1998 - Consolidated Act on the provisions on broking and

subsequent amendments

56

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Interim Report on Operations at 30 September 2022

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

PricewaterhouseCoopers 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

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Interim Report on Operations at 30 September 2022

Directors' Report

at 30 September 2022

Directors' Report at

30 September 2022

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Interim Report on Operations at 30 September 2022

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 September 2022, 30 September 2021 and 31 December 2021.

1. - "Net working capital" is calculated as the sum of the total current assets, less iquidity and total current liabilities plus current bank debt
2. - "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 tangible and intangible assets and equity investments, net of payments for sales
5. Net Financial Debt = a+b+c

The table below shows the main economic indicators of the Group at 30 September 2022, compared with the same period of the previous year.

For the calculation of ROE and ROI, it was considered appropriate to use an annual "rolling" approach, using as the reference the net profit and operating income from 1 October 2021 to 30 September 2022 for the data at 30 September 2022, and 1 October 2020 to 30 September 2021 for the figures at 30 September 2021.

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Interim Report on Operations at 30 September 2022