Interpump S p A : CONSOLIDATED RESULTS AT 30/09/2020

PRESS RELEASE

INTERPUMP GROUP APPROVES

THE CONSOLIDATED RESULTS AT 30 SEPTEMBER 2020:

A QUARTER OF RECOVERY

Chairman Fulvio Montipò: "The third quarter registered a much-awaited improvement compared to the previous periods; in this quarter, Interpump improved the EBITDA margin, achieved a very good cash generation, and reduced net debt"

DATA FOR THE THIRD QUARTER OF 2020:

NET SALES: € 314.7 million (€ 322.9 mn in Q3 2019)

EBITDA: € 76.0 million (€ 78.1 mn in Q3 2019)

EBITDA/SALES: 24.2% (24.2% in Q3 2019)

CONSOLIDATED NET PROFIT: € 39.5 million (€ 43.3 mn in Q3 2019)

DATA FOR THE FIRST NINE MONTHS OF 2020:

NET SALES: € 954.2 million (€ 1,026.1 mn in 9M 2019)

EBITDA: € 215.3 million (€ 240.3 mn in 9M 2019)

EBITDA/SALES: 22.6% (23.4% in 9M 2019)

CONSOLIDATED NET PROFIT: € 103.0 million (€135.5 mn in 9M 2019)

FREE CASH FLOW: € 148.6 million (€ 76.0 million in 9M 2019)

NET DEBT: € 310.7 million (€ 370.8 million at 31/12/2019)

(after € 28.2 mn dividends paid, € 48.4 mn disbursement for acquisitions and € 31.8 mn in purchases of treasury shares)

INTERPUMP GROUP S.p. A. - Via E. FERMI, 25 - 42049 S. ILARIO - REGGIO EMILIA (ITALY) - TEL.+39,0522,904311 FAX. +39,0522,904444 - E- mail [e-mail]

CAP. SOC. Euro 56,617,232.88 I. V. - REG. IMPRESE R. E. - COD. FISCALE 11666900151 - C.C.I. A.A. R.E. A. N. 204185

S. Ilario d'Enza, 10 November 2020 - The Board of Directors of Interpump Group S.p.A. met today and approved the consolidated Interim Report at 30/09/2020.

Q3 2020 RESULTS

Net Sales for the third quarter of 2020 totaled 314.7 million euro, a decrease of 2.5% from the 322.9 million euro in the corresponding period of 2019.

Sales by business sector and geographical area were as follows:

(€/000)
					Rest of
Q3 2020		Rest of	North	Pacific	the
Italy	Europe	America	Area	World	Total
Hydraulics	38,836	74,948	49,958	30,238	21,293	215,273
Water-Jetting	8,085	38,943	30,866	14,832	6,702	99,428
Total	46,921	113,891	80,824	45,070	27,995	314,701
Q3 2019
Hydraulics	39,320	72,772	56,366	19,408	18,962	206,828
Water-Jetting	9,901	42,422	36,168	18,955	8,656	116,102
Total	49,221	115,194	92,534	38,363	27,618	322,930

Organic growth, at unchanged perimeter and before the currency exchange, was -10.8%(-13.1% for Water-Jetting and -9.5% for Hydraulics)

EBITDA amounted to 76.0 million euro (24.2% of sales) compared to 78.1 million euro in the third quarter of 2019 (also 24.2% of sales)

Consolidated Net Profit for the third quarter of 2020 was 39.5 million euro, compared to 43.3 million euro for Q3 2019.

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CONSOLIDATED RESULTS FOR THE FIRST NINE MONTHS OF 2020

Net Sales for the first nine months of 2020 totaled 954.2 million euro, a decrease of 7.0% from the 1,026.1 million euro in the corresponding period of 2019.

Sales by business sector and geographical area were as follows:

(€/000)

					Rest of
		Rest of	North	Pacific	the
9M 2020	Italy	Europe	America	Area	World	Total
Hydraulics	118,689	229,474	161,053	82,686	52,983	644,885
Water-Jetting	26,238	114,229	98,201	43,804	26,880	309,352
Total	144,927	343,703	259,254	126,490	79,863	954,237

9M 2019

Hydraulics	137,819	245,069	168,701	63,170	66,472	681,231
Water-Jetting	30,990	128,143	110,518	46,772	28,479	344,902
Total	168,809	373,212	279,219	109,942	94,951	1,026,133

Organic growth, at unchanged perimeter and before the currency exchange, was -16.2%(-19.3% in Hydraulics, -10.2% in Water-Jetting)

EBITDA amounted to 215.3 million euro (22.6% of sales) compared to 240.2 million euro in the first nine months of 2019 (23.4% of sales). The following table sets out EBITDA by business sector:

	9M 2020	% on	9M 2019	% on
	€/000	sales	€/000	sales	Change
Hydraulics	132,885	20.6%	144,598	21.2%	-8.1%
Water-Jetting	82,369	26.5%	95,687	27.6%	-13.9%
Total	215,254	22.6%	240,285	23.4%	-10.4%

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Operating income (EBIT) was 148.5 million euro compared to 189.1 million euro in the first nine months of 2019.

Consolidated Net Profit for the first nine months of 2020 was 103.0 million euro (was 135.5 million euro in 9M 2019).

Net cash flow from operating activities was 182.5 million euro (195.3 million euro in the corresponding period of 2019). Free cash flow in the first nine months amounted to 148.6 million euro (76.0 million euro in the first nine months of 2019).

Net debt at 30 September 2020 was 310.7 million euro (370.8 million euro at 31 December 2019). In the first nine months of the year, 31.8 million euro were spent in treasury shares, while disbursments for acquisitions amounted to 48.4 million euro. Additionally, at the end of September the Group had commitments for the acquisition of stakes in subsidiaries for a total of 58.0 million euro (54.3 million euro at 31/12/2019).

Capital employed went from 1,480.2 million euro at 31 December 2019 to 1,478.1 million euro at 30 September 2020, due to the opposite effects of the reduction of net working capital, on one side, and the acquisition of Transtecno on the other. Non-annualizedROCE was 10.0% (13.7% in 9M 2019). Non- annualized ROE was 9.3% (14.2% in 9M 2019).

At 30 September 2020 Interpump Group S.p.A. had 1,770,006 treasury shares in its portfolio, representing 1.625% of total share capital, purchased at an average cost of € 26.171.

UPDATE ON COVID-19 PANDEMIC

The third quarter and the following weeks saw the continuation of the much-awaited increase trend in both sales and orders, which brought as a consequence the pickup of activity at all Group production sites.

Thanks also to strict compliance with safety provisions, both legal and corporate, Interpump's working environments can be considered to be at almost negligible risk of infection. The only fatal case of Covid- 19 among the Group's 8,000+ employees, registered in the United States, has been traced back to a contagion occurred outside of the workplace.

Pursuant to Article 65-bis, paragraph 2 of Consob Deliberation 11971/1999 as modified and supplemented, the Interim Report at 30 September 2020 is available to the public at the Group's registered office and may be also be consulted on the "Financial Statements and Reports" page in the

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