Source: El.En. September 2018

El.En. SpAItaly

50%

100%

70%

100%

85%

60%

Quanta System SpA

Italy

Lasit SpAItaly

DEKA S.a.r.l.France

Penta Laser Europe SrlItaly

OT-LAS SrlItaly

ASA SrlItaly

50%

100%

Cutlite do Brasil LtdaBrazil

98,27%

55%

100%

Esthelogue SrlItaly

96,65%

50%

78,85%

100%

100%

IND-MED MEDICAL INDUSTRIAL OTHER

DEKA Co LtdJapan

55%

50%

Penta-Laser EquipmentWenzhou Co. Ltd

China

53,535%

Accure Quanta Inc.USA

100%

Merit DueItaly

100%

B O A R D M E M B E R S O W N E R S H I P

AUDITING COMPANY

DELOITTE & TOUCHE SPA

BOARD OF D IRECTORS

Chairman Gabr ie le C lement i

Andrea Cang io l iBarbara Bazzocch i

Board Members Fab ia Romagno l i ( Independent )

Miche le Legna io l i ( Independent )A lber to Pecc i (Not Execut ive)

INTERNAL CONTROL COMMITTEE

Fab ia Romagno l iM iche le Legna io l i

A lber to Pecc i

GROUP STRUCTURE

CORPORATE GOVERNANCE

SHAREHOLDERS

COMPANY PROFILE

SPECIALIST BROKER

CODE OF

CONDUCT ON INSIDER DEALING

El.En. S.p.A. is an Italian hi-tech industrial group operating in opto-electronics with proprietary technologies

and know-how developed over 35 years of experience. We are an international group counting more than 20

companies active worldwide in several market segments involving laser technologies applications.

Since its foundation El.En. constantly increased its turnover, leveraging and expanding its global presence.

We benefit of a worldwide distribution network, count over 1.200 employees and more than 35,000 installed

laser sources.

We design, manufacture and sell on a global basis:

Ÿ medical laser devices used in dermatology, surgery, aesthetics, physiotherapy, dentistry and

gynecology;

Ÿ industrial laser systems for applications ranging from cutting, marking and welding of metals, wood,

plastic and glass to the decoration of leather, paper, cardboard and fabrics;

Ÿ laser systems for the conservation of the cultural heritage.

El .En. SpA v i a B a l d a n z e s e , 1 75 0 0 4 1 C a l e n z a n oF i r e n z e - I t a l yt e l . : ( + 3 9 ) 0 5 5 . 8 8 . 2 6 . 8 0 7f a x . : ( + 3 9 ) 0 5 5 . 8 8 . 3 2 . 8 8 4

The directors and others relevant persons must report all transactions completed with a value equal to Euro 20.000 or more within any given calendar year.

INVESTOR RELATIONS MANAGER

ENRICO ROMAGNOLI

TEL: (+39) 055-8826807

FAX:(+39) 055-8832884

finance@elen.it

INVESTOR RELATIONS

Rome - Tel: (+39) 06 69923324

E-mail: polytemshir@polytemshir.it

STATUTORY AUDITORS

Permanent AuditorsPaolo Casel l i

R i ta Pelagot t i

33% 50%

17%

Independent 33%

Executive 50%

Not Executive 17%

Source: EL.EN. May 2018

Andrea Cangioli

2.927.688 shares

Gabriele Clementi

1.885.122 shares

Barbara Bazzocchi

988.496 shares

Alberto Pecci

2.078.456 shares

Michele Legnaioli

640 shares

INTERMONTE S IM S.p.A.

Managing Directors

5,12%

9,77%

15,17%

7,51%

Andrea Cangioli 15,17%

Gabriele Clementi 9,77%

Barbara Bazzocchi 5,12%

Alberto Pecci 10,77%

Immobiliare del Ciliegio Srl 7,51%

Kempen Oranje partecipaties nv 5,80%

Market 45,86%

45,86%

5,80%

PresidentVincenzo Pi l la

GENERAL MANAGERPaolo Salvadeo

10,77%

Cutlite Penta SrlItaly

Asclepion LaserTechnologies GmbH

Germany

Pharmonia srlItaly

DEKA M.E.L.A. SrlItaly

Penta-Chutian Laser (Wuhan) Co. Ltd

China

100%

WITH US Co LtdJapan

BRCTUSA

DEKA Medical Inc.USA

CONSOLIDATED INCOME STATEMENT

30/06/2018 Inc % 30/06/2017 Inc % Var. %

Revenues 160.637 100,00% 142.877 100,00% 12,43%

Change in inventory of finished goods and WIP 10.411 6,50% 5.208 3,60% 99,90%

Other revenues and income 1.539 1,00% 1.661 1,20% -7,36%

Value of production 172.587 107,40% 149.746 104,80% 15,25%

Purchase of raw materials 107.046 66,60% 79.766 55,80% 34,20%

-11.674 -7,30% -237 -0,20% 4832,67%

Other direct services 12.514 7,80% 10.708 7,50% 16,87%

Gross margin 64.701 40,30% 59.509 41,70% 8,72%

Other operating services and charges 21.243 13,20% 17.977 12,60% 18,16%

Added value 43.458 27,10% 41.532 29,10% 4,64%

Staff cost 28.109 17,50% 26.062 18,20% 7,85%

EBITDA 15.349

Change in inventory of raw material

9,60% 15.469 10,80% -0,78%

Depreciation, amortization and other accruals 2.618 1,60% 2.335 1,60% 12,13%

EBIT 12.731 7,90% 13.134 9,20% -3,07%

Net financial income (charges) 474 0,30% -2.204 -1,50%

Share of profit of associated companies -109 -0,10% -49 0,00% 123,17%

Other non-operating income (charges) -6 0,00% 0 0,00%

Income (loss) before taxes 13.090 8,10% 10.881 7,60% 20,30%

Income taxes 3.681 2,30% 2.824 2,00% 30,37%

Income (loss) for the financial period 9.409 5,90% 8.057 5,60% 16,77%

Net profit (loss) of minority interest 1.957 1,20% 2.047 1,40% -4,40%

Net income (loss) 7.452 4,60% 6.010 4,20% 23,99%

0

2.000

4.000

6.000

8.000

10.000

12.000

14.000

16.000

15.469 15.349

30/06/201830/06/2017

Source: El.En. S.p.A.

EBITDA

0

10.000

20.000

30.000

40.000

50.000

60.000

70.000

80.000

90.000

84.506

31/12/2017

Source: El.En. S.p.A.

NET FINANCIAL POSITION

65.796

30/06/2018

Medical sector 93.598 M€

Industrial sector 67.039 M€

Italy 30.757 M€

Europe 31.308 M€

Rest of the world 98.571 M€

REVENUES BREAKDOWN AT JUNE 30th 2018

58,27%

41,73%

19,49%

61,36%

19,15%

NET FINANCIAL POSITION

155

30/06/2018 31/12/2017

Cash and cash equivalents 77.274 99.388

Short term financial receivables 126

Financial short term liabilities -5.435 -9.161

Net current financial position 71.965 90.381

Financial long term liabilities -6.169 -5.875

Net financial position 65.796 84.506

STATISTICS AND INDICES

N. shares traded (split adjusted)

Sep 2018

Biolase

Cutera

Source: El.En. S.p.A.

COMPARABLES

Han’s Laser

IPG

Prima Industr ie

€ 45.696.643€ 2.176.031

96.657 93.163

€ 659.638.279€ 2.617.612

24.260.829 1.956.430

YoY (Oct 16, 2017-Oct 15,2018)

Sisram Medical

Last price (15/10/2018)

Range(-1 Y):

Stock performance

FTSE IT STAR Index performance

17,70

-1 Y-6 M-1 M

-1 Y-6 M-1 M

max 34,54 (03/05/18) min 17,70 (15/10/18)

- 25,00%- 47,51%- 22,10%

- 11,67%- 10,29%- 11,56%

STOCK PERFORMANCE

Source: Borsa ItaliaFTSE IT STAR

Jan 2018

40%

0K

250K

10%

May 2018

30%

500K

Sep 2018

El.En.

20%

0%

-10%

-20%

Company: EL.EN.SPA

Borsa MTAX

ISIN - IT0005188336

Ticker - ELN

Share capitalNO. SHARESof which: -Ordinary shares

-Preferred sharesNominal value Capitalization (15/10/2018)Minimum amount tradedDate of quotationIPO

2.508.671

19.297.472 00000000,13

111/12/200029,9 mil euro

SectorElectronic & Electrical Equipment

Sub-SectorElectronic Equipment

Latest dividend€ 0,40

Ex-dividend date30/05/2018

345 mil euro

KEY F IGURESSTOCK INFORMATION

C O P Y R I G H T 2 0 1 6 - A L L R I G H T S R E S E R V E D P O LY T E M S H I R©

Note: The information shown are organized in conformity with the international accounting principles, IAS/IFRS. All amounts are expressed in thousands of Euro, unless otherwise stated.

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Code

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