Neodecortech Spa · MIL:NDT
Neodecortech Spa — Q1 2026 Earnings Presentation
37 slides from Neodecortech Spa's earnings presentation, May 14, 2026
Slide 1: Investor Presentation Q1 2026 Results
INVESTOR PRESENTATION Q1 2026 RESULTS May 14, 2026
Slide 2: Today's Speakers
2 TODAY’S SPEAKERS LUIGI COLOGNI – CEO, 2005 • 62, Degree in Business Administration, MBA from Bocconi University • Since the 1990s: gained experience in the furniture industry, working for multinational companies • Since 2005, joined Confalonieri S.p.A. (now NEODECORTECH), where he currently serves
Slide 3: Index
3 INDEX 1. COMPANY OVERVIEW 2. Q1 2026 FINANCIAL RESULTS 3. FUTURE OUTLOOK & GROW TH STRATEGY 4. ESG APPROACH 5. APPENDIX
Slide 4: 1. Company Overview
1. COMPANY OVERVIEW.
Slide 5: Neodecortech at a Glance
1. Company overview 5 NEODECORTECH AT A GLANCE Providing the interior design industry with high-end suite of solutions Business strategy enhanced by distinctive Italian flair for a sustainable living ESG purpose FILAGO SPILIMBERGO Printing, Impre gnation Lamination Lacqu ering, Embos sing 75+ YEARS
Slide 6: More Than 75 Years of Experience
1. Company overview 6 MORE THAN 75 YEARS OF EXPERIENCE A Group with a rich heritage and a broad portfolio of high-end design solutions, supported by an experienced management. Since 2015, the Company has accelerated its diversification process by welcoming new brands and products. 1947 1960 1991 200
Slide 7: Strategic Positioning
1. Company overview 7 STRATEGIC POSITIONING Neodecortech is positioned in a segment characterized by a diversified offer of high-quality products, oriented towards a “design” range and far from the mass market. + HIGH Small niche Big diversified PRICE producers groups - LIMITED PRODUCT OFFERING RANG
Slide 8: Integrated Business Model
1. Company overview 8 INTEGRATED BUSINESS MODEL The Group oversees the entire decorative paper production process — from paper manufacturing to surface finishing, impregnation, final product, and end-of-line logistics. Its production facilities are fully integrated with an energy plant, offering sig
Slide 9: Diversified Portfolio of 1000+ Decors
1. Company overview 9 DIVERSIFIED PORTFOLIO OF 1000+ DECORS A wide range of solutions divided into 8 families Decor Paper CLPL® EOSTP CPL Finish Foil Micro Top CLPL® Thin Top Melamine Films EOSLAMINATO Thin Top PPF for Luxury Vinyl Tiles Melamine Films
Slide 10: Strong Brands for a Complete Made in Italy Offer
1. Company overview 10 STRONG BRANDS FOR A COMPLETE MADE IN ITALY OFFER • Base paper • Printed decorative papers (DEC) • EOS Thermo Plastic (rPET) • Unicolors • Melamine-impregnated papers (MEL) • Polymeric printed films (PPF) addressed • Balancing paper • Finish-foils mainly for the furniture, for
Slide 11: Sustainable Use of Resources & Circular Economy
1. Company overview 11 SUSTAINABLE USE OF RESOURCES & CIRCULAR ECONOMY Vertical integration benefits based on the circular economy approach PAPER THERMOPLASTIC FILM PRODUCTION PRODUCTION PVC & rPET PRODUCERS PAPER WASTE THERMOPLASTIC FILM RECYCLE WASTE RECYCLE 65% of fuel used by our power plant der
Slide 12: Carbon Neutrality
1. Company overview 12 CARBON NEUTRALITY From 2023 onward the Group is Carbon neutral scope 1 + 2 2025 Neutr alization and Offsett ing (Sc ope 1+2) 30,0 00 20,0 00 22,549 10,0 00 19,374 0 0 -3,175 -10,000 -19,525 -19,374 -20,000 BEG Contribution and PV OFFSETTING Program OFFSETTING Program Zero resi
Slide 13: 2. Financial Results
2. FINANCIAL RESULTS
Slide 14: Q1 2026 – Key Financials
2. Financial results 14 Q1 2026 – KEY FINANCIALS Revenue EBITDA EBITDA Margin Net Result 47,1 Mln 9,1 Mln 19,3% 5,6 Mln +8,0% equal to +3,5 Mln +126,1% equal to +5,1 Mln +627,7% equal to +4,8 Mln compared to Q1 2025 (43,6 Mln) compared to Q1 2025 (4,0 Mln) 10,8% adj BEG (0,8 Mln) compared to Q1 2025
Slide 15: Net Sales and Sales Mix
2. Financial results 15 NET SALES - €/M SALES MIX Q1 2025 – Q1 2026 Q1 2026 Net Sales (€/M) End uses Geography (excluded BEG*) 47,1 47,1 50 7,4% Asia 4,2% Americas & Middle East 12.3 11.1 0,2% Oceania 11% Flooring 3,0% Africa 13,3 14.7 3.5 22.7 16.6 89% Furniture 47,4% Europe 37,8% Italy 0 Q1 2025 Q
Slide 16: EBITDA & EBITDA Margin
2. Financial results 16 EBITDA & EBITDA MARGIN - €/M Q1 2025 – Q1 2026 10 50% 50 4.7 9.1 45 9 45% 40 8 40% 35 22.7 7 35% 4.6 30 6 30% 25 46.3 20 8.4 5 25% 0.7 15 4 19.3 % 20% 6.1 10 3 15% 4.6 5 9.1 10.0 % 10.8 % 4.5 2 10% 0 Re ven ue Raw Material Oth er o p. Perso nal co sts EBITDA BE G Ad j EBITDA
Slide 17: EBIT & Net Income
2. Financial results 17 EBIT & NET INCOME - €/M Q1 2025 – Q1 2026 EBIT NET INCOME 8 50% 2.0 7.0 1.1 5.6 45% 7 6 50% 40% 45% 6 5 35% 40% 5 35% 4.6 30% 4 4 25% 3.9 30% 3 25% 20% 3 20% 14.5 % 15% 2 2 15% 0.5 10% 11. 8% 10% 1 5.9% 1 0.3 4.3% 5% 5% 2.4% 4.1% 3.5% 1.8 % 1.5 2.4 0.8 1.7 0 0% 0 0% Q1 2025 Q
Slide 18: Net Financial Position
2. Financial results 18 NET FINANCIAL POSITION - €/M Q1 2025 – FY 2025 - Q1 2026 37,7 30,9 29,0 FY 2025 Q1 2026 40.0 35.0 NFP 30, 90 29,00 30.0 18.0 EBITDA rolling 20,90 26,00* 25.0 20.0 21.4 19.2 NFP / EBITDA 1,99 1,11* 1.9 2.4 15.0 10.0 including Lamitex contribution 15.4 5.0 9.5 9.8 EBITDA rollin
Slide 19: Cash Flow Analysis
2. Financial results 19 CASH FLOW ANALYSIS - €/M Q1 2026 30.0 25.0 8.8 4.1 0.7 20.0 1.6 0.6 0.3 17.1 0.0 15.0 15.0 10.0 5.0 0.0 Cash Operational Cash NWC Changes Other Capex Intangibles Banks Debts and Dividends Payment Cash 31/12/2025 flow Changes Leasing 31/03/2026
Slide 20: 3. Future Outlook & Growth Strategy
3. FUTURE OUTLOOK & GROWTH STRATEGY
Slide 21: Future Outlook
3. Future outlook & Growth strategy 21 FUTURE OUTLOOK Geopolitical context: increasing complexity (Ukraine war, Usa-Israel-Iran conflict, USA–China commercial conflict), with impacts on strategic raw materials (pulp, titanium dioxide, animal by-products, energy, plastic film, resin) Further push to
Slide 22: Growth Strategy
3. Future outlook & Growth strategy 22 GROWTH STRATEGY Focus on higher-margin products (laminates, films) Maximize cross-selling with Neodecortech Key project on Kraft paper Extension of operating period
Slide 23: 4. ESG Approach
4. ESG APPROACH
Slide 24: 2030 UN Sustainable Development Goals
4. ESG approach 24 2030 UN SUSTAINABLE DEVELOPMENT GOALS Neodecortech has identified 13 targets it can tangibly contribute to through its own businesses and production environment, identifying for each one commitments and performance indicators. 1 2 3 4 5 6 Go o d healt h and No poverty Zero hun ger
Slide 25: Certifications
4. ESG approach 25 CERTIFICATIONS System certifications Product certifications 9001:2015 14001:2015 *Neodecortech S.p.A. only 45001:2018 50001:2018 **Cartiere di Guarcino S.p.A. only **Cartiere di Guarcino S.p.A. only
Slide 26: Economics & Environmental Saving Projects
4. ESG approach 26 Economics & Environmental saving projects 2025 summary Saving K€ Environmental Projects yearly basis Details / Notes Impact Unit Secondary raw material Secondary raw material used 20,5% Recycling and waste 1.293 Tons of recycled and Recovered waste 1.782 recovered waste Emission 5
Slide 27: Disclaimer
27 DISCLAIMER This document has been prepared by Neodecortech S.p.A. (“NEODECORTECH”) NEODECORTECH expressly disclaims any obligation or undertaking to disseminate any solely for use in connection with the presentation of the Company to potential investors and updates or revisions to any forward-loo
Slide 28: Appendix
APPENDIX Shareholders and market data Financial Results Key Contacts
Slide 29: Best Practice in Transparency and Corporate Governance
Appendix 29 ADOPTION OF BEST PRACTICE IN TRANSPARENCY AND CORPORATE GOVERNANCE Since 2021, the Company has been listed on the STAR segment of Euronext Milan and is committed to fulfill strict requirements, in terms of liquidity, transparency and corporate governance. PRIVATE COMPANY 26.09.2017 25.05
Slide 30: Environmental Highlights
Appendix 30 ENVIRONMENTAL HIGHLIGHTS at 31.12.2025 Scope 1 and Scope 2 Energy consumption on site for market-based emissions production Water withdrawals Waste produced 22.548 Ton CO2 188.024 MWh 1.428 K cubic meters 5.942 Tons -3,5% incidence tons of paper Incidence per ton of paper equivalent equa
Slide 31: Income Statement
Appendix 31 INCOME STATEMENT Q1 2026 – Q1 2025 31 MARCH 31 MARCH (Euro thousands) 2026 % 2025 % Change Change % Revenue from sales and services 47.116 100,0% 43.629 100,0% 3.487 8,0% Changes in work in progress, semi-finished and finished products (2.496) (5,3%) 6.425 14,7% (8.921) (138,8%) Other re
Slide 32: Balance Sheet Statement – Assets
Appendix 32 BALANCE SHEET STATEMENT – ASSETS Q1 2026 – FY 2025 31 MARCH 31 DECEMBER Assets (Euro thousands) 2026 % 2025 % Change Change % Intangible assets 9.760 5,0% 9.762 5,0% (2) (0,0%) Tangible assets 77.369 39,6% 77.318 39,5% 51 0,1% Equity investments 2 0,0% 2 0,0% - 0,0% Other non-current ass
Slide 33: Balance Sheet Statement – Equity and Liabilities
Appendix 33 BALANCE SHEET STATEMENT – EQUITY AND LIABILITIES Q1 2026 – FY 2025 31 MARCH 31 DECEMBER Equity and Liabilities (Euro thousands) 2026 % 2025 % Change Change % Share capital 18.804 9,6% 18.804 9,6% - 0,0% Share premium reserve 19.188 9,8% 19.188 9,8% - 0,0% Other reserves 32.585 16,7% 32.7
Slide 34: Net Financial Position
Appendix 34 NET FINANCIAL POSITION Q1 2026 – Q1 2025 31 MARCH 31 DECEMBER 31 MARCH (Euro thousands) 2026 2025 Change 2025 Change A. Cash funds 17.142 15.030 2.112 4.594 12.548 B. Cash and cash equivalents - - - - - C. Other current financial assets - - - - - D. Cash (A+ B + C) 17.142 15.030 2.112 4.
Slide 35: Consolidated Debt Maturity
Appendix 35 CONSOLIDATED DEBT MATURITY at 31 December 2025 Debt Repayment plan (€/ M) One covenants on CDG long term debts 10 9.9 9 24% 8,0 Fixed rate 8 7 6 5,2 5 4 3 2,5 2 1,9 1,5 1,1 1 0.6 0.1 0 2026 2027 2028 2029 2030 2031 2032 2033 >2033 76% Variable rate To be refunded weighted average ROD(sho
Slide 36: Key Contacts
Appendix 36 KEY CONTACTS ISSUER INVESTOR RELATIONS SPECIA LIST INVESTOR A ND MEDIA RELATIONS SUPPO RT Mara Di Giorgio Luigi Cologni – CEO & Investor Lorenzo Edmondo Bondi Federico Bagatella relator Marina Fumagalli - CFO Email: lorenzoedmondo.bondi@bper.it Elena Filippi Email: investor.relations@neo
Slide 37: Neodecortech – Decors and surfaces for sustainable living
NEO DECOR TECH Decors and surfaces for sustainable living.