De'longhi S.p.a. · MIL:DLG
De'longhi — Q3 2025 Earnings Presentation
24 slides from De'longhi's earnings presentation, Nov 12, 2025
Slide 1: 9M & Q3 2025 Presentation
9M & Q3 2025 Presentation November 12th 2025
Slide 2: 9M & Q3 2025 Results
9M & Q3 2025 Results This presentation might contain certain forward-looking statements that reflect the company’s current views with respect to future events and financial and operational performance of the company and its subsidiaries. Forward looking statements are based on De' Longhi’s current e
Slide 3: In this presentation: definitions
9M & Q3 2025 Results In this presentation: • “Adjusted” stands for before non recurring items and cost of the share-based incentive plans • “Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives; • “pro-forma” means including the consolidation
Slide 4: 9M 2025 Highlights
9M 2025 HIGHLIGHTS DéLonghi Group
Slide 5: Household division positive growth momentum continuous
9M & Q3 2025 Results YoY % growth reported – Household division CAGR +7% +4% +6% +High-single% Last 2Y 7% 5% 12% 6% 7% 7% 2% (*) Q1 Q2 Q3 Q4 (*) Q4 ‘25 extrapolated 2024 2025 from Group’s guidance Household division positive growth momentum continuous, backed by new product lunches and renewed commi
Slide 6: US mitigation plan
9M & Q3 2025 Results US mitigation plan ca. Tariff impact has been limited in the first 9 months of FY 25 thanks to the Expected net impact mitigation plan in place: on Ebitda Adjusted in Inventory build-up in early 2025 FY 25 of €M ca.15 Unlocking higher flexibility through supply chain reorg
Slide 7: Our commitment to spread coffee culture
OUR COMMITMENT TO SPREAD COFFEE CULTURE DéLonghi Group
Slide 8: Milan Design Week — Venice Film Festival
MILAN DESIGN WEEK — APR’25 VENICE FILM FESTIVAL — SEP’25 az an ee
Slide 9: Global Coffee Campaign
38> GLOBAL COFFEE CAMPAIGN™ |
Slide 10: La Marzocco "Out of the Box"
LA MARZOCCO “OUT OF THE BOX”
Slide 11: Eversys @ Host Milan
EVERSYS @ HOST MILAN
Slide 12: Results
9M & Q3 2025 RESULTS DéLonghi Group
Slide 13: Solid performance sustained by positive momentum for household & professional
Solid performance sustained by Profitability rose by 70bps vs the positive momentum for 9M24 thanks to both household & acceleration of household & professional professional coffee division growth Improving net financial position Solid free cash flow generation notwithstanding ca. €M 252 of in the 1
Slide 14: +29.2% pro-forma
9M & Q3 2025 Results +29.2% pro-forma
Slide 15: Revenue growth by product category
9M & Q3 2025 Results Home Coffee Nutrition Other Professional Coffee Up high single Down low-mid Up low teens Up double digit digit single digit
Slide 16: Revenue growth by region
9M & Q3 2025 Results Europe America APAC MEIA Up high single Up high single Up mid teens Up mid teens digit to low teens digit
Slide 17: Net industrial margin and adjusted EBITDA
9M & Q3 2025 Results In the quarter: the net industrial margin stood at €M 461.6, equal to 52.6% of revenues compared to 51.6% in 2024; adjusted Ebitda amounted to €M 148.8, or 17.0% of revenues, improving by 70 bps vs 2024, thanks to the stronger contribution of the professional division.
Slide 18: Cost drivers: labour, logistics, US duties
9M & Q3 2025 Results Among others: Higher labour and logistic costs US duties
Slide 19: Cost drivers: labour, logistics, duties, media
9M & Q3 2025 Results Among others: Higher labour and logisitc costs US duties Higher media & advertising
Slide 20: Net cash position and cash flow
9M & Q3 2025 Results In September 2025, the Group's Net Cash Position stood at € 308.7 million, an improvement compared to € 266.1 million in September 2024; In the first 9m, cash flow before dividends, buybacks and acquisitions was negative for €82.2 million, mainly due to the effect of the cas
Slide 21: Net cash flow (9 months)
NET CASH FLOW (9 MONTHS) 389 643 (350) (71) NFP @ 31Dec24 Cash flow Cash flow Capex from current operations from NWG (50) Other (82) FCF before dividends, buyback and M&A (252) Dividends, buyback & M&A DéLonghi Group 309 NFP @ 30Sep25
Slide 22: Net cash flow (12 months)
DéLonghi Group NET CASH FLOW (12 MONTHS) 607.950 (188.936) 298 (114.178) (6.541) 308.663 266.053 (255.685) NFP @ 30Sep24 Cash flow Cash flow Capex Other FCF before dividends, Dividends, buyback NFP @ 30Sep25 from current operations from NWC buyback and M&A & M&A
Slide 23: Growth drivers and headwinds
Volume expansion coupled with a better mix Household business growth, capitalizing on positive market developments and Perimeter expansion with two additional driving categories expansion through months of La Marzocco consolidation product innovation and A&P investments Continuous investment
Slide 24: Contacts
Contacts: Investor Relations: Samuele Chiodetto, Sara Mazzocato T: +39 0422 4131 e-mail: investor.relations@delonghigroup.com Media relations: T: +39 0422 4131 e-mail: media.relations@delonghigroup.com On the web: www.delonghigroup.com