Erredue S.p.a. · MIL:RDUE
Erredue — NextGems Milan 2026
22 slides from Erredue's conference presentation, Oct 21, 2026
Slide 1: NextGems Milan
NEXTGEMS MILAN 21 October 2026 st
Slide 2: Speakers
SPEAKERS FRANCESCA ENRICO D’ANGELO BARONTINI Chairman Chief Executive Officer ELIANA BOLLINO LETIZIA MENASCI Investor Relator Officer Head of controller
Slide 3: Three Strategic Pillars
THREE STRATEGIC PILLARS ENERGY INDUSTRIAL LAB
Slide 4: Products Portfolio
PRODUCTS PORTFOLIO
Slide 5: Advantage Value
RELIABILITY Our reliability is built on robust solutions, proven technologies, and rigorously tested processes, ensuring consistent performance, operational safety, and long-term dependability. Scalable by design, our solutions enable flexible deployment and seamless expansion across a wide range of
Slide 6: Vertically Integrate Business
VERTICALLY INTEGRATE BUSINESS All design and manufacturing know-how is in-house. ErreDue's production department is able to produce gas generators of different sizes and related accessories in a short time. ELECTORLYTIC STACKS 1 METAL SHELL ELECTRIC SYSTEM 2 5 4 3 PROCESS SOFTWARE COMPONENTS
Slide 7: Industrial & Lab Applications
INDUSTRIAL & LAB APPLICATIONS
Slide 8: Energy Transition Application
ENERGY TRANSITION APPLICATION
Slide 9: Financial Key Factors 1H2026
FINANCIAL KEY FACTORS 1H2026
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS +96.7% €14.21M VS €7.22M SALES REVENUES VALUE OF PRODUCTION +90.2% €17.02M VS €8.95M +127% EBITDA EBITDA MARGIN €4.11M VS €1.81M | 28.9% EBIT +263.4% €3.16 M VS €0.87™M
Slide 11: Sales Revenues Breakdown
SALES REVENUES BREAKDOWN 10.6% 75.9% 13.9% 1H2026 BY PRODUCT BY BUSINESS AREA 10.9 Hydrogen and % Energy transition other products €8.08M €10.7M 13.6% 75.5% 9,8% 9.8% 75.4% 13.6 15,8% Industrial Assistance and €1.17M 14.9% 10.9% 14,9% spare parts 10.9% €2.1M 14.9% 75.5% Laboratory €1.46M Generator 8
Slide 12: Geographic Revenue Breakdown
GEOGRAPHIC REVENUE BREAKDOWN
Slide 13: Recurring Revenues
RECURRING REVENUES AFTER MARKET 1H2026 • Highly specialized Technical Department takes care of clients along all the journey, from plant design to 1H Comparison (EM) & Growth Analysis installation, and keeps following it in the after market. • Generators can only and exclusively be maintained by Err
Slide 14: Financial KPI
FINANCIAL KPI 1.Capex (M) 2. Roic (M) 25% 2,04 19% 7.33 28% 20% 14,9 24.9 4.7 4.37 19.8 14.6 14.9 2.04 0.71 0.04 0.0 6.3 0.08 4.1 3.8 3.0 Runrate 3. Trade Working Capital (M) 4. Cash & Cash Equivalents vs Financial Debt (M) 0 7.3 5.2 6,3 4,1 3,8 4.4 17.3 6.89 5.66 14.6 10.8 5.8 16.3 4.8 23.8 3.8 7.2
Slide 15: Strategic Growing
STRATEGIC GROWING SIMEST NEW PRODUCTION SITE MASE 60 4 17.000sqm plants per year production lines new area increasing to 27.000 sqm total area
Slide 16: Backlog at 30 June 2026
BACKLOG AT 30 JUNE 2026 Backlog 2026-2027 Sales revenues Recurring revenues 27 Mil € al 30/06/2026 16 Mil € · 3 business unit 11 Mil 3.500 + 7.500 (2027) ENERGY INDUSTRY LAB Recurring Ricavi revenues ricorrenti Recurringrevenues Ricavi ricorrenti 2027 30.000 27.0M 25.000 7.5 20.000 3.5 14.2M 1.5 k€
Slide 17: Market Overview: Energy Transition & Hydrogen Ecosystem
MARKET OVERVIEW: ENERGY TRANSITION & HYDROGEN ECOSYSTEM Hydrogen as the core vector for industrial decarbonization and renewable energy integration. WATER ELECTROLYSIS COMPRESSION STORAGE RENEWABLE ENERGY (PEM & ALKALINE) MOBILITY & ENERGY STORAGE & HEAVY TRANSPORT GRID SERVICES INDUSTRY Powering he
Slide 18: Strategic Market Initiative: Global Expansion
STRATEGIC MARKET INITIATIVE: GLOBAL EXPANSION Leveraging increased production capability to capture international demand and consolidate market leadership. EXTRA-EU SALES GLOBAL ALLIANCES ACCELERATION & DISTRIBUTION Active partnership agreements and commercial scouting across Western +104.9% YoY gro
Slide 19: H2 Policy Approaches
H2 POLICY APPROACHES: FINANCIAL INCENTIVES & GEO-STRATEGY CONTRACTS FOR EFFICIENCY-DRIVEN GEOPOLITICAL DIFFERENCE (CFD) SCHEMES INDEPENDENCE
Slide 20: ErreDue Competitive Advantage & Technology Leadership
ERREDUE COMPETITIVE ADVANTAGE & TECHNOLOGY LEADERSHIP Proprietary hybrid technology delivering unbeatable energy efficiency and gas purity. SATURN NITROGEN GENERATORS MEGAWATT GREEN HYDROGEN (ULTRA-PURE N₂) ELECTROLYSERS (PEM & ALKALINE) PROPRIETARY HYBRID TECH Combines PSA with hydrogen purificatio
Slide 21: Market Overview: Laboratory Division
MARKET OVERVIEW: LABORATORY DIVISION Fast-growing market segment with global expansion potential. MARKET DYNAMICS Global Laboratory Instruments Market projected to reach USD 529-567 milion by 2033 (6,6% -8,4% CAGR). ERREDUE PERFORMANCE (1H2026) Revenue half of 2026 versus the previous semester, conf
Slide 22: Thanks for Attention
THANKS FOR ATTENTION