Rome, 9 May 2023 – The Board of Directors of Avio S.p.A. today reviewed and approved the Q1 2023 results.

Rome, March 13th, 2023 – The Board of Directors of Avio S.p.A. today reviewed and approved the company and group consolidated financial statements of Avio S.p.A. as of December 31, 2022.

9M 2022 HIGHLIGHTS

VEGA READY FOR THE FIRST COMMERCIAL FLIGHT

RESULTS IN LINE WITH GUIDANCE

• Net Order Backlog: Euro 870.2 million (+7% compared to September 2021 and in line with December 2021)

• Net Revenues: Euro 219.9 million (+11%)

• EBITDA Adjusted: Euro 10 million (-15%)

• EBITDA Reported: Euro 6.5 million (-19%) • EBIT Adjusted: Euro -4.2 million (N.m.)

• EBIT Reported: Euro -7.7 million (N.m.)

FIRST HALF 2022 RESULTS
SUCCESSFUL VEGA C QUALIFICATION FLIGHT OPENS UP SUBSTANTIAL NEW BUSINESS OPPORTUNITIES
REVENUES UP WHILST PROFITABILITY IS IMPACTED BY RISING ENERGY COSTS

Q1 2022 HIGHLIGHTS 

VEGA C NEARING MAIDEN FLIGHT, VEGA E ENGINE SUCCESSFULLY TESTED INCREASE IN REVENUES EBITDA IMPACTED BY ENERGY PRICES

• Order Backlog: Euro 819.3 million (-6.6% vs Dec. 21)

• Revenues: Euro 65.9 million (+25.2% vs Q1 21)

• EBITDA Reported: Euro 0.2 million

• EBITDA Adjusted: Euro 1.2

• EBIT Reported: Euro -5.1 million

• EBIT Adjusted: Euro -4.1 million

• Net Cash Position: Euro 28.5 million (-50.1% vs Dec. 21)

2021 RESULTS IN LINE WITH COMPANY GUIDANCE

BACKLOG IMPROVED, STABLE CASH POSITION

Highlights

VEGA READY FOR THE THIRD FLIGHT OF THE YEAR

SLOW DOWN IN PROFITS WITH INCREASING BACKOLOG 2021 GUIDANCE CONFIRMED

• Net Order Backlog: Euro 810.7 million (+10% compared to December 2020 and +29% compared to September 2020)

• Net Revenues: Euro 197.8 million (-8%)

• EBITDA Adjusted: Euro 11.8 million (-49%) • EBITDA Reported: Euro 8.0 million (-54%)

• EBIT Adjusted: Euro -3.8 million (N.m.) • EBIT Reported: Euro -7.6 million (N.m.)