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
INTERIM FINANCIAL RESULTS AS AT 30 JUNE 2026 8 SEPTEMBER 2026 18.00 – 19.00 (CET)
Slide 2: First half 2026 highlights
First half 2026 highlights | Solid revenue and EBITDA growth, with 2Q organic margins improving both sequentially and YoY 182,6 mln 1H 26 Revenue (+17.9% YoY) ↳ Revenue growth driven by omnichannel go -to-market ↳ Organic perimeter -8.9% YoY • Kitchen&Systems and Lighting broadly resilient • Luxury
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 – 1 June 26 5 June 26 Terms set Rights offering Transaction completed Issue price: €1,5
Slide 4: DEXELANCE@Industry fairs and events: Salone del Mobile Milano 2026
DEXELANCE@Industry fairs and events | Salone del Mobile .Milano 2026 : Dexelance showcased all furniture brands through multiple product launches, alongside Binova’s participation in EuroCucina 4
Slide 5: DEXELANCE@Industry fairs and events: 3daysofdesign Copenhagen
DEXELANCE@Industry fairs and events | 3daysofdesign Copenhagen : Davide Groppi, Meridiani and Saba showcased their latest products by engaging local retail partners through dedicated events 5
Slide 6: DEXELANCE@Industry fairs and events: North America
DEXELANCE@Industry fairs and events | In the North America market, Gervasoni & Very Wood took part in Cruise Ship Interiors Expo in Miami, while Axolight participated in Illuminate at NeoCon in Chicago Discover the new Turri identity 6
Slide 7: DEXELANCE@Projects: House residential project in Miami
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 7
Slide 8: DEXELANCE@Projects: Villa Sea View, Rodi
DEXELANCE@Projects | Roda’s ORSON teak sunlounges furnished the poolside at Villa Sea View, one of the most exclusive resorts in Rodi, creating a five - star outdoor setting 8
Slide 9: Revenue breakdown by SBA
Revenue breakdown by SBA | + 18% revenue growth driven by Mohd consolidation, with organic performance projected to improve in the second half F2Q 25 F2Q 26 Δ F1H 25 F1H 26 Δ Furniture 33,9 29,7 -12,5% 63,6 55,1 -13,5% Lighting 8,8 8,8 -0,6% 17,2 16,5 -4,6% Kitchen&Systems 17,5 18,0 +2,5% 32,2 32,6
Slide 10: Revenue breakdown by channel
Revenue breakdown by channel |Excluding Mohd’s contribution, the slowdown in Soft Contract accounts for most of the weakness in Residential SBAs . Hard Contract is expected to recover in 2H F2Q 25 F2Q 26 Δ F1H 25 F1H 26 Δ Retail 47,6 55,2 +16,0% 86,6 104,1 +20,3% Soft Contract 12,7 22,6 +77,5% 26,5
Slide 11: Revenue breakdown by region
Revenue breakdown by region |Broad - based 2Q recovery across regions, supported also by solid organic performance, despite slower ROW reflecting Luxury Contract order trends . F2Q 25 F2Q 26 Δ F1H 25 F1H 26 Δ Italy 20,5 27,0 +31,4% 39,4 46,3 +17,5% Europe (excl. Italy) 28,5 36,4 +27,4% 51,0 71,2 +39
Slide 12: Financial results: M&A underpins revenue and profitability growth
Financial results | M&A underpins revenue and profitability growth , while resilient gross margins partially offset operating deleverage from a softer organic top line Profit & Loss | €mln Revenue F1H 25 % F1H 26 % Organic Total - 8.9% +17.9% Revenue 154,8 100,0% 182,6 100,0% Other income 2,1 1,3% 3
Slide 13: Financial results: 2Q margins marked a positive inflection YoY
Financial results | 2Q margins marked a positive inflection YoY, supported by effective cost control and disciplined fixed costs management Profit & Loss split by quarter | €mln 1Q 25 % 2Q 25 % 1Q 26 % 2Q 26 % Revenue 72,1 100,0% 82,7 100,0% 84,4 100,0% 98,2 100,0% Variable costs (49,2) (68,3%) (56,
Slide 14: 1H 26 financial results: capital increase drives net debt reduction
F 1H 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 | €mln Net Financial Position | €mln F1H 25 FY 25 F1H 26 Net bank debt FY 25 (52,7) Net bank debt ( long term ) (1) 17,
Slide 15: Order intake
Order intake | Progressive acceleration throughout 2Q . Year - to - date intake , ~flat YoY on the new consolidation perimeter, supports the Group’s expectations for year - end Year -to-date order intake 398,0 200,2 F12M 25 F1H 26 Luxury Contract Residential 15
Slide 16: 2026 Financial Calendar: Next key dates
2026 FINANCIAL CALENDAR : Next key dates 4 May Approval of the Interim Financial Information as of 31 March 2026 8 September Approval of the Half -year Financial Report as of 30 June 2026 11 November Approval of the Interim Financial Information as of 30 September 2026 16
Slide 17: Q&A Session
Q&A SESSION
Slide 18: Annex 1: Profit & Loss reconciliation Actual vs Full Adj.
Annex 1 | Profit & Loss reconciliation Actual vs Full Adj . | €mln Actual Actual Adj. Actual Actual Adj. F1H 25 Adj. F1H 25 F1H 26 Adj. F1H 26 Revenue 154,8 - 154,8 182,6 182,6 Other income 2,1 2,1 3,0 3,0 Total Revenue 156,9 - 156,9 185,7 185,7 ADJ DETAILS Operating Costs (117,5) 0,4 (117,1) (139,8
Slide 19: Annex 2: Balance Sheet Statement
Annex 2 | Balance Sheet Statement | €mln FY 25 1H 26 Intangible assets 266,6 262,4 Right of use 35,3 31,1 Property, plant and equipment 37,6 39,7 Holdings and other non-current assets 19,0 19,0 Non-current assets 358,6 352,1 Inventory 69,4 78,7 Trade receivables 34,2 45,5 Other current assets 13,0 9
Slide 20: Annex 3: Current Dexelance shareholding structure
Annex 3 | Current Dexelance shareholding structure (1) Investindesign S.p.A. (2) Fourleaf S.r.l. 38,6% Creazione di Valore S.r.l. 48,6% Management Treasury shares Free float 5,5% 5,1% 0,9% 1,3% (1) Data updated as at 31 August 2026. (2) Investindesign S.p.A. is controlled by Tamburi Investment Partn
Slide 21: Disclaimer
1 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 solicit
Slide 22: Office contacts
Italy Corso Venezia, 29 - 20121 Milano, Italy (+39) 02.83975225 China No.10, Lane 905, Huashan Road, Xuhui District , Shanghai, China (+86) 1811 5560 585 UK Unit 308 Harbour Yard, Chelsea Harbour London SW10 0XD (+44) (0) 7428382943 USA 192 Lexington Ave. New York, NY 10016, U.S.A. (+1) 929 684 9771