Belysse Group Nv · EURONEXT:BELYS
Belysse Group Nv — H1 2026 Earnings Presentation
12 slides from Belysse Group Nv's earnings presentation, Sep 4, 2026
Slide 1: H1 2026 Results
H1 2026 Results BELYSSE itc modulyss BENTLEY
Slide 2: Disclaimer
Disclaimer In considering any performance information contained herein, you should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurance that any entity referenced herein will achieve comparable results or that illustrative ret
Slide 3: Introduction
Introduction 1. H1 2026 Financial Summary 2. Financial Review 3. Conclusion 4. Q&A James Neuling François de Labarre Chief Executive Officer Interim Chief Financial Officer 3
Slide 4: H1 2026 Financial Summary
H1 2026 Financial Summary (4.5)% (8.5)% organic • H1 2026 Consolidated Revenue of €123.3m YoY Revenue • Revenue growth by division: growth • US 0.9% (4.0)% (consolidated) • Europe (20.5)% FX impact 4.4% (2.3)% organic • H1 2026 Consolidated Adjusted EBITDA of €16.8m YoY Adj. EBITDA • US €16.1m growt
Slide 5: Financial Review
Financial Review
Slide 6: Q2 2026 Group Revenue
Q2 2026 Group Revenue €m • 2Q26 consolidated revenue was €62.0m (-8.0% YoY of which -2.0% FX) • US revenue increased by +1.1% (+4.4% organic, -3.3% FX) • In Europe, revenue decreased by -22.0% (22.0)% 1.1% Q2 Growth (€m) Q2 Growth (%) Organic (4.0) (6.0)% FX Impact (1.3) (2.0)% Reported (5.3) (8.0)%
Slide 7: H1 2026 Group Revenue
H1 2026 Group Revenue €m • H1 2026 consolidated Group Revenue was €123.3m (-8.5% YoY of which -4.0%FX) • In US, H1 2026 volumes grew vs. prior year driven by improved customer demand, particularly in the corporate, education and government segments. The revenue in US dollar terms was up by 7.9% • In
Slide 8: H1 2026 Group Adjusted EBITDA
H1 2026 Group Adjusted EBITDA Adj. EBITDA Margin (%) • H1 2026 Adjusted EBITDA was €16.8m (-2.3% YoY) with an €m 12.8% 13.7% Adjusted EBITDA margin of 13.7% (versus 12.8% in H1 2025). Adjusted EBITDA increased organically but was negatively impacted by the translation of Bentley Mills results due to
Slide 9: Cash Flow
H1 2026 Cash Flow • Cash at the end of H1 2026 was at €22.0m • The Adjusted EBITDA of €16.8m was partly offset by €8.8m increase in Trade Working Capital (TWC) and €2.1m increase in Other Working Capital (OWC) • During H1 2026, €2.0m of Net Income Tax was paid, alongside €4.0m in Capital Expenditure
Slide 10: Leverage stands at 4.95x, excluding IFRS 16 lease liabilities
Leverage1 stands at 4.95x, excluding IFRS 16 lease liabilities Reported Adjusted EBITDA (€m) • Net Debt at the end of the period was €147.6m (including €22.0m related to IFRS16 lease liabilities) • Net Leverage was 4,95x at the end of H1 2026 • Total available liquidity (including headroom under the
Slide 11: Conclusion
Conclusion 11 • H1 2026 Consolidated Revenue was €123.3m and Adjusted EBITDA was €16.8m, resulting in an Adjusted EBITDA margin of 13.7% • In the US, the H1 2026 adjusted EBITDA improved by 10.6% in US dollar terms. The weakening US dollar had a negative effect (-7.0%) on the reported revenue and EB
Slide 12: Q&A Session
Q&A Session Next Scheduled Event Q3 2026 trading update October 2026