Dexelance · MIL:DEX
Dexelance — Investor Presentation (September 2025)
29 slides from Dexelance's investor presentation, September 2025
Slide 1: Dexelance Investor Presentation September 2025
DE XELANCE INVESTOR PRESENTATION SEPTEMBER 2025
Slide 2: Dexelance: a distinctive platform in the design sector
Dexelance: a distinctive platform in the design sector that pursues its growth path leveraging on key strategic drivers of value creation GERVASONI MERIDIANI 1282 * One of Italy's leading companies in high-end sabe" furniture and design, offering a full coverage of 1 TURRI RODIA home furnishing cate
Slide 3: One of Italy's leading industrial groups in design, lighting and furniture
One of Italy’s leading industrial groups in the design, lighting and high-quality furniture sector.. Revenue 2024F Historical Growth Organic Growth € 324,1mln ~B4% ~10% +4,3% vs FI2M 23 CAGR 15-24 Average annual 15-24 Adj. EBITDA 2024F Adj. Net Income 2024F) Cash Conversion) € 50,9 min € 23,2 mln ~6
Slide 4: Built through years of investments, experience and design craftsmanship
. 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 2016 2018 2020 2022 2025 Acquisition of Acquisition of
Slide 5: Portfolio of complementary brands with high-end positioning
.creating a portfolio of complementary brands with high-end positioning. SBA % Rev. PFU) | Companies { Overview GERVASONI MERIDIANI Elegant indoor and outdoor furniture for retailand contract solutions through Gervasoni and Very Wood brands Contemporary design collections for both living and sleepin
Slide 6: Food, Beverages & Restaurants Wine & Spirits
| ~25% • ~20-25% ~20% ~20% ~15-20% • • Core HEDF Personal Luxury Goods Food, Beverages & Wine & Spirits Luxury Yachts & Restaurants Jets
Slide 7: Proven growth track record, organic and M&A
and with a proven (and above reference market) growth track record, thanks to both organic and M&A opportunities Core HEDF market evolution (€bn | 2015-2024) _» +4/5% 48 aT — % © 4% 38 34 35 36 35 92 CAGR 15-'24E 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024E Dexelance evolution (€m | 2015-2024)
Slide 8: Balanced and well diversified global presence
¢ Balanced and well diversified global presence DEXELANCE's enjoys a very well diversified and balanced business model across geographies, product categories and distribution channels, providing for growth opportunities across different business cycles and market trends SBAM m Furniture Lighting mik
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• 30 20 10 0 (10) (20) (30) ▪ ▪ ▪ ▪ ▪ 9
Slide 10: Peculiar value-added strategy, leveraging on Group structure and network
* Peculiar value-added strategy, leveraging on Group structure and network A partnership model based on alignment of interests. designed to preserve companies’ autonomy and DNA while leveraging on Dexelance’s structure and network to realize full growth potential and access to synergies. At Dexelanc
Slide 11: Project promoting dialogue between art and design
Aproject aiming to promote the dialogue between art and design and their harmonious synergy. a path to embrace the different souls of the group's companies to iconic works by enhancing the italian and international cultural and artistic heritage. 7 { ssimo III, Arnaldo Pomodoro i Flagship Store, Via
Slide 12: Current Dexelance shareholding structure
Current Dexelance shareholding structure Investindesign S.p.A. is controlled by Tamburi Investment Partners SpA (TIP.MI) which mlnvestindesign SpA entered the holding company in May 2023, at Fourleaf Sr the same time as IPO. The “Other Shareholders’ are all the previous shareholders of Investindesig
Slide 13: Recent updates
Recent updates and 1H25 results BE XELANCE 13
Slide 14: Acquisition of a first 25.0% stake in Roda S.r.l.
Finalized in July the acquisition of a first 25.0% stake in Roda S.r.l., moving a key step into one of the most promising segments in the industry Founded in Gavirate (VA) in 1991, Roda is today an extremely prestigious player in the world of outdoor furniture, the first to develop a comprehensive v
Slide 15: Acquisition of a 65.0% stake in Mohd S.p.A.
Finalized in September the acquisition of a 65.0% stake Mohd S.p.A., leader in the high-end design distribution with a unique and highly innovative omnichannel business model + Foundedin Messinain 1968, Mohd reaches and inspires a global clientele, offering one of the widest selections of exclusive
Slide 16: 1H25 highlights
1H25 highlights | A semester full of initiatives with a strong focus on strategic expansion. Slight organic growth in a mid single-digit declining market and profitability impacted by non-recurring operating costs 154,8 mln 125 Revenue (+2.5% YoY) 4 Luxury Contract +44,7% 4 Kitchen&Systems +9,9% 4 L
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Slide 20: DEXELANCE@3daysofdesign, Copenhagen
DEXELANCE@S3daysofdesign, Copenhagen | Saba took part in the exhibition curated by the international magazine Openhouse; Meridiani renewed the display at its local Meridiani House and, for the first time. Davide Groppi participated to the event joining a collaborative installation by File Under Pop
Slide 21: DEXELANCE@Retail
DEXELANCE@Retail | Davide Groppi opened new shop-in-shops in Munich and Mumbai, landing in Germany and India with immersive locations designed to discover the brand’s magic and exclusive universe as well as capability for customized lighting projects c Qui In. collaboration with tho local partner Ni
Slide 22: Revenue breakdown by SBA
Revenue breakdown by SBA | +2.5% YoY in the first half fueled by strong 2Q in luxury contract and resilient growth by kitchen&systems and lighting companies F2Q 24 F2Q25 A FAH 24 AIH 25 A Furniture 383 33.9 11.5% 69.2 636 -8.1% Lighting 84 88 +5.8% 164 7.2 47.3% Kitchen&Systems 16.5 17.5 +6.1% 29.3
Slide 23: Revenue breakdown by channel
Revenue breakdown by channel | Notwithstanding residential businesses keep up overall stability in the first half. 2Q showed a slowdown both in retail and soft contract F2Q 24 F2Q25 A FIH 24 IH 25 Ly Retail 49.5 ATG -3,9% 87.5 €6.6 ~11% Soft Contract 13,7 127 -7,0% 27.0 26,5 - 2.1% Hard contract 154
Slide 24: Revenue breakdown by region
Revenue breakdown by region | Positive growth in almost all regions sustained by the performance of luxury contract F2Q24 F2Q A AIH 24 FH 25 A Italy 23.6 20.5 -12,8% 40.2 39,4 -2,0% Europe (excl. Italy) 247 28.5 +15,.8% 48.8 50.7 +3.8% North America 10.9 16.5 +52.0% 30.0 80.4 — +41% ROW 19.2 17.2 -1
Slide 25: 1H25 financial results
1H25 financial results | Profitability was affected by unforeseen higher operating costs, as well as by an increased Group cost structure following the recent multiple strategic and long-term investments Profit & Loss | €m Revenue Other income Total Revenue Operating Costs Added Value Personnel Cost
Slide 26: Net financial position
| 2Q 24 FY 24 2Q 25 Net bank debt (long term) 12,0 (5,2) 17,1 Minorities&earnout (mostly long term) * 68,9 62,0 54,3 IFRS16 (accounting item) 35,1 35,9 35,5 Others 0,8 4,9 5,0 PFN 116,7 97,6 111,9 PFN (ex IFRS16 ) 81,6 61,7 76,4 * only subject to figurative interest • •
Slide 27: 1H25 order intake
1H25 order intake | The permanence of weak market conditions affect near-term growth outlook. Dexelance keeps nurturing its brands to better seize upcoming opportunities in such a complex context 4 ge - < a Beats } ¢ ecco. i q - se % { Singledigt \ j/ \ decline \ ~ o t Meee eeee” i ’ "Luxury Contrac
Slide 28: 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 29: Dexelance
DE XELANCE GERVASONI 1882 Italia C=NACCHI China we UK GAMMA USA = mohd VERY wood davide groppi FLEXALIGHTING MERIDIAN| sebe" Axelight [Binova ROIDAG™