Cellularline Spa · MIL:CELL
Cellularline Spa — Q1 2025 Earnings Presentation
11 slides from Cellularline Spa's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Financial Results
Q1 2025 Financial Results Reggio Emilia – 8 maggio 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared for preliminary discussions in relation to Cellularline S.p.A. (the “Company”) and its affiliates (together, the “Group”). This document, the information contained herein and any information provided at any presentation in connection herewith (the “Material
Slide 3: Highlights
Highlights ➢ Key economic performance indicators for Q1 2025 are as follows: ➢ Revenues are €32,4M (2,1% higher than Q1 2024) ➢ Adj. Ebitda is €3,3M or 10,1% of Revenues (€1,2M or 3,6% of Revenues in Q1 2024) ➢ Net Result Adj. €0,4M vs. €-1,3M of Q1 2024 - turning positive already in Q1 ➢ Net Debt r
Slide 4: Key financials (€M)
Key financials (€M) Revenues EBITDA Adj. 50,0 (€M) 4,0 (€M) 40,0 3,0 30,0 2,0 3,3 20,0 31,8 32,4 1,0 1,2 10,0 - Q1 2024 Q1 2025 Q1 2024 Q1 2025 Net Result Adj. Net Financial Position (€M) 40,0 (€M) 0,97x 0,5 0,76x 0,4 20,0 22,0 (0,5) 18,8 (1,3) - 31.12.2024 31.03.2025 (1,5) Q1 2024 Q1 2025 Leverage
Slide 5: Focus on Revenues
Focus on Revenues (€M) 50,0 Red line 85,0% 45,0 40,0 Product Line 35,0 0,1 Black line 0,7 (1,7) 1,5 5,8% 30,0 Blue line 9,2% 25,0 20,0 31,8 32,4 15,0 International 59,9% 10,0 Geo 5,0 Italy 40,1% 0,0 Q1 2024 Red Line Red Line Black line Blue line Q1 2025 Italy Int. ➢ Revenues increase by €0,6M (+2,1%
Slide 6: Focus on EBITDA Adj.
Focus on EBITDA Adj. EBITDA Adj. bridge 3,5 3,0 0,4 2,5 2,0 1,7 3,3 1,5 1,0 (12,1%) 0,5 1,2 0,0 Q1 2024 Gross Margin* Op.Ex.* Q1 2025 ➢ EBITDA Adj. is €3,3M in Q1 2025 (10,1% on Revenues) vs. €1,2M in Q1 2024 (3,6% on Revenues) ➢ Gross margin Adjusted reaches €13,8M vs €12,1M in Q1 2024 ➢ Opex *: ➢
Slide 7: Focus on Net Result Adj.
Focus on Net Result Adj. 1,0 (€M) (0,0) 0,1 (0,5) 0,5 0,4 0,0 2,1 (0,5) (1,3) (1,0) (1,5) Net result adj. Ebitda Adj. D&A Net Financials Taxes Net result adj. Q1 2024 Q1 2025 ➢ Net Result Adj. € 0,4M in Q1 2025 vs € -1,3M in Q1 2024, primarily due to the positive contribution from EBITDA Adj. (+ €2,
Slide 8: Focus on Net Debt
Focus on Net Debt Net Debt bridge 25,0 (€M) 0,2 (0,1) (0,1) 0,1 (3,4) 20,0 (Lev., (Lev. Ratio:2,3 x) (Lev. Ratio:2,4x). (Lev. Ratio:2,7x). Ratio:2,4x). 15,0 45,6 (2,5x) 22,0 10,0 (,2,3x) 18,8 5,0 99 - Net debt Financial Liabilities Fair Value Put & Call IFRS 16 Other Cash & Eq. Net debt 31.12.2024 3
Slide 9: Summary & Medium-term overview
Summary & Medium-term overview ➢ In Q1 2025 Cellularline Group was able to grow by 2,1%, slightly above market performance ➢ Profitability continues to increase - positive Adj Net profit in Q1 for the first time since several years (although, due to seasonality, Q1 results are not indicative of the
Slide 10: Q&A session
Q&A session 10 cellularline
Slide 11: IR contact
IR contact Marco Cagnetta Board Member and General Manager Sales and Marketing & IR Mauro Borgogno Group Chief Financial Officer e Dirigente Preposto Vincenzo Pacilli IR and M&A Manager ir@cellularlinegroup.com www.cellularlinegroup.com Ph: +39 0522 33 40 02 11