Risultati al 30 settembre 2021 (Presentazione)

3Q/9M2021 Results Presentation

Rome, 5 November 2021

Agenda

>	Key messages	Alessandro Profumo, Chief Executive Officer
>	3Q/9M2021 Results	Alessandra Genco, Chief Financial Officer
>	Update on Aerostructures	Lucio Valerio Cioffi, General Manager

• Sector Results
• Appendix

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3Q/9M2021 Results Presentation

Key messages

• Solid nine-month results with strong and resilient military-governmental business, 87% of Group revenues

• 1. Solid Top Line growth (Orders +9%, Revenues + 6%)
• Results above 2019 levels on military-governmental
• Some positive signs in challenging civil aeronautics
• On track to deliver targets: FY21 Guidance confirmed
• Strong commitment to ESG with important achievements: first ESG-linked RCF signed in October and Leonardo appointed as Global Compact Lead for the second year in a row
• Strong foundations and core fundamentals giving confidence in medium-long term

© 2020 Leonardo - Società per azioni

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3Q/9M2021 Results Presentation

Solid 9M results and on track, above 2019 in military-governmental

Progressing well with our Plan: 2021 Guidance confirmed

CONTINUED STRONG COMMERCIAL PERFORMANCE AND SOLID BACKLOG PROVIDING LONG TERM VISIBILITY

SOLID RESULTS CONFIRMING OUR GROWTH PATH. POSITIVE SIGNS IN CIVIL

• Strong and resilient military/governmental
• Book to Bill ca. 1

REVENUES € 9.6bn

+6.0% YOY

25% 27%

48%

HELICOPTERS AERONAUTICS DEFENCE ELECTRONICS & SECURITY

BACKLOG* € 35.2 bn

26% 13% 29%

20% 12%

NORTH AMERICA REST OF EUROPE

REST OF WORLD UK ITALY

*not including Soft Backlog

EBITA € 607 mln

+22.1% YOY

• Driven by volume increase and lower impact from COVID
• Improved performance across the Group
• Aerostructures in line with expectations

ORDERS € 9.3 bn

+8.9% YOY

20% 24%

56%

HELICOPTERS AERONAUTICS DEFENCE ELECTRONICS & SECURITY

ROS 6.3%

+0.8 p.p.

• ROS without pass-through at 7.3% (vs 6.2% in 9M20)
• ROIC at 8.5% (vs 7.0% in 9M20)

© 2020 Leonardo - Società per azioni

• Improving and more linear cash flow profile in 9M21, at -€1.4bn, and on track to achieve FY2021 Guidance
• Strong liquidity and financial flexibility
• Net Debt 2021 Guidance confirmed at €3.2bn

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3Q/9M2021 Results Presentation

Signed the first ESG-linked financial instrument

NEW REVOLVING CREDIT FACILITY SIGNED IN OCTOBER 2021, THE FIRST TO BE ESG-LINKED

LINKED TO SPECIFIC ESG INDICATORS

IN LINE WITH LEONARDO'S SUSTAINABILITY STRATEGY, AT THE BASIS OF THE INDUSTRIAL PLAN

• € 2.4 bn credit line, composed of two tranches
• Maturity until 2026
• Oversubscribed for € 4.4 bn
• Including

1. Reduction of CO2 emissions

• 1. Promotion of employment of women with degrees in STEM disciplines
• Further milestone in Leonardo's commitment to sustainability and in the Group's disciplined financial strategy

© 2020 Leonardo - Società per azioni

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