Magis S.p.a. · MIL:MGS
Magis — FY2025 Earnings Presentation
29 slides from Magis's earnings presentation, March 2026
Slide 1: FY 2025 Business Results Presentations
FY 2025 Business Results Presentations
Slide 2: Disclaimer
2 Disclaimer The information contained in this presentation (the “Presentation”) has been prepared by Magis S.p.A. (the “Company” or “Magis”) for the sole purpose of the presentation made to you concerning the Company. This Presentation and the information contained herein are strictly confidential.
Slide 3: Agenda
Agenda Key Messages 2025 RESULTS COMPANY PROFILE 2025 - Results REFERENCE MARKET Company Profile APPENDIX – FINANCIAL INSTRUMENTS FY 2025 BUSINESS RESULTS
Slide 4: Key Messages
4 Key Messages
Slide 5: Outlook & Investment
5 Outlook & Investment Hot-Melt coating line – go-live Jan-2027: replaces legacy assets; improves efficiency and product quality while significantly increasing production capacity; ESG-aligned.. Body Care capacity – by YE: addi onal machinery in opera on to support structural demand growth. Opera on
Slide 6: Our Strategic Strengths
6 Our Strategic Innovation: Efficient capacity Our Strategic Positioning: two distinct Strengths We have four allocation business technicians in across segments: our R&D segments: Our Body Care department flexibility A Modern and (28% of We leverage on two dedicated to allows us to Efficient revenue
Slide 7: Strategic Actions to support growth: Adhesive Tapes
7 Strategic Actions to support growth Adhesive Tapes Focus on consolidating our position in the European market, particularly on high value-added products such as printed tapes and specialty solutions. Strengthening our portfolio by prioritizing premium and differentiated items that enhance margins
Slide 8: Strategic Actions to support growth: Body Care
8 Strategic Actions to support growth Body Care Consolidate our position in strategic markets In Europe, growth in the incontinence segment driven by the rising average age of the population allows Magis to maintain a stable presence, supported by high flexibility and rapid responsiveness to strateg
Slide 9: 2025 Results
9 2025 Results
Slide 10: Highlights FY2025
10 Highlights Challenging year marked by a significant increase in raw material costs within a particularly difficult economic environment for the packaging market. Body Care grew FY2025 by 5,31%, supported by the new laminator line entering into operation and by an expanding market. Body Care now a
Slide 11: 2025 - KPIs
11 2025 - KPIs 79,7 76,0 Revenues In 2025 we recorded a slight decrease in revenues due to a challenging market environment, particularly in the packaging sector, combined with rising raw material costs. We chose to support our customers during this difficult period by maintaining our volumes and av
Slide 12: 2025 - KPIs
12 2025 - KPIs 35,0% 30,0% EBITDA Margin 25,0% 18,7% In the 2025, we focused on selling premium products and premium 20,0% customers in a challenging market. Thanks to our two divisions and the 15,0% 11,1% breadth of our product portfolio, we maintained a favorable position. 10,0% 5,0% 0,0% 2024A 20
Slide 13: Revenues Breakdown
13 Revenues Breakdown Revenues by Revenues by product Geographic Area Italy Others 35% Body Care 34% 28% UK 6% Germany Adhesive tapes 10% 72% France 15% Adhesive tapes Body Care Italy Germany France UK Others FY 2025 BUSINESS RESULTS
Slide 14: Revenue Breakdown by Product – 2025
14 Revenue Breakdown by Product – 2025 € mln 80,0 76,0 70,0 Body care Other 60,0 Total 50,0 40,0 30,0 21,0 19,2 20,0 14,5 13,4 10,0 4,7 3,2 0,0 Plain tapes Printed tapes Speciality tapes Side Tapes Frontal Landing Other Tigil Total ADHESIVE TAPES 54,7 MIL BODY CARE 21,3 MIL PRINTED TAPE AND BODY CAR
Slide 15: Net Working Capital
15 Net Working Capital - Trade receivables The increase in trade receivables reflects the commercial strategy introduced in 2025 to navigate a delicate macroeconomic 1,4 2,3 environment impacting both premium and new customers. As part of this € mln 12,7 strategy, we ran a customer acquisition campa
Slide 16: NFP 2025 walkthrough
16 NFP 2025 walkthrough € mln FY 2025 BUSINESS RESULTS Source: Management
Slide 17: P&L 2025 – ITA GAAP
17 P&L 2025 – ITA GAAP PROFIT AND LOSS ACCOUNT 2024A 2025A Revenues from sales and services 79.745 75.989 Changes in inventories of work in progress, semi-finished and finished Revenue in 2025 revenues slightly declined due to market challenges in products 3.104 (29) Packaging and rising raw materia
Slide 18: Balance Sheet 2025 ITA GAAP
18 Balance Sheet 2025 ITA GAAP Balance Sheet 2024A 2025A € '000 % NIC € '000 % NIC Intangible fixed assets 3.026 2.878 Tangible fixed assets 21.701 21.614 Finacial fixed assets 5 5 Net Working Capital and Cash Generations Total fixed assets 24.732 76% 24.498 65% Inventories 17.875 13.616 In 2025 Net
Slide 19: Cash Flow 2025
19 Cash Flow 2025 Cash flow 2024A 2025A EBIT 12.108 5.079 Current, deferred and prepaid income taxes for the Cash from operating activities year (2.940) (1.175) Amortisation, depreciation and write downs 3.126 3.522 OCF Operating cash flow is influenced by the - ∆ NWC 2.380 (5.444) variation in Net
Slide 20: Company Profile
20 Company Profile
Slide 21: Shareholder Structure
21 Shareholder Structure TIGIL S.r.l.* 3,19% Mercato 29,46% ALEMA S.rl. 28,72% Lazard Frères Gestion S.A.S. 5,20% ALI – IPO Club 5,91% FRAMA S.r.l. 27,52% TIGIL S.r.l.* ALEMA S.rl. FRAMA S.r.l. ALI – IPO Club Lazard Frères Gestion S.A.S. Mercato FY 2025 BUSINESS RESULTS
Slide 22: Our Governance Model
22 Our Governance Model Area Manager FY 2025 BUSINESS RESULTS
Slide 23: Positioning along the value chain: internal management of the entire production process
Positioning along the value chain: internal management 23 of the entire production process Producers of raw Production Distribution Clients materials Rubbers, SUPPLIERS Plastic film Paints Printers resins, oils DIRECT BUSINESS RELATIONS Logistics SUPPLIERS OF ~ 40% revenues 2025A RAW MATERIALS FOR A
Slide 24: Product Portfolio
24 Product Portfolio Packaging, fixing Waterproof fixing and 72% Revenues 2025 and canning insulation (gardening, Marketed through brands Magis & Argo Tape plumbing, etc.) ADHESIVE TAPES BOPP, BOPET DUCT TAPE PATENTS Paper ribbons for FREEZER TAPE 2626-1-IT 2664-1-EP PET tape, packaging Semi-finishe
Slide 25: Present on all tape technologies except solvent-based and on all materials except PVC
Present on all tape technologies except solvent-based 25 and on all materials except PVC Magis’ perimeter Uncovered perimeter SUPPORTING MATERIALS PET PP PE PVC POLYETHYLENE PAPER POLYPROPYLENE POLYETHYLENE POLYVINYL CHLORIDE TEREPHTHALATE ▪ Also known as microphone ▪ Resistant to UV rays and ▪ Gene
Slide 26: Positioning with respect to competitors
26 Positioning with respect to competitors CUSTOMISED ACRYLIC HOT MELT RECYCLED SECURITY FREEZER DUCT SIDE LOOP SOLVENT COMPANY STRAPPING TAPES TAPES TAPES PET TAPES TAPES TAPES TAPES TAPES TAPES FY 2025 BUSINESS RESULTS Source: Management
Slide 27: Magis is active in the ESG sphere and well positioned to benefit from the industry shift towards sustainable solutions
Magis is active in the ESG sphere and well positioned to benefit 27 from the industry shift towards sustainable solutions SUSTAINABLE ADHESIVE TAPES ECOHIT19 PLASTIC TAX AS AN Eco-friendly, high-performance adhesive tape protected by a European patent OPPORTUNITY • Made from recycled plastic bottles
Slide 28: Financial Calendar 2026
28 Financial Calendar 2026 29 September 2026 Approval of the half- year financial report 28 April 2026 as of 30 June 2026, subject to limited Approval of the audit review. financial statements for the year ended 31 December 2025. 27 March 2026 Approval of the draft financial statements for the year
Slide 29: MGS
MGS EURONEXT GROWTH