Do & Co Aktiengesellschaft · VIE:DOC
Do & Co Aktiengesellschaft — Q1 2026/2027 Earnings Presentation
38 slides from Do & Co Aktiengesellschaft's earnings presentation, Aug 12, 2026
Slide 1: Investor Presentation First Quarter 2026/2027
INVESTOR PRESENTATION First Quarter 2026/2027 1
Slide 2: Highlights
Highlights
Slide 3: Highlights at a glance
1 Highlights 1st Quarter 2026/2027 vs. Q1 2025/2026 Highlights at a glance Revenue € 642.1m +5% growth at constant currency + 10 % EBITDA € 78.3m +7% EBIT € 56.5m +8% Net Result € 31.2m + 16 % 2026/27 2025/26 Change Group Q1 Q1 vs. PY EBITDA margin 12.2% 12.0% + 0.2 pp EBIT margin 8.8% 8.6% + 0.2 pp
Slide 4: Highlights in numbers
1 Highlights 1st Quarter 2026/2027 vs. Q1 2025/2026 Highlights in numbers SALES EBITDA EBIT 483.6 m€ 57.4 m€ 39.9 m€ Airline Catering +4 % +5 % +4 % 111.5 m€ 14.1 m€ 11.8 m€ Int. Event Catering +11 % +17 % +20 % 47.0 m€ 6.7 m€ 4.8 m€ Restaurants, Lounges & Hotels +7 % +4 % +8 % 4
Slide 5: Highlights at a glance
1 Highlights 1st Quarter 2026/2027 Highlights best ever 1st quarter in the company history : sales and profits at a glance € 642.1m in sales | 8.8 % EBIT margin | 4.9 % Net result margin FREE CASHFLOW : € 46.9m - vs. € 23.0m (+ 104.3 %) in Q1 25/26 NET DEBT / EBITDA ratio : minus 0.07 - vs. plus 0.5
Slide 6: 3 Main Pillars of Our DNA
HIGHLIGHTS 3 MAIN PILLARS OF OUR DNA Back to the roots this is what we stand for: highest customer satisfaction through Passion for Sustainable Motivated INNOVATION QUALITY PEOPLE 6
Slide 7: It's All About Innovation & Guest Experience
HIGHLIGHTS IT‘S ALL ABOUT INNOVATION & GUEST EXPERIENCE Food innovation is part of our DNA. With a passion for innovation and an uncompromising commitment to quality, we develop concepts that inspire and delight. ONGOING INNOVATION assuring COMPETITIVE ADVANTAGE. 7
Slide 8: Sustainable Quality
HIGHLIGHTS SUSTAINABLE QUALITY Exceptional quality starts with exceptional ingredients, clear procedures and transparent internal processes. We carefully select only the freshest, finest quality ingredients, ensuring every dish is prepared without additives or preservatives. Working closely with our
Slide 9: Our People & Our Unique Company Culture
HIGHLIGHTS OUR PEOPLE & OUR UNIQUE COMPANY CULTURE Our people make the difference. As a global network of experts, we work together with trust, efficiency and a shared commitment to excellence every single day. Our people are at the heart of DO & CO - their passion, teamwork and dedication make extr
Slide 10: Creating the most memorable hospitality moments
OUR APPROACH : Creating the most memorable LOCAL & INTERNATIONAL hospitality moments CUISINE Our multi-dimensional approach means we continuously set new benchmarks in service, ambience and culinary excellence, creating unforgettable experiences for DECORATION & PERSONALIZED ENVIRONMENT SERVICE our
Slide 11: Airline Catering
Airline Catering
Slide 12: Airline Catering: Our mission
2 Airline Catering 1st Quarter 2026/2027 vs. Q1 2025/2026 Our mission the best restaurant experience over 39,000 feet Revenue EBITDA EBIT € 483.6m € 57.4m € 39.9m +4% +5% +4% + 10 % cc* • DO & CO continues to benefit from premiumization trend • Working on efficiency improvements in all areas • Ameri
Slide 13: TÜRKIYE - Turkish Airlines
2 Airline Catering Status quo & Outlook TÜRKIYE - Turkish Airlines BEST HOSPITALITY EXPERIENCE ─ in all cabins and lounges ─ creating jointly benchmarks for the industry ─ 5-times winner of APEX “Best Food & Beverage in Europe Award“ (2026) ONGOING PRODUCT INNOVATION HIGH VOLUMES EVERY SINGLE DAY ─
Slide 14: British Airways LHR, Iberia MAD
2 Airline Catering Status quo British Airways LHR Iberia MAD • close partnership with both airlines belonging to IAG Group • reliable operational performance in both hubs : London Heathrow and Madrid Barajas • FRESH DO & CO MENUS ─ in all cabins ─ very positive customer feedback • IBERIA ─ award-win
Slide 15: United States: Delta, JetBlue, American Airlines
2 Airline Catering Status quo United States Continuously growing portfolio of American carriers Delta Air Lines as one of the world`s biggest fleets a strategic partner of DO & CO in • Detroit and Boston • Miami (small volume) • Seoul | Korea • New York | JFK : one of Delta’s biggest hubs with ⁓200
Slide 16: New Contracts – Around the World
2 Airline Catering Status quo NEW CONTRACTS – AROUND THE WORLD Air Canada ex LAX Air India ex LHR, LGW American Airlines ex LHR EgyptAir ex ORD EgyptAir ex LAX Emirates ex BOS JetBlue ex MXP Royal Air Maroc ex LAX Thai Airways ex MXP IndiGo ex IST 16
Slide 17: International Event Catering
International Event Catering
Slide 18: International Event Catering: Our mission
3 International Event Catering 1st Quarter 2026/2027 vs. Q1 2025/2026 Our mission the world’s leading premium hospitality and Revenue EBITDA EBIT gourmet entertainment experience € 111.5m € 14.1m € 11.8m + 11 % + 17 % + 20 % + 11 % cc* • innovative concepts • Formula 1 : • best quality all races del
Slide 19: FIFA World Cup 2026
3 International Event Catering Status Quo FIFA World Cup 2026 11 June - 19 July 2026 • DO & CO delivered hospitality operations across 20 matches in the key stadiums of - Mexico City (incl. opening) - Miami - New York (incl. final) • more than 75,000 VIP guests • awarded at extremely short notice •
Slide 20: Formula 1 – DO & CO's 35th Season
3 International Event Catering Status quo & Outlook Formula 1 DO & CO’s 35th Season • exciting season start with races in Miami, Canada, Monaco, Spain and Austria • strong demand in all locations continues • GP Malaysia in October added to race calendar • high customer satisfaction feedback • state-
Slide 21: Allianz Arena
3 International Event Catering Status quo Allianz Arena DO & CO is responsible for culinary delights at FC Bayern Munich’s home base • 35th time FC Bayern Munich has been crowned Bundesliga champion • long term partnership with FC Bayern Munich – VIP hospitality and public catering at Allianz Arena
Slide 22: Olympic Park and SAP Garden Munich
3 International Event Catering Status quo Olympic Park big open-air and indoor events • SPORTFREUNDE STILLER • ERIC CLAPTON • DJ BOBO • ZUCCHERO SAP Garden Munich multifunctional set-up • sold-out basketball and ice hockey games • Harlem Globetrotters 100 Years World Tour • numerous VIP events at fu
Slide 23: The most prestigious events in the world
3 International Event Catering Status quo The most prestigious events in the world - powered by DO & CO • Champions League Final, Budapest ─ over 8,500 VIP guests • ATP Tennis Masters 1000, Madrid ─ one of the most premium tennis events in the world ─ 43,700 guests in 12 days ─ excellent customer fe
Slide 24: Restaurants, Lounges & Hotels
Restaurants, Lounges & Hotels
Slide 25: Restaurants, Lounges & Hotels: Our mission
4 Restaurants, Lounges & Hotels 1st Quarter 2026/2027 vs. Q1 2025/2026 Our mission Innovative, Revenue EBITDA EBIT best quality and € 47.0m € 6.7m € 4.8m personalized +7% +4% +8% customer experience + 11 % cc* • Good sales and strong margin improvements • Very pleasing start of the year in the divis
Slide 26: DEMEL K. u. K. Hofzuckerbäcker since 1786
4 Restaurants, Lounges & Hotels Status quo DEMEL K. u. K. Hofzuckerbäcker since 1786 • iconic and highly attractive brand with continued strong customer appeal • ground floor shop and to-go products only • two floors Viennese coffee house high turnover from both local and international visitors • DE
Slide 27: DO & CO Restaurants
4 Restaurants, Lounges & Hotels Status quo & Outlook DO & CO Restaurants Vienna • Stephansplatz refurbishment for Flagship ongoing • ONYX contemporary Asian cuisine – currently being refurbished • Albertina facelift of the terrace complete DO & CO Restaurants Munich • Bistro Mediterranean cuisine •
Slide 28: DO & CO Hotels Vienna and Munich
4 Restaurants, Lounges & Hotels Status quo & Outlook DO & CO Hotels Vienna and Munich DO & CO STEPHANSPLATZ : • flagship of the group • one of the most scenic locations in the city • basis for the group’s R & D and innovation activities • refurbishment ongoing, planned reopening : October 2026 DO &
Slide 29: Airport Gastronomy and Airport Lounges
4 Restaurants, Lounges & Hotels Status quo & Outlook Airport Gastronomy and Airport Lounges Airport Gastronomy Vienna • increase in air traffic shows positive effect on passenger numbers and sales • further airport gastronomy in evaluation Lounges • SKYTRAX award-wining Turkish Airlines lounge in Is
Slide 30: Financials
Financials
Slide 31: Income statement 1st Quarter 2026/2027
5 Financials Income statement 1st Quarter 2026/2027 Q1 26/27 Q1 25/26 Change in % • constant-currency-reporting Revenue m€ 642.1 611.7 5.0% demonstrates organic growth, growth at constant currency % 10.2% excluding FX-effects EBITDA m€ 78.3 73.2 6.9% Depreciation and impairment m€ -21.8 -20.7 -4.9%
Slide 32: Income statement 1st Quarter 2026/2027
5 Financials Income statement 1st Quarter 2026/2027 Group Q1 26/27 Q1 25/26 Q2 25/26 Q3 25/26 Q4 25/26 TOP-LINE : Revenue m€ 642.1 611.7 625.1 630.3 594.5 • Revenue in Q1 2026/27 : growth at reported currency % 5.0% 10.9% 7.8% -2.0% 13.4% growth at constant currency % 10.2% 21.7% 17.8% 15.9% 15.3% +
Slide 33: Divisions 1st Quarter 2026/2027
5 Financials Divisions 1st Quarter 2026/2027 Q1 26/27 Q1 25/26 Change PY Change PY Airline Catering in % Revenue m€ 483.6 467.2 16.4 3.5% Airline Catering growth at reported currency % 3.5% 11.3% growth at constant currency % 10.0% 24.5% • EBIT-margin-development : EBITDA m€ 57.4 54.7 2.7 4.9% 8.3 %
Slide 34: Balance sheet 1st Quarter 2026/2027
5 Financials Balance sheet 1st Quarter 2026/2027 30/06/2026 31/03/2026 Change Change Assets in m€ in % overall continued extension of the Intangible assets 23.1 23.3 -0.3 -1.2% balance sheet in Q1 2026/2027 driven Property, plant and equipment 528.9 529.9 -1.0 -0.2% by : Investment property 2.6 2.5
Slide 35: Balance sheet 1st Quarter 2026/2027
5 Financials Balance sheet 1st Quarter 2026/2027 30/06/2026 31/03/2026 Change Change Shareholders' equity and liabilities in m€ • rise of equity ratio to 42.9 % thanks in % to increase in retained earnings and Shareholders' equity 616.3 570.5 45.8 14.0% Equity ratio in % 42.9% 42.7% 0.2 pp non-contr
Slide 36: Cash flow 1st Quarter 2026/2027
5 Financials Cash flow 1st Quarter 2026/2027 Q1 26/27 Q1 25/26 Change Change in m€ in % Gross cash flow 78.3 72.7 5.6 7.7% • increase in cash inflow from operating Changes in working capital -15.7 -26.1 10.4 40.0% activities by € 18.1m compared to Income tax payments -12.0 -14.0 2.1 14.7% Cash flow
Slide 37: Net Debt to EBITDA Covenant Testing
5 Financials Net Debt to EBITDA Covenant Testing 9.00 8.00 • based on rolling four-quarter EBITDA, DO & CO is effectively in a 7.00 NET-DEBT-FREE POSITION 6.00 5.5 5.5 5.5 5.5 5.5 5.5 5.00 • this represents a structural shift in our 4.00 leverage profile — not a temporary 3.00 fluctuation 2.00 3.31
Slide 38: Thank you for your attention!
Thank you for your attention! DO & CO Aktiengesellschaft Vienna, 12 August 2026
DO & CO Aktiengesellschaft — Q1 2026/2027 Earnings Presentation on 6ix