Prima Industrie : Interim Financial Report as of March 31, 2022

CONTENTS

CHAPTER 1. PARENT COMPANY GOVERNANCE ________________________________________________________ 3

CHAPTER 2. PRIMA INDUSTRIE GROUP STRUCTURE____________________________________________________ 6

CHAPTER 3. PRIMA INDUSTRIE GROUP PROFILE _______________________________________________________ 8

CHAPTER 4. INTRODUCTION______________________________________________________________________ 10

CHAPTER 5. GROUP INTERIM MANAGEMENT REPORT _________________________________________________ 12

GROUP RESULTS SUMMARY ________________________________________________________________________________ 12

SIGNIFICANT EVENTS OF THE PERIOD _______________________________________________________________________ 12

ECONOMIC PERFORMANCE ________________________________________________________________________________ 13

FINANCIAL PERFORMANCE_________________________________________________________________________________ 16

BUSINESS PERFORMANCE__________________________________________________________________________________ 17

OUTLOOK OF OPERATIONS ________________________________________________________________________________ 17

EVENTS OCCURRING AFTER THE REFERENCE DATE OF THE FINANCIAL STATEMENT__________________________________ 17

CHAPTER 6. CONSOLIDATED FINANCIAL STATEMENTS OF PRIMA INDUSTRIE GROUP AS AT MARCH 31, 2022 ____ 19

CONSOLIDATED STATEMENT OF FINANCIAL POSITION __________________________________________________________ 19

CONSOLIDATED INCOME STATEMENT ________________________________________________________________________ 20

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ______________________________________________________ 21

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY ____________________________________________ 22

CONSOLIDATED CASH FLOW STATEMENT_____________________________________________________________________ 23

CHAPTER 7. EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT MARCH 31, 2022___ 25 ACCOUNTING TABLES FORM AND CONTENT __________________________________________________________________ 25

DRAFTING PRINCIPLES AND CRITERIA _______________________________________________________________________ 25

EXPLANATORY NOTES ____________________________________________________________________________________ 27

ANNEXES ______________________________________________________________________________________ 34

ANNEX 1 - CONSOLIDATION AREA___________________________________________________________________________ 34

ANNEX 2 -"NON-GAAP" PERFORMANCE INDICATORS ___________________________________________________________ 35

ANNEX 3 - CURRENCY EXCHANGE RATE______________________________________________________________________ 36

DECLARATION OF CONSOLIDATED FINANCIAL STATEMENTS AS AT MARCH 31, 2022 ________________________ 37

CHAPTER 1. PARENT COMPANY GOVERNANCE

Board of Directors	Gianfranco Carbonato
EXECUTIVE CHAIRMAN
	(*)
DEPUTY EXECUTIVE CHAIRMAN	Domenico Peiretti
	(*)
MANAGING DIRECTOR	Ezio Giovanni Basso
INDEPEDENT DIRECTORS	Donatella Busso
	Francesca de Fraja Frangipane
	Paola Gatto
	Carlalberto Guglielminotti
	Giuliana Mattiazzo
OTHER DIRECTORS	Mario Mauri
	Michael R. Mansour
	Lisa Tan
Control and Risks Committee and
Related Parties Committee
CHAIRMAN	Donatella Busso
MEMBERS	Francesca de Fraja Frangipane
	Paola Gatto
Remuneration Committee
CHAIRMAN	Francesca de Fraja Frangipane
MEMBERS	Mario Mauri
	Paola Gatto

Strategic Committee
CHAIRMAN	Domenico Peiretti
MEMBERS	Carlalberto Guglielminotti
	Giuliana Mattiazzo
	Michael R. Mansour
	Mario Mauri
Board of Statutory Auditors
CHAIRMAN	Roberto Coda
AUDITORS	Fabio Avenale
	Margherita Spaini
DEPUTY AUDITORS	Maria Luisa Fassero
	Alessandro Sabolo
Audit Company
PricewaterhouseCoopers S.p.A.

Expiry of Mandates The Board of Directors shall remain in office until the approval of 2022 Financial Statements. The Board of Statutory Auditors shall remain in office until the approval of 2024 Financial Statements. The Audit Company was appointed by the Stockholders' Meeting held on April 11, 2017, for the period 2017-2025.

1. The Executive Chairman and the Executive Deputy Chairman were also assigned the position of Chief Executive Officer

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