Dexelance · MIL:DEX
Dexelance — Q1 2026 Earnings Presentation
29 slides from Dexelance's earnings presentation, May 4, 2026
Slide 1: Interim Financial Information as at 31 March 2026
INTERIM FINANCIAL INFORMATION AS AT 31 MARCH 2026 4 MAY 2026 18.00 – 19.00 (CET)
Slide 2: 3 months 2026 highlights
3 months 2026 highlights : ~17% YoY revenue growth driven by M&A ; organic margins impacted by operating deleverage 84,4 mln 1Q 26 Revenue (+17.1% YoY) ↳ Organic perimeter -10.6% YoY • Omnichannel -go -to-market delivering robust growth • Stable performance in Kitchen&Systems • Quarterly expected se
Slide 3: DEXELANCE@Events | Saba and Meridiani at Maison & Objet in The City
DEXELANCE@Events | Saba and Meridiani participated in “Maison & Objet in The City” in Paris, showcasing their flagship stores on Boulevard Saint - Germain 3
Slide 4: DEXELANCE@Events | Flexalighting and Axolight at Interior Design Show Toronto
DEXELANCE@Events | Flexalighting and Axolight participated in the “Interior Design Show” in Toronto, presenting their latest solutions capable of combining aesthetics and functionality 4
Slide 5: DEXELANCE@Events | The Modern Salon at the 72nd Winter Show
DEXELANCE@Events | Dexelance featured in “The Modern Salon” at the 72 nd Winter Show in New York, where curated seating blends with contemporary elements, vintage pieces and objects d’art Discover the new Turri identity 5
Slide 6: DEXELANCE@Salone del Mobile.Milano
DEXELANCE@Salone del Mobile .Milano | The Group took part in the fair with its full portfolio of furniture and kitchen brands, along with multiple events in Milan at Fuorisalone TRADE FAIR Visitors 1 ~ 316,000 (+4.5% attendance compared to 2025) Intl. presence 1 ~ 68 % DEXELANCE 9 brands showcasing
Slide 7: DEXELANCE@Salone del Mobile.Milano | Meridiani 30th anniversary
DEXELANCE@Salone del Mobile .Milano | Meridiani marked its 30 th anniversary with “30 years of ME”, unveiling a limited edition of its iconic Plinto collection and introducing a refined new textile selection 7
Slide 8: DEXELANCE@Salone del Mobile.Milano | Mohd with Tom Dixon
DEXELANCE@Salone del Mobile .Milano | Mohd presented “Interior Reflections”, an installation created with Tom Dixon, reflecting today’s ever - evolving ecosystem Mohd Officina – Via Mauro Macchi, 82 (MI) Spazi Mohd – Via Filippo Turati,3 (MI) 8
Slide 9: DEXELANCE Renaissance @Salone del Mobile.Milano
DEXELANCE @Salone del Mobile .Milano | “Un’ora di luce” : a retrospective exhibition in a deconsecrated Renaissance church in Piacenza, tracing the evolution of Davide Groppi’s lighting design 9
Slide 10: Revenue breakdown by SBA
Revenue breakdown by SBA | 1Q growth driven by Mohd consolidation ; organic performance reflects a more pronounced seasonality towards the second half of the year, particularly in Luxury Contract F1Q 25 F1Q 26 Δ Furniture 29,7 25,3 -14.9% Lighting 8,4 7,7 -8.8% Kitchen&Systems 14,6 14,6 +0.0% Omnich
Slide 11: Revenue breakdown by channel
Revenue breakdown by channel | Ex - Mohd contribution, Retail showed greater resilience compared to Soft Contract, where macroeconomic uncertainty is extending project cycles F1Q 25 F1Q 26 Δ Retail 39,0 48,9 +25.5% Soft Contract 13,7 19,0 +38.1% Hard contract 19,4 16,5 -14.7% TOTAL 72,1 84,4 +17.1%
Slide 12: Revenue breakdown by region
Revenue breakdown by region | Both organic and overall solid growth in Europe (+ 55 % YoY), partially counterbalancing weaker conditions in Italy and regional shifts driven by Luxury Contract F1Q 25 F1Q 26 Δ Italy 18,9 19,3 +2.4% Europe (excl. Italy) 22,4 34,9 +55.5% North America 13,8 15,1 +9.4% RO
Slide 13: Financial results
Financial results | Despite operating deleverage weights on organic EBITDA and Net Income, Gross margin incidence remains broadly stable - both in the old and new consolidation perimeter Profit & Loss | €mln Revenue Organic Total F1Q 25 % F1Q26 % - 11.0% +17.1% Revenue 72,1 100,0% 84,4 100,0% Other
Slide 14: 1Q 26 financial results: cash flow and net financial position
F 1Q 26 financial results | Anticipated quarterly NWC dynamics drive a temporary increase in net bank debt Cash Flow 1Q 26 | €mln Net Financial Position | €mln 1Q 25 FY 25 1Q 26 (1) Net bank debt FY 25 (52,7) Net bank debt ( long term ) 13,2 52,7 72,0 Minorities&earnout (mostly long term)* and other
Slide 15: Order intake
Order intake | First - quarter intake, together with end of 2025 backlog, shows a trend in line with expectations Year -to-date order intake +10% wrt 1Q25 398,0 102,0 F12M 25 F1Q 26 Luxury Contract Residential 15
Slide 16: Update on the Announced Capital Increase
Update on the Announced Capital Increase December 11 th January 20 th May 4 th By the end of By 1H 2026 May 2026 Dexelance BoD exercises the delegation Capital Increase approved by the EGM: BoD to set terms of to increase the share capital. Completion of Capital Increase approved by the o Up t
Slide 17: Q&A Session
Q&A SESSION
Slide 18: Annex 1: Profit & Loss reconciliation
Annex 1 Profit & Loss reconciliation Actual vs Full Adj . | €mln Actual Actual Adj. Actual Actual Adj. F1Q 25 Adj. F1Q 25 F1Q 26 Adj. F1Q 26 Revenue 72,1 - 72,1 84,4 84,4 Other income 1,4 1,4 1,7 1,7 Total Revenue 73,5 - 73,5 86,1 86,1 ADJ DETAILS Operating Costs (54,0) - (54,0) (64,4) - (64,4) F1Q
Slide 19: Annex 2: Balance Sheet Statement
Annex 2 Balance Sheet Statement | €mln FY 25 1Q 26 Intangible assets 266,6 264,6 Right of use 35,3 34,2 Property, plant and equipment 37,6 37,5 Holdings and other non-current assets 19,0 19,6 Non-current assets 358,6 355,9 Inventory 69,4 78,1 Trade receivables 34,2 35,9 Other current assets 13,0 14,
Slide 20: Annex DEXELANCE@Salone | Gervasoni & Very Wood
Annex DEXELANCE@Salone del Mobile .Milano |Gervasoni & Very Wood 20
Slide 21: Annex DEXELANCE@Salone | Meridiani
Annex : DEXELANCE@Salone del Mobile .Milano |Meridiani 21
Slide 22: Annex DEXELANCE@Salone | Saba
Annex : DEXELANCE@Salone del Mobile .Milano |Saba 22
Slide 23: Annex DEXELANCE@Salone | Gamma & Dandy Home
Annex : DEXELANCE@Salone del Mobile .Milano |Gamma & Dandy Home 23
Slide 24: Annex DEXELANCE@Salone | Turri
Annex : DEXELANCE@Salone del Mobile .Milano |Turri 24
Slide 25: Annex DEXELANCE@Salone | Roda
Annex : DEXELANCE@Salone del Mobile .Milano |Roda 25
Slide 26: Annex DEXELANCE@Salone | Binova
Annex : DEXELANCE@Salone del Mobile .Milano |Binova 26
Slide 27: Disclaimer (1/2)
Disclaimer (1/2) This presentation (the “Presentation”) has been prepared by Dexelance S .p.A . (the “Company” and together with its subsidiaries, the “Group”) for information purposes only and should not be reproduced or redistributed . The Presentation does not constitute an offer to sell or a sol
Slide 28: Disclaimer (2/2)
Disclaimer (2/2) This communication is not intended for publication or distribution, in whole or in part, directly or indirectly, in the United States of America, Australia, Canada, South Africa, Japan or any other jurisdiction where such publication or distribution would be unlawful . This document
Slide 29: Office locations and contacts
Italy Corso Venezia, 29 - 20121 Milano, Italy (+39) 02.83975225 China No.10, Lane 905, Huashan Road, Xuhui District , Shanghai, China (+86) 1811 5560 585 UK Unit 308 Harbour Yard, Chelsea Harbour London SW10 0XD (+44) (0) 7428382943 USA 192 Lexington Ave. New York, NY 10016, U.S.A. (+1) 929 684 9771