Neodecortech Spa · MIL:NDT
Neodecortech Spa — FY2025 Earnings Presentation
40 slides from Neodecortech Spa's earnings presentation, Mar 16, 2026
Slide 1: Investor Presentation 2025 Results
INVESTOR PRESENTATION 2025 RESULTS March 16, 2026
Slide 2: Today's Speakers
2 TODAY’S SPEAKERS LUIGI COLOGNI – CEO, 2005 • 61, 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 Italia), where he currently
Slide 3: Index
3 INDEX 1. COMPANY OVERVIEW 2. 2025 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 Spilimb ergo (P N) Lamination Filago (BG) 75+ YEARS OF INTEGRATED BUSINESS Printing, Imp
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 EOSTP CLPL® CPL Micro Top Melamine Finish Foil CLPL® Films Thin Top Thin Top EOSLAMINATO Melamine Films PPF for Luxury Vinyl Tiles
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 100% of fuel used by the BEG power plan
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: Highlights at 31.12.2025
1. Company overview 13 HIGHLIGHTS at 31.12.2025 Scope 1 and Scope 2 market-based emissions Energy consumption Water withdrawals Waste produced 22.548 Ton CO2 325.261 MWh 1.428 K cubic meters 5.942 Tons -3,5% incidence tons of paper Incidence tons of paper eq. in -16.8% per ton of paper eq. -7,6% inc
Slide 14: 2. Financial Results
2. FINANCIAL RESULTS
Slide 15: 2025 Key Financials
2. Financial results 15 2025 – KEY FINANCIALS Revenue EBITDA EBITDA Margin Net Result 184.1 Mln 20,9 Mln 11,3% 7,3 Mln +9.2% equal to +15.5 Mln +25.5% equal to +4.2 Mln from 9,9% in 2024 +83.4% equal to +3.3 Mln compared to 2024 compared to 2024 compared to 2024 Net Financial Position Net Financial
Slide 16: Net Sales and Sales Mix
2. Financial results 16 NET SALES - €/M SALES MIX 2024 – 2025 2025 Net Sales (€/M) End uses Geography (excluded BEG*) 200 168,6 184,1* 6,0% Americas 4,3% Asia 1,1% Africa & Middle East 62.0 150 50.0 7,2% Flooring 38,0% Italy 0.1 0.4 100 54.4 53.1 50 64.1 68.6 0 92,8% Furniture 50,6% Europe FY 2024 F
Slide 17: EBITDA & EBITDA Margin
2. Financial results 17 EBITDA & EBITDA MARGIN *- €/M 2024 – 2025 200 25 20% 180 20.9 160 20 15% 140 16.6 118.9 120 15 11.3% 100 9.9% 189.5 10% 80 10 60 27.1 5% 40 5 22.6 20 20.9 0 0 0% Revenues Raw Material Other operating Personnel cost EBITDA FY 2024 FY 2025 (incl. Δ in Inventories Consumption ex
Slide 18: EBIT & Net Income
2. Financial results 18 EBIT & NET INCOME - €/M 2024 – 2025 EBIT NET INCOME 11 10.4 8% 8 8% 7.3 10 7 7% 9 8 7.5 5.6% 6% 6 6% 7 5 5% 4.4% 6 4.0 4% 4.0% 4 4% 5 4 3 3% 2.4% 3 2% 2 2% 2 1 1% 1 0 0% 0 0% FY 2024 FY 2025 FY 2024 FY 2025 EBIT margin NET INCOME margin
Slide 19: Net Financial Position
2. Financial results 19 NET FINANCIAL POSITION - €/M 2024 – 2025 33,1 30,9 20,1 2024 2025 35 NFP 33,10 30,90 30 EBITDA 16,60 20,90 25 20.0 Non current Debt NFP / EBITDA 1,99 1,48 20 21.4 Current Debt without Lamitex acquisition effects 15 NFP ADJ 20,1 10 18.2 NFP ADJ/EBITDA 0,98 13.1 5 9.5 including
Slide 20: Cash Flow Analysis
2. Financial results 20 CASH FLOW ANALYSIS - €/M 2024 – 2025 40.0 2.3 35.0 5.9 8.0 30.0 25.0 6.8 19.1 20.0 4.4 2.1 15.0 1.1 10.0 15.0 12.5 5.0 0.0 Cash Cash from Operational NWC Changes Other Changes Capex Intangible Banks Debts Dividents Cash 31/12/2024 Lamitex Cash flow and Leasing Payment 31/12/2
Slide 21: 3. Future Outlook & Growth Strategy
3. FUTURE OUTLOOK & GROWTH STRATEGY
Slide 22: Future Outlook
3. Future outlook & Growth strategy 22 FUTURE OUTLOOK Geopolitical context: increasing complexity (Ukraine war, Usa-Israel-Iran war, USA–China commercial war), with impacts on strategic raw materials (pulp, titanium dioxide, animal by-products, energy, plastic film, resin) Further push to enrich the
Slide 23: Growth Strategy
3. Future outlook & Growth strategy 23 GROWTH STRATEGY Focus on higher-margin products (laminates, films) Maximize cross-selling with Neodecortech Key project on Kraft paper Extension of operating period
Slide 24: 4. ESG Approach
4. ESG APPROACH
Slide 25: 2030 UN Sustainable Development Goals
4. ESG approach 25 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 26: Certifications
4. ESG approach 26 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 27: Emissions
4. ESG approach 27 EMISSIONS Savings Saving K€ Environment Details / Notes Unit Projects yearly basis al Impact Greater regulatory stability for energy production from ton CO₂ Integration of bio-liquids usage BEG – CDG 5.000 renewable sources; medium-to-long-term energy planning -18.933 eq. improvem
Slide 28: Uses of Gas and Water
4. ESG approach 28 USES OF GAS AND WATER Savings Saving K€ Environment Details / Notes Unit Projects yearly basis al Impact Horizon Project: installation of a heat pump to recover waste 300 minor reduction in fossil fuel usage -600.000 m³ gas heat from the BEG power plant Water ozonation at CDG 60 m
Slide 29: Recycling and Waste
4. ESG approach 29 RECYCLING AND WASTE Savings Saving K€ Environment Details / Notes Unit Projects yearly basis al Impact 260 tons of wastepaper, in addition to 4,245 tons of recycled secondary printed paper, are used for the production of Balance and/or Use of wastepaper and printed paper at Cartie
Slide 30: On Going Projects
4. ESG approach 30 ON GOING PROJECTS Savings Saving K€ Environment Details / Notes Unit Projects in Progress yearly basis al Impact Lower waste disposal and lower methane consumption. tons CO₂ Cogeneration plant for the thermal valorisation of production 500 -1.042 Minor CO₂ emissions related to was
Slide 31: Disclaimer
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-lookin
Slide 32: Appendix
APPENDIX Shareholders and market data Financial Results Key Contacts
Slide 33: Adoption of Best Practice in Transparency and Corporate Governance
Appendix 33 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 34: Income Statement
Appendix 34 INCOME STATEMENT 2025 – 2024 31 Dec 2025 % 31 Dec 2024 % Change Change % (Euro thousands) Revenue from sales and services 184.072 100,0% 168.575 100,0% 15.497 9,2% Changes in work in progress, semi-finished and finished products 1.664 0,9% (945) (0,6%) 2.609 (276,1%) Other revenue 3.785
Slide 35: Balance Sheet Statement – Assets
Appendix 35 BALANCE SHEET STATEMENT – ASSETS 2025 – 2024 31 Dec 2025 % 31 Dec 2024 % Change Change % Assets (Euro thousands) Intangible assets 9.762 5,3% 3.317 1,9% 6.445 194,3% Tangible assets 77.318 41,8% 74.480 42,9% 2.838 3,8% Equity investments 2 0,0% 0 0,0% 2 - Other non-current assets 62 0,0%
Slide 36: Balance Sheet Statement – Equity and Liabilities
Appendix 36 BALANCE SHEET STATEMENT – EQUITY AND LIABILITIES 2025 – 2024 31 Dec 2025 % 31 Dec 2024 % Change Change % Equity and liabilities (Euro thousands) Share capital 18.804 10,2% 18.804 10,8% 0 0,0% Share premium reserve 19.188 10,4% 18.864 10,9% 324 1,7% Other reserves 32.794 17,7% 30.276 17,5
Slide 37: Net Financial Position
Appendix 37 NET FINANCIAL POSITION 2025 – 2024 31 Dec 2025 31 Dec 2024 Change (Euro thousands) A. Cash funds 15.030 12.483 2.547 B. Cash and cash equivalents 0 0 0 C. Other current financial assets 0 82 (82) D. Cash (A+ B + C) 15.030 12.565 2.465 E. Current financial debt (14.526) (16.226) 1.700 F.
Slide 38: Consolidated Debt Maturity at 31 December 2025
Appendix 38 CONSOLIDATED DEBT MATURITY at 31 December 2025 Debt Repayment plan (€/ M) One covenants on CDG long term debts 10 9.9 9 21% 8.2 Fixed rate 8 7 6 5.1 5 4 3 2.4 2 1.8 1.4 1.0 1 0.6 0.1 0 2026 2027 2028 2029 2030 2031 2032 2033 >2033 79% Variable rate To be refounded weighted average ROD(sh
Slide 39: Key Contacts
Appendix 39 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 40: Neodecortech – Decors and surfaces for sustainable living
NEO DECOR TECH Decors and surfaces for sustainable living.