Planetel (PLN) Investor Presentation summary

Company profile and market position

• Local fiber-optic network provider since 1985, offering connectivity, cloud, and IT solutions to retail, corporate, wholesale, and public sectors, mainly in Lombardia, Veneto, and Campania.

• Listed on Borsa Italiana EGM since December 2020, with five acquisitions to expand market share and presence.

• Operates a proprietary backbone with 3,226 km of fiber, serving 282 municipalities and 53,004 active clients as of HY 2024.

• 91% of HY 2024 revenues are recurring, with connectivity making up 59% of total revenues.

• Shareholding is led by BMP Holding S.R.L. (52.22%), with a diversified investor base.

Financial performance and investments

• HY 2024 revenues reached €18.5M, up 16% YoY, with EBITDA up 20% to €4.57M and net income up 26% to €580K.

• Net equity stable at €22M; net financial position improved slightly to -€13M.

• Investments totaled €2.7M in HY 2024, mainly in fiber-optic infrastructure (76% of CAPEX).

• The proprietary fiber network is valued at €150M-€380M, far exceeding the company’s market capitalization.

• Successful partial voluntary tender offer for treasury shares, acquiring 3.54% of share capital.

Strategic expansion and acquisitions

• Continued expansion of fiber network, adding 8 municipalities since end-2023 and a new 80 km section from Bergamo to Chiasso, covering 32 new municipalities.

• Acquired Connetical S.r.l. in April 2024 for under €2M, strengthening presence in Veneto and adding a new data center and 900 customers.

• Acquired Suardi S.r.l. in November 2024 for €3.6M, enhancing capabilities in security, multimedia, and IT infrastructure.

• Merged Net-Admin S.r.l. in January 2025 to streamline operations and generate economies of scale.

• Integration of Trivenet and Connetical networks to increase Wi-Fi coverage and data center capacity in Veneto.