LUCENTE MARIO S.P.A.

Lucente Mario S.p.A. is a company active since 1975 with a long tradition in the construction and infrastructure sector, mainly operating in the construction of public utility works. This sector is crucial for the development of the infrastructure networks needed to support our country's needs. With a particular focus on constant innovation research, the company operates primarily in the field of infrastructure construction for the production, transformation, and transmission of electrical energy.

Today, the company has over 100 employees and, thanks to its high professionalism and acquired know-how, has become a reality capable of developing complex infrastructure works, becoming a reference point for the most important electric utilities at the European level, including companies such as E-Distribuzione S.p.A, Terna Rete Italia S.p.A, and Hitachi S.p.A..

In line with its tradition and respecting the set growth objectives, Lucente Mario S.p.A. is continuously searching for quality to serve its customers. The company has obtained ISO 9001, ISO 14001, ISO 45001, and ISO 37001 certifications with the prestigious RI.NA. entity.

In summary, Lucente Mario S.p.A. stands out for its competence in offering integrated solutions for energy and telecommunications infrastructures, as well as comprehensive services in the field of construction and plant engineering. The company is a reliable partner for public and private entities, thanks to its experience and ability to adapt to growing technological and environmental needs, significantly contributing to the development of energy networks and modern infrastructure.

THE OPINION OF THE ANALYST

The analysis of the Company proposed for fundraising is the result of the Report provided by EasyFintech S.r.l. - License art. 134 TULPS Prefecture of Milan prot. no. 14795/12B15E of 31/01/2020 - based on calculators of available databases such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere, and other financial scoring tools that combine traditional analysis (economic-financial, trend, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning, and Data Analysis.

Lucente Mario S.p.A. is a company with its registered office in Torre de' Passi in the province of Teramo, established in 1975 with ATECO code 43.29.09, whose primary purpose is the "construction of public utility works for electricity and telecommunications [...]"

The company is managed by Davide Lucente, and no negativity emerges about him.
Davide Lucente is also the President of Edilcassa Abruzzo.

The adopted analysis methodology involves calculating a synthetic risk indicator, called Easyscore Integrato by EasyFintech S.r.l., obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). EasyFintech's Easyscore Integrato places the Company in an area corresponding to the judgment of "moderate solvency". Below is a summary of the analysis of the other partial scores:

• Cribis D&B Rating: evaluates the financial solvency and commercial reliability of the company through the calculation of the Cribis d&b Rating (Failure score, Delinquency score, Paydex Cribis d&b, negative events). Lucente Mario S.p.A. has been assigned a Cribis Rating of "2" with a "lower than average cessation risk";

• CeBi Score 4: CeBi elaborations provide the calculation of PD - Probability Default through a certified algorithm for the banking world, within the framework of scoring models and internal rating systems (so-called Internal Rating Based) used by Italian Credit Institutions. The scores assess the economic and financial solidity of the company, placed in its current and prospective economic system. The analysis of the balance sheet as of 31-12-2023 in terms of insolvency risk classifies the company in the R1 class, corresponding to a Risk situation with a PD of 5.1%. This class includes 9.65% of the companies in the CONSTRUCTION OF PUBLIC UTILITY WORKS sector.

• CR Score: provides a synthetic judgment on the use of credit lines granted by the banking system, reported within the Central Risks of the Bank of Italy. The Score related to the Central Risks of the Bank of Italy is calculated over a 12-month period. This parameter is reserved, but there is no evidence of negativity to report.

The preceding analyses, summarized in EasyFintech's Easyscore Integrato, place the company Lucente Mario S.p.A. in an area of "moderate solvency".

CONCLUSIONS

The Company presents significant figures dictated by the origin of the contracts and works carried out. In short, there are numerous financing items necessary to support the large volumes of contracts that have weighed down some items in the Balance Sheet. Lucente Mario S.p.A. has been present in the market for several years, since 1975, and has primary Italian Companies as clients. With the ongoing verification of the 2024 Balance Sheet, some of the figures are more encouraging, but they should still be monitored. It is worth noting the continuous growth of the Company with increasingly important figures in terms of balance sheet and obtained contracts.

Please note that the above indications are only a reference for making an informed choice based on one's investment capacity, and it is always recommended to conduct an analytical evaluation of the available elements.

CONTRACTUAL STRUCTURE

The Financing Agreement is a purpose loan: Lucente Mario S.p.A. undertakes to use the funds received from investors exactly as specified in the Project outlined in the public offer, and not to divert them for other purposes.

COST STRUCTURE

The expected cost for the completion of the project is approximately €4.500.000, which the Contractor, Lucente Mario, will receive from E-Distribuzione, the client, in the form of SAL. The minimum target for the Ener2Crowd campaign will cover 2% of the Capex, while the maximum target will cover 8% of the total.

The crowdfunding campaign is a bridge loan that allows the Company to advance part of the funds necessary for the progress of the required work, while the remaining part of the amount is covered by the Company's equity.

The financing will be offered to both professional investors in law (Who are Professional Investors?) and sophisticated and non-sophisticated investors, with two different interest rates considered based on their characteristics.

AMORTIZATION PLAN

18-MONTH AMORTIZATION PLAN

The amortization plan provides for the repayment of the Capital only in the last installment. There are quarterly installments with only the Interest Portion equal to € 9,000.00

The following amortization plan for Lucente Mario S.p.A. is calculated with an interest rate of 9.00% for a total of €400,000.

N.B.: The amortization plan starts from the last day of the month following the release terms, therefore the table shown is a mere simulation containing the first available date in case the campaign is finalized at its expiration date.

*net of any tax withholdings.

18-MONTH AMORTIZATION PLAN (PROFESSIONAL INVESTORS)

The amortization plans provide for the repayment of Interest in each installment with a variable rate (EURIBOR) and the repayment of the Capital in the last installment. Therefore, there will be quarterly installments with a varying interest portion.

The following is the trend of the 3-month EURIBOR:EURIBOR3M

As for professional investors, the following amortization plan is proposed, calculated with an interest rate of 6.04%+EURIBOR3M for a total of €400,000.

N.B.: The amortization plan starts from the first available date following the release terms, therefore the table shown is a mere simulation containing the first available date in case the campaign is finalized at its expiration date.

*net of any tax withholdings.

**The rate has been assumed with the latest available EURIBOR, it is an example value for informational purposes.

ATTENTION: In the case of variable rate projects, all additional rates resulting from environmental points and/or bonuses do not vary with the change in Euribor, but are defined at the time of investment and added to the base fixed rate, constituting a fixed portion to which the variable Euribor portion will then be added in each installment.

CONFLICTS OF INTEREST

The Relevant Parties, except for the Conflict of Interest Policy Manager and the Crowdfunding Service Provider, who cannot under any circumstances participate in the Crowdfunding Offerings published on the Platform, are authorized to invest in this Crowdfunding Offering on equal terms with all other Investors and without preferential treatment or privileged access to information.

For more information, please consult the policy at the following link

SDGs ACTIVATED BY THE PROJECT

• SDG 7 ensure access to affordable, reliable, sustainable and modern energy for all, promoting renewable energy sources;
• SDG 8 electrical infrastructure supports local and national economies, promoting economic development through the expansion of industrial networks;
• SDG 9 build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation;
• SDG 11 make cities and human settlements inclusive, safe, resilient and sustainable through improved public lighting, functioning electric transportation, provision of essential services and ensuring safety of urban infrastructure;
• SDG 12 ensure sustainable consumption and production patterns, improve energy efficiency and strengthen local and national electrical networks;
• SDG 13 take urgent action to combat climate change and its impacts, facilitating the access to clean energy with reduced greenhouse gas emissions through infrastructure;
• SDG 17 strengthen the means of implementation and revitalize the global partnership for sustainable development through multi-level public-private cooperation;

Become a protagonist of the future and sustainable development by funding this initiative!

HIGH VOLTAGE SYSTEMS - PRIMARY CABIN

The construction of a high-voltage primary substation offers numerous essential benefits for the operation and efficiency of the electrical system. Firstly, a primary substation allows for the transformation of energy from high to medium voltage, reducing energy losses and increasing distribution efficiency. This is crucial to ensure that energy reaches consumption centers safely and steadily. The primary substation also ensures service reliability, preventing blackouts and problems related to overvoltages or undervoltages, thanks to its protection and monitoring systems. Another important advantage is the support that these infrastructures provide for the integration of renewable energies, such as wind and solar, into the electrical grid. The primary substation allows for the effective input of energy produced from renewable sources, contributing to the energy transition towards more sustainable sources.
From an economic point of view, the primary substation contributes to reducing the operational costs of the electrical grid, minimizing losses during energy transport and optimizing energy demand management. This leads to increased efficiency and a more balanced use of resources. Furthermore, the primary substation facilitates the interconnection between different regional or national networks, improving flexibility and the capacity to exchange energy between different areas. Finally, the presence of a primary substation is strategic for the economic development of the areas where it is located, as it guarantees the availability of a reliable electrical infrastructure, essential for industrial and urban expansion. These infrastructures also offer greater flexibility in emergency management, allowing for a quick restoration in case of failures. In summary, a primary substation is a vital component for improving the efficiency, safety, and sustainability of the electrical system.

WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?

High voltage primary cabins are a crucial element for sustaining the national power grid and have various extended benefits and direct impacts on society. They provide stability to the electrical system and also allow renewable energy production facilities to effectively transport the generated energy by distributing it through the electrical system via medium and low voltage cabins to private, public, and industrial end structures.

It is estimated that the project presented to the crowd by Lucente Mario S.p.A. will have an average total annual benefit of 7.750.000 kWh (total project of 87.000.000 kWh), which is equivalent to:

                  

Save 3.332.500 kg of CO2 in the atmosphere every year

                  

Plant 333.250 trees, enough to cover an area of 1.700 soccer fields

                  

Avoid the emissions of exhaust gases from 2.330 cars every year