Source: El.En. March 2017

El.En. SpAItaly

50%

100%

70%

100%

85%

60%Asclepion Laser

TechnologiesGmbH

Germany

Quanta System SpAItaly

Lasit SpAItaly

DEKA S.a.r.l.France

Lasercut Tech Inc.USA

Cutlite Penta SrlItaly

DEKA M.E.L.A. Sr lI ta ly

ASA SrlItaly

50%

100%

BRCT USA

Cutlite do Brasil LtdaBrazil

68,56%

WITH US Co LtdJapan

Penta-Chutian Laser (Wuhan) Co. Ltd

China

55%

50%Jenasurgical GmbH

Germany

Pharmonia sr lI ta ly

100%

Esthelogue SrlItaly

DEKA Medical Inc.USA

96,65%

50%

78,85%

100%

100%

IND-MED MEDICAL INDUSTRIAL OTHER

DEKA Co LtdJapan

55%

50%

Penta-Laser EquipmentWenzhou Co. Ltd

China

55%

50%

Accure Quanta Inc.USA

100%

Merit DueItaly

100%

B O A R D M E M B E R S O W N E R S H I P

AUDITING COMPANY

DELOITTE & TOUCHE SPA

BOARD OF D IRECTORS

Chairman Gabr ie le C lement i

Andrea Cang io l iBarbara Bazzocch i

Board Members Fab ia Romagno l i ( Independent )

Miche le Legna io l i ( Independent )A lber to Pecc i (Not Execut ive)

INTERNAL CONTROL COMMITTEE

Fab ia Romagno l iM iche le Legna io l i

A lber to Pecc i

GROUP STRUCTURE

CORPORATE GOVERNANCE

SHAREHOLDERS

COMPANY PROFILE

SPECIALIST BROKER

CODE OF

CONDUCT ON INSIDER DEALING

El.En. S.p.A. is an Italian hi-tech industrial group operating in opto-electronics with proprietary technologies

and know-how developed over 35 years of experience. We are an international group counting more than 20

companies active worldwide in several market segments involving laser technologies applications.

Since its foundation El.En. constantly increased its turnover, leveraging and expanding its global presence.

We benefit of a worldwide distribution network, count over 1.000 employees and more than 35,000 installed

laser sources.

We design, manufacture and sell on a global basis:

Ÿ medical laser devices used in dermatology, surgery, aesthetics, physiotherapy, dentistry and

gynecology;

Ÿ industrial laser systems for applications ranging from cutting, marking and welding of metals, wood,

plastic and glass to the decoration of leather, paper, cardboard and fabrics;

Ÿ laser systems for the conservation of the cultural heritage.

El .En. SpA v i a B a l d a n z e s e , 1 75 0 0 4 1 C a l e n z a n oF i r e n z e - I t a l yt e l . : ( + 3 9 ) 0 5 5 . 8 8 . 2 6 . 8 0 7f a x . : ( + 3 9 ) 0 5 5 . 8 8 . 3 2 . 8 8 4

The directors and others relevant persons must report all transactions completed with a value equal to Euro 5.000 or more within any given calendar year

INVESTOR RELATIONS MANAGER

ENRICO ROMAGNOLI

TEL: (+39) 055-8826807

FAX:(+39) 055-8832884

finance@elen.it

INVESTOR RELATIONS

Rome - Tel: (+39) 06 69923324

E-mail: polytemshir@polytemshir.it

STATUTORY AUDITORS

Permanent AuditorsPaolo Casel l i

R i ta Pelagot t i

33% 50%

17%

Independent 33%

Executive 50%

Not Executive 17%

Source: EL.EN. March 2017

Andrea Cangioli

2.927.688 shares

Gabriele Clementi

1.885.122 shares

Barbara Bazzocchi

988.496 shares

Alberto Pecci

2.078.456 shares

Michele Legnaioli

640 shares

INTERMONTE S IM S.p.A.

Managing Directors

5,12%

9,77%

15,17%

10,77%

7,51%

Andrea Cangioli 15,17%

Gabriele Clementi 9,77%

Barbara Bazzocchi 5,12%

Alberto Pecci 10,77%

Immobiliare del Ciliegio Srl 7,51%

Kempen Capital Management NV 5,01%

Hermes Linder Fund Sicav PLC 2,93%

Caceis Bank Luxembourg 2,10%

Market 41.62%

41,62%

5,01%

2,93%

2,10%

PresidentVincenzo Pi l la

GENERAL MANAGERPaolo Salvadeo

31/12/2016 Inc.% 31/12/2015 Inc.% Var.%

Revenues 252.646 100,0% 217.670 100,0% 16,1%

Change in inventory of finished goods and WIP 3.401 1,3% 1.569 0,7% 116,7%

Other revenues and income 3.224 1,3% 2.326 1,1% 38,6%

Value of production 259.272 102,6% 221.566 101,8% 17,0%

Purchase of raw materials 129.636 51,3% 114.201 52,5% 13,5%

Change in inventory of raw material (1.587) -0,6% (-6.177) -2,8% -74,3%

Other direct services 20.689 8,2% 17.224 7,9% 20,1%

Gross margin 110.533 43,8% 96.318 44,2% 14,8%

Other operating services and charges 32.030 12,7% 28.515 13,1% 12,3%

Added value 78.503 31,1% 67.803 31,1% 15,8%

For staff costs 46.116 18,3% 42.136 19,4% 9,4%

EBITDA 32.388 12,8% 25.666 11,8% 26,2%

Depreciation, amortization and other accruals 4.794 1,9% 4.167 1,9% 15,0%

EBIT 27.594 10,9% 21.499 9,9% 28,4%

Net financial income (charges) 1.933 0,8% 1.346 0,6% 43,7%

Share of profit of associated companies 186 0,1% 278 0,1% -33,2%

Other net income (expense) 23.009 9,1% (10) 0,0%

Income (loss) before taxes 52.721 20,9% 23.113 10,6% 128,1%

Income taxes 9.728 3,9% 7.064 3,2% 37,7%

Net income (loss) for the financial period 42.993 17,0% 16.049 7,4% 167,9%

Minority interest 2.586 1,0% 1.678 0,8% 54,1%

Net income (loss) 40.408 16,0% 14.371 6,6% 181,2%

CONSOLIDATED INCOME STATEMENT

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

25.666

32.388

31/12/201631/12/2015

Source: El.En. S.p.A.

EBITDA

29.815

31/12/2015

Source: El.En. S.p.A.

NET FINANCIAL POSITION

31/12/2016

Medical sector 166.056 M€

Industrial sector 86.590 M€

Italy 46.983 M€

Europe 48.832 M€

Rest of the world 161.831 M€

REVENUES BREAKDOWN AT DECEMBER 31st 2016

65,73%

34,27%

17,53%

64,05%

18,60%

80%

31/12/2016 31/12/2015

Cash and cash equivalents 97.589 48.954

Short term financial receivables 150 222

Financial short term liabilities (10.613) (14.363)

Net current financial position 87.127 34.813

Financial long term liabilities (4.342) (4.998)

Net financial position 82.784 29.815

NET FINANCIAL POSITION

82.784

STATISTICS AND INDICES

N. shares traded (split adjusted)

Feb 2017

Cynosure

Zel t iq

Biolase

Cutera

Source: El.En. S.p.A.

COMPARABLES

Syneron

Han’s Laser

IPG

Prima Industr ie

€ 19.124.911€ 956.246

44.708 41.730

€ 217.855.951€ 834.697

11.668.700 834.600

YoY (Mar,10/2016-Mar,09/2017)

Last price (13/03/2017)

Range(-1 Y):

Stock performance

FTSE IT STAR Index performance

27,20

-1 Y-6 M-1 M

-1 Y-6 M-1 M

max 27,30 (10/03/17) min 10,46 (15/03/16)

+ 174,21%+ 93,03%- 30,19%

+ 7,82%+ 25,97%+ 30,90%

STOCK PERFORMANCE

Source: Borsa ItaliaFTSE IT STAR

Sep 2016

60%

0%

40%

-20%

100%

0K

200K

20%

Jan 2017

Company: EL.EN.SPA

Borsa MTAX

ISIN - IT0005188336

Ticker - ELN

Share capitalNO. SHARESof which: -Ordinary shares

-Preferred sharesNominal value Capitalization (13/03/2017)Minimum amount tradedDate of quotationIPO

2.508.671

19.297.472 00000000,13

111/12/200029,9 mil euro

SectorElectronic & Electrical Equipment

Sub-SectorElectronic Equipment

Proposed dividend€ 0,40

Ex-dividend date29/05/2017

525 mil euro

KEY F IGURESSTOCK INFORMATION

C O P Y R I G H T 2 0 1 6 - A L L R I G H T S R E S E R V E D P O LY T E M S H I R©

Note: The information shown are organized in conformity with the international accounting principles, IAS/IFRS. All amounts are expressed in thousands of Euro, unless otherwise stated.Data and information from draft financial statement as of December 31, 2016 were unaudited.

120%

140%

160%

Market

Segment

Code

Reuters

Bloomberg

STAR

ELN.MI

ELN.IM

El.En.

May 2016

CTVTotalDaily average

TotalDaily average