De'longhi S.p.a. · MIL:DLG
De'longhi — Q2 2025 Earnings Presentation
22 slides from De'longhi's earnings presentation, Jul 31, 2025
Slide 1: H1 & Q2 2025 Presentation
9M & Q4 2024 RESULTS H1 & Q2 2025 Presentation July 31st 2025
Slide 2: H1 & Q2 2025 Results
H1 & Q2 2025 Results This presentation might contain certain forward-looking statements that reflect the company’s current views with respect to future events and financial and operational performance of the company and its subsidiaries. Forward looking statements are based on De' Longhi’s current e
Slide 3: Definitions used in this presentation
H1 & Q2 2025 Results In this presentation: • “Adjusted” stands for before non recurring items and cost of the share-based plans; • “Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives; • “pro-forma” means including the consolidation of La Mar
Slide 4: High-impact activations at premier events
HIGH-IMPACT ACTIVATIONS AT PREMIER EVENTS DéLonghi Group
Slide 5: Rivelia limited edition designed by ScombinAnto
H1 & Q2 2025 Results Rivelia limited edition designed by ScombinAnto
Slide 6: Driven by a taste for
driven by a taste for
Slide 7: NC DéLonghi y
NC DéLonghi y ‘ Weare \ = EB -s
Slide 8: Eversys at the World of Coffee Geneva
i EVERSYS AT THE +. WORLD OF COFFEE GENEVA asa =3_3 @ i
Slide 9: Results
H1 & Q2 2025 RESULTS DéLonghi Group
Slide 10: H1 & Q2 2025 Results
H1 & Q2 2025 Results Robust growth continues, reiterating the positive results of the last 2 years, notwithstanding a dynamic consumer environment Improved profitability, thanks to a greater contribution from the professional and volume growth in the household Solid free cash flow generation, despit
Slide 11: H1 & Q2 2025 Results
H1 & Q2 2025 Results *pro-forma 11
Slide 12: Revenues by product category
H1 & Q2 2025 Results Professional Other coffee 13% 14% Professional Coffee Up double digit Nutrition & food preparation 22% Home coffee Up high single digit Nutrition & food preparation Slightly negative Up high single digit to Other low teens Home coffee 51% 12
Slide 13: Revenues by region
H1 & Q2 2025 Results Asia Pacific 15% Europe Up high single digit to low teens MEIA Up low teens America 18% Up high single digit to America low teens Europe 61% MEIA APAC Up mid teens 6% 13
Slide 14: Net industrial margin and adjusted EBITDA in the quarter
H1 & Q2 2025 Results In the quarter: the net industrial margin stood at € 442.5 million, equal to 53.4% of revenues, compared to 51.2% in 2024, thanks to the increase in volumes, certain cost efficiencies and a better mix; the adjusted Ebitda was equal to € 124.4 million, 15.0% on revenues, impr
Slide 15: Cost drivers
H1 & Q2 2025 Results Among others: Higher labour costs Higher logistics & freight costs Higher media & advertising 15
Slide 16: Cost drivers
H1 & Q2 2025 Results Among others: Higher labour costs Higher logistics & freight costs Higher media & advertising 16
Slide 17: Net financial position and cash flow
H1 & Q2 2025 Results In June 2025, the Group's Net Financial Position was positive at € 345.8 million, an improvement compared to € 305.3 million in June 2024, while the Net Financial Position toward banks and other lenders stood at € 475.2 million (compared to € 408.7 million in June 2024). The
Slide 18: Net cash flow (6 months)
NET CASH FLOW (6 MONTHS) 242 (188) 643 (43) NFP @ 31Dec24 Cash flow Cash flow Capex from current operations from NWC. DéLonghi Group (87) 346 (46) (252) Other FCF before dividends, Dividends, buyback NEP @ 30Jun25 buyback and M&A & MBA
Slide 19: Net cash flow (12 months)
DéLonghi Group NET CASH FLOW (12 MONTHS) 598 (165) 296 (111) 27) 346 305 (256) NFP @ 30Jun24 Cash flow Cash flow Capex Other FCF before dividends, Dividends, buyback NFP @ 30Jun25, from current operations from NWC buyback and M&A & M&A 19
Slide 20: Solid growth continues for both Household and Professional divisions in H1
H1 & Q2 2025 Results Solid growth continues for Enhancement of About €M 350 of net both Household and Adjusted EBITDA with cash position, even after Professional divisions in H1 15.2% margin funding buyback and dividend in FY25 Prompt reaction to tariffs Continuous and effective Boosting global bran
Slide 21: H1 & Q2 2025 Results
H1 & Q2 2025 Results Volume expansion coupled with a better product mix Household business growth, capitalizing on positive market developments and Perimeter expansion with two additional driving categories expansion through months of La Marzocco consolidation product innovation and A&P invest
Slide 22: Contacts
Contacts: Investor Relations: Samuele Chiodetto, Sara Mazzocato T: +39 0422 4131 e-mail: investor.relations@delonghigroup.com Media relations: T: +39 0422 4131 e-mail: media.relations@delonghigroup.com On the web: www.delonghigroup.com DéLonghi Group