Neodecortech Spa · MIL:NDT
Neodecortech Spa — H1 2026 Earnings Presentation
39 slides from Neodecortech Spa's earnings presentation, Aug 6, 2026
Slide 1: Investor Presentation H1 2026 Results
INVESTOR PRESENTATION H1 2026 RESULTS Aug. 6, 2026
Slide 2: Today's Speakers
2 TODAY’S SPEAKERS LUIGI COLOGNI – CEO, 2005 • 62, Degree in Business Administration, MBA from Bocconi University • Since the 1990s: gained experience in the furniture industry, working for multinational companies • Since 2005, joined Confalonieri S.p.A. (now NEODECORTECH), where he currently serves
Slide 3: Index
3 INDEX 1. COMPANY OVERVIEW 2. H1 2026 FINANCIAL RESULTS 3. FUTURE OUTLOOK & GROWTH STRATEGY 4. ESG APPROACH 5. APPENDIX
Slide 4: 1. Company Overview
1. COMPANY OVERVIEW
Slide 5: Neodecortech at a Glance
1. Company overview 5 NEODECORTECH AT A GLANCE Providing the interior design industry with high-end suite of solutions Business strategy enhanced by distinctive Italian flair for a sustainable living ESG purpose FILAGO SPILIMBERGO Printing, Impre gnation Lamination Lacqu ering, Embos sing 75+ YEARS
Slide 6: More Than 75 Years of Experience
1. Company overview 6 MORE THAN 75 YEARS OF EXPERIENCE A Group with a rich heritage and a broad portfolio of high-end design solutions, supported by an experienced management. Since 2015, the Company has accelerated its diversification process by welcoming new brands and products. 1947 1960 1991 200
Slide 7: Strategic Positioning
1. Company overview 7 STRATEGIC POSITIONING Neodecortech is positioned in a segment characterized by a diversified offer of high-quality products, oriented towards a “design” range and far from the mass market. + HIGH Small niche Big diversified PRICE producers groups - LIMITED PRODUCT OFFERING RANG
Slide 8: Integrated Business Model
1. Company overview 8 INTEGRATED BUSINESS MODEL The Group oversees the entire decorative paper production process — from paper manufacturing to surface finishing, impregnation, final product, and end-of-line logistics. Its production facilities are fully integrated with an energy plant, offering sig
Slide 9: Diversified Portfolio of 1000+ Decors
1. Company overview 9 DIVERSIFIED PORTFOLIO OF 1000+ DECORS A wide range of solutions divided into 8 families EOSTP nextVeneer Decor Paper Finish Foil nextVeneer CPL Melamine Films Thin Top Micro Top Finish Foil nextVeneer Thin Top EOSLAMINATO PPF for Luxury Vinyl Tiles Melamine Films
Slide 10: Strong Brands for a Complete Made in Italy Offer
1. Company overview 10 STRONG BRANDS FOR A COMPLETE MADE IN ITALY OFFER • Base paper • Printed decorative papers (DEC) • EOS Thermo Plastic (rPET) • Unicolors • Melamine-impregnated papers (MEL) • Polymeric printed films (PPF) addressed • Balancing paper • Finish-foils mainly for the furniture, for
Slide 11: Sustainable Use of Resources & Circular Economy
1. Company overview 11 SUSTAINABLE USE OF RESOURCES & CIRCULAR ECONOMY Vertical integration benefits based on the circular economy approach PAPER THERMOPLASTIC FILM PRODUCTION PRODUCTION PVC & rPET PRODUCERS PAPER WASTE THERMOPLASTIC FILM RECYCLE WASTE RECYCLE 65% of fuel used by our power plant der
Slide 12: Carbon Neutrality
1. Company overview 12 CARBON NEUTRALITY From 2023 onward the Group is Carbon neutral scope 1 + 2 2025 Neu tralization and Offsetting (Sc op e 1+2) 30,0 00 20,0 00 10,0 00 22,549 19,374 0 0 -3,175 -10,000 -19,525 -19,374 -20,000 BEG Contribution and PV OFFSETTING Program OFFSETTING Program Zero resi
Slide 13: 2. Financial Results
2. FINANCIAL RESULTS
Slide 14: H1 2026 – Key Financials
2. Financial results 14 H1 2026 – KEY FINANCIALS Revenue EBITDA EBITDA Margin Net Result 97,7 Mln 15,6 Mln 16,0% 9,1 Mln +8,0% equal to +7,2 Mln +69,3% equal to +6,4 Mln +227,4% equal to +6,3 Mln compared to H1 2025 (90,4 Mln) compared to H1 2025 (9,2 Mln) 11,7% adj BEG compared to H1 2025 (2,8 Mln)
Slide 15: Net Sales and Sales Mix
2. Financial results 15 NET SALES - €/M SALES MIX H1 2025 – H1 2026 H1 2026 Net Sales (€/M) End uses Geography (excluded BEG) 150 6,4% Asia 5,0% Americas & Middle East 97,7 0,3% Oceania 100 90,4 10,7% Flooring 2,7% Africa 25.9 27.7 26,7 50 27.7 0.8 0.1 44.3 34.9 89,3% Furniture 48,3% Europe 37,4% It
Slide 16: EBITDA & EBITDA Margin
2. Financial results 16 EBITDA & EBITDA MARGIN - €/M H1 2025 – H1 2026 Statutory FS 15,6 53.4 9,2 98.2 16.2 16.0% 13.0 10.2% 4.8 15.6 10,8 H1 2025 H1 2026 Re ven ue Raw Material Oth er o p. Perso nal co sts EBITDA BE G Ad j EBITDA Adj (in cl. Δ in expend itu re s Invento ries o f W iP , EBITDA EBITD
Slide 17: EBITDA & EBITDA Margin (Normalized)
2. Financial results 17 EBITDA & EBITDA MARGIN - €/M H1 2025 – H1 2026 normalized from specific period effects Statutory FS Adj. BEG H1 2026 LMX proforma H1 2025 - Adj. BEG H1 2026 15,6 10,8 10,8 10,6 9,2 9,2 1.4 10.8 9.2 16.0% 16.0% 16.0% 10.2% 10.9% 11.7% 11.7% 10.2% 10.2% 10.2% H1 2025 H1 2026 H1
Slide 18: EBIT
2. Financial results 18 EBIT - €/M H1 2025 – H1 2026 normalized from specific period effects Statutory FS Statutory FS (Adj. BEG) Statutory FS (Adj. BEG and LMX proforma) 11,4 6,6 6,6 5.4 6,6 4,4 4,4 1.0 4.4 11.7% 11.7% 11.7% 7.1% 5,3% 7,1% 4,8% 4.8% 4.8% 4,8% H1 2025 H1 2026 H1 2025 H1 2026 H1 2025
Slide 19: Net Income
2. Financial results 19 NET INCOME - €/M H1 2025 – H1 2026 normalized from specific period effects Statutory FS Statutory FS (Adj. BEG) Statutory FS (Adj BEG and LMX proforma) 9.1 5,0 5,0 3.5 5,0 2.8 2,8 0.7 9.3% 9,3% 2.8 9.3% 3,1% 5,4% 3,4% 5.4% 3.1% 3,1% 3,1% H1 2025 H1 2026 H1 2025 H1 2026 H1 202
Slide 20: Net Financial Position
2. Financial results 20 NET FINANCIAL POSITION - €/M H1 2025 - FY 2025 - H1 2026 FY 2025 H1 2026 45.0 40,8 40.0 NFP 30,90 19,90 35.0 15.8 30,9 EBITDA rolling 20,90 27,30* 30.0 25.0 3.5 0.6 19,9 NFP / EBITDA 1,99 0,73* 20.0 21.4 15.0 10.0 20.9 18.1 including Lamitex contribution 5.0 9.5 0.0 1.8 EBITD
Slide 21: Cash Flow Analysis
2. Financial results 21 CASH FLOW ANALYSIS - €/M H1 2026 35.0 2.6 4.2 30.0 3.8 0.4 25.0 15.4 14.8 20.0 15.0 2.1 10.0 15.0 10.9 5.0 0.0 Cash Operational Cash NWC Changes Other Capex Intangibles Banks Debts and Dividends Payment Cash 31/12/2025 flow Changes Leasing 30/06/2026
Slide 22: 3. Future Outlook & Growth Strategy
3. FUTURE OUTLOOK & GROWTH STRATEGY
Slide 23: Future Outlook
3. Future outlook & Growth strategy 23 FUTURE OUTLOOK Geopolitical context: increasing complexity (Ukraine war, Usa-Israel-Iran conflict, USA–China commercial conflict), with impacts on strategic raw materials (pulp, titanium dioxide, animal by-products, energy, plastic film, resin) Further push to
Slide 24: Growth Strategy
3. Future outlook & Growth strategy 24 GROWTH STRATEGY Focus on higher-margin products (laminates, films) Maximize cross-selling with Neodecortech Key project on Kraft paper Extension of operating period
Slide 25: 4. ESG Approach
4. ESG APPROACH
Slide 26: 2030 UN Sustainable Development Goals
4. ESG approach 26 2030 UN SUSTAINABLE DEVELOPMENT GOALS Neodecortech has identified 13 targets it can tangibly contribute to through its own businesses and production environment, identifying for each one commitments and performance indicators. 1 2 3 4 5 6 Go o d healt h and No poverty Zero hun ger
Slide 27: Certifications
4. ESG approach 27 CERTIFICATIONS System certifications Product certifications 9001:2015 14001:2015 *Neodecortech S.p.A. only 45001:2018 50001:2018 **Cartiere di Guarcino S.p.A. only **Cartiere di Guarcino S.p.A. only
Slide 28: Economics & Environmental Saving Projects
4. ESG approach 28 Economics & Environmental saving projects 2025 summary Saving K€ Environmental Projects yearly basis Details / Notes Impact Unit Secondary raw material Secondary raw material used 20,5% Recycling and waste 1.293 Tons of recycled and Recovered waste 1.782 recovered waste Emission 5
Slide 29: Disclaimer
29 DISCLAIMER This document has been prepared by Neodecortech S.p.A. (“NEODECORTECH”) NEODECORTECH expressly disclaims any obligation or undertaking to disseminate any solely for use in connection with the presentation of the Company to potential investors updates or revisions to any forward-looking
Slide 30: Appendix
APPENDIX Shareholders and market data Financial Results Key Contacts
Slide 31: Adoption of Best Practice in Transparency and Corporate Governance
Appendix 31 ADOPTION OF BEST PRACTICE IN TRANSPARENCY AND CORPORATE GOVERNANCE Since 2021, the Company has been listed on the STAR segment of Euronext Milan and is committed to fulfill strict requirements, in terms of liquidity, transparency and corporate governance. PRIVATE COMPANY 26.09.2017 25.05
Slide 32: Environmental Highlights
Appendix 32 ENVIRONMENTAL HIGHLIGHTS at 31.12.2025 Scope 1 and Scope 2 Energy consumption on site for market-based emissions production Water withdrawals Waste produced 22.548 Ton CO2 188.024 MWh 1.428 K cubic meters 5.942 Tons -3,5% incidence tons of paper Incidence per ton of paper equivalent equa
Slide 33: Income Statement
Appendix 33 INCOME STATEMENT H1 2026 – H1 2025 30 JUNE 30 JUNE (Euro thousands) 2026 % 2025 % Change Change % Revenue from sales and services 97.650 100,0% 90.425 100,0% 7.225 8,0% Changes in work in progress, semi-finished and finished products (2.544) (2,6%) 3.166 3,5% (5.710) (180,4%) Other reven
Slide 34: Balance Sheet Statement – Assets
Appendix 34 BALANCE SHEET STATEMENT – ASSETS H1 2026 – FY 2025 30 JUNE 31 DECEMBER Assets (Euro thousands) 2026 % 2025 % Change Change % Intangible assets 9.369 5,0% 9.762 5,2% (393) (4,0%) Tangible assets 77.737 41,5% 77.318 41,2% 419 0,5% Equity investments 2 0,0% 2 0,0% 0 0,0% Other non-current a
Slide 35: Balance Sheet Statement – Equity and Liabilities
Appendix 35 BALANCE SHEET STATEMENT – EQUITY AND LIABILITIES H1 2026 – FY 2025 30 JUNE 31 DECEMBER Equity and Liabilities (Euro thousands) 2026 % 2025 % Change Change % Share capital 18.804 10,0% 18.804 10,0% 0 0,0% Share premium reserve 19.188 10,2% 19.188 10,2% 0 0,0% Other reserves 37.617 20,1% 3
Slide 36: Net Financial Position
Appendix 36 NET FINANCIAL POSITION H1 2026 – H1 2025 30 JUNE 31 DECEMBER 30 JUNE (Euro thousands) 2026 2025 Change Change % 2025 Change A. Cash funds 10.944 15.030 (4.086) (27,2%) 5.485 5.459 B. Cash and cash equivalents 0 0 0 0,0% 0 0 C. Other current financial assets 0 0 0 0 0 0 D. Cash (A+ B + C)
Slide 37: Consolidated Debt Maturity at 30 June 2026
Appendix 37 CONSOLIDATED DEBT MATURITY at 30 June 2026 Debt Repayment plan (€/ M) One covenants on CDG long term debts 10 10,2 9 25% Fixed rate 8 5,8 8,0 7 6 5,2 5 4 2,5 3 4,4 1,9 2 1,5 1,1 1 0.7 0 2026 2027 2028 2029 2030 2031 2032 >=2033 75% Variable rate To be refunded Refunded weighted average R
Slide 38: Key Contacts
Appendix 38 KEY CONTACTS ISSUER INVESTOR RELATIONS SPECIALIST INVESTOR AND MEDIA RELATIONS SUPPO RT Mara Di Giorgio Luigi Cologni – CEO & Investor Lorenzo Edmondo Bondi Federico Bagatella relator Marina Fumagalli - CFO Email: Elena Filippi Email: investor.relations@neodecortech.it lorenzoedmondo.bon
Slide 39: Neodecortech – Decors and surfaces for sustainable living
NEO DECOR TECH Decors and surfaces for sustainable living.