Chervon Holdings Limited · HKEX:2285
Chervon — H1 2025 Earnings Presentation
45 slides from Chervon's earnings presentation, Aug 29, 2025
Slide 1: 2025 Interim Result
CHERVON HOLDINGS LIMITED 2025 INTERIM RESULT 泉峰控股2025年中期业绩 2025 Aug. 29th
Slide 2: Agenda
AGENDA FINANCIAL HIGHLIGHTS BUSINESS REVIEW & OUTLOOK Q&A
Slide 3: Agenda: Financial Highlights
AGENDA FINANCIAL HIGHLIGHTS BUSINESS REVIEW & OUTLOOK Q&A
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS 财务概览 In USD million 2024 H1 2025 H1 CHANGE SALES 816 912 + 11.9 % GP 269 304 + 13.1% GP % 32.9% 33.3% + 40 bps PROFIT FROM OPERATION 87 120 + 37.1% OP % 10.7% 13.1% NET PROFIT (NP) 62 95 + 54.6% NET PROFIT % 7.6% 10.4% ADJUSTED NP 62 76 + 23.4% ADJUSTED NP% 7.6% 8.3%
Slide 5: Non-HKFRS Measure - Adjusted Net Profit
FINANCIAL HIGHLIGHTS 财务概览 NON HKFRS MEASURE- ADJUSTED NET PROFIT 经调整净利润 2024 H1 2025 H1 CHANGE USD'000 USD'000 Profit for the year 61,619 95,271 54.6% Deduct: Net gain on disposal of a subsidiary (1) 0 19,240 Adjusted net profit 61,619 76,031 23.4% (1) Represents the non-recurring gain associated wi
Slide 6: Sales Analysis – By Segment
SALES ANALYSIS – BY SEGMENT 销售分析-分业务版块 In USD million 2024 H1 2025 H1 CHANGE SALES 816 912 11.9% = PT 314 305 -2.5% OPE 490 602 22.8%
Slide 7: Sales Analysis – By Region
SALES ANALYSIS – BY REGION 销售分析-分地区 In USD million 2024 H1 2025 H1 CHANGE IN $ SALES 816 912 11.9% = NORTH AMERICA 552 651 17.9% EUROPE 172 179 4.0% CHINA 64 59 - 8.4% ROW 27 23 - 13.2%
Slide 8: Profit Analysis
PROFIT ANALYSIS 利润分析 EXPENSE BREAK DOWN 费用拆解 +16.2% USD'000 2024 H1 2025 H1 Change Selling 106,668 129,168 +21.1% 39,984 37,433 As % of revenue 13.1% 14.2% 47,338 R&D 42,264 Administrative 42,264 47,338 +12% Administrative As % of revenue 5.2% 5.2% 129,168 selling 106,668 R&D 37,433 39,984 +6.8% As
Slide 9: Financial Positions
FINANCIAL POSITIONS 财务状况 USD’000 2024/12/31 2025/6/30 Change Non-current assets 478,767 437,014 - 8.7 % Current assets 1,513,530 1,386,188 - 8.4 % Current liabilities 782,968 644,021 - 17.7 % Non-current liabilities 172,636 173,944 + 0.8 % EQUITY 1,036,693 1,005,237 - 3.0 %
Slide 10: Working Capital
WORKING CAPITAL 运营资本 Turnover days of Turnover days of Turnover days of Inventory Trade and bills receivables Trade and bills payables 89 110 209 87 106 83 180 178 77 96 161 90 157 86 86 129 127 59 72 56 47 20 21 22 23 24 24 25 20 21 22 23 24 24 25 20 21 22 23 24 24 25 H1 H1 H1 H1 H1 H1 10
Slide 11: Cash Flow
CASH FLOW 现金流 USD’000 2024 2025 6/30 6/30 Cash from operating activities 119,138 256,652 Cash from investing activities (22,309) 19,234 Cash from financing activities (4,439) (118,632) Cash and cash equivalents at the end of the period 387,090 487,686
Slide 12: Agenda: Business Review & Outlook
AGENDA FINANCIAL HIGHLIGHTS BUSINESS REVIEW & OUTLOOK Q&A
Slide 13: Tariff!
TARRIF ! 关税对业务节奏影响明显 GROWTH 2024 Q4 2025 Q1 2025 Q2 YOY FLAT DECLINE
Slide 14: Fundamental: Technology, Product, Brand, Channel, Supply Chain
SUPPLY CHAIN 供应链 CHANNEL 渠道 更重要的是业务基本面，以确定性应对不确定性 TECHNOLOGY 技术 FUNDAMENTAL ! ! ! PRODUCT 产品 BRAND 品牌
Slide 15: Mie
Mie wn tt —_| Sh V Pane y, ; i #/RATED/ERAND Ei IN CORDLESS DOTDDOR TAM Wy A7P)
Slide 16: Record Setting POS
CONTINUE THE MOMENTUM WITH 动销强劲 RECORD SETTING POS
Slide 17: Growing Our Market Share
GROWING OUR MARKET SHARE EGO CONTINUE TO CONQUER THE MARKET WITH A STEADILY INCREASING SHARE 份额持续提升 THE FASTEST GROWING BRAND IN BATTERY OPE THE LARGEST OPE PLATFORM US MARKET SHARE+0.8 PPT. IN 25H1 Canada MARKET #1 #1 BRAND IN BATTERY WALK BEHIND OPE & BATTERY RIDING MOWER Data source: OpenBrand- B
Slide 18: Award-Winning Products
AWARD-WINNING PRODUCTS 产品认可 BEST BEST ELECTRIC RIDING MOWER ELECTRIC LAWN MOWER
Slide 19: Platform Effect Expanding Further
PLATFORM EFFECT EXPANDING FURTHER 平台效应进一步凸显
Slide 20: Platform Effect Expanding Further
PLATFORM EFFECT EXPANDING FURTHER 平台效应进一步凸显 MORE MARKET SHARE MORE TOOLS MORE CUSTOMER CONVERSION & LOYALTY MORE BATTERY MORE BRAND EXPOSURE
Slide 21: Multi-Channel Distribution
MULTI-CHANNEL DISTRIBUTION EASIER ACCESS TO THE USERS 全渠道销售 AND MORE DISTRIBUTER & DEALERS… VALUE CREATING FOR THE CHANNELS POS GROWTH IN EVERY SINGLE CHANNEL! 为渠道创造价值，全面增长
Slide 22: Expanded Distribution Delivers Increased Sales in Canada
EXPANDED DISTRIBUTION DELIVERS INCREASED SALES IN CANADA 加拿大强势增长 IN-STORE AND ONLINE EXPANSION HAS LED TO MORE THAN DOUBLED POS
Slide 23: ACE Leveraging EGO Brand in New MLB Partnership
ACE leveraging the power of EGO brand in new MLB partnership EGO Won Vendor of the Year Award, once again, in ACE Spring Show
Slide 24: Leveraging EGO Innovation
LEVERAGING EGO INNOVATION AS A DRAW MEMORIAL DAY NATIONAL TV LOWE’S SOCIAL EGO INNOVATION END CAP DISPLAY AD
Slide 25: H1 2025 Highlights - FLEX
- FLEX | fA1 2025 HIGHLIGHTS
Slide 26: FLEX: General, Auto & Detailing, Drywall, Framing
DRYWALL GENERAL AUTO & DETAILING FRAMING
Slide 27: Storage Product Expansion
| —— RAGE PRODU EXPANSION - = ‘\ + 4 4 » Ie 7 4 ' ) Ts) 7 1 et ne me mee i SUN cee i » on = ta Nee li | A i = i By oT
Slide 28: Specialist Trade Partner
NO. 1 SPECIALIST TRADE PARTNER In the latest markt intern performance report “Power Tools” 2025, FLEX has been ranked No. 1 specialist trade partner for the first time. With an overall score of 2.20, we have reached the top spot in the ranking – a significant milestone in our company’s history. THE
Slide 29: FLEX 24V Range Launched in ANZ Market
FLEX 24V RANGE SUCCESSFULLY LAUNCHED IN ANZ MARKET FLEX 24V 系列 成功登陆澳大利亚市场 The 2025 Total Tools Conference was held in April
Slide 30: Slide 30
Slide 31: SKIL Partner with Team Visma | Lease a Bike
SKIL PARTNER WITH TEAM VISMA | LEASE A BIKE
Slide 32: New Brushless Series
NEW BRUSHLESS SERIES Introducing the next generation of motor technology, specifically targeted at the homeowner market. BRUSHLESS TECHNOLOGY • 10x long lifetime vs. Brushed • More Compact, Better Control & Motor Response • Higher performance across the entire platform of cordless products 32 32
Slide 33: Slide 33
Slide 34: DEVON Products Recognized by Channels
大有助力“苏超” 大有产品获得渠道 燃情开战 高度认可 年度趋势新品 战略灯塔产品
Slide 35: Supply Chain
SUPPLY CHAIN 供应链
Slide 36: Reshape Our Global Manufacturing Footprint: Vietnam
RESHAPE OUR GLOBAL MANUFACTURING FOOTPRINT 供应链 SUPPLY CHAIN 重塑全球供应链结构 Accelerated Vietnam Capacity expansion 加速越南转产 Campus 1(leasing) Campus 2 (leasing) Campus 3 (self-own) Campus 4 (leasing) 41,850 sqm 45,600 sqm 170,000 sqm 40,000 sqm Since 2020 Since 2024 Target 2027 Target 2026
Slide 37: Moving FLEX DE to China
RESHAPE OUR GLOBAL MANUFACTURING FOOTPRINT 供应链 SUPPLY CHAIN 重塑全球供应链结构 Moving FLEX DE to China 德国工厂迁到中国 FLEX manufacturing relocation ongoing, First batch of products manufactured in China will be shipped in July. The full production line relocation will be completed by 2025 year end.
Slide 38: Smart Manufacturing
RESHAPE OUR GLOBAL MANUFACTURING FOOTPRINT 供应链 SUPPLY CHAIN 重塑全球供应链结构 Smart manufacturing 深化全球工厂智能化改革 泉峰入选2025年江苏省先进级智能工厂
Slide 39: Effective Cost Management
EFFECTIVE COST MANAGEMENT 合理费用管理 A STRATEGIC RESPONSE PLAN: REDUCED FIXED COSTS CONTROLED SG&A EXPENSES COMMITTED TO FUTURE GROWTH
Slide 40: Future Outlook
ees ti 4\ FUTURE OU
Slide 41: Manage Uncertainty for 2025 & Beyond
MANAGE UNCERTAINTY FOR 2025 & BEYOND STAY PRUDENT 保持谨慎 STAY AGILE 敏捷响应 STAY OPTIMISTIC 报以信心 STAY FOCUSED 保持专注
Slide 42: Stay Focused
STAY FOCUSED 保持专注 Chervon Holdings limited 剥离泉峰汽车股份 Focus on core business with more growth potential 专注更具成长性的核心业务 Reduce connected transaction and non-operational 泉峰中国投资 financial impact 减少关连交易和非经营性波动 23.75% Strengthened public shareholder return 加强独立股东回报 泉峰汽车（603982.SH） 轻装上阵！
Slide 43: Thank You
- THANK YOU y CHERVON
Slide 44: Q&A
Q&A
Slide 45: Contact: chervon-ir@cn.chervongroup.com
泉峰控股 丨2285.HK 感谢支持，更多问题和意见反馈，敬请联系： Thanks for your support. Should you have further question or feedback , please contact chervon-ir@cn.chervongroup.com +86 25 52101133 - 12046 / 12770 45