Espe (ESPE) Investor presentation summary

Key people and company information

• CEO Enrico Meneghetti has led since 2016, driving growth and internationalization; holds a 26.47% stake in the holding company.

• CFO Alberto Stocco joined in 2022, bringing experience in finance and international business management.

• Operating since 1974, the company specializes in industrial electrical and automation systems, with a strong focus on renewable energy since 2003.

• Two main divisions: System Engineering (EPC contractor for PV and electrical systems) and Production (small wind turbines and biomass cogenerators).

• 91 employees and over 200 contractors as of June 2024, with partnerships with major Italian and international universities.

Shareholder structure, governance, and stock performance

• Controlled by ESPE Tecnologie S.r.l. (Meneghetti family), with 6.7M ordinary and 3M multiple voting shares; 2.1M shares are free float.

• Board of Directors consists of 7 members, serving 2023–2025; Board of Statutory Auditors has 5 members.

• Stock price reached €2.51 on 18 October 2024, up 151% from IPO price of €1.00.

Achievements in 2024

• Raised €2.1M in IPO on Euronext Growth Milan, issuing 2.127M shares.

• Secured major PV contracts: 20.6 MWp in Rome (€11.3M), 9.2 MWp in Matera (€5M), and 59 MWp in Italy (€31M), all to be completed by 1H 2025.

• Approved €1.8M shareholder loan to support business growth.

• Acquired 100% of Permatech S.r.l. and 40% of Rigoni Lab S.r.l.; established Gemini Solar S.r.l. for renewable energy projects.

• Transferred O&M business to Reflow S.r.l., retaining 67% ownership to enhance service quality.