B&c Speakers S.p.a. · MIL:BEC
B&c Speakers — Euronext Milan STAR Conference 2026
24 slides from B&c Speakers's conference presentation, March 2026
Slide 1: Investors Presentation
INVESTORS PRESENTATION Global leader in professional electroacustic transducers Euronext Milan- 2026 Star Conference
Slide 2: 01. Company Overview
01. Company Overview
Slide 3: Why B&C Speakers
INVESTMENT PROPOSITION WHY B&C SPEAKERS Six compelling reasons to invest in a world-class industrial Group with over seven decades of engineering heritage. Global Technological Leadership 1 More than 70 years of engineering expertise in professional electroacoustic transducers. 4 High-Margin Industr
Slide 4: Key Financial Highlights FY 2025
FY 2025 KEY FINANCIAL HIGHLIGHTS €99M €19M €10M € 0,2M Total revenues EBITDA Net profit NFP Constant FX in line with previous YR 19,3% Margin 10,2% Margin Strong cash generation in 2025 358 80+ Employees Countries Served Skilled global workforce. Extensive international commercial reach. Dividend Pr
Slide 5: An Integrated Industrial Platform
COMPANY OVERVIEW AN INTEGRATED INDUSTRIAL PLATFORM B&C Speakers: global leader in professional electroacoustic transducers with over 70 years of industry expertise. Headquarter based in Bagno a Ripoli (Florence). The Group operates a fully integrated industrial platform spanning research, engineerin
Slide 6: Vertically and Integrated Business Model
BUSINESS MODEL VERTICALLY AND INTEGRATED BUSINESS MODEL The end-to-end model enables the Group to mantain strict quality standards, protect intellectual property and respond rapidly to rapidly to the evolving requirements of its global OEM customer base. R&D Proprietary Manufacturing Distribution In
Slide 7: Dual Commercial Strategy
REVENUE MODEL DUAL COMMERCIAL STRATEGY Custom products Catalogue Products 71% 29% Custom-designed components Standardised products distributed developed in close technical cooperation through a global network of authorized with leading professional audio distributors spanning more than 80 manufactur
Slide 8: Multi-Brand Strategy
BRAND PORTFOLIO MULTI-BRAND STRATEGY B&C Speakers four distinct brands address complementary market segments, maximising total addressable market coverage while maintaining clear positioning and brand equity. Technology-driven Premium professional Historic Italian brand Historic American professiona
Slide 9: A Wide Range of High Quality Products
PRODUCT PORTFOLIO A WIDE RANGE OF HIGHT QUALITY PRODUCTS LOW-FREQUENCY DRIVERS HIGH-FREQUENCY DRIVERS COAXIALS COMPONENTS 58% of revenues 27% of revenues 13% of revenues OTHER PRODUCTS TWEETERS TRIAXIALS HORNS CROSSOVERS 9
Slide 10: Primary Range of Products
PRODUCT PORTFOLIO PRIMARY RANGE OF PRODUCTS LOW-FREQUENCY DRIVERS HIGH-FREQUENCY DRIVERS COAXIALS COMPONENTS 58% of revenues 27% of revenues 13% of revenues B&C, the first to launch the HPL series in The use of Neodymium magnets in B&C Coaxial loudspeakers combine the 1998, is today a leader in the
Slide 11: Structural Long Term Growth Drivers
MARKET DRIVERS STRUCTURAL LONG TERM GROWTH DRIVERS The global professional audio market underpinned by structural demand for high-quality sound reinforcement, installed audio solution and portable systems. Live Entertainment & Touring The post-pandemic recovery and ongoing expansion of live events i
Slide 12: Strategic Agenda
STRATEGIC PRIORITIES STRATEGIC AGENDA The Group is focus on four vectors each targeting distincti market opportunities aligned with the Group’s capabilities. 1 2 Touring & Rental Leadership Instrument Amplifier Expansion Strengthening technological leadership in the Touring & Rental segment Global r
Slide 13: Strong Cash Generation & Shareholder Returns
SHAREHOLDER VALUE STRONG CASH GENERATION & SHAREHOLDER RETURNS B&C Speakers Group continues to demonstrate robust operating profitability and disciplined cash generation, underpinning a consistent and attractive dividend policy. The Group's capital allocation framework balances investment in organic
Slide 14: 04. Key Financials
04. Key Financials
Slide 15: P&L Track Record: Revenues & Gross Margin
KEY FINANCIALS P&L TRACK RECORD: REVENUES & GROSS MARGIN Revenues Gross Margin €/million €/million 50,0 38% 100,4 45,0 37% 37% 94,0 99,1 37% 40,0 36% 36,40% 82,1 35,0 37% 30,0 34,7 37,1 36,1 25,0 29,9 36% 20,0 36% 45,2 36% 15,0 10,0 16,1 35% 5,0 - 35% 2021 2022 2023 2024 2025 2021 2022 2023 2024 202
Slide 16: P&L Track Record: EBITDA, EBIT & Net Result
KEY FINANCIALS P&L TRACK RECORD: EBITDA, EBIT & NET RESULT EBITDA EBIT Net Result €/million €/million €/million 35,0 30,0 30,0% 30,0% 20,0 18% 20% 24,7% 18,0 18% 30,0 23,2% 25,0 25,0% 22,1% 25,0% 15% 21,7% 20,8% 16,0 15% 18,2 16% 19,0% 19,0% 25,0 14,0 11% 14% 20,0 20,0% 20,0% 19,30% 20,0 14,5% 12,0
Slide 17: Cash Flow Generation Track Record
KEY FINANCIALS CASH FLOW GENERATION TRACK RECORD FCF generated per year CF Conversion Ratio – FCF/EBITDA % €/million 1,500 1,300 18,3 1,100 ,900 84% 12,9 ,700 Strong cash flow generation ,500 60% and improving financial 13,0 ,300 68% ,100 29% discipline. 1,8 9% 1,9 (,100) The financial position is 2
Slide 18: Key Stock Information
KEY FINANCIALS KEY STOCK INFORMATION EPS - DPS – Dividend Pay Out – Dividend Yield 1,8 75% 80% 70% 1,6 70% 1,62 62% 1,4 53% 55% 60% 1,2 1,28 50% 1 1,13 1,00 40% 0,8 0,93 30% 0,6 0,70 0,70 0,60 20% 0,4 0,46 6,0% 0,2 0,32 4,1% 4,8% 4,4% 10% 2,4% 0 0% 2021 2022 2023 2024 2025 EPS (€) DPS (€) Dividend P
Slide 19: 05. Appendix
05. Appendix
Slide 20: Profit & Loss
PROFIT & LOSS 12 months 12 months (€ thousands) Incidence Incidence 2025 2024 Revenues 99.107 100,0% 100.369 100,0% Cost of sales (62.994) -63,6% (63.295) -63,1% Gross margin 36.112 36,4% 37.074 36,9% Ebitda 19.177 19,3% 21.778 21,7% Earning before interest and taxes (Ebit) 16.247 16,4% 19.047 19,0%
Slide 21: Balance Sheet
BALANCE SHEET 31 December 31 December (€ thousands) 2025 2024 Change Property, plant & Equipment 11.619 12.409 (790) Inventories 29.349 29.953 (604) Trade receivables 20.402 20.128 274 Other receivables 5.465 5.237 228 Trade payables (10.473) (9.982) (491) Other payables (3.768) (3.662) (106) Workin
Slide 22: Cash Flow
CASH FLOW Consolidated statement of cash flows 2025 2024 C A- Net current bank balances at the beginning of the period 6.719 11.905 Cash flow from investing activities - B- Cash flow from operating activities (Investments) in non current tangible assets (2.018) (2.220) Profit/loss for the period (In
Slide 23: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements in this slide show, including those addressing the Company’s beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statement. They are based on the assumptions, beliefs and expectations of our managem
Slide 24: Contacts
CONTACTS Investors Relations Office Lorenzo Coppini - CEO Via Poggiomoro, 1 – Vallina, Francesco Spapperi - CFO Bagno a Ripoli (FI), 50012, Italy Davide Norelli - Controller Phone: +39 055 6572303 E-mail investors@bcspeakers.com