Dexelance · MIL:DEX
Dexelance — Investor Presentation (December 2025)
19 slides from Dexelance's investor presentation, Dec 12, 2025
Slide 1: Mid-Term Ambition Investor Presentation
12 DECEMBER 2025, DBE XELANCE MID-TERM AMBITION Investor Presentation
Slide 2: We strongly believe that today's living should be an experience
WE STRONGLY BELIEVE THAT TODAY'S LIVING SHOULD BE AN EXPERIENCE Our mission is to inspire and enrich the lives of our customers by infusing the essence of refined living into everyday experiences, ensuring that at the core of everything we offer lies the art of crafting design for excellence. We are
Slide 3: Dexelance at a glance
'@_Dexelance ata glance: Dexelance: a distinctive platform in the design sector that pursues its growth path leveraging on key strategic drivers of value creation GERVASONI ——_ MERIDIANI . we * One of Italy's leading companies in high-end sabe CLA furniture and design, offering a full coverage of TU
Slide 4: A Group built through years of investments, experience and design craftmanship
A Group built through years of investments, experience and design craftmanship . 2015 2017 2019 2021 2023 Foundation and Acquisition of Acquisition of Acquisition of Acquisition of acquisition of Gervasoni Cenacchi international Modar Axolight Turi e 2016 2018 2020 2022 2025 Acquisition of Acquisiti
Slide 5: Creating a portfolio of complementary brands with high-end positioning
.creating a portfolio of complementary brands with high-end positioning. SBA { Companies | Overview GERVASONI * Elegant indoor and outdoor furniture for retail and contract solutions through Gervasoni and Very Wood brands MERIDIANI + Contemporary design collections for both livingand sleeping areas,
Slide 6: Balanced and well diversified business model across geographies, categories and channels
.With a balanced and well diversified business model across geographies, product categories and distribution channels, providing for growth opportunities across cycles and trends 9M2025 Revenue by SBA 9M2025 Revenue by Region Furniture Italy Lighting 24% Europe (excl. Italy) mKitchen&Systems North A
Slide 7: Dexelance track record, organic and M&A growth
Dexelance at A proven above-reference-market track record, thanks to both organic and M&A growth. Core HEDF market evolution (€bn | 2015-2024) 48 a 46 4% ——_, 43 38 34 35 36 35 92 CAGR 45-24 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Dexelance evolution (€m | 2015-2024) st i in \ organic grow
Slide 8: Ranked among the top global high-end design furniture players
. which already ranked Dexelance among the top 10 global high-end design furniture players | Key financials Top 10 global high-end design furniture players in 2024) Revenues FY2024 CAGR 2024-2024 Rank by CAGR — 3.502 14% H3 Revenue FY2024 Adj. EBITDA% FY2024 = 3.062 (5%) HAO € 3244 min = 2.406 8% HI
Slide 9: Roda and Mohd acquisitions
—agreed to acquire a further 35% in 2028 International benchmark in high-end outdoor design, exploring the In&Out concept into sophisticated collections: Founded in 1994, Roda has a strong manufacturing and commercial presence across Europe. North America and Asia It will bring know-how. production
Slide 10: 2025 spotlight: investments in organizational structure
2025 spotlight: Focus on investments to keep strengthening the organizational structure of the Group companies as well as the brands’ international positioning Despite market challenges, Dexelance continued to strategically invest to drive long-term growth. While such investments resulted in a tempo
Slide 11: 2025 spotlight: Luxury Contract performance
2025 spotlight: General market cut in terms of new openings affected Luxury Contract performance All-time record results: oD so Rev. 91mln * Strong order intake with an important acceleration and FY2024 EBITDA Margin consequent backlog unload in 4Q24__ | ~D2% * Strong EBITDA margin due to operating
Slide 12: What happened in 2025? Turri projects
'@ _ What happened in 20257 2025 spotlight: One-off increase in operating costs related to two significant projects by Turri Initial situation | Two soft contracts projects. for a total value of ~€35 min. by important clients: Turri acting as a » Ambitious project for an historical client related to
Slide 13: Fruitful ongoing cooperation
Fruitful ongoing cooperation Importance of keeping entrepreneurs at the helm of the companies Dexelance and the Arangiaro family resolved the Put&call option agreement relating to 40% of the share capital of Cubo Design. Net positive impact on Group's NFP ex. IFRS-16 of ~C30mIn.
Slide 14: Status quo: focus on cost management and capex plan
‘Status quo: focus on cost management and capex plan After a year with profitability below historical average, focus on cost management and liquidity optimization initiatives Cost management - selected efficiencies being/to be implemented: * Great attention to operating costs, as well as selected or
Slide 15: Future expectations and strategy
Future expectations and strategy 2026 and Mid-Term Ambition: positive expectations to successfully pursue an organic growth strategy - in line with its historical performances 2026 Expectations { Mid-Term Ambition uxury Contract Key Assumptions Projects’ stabilization from historical clients, thanks
Slide 16: Potential upside from M&A activity
Potential upside from M&A activity: Dexelance’s strategic asset since inception, with an increasing number of opportunities We have done it before Since 2045, the Group has successfully completed 13 acquisitions and, over the last 5 years, has tripled revenues and more than doubled the EBITDA Dexela
Slide 17: Capital increase
‘Capital increase: to support market re-openi Summary Terms of the proposed share capital increase The decision to proceed with a capital increase is a strategic move that will provide Dexelance with a flexible capital structure, consistent with its strategy of organic growth and external expansion,
Slide 18: Disclaimer
Disclaimer This presentation (the “Presentation’) has been prepared by Dexelance S.p.A. (the “Company” and together with its subsidiaries, the “Group’) for information purposes only and should not be reproduced or redistributed. The Presentation does not constitute an offer to sell or a solicitation
Slide 19: DE XELANCE
DE XELANCE Italy China UK USA GERVASONI davide groppi Axelight MITON VERY wood sabe" wae GAMMA TURRI MERIDIAN| C=NACCH FLEXALIGHTING [Binova mohd