Dexelance · MIL:DEX
Dexelance — H1 2026 Earnings Presentation
22 slides from Dexelance's earnings presentation, Sep 8, 2026
Slide 1: Interim Financial Results as at 30 June 2026
DE XELANCE INTERIM FINANCIAL RESULTS AS AT 30 JUNE 2026 8 SEPTEMBER 2026 48.00 - 19.00 (CET)
Slide 2: Revenue growth driven by omnichannel go-to-market
4s Revenue growth driven by omnichannel go-to-market 4 Organic perimeter -8.9% YoY Kitchen&Systems and Lighting broadly resilient Luxury Contract and Furniture impacted, respectively, by projects’ phasing and softer market conditions 4 +2,8mln wrt 1H 25 ‘5 2Q organic EBITDA improvement (+ 4.4 mln Yo
Slide 3: Capital increase successfully completed and fully subscribed during 1H 26
Capital increase successfully completed and fully subscribed during 1H 26: strengthening the Group’s capital structure and financial flexibility to support the future growth Transaction overview 13 May 26 18 May — 4 June 26 5 June 26 e + a Terms set Rights offering Transaction completed Issue price:
Slide 4: Dexelance@Industry fairs and events
DEXELANCE@Industry fai furniture bre and events | Salone del Mobile.Milan 6: Dexel s through multiple product n . ance show ong Binov ation in EuroCuc Joris caine aes BDEXELANCE
Slide 5: Artistic position in space – 3 Days of Design
ARTISTIC POSITION IN SPACE Sdaysofdesign JUNE 10 - 12 FILE UNDER FOF STUDIO. r GADE I, |. FLOOR wagape AGAPECASA davide groppi “pt canoe nase B BDEXELANCE 3DAYS OFDESIGN 10 12, JUNE 2026 MERIDIANI MERIDIANI POINT RUE VERTE NY QSTERGADE 1! COPENHAGEN 10-12 JUNE | H. 10AM - 6PM
Slide 6: Gervasoni & Very Wood: Italian Design for the Cruise Industry
Gervasoni & Very Wood Italian Design for the Cruise Industry Shtel oud Cruise Ship Interiors Design Expo Americas Miami Beach Convention Center 9510 June 2026 Booth 622 GERVASONI . | - 1882 VERY Wood BDEXELANCE 6
Slide 7: Dexelance@Projects
DEXELANCE@Projects | Davide Groppi, Meridiani and Binova were selected as interior design partners for the new “House’ residential project in Miami, designed by the Pritzker Prize-winning architect Shigeru Ban BDEXELANCE 7
Slide 8: BDEXELANCE
BDEXELANCE 8
Slide 9: Revenue by business area
Furnitue 33,9 Lighting 8.8 Kitchen&Systems 47.5 Omnichannel go-to-market - Residential 60,3 Luxury Contract 22,4 TOTAL 82.7 in 2Q, all SBA sequentially improved with respect to 1Q. ighting and Kitchen&Systems confirmed a broadly resilient trend, while Furniture continue be the SBA most affected by s
Slide 10: Revenue by channel
Retail 466 0,2 +16,0% 86,6 104.1 +20,3% Soft Contract 120 22,0 +(1,0% 26,5 41LG +5 /,0% Hard contract 22,4 20.4 -89% AVS 360 -1,6% TOTAL 82.7 98.2 +18.7% 154.8 182.6 +17.9% Channel %incidence - FiH 26 In 2Q, the organic Soft Contract trend improved ° YoY compared to 1Q, despite decision-making proce
Slide 11: Revenue by region
Italy 20.5 27.0 +34,4% Europe (excl. Italy) 28.5 36.4 +27.4% North America 16,5 WA +15,3% ROW 7A 15.8 -7.6% TOTAL 82.7 98.2 +18.7% Europe up ~40% YoY, driven by organic growth across key markets (Switzerland, Austria, France and UK). Italy up ~17% YoY, with organic growth broadly in line with the pr
Slide 12: Financial results | M&A underpins revenue and profitability growth
Financial results | M&A underpins revenue and profitability growth, offset operating deleverage from a softer organic top line Profit & Loss | €mln Revenue Other income Total Revenue Operating Costs Added Value Personnel Costs Adj. FRITDA D&A Adj FRIT Net Financial Expenses Adj. EBT. Tax Expenses Ad
Slide 13: Quarterly results
1Q 25 % 2Q25 % Revenue 121 100.0% 82.7 100.0%) 84,4 Varable costs (49.2) (68.3%) (66.0) (67.7%)| (68.5) Gross margin 24,3 33.6% 27.5 33.2%) 27.6 Fixed costs (19,0) (26.3%) (21,6) (26,2%)) (21,2) Adj. EBITDA 5,3 7.3% 5.8 7.0% 2Q 25 % Revenue 82.7 100,0% Varable costs (86.0) (67.7%) Gross margin 27,5
Slide 14: 1H financial results | Capital increase drives net debt reduction
FAH 26 financial results | Capital increase drives net debt reduction. Net working capital absorption mainly reflects business dynamics during the previous quarter Cash Flow 1H 26 |€min Net Financial Position | €mtn 1H 25 FY 25 1H 26 Net bank debt FY 25 f Net bank debt (long term) WA 527 25.2 Minori
Slide 15: Year-to-date order intake
Year-to-date order intake 398.0 200.2 FA2h Luxury Contract © Residential 15
Slide 16: Approval of the Interim Financial Information
Approval of the Interim Financial Information as of 30 September 2026 BDEXELANCE 16
Slide 17: Slide 17
Slide 18: Annex | Profit & Loss reconciliation Actual vs Full Adj.
Annex 1 | Profit & Loss reconciliation Actual vs Full Adj. | €mtn Actual Actual Adj. Actual Actual Adj. FAH 25 Adj. FIH 25 FAH 26 Adj. FAH 26 Revenue 154.8 a 154.8 182.6 182.6 Other income 24 24 ene) 3,0 Total Revenue 156.9 2 156.9 185.7 185.7 ADJ DETAILS Operating Costs (117.5) 0.4 (117.1) (139.8)
Slide 19: Annex | Balance Sheet Statement
Annex 2 | Balance Sheet Statement | €mtn BDEXELANCE FY 25 4H 26 Intangible assets 266.6 262.4 Right of use 35.3 314 Property, plant and equipment 37.6 39.7 Holdings and other non-current assets 49.0 49.0 Non-current assets 358.6 3521 Inventory 69.4 73.7 Trade receivables 34,2 45.5 Other current asse
Slide 20: Annex | Current Dexelance shareholding structure
Annex 3 | Current Dexelance shareholding structure “ (1) Data updated as at 31 August 2026. BDEXELANCE § Tamburi Investment Partners 8,p.A. ™ Michele Gervasoni = Paolo Colonna ™ Management Treasury shares ™Free float 20
Slide 21: 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 22: Dexelance brands
DE XELANCE Italy China UK USA GERVASONI davide groppi Axelight MITON VERY wood sabe" wae GAMMA TURRI MERIDIAN| ROIDAG™ C=NACCH FLEXALIGHTING [Binova mohd