Circle Spa · MIL:CIRC
Circle Spa — Investor Presentation (May 2026)
71 slides from Circle Spa's investor presentation, May 2026
Slide 1: Circle Group
Copyright Circle Group 2026 - All Rights Reserved
Slide 2: Circle Group is the right international partner for your business growth
is the right international partner for your smart, sustainable and Circle Group effective business growth providing innovative technological solutions for the automation and digitalisation of the entire supply chain, delivering high value consultancy services supporting public and private players to
Slide 3: Circle Group
Circle Group With distinctive vertical skills in port & intermodal logistics • We analyse the international port, road, rail, air and logistics policy framework and the most promising technological trends • We anticipate your future needs, providing you the best competitive advantage through innovat
Slide 4: Corporate overview: Key Facts (1)
Corporate overview Key Facts (1) CIRCLE GROUP SUPPLY CHAIN PROJECTS EUROPEAN FUNDED PROJECTS Establishment of Deal with EU DG MOVE for Purchase of 100% Listing on Circle SpA (MBO) European Commission Motorways of Progetto Adele Euronext of the Sea Advisory Plan Growth Milan* TOS projects for Termina
Slide 5: Corporate overview: Key Facts (2)
Corporate overview Key Facts (2) CIRCLE GROUP SUPPLY CHAIN PROJECTS EUROPEAN FUNDED PROJECTS Progetto Adele became Purchase of 51% of Magellan Partnership with UNTRR in Romania NEXT Freight Capital increase reserved for Purchase of 20% of Circle Group is expanding into the qualified Italian and Inst
Slide 6: CIRCLE Group overview: Highlights
CIRCLE Group overview Highlights CIRCLE Group, headed by CIRCLE S.p.A., is an international leader specialised in the analysis and development of innovative digital solutions for port and intermodal logistics, and further delivering international consultancy services that supports ports and logistic
Slide 7: Talents & team
Talents & team GENDER PERCENTAGE PEOPLE 175+ 38% 62% DIFFERENT NATIONALITIES WOMEN MEN + 9 Promoting diversity and inclusion from recruitment to professional development WORKPLACE AVERAGE AGE: 40 YEARS OFFICES: coworking & hot desking PEOPLE IN IT ROLES: 47% LEARNING INITIATIVES: on SMART WORKING: h
Slide 8: Corporate overview: Group Structure
Corporate overview Group Structure Digital Transport Document (e-CMR / e-DDT) Intermodal Logistics Ports / Maritime Road Hauliers in Romania Complementary technologies / Processes Optimization EU Consultancy Gate Automation & IoT / Infomobility / Telematics Interoperability with tolling business sys
Slide 9: Circle Group international coverage
Circle Group international coverage Offices ITALY Genoa | Milan | Rome | Trieste | Catania | Villanova d’Asti BELGIUM Brussels PORTUGAL Porto ROMANIA (partner) TURKEY, GREECE (partner) Iași | Bucarest Istanbul, Athens CIRCLE Group Headquarters in Genoa Covered Areas Copyright Circle Group 2026 - All
Slide 10: Financials: 2012-2025 Group revenues
Financials: 2012-2025 Group revenues * * Group Revenues 2025 € 25.1 mln * 2024 € 14.6 mln * Green numbers are related to Systematic M&A; Info.era (acquisition 01.01.2018), NextFreight (Progetto Adele) (acquisition 01.08.2019), Exyond (Log@Sea) (51% defined July 2020), MagellanCircle (51% at 31.05.22
Slide 11: R&D and Quality certification
R&D and Quality certification • 15% of Circle Group’s budget is dedicated to R&D and innovation projects, with a specific focus on the application of new technologies to solid multimodal transport projects. • Ongoing projects regarding Blockchain, IoT, e-Seals, Optimisation, Digital twin, Big data &
Slide 12: Business units & Lines of business
Business units & Lines of business BUSINESS UNITS Innovative and Smart Supply Chain Global Supply Chain Visibility European Affairs Consultancy Inland & Port Terminal Manufacturing EU Funding Accelerator Operators & Distribution MTO Strategic Communication Freight Forwarders & Rail Ecosystem and Adv
Slide 13: Circle | Connect Agile Growth
Circle | Connect 4 Agile Growth sea errclegroupied coun | toa Federated Supply Chain Ze ’ European Affairs Consultancy Supporting Public and Private entities in business development, ‘through international visibity and EU funds.
Slide 14: Nodes coverage
Nodes coverage Copyright Circle Group 2026 - All Rights Reserved
Slide 15: Innovative & Smart Supply Chain
INNOVATIVE & SMART SUPPLY CHAIN Inland and Port Terminal Operators Multimodal Transport Operators & Rail ecosystem Trucks Port Authorities & Communities Shipping Agencies Airport Communities
Slide 16: Clients and products
Clients and products Inland & Port Trucks Port Authorities and Terminal Operators Communities Shipping Agencies Multimodal Transport Operators & Rail Ecosystem Airport Communities *Supply Chain Federative Services, as cross-services for Innovative and Smart Supply Chain BU and Global Supply Chain Vi
Slide 17: Clients and products: Inland and Port Terminal Operators
Clients and products Inland and Port Terminal Operators Milos® TOS is a suite made up of several modules that achieve effective global management of a multipurpose terminal throughout fully digital streamlined processes and reliable federated interoperability with all the relevant stakeholder’s info
Slide 18: Gate Automation and Nodes Interoperability
Clients and products Gate Automation and Nodes Interoperability Digital platforms to simplify and automate procedures for managing advance notice and access through road and rail gates, integrated with payment and image recognition systems for classifying container codes, number plates, vehicle type
Slide 19: Success Cases: CILP & MIS
Success Cases Compagnia Impresa Lavoratori Portuali (CILP) & Magli Intermodal Service (MIS) Client & Needs Client & Needs Compagnia Impresa Lavoratori Portuali (CILP) provides Magli Intermodal Service (MIS) is a company specialising loading/discharging operations related to the management in intermo
Slide 20: Multimodal Transport Operators & Rail Companies
Clients and products Multimodal Transport Operators & Rail Companies Milos® MTO suite, made up of a set of integrated and interoperable modules, is capable of managing new rail connections, customer bookings, planning and execution of rail and intermodal transport as well as the full invoicing comme
Slide 21: Success Case: PSA Genova Prà
Success Case PSA Genova Prà The Client Needs & requirements PSA Genova Prà is part of PSA INTERNATIONAL, one of the Rail transport procedures at the terminal and all global leading port groups dealing with container terminal connected activities required optimisation. PSA needed a activities. It has
Slide 22: Trucks Companies
Clients and products Trucks Companies With over 15 years of experience in Value-Added Services for geolocation and heavy vehicle fleet management, it supports logistics, business optimization, and the safety of goods and personnel. It operates a telematics platform serving approximately 80,000 vehic
Slide 23: Data Management: Fleet Localisation
Data Management 2026 Fleet Localisation The map shows the geographical distribution of the vehicles 10+ 5 Generated served with Kmaster. Points highlighted in yellow indicate the BLN Events Managed BLN Alarms last position of each vehicle. 2,5 User Logins Geolocalised + 75K BLN in KMaster Vehicles Y
Slide 24: Port Authorities & Port Communities
Clients and products Port Authorities & Port Communities Our Extended Port Community System has been developed to act as a one stop shop, digitally connecting public and private players, effectively implementing port community processes. Including operators from the Customs Authority to the Coastgua
Slide 25: Success Case: Port of Trieste
Success Case Port of Trieste The Client Needs & Requirements The Trieste Port area is comprised of “Porto Vecchio”, Improvement in the competitive position of the port “Porto Nuovo”, “Scalo Legnami” and “Zona Industriale” community was required, by providing effective tools to (characterised by tota
Slide 26: Shipping Agency
Clients and products Shipping Agency Milos® Suite Agency is a well proven program specifically tailored for all planning, management & documentation operations for ship agents. The fact that information is entered only once to cover various documents and figures regarding the actual port call taking
Slide 27: Federative Services
Federative Services Digital transformation is rapidly changing the global supply chain Every day Transport and Logistics operators need to adapt their operations, connecting their systems with an everchanging number of actors and solutions. Circle Group Federative Services enable quick and simple in
Slide 28: Dematerialisation of documents (e-CMR & e-DDT)
Clients and Products Dematerialisation of documents (e-CMR & e-DDT) e-CMR is the electronic version of CMR (Convention des Marchandises par Route), the document governing the international carriage of goods by road. The e-CMR plays a key role for traceability, regulatory compliance and verification
Slide 29: Optimisation & AI
Optimisation & AI Crosswise & added value tools Milos® Intelligence is a set of compatible and integrable solutions that bolster Supply Chain planning, optimization, and management through the combination of Optimization, Simulation and Artificial Intelligence. These services provide invaluable assi
Slide 30: Success Case: AdSP & Fuorimuro
Success Case AdSP & Fuorimuro The Client Needs & Requirements Autorità di Sistema Portuale del Mar Ligure Occidentale As many ports, Port of Genoa faces challenges in rail (AdSP MLOc) is the authority responsible for managing traffic management due to limited space and resources, and coordinating th
Slide 31: Global Supply Chain Visibility
GLOBAL SUPPLY CHAIN VISIBILITY Manufacturing & Distributions Shippers & Freight Forwarders Customs Operators Air Cargo Operators
Slide 32: Clients and products
Clients and products Manufacturing & Distributions Air Operators Freight Forwarders Customs Operators Third Parties e-CMR platforms *Supply Chain Federative Services, as cross-services for Innovative and Smart Supply Chain BU and Global Supply Chain Visibility BU, are outlined in slide n°29 Copyrigh
Slide 33: Manufacturing & Distribution
Clients and products Manufacturing & Distribution Milos® Global Supply Chain Visibility is an innovative modular suite designed to meet the necessity of shippers to obtain visibility of all information shared by the various figures involved in the supply chain. It uses an interactive dashboard calle
Slide 34: Success Case: IKEA
Success Case IKEA Client and requirements Solution Ikea has a logistic hub in Piacenza (Italy), to which goods Thanks to its connectors, Milos® Global Supply Chain arrive from all over the world, addressed to stores based visibility suite makes real-time information from Port, in Italy, North Med an
Slide 35: Success Case: ITALIANSPED – Sacmi Group
Success Case ITALIANSPED – Sacmi Group Client and requirements Solution ITALIANSPED is a SACMI Group company specialising in Milos® Green Dashboard is a state-of-the-art platform forwarding, transport and integrated logistics services. designed to support companies in the sustainable The company, a
Slide 36: Green Dashboard
Green Dashboard An ADD ON service Milos® Green Dashboard is an digital platform for measuring and reducing logistics-related emissions. In today’s sustainability-driven logistics landscape, the Green Dashboard offers a strategic solution to track and minimize CO₂ emissions across multimodal transpor
Slide 37: Air Cargo Operators
Clients and products Air Cargo Operators CargoGate: The Cargo Community System (CCS) platform developed to facilitate the exchange of electronic messages between logistics providers and air cargo carriers. HandlerGate: The Cargo Management System designed to streamline and optimize collaboration bet
Slide 38: AIR Fast Transfer: SEA Malpensa
AIR Fast Transfer SEA MALPENSA Client and requirements Solution SEA is the operating company of Milan Malpensa and Implementation of a Fast Transfer to apply the customs Linate airports and offers cargo services including air cargo corridor model already used in the maritime sector. handling, auxili
Slide 39: Freight Forwarders
Clients and products Freight Forwarders MasterSPED® is the evolutive platform developed specifically for Freight Forwarders and Customs Operators, integrated with goods tracking systems (also using IoT devices) and with intermodal transport informative systems (air, rail, road, maritime). MasterSPED
Slide 40: Success Case: Dematerialisation for Freight Forwarders
Success Case Dematerialisation for Freight Forwarders Together with ACCUDIRE, Circle Group has developed a complete digitalisation with the new e-CMR system, for the realisation of an integrated digital platform able to help the actors along the global logistics supply chains in the exchange of info
Slide 41: Success Case: Ricolfi & C. S.p.A.
Success Case Ricolfi & C. S.p.A. Client and requirements Solution Ricolfi & C. S.p.A. – Freight Forwarders was established in The solution provides full automation of the passive cycle: Naples in 1972 and within logistics in southern Italy it documents are collected, analyzed to extract data from PD
Slide 42: Success Case: GDT Logistics
Success Case GDT Logistics Client and requirements Solution GDT Logistic is an international forwarding agency The implementation of a new application of the operating in the food, chemical, plant and textile sectors. MasterSPED® platform provided the automation and Furthermore it is a C.A.D. (Custo
Slide 43: Success Case B.I: Iscotrans
Success Case B.I Iscotrans Client and requirements Solution Iscotrans is a global freight forwarder providing sea, air, With MasterBI®, a schedule was created to track customer and land transport, along with logistics and international invoices and calculate Days Sales Outstanding (DSO). The distrib
Slide 44: Customs Operators
Clients and products Customs Operators Through NEXT Customs, Circle Group delivers innovative customs technology solutions and services that provide a comprehensive and harmonized view of new legal frameworks and regulatory scenarios (both at the National and EU level), in order to make all supply c
Slide 45: Federative Services - Overview
Federative Services - Overview CLIENTS Multimodal Transport Shippers Freight Forwarders and Air Cargo Port and Inland Operators and Rail / Industries Customs Operators operators Terminals Companies • Digital Trade & Paperless • Edifact / Ediges engine • Booking regarding intermodal • Air Fast Transf
Slide 46: Pilot Projects on Customs Procedures
Pilot Projects on Customs Procedures International Fast & Secure Trade Lane Tarros & Terminal Need and requirements del Golfo The Client Through its Network, Tarros Group is able to offer a The digitalisation of port and logistic nodes is the key point personalised service to customers and, since 18
Slide 47: Milos Federative Ecosystem
MILOS® FEDERATIVE ECOSYSTEM Transport Federative Platform (TFP) eFTI Platform
Slide 48: Solutions & Services
Solutions & Services Milos® Transport Federative Platform is an innovative platform designed for the optimization and digitalization of transport and logistics flows. It enables real-time traffic flow tracking and supports dynamic simulations, proving particularly effective in the event of unforesee
Slide 49: Once & Full Digital
Once & Full Digital Copyright Circle Group 2026 - All Rights Reserved
Slide 50: Platforms & Rules eFTI
Platforms & Rules The eFTI platform is being developed in response to Regulation (EU) 2020/1056 on Electronic Freight Transport Information (eFTI), which aims to make the use of digital data mandatory in freight transport across all Member States by July 9, 2027. The goal is to create a digital and
Slide 51: Collaborative Ecosystem 9.0 Win Win
Collaborative Ecosystem (IT Decree D.L. Infrastrutture 73/2025) The 9.0 Milos WinWin collaborative ecosystem addresses the "DL Infrastrutture" (Art. 4 DL 73/2025), which mandates a strict 90-minute limit for loading/unloading operations and automatic penalties for delays. Its goal is to create a dig
Slide 52: Infomobility
INFOMOBILITY Public Administration Road network operators International data providers
Slide 53: Executive summary - Key Milestone
Executive summary - Key Milestone Telepass acquires Infoblu is APP for traffic 100% of Infoblu acquired by management eXyond Infoblu launches Incorporation of Foundation Market evolution commercial RDS TMC K-Master & Tolling Born 100% service in Italy Telepass Innova Infoblu NewGen 2024 - 2000 2005
Slide 54: Data Management
Data Management Infoblu NewGen is a leader in offering data-driven solutions and traffic information, designed to meet the needs of various sectors. Is the ideal partner for organizations looking to leverage traffic data to improve efficiency, safety, and sustainability. + 4.000.000 + 1.000.000.0000
Slide 55: DDS Traffic Information
DDS Traffic Information DSS Innova Traffic uses the vehicle as a "virtual" sensor to estimate movements on each section of the highway network. • Hourly estimation of traffic conditions on each individual highway section (ML and MP). • Performance calculation in terms of standard KPIs (service level
Slide 56: European Affairs Consultancy
EUROPEAN AFFAIRS CONSULTANCY EU Funding Accelerator Strategic Communication and Advocacy International Consultancy
Slide 57: Our Competencies
Our Competencies Identifying, in the light of a client's specific objectives, European funding opportunities Implement and manage multidisciplinary, innovative and customized contracts & projects, mobilising internal and external teams Design and implement strategies for communicating and disseminat
Slide 58: Clients and services
Clients and services We support public authorities & private companies operating in the field of EU FUNDING ACCELERATOR Environment Circular Economy INTERNATIONAL CONSULTANCY Ports Mobility Energy Transition Artificial Intelligence STRATEGIC COMMUNICATION AND ADVOCACY Transport & Logistics Copyright
Slide 59: Services approach
Services approach «Connect 4 Agile Growth» roadmap EU funding as a strategic tool for business development Communication Strategic customised Dissemination client Approach Exploitation Environment Communication Mobility & Circular & Dissemination Transport & Economy Logistics Project Multi Year Plan
Slide 60: EU Funding Accelerator
Clients and services EU Funding Accelerator Through expertise in project management, we support our clients in finding the best partners and in developing successful applications for funding. We have a profound knowledge and vast experience on Horizon Europe, CEF (Connecting Europe Facility), Innova
Slide 61: Strategic Communication and Advocacy
Clients and services Strategic Communication and Advocacy We assume the role of communication and dissemination leader for EU research, development and innovation projects in the field of port, maritime transport, environment and circular economy, leading initiatives for the brand reputation of inde
Slide 62: Success Case: Projects led
Success Case A selection of projects we have led during the last few years Projects | Communication Strategy design and implementation • PIONEERS • FLEET FOR 55 • FOREMAST • BlueBARGE • MARLEN • BOSS • RENEW • SEMAS • ACROSS • CLARION • EFTI4EU • WASTE2BIOCOMP • FUELS C • EFTI4ALL • AI4COPSEC • AUTO
Slide 63: International Consultancy
Clients and services International Consultancy Within worldwide international consortia, we provide specific qualified support for policy-making and strategic technical orientations in the field of port, maritime transport and specific IT applications in these domains (such as the EU Regulation on t
Slide 64: Success Case: e-FTI, EEA, EMS consultancy
Success Case A selection of projects we have led during the last few years e-FTI consultancy In our consultant role, we support the development of implementation specifications for the EU Regulation 2020/1056 on electronic freight transport information (eFTI). Circle supports the European Commission
Slide 65: Copyright Circle Group 2026 - All Rights Reserved
Copyright Circle Group 2026 - All Rights Reserved
Slide 66: Vision for the Future
VISION FOR THE FUTURE
Slide 67: Product evolution
Product evolution «Connect 4 Agile Growth» roadmap Milos for NOTARISATION (BLOCKCHAIN ) MACHINE LEARNING + ARTIFICIAL INTELLIGENCE Integrated DIGITAL TWIN GREEN dashboard BIG DATA Integrated TOS RAIL & YARD 3.0 MILOS GSCV SEMANTIC & ROBOTIC PROCESS AUTOMATION Free Zone integrated & ZES Milos OPTIMIS
Slide 68: Services evolution
Services evolution «Connect 4 Agile Growth» roadmap Defense Fund Midsize enterprise ESG investments Mission oceans International Tender Military mobility CEF 3 EU Funding Innovation fund Accelerator Environment & Circular Economy Strategic Mobility data spacess New formats & Segments Communication a
Slide 69: 2029 Geographical Expansion
2029 Geographical Expansion International Activities & Projects «CONNECT 4 AGILE GROWTH» ROADMAP • Development of a presence in some chosen foreign markets (Balkans, Morocco, Turkey, Egypt, Greece, Central Europe, Middle East) comparable to the distinctive one that we have in the Italian market • Th
Slide 70: Top clients
Top clients Copyright Circle Group 2026 – All rights reserved
Slide 71: Contacts
Contacts Genoa Trieste Milan Rome Piazza Borgo Pila 40 Via San Nicolò 4 Via Giovanni Battista Pergolesi Via Ofanto 18 16129 Genoa - ITALY 34121 26, 20124 00198 [email protected] Trieste ITALY Milan ITALY Rome ITALY Villanova d’Asti Catania Bucureşti Strada per Chieri 92, 14019 SS Primosole Angolo