Be Tomorrow –Leonardo 2030

Statement of Alessandro Profumo Chief Executive Officer, Leonardo

For Leonardo, 2022 was an important year. We have once again achieved, and in some cases exceeded, the objectives set. We have delivered results that further confirm the validity of our strategic path.

Indeed, thanks to the actions undertaken since 2018, Leonardo has strengthened its competitiveness and consolidated its role as a top player. Today we are a more solid, resilient, sustainable, innovative company, ready to face challenges and seize future opportunities.

Orders show significant growth of over 20 per cent compared to 2021, with a value of over €17 billion, increasing our backlog to over 37 billion. There are positive trends in all our business areas, confirming the commercial solidity of the Group and the validity of the diversified offer of products, systems and solutions that meet the complex operational requirements of customers, guaranteeing interoperability and multi-domain capabilities.

The results achieved are even more significant in the light of a general and national economic framework characterised by inflationary pressures on energy and raw material costs: our results demonstrate the solidity of the Group’s industrial strengths and the ability to react and adapt to complex challenges, as already demonstrated during the pandemic period.

In this context, we continued to pursue with determination our objectives in terms of improving our competitive positioning in international markets and the creation of long-term value.

There were also many actions that we implemented in the ESG area, supporting the Business Plan’s priorities, with the aim of “protecting people and the planet, guaranteeing defence and security, with long-term benefits in terms of development technology, innovation and progress”. These were, in fact, some of the topics covered on the occasion of the first ESG Investor Day in which Leonardo presented significant results on decarbonisation, sustainable innova-

CHAPTER 14