HOME GENERAL INDEX ANNUAL REPORT IT Modern renaissance «Medium te mundi posui, ut circumspiceres inde comodiu quicquid est in mundo. Nec te celestem neque terrenum neque mortalem neque immortalem fecimus, ut tui ipsius quasi arbitrarius honorariusque plastes et fictor, in quam malueris tute formam effingas» «I have placed you at the very center of the world, so that from that vantage point you may with greater ease glance round about you on all that the world contains. We have made you a creature neither of heaven nor of earth, neither mortal nor immortal, in order that you may, as the free and proud shaper of your own being, fashion yourself in the form you may prefer» Pico della Mirandola, Oratio De Hominis Dignitate, translation of A. Robert Caponigri, Henry Regnery Company, 1956 MODERN RENAISSANCE I PREFER TO REMEMBER THE FUTURE EPIDEMICS AND ECONOMIC REBOUND REPORTING ON AN INTENSE YEAR Group highlights Key metrics 73.1 95.2 105.5 133.1 118.6 108.5 108.8 135.6 146.8 8.8 11.7 13 16.4 14.3 9.8 9.4 16.1 19.7 6 7.7 8.2 10.2 6.8 4.7 4.2 8.7 12.6 Performance 2006/07 2007/08 2010/11 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 0 50 100 150 200 0 5 10 15 20 25 30 JS chart by amCharts Total Production Revenue EBITDA EBIT EBITDA (%) EBIT (%) REVENUE BY SBU HUMAN RESOURCES R&D EXPENDITURES ELECTRICAL POWER CONSUMPTION SHARED CREATED VALUE MAG's history at a glance 1995-2002 FOUNDATION OF FUTURE GROWTH The basis for future growth was laid in the first stage, involving small acquisitions and equipping the group with tools and an organisation based on maturity models. 2003-2008 ACCELERATED INNOVATION The common theme of the second stage was the scaling up of research and development as part of strategic partnerships, with the main aim of developing sound technological expertise and broadening the product range. 2009-2019 PORTFOLIO DIVERSIFICATION The third stage was dedicated to commercial diversification in terms of customers as well as operating and geographical segments. The contracts won in this stage project MAG into the future with a growing competitive edge and make it less susceptible to cyclical factors 2020–2024 UNLEASHING MAG’S POTENTIAL The stage that commenced with 2020 is the period over which MAG will achieve its organic growth potential, enabling it to scale up volumes. 2019/20 Remarkable Events October 2019 Contract Airbus H160 Stylence VIP Interiors SUPPLEMENTARY AGREEMENT NBAA - Orlando - FL (USA) Participation in trade show exhibiting all MAG products. November 2019 Patent New MAG patent for materials for interior soundproofing for "Aircraft with perfected fuselage" Development Start of designing and development of new light business jet landing system December 2019 Certification EASA DOA Vertex Aero Contract NH-500C aircraft support contract with Italy's Air Force Ministry of Defence January 2020 HAI Heli Expo - Anaheim (USA) Participation in trade show exhibiting all MAG products. Contract New lease contract Locazione nuova sede di Bensalem - Bucks County - PA (U.S.A.) February 2020 Team MAG joins Team invictus in developing the Bell 360 Invictus prototype for the U.S. Army Contract Extension of Woodward repair station license March 2020 Contract Reconditioning of Port Authorities' AB-412 HP line Certification MAG certified an authorised exporter under the South Korea FTA April 2020 Contract Bell-Textron contract for the design and devolpment of the FARA prototype Vertex Aero Sale of Vertex Aero S.r.L to VR-Technologies (Project DOA) May 2020 Contract PPP Loan (CARES Act) signed in Philadelphia (U.S.A.) Certification Initial certification of Leonardo M345 trainer landing system June 2020 Certification EASA Philadelphia Repair Station Registration MAG brand registered in the Russia Federation July 2020 Development Agreement develop the new MRLD for he Leonardo AW249 Certification EASA certification of H160 with MAG's landing system August 2020 Contract Award Hanwha contract for FFC KUH Surion New building Completed at the Monteprandone (Ascoli Piceno, Italy) site September 2020 Extension Extension of the AW139 1,200 - flight hours certification Contract Contract for the AW139 1,200 hour reconditioning and upgrade Shared value Pragmatism and utopia «(…) The term utopia is often the most convenient way to excuse what you do not have the urge, the ability or the courage to do. A dream seems like a dream until you start working on it. And then it may become something infinitely bigger.» Adriano Olivetti, 1955* “Notizie Olivetti”, no. 26, April-May 1955, pp. 16-17, in Adriano Olivetti. Un umanesimo dei tempi moderni, Bruno Segre, Imprimatur, 2015. The three levels of shared value Stakeholder and shaared value in MAG's model Measuring shared value PROUDLY POWERED BY WORDPRESS | THEME: AIRI BY ATHEMES.