De'longhi S.p.a. · MIL:DLG
De'longhi — Investor Presentation (February 2026)
74 slides from De'longhi's investor presentation, February 2026
Slide 1: Professional Coffee Hub
AES AY TER ee Professional = Coffee Hub February 2026
Slide 2: Group financials FY25
Financials FY25 €3.8 bln 13% 57% 30% €610-620 M First class coffee Global market leader Leading premium 680 mln equipment in home espresso brands in home
Slide 3: Coffee as share of group revenues
The in consumer, professional, and prosumer solutions >) Coffee of revenues (Including coffee accessories) DéLonghi Group
Slide 4: We passionately elevate the coffee experience
We passionately elevate the and through an extensive “% products portfolio tailored to every customer's needs oS 6 @ Professional Prosumer Home DéLonghi Group
Slide 5: Premium Coffee Market Overview
01. Premium Coffee Market Overview
Slide 6: Coffee consumption is a structural, resilient trend
01. Premium Coffee Market Overview The coffee consumption is experiencing a structural and resilient long-term trend
Slide 7: Steady and sustained coffee consumption over the years
Steady and sustained coffee consumption over the yea rs A remarkably resilient industry anchored by consumption patterns 10.8 Coffee consumption Low elasticity ensures persistent growth despite inflationary pressures Billions of KG coffee Emerging middle-class demand & cultural shifts driving rapid
Slide 8: Coffee evolving into a versatile culinary and functional ingredient
Coffees rapidly evolving from _a simple beverage intd-a versatile Gullimary and functiofial: ingredient f DéLonghi Group are resha coffee cu h ing ure
Slide 9: Coffee seen as a healthy beverage
Coffee has been seen as a Coffee can increase alertness, help concentration, improve mood and limit depression. Lifelong coffee consumption has been associated with Se British Medical Journal DéLonghi Group The FDA recently” officially approved — coffee to be labelled “healthy” , ' . 4
Slide 10: The essential daily ritual
The essential daily ritual for staying and enhancing Statement 2019 2024 Coffee wakes me up and gets me going ce G5 Coffee helps me get things done A de mental focus Coffee is one beverage 68 78 | drink to give me energy Coffee is a trendy thing to drink ol Ce i) i) Coffee improves my 71 78 (7) i) i
Slide 11: Coffee shops proliferate worldwide
01. Premium Coffee Market Overview Coffee shops proliferate worldwide, benefiting from market penetration and the ‘3rd Wave' shift
Slide 12: >45k branded coffee shops
>45k Mid-single-digit 45K+ branded coffee shops averaging ~130 shops per 1M population growing at mid-single-digit over the last 10y 15 16 17 18 19 20 21 22 23 24 25
Slide 13: >50k branded coffee shops
>50k High-single-digit 50K+ branded coffee shops averaging ~70 shops per 1M population growing at high-single-digit over the last 10y 15 16 17 18 19 20 21 22 23 24 25
Slide 14: >58k branded coffee shops
>58k Double-digit 58K+ branded coffee shops averaging ~40 shops per 1M population growing at double-digit over the last 10y 15 16 17 18 19 20 21 22 23 24 2025
Slide 15: Specialty coffee movement driven by consumer demand
01. Premium Coffee Market Overview The specialty coffee movement is driven by consumer demand for high-quality, ethically sourced, and unique coffee experiences
Slide 16: Coffee and specialty coffee consumption
74% 43% at least one 57% opted for cup of coffee espresso-based beverage at least one cup of specialty coffee
Slide 17: Low-teens
Low-teens 15 16 17 18 19 20 21 22 23 24 25
Slide 18: Slide 18
Slide 19: The division in a nutshell
02. De’Longhi Group Professional Coffee Division The division in a nutshell
Slide 20: Division financials FY25
Financials FY25 €489mln 26% 34% 31% 32% €125-135mln 19% 34% Low-teens 24%
Slide 21: La Marzocco: Italian heritage since 1927
La Marzocco: italian heritage since 1927 acs ain — 1970 2015 La Marzocco launched its "Home" range The dual boiler technology patented 1927 = 2000 - 2008 “Officina Fratelli Bambi” Marzocco was official was established sponsor of the World Barista Championship la marzocco
Slide 22: Eversys: We welcome Eversys
Eversys: 2012 Introduction of our first machine - E’4 2009 Jean-Paul In-Albon and Robert Bircher found Eversys We welcome Eversys DELonghi Group, 2017 Entering the strategic partnership with De‘Longhi (40%) 2020 Launch of the Enigma Classic and the Cameo ST
Slide 23: 1200 people, Great Place To Work
1200 people Great Place To Work
Slide 24: Sustainability
Sustainability We [mil , extending product lifespans, and ensuring responsible end-of-life management We committed to @) across the value chain by 2050; We to build climate resilience in coffee cultivation partnerships and suppliers; we through the Hands for Songwa Foundation DéLonghi Group
Slide 25: Manufacturing sites: Eversys Switzerland, La Marzocco Italy
100% 3 > 70 K Eversys ISO Switzerland La Marzocco Italy
Slide 26: Group positioned to leverage history of technological leadership
A Group uniquely positioned to leverage successful history of technological leadership Dual boilers <a ap iy: “aN Gu - y = = 1939 Horizontal boiler 2015 VAUPAY) La Marzocco connectivity cf Pressure profile — - Straight-in and Strada portafilter
Slide 27: Eversys holds a growing portfolio of patents
Eversys holds a growing Group uniquely portfolio of patents, designed to positioned to leverage improve daily workflows and machinery engineered beverage quality: for consistency and quality
Slide 28: A fully integrated service business
] , a business fully integrated Our connected machines provide customers with DéLonghi Group By offering , we ensure every La Marzocco and Eversys machine remains in peak mechanical condition
Slide 29: De'Longhi Group
DéLonghi Group
Slide 30: Enigma and Shotmaster
with the same exceptional standard Enigma Shotmaster
Slide 31: Espresso machines trusted by the coffee community
Espresso machines trusted by the world’s coffee community for their
Slide 32: Under-counter machines
Under-counter , a space where don't have to compete > la marzocco
Slide 33: For the kitchen and beyond
for the kitchen and beyond
Slide 34: Pairing a high-performance grinder with a premium machine
Pairing a high-performance grinder with a premium machine is the
Slide 35: Slide 35
Slide 36: Global footprint: offices and subsidiaries
UK Subs. Ireland Subs. China Subs. Germany Subs. Regional Office Asia More than 15 Canada offices. More than 200 USA Regional Office USA Subs. Spain Thailand Subs. New Zeeland Subs Subs More than 80% South East Asia Subs. France Middle East Subs. Australia Subs. Subs
Slide 37: Way to market
Way to market PROFESSIONAL COFFEE DIVISION <> (versys la marzocco Ae BAR Subsidiaries + Licensed offices + Distributors CC CC CC Office Coffee E-Commerce Retailers <> la marzocco HOME Coffee Equipment Coffee chains Resellers roasters Services ) HORECA END CUSTOMERS DéLonghi Group
Slide 38: Sales by region
Europe North APAC & America RoW 32% 34% 34%
Slide 39: North America: preference for personalization and craft
North America, consumers show preference for personalization and craft DéLonghi Group Cold brew & endless options for milk and sweeteners The premium coffee | movement is expanding beyond major cities across the U.S Convenience and drive-thru dominance, combined with a growing specialty coffee prese
Slide 40: Europe: coffee culture beyond the cup
Europe, coffee culture has evolved beyond the cup, redefining a beverage as a social ritual DéLonghi Group Espresso & Milk-based coffee market Urban Hubs: London, Berlin, and Copenhagen lead the craft scene Highest ethical _ sourcing regulations
Slide 41: China: world's largest market for branded coffee shops
China has recently become the world’s largest market for branded coffee shops DéLonghi Group "Coffee-Fruit" hybrids & "Milk-Tea Coffee" blends Increasing coffee adoption and consumption frequency South East Asian countries have deeply ingrained coffee culture
Slide 42: Weight of Top10 customers FY25
Professional Coffee Division Weight of Top10 customers FY25 0.00% 10.00% 20.00% 1 2 3 4 5 6 7 8 <20% 9 10
Slide 43: Driven by a diverse range of products and solutions
driven by a diverse range of products and solutions DéLonghi Group
Slide 44: Marketing channels: online, on/offline, in person
• Online Organic • • • On/Offline Earned • • • • In Person • •
Slide 45: Why we are better together
De’ Longhi Professional Coffee Division Why we are better together Aas Cross selling Innovation & Know how _s Collaborating through Identifying procurement Leveraging leading distribution and service synergies by optimizing the positions in key categories, networks shared supplier base and from pros
Slide 46: De'Longhi Professional Coffee Division
De’ Longhi Professional Coffee Division W218 88 88 Fe DéLonghi Group
Slide 47: Positioned within high-end and premium markets
02. De’Longhi Group Professional Coffee Division We are strategically positioned within the high-end and premium markets
Slide 48: Addressable market sizes
above € 300 mln € 2.0 – 2.5 bln € 1.0 – 1.4 bln above € 6 – 7 bln
Slide 49: Channels: HoReCa, QSR, Bakery and more
HoReCa Quick Service Restaurants Bakery Travel - Lounges Convenience Stores Office Coffee Service - Vending
Slide 50: Market presence concentrated in high-end and premium segments
Our market presence is strategically concentrated within the high-end and premium segments Full-Automatic & Semi-Automatic Coffee Machines Coffee Machines Main players Main players _ a en ee Source: internal analysis DéLonghi Group
Slide 51: Market value mix
Market value mix >20% >25% >15% >35%
Slide 52: Building to expand into additional premium segments
We are building to expand our reach into additional premium segment DéLonghi Group
Slide 53: Why we are the top choice for coffee shops worldwide
02. De’Longhi Group Professional Coffee Division Why we are the top choice for coffee shops worldwide
Slide 54: Unparalleled brand experience and authentic community
Unparalleled & LA MARZ0C 60 g A DOCUMENTARY B - PEOPLE,/GOFEEE & ST THE aise-9i), and ESP Engaging a spreading a » ACCADEMFA
Slide 55: Cultivating a community through authentic storytelling
Unparalleled & Cultivating a through authentic storytelling and digital engagement La Marzocco { La Marzocco Home
Slide 56: Best-in-class performance and reliability
Best-in-class performance & Reliability By merging heritage-driven design with strategic engineering and digital connectivity, we deliver top-tier solutions that redefine coffee quality and operational excellence Dual Boiler System Saturated Groups PID Controller Connectivity Surgical-Grade Steel -
Slide 57: Bespoke solutions
Bespoke solutions Every La Marzocco machine is unique, built according to individual customer needs with over Customization includes body colours and finishes, panel galvanic treatments, and construction materials.
Slide 58: Bespoke solutions
Bespoke solutions
Slide 59: Standout design and Italian heritage
Standout desian & porsche x la marzocco Italian at milan design week heritage best for coffee linea micra by la marzocco 7 i” mi 71 ge fl <¥ Ia marzocco
Slide 60: Durability and connectivity
Lower Durability Connectivity SISTEMA en ons em PR 0 hee 8 B terew 2. a = o ¢....
Slide 61: Superior in-cup quality
In-house produced grinders e’Levelling Bottom-up brewing system Extraction Time Control Pressure profiling Thermal Stability
Slide 62: Lower cost of ownership
Lower cost of ownership Minimize downtime and Modularity reduces downtime and ensure workflow consistency optimizes total cost of ownership by with real-time remote data extending machine life Swap components without full machine replacement Digital Ecosystem Integration Simplifies menu updates Lowe
Slide 63: Scalable coffee quality
Scalable Eversys machines deliver consistency, speed, and reliability at scale DESIGN Intuitive controls activated by simple touch, without losing precision MILK Eversys designed a family of milk systems - 1-Step, 1.5-Step, and 2-Step - that adapt to every business need MATERIAL Aluminium die-cast f
Slide 64: Summary of competitive strengths
Unparalleled brand experience & Authentic community Superior in-cup quality Best-in-class performance and Reliability Lower cost of ownership Standout design & Italian heritage Scalable coffee quality Bespoke solutions Trustworthy brand Lower cost of ownership
Slide 65: Market opportunities
02. De’Longhi Group Professional Coffee Division Market opportunities
Slide 66: Rising demand, premiumization, expanding market reach
Rising Global Shift to Demand Premiumization Expanding Market Reach
Slide 67: Accelerating geographical expansion into high-growth regions
Accelerating geographical expansion into high- growth regions ( wanes > Hen , ( issgssssssssacsssssessscat CHEE 3 elites apie HSS Tee i] ey Vy i] ty Vy r] 14 1 . Sane | 7 We are scaling our Na-27] operations in growth \ —— regions through the setup of new subsidiaries and by strengthening our partne
Slide 68: New segments: high-end range
New segments — High-end range Through Legacy+, Eversys is positioned to penetrate the premium market by leveraging its brand equity and technical excellence This will allow Eversys to further expand its positioning in convenience stores and premium office coffee services e High-end Range PREMIUM Ran
Slide 69: New segments: grinders
New segments - Grinders La Marzocco leveraged its strong brand equity, technical expertise, and manufacturing heritage to successfully expanded into the professional and prosumer grinder market (above €300M) Swift Vulcano Pico Swan Jay _— — 28s @ »| DéLonghi Group
Slide 70: Maximizing recurring revenue
Maximizing recurring revenue The group provides extensive service coverage through direct management and reliable partners We identified specific opportunities to expand direct-to-market presence, further solidifying our customer relationships Local collaboration in Australia to strengthen our prese
Slide 71: Elevating the passion for coffee through the ultimate lifestyle brand
Elevating the passion for coffee through the ultimate lifestyle brand high-end home barista community home ecosystem DéLonghi Group
Slide 72: Our growth algorithm
Our growth algorithm fxpanding Shift to Market to Reach Premiumization Geo New expansion Segments Service Prosumer LOW TEENS DéLonghi Group
Slide 73: Global leader in premium professional coffee equipment
Global leader in premium professional coffee equipment The global reference point for authentic coffee culture ‘Division's Elevating coffee quality standards through passion and innovation Maximizing margins through operational excellence and cost discipline DéLonghi Group Capitalizing on brand equi
Slide 74: May all those who come as guests, leave as friends
May all those who come as guests, leave as friends PIERO BAMBI
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