FOUNTAINE PAJOT: ODYSSEA 2024 PLAN AND RESULTS FOR THE FIRST HALF OF 2023/24 – 06/28/2024 at 5:45 p.m.

• Progress of the Odyssea 2024 plan on 3 pillars: social, environment and investments
  

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  half-year 2023/24: very solid growth at +48% and improvement in operational performance
  

• 2023/24, a new year of profitable growth
  

Progress on the Odysséa 2024 plan

On the 1

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half-year 2023/24, thanks to the quality of its results, the Fountaine Pajot Group has continued and accelerated the deployment of its Odyssea 2024 strategic plan, across all of its pillars:

• The social :
  
  More than 100 new employees have joined the shipyards and the Institut des Talents Nautiques has expanded its training offering.

• The environment
  
  : The commercial development of hybrid electric solutions continued, with a view to reducing the carbon footprint. In addition, a new collaborative platform has been set up, involving suppliers in the environmental approach.

• Capacity investments
  
  : Work to expand the Aigrefeuille site to increase production capacity has progressed. The Group has also integrated the joinery and fitting activities of the Manufacture de la Chevrolière to add and protect valuable know-how in the design and manufacture of boat interior fittings, and thus better control the value chain.

• New products
  
  : The Thíra 80, flagship of Fountaine Pajot, which received a distinction in the “Production Sailing Catamaran” category for 2024 and the D44, the latest addition to the Dufour brand.

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solid semester 2023/24

The Fountaine Pajot Group publishes its results, approved by the Board of Directors, for 1

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half-year of the 2023/24 financial year (from 01/09/23 to 29/02/24).

Driven by the depth of the order book and despite a slowdown in demand, the Fountaine Pajot Group achieved a turnover increase of +48% (+33.2% at constant scope), strongly focused on international markets. This dynamic is supported by the acceleration of production rates and the success of the latest launches, both in the catamaran segment (Aura 51, Samana 59) and in the monohull segment (D41, D470).

Benefiting from strong growth, the Group is on the 1

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Half-year 2023/24 a Gross Operating Surplus of €29.8 million compared to €12.6 million a year earlier. The operating result, before provisions for goodwill depreciation, amounts to €25.2 million. The net profit attributable to the Group improved to €13.5 million compared to €7.8 million the previous year.

A robust financial structure

As of February 29, 2024, the Fountaine Pajot Group presents a positive cash flow margin of €25.7 million and an increase in working capital requirements (-€24.0 million), generating positive operating cash flow of €1. €7 million. The temporary increase in stocks anticipates deliveries in the second part of the financial year.

Investments over the period amounting to €4.2 million focused on new products and adapting production capacities. At the end of February 2024, the Fountaine Pajot Group has solid fundamentals enabling it to face the future with confidence and continue its development.

2023/24, towards a new year of profitable growth

Despite a market marked by a certain wait-and-see attitude among owner and charter customers, the Group is aiming for a new year of profitable growth thanks to strong activity and numerous orders to be delivered. Finally, thanks to the good economic performances achieved on the 1

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For the 2023/24 semester, Fountaine Pajot will continue its investments (capacities and products) and human resources (recruitment, profit-sharing and employee participation).

After exceptional years (post-Covid catch-up), the Group confirms a return to normal in demand. Fountaine Pajot is preparing for the future by adapting its product offering, focusing on innovation for more sustainable navigation, and improving its organization and its value chain.

Communications schedule

2023/24 turnover: mid-October 2024 (after market opening)

About Fountaine Pajot

Created in 1976 by Jean-François Fountaine and Yves Pajot, FOUNTAINE PAJOT, an iconic brand, began producing consumer catamarans in 1983. With unique expertise in the design and manufacture of seaworthy and comfortable catamarans, FOUNTAINE PAJOT has created more than 45 models and delivered 3,000 catamarans worldwide. Following the merger of FOUNTAINE PAJOT and Dufour Yachts, the Group offers a complete and renewed range of catamarans and monohulls. For the 2022/23 financial year (as of August 31, 2023), the FOUNTAINE PAJOT Group recorded a turnover of €276.8 million.

Euronext Growth Paris – ISIN: FR0010485268 – Ticker: ALFPC – Eligible PEA/SME

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Integration in June 2023 of Atlantic Cruising Yachts

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