Stevanato Group Announces Second Quarter 2021 Financial Results - Establishes Full Year 2021 Guidance

Stevanato Group Announces Second Quarter 2021 Financial Results

- Establishes Full Year 2021 Guidance -

PIOMBINO DESE, Italy August 19, 2021 Stevanato Group S.p.A. (NYSE: STVN), a leading global provider of drug containment, drug delivery, and

diagnostic solutions to the pharmaceutical, biotechnology, and life sciences industries, today announced its financial results for the second quarter 2021 and established full-year 2021 guidance.

Second Quarter 2021 Highlights (compared to the same period last year) and Guidance

Moro, Chief Executive Officer, stated, Strong second quarter operational results reflect the demand for our integrated, end-to-end portfolio of products, processes

and services that address customer needs across the entire drug life cycle at each of the development, clinical and commercial stages. We achieved double-digit revenue growth in both segments and across all geographies. Our financial results reflect

solid demand in our core products and, to a lesser extent, the ongoing need for our drug containment solutions that play a vital role in the global rollout of the Covid-19 vaccines. We estimate that

approximately 15% of second quarter 2021 revenue was attributable to Covid-19. Our strategic shift in prioritizing our high value solutions helped boost gross margins by 100 basis points over the prior-year

period. For the second quarter of 2021, high value solutions accounted for approximately 24% of revenue, compared to 23% for the prior year.

The past few months have marked an exciting and important time for Stevanato Group, said Franco Stevanato, Executive Chairman of the Board of

Directors. We are pleased to have successfully completed our initial public offering and, as a listed company, we look forward to continuing to drive long-term value for all of our stakeholders, including customers, patients, employees,

partners and our shareholders.

Biopharmaceutical and Diagnostic Segment (BDS)

The Biopharmaceutical and Diagnostic Segment delivers a broad range of proprietary products, processes, and services for the containment and delivery of

pharmaceutical and biotechnology drugs, reagents, and diagnostic consumables.

The segment benefitted from rising demand in the second quarter. As a result, second quarter revenue grew

23% to 174.8 million compared to the same period last year. Revenue growth was attributable to a 27% increase in the sale of high value solutions, the Company s proprietary products including

EZ-Fill vials and cartridges, as well as a 21% increase in traditional containment and delivery partly due to the ongoing demand from the continuing

impact of Covid-19 on our industry. In the second quarter, high value solutions accounted for 28% of BDS Segment revenue, compared to 27% the prior year.

Gross margin and operating margin expansion in the second quarter was due, in part, to an increase in more accretive high value solutions and business

optimization efforts compared to the same period last year.

The Engineering Segment develops equipment and technology for assembly, visual inspection, packaging, serialization, glass conversion, as well as comprehensive

after-sales support to provide end-to-end solutions to the pharmaceutical, biotechnology and diagnostic manufacturing processes.

For the second quarter, Engineering Segment (third parties) revenue grew by 50% to 29.1 million compared to the prior year. The segment benefitted

from growth across all business lines including glass conversion machines, visual inspection systems, as well as assembly and packaging machines.

expansion, compared to the prior-year period, was driven by an increase in after-sales activities to support customers and improved synergies across the Company s manufacturing network.

Liquidity and Balance Sheet

As of June 30, 2021,

cash and cash equivalents totaled 100.8 million. For the second quarter, cash from operating activities increased to 54.1 million. Capital expenditures totaled 23.7 million in the second quarter, as the Company

continued to invest in increasing capacity for its high value solutions to meet growing customer demand. As a result, free cash flow (defined as cash from operating activities excluding interests paid and received, less property, plant, and

equipment and intangible assets on a cash basis) was 31.3 million.

The Company believes that its cash and cash equivalents, cash generated

from operating activities together with availability under its existing debt facilities and net proceeds of approximately $453.5 million raised in its IPO, will be adequate to address liquidity needs based on its current expectations of

business operations, capital expenditures and scheduled payments under its debt obligations.

On July 20, 2021, we completed our initial public

offering, at completion of which we received aggregate net proceeds of approximately $439.2 million, after deducting underwriting discounts and commissions and offering expenses. On August 18, the underwriters further purchased 712,796

additional newly issued shares from the Company to cover over-allotments driving the total net proceeds of the offering to approximately $453.5 million.

Full Year 2021 Guidance

Stevanato Group continues to

expand its role in the pharmaceutical value chain. The Company has established full year 2021 guidance that demonstrates a sharp focus on executing against its long-term strategic plan.

The Company currently estimates that it has visibility of approximately 94% of full year forecasted revenue

for fiscal 2021, comprised of first half 2021 revenue contributions plus currently estimated backlog for the second half.

The Company currently expects:

Mr. Moro concluded, Our overall approach of increasing capacity in the fastest growing markets, embedding scientific and technological advancements

in our portfolio and broadening our services and geographic reach is the cornerstone of driving value to our customers. We are a mission critical partner in the pharmaceutical value chain, and we are responding to an ever-growing demand from

customers across the pharmaceutical, bio-tech and life sciences industries.

Conference Call and Webcast

The Company will host a conference call to discuss the results and business expectations at 8:30 a.m. Eastern Time today (14:30 CET). Management will

refer to a slide presentation during the call, which will be made available on the day of the call. To view the presentation, please visit the Financial Results page, under the Financial Information tab of the Company s Investor

Relations section of its website.

To participate on the call please dial

United States: +1 855 979 6654

Italy: +39 800 684 570

International: +44 20 3936 2999

Listeners are encouraged to preregister for the call via the following link:

www.incommglobalevents.com/registration/client/8297/stevanatoearnings-call/, whereupon you will be provided with a unique dial-in number and access code.

For Participants that do not preregister:

broadcast of the conference call will also be available online at the following link: www.incommuk.com/customers/online (access code 627926).

An online archive of the broadcast will be

available at the website shortly after the live call and will be available through Thursday 2 September 2021. The recording will be accessible via the following link: www.incommglobalevents.com/replay/6516/stevanato-earnings-call/

(access code 776594).

About Stevanato Group

Founded in 1949, Stevanato Group is a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology

and life sciences industries. The Group delivers an integrated, end-to-end portfolio of products, processes and services that address customer needs across the entire

drug life cycle at each of the development, clinical and commercial stages. Stevanato Group s core capabilities in scientific research and development, its commitment to technical innovation and its engineering excellence are central to its

ability to offer value added solutions to clients.

For more information, please visit www.stevanatogroup.com

Forward-Looking Statements

This press release contains

certain forward-looking statements which include, or may include, words such as raising , believe , potential , increased , future , remain , growing , expect ,

foreseeable , expected , to be , includes , estimated , assumes , would provide , and other similar terminology. Forward-looking statements contained in this prospectus

include, but are not limited to, statements about: our future financial performance, including our revenue, operating expenses, and our ability to maintain profitability and operational and commercial capabilities; our expectations regarding the

development of our industry and the competitive environment in which we operate; and our goals and strategies. The following are some of the factors that could cause our actual results to differ materially from those expressed in or underlying our

forward-looking statements : (i) our product offerings are highly complex, and, if our products do not satisfy applicable quality criteria, specifications and performance standards, we could experience lost sales, delayed or reduced market

acceptance of our products, increased costs and damage to our reputation; (ii) we must develop new products and enhance existing products, adapt to significant technological and innovative changes and respond to introductions of new products by

competitors to remain competitive; (iii) our backlog might not accurately predict our future revenue, and we might not realize all or any part of the anticipated revenue reflected in our backlog; (iv) if we fail to maintain and enhance our

brand and reputation, our business, results of operations and prospects may be materially and adversely affected; (v) we are highly dependent on our management and employees. Competition for our employees is intense, and we may not be able to

attract and retain the highly skilled employees that we need to support our business and our intended future growth; (vi) our business, financial condition and results of operations depend upon maintaining our relationships with suppliers and

service providers; (vii) our business, financial condition and results of operations depend upon the availability and price of high-quality materials and energy supply and our ability to contain production costs; (viii) significant

interruptions in our operations could harm our business, financial condition and results of operations; (ix) our manufacturing facilities are subject to operating hazards which may lead to production curtailments or shutdowns and have an

adverse effect on our business, results of operations, financial condition or cash flows; and (x) our business may be harmed if our customers discontinue or spend less on research, development, production or other scientific endeavors;

(xi) we may face significant competition in implementing our strategies for revenue growth in light of actions taken by our competitors. This list is not exhaustive.

These forward-looking statements speak only as at their dates. The Company undertakes no obligation to update any forward-looking statement or statements to

reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of these factors. Further, the Company

cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statements. This press release

also contains certain estimates regarding the Company s future prospects and performance, including, but not limited to, future revenues and earnings per share, capital deployment. All such statements and projections are based upon current

expectations of the Company and involve a number of business risks and uncertainties. The Company disclaimers any current intention to update such guidance, except as required by law.

For a description of certain additional factors that could cause the Company s future results to differ from those expressed in any such forward-looking

statements, see Part II, Item 1A. entitled Risk Factors in the Company s Quarterly Report on Form 6-K for the quarterly period ended June 30, 2021 and Risk Factors in our

registration statement on Form F-1, dated July 16, 2021 and which was filed with the U.S. Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act of 1933, as amended, on

Consolidated Income Statement

(Amounts in millions, except per share data)

Report Segment Information

(Amounts in millions, except per share data)

Consolidated Statement of financial position (Unaudited)

(Amounts in millions)