Signify Nv · EURONEXT:LIGHT
Signify Nv — Signify Nv Ord — Q1 2026 Earnings Presentation
22 slides from Signify Nv's earnings presentation, Apr 24, 2026
Slide 1: Q1 2026 Results
Q1 202 6 Results April 24 th , 2026
Slide 2: Important information
Important information Forward - Looking Statements and Risks & Uncertainties This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward - looking statements that reflect the intentions, beliefs or current expectations and proje
Slide 3: Content
Content Highlights Q1 2026 performance First quarter financial performance Outlook & closing remarks Q&A 3
Slide 4: Resilient margins and cash flow amid continued market softness
Resilient margins and cash flow amid continued market softness • Market softness amid heightened global volatility • Resilient gross margin and strong cash generation • Cost reduction program on track • Manage market risks and opportunities • Focus on performance; completing the strategic portfolio
Slide 5: Philips Hue SpatialAware feature launch
Philips Hue SpatialAware feature launch • Adapts lighting scenes based on room layout and light positions • C oordinate s light distribution across fixtures for a more consistent in - room experience • Works with existing Hue products via a software update • Enhances differentiation of the Hue ecosy
Slide 6: Sustainable, energy-efficient lighting for Fedabo HQ
Sustainable, energy - efficient lighting for Fedabo HQ • 300 energy - efficient LED light points installed throughout the building • Use s myCreation 3D - printed , recyclable luminaires • NatureConnect supports natural light patterns and indoor comfort 6
Slide 7: Brighter Lives, Better World 2030
Brighter Lives, Better World 2030 Improving lives, saving energy, preserving resources Resource efficiency Benefits beyond illumination Energy efficiency 2030 commitment 2030 commitment 2030 commitment 2030 commitment 41% Beyond illumination Cumulatively saving 60 35% reduction in 27.5% Signify Circ
Slide 8: Content
Content Highlights Q1 2026 performance First quarter financial performance Outlook & closing remarks Q&A 8
Slide 9: Signify reports first quarter CSG of -5.1% with an operational profitability of 6.5%
Signify reports first quarter CSG of - 5.1% with an operational profitability of 6.5% Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -2.8% -5.1% -1.4% -3.9% -5.2% • Installed base of connected light points increased to 171 million • Comparable sales decline of 5.1% • Robust
Slide 10: The Professional Business sustained margin strength despite market softness
The Professional Business sustained margin strength despite market softness Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -1.8% -3.7% 0.2% -2.1% -1.9% • Softness in trade channel and public projects in Europe and the US • Sequential improvements in Europe driven by indoor
Slide 11: The Consumer Business impacted by channel destocking while sell-out remained strong
The Consumer Business impacted by channel destocking while sell - out to consumers remained strong Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG 3.1% -4.6% 2.6% 3.7% -2.7% • Retail channel inventory adjustment • Strong sell - out to consumers • Weaker performance of Klite
Slide 12: The OEM Business delivered a stabilized top line and profitability
The OEM Business delivered a stabilized top line and profitability, as price pressure eased Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -10.7% -4.8% -11.6% -23.0% -19.2% • Continued market softness while price pressure is easing • Adjusted EBITA impacted by lower volumes
Slide 13: The Conventional Business on track to restore adj. EBITA margin
The Conventional Business on track to restore adj. EBITA margin Sales (in EURm) & comparable sales growth (in %) Q1 Key developments CSG -23.9% -17.9% -26.8% -21.5% -19.6% • Comparable sales decline reflecting the structural decline of the business • Sequential improvement of gross margin driven by
Slide 14: Adj. EBITA margin resilience due to price and cost discipline
Adj. EBITA margin resilience due to price and cost discipline As % of sales 8.0 % - 150 bps 6.5 % - 80bps +1.0% - 1.2% - 0.5% - - 0.4% - 0.4% Volume Price/Mix COGS Indirect Costs Currency Q1 26 Q1 25 14
Slide 15: Strong focus on working capital driving improvements across all levers
Strong focus on working capital driving improvements of 100 bps across all levers In EURm / as % of sales 7.2% - 100 bps 6.2% 442 +120 347 +3 - 94 - 124 Q1 25 Inventories Trade & other Trade & other payables Other working Q1 26 15 receivables capital items
Slide 16: Content
Classified Content Highlights Q1 2026 performance First quarter financial performance Outlook Q&A 16
Slide 17: 2026 Outlook confirmed
Classified 2026 Outlook confirmed Adj. EBITA margin: 7.5 – 8.5 % Free Cash Flow: 6.5 – 7.5 % of sales 17
Slide 18: Q&A
Q&A 18
Slide 19: Currency movements had a negative impact on sales and the Adjusted EBITA margin
Currency movements had a negative impact on sales and the Adjusted EBITA margin Q1 26 Sales FX Footprint (% of total) Key developments • Overall negative currency impact on sales of 7.0% mainly related to USD. Other Currencies, EUR; 28% • Negative impact of 0.5% on the Adjusted EBITA 29% margin. CNY
Slide 20: Net income decreased to EUR 8 million, mainly resulting from higher restructuring costs
Net income decreased to EUR 8 million, mainly resulting from higher restructuring costs From Adjusted EBITA to net income (in EURm ) Key developments Q1 25 Q1 26 • Restructuring costs were EUR 63 million, Adjusted EBITA 116 83 acquisition - related results were EUR 3 million, and - Restructuring -11
Slide 21: Free cash flow increased to EUR 47 million due to improved working capital management
Free cash flow increased to EUR 47 million due improved working capital management and additions to provisions Free cash flow (in EUR m) Key developments Q1 25 Q1 26 Income from operations 85 17 • Free cash flow of EUR 47m Depreciation and amortization 61 57 • Proactively mitigating Middle East supp
Slide 22: Signify - the meaning of light
(S)ignify the meaning of light