Produced by Banca Akros and distributed by Members of ESN For important disclosure information, please refer to the disclaimer page of this report All ESN research is available on Bloomberg,DS <GO>, LSEG, S&P Capital IQ, FactSet, AlphaSense Avio Sponsored Research Investment Research Italy | Industrial Goods & Services Company Flash Note Reason: Company newsflow 1 December 2025 Shareholders Leonardo 19%; Analyst(s) Andrea Bonfà andrea.bonfa@bancaakros.it +39 02 4344 4269 Key player in ongoing space &…

1 AVIO S.P.A. EXTRAORDINARY SHAREHOLDERS’ MEETING 3 March 2026 (single call) Explanatory report of the Board of Directors pursuant to Article 125-ter of Legislative Decree No. 58 of 24 February 1998, as subsequently amended (“TUF”), and Article 72 of the Regulations adopted by Consob with Resolution No. 11971 of 14 May 1999, as subsequently amended (“Issuers’ Regulations”), on the sole item on the agenda: Amendment of Articles 11, 12, 14, 16, 17 and 22 of the By-laws. Related and consequent resolutions…

1 KEY INFORMATION (THE “KEY INFORMATION”) PURSUANT TO ARTICLES 122 OF LEGISLATIVE DECREE NO. 24 OF 24 FEBRUARY 1998, No. 58 (THE “TUF”) AND 130 OF THE REGULATION ADOPTED BY CONSOB RESOLUTION NO. 11971 OF 14 MAY 1999 (THE “ISSUERS’ REGULATION”) AVIO S.P.A. Introduction On 24 February 2026, Leonardo S.p.A. (“Leonardo”), In Orbit S.p.A. (“In Orbit”), owned by certain directors/executives of Avio S.p.A. (“Avio” or the “Company”), and RBC Holding S.r.l. (“RBC” and, together with Leonardo and In Orbit, the …

AVIO S Avio S.p.A. Registered office in Rome, via Leonida Bissolati No. 76 Share Capital Euro 90,964,212 fully paid-in Rome (RM) Companies Registration Office No.: 09105940960 2018 HALF-YEAR REPORT Contents 2 CONTENTS HIGHLIGHTS 4 LETTER TO THE SHAREHOLDERS 5 DIRECTORS’ REPORT 7 The Avio Group 8 Profile 9 Corporate Boards and Committees 12 Recent History 13 Business divisions 15 International presence 15 Strategy 16 Shareholders 18 H1 2018 19 Significant events 20 Market performance and operations 24 Group…

Avio Equity MID CORPORATE See page 8 for full disclosure and analyst certification Intesa Sanpaolo is Specialist to Avio 20 September 2024: 13:00 CET Date and time of first circulation Positive Business Cycle Ahead, Focus on Execution Avio’s 1H24 results met our estimates, full-year guidance was confirmed and looks feasible. Strategic initiatives have started to bear fruits and we believe that all the pieces of the puzzle for a new expansion cycle are in place. Now it is a matter of execution. Focus should…

2020 RESULTS IN LINE WITH COMPANY GUIDANCE, BACKLOG AND CASH IMPROVED VEGA TO LAUNCH AGAIN IN APRIL

Today the first two contracts of Italy’s implementation of the “Next Gen EU” initiatives for Space were awarded to Avio.

DIRECTORS’ REPORT TO THE ORDINARY SHAREHOLDERS’ MEETING OF APRIL 28, 2023 DRAFTED AS PER ARTICLE 125-TER OF LEGISLATIVE DECREE NO. 58 OF FEBRUARY 24, 1998, AS AMENDED. INTRODUCTION Article 125-ter of Legislative Decree No. 58 of February 24, 1998 (the “CFA”) requires the governing body – where not already so required by other statutes – to make a report on the orders of business on the Agenda available to the public at the company’s registered office, on its website and according to the other methods…

1 DIRECTORS’ REPORT TO THE ORDINARY SHAREHOLDERS’ MEETING OF MAY 6, 2020 DRAFTED AS PER ART. 125-TER OF LEGISLATIVE DECREE 58 OF FEBRUARY 24, 1998, AS AMENDED. INTRODUCTION Article 125-ter of Legislative Decree 58 of February 24, 1998 (the “Consolidated Finance Act” or “CFA”) requires the governing body – where not already so required by other statutes – to make a report on the orders of business on the agenda available to the public at the company’s registered office, on its website and according to the…

AVIO Relazione sulla Remunerazione2024 1 Remuneration Policy and Report in accordance with Article 123-ter of the CFA and 84-quater of the Consob Issuers’ Regulation Issuer: Avio S.p.A. website: www.avio.com Approved by the Board of Directors on March 13, 2025 http://www.avio.com/ 2 CONTENTS INTRODUCTION ................................................................................................................................................................. 4 EXECUTIVE SUMMARY …