Slide 1: Investor Presentation March 2026
Global supplier of control systems and control cables INVESTOR PRESENTATION __________________________________________ March 2026
Slide 2: Key Highlights
COFLE GROUP Key Highlights KEY POINTS DESCRIPTION • Secular trends driving increased total addressable 208 Growth market Farm Tractors 1 ($bn) • Agricultural Machinery Market Size Forecast to 2030 160 Market size ($bn) 2030E estimated growing with +5,4% CAGR 2025-20301 2025 Global Presence • We are
Slide 3: Cofle Group: Snapshot
COFLE GROUP: Snapshot One global player, two divisions: OE and IAM ALL-IN-HOUSE ALL-IN-HOUSE PRODUCTION PRODUCTION** ORIGINAL INDEPENDENT EQUIPMENT - 62%* AFTERMARKET - 38%* ▪ OEM ▪ OES CABLES FOR THE AUTOMOTIVE CONTROL SYSTEMS AND AFTERMARKET Cofle Brand products Third-Party Brand Cofle Brand CONTR
Slide 4: Key Milestones
KEY MILESTONES Group history since foundation • Evolution from the initial • Significant boost in the Aftermarket workshop setting to a more industry - Cofle clearly part of this trend • The Group aims at expanding industrial one • Set up of production activities in Turkey further its products offer
Slide 5: Cofle Group Today
COFLE GROUP TODAY ITALY– IAM Logistic Plant TURKEY – TK 1 OE Plant ITALY – OE Logistic Plant PRODUCTION PLANT ITALY – HQ & Plant ALL-IN-HOUSE 6 in 4 countries PRODUCTION Pricing power thanks to COMMERCIAL DEPARTMENT Pozzo d’Adda (MI) Istanbul all production In-House Trezzo sull’Adda (MI) Plant Descr
Slide 6: Group Structure & Governance
GROUP STRUCTURE & GOVERNANCE Board of Directors Statutory Auditors Chairman Cofle SpA Chairman & CEO Giuseppe Rota Italy Walter Barbieri Auditor VP and Director Arturo Carcassola Alessandra Barbieri Auditor Director Ugo Palumbo Marco Facchin Assi Supplementary Auditor 80% 100% Cofle Do Brasil Nicola
Slide 7: Organization Chart
ORGANIZATION CHART Experienced multinational Management Team Walter Barbieri CEO Alessandra Barbieri Claudio Viscardi Managing Director & IR Group CFO and Operation Director Halil Bilgin Demet Benveniste General Manager COFLE TK General Manager TABO > 20 years of experience > 20 years of experience
Slide 8: OE Division
OE DIVISION All-In-House production Off-Road Applications Premium Luxury Brands Applications Steering Cables for all Columns applications Fix Hub and Anti-Dumping System Gearshift Lever, Handbrake and Cables Gearshift Towers with Electronics Knobs P.T.O. Joysticks for Front Loader Systems (with push
Slide 9: IAM Division
IAM DIVISION All-In-House production Control Cables Brake Cables Brake Hoses IAM DIVISION Epb Puller Cables Epb Systems 9
Slide 10: Navigating Market Trends
NAVIGATING MARKET TRENDS Overview of Key Sector Trends ● Aftermarket (AM) Trends: observing decline in control/pull cables and an increase in demand for gear shift cables and electronic parking brakes (EPB), as well as brake hoses ● Original Equipment (OE) Trends: Observing a gradual decrease in mec
Slide 11: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS A company ready to ride secular trends for a long-term journey 1 OE: Exceptionally sound path to growth on a global scale 2 OE: Competitive advantage Global Growth Scenario 3 IAM: Only at an early stage of international scalability 4 Global Supply Chain 5 State of Art Crede
Slide 12: OE: Exceptionally sound path to growth on a global scale
1 OE Exceptionally sound path to growth on a global scale catching the wave of a secular trend in population dynamics and food demand Agricultural Machinery Market Size Forecast to 2030 208 Agricultural Machinery ($bn) 160 Market Size ($bn) 2031E 2023 Sources: Agricultural Machinery Market: Mordor I
Slide 13: OE: Competitive Advantage
2 OE: COMPETITIVE ADVANTAGE The main competitive advantage for OE division is represented by its high level of verticalization which allows the company to increase its operating margins with respect to the competitors in the industry Water tank with Plastic welding electric pump Mould design and pro
Slide 14: IAM: Growth in the European aftermarket
3 IAM Planning growth in the European underpenetrated automotive Aftermarket Average Age of the EU vehicle fleet IAM Brake Cables Market Size 501 90 52 Brake Cables 137 Clutch Cables 147 Gear Shift Cables € mln o/w € 16 mln 76 Brake Hoses Cofle 2024 Revenues EPB Leveraging on Italian and Turkish pro
Slide 15: IAM Division Value Proposition
IAM DIVISION Value proposition ❑ The Voice of Customer ✓ Tailored Solutions: Flexible Pricing Based on Minimum Order Quantity (MOQ)A ✓ Packaging Center: Customizable Options from Individual to Bulk Packaging, Including Private Brand Labeling (PBL) ❑ Artificial Intelligence (AI) ✓ Enhancing Efficienc
Slide 16: Global Supply Chain
4 GLOBAL SUPPLY CHAIN Strategically positioned to boost long term expansion Integrated facilities and platforms in the key areas of the world BENELUX Cofle S.p.A. Cofle TK Otomotiv Cofle France SPAIN Cofle Tabo ITALY Cofle Taylor India PORTUGAL Cofle do Brasil Ltda. Cofle, active in France since 198
Slide 17: State of Art Credentials - OE
5 STATE OF ART CREDENTIALS - OE A highly prestigious and diversified customer base all over the world Agriculture Construction & Industrial Automotive New client 1 Long term relationship with Top Market Leaders in the world, ranging from CNH to AGCO and John Deere as undisputed proof of leadership.
Slide 18: State of Art Credentials - IAM
6 STATE OF ART CREDENTIALS - IAM From Top Aftermarket Manufacturers to Top Aftermarket distributors New customer Long term relationship with Top Aftermarket Leaders in the world (Continental & Bosch) Long term relationship with Top Aftermarket Distributors in the world (Unix) Launching EPB Range: th
Slide 19: Focus on R&D
7 FOCUS ON R&D Innovation to anticipate next future trends Commitment to launching disruptive solutions to stand out 2 28 2 12 1 R&D CENTER PEOPLE EMPLOYED IN ENGINEERING CENTER REGISTERED PATENTS DEDICATED OEM R&D ACTIVITES IN THE LAST 5 YEARS INNOVATION HUB ACROSS 5 COUNTRIES Today HOW WE 1 From s
Slide 20: Update
UPDATE 20
Slide 21: IAM New Products Update
IAM NEW PRODUCTS UPDATE All-In-House production to maintain high margins ELECTRONIC PARKING BRAKE (EPB) Thanks to this innovation, for which Cofle has already filed patents, and considering the expected increase in demand over the coming years, Cofle estimates a revenue growth of approximately 10 mi
Slide 22: OE New Projects Update: INEOS
OE NEW PROJECTS UPDATE INEOS Cofle technology is aboard the new off-road Ineos Grenadier Cofle provides Transfer Case Manual Shifter and Cables, which enables the unlocking of the differential to vary power distribution to each individual wheel, as well as the engagement and disengagement of low gea
Slide 23: OE New Projects Update
OE NEW PROJECTS UPDATE Off Road Products – Some examples of mechatronic & electronic applications In the Turkish plant, a new production department has recently been added for the SPECIAL SWITCHES KNOBS AND PCB manufacturing of electronic components. The new department will be responsible for assemb
Slide 24: PLEXION presented at AGRITECHNICA 2025
PLEXION – presented at AGRITECHNICA 2025 PLEXION is the new complete advanced mechatronic pedal control system - ready to plug in, built to perform in agricultural, off-road, and industrial environments with long-lasting reliability and top-tier performance. SEE OUR VIDEOS HERE https://youtu.be/5Gb0
Slide 25: New Logistics Center in Italy
NEW LOGISTICS CENTER IN ITALY Warehouse A Warehouse B Around 3.500 sq.m. just in proximity of Autostrada A4, a few minutes from the Headquarters, between Milano and Bergamo. Fully operational from April 2024 It hosts the OE Logistic Division 25
Slide 26: Innovation Through Sustainability
INNOVATION THROUGH SUSTAINABILITY Dear Stakeholders, We are proud to present our KPI from 2024 Sustainability Report, highlighting our journey, since 1964, and our ongoing commitment to CSR and environmental stewardship. Since 2022, we've expanded our sustainability efforts to include our Turkish su
Slide 27: ESG: Environmental
ESG ENVIRONMENTAL • + 2,8% electricity from renewable sources (2024 vs. 2023). • - 14,4% total energy consumption per revenues (2024 vs. 2023) • 99% Raw materials used by recycling (Aluminium and Zamak) [-230 tCO2e issued] • 98,3% of the total waste is destined for recovery • -329,2 tCO2e of total g
Slide 28: Sustainable Development Goals: Environmental
Sustainable Development Goals ENVIRONMENTAL • Installation of solar panels at the Pozzo d'Adda plant • Installation of electric vehicle charging stations powered by renewable energy sources • Study of new packaging to replace the use of plastic for all AM clients • Replacement of single-use wooden b
Slide 29: ESG: Social
ESG SOCIAL • 99,7%% of employees on permanent contracts • 3.212 training hours in 2024 • Selection and evaluation of suppliers with environmental, ethical and social criteria • 90% of suppliers from Cofle SpA have certifications • 0% Rate of injuries with serious consequences in 2024 • Projects for
Slide 30: Sustainable Development Goals: Social
Sustainable Development Goals SOCIAL SOCIAL • Pursuing of the prevention project with free medical visits for employees in collaboration with LILT (Italian League for the Fight against Cancer) 2025 • Gender Pay Equality: Ensure equal pay for equal work across all genders and eliminate the gender pay
Slide 31: ESG: Governance
ESG GOVERNANCE • Corporate Code of Ethics • Adoption of "Organizational, Management, and Control Model" pursuant to Legislative Decree No. 231/2001* • Integrated Quality and Environment Management System in compliance with UNI EN ISO 9001 - 14001 standards and IATF 16949 • Internal Dealing procedure
Slide 32: Sustainable Development Goals: Governance
Sustainable Development Goals GOVERNANCE • Increase in the share of •female Study and inclusionin presence of the ESG goals in the remuneration systems of Managers company 2025 • Gradual expansion of the sustainability reporting scope to fully cover the Group consolidation 32
Slide 33: Financial Highlights
FINANCIAL HIGHLIGHTS 33
Slide 34: Financial Highlights: Sales Breakdown
FINANCIAL HIGHLIGHTS 1H2023 – 1H2025 Sales Breakdown by Line of Business (€ mn) 1H2025 OEM Sales Breakdown by Division (€ mn) 1H2025 IAM Sales Breakdown by Division (€ mn) Sports Cars Others; Others OE IAM 0,3; 2% 0,4; 3% 0,2; 2% Clutch Cables 1; 11% 31,1 Automative 29,7 0,6; 4% 15.1 9.3 24,4 Gearsh
Slide 35: Financial Highlights: VoP and Adj. EBITDA
FINANCIAL HIGHLIGHTS 1H2023 – 1H2025 VoP Breakdown (€ mn) 1H2023 – 1H2025 Adj. EBITDA Evolution (€ mn) Sales Difference EBITDA IFRS 16 NR Costs Adj. EBITDA Margin 10 20,00% 17,50% 9 18,00% 31,8 30,8 13,90% 8 13,80% 16,00% 26,3 6,8 7 14,00% 6 12,00% 5 4,4 10,00% 4 3,6 8,00% 29,7 31,1 24,4 3 6 6,00% 2
Slide 36: Financial Highlights: Net Income
FINANCIAL HIGHLIGHTS 1H2023 – 1H2025 Net Income Evolution (€ mn) Hyperinflation Effects Profit Margin 6 10,00% 8,42% 4 2,5 5,00% 2 Turkish inflation stood at 35% year-on-year in June 2025. The accounting effects of hyperinflation in Turkey had a negative 0,00% impact of €1.3 million, compared with €
Slide 37: Financial Highlights: OWC Evolution
FINANCIAL HIGHLIGHTS FY2023 – 1H2025 OWC Evolution (€ mn) 23,4 18,9 18,7 19,3 17,6 16,3 Operating Working Capital at June 30, 2025, stood at €19.3 million, decreasing by €4.1 11,6 11,8 million during the half-year compared to year- 10,6 9,2 8,8 end 2024. In particular, inventories decreased 7,3 by €
Slide 38: Fixed Assets and Capex
FIXED ASSETS AND CAPEX FY 2023 – 1H 2025 Fixed Assets Evolution (€ mn) 1H 2025 CapEx Breakdown (€ mn) 1H 2025 D&A Breakdown (€ mn) Tangible 19,2 0,33; 28% Intangible 0,7; 37% 16,8 17,6 1.2 4.9% on 1H25 Sales 2.0 FY 2023 FY 2024 1H 2025 Tangible 1,2; 63% Intangible 0,85; 72% FY 2024 – 1H 2025 Fixed A
Slide 39: Cash Flow
CASH FLOW Net Financial Position Bridge FY23 to HY25 FY 2023 – 1H 2025 NFP Evolution (€ mn) FY 2024 – 1H 2025 NFP Bridge (€ mn) FY 2023 FY 2024 1H 2025 -5,0 -12,1 3,9 -13,9 -1,2 1,0 -1,3 -0,5 -12,1 -13,9 NFP (€ mn) FY24 1H25 YoY (%) Cash & Cash Equivalents 8.07 - 8.65 7.2 % In the first half of 2025
Slide 40: www.cofle.com
WWW.COFLE.COM investor@cofle.it info@cofle.it Headquarters Via del Ghezzo 54 Trezzo sull’Adda (MI) Italy +39 02920020201