Rome, 28 April 2023 – The Shareholders’ Meeting of Avio S.p.A. (below “Avio” or the “Company”), listed on the MTA/STAR segment of the Italian Stock Exchange, has been held today chaired by Mr. Roberto Italia. About 67% of the total share capital has intervened in the General Shareholders’ Meeting. The ordinary Shareholders’ Meeting has deliberated as follows.

• Approval of the 2021 Financial Statements

• Approval of the Euro 0.178 per share dividend distribution approved

• Approval of the Remuneration policy

• Confirmation of the appointment of Marcella Logli as Director of the Board

VEGA SUCCESSFULLY RETURNED TO FLIGHT WITH 2 MISSIONS
SLOWDOWN IN PROFITS WITH INCREASING BACKLOG

Highlights
Continuity of operations during COVID-19 lockdown in Italy
Return to flight with 2 Vega and 1 Ariane 5 missions completed in 2021
Vega C and Ariane 6 maiden flights expected by 2022

VEGA SUCCESSFULLY RETURNED TO FLIGHT

ROBUST BACKLOG AND CASH

- Avio S.p.A. approval of financial statements as of 31 December 2020
- Approval of a € 0.285 per share dividend
- Approval of the remuneration policy
- Share buyback plan authorization

Rome, 29 April 2021 - The Shareholders’ Meeting of Avio S.p.A. (below “Avio” or the “Company”), listed on the MTA/STAR segment of the Italian Stock Exchange, has been held today chaired by Mr. Roberto Italia. The ordinary Shareholders’ Meeting has deliberated as follows.

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

9M 2020 RESULTS IN LINE WITH EXPECTATIONS, AFFECTED BY COVID-19
2020 GUIDANCE CONFIRMED

• Net Revenues: Euro 216.1 million (-20% compared to the corresponding first nine months of 2019)
• EBITDA Adjusted: Euro 23.1 million (-9%)
• EBITDA Reported: Euro 17.5 million (-26%)
• EBIT Adjusted: Euro 10.3 million (-24%)
• EBIT Reported: Euro 4.7 million (-60%)
• Net cash position: Euro 26.2 million (Euro -31.8 million compared to 31 December 2019 and in line with 30 June 2020)

BUSINESS RESILIENT ACROSS COVID-19
VEGA SUCCESSFULLY RETURNED TO FLIGHT

Highlights
• Maintained continuity of operations during COVID-19 lockdown
• Successfully returned Vega to flight with SSMS (53 satellites in a single mission)
• Further Vega and Ariane 5 missions before end 2020
• Vega C and Ariane 6 maiden flights expected by first half and 2021 year-end, respectively

• Net Revenues: Euro 368.7 million (-5% on 2018)
• Reported EBITDA:  Euro 42.6 million (unchanged on 2018)
• Reported EBIT: Euro 26.5 million (-7% on 2018)
• Net Profit: Euro 27 million (+5% on 2018)
• Backlog: Eur

Vega return to fly in Q1 2020

Our growth trend continued in the first half of 2019, building on the Group’s 2018 results – stated Giulio Ranzo, Chief Executive Officer of Avio”.