De'longhi S.p.a. · MIL:DLG
De'longhi — Q1 2026 Earnings Presentation
16 slides from De'longhi's earnings presentation, May 12, 2026
Slide 1: Q1 2026 Results presentation
Q1 2026 Results presentation May 12th 2026
Slide 2: Q1 2026 Results
Q1 2026 Results This presentation might contain certain forward-looking statements that reflect the company’s current views with respect to future events and financial and operational performance of the company and its subsidiaries. Forward looking statements are based on De' Longhi’s current expect
Slide 3: Definitions used in this presentation
Q1 2026 Results In this presentation: • “Adjusted” stands for before non recurring items and cost of the share-based incentive plans • “Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives; • “ForEx” or “FX” stand for Foreign Exchange Rates; •
Slide 4: Q1 2026 Results
Q1 2026 Results
Slide 5: Q1 2026 Results
Q1 2026 Results
Slide 6: Big Campaign Idea: The Smallest Coffee Shop at Home
Q1 2026 Results 1 1500 5 55+ 3000+ Big Campaign Idea: Hours of De’Longhi Coffee Influencers & Consumer visits + The Smallest Coffee craftsmanship with Machines journalists from coffees consumed Shop at Home designer Simon Weisse reimagined over 12 markets
Slide 7: Solid performance, positive organic growth in household and outstanding professional growth
YoY at constant fx Solid performance, sustained by +80bps margin expansion, positive organic growth in driven by professional division household and an outstanding expansion and slight moderation 40% growth in professional in household margins Further balance sheet Solid FCF generation supporting a
Slide 8: Q1 2026 Results
Q1 2026 Results at constant fx
Slide 9: Revenues by product category
Q1 2026 Results Home Coffee Nutrition Other Professional Coffee Including accessories Slightly negative Down mid-single Up low-single Up double digit digit digit Reported figures
Slide 10: Revenues by region
Q1 2026 Results Europe America APAC MEIA Reported Up low-single Up high-single Up high-single Down mid-single figures digit digit digit digit Constant Up low-single Up mid-single Up high-teens Up high-teens FX digit digit
Slide 11: Adjusted EBITDA
Q1 2026 Results In the quarter: Adjusted EBITDA amounted to €126 million, or 16.2% of revenues, an improvement of 80 basis points compared to the previous year. This improvement was mainly supported by the strong growth of the Professional division, which carries margins above the Group average.
Slide 12: Margin drivers
Q1 2026 Results Among others: Lower product costs Higher US duties
Slide 13: Net cash position and free cash flow
Q1 2026 Results In March 2026, the Group's Net Cash Position stood at € 721 million, representing a significant improvement compared to €482.8 million the previous year; Free Cash Flow (before dividends, buybacks, and acquisitions) was negative at €44.1 million in the quarter. This was due to ty
Slide 14: Net Cash Flow (Q1 2026)
Q1 2026 Results NET CASH FLOW (Q1 2026) 770 NFP @ 31Dec25 131 Cash flow from current operations (167) Cash flow from NWC (19) Capex 11 Other (44) FCF before dividends, buyback and M&A (5) Dividends, buyback & M&A DéLonghi Group NFP @ 31Mar26
Slide 15: Household and professional growth priorities
Household business growth, capitalizing Volume expansion coupled with a better mix on positive coffee market developments and expanding categories through product Continued investment in A&P to support innovation and strategic A&P investments growth, while optimizing cost incidence on revenues
Slide 16: Contacts
Contacts: Investor Relations: Samuele Chiodetto, Sara Mazzocato T: +39 0422 4131 e-mail: investor.relations@delonghigroup.com Media relations: T: +39 0422 4131 e-mail: media.relations@delonghigroup.com On the web: www.delonghigroup.com