De'longhi S.p.a. · MIL:DLG
De'longhi — Q4 2025 Earnings Presentation
20 slides from De'longhi's earnings presentation, Mar 13, 2026
Slide 1: FY & Q4 2025 Presentation
FY & Q4 2025 Presentation March 13th 2026
Slide 2: FY & Q4 2025 Results
FY & Q4 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: Definitions used in this presentation
FY & Q4 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: US mitigation plan
FY & Q4 2025 Results ca. US mitigation plan Through proactive measures, we Strategic inventory build-up in early 2025 limited the net impact in 2025 to Unlocking greater flexibility through supply chain reorganization M€10-€15 Implementation of price increases effective from H2 2025 Total US s
Slide 5: Outlook and expected growth for FY26
Expected growth at Expected adj Ebitda Average FCF (before high single digit: margin FY26 DVD; BB; M&A) expected >La Marzocco consolidation; ranges from to be in a range of >Mid-single digit growth 15.7% - 16.7% €280-320 M per year Revenue CAGR'24-'25 of adj Ebitda Cumulated ‘24 - ’25 FCF 11%, refle
Slide 6: Key product launches: Home Coffee
DéLonghi Group KEY PRODUCT LAUNCHES OVER PAST 12 MONTHS: HOME COFFEE Prima Donna La Specialista Touch Dedica Duo Eletta Ultra Aromatic
Slide 7: Key product launches: Nutrition & Other Categories
DéLonghi Group KEY PRODUCT LAUNCHES OVER PAST 12 MONTHS: NUTRITION & OTHER CATEGORIES KENWOOD nutribullet. BRAun an oa | Cooking Chef TwinCook 3 and 5 Airfryer Flex Portable blender QuickStyle 3
Slide 8: Key product launches: Professional Coffee
DéLonghi Group KEY PRODUCT LAUNCHES OVER PAST 12 MONTHS: PROFESSIONAL COFFEE <> lamarzocco§8=—- (=|verRsys Modbar Tea and Collaborations — Legacy + Pour-Over La Marzocco x
Slide 9: Results
FY & Q4 2025 RESULTS DéLonghi Group
Slide 10: Solid performance, sustained by organic growth in household and professional acceleration
YoY at constant fx Solid performance, sustained by +40bps margin expansion, 6.5% organic growth in driven by professional division household and a 30%+ pro-forma expansion and almost stable acceleration in professional household margins (ex-tariffs) Further balance sheet Solid FCF generation support
Slide 11: Revenue +32.0% pro-forma at constant fx
FY & Q4 2025 Results +32.0% pro-forma at constant fx
Slide 12: Revenue by product category
FY & Q4 2025 Results Home Coffee Nutrition Other Professional Coffee Including accessories Up high single Down mid-single Up low teens Up double digit digit digit Reported figures
Slide 13: Revenue by region
FY & Q4 2025 Results Europe America APAC MEIA Reported Up high-single Up mid-single Up high-single Up high-single figures digit digit digit to low teens digit to low-teens Constant Up high-single Up high-single Up high-teens Up mid- teens FX digit digit
Slide 14: Adjusted EBITDA in the quarter
FY & Q4 2025 Results In the quarter: Adjusted EBITDA was €625 million, representing 16.4% of revenues, an improvement of 40 bps over last year. This was supported by a higher contribution from the professional division, while the household division margin remained nearly in line with the prior yea
Slide 15: Cost drivers
FY & Q4 2025 Results Among others: Higher labour and logistic costs US duties
Slide 16: Cost drivers
FY & Q4 2025 Results Among others: Higher labour and logistic costs US duties Higher media & advertising
Slide 17: Net cash position and free cash flow
FY & Q4 2025 Results In December 2025, the Group's Net Cash Position stood at € 770 million, an improvement compared to € 643 million in 2024; Free Cash Flow (before dividends, buybacks, and acquisitions) was positive at €384 million, with Capex at approximately €101 million and a working capita
Slide 18: Net cash flow (FY 2025)
FY & Q4 2025 Results NET CASH FLOW (FY 2025) 629 (85) (101) 643 NFP @ 31Dec24 Cash flow Cash flow Capex from current operations from NWC DéLonghi Group a sea (59) 770 (287) Other FCF before dividends, Dividends, buyback NFP @ 31Dec25 buyback and M&A & M&A
Slide 19: Household business growth and professional coffee expansion
Household business growth, capitalizing Volume expansion coupled with a better mix on positive coffee market developments and expanding categories through product Continued investment in A&P to support innovation and strategic A&P investments growth, while optimizing cost incidence on revenues
Slide 20: 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