Dexelance · MIL:DEX
Dexelance — 9M 2024 Earnings Presentation
19 slides from Dexelance's earnings presentation, November 2024
Slide 1: Interim Financial Information as of 30 September 2024
DE XELANCE INTERIM FINANCIAL INFORMATION AS OF 30 SEPTEMBER 2024 42 NOVEMBER 2024
Slide 2: Disclaimer
Disclaimer 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 solicitation
Slide 3: Presenters today
Presenters today Marella Moretti Corporate Development & IR Manager Andrea Sasso Alberto Bortolin Chief Executive Officer Chief Financial Officer
Slide 4: 9M 2024 key figures
€ 231,8 min +16.9% vs 9M 23 @ current exch nge rates € 32,2 min -5,8% vs FOM 23 Margin 13,9% € 12.5 mln € 83,2 mln NFP incl. put&call options. earnouts & others € 116.8 min NFP incl. IFRS16 € 231,8 min +4,7% vs FOM 23 @ current exchange rates €12,4 mln -16,7% vs FOM 23 Margin 5,4% ~B4%
Slide 5: Brands keep investing with retail partners to build longstanding relationships
Dexelance brands keep inve J < de their retail pe rs to build longstanding relationships, strengthen market s 2, impro s and create momentum for the D&A* community Turri opened a new shop-in-shop in collaboration with Moda Interni @Manila, Philippines menti opened a new major shop-in-shop nc ion wit
Slide 6: Meridiani's renewed monobrand store
Meridiani's renew at the Rut @Copet ba renewed thi of the Milan monobrand s in collaboration with Spotti lan, Italy (Des andar
Slide 7: WM
WM
Slide 8: Turri at From Italy with Love, Bloomingdale's New York
Turri participated at “From Italy with Love oomingdale’s New York, a pop-up initiative promoted by Salone del Mobile.Milano to celebrate italian design with installation inspired by Giorgio de Chirico
Slide 9: Davide Groppi lighting at Lake Como Design Festival
Davide Groppi lighted the temporary restaurant by the Michelir r Se sl Ce i set up during the Lake Como Design Festival and hosted in a noble structure of the mid-ninete
Slide 10: Lighting confirmed as strategic, with further synergies to unlock
Lighting is confirmed as of strategic value for Dexelance, with further synergies to be unlocked by the renewed synergistic interaction between Axolight and Flexalighting On 15'" October the Group announced the acceleration to its ascent to 100% of the Axolight share capital through the acquisition
Slide 11: envoy g AOUUOUHOEOEHOUEL
envoy g AOUUOUHOEOEHOUEL "
Slide 12: 9M 2024 financial results: healthy revenue growth, stable gross margin
Full 9 months 2024 financial results: healthy growth in revenue, paired with a stable gross margin. Operating leverage effect and more homogeneous basis of comparison contribute in narrowing the gap in margins with respect to 1H 2024 inns Profit & Loss | €m Revenue Fom 23“ % FOM 24 % Revenue 2244 10
Slide 13: Revenue by product category
Furniture 32,0 32.4 +11% 98.9 101.6 42.1% Lighting 6.3 (ae +22,0% 23,0 23.7 +3,4% Kitchen&Systems 13,4 14,6 +9,0% 40.9 43,9 +7,3% Residential 1s 4S 451% 162.8 169.3 +4,0% Luxury Contract 18,8 264 +39,3%. 58.6 62,5 +6,8% TOTAL 70.5 80.8 +14,6% 2244 231.8 +4,1% Strong growthin 3@ for luxury contract t
Slide 14: Revenue by channel
Retail S77 39,7 +5,4% 124.0 127.2 +2,6% Soft Contract 144 15.0 46.3% 8.8 42,0 48,35 Hard contract 18.8 26.1 +39,3% 08.6 62.6 +5,8% TOTAL 70.5 80.8 +14.6% 221.4 2318 +4.17% Strong growthin 3@ for luxury contract thanks tobotha recovery of projects shifted from 2Q and a comparison with a «softer» 3Q 2
Slide 15: Revenue breakdown by region
Soft and hard contract projects keeps generating quarterly swings. Trend in retail confirms the overall Group growth across all regions except for central Europe. where the performance of key industry markets, like France and Germany, remains weak Revenue breakdown by region |€m Italy 14.3 25 — +60,
Slide 16: NWC on track for neutral impact at year-end
Despite usual quarterly swings, NWC is on track for neutral impact at year-end NET WORKING CAPITAL | €m NET FINANCIAL POSITION | €m FY 23 9M 24 73 8.3 43 Net bank debt 14,2 n i Minorities*, earnouts* and others 734 , >60,2m cash : | a i 7m bank debt | 4 | IFRS16 (accounting item) 33,7 33,6 | lylongt
Slide 17: High single-digit growth
High single-digit growth 239.4 2214 7
Slide 18: BE XELANCE
BE XELANCE
Slide 19: Dexelance brands and locations
DE XELANCE Italia Cina UK USA GERVASONI 1882 C=NACCHI! MITON| VERY wood davide groppi FLEXALIGHTING MERIDIANI sebe" Axelight