Dexelance · MIL:DEX
Dexelance — H1 2025 Earnings Presentation
19 slides from Dexelance's earnings presentation, Sep 9, 2025
Slide 1: Half-Year Financial Results as at 30 June 2025
DE XELANCE HALF-YEAR FINANCIAL RESULTS AS AT 30 JUNE 2025 9 SEPTEMBER 2025 48.00 - 19.00 (CET)
Slide 2: Dexelance: a distinctive platform in the design sector
Dexelance: a distinctive platform in the design sector that continues its growth path leveraging on key strategic drivers of value creation GERVASONI MERIDIANI 1282 we * One of Italy's leading companies in high-end sabe" furniture and design, offering a full coverage of TURRI RODIA home furnishing c
Slide 3: A semester full of initiatives with a strong focus on strategic expansion
A semester full of initiatives with a strong focus on strategic expansion. Slight organic growth in a mid single-digit declining market and profitability impacted by unforeseen and non-recurring operating costs 154,8 mln 125 Revenue (+2.5% YoY) 4 Luxury Contract +44,7% 4 Kitchen&Systems +9,9% 4 Ligh
Slide 4: DEXELANCE@NYCxDESIGN Festival, NY
Slide 5: DEXELANCE@Shanghai Design Week, Shanghai
Slide 6: DEXELANCE@Industry fairs and events
Slide 7: DEXELANCE@3daysofdesign, Copenhagen
DEXELANCE@S3daysofdesign, Copenhagen | Saba took part in the exhibition curated by the international magazine Openhouse; Meridiani renewed the display at its local Meridiani House and, for the first time. Davide Groppi participated to the event joining a collaborative installation by File Under Pop
Slide 8: DEXELANCE@Retail
DEXELANCE@Retail | Davide Groppi opened new shop-in-shops in Munich and Mumbai, landing in Germany and India with immersive locations designed to discover the brand’s magic and exclusive universe as well as capability for customized lighting projects c Qui In. collaboration with tho local partner Ni
Slide 9: Finalized acquisition of a first 25.0% stake in Roda S.r.l.
Finalized in July the acquisition of a first 25.0% stake in Roda S.r.l., moving a key step into one of the most promising segments in the industry + Founded in Gavirate (VA) in 1991, Roda is today an extremely prestigious player in the world of outdoor furniture, the first to develop a comprehensive
Slide 10: Binding agreement to invest in Mohd
Signed in July a binding agreement to invest in Mohd by the end of the year, leader in the high-end design distribution with a unique and highly innovative omnichannel business model + Foundedin Messinain 1968, Mohd reaches and inspires a global clientele, offering one of the widest selections of ex
Slide 11: Revenue breakdown by SBA
Revenue breakdown by SBA | +2.5% YoY in the first half fueled by strong 2Q in luxury contract and resilient growth by kitchen&systems and lighting companies F2Q 24 F2Q25 A FAH 24 AIH 25 A Furniture 383 33.9 11.5% 69.2 636 -8.1% Lighting 84 88 +5.8% 164 7.2 47.3% Kitchen&Systems 16.5 17.5 +6.1% 29.3
Slide 12: Revenue breakdown by channel
Revenue breakdown by channel | Notwithstanding residential businesses keep up overall stability in the first half. 2Q showed a slowdown both in retail and soft contract F2Q 24 F2Q25 A FIH 24 IH 25 Ly Retail 49.5 ATG -3,9% 87.5 €6.6 ~11% Soft Contract 13,7 127 -7,0% 27.0 26,5 - 2.1% Hard contract 154
Slide 13: Revenue breakdown by region
Revenue breakdown by region | Positive growth in almost all regions sustained by the performance of luxury contract F2Q24 F2Q A AIH 24 FH 25 A Italy 23.6 20.5 -12,8% 40.2 39,4 -2,0% Europe (excl. Italy) 247 28.5 +15,.8% 48.8 50.7 +3.8% North America 10.9 16.5 +52.0% 30.0 80.4 — +41% ROW 19.2 17.2 -1
Slide 14: 1H25 financial results
1H25 financial results | Profitability was affected by unforeseen higher operating costs, as well as by an increased Group cost structure following the recent multiple strategic and long-term investments Profit & Loss | €m Revenue Other income Total Revenue Operating Costs Added Value Personnel Cost
Slide 15: Net debt
| 2Q 24 FY 24 2Q 25 Net bank debt (long term) 12,0 (5,2) 17,1 Minorities&earnout (mostly long term) * 68,9 62,0 54,3 IFRS16 (accounting item) 35,1 35,9 35,5 Others 0,8 4,9 5,0 PFN 116,7 97,6 111,9 PFN (ex IFRS16 ) 81,6 61,7 76,4 * only subject to figurative interest • •
Slide 16: 1H25 order intake
1H25 order intake | The permanence of weak market conditions affect near-term growth outlook. Dexelance keeps nurturing its brands to better seize upcoming opportunities in such a complex context 4 ge - < a Beats } ¢ ecco. i q - se % { Singledigt \ j/ \ decline \ ~ o t Meee eeee” i ’ "Luxury Contrac
Slide 17: Q&A Session
Slide 18: Disclaimer
Disclaimer This presentation (the “Presentation’) has been prepared by Dexelance S.p.A. (the “Company” and together with its subsidiaries, the “Group’) for information purposes only and should not be reproduced or redistributed. The Presentation does not constitute an offer to sell or a solicitation
Slide 19: Dexelance
DE XELANCE Italia China UK USA GERVASONI 1882 MITON) VERY wood davide groppi FLEXALIGHTING MERIDIANI sebe" Axelight [Binova ROIDAG™