Elica S.p.a. · MIL:ELC
Elica — Q1 2025 Earnings Presentation
29 slides from Elica's earnings presentation, April 2025
Slide 1: Q1 2025 Results Analyst Presentation
01 2025 Results Analyst Presentation =\|(er=
Slide 2: Agenda
elica Agenda HM Q12025 Highlights 01 ®@ «Financial Review .04 Q1 2025 Results ™@ Industry Trend .02 ™@ Closing Remarks & .05 Outlook ™@ Sales Dynamics .03 @ Annex: .06 Financial Highlights
Slide 3: Q1 2025 Results
Q1 2025 Results
Slide 4: Highlights Q1
elica Highlights Q1 Back to growth in both divisions in a weak reference market, while investing in our business NET SALES YoY CHANGE 118,8 M€ +1,6 M€ +1,3% (+1,2% organic) EBIT ADJ YoY CHANGE 1,1 M€ -0,7 M€ 0,9% -0,6 pts NFP. YoY CHANGE (46,9) M€ -3,7 M€ Encouraging Dynamics in an uncertain busines
Slide 5: Highlights Q1
elica Highlights Q1 Back to growth in both divisions in a weak reference market, while investing in our business 10% A4% 18% 13% -9% 4% A% -2% +1% Deltavs PY NET SALES YoY CHANGE 129 126 "3 117 120 19 18,8 M€ +1,6 M€ 106 104 m - +1,3% (+1,2% organic) Q123 —Q2'23.-Q3'23.Q4'23, 124. Q2'24.-Q3'24. 424.
Slide 6: Industry Trend
O2 Industry Trend Q1 2025 Results
Slide 7: Europe: Sales Units Trend
elica EUROPE: Sales Units Trend Volume Data Change % vs LY COOKER HOODS Market Size (2024): 5,6 M units ASPIRATION HOBS Market Size (2024): : 0,5 M units Source GFK 0% 2% -4% -6% 8% 10% 12% 14% 16% 70% 60% 50% 40% 30% 20% 10% 0% 10% Jan/Feb Q12022 Q2 2022 Q3 2022 Q4 2022 Q12023 Q2 2023 Q3 2023 Q4202
Slide 8: Persisting high promotional environment
elica Persisting high promotional environment Average Market Price flattening vs. 04 2024 despite seasonality 2023- 2024-2025 AVERAGE PRICE TREND IN EUROPE (Excluding Russia) i Kitchen hoods Delta vs LY A,2% +3,5% -3,8% 1,5% ~3,2% 5.2% 2.0% 9 gop -4,8% 2023 2024 2025 QW Q2 Q3 Q4 Q1 Q2 Q3 Q4 Jan/Feb
Slide 9: North America: Industry Shipments
elica | ed NORTH AMERICA: Industry Shipments Volume Data Change % vs LY Ventilation Cooking (*) FY 2023 FY 20224 Jan/Feb 2025 ey 2023 ey 2004 Jan/Feb 2028 o% J 18% “8% 10% 10% 5% “15% 0% -20% -5% -25% 10% (*) Cooking includes = 10% Microwaves anticipated purchases for China due to tariffs increase e
Slide 10: Sales Dynamics
Sales Dynamics Q1 2025 Results
Slide 11: Sales Key Drivers & Regional Overview
elica Sales Key Drivers & Regional Overview Sales Key Drivers Sales by Business +1,6 ME +1,3% H v | 18,8 i 4,3 +0,3 Py 7.1 +0,3% 11% Me 12024 , 12026 Net Sales Organic Currency Net Sales Positive sales variance (+1%) Q1 2024 = Growth in the North America driven by the new distribution strategy imple
Slide 12: Cooking Sales by Region & by brand
elica Cooking Sales by Region & by brand Cooking Sales by Region Cooking Sales by brand w Americas > EMEA = OEM = Asia Own Brand 58% 70% Americas Emea Asia Cooking = Tir OEM Own Brand Cooking Tir = = Q12024 17,8 66,3 6,3 90,4 Q12024 37,6 52,8 90,4 +0,1 +0,2 +0,0 +0,3 +0,1 +0,2 +0,3 Currency +0,7% +0
Slide 13: Americas Sales Highlights
elica Americas Sales Highlights Americas Cooking Sales ———_ B2B cas = New Distributors 69% = B2C 19% yO eM Q1 2025 VAR vs 2024 B2c 58 1,2 +27% B2B 13,4 - -% Total Americas 19,0 41,2 +7% Q1 2025 Results B2C growing double digit in a persisting weak market, thanks to direct distribution strategy and e
Slide 14: USA - Duties Summary Update
='-2 USA - Duties Summary Update Country of Origin Products Sales channel Duties Risk Impact Impact/Actions © Mexico i B2C + B2B Hobs Cooker Hoods NO IMPACT so far due to USMCA exemptions Ex-works China: Customer in charge for duties obligations, will apply a Price Increase. Wine Coolers B2c Not Mat
Slide 15: Boots on the Ground: Direct Distribution expansion to Northeast US
elica Boots on the Ground: Direct Distribution expansion to Northeast US ze kn uf We’re glad to announce that we’ve expanded to the Northeast! This growth allows us to bring our commitment to innovation, design, and quality to even more kitchens across the country. Now bigger and better than ever, w
Slide 16: Q1 2025 Results
Q1 2025 Results
Slide 17: Q1 2025 Results
elica 01 2025 Results Q1 2025 Results CHANGES vs. PRIOR YEAR <M Qt 2025 Q12024 % VAR Qi NET SALES 18,8 17,2 13% VOLUME + PRICE / MIX - ADJUSTED EBITDA 7,0 7.6 (7,6)% COOKING TRANSFORMATION -- % NET SALES 5,9% 65% 60 bps INFLATION/COST TAKEOUT + ADJUSTED EBIT 41 18 (41,1)% CURRENCY + % NET SALES 0,9%
Slide 18: Net Financial Position
elica Net Financial Position €M Q1 2025 Q1 2024 VAR OPENING NFP 57,0 53,4 (3,6) IFRS 16 EFFECT 10,2 12,1 (1,9) OPENING NFP- Net of IFRS 16 46,8 41,3 (5,5) OPERATING CASH FLOW 6,3 7,5 (1,2) CAPEX (1,9) (3,1) 1,2 TAXES (0,9) (0,9) 0,0 OPERATING FCF 3,6 3,5 0,2 % SALES 0,8% 0,7% BUY BACK (0,1) (0,4) 0,
Slide 19: Q1 2025 Results
Q12025 Results
Slide 20: Profitability Turnaround Driving Transformation Accelerating Growth
Profitability Turnaround Driving Transformation Accelerating Growth ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ → ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 21: Closing Remarks: Driving Transformation in a Perma-Crisis scenario
elica Closing Remarks: Driving Transformation in a “Perma-Crisis” scenario " Q1 Highlights & Take-Aways Encouraging Dynamics in an uncertain business environment: growth in both divisions, but still 9 months ahead of us. Transformation and Projects Execution impacting margins: priority remains and w
Slide 22: Q1 2025 Results
Q1 2025 Results 22
Slide 23: Financial highlights (EPS note)
* EPS is calculated by dividing the Net Result pertaining to the Group by the number of ordinary shares outstanding, excluding treasury shares at the same data.
Slide 24: Net Working Capital
elica Net orking <M Q12025 FY 2024 Trade receivables 39,5 34,8 % on annualized sales 8.3% 74% Inventories 90,8 86,1 % on annualized sales 19,1% 18,2% Trade payables (124,2) (12,8) % on annualized sales (26,1)% (23,8)% Managerial Working Capital 64 a1 % on annualized sales 13% 17% Short term assets &
Slide 25: Consolidated Cash Flow
elica Consolidated Cash Flow em Q12025 Q12024 Operating Cash Flow 55 5,2 Capex (1,9) (31) Cash Flow from Financial Activities (4,0) (3,8) Net Financial Position (0,4) (4.8) 25
Slide 26: Consolidated B/S
elica Consolidated * Including IFRS 16 effect. B/S 12025 12024 Q12025 12024 Net Operating Fixed Assets 192,2 187,9 Net Financial Position * 58,6 55,1 Net Working Capital 27 12,2 Group Equity 132,2 142,7 Minorities 59 5,0 Net Financial Asset 18 27 Total Shareholders’ Equity 138,1 147.7 Net Capital Em
Slide 27: Non Recurring items & Minorities
elica Non Recurring items & Minorities eM Q12025 Q12024 RESTRUCTURING SG&A (0,1) 0,2 OTHERS (0,2) (0,2) Total Non Recurring Items (0,3) (0,1) MINORTY MINORTY em SHARES 12025 SHARES Q12024 ARIAFINA 49% 0,4 49% 0,4 Total MINORITIES 0.4 0.4 27
Slide 28: Disclaimer
Disclaimer This presentation may contain forwards-looking information and statements about Elica S.p.A. and its Group. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements re
Slide 29: Thank you
Thank you =\|(er=