Chervon Holdings Limited · HKEX:2285

Chervon — H1 2026 Earnings Presentation

54 slides from Chervon's earnings presentation, Aug 18, 2026

Slide 1: 2026 Interim Result
CHERVON HOLDINGS LIMITED 2026 INTERIM RESULT 泉峰控股2026年中期业绩 2026 Aug. 18th
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 2025 H1 2026 H1 CHANGE SALES 912 1,029 + 12.8 % GP 304 404 + 33.0% GP % 33.3% 39.3% + 600 bps PROFIT FROM OPERATIONS 120 134 + 11.8% OP % 13.1% 13.0% NET PROFIT (NP) 95 106 + 11.6% NET PROFIT % 10.4% 10.3% ADJUSTED NP 76 106 + 39.9% ADJUSTED NP% 8.3% 10.3%
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 2025 H1 2026 H1 CHANGE USD'000 USD'000 Profit for the year 95,271 106,342 + 11.6% Deduct: Net gain on disposal of a subsidiary (1) 19,240 0 Adjusted net profit 76,031 106,342 39.9% (1) Represents the non-recurring gain associate
Slide 6: Core Operation Performance
FINANCIAL HIGHLIGHTS 财务概览 CORE OPERATION PERFORMANCE 核心经营表现 In USD million 2025 H1 2026 H1 CHANGE SALES 912 1,029 + 12.8 % GP 304 404 + 33.0% GP % 33.3% 39.3% SG&A 216 267 + 23.4% SG&A % 23.7% 25.9% EBIT 1） 87 137 + 56.9% EBIT % 9.6% 13.3% 1） EBIT= GP- SG&A Expense 2025 H1 2026 H1 Other net (loss)/g
Slide 7: Sales Analysis – By Segment
SALES ANALYSIS – BY SEGMENT 销售分析-分业务版块 In USD million 2025 H1 2026 H1 CHANGE SALES 912 1029 12.8% = PT 305 340 11.1% OPE 602 686 13.9%
Slide 8: Sales Analysis – By Region
SALES ANALYSIS – BY REGION 销售分析-分地区 In USD million 2025 H1 2026 H1 CHANGE IN $ SALES 912 1029 12.8% = NORTH AMERICA 651 748 14.9% EUROPE 179 199 11.1% CHINA 59 54 - 7.2% ROW 23 27 17.2%
Slide 9: Profit Analysis: Expense Breakdown
PROFIT ANALYSIS 利润分析 EXPENSE BREAK DOWN 费用拆解 +23.4% USD'000 2025 H1 2026 H1 Change Selling 129,168 162,241 +25.6% 46,789 As % of revenue 14.2% 15.8% 39,984 58,033 R&D 47,338 Administrative 47,338 58,033 +22.6% Administrative As % of revenue 5.2% 5.6% 162,241 selling 129,168 R&D 39,984 46,789 +17% As
Slide 10: Financial Positions
FINANCIAL POSITIONS 财务状况 USD’000 2025/12/31 2026/6/30 Change Non-current assets 472,574 481,511 + 1.9 % Current assets 1,371,361 1,475,790 + 7.6 % Current liabilities 630,158 746,970 + 18.5 % Non-current liabilities 195,923 122,625 - 37.4 % EQUITY 1,017,854 1,087,706 + 6.9 %
Slide 11: 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 106 110 209 106 94 96 180 177 87 90 157 161 83 86 77 127 118 72 72 56 47 21 22 23 24 25 25 26 21 22 23 24 25 25 26 21 22 23 24 25 25 26 H1 H1 H1 H1 H1 H1 11
Slide 12: Cash Flow
CASH FLOW 现金流 USD’000 2025 2026 6/30 6/30 Cash from operating activities 256,652 129,455 Cash from investing activities 19,234 (78,322) Cash from financing activities (118,632) (57,793) Cash and cash equivalents at the end of the period 487,686 372,208
Slide 13: Agenda: Business Review & Outlook
AGENDA FINANCIAL HIGHLIGHTS BUSINESS REVIEW & OUTLOOK Q&A
Slide 14: Recovery!
RECOVERY ! 修复&正常化 GROWTH 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 YOY FLAT DECLINE 2025 2026 A CHALLENGING YEAR A RECOVERING YEAR
Slide 15: Historical Half Year!
HISTORICAL HALF YEAR ! 多项历史新高 Sales GPM Net Profit $ 1,029 m 39.3 % $ 106 m
Slide 16: Balanced Growth
BALANCED GROWTH 业务均衡增长 PT OPE +11 % +14 % NA EU CN ROW +15 % +11 % -7.2% * +17 % +16 % * 主要受其他非核心业务影响，中国核心品牌业务双位数增长
Slide 17: HARATEDIBR
HARATEDIBR ngaeOSRIOT —— ox 255 @ €e =N Sy)
Slide 18: Record Setting POS
RECORD SETTING POS 动销持续增长
Slide 19: 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 Increase IN 26H1 LARGEST OPE PLATFORM US MARKET SHARE THE #1 #1 BRAND CANADA MARKET IN BATTERY WALK BEHIND OPE & BATTERY RIDING MOWER AMAZON SHARE #1
Slide 20: Platform Effect Expanding Further
PLATFORM EFFECT EXPANDING FURTHER 平台效应进一步凸显 20 MILLI N BATTERIES IN THE GLOBAL MARKET
Slide 21: 2026 Product Highlights
1400W NEXUS POWER STATION 2026 PRODUCT 30” MOWER HIGHLIGHTS COMPACT 8Ah ARC LITHIUM WET DRY MAX BATTERY VAC 3-IN-1 LEAF VAC COMPACT INFLATOR ROTOCUT MULTI TOOL BED REDEFINER 18” CHAINSAW MULTI TOOL
Slide 23: Residential G2 Rider Launch
Residential G2 Rider launch OVERALL RATING
Slide 24: EGO Commercial ZTX Riding Mower Launch
EGO Commercial ZTX Riding mower launch
Slide 25: Worthy of a Standing (or Sitting) Ovation
COMING 2027 WORTHY OF A STANDING through 2028 (OR SITTING) OVATION. 32” & 36” COMPACT STAND ON ZTR RIDING MOWERS 48” STAND ON ZTR RIDING MOWER 48” SIT DOWN ZTR RIDING MOWER 54” STAND ON ZTR RIDING MOWER 60” STAND ON ZTR 54” SIT DOWN ZTR RIDING MOWER RIDING MOWER 60” SIT DOWN ZTR RIDING MOWER Customi
Slide 26: Award-Winning Products
AWARD-WINNING PRODUCTS 产品广受认可 21” SELECT CUT MOWER WITH 22” SUPER COMPOSITE DECK MOWER TOUCH DRIVE LM2135SP WITH SELECT CUT LM2236SP
Slide 27: Top Rated by Experts
TOP RATED BY EXPERTS 产品广受认可 #1 RATED 52 OUT OF 68 TIMES OVERALL SCORE: OVERALL SCORE: 8489 OVERALL SCORE: OVERALL SCORE: OVERALL SCORE: OVERALL SCORE: OVERALL SCORE: OVERALL SCORE: 89 85 86 83 83 ZERO TURN LEAF BLOWER RIDING MOWERS HEDGE TRIMMERS BACKPACK CHAINSAWS 2-STAGE BLOWERS SNOW BLOWERS BEST
Slide 28: Top Rated by Consumers
TOP RATED BY CONSUMERS 产品广受认可 250,000+ 5-STAR REVIEWS
Slide 29: Brand Expansion & Investment
BRAND EXPANSION & INVESTMENT 品牌持续扩大影响 8 MILLION NEW VISITORS TO EGO WEBSITE YTD
Slide 30: Multi-Channel Distribution
MULTI-CHANNEL DISTRIBUTION EASIER ACCESS TO THE USERS 全渠道销售 AND MORE DISTRIBUTER & DEALERS…
Slide 31: Expansion in New Market
EXPANSION IN NEW MARKET 新市场拓展
Slide 32: Slide 32
Slide 33: 400+ Tools and Growing
CORDED PTA/STORAGE 14 40 106 27 53 164 400+ TOOLS AND GROWING
Slide 34: 2026 Walmart Expansion
//f 2026 WALMART EXPANSION cn (diols WORK LESS... Walmart > yd LIVE MORE... PWRCOORE 40° LITHIUMTECHNOLOGY 7
Slide 35: 2026 TSC Expansion
///{ 2026 TSC EXPANSION TRACTOR News Releases SUPPLY Co ® Tractor Supply Expands Truck, Tool and Hardware Assortment With Launch of SKIL Power Tools and Electrical Brands PWRUURE 20
Slide 36: 2026 CTR Expansion
///f 2026 CTR EXPANSION SKIL TAKE ON ANYTHING SKIL 7 CANADIAN TIRE
Slide 37: TikTok Channel Development
TIKTOK CHANNEL DEVELOPMENT 500+ Videos Created 2,800,000+ Video Views
Slide 38: China E-Commerce Development
CHINA E-COMMERCE DEVELOPMENT Rank 2# Hardware Livestream Room ranking 3.1M KOL video views
Slide 39: Slide 39
Slide 40: General, Auto & Detailing, Drywall, Framing
DRYWALL GENERAL AUTO & DETAILING FRAMING
Slide 41: Dealer Channel Focus
DEALER CHANNEL FOCUS NA EU AU Dealership penetration 72FT FLEX NORWAY established Largest FLEX set in North America FLEX POLAND acquired
Slide 42: New Generation Complete Polisher Line
With the launch of new generation complete polisher line, FLEX continuous to offer the leading performance on the market with the most powerful brushless(Both AC & DC) polisher line equipped with constant speed technology.
Slide 43: Slide 43
Slide 44: Product Innovation
HE | RINSE Led FARG RIPE
Slide 45: DEVON Channel Recognition and Product Highlights
大有产品获得渠道高度认可大有助力“苏超” 燃情开战战略灯塔产品年度趋势新品社交媒体粉丝量，话题量行业领先
Slide 46: Supply Chain
SUPPLY CHAIN 供应链
Slide 47: Vietnam Campus 3 Ongoing
VN CAMPUS 3 ONGOING, SCHEDULED TO BE OPERATIONAL IN 2027. 越南三厂区按计划推进 A 3D rendering of Chervon's Vietnam Plant 3, which is scheduled to be operational in 2027. 47
Slide 48: Reshape Our Global Manufacturing Footprint
RESHAPE OUR GLOBAL MANUFACTURING FOOTPRINT 重塑全球供应链结构 MORE FLEXIBLE MORE AGILE MORE RESILIENT FLEX DE MOVED TO CHINA VN EXPANSION AS PLANNED 德国工厂已迁移至中国越南按计划扩大产能 48
Slide 49: Future Outlook
[ ys FUTURE OUTLOOK\ ni rg ee Ah i te
Slide 50: Manage Uncertainty for 2026 & Beyond
MANAGE UNCERTAINTY FOR 2026 & BEYOND 穿越波动回归增长 GEART RESULT 良好表现 H1 BETTER THAN EXPECTED MAKE OUR BEST EFFORTS 继续努力 H2 NOT ONLY FOR H2, BUT ALSO FOR THE MID-LONG TERM 50
Slide 51: Enhance Shareholder Value
ENHANCE SHAREHOLDER VALUE 提升股东回报 150M HKD BUY BACK PLAN 回购计划 0.3258 HK$ /SHARE INTERIM DIVIDEND 中期股息
Slide 52: Thank You
- THANK YOU yi CHERVON
Slide 53: Q&A
Q&A
Slide 54: Contact Information
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 54

Chervon Holdings — H1 2026 Earnings Presentation on 6ix

Chervon — H1 2026 Earnings Presentation

Slide 1: 2026 Interim Result

Slide 2: Agenda

Slide 3: Agenda: Financial Highlights

Slide 4: Financial Highlights

Slide 5: Non HKFRS Measure - Adjusted Net Profit

Slide 6: Core Operation Performance

Slide 7: Sales Analysis – By Segment

Slide 8: Sales Analysis – By Region

Slide 9: Profit Analysis: Expense Breakdown

Slide 10: Financial Positions

Slide 11: Working Capital

Slide 12: Cash Flow

Slide 13: Agenda: Business Review & Outlook

Slide 14: Recovery!

Slide 15: Historical Half Year!

Slide 16: Balanced Growth

Slide 17: HARATEDIBR

Slide 18: Record Setting POS

Slide 19: Growing Our Market Share

Slide 20: Platform Effect Expanding Further

Slide 21: 2026 Product Highlights

Slide 22: Copyright©2024.Chervon Holdings Ltd., Strictly Confidential

Slide 23: Residential G2 Rider Launch

Slide 24: EGO Commercial ZTX Riding Mower Launch

Slide 25: Worthy of a Standing (or Sitting) Ovation

Slide 26: Award-Winning Products

Slide 27: Top Rated by Experts

Slide 28: Top Rated by Consumers

Slide 29: Brand Expansion & Investment

Slide 30: Multi-Channel Distribution

Slide 31: Expansion in New Market

Slide 32: Slide 32

Slide 33: 400+ Tools and Growing

Slide 34: 2026 Walmart Expansion

Slide 35: 2026 TSC Expansion

Slide 36: 2026 CTR Expansion

Slide 37: TikTok Channel Development

Slide 38: China E-Commerce Development

Slide 39: Slide 39

Slide 40: General, Auto & Detailing, Drywall, Framing

Slide 41: Dealer Channel Focus

Slide 42: New Generation Complete Polisher Line

Slide 43: Slide 43

Slide 44: Product Innovation

Slide 45: DEVON Channel Recognition and Product Highlights

Slide 46: Supply Chain

Slide 47: Vietnam Campus 3 Ongoing

Slide 48: Reshape Our Global Manufacturing Footprint

Slide 49: Future Outlook

Slide 50: Manage Uncertainty for 2026 & Beyond

Slide 51: Enhance Shareholder Value

Slide 52: Thank You

Slide 53: Q&A

Slide 54: Contact Information