INSIGHT ISSUE 02 | 2020

31 SALES for the first nine months of 2020 were €7,488 million, -9.4% organic change compared to the same period 2019 (excluding the Projects segment). For Q3 2020, organic sales performance showed improvement (-5.2% compared to Q3 2019, excluding the Projects segment), which confirms the resilience and solidity of the organisation and the valid measures taken to cope with the effects of the Covid-19 pandemic. ADJUSTED EBITDA at €647 million (€773 million in the first nine months of 2019), with an essential resilience of margins (ratio of adjusted EBITDA to Sales at 8.6% vs 8.9%). Profitability improved in Q3, with a ratio of Adjusted EBITDA to Sales of 9.1% compared to 9.0% in Q3 2019. NET FINANCIAL DEBT at €2,669 million, improving thanks to the strong cash generation capacity, with LTM Free Cash Flow at €617 million in the 12 months from October 2019 to September 2020 INSIGHT | Nine Months 2020, improvement in Q3 Our results for the first nine months of 2020 confirm Prysmian Group’s resilience in response to the extremely negative effects of the Covid-19 pandemic . Particular mention should be made of the recovery of the organic sales trend in the third quarter across almost all business areas, but especially in Energy. The results at the level of profitability show even greater resilience , with stable margins even in the comparison between the first nine months of 2020 and 2019 and with improvement in the third quarter. The integration with General Cable, which we regard as completed, and which has created a Group with a more balanced geographical presence and an integrated product portfolio, generating synergies of €175 million, contributed to the stability of the business and the company’s financial solidity. The situation remains critical in all geographical areas, yet on the basis of the results as of 30 September we can confirm, with confidence, our targets for the entire year as updated following the outbreak of the pandemic . Valerio Battista Chief Executive Officer