Cellularline Spa · MIL:CELL
Cellularline Spa — H1 2025 Earnings Presentation
11 slides from Cellularline Spa's earnings presentation, Sep 11, 2025
Slide 1: H1 2025 Financial Results
H1 2025 Financial Results Reggio Emilia – 11 settembre 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared for preliminary discussions in relation to Cellularline S.p.A. (the “Company”) and its affiliates (together, the “Group”). This document, the information contained herein and any information provided at any presentation in connection herewith (the “Material
Slide 3: Highlights
Highlights Key economic performance indicators for H1 2025 are as follows: Revenues are €70,5M (€72,6M in H1 2024), in an increasingly challenging market context throughout the first half of the year, characterized by international macroeconomic and geopolitical issues Adj. Ebitda is €7,2M or
Slide 4: Key financials (€M)
Key financials (€M) Revenues EBITDA Adj. 100,0 (€M) 8,0 (€M) 90,0 80,0 70,0 60,0 7,0 50,0 40,0 72,6 70,5 7,2 30,0 7,0 20,0 10,0 6,0 H1 2024 H1 2025 H1 2024 H1 2025 Net Result Adj. Net Financial Position (€M) (€M) 40,0 0,97x 1,5 0,74x 20,0 1,3 1,3 22,0 0,5 17,0 - 31.12.2024 30.06.2025 (0,5) H1 2024 H
Slide 5: Focus on Revenues
Focus on Revenues (€M) 100,0 Red line 90,0 80,3% 80,0 Product 0,7 Line Black line (2,3) 0,9 (1,4) 70,0 8,0% 60,0 Blue line 11,7% 50,0 40,0 72,6 70,5 International 30,0 54,4% 20,0 Geo 10,0 Italy 0,0 45,6% H1 2024 Red Line Red Line Black line Blue line H1 2025 Italy Int. Revenues reflected a slight
Slide 6: Focus on EBITDA Adj.
Focus on EBITDA Adj. EBITDA Adj. bridge 8,0 7,0 (0,1) 0,3 6,0 5,0 4,0 7,0 7,2 3,0 (12,1%) 2,0 1,0 0,0 H1 2024 Gross Margin* Op.Ex.* H1 2025 EBITDA Adj. is €7,2M in H1 2025 (10,2% on Revenues) vs. €7,0M in H1 2024 (9,7% on Revenues) Gross margin Adjusted reaches €28,4M or 40,4% on revenues, subst
Slide 7: Focus on Net Result Adj.
Focus on Net Result Adj. 1,6 (€M) (0,0) 1,4 0,2 (0,1) (0,0) 1,2 1,0 0,8 1,3 1,3 0,6 0,4 0,2 0,0 Net result adj. Ebitda Adj. D&A Net Financials Taxes Net result adj. H1 2024 H1 2025 Net Result Adj. is €1,3M, in line with H1 2024 7
Slide 8: Focus on Net Debt
Focus on Net Debt Net Debt bridge 25,0 (€M) (0,0) (0,3) 0,3 1,7 (Lev., (6,8) 20,0 (Lev. Ratio:2,3 x) (Lev. Ratio:2,4x). (Lev. Ratio:2,7x). Ratio:2,4x). 15,0 45,6 (2,5x) 22,0 (,2,3x) 10,0 17,0 5,0 99 - Net debt Financial Liabilities Fair Value Put & Call IFRS 16 Other Cash & Eq. Net debt 31.12.2024 3
Slide 9: Summary & Medium-term overview
Summary & Medium-term overview Until H2 2024, the Group has experienced 14 consecutive quarters of uninterrupted YoY revenues growth* In H1 25 the reference market experienced a slowdown, with a contraction in both volume (-2,3%) and value (-2,5%) in the EMEA smartphone accessories segment, wher
Slide 10: Q&A session
Q&A session 10 cellularline
Slide 11: IR contact
IR contact Marco Cagnetta Board Member and General Manager Sales and Marketing & IR Mauro Borgogno Group Chief Financial Officer e Dirigente Preposto Vincenzo Pacilli IR and M&A Manager ir@cellularlinegroup.com www.cellularlinegroup.com Ph: +39 0522 33 40 02 11