Colt Cz Group Se · PSECZ:COLT
Colt Cz — Q1 2026 Earnings Presentation
31 slides from Colt Cz's earnings presentation, 2026
Slide 1: Colt CZ Group SE Financial Results Q1 2026
COLT CZ GROUP SE FINANCIAL RESULTS Q1 2026 INVESTOR PRESENTATION
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING This presentation (the “ Presentation”) has been prepared by Colt CZ Group SE, with its registered office at náměstí Republiky 2090/3a, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the Commercia
Slide 3: Presenters
PRESENTERS RADEK JANA MUSIL MATOUŠKOVÁ Q&A Vice-chairman of the Chief Financial Officer Board of Directors Colt CZ Group SE CEO of Colt CZ Group SE VLADIMÍR JAN DANIEL RADA ZAJÍC TAMCHYNA Member of the Board Member of the Board Member of the Board of Directors of Directors of Directors of Synthesia
Slide 4: Main Drivers of Record Q1 2026 Performance
MAIN DRIVERS OF RECORD Q1 2026 PERFORMANCE Best first quarter in history, net adjusted profit increased 73.9%, growth across all financial metrics driven by acquisition of NCL complemented by organic growth in the Firearms segment as well New segment ENERGETICS reported since 2026, delivered outstan
Slide 5: Euronext Amsterdam Dual Listing
EURONEXT AMSTERDAM DUAL LISTING Colt CZ Group Trading of Colt CZ executed IPO on ► Shares are fully shares on Euronext Prague Stock fungible between Amsterdam Exchange both exchanges ► Colt CZ remains listed June 1, 2020 April 10, 2026 April 15, 2026 on the Prague Stock Exchange General Meeting ► Du
Slide 6: Key Financial Indicators Q1 2026
KEY FINANCIAL INDICATORS Q1 2026 Revenues Adjusted EBITDA CZK 7,317 mio CZK 2,086 mio 32.7% vs Q1 2025 +72.1% vs Q1 2025 9% vs pro-forma Q1 2025 17% vs pro-forma Q1 2025 Adjusted Net Profit Adjusted EPS CZK 951 mio CZK 11.6 73.9% vs Q1 2025 19.5% vs Q1 2025 Adjusted EPS calculated from adjusted net
Slide 7: Adj Net Profit & Adj EPS Impacted by PPA Amortisation
ADJ NET PROFIT & ADJ EPS IMPACTED BY PPA AMORTISATION ADJ NET PROFIT ADJ EPS in mio CZK 422 1,523 In CZK 21.5 150 951 11.6 1,242 670 281 281 Adj Net profit S&B PPA NCL PPA Adj Net profit Adj EPS Adj EPS amortisation amortisation w/o PPA w/o PPA amortisation amortisation Profit for the period attribu
Slide 8: Strategic Revenue Diversification
STRATEGIC REVENUE DIVERSIFICATION Geographic split Customer segments USA COM Q1 2025 44% Q1 2025 55% Q1 2026 23% Q1 2026 47% Europe (incl. Czech Republic and Ukraine) MLE Q1 2025 33% Q1 2025 45% Q1 2026 58% Q1 2026 53% Europe main market for Energetics and Ammunition segment Firearms in US COM marke
Slide 9: Main Brands & Companies
MAIN BRANDS & COMPANIES Firearms Ammunition Energetics 9
Slide 10: Firearms Segment Q1 2026
FIREARMS SEGMENT Q1 2026 Geographic split mio CZK vs Q1 2025 Revenues 3,481 23% USA Europe Other ADJ EBITDA 509 31% 69% EBITDA MARGIN 14.6% 38% 33% 29% 17% 14% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Customer segment mio CZK vs Q1 2025 Adj EBITDA MLE COM 650 67% incl. FX hedging Adj EBITDA m
Slide 11: Ammunition Segment Q1 2026
AMMUNITION SEGMENT Q1 2026 Geographic split mio CZK vs Q1 2025 Revenues 2,307 14% USA Europe Other ADJ EBITDA 774 6% 70% 83% EBITDA MARGIN 33.6% 17% 13% 8% 9% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Customer segment mio CZK vs Q1 2025 Adj EBITDA MLE COM 784 5% incl. FX hedging Adj EBITDA mar
Slide 12: Energetics Segment Q1 2026
ENERGETICS SEGMENT Q1 2026 Geographic split mio CZK vs Q1 2025 Revenues 1,529 25% USA Europe Other ADJ EBITDA 803 41% 76% 79% EBITDA MARGIN 52.5% 14% 15% 6% 10% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Product segment mio CZK vs Q1 2025 Adj EBITDA Energetic Power Other 812 42% Nitrocellulose
Slide 13: Indebtedness and Strategic Deleveraging
INDEBTEDNESS AND STRATEGIC DELEVERAGING Strong cash flow allows flexibility for business and quick acquisition absorption Net debt (CZK mio) Net Leverage Ratio 2.26 2.2 2.80 1.20 16,326 1.80 11,975 7,465 8,545 3,670 2,685 FY 2022 FY 2023 FY 2024 FY 2025 Q1 2026 Acquisition of NCL paid in January 202
Slide 14: Capital Expenditures: Substantial Investment Growth in 2026
CAPITAL EXPENDITURES: SUBSTANTIAL INVESTMENT GROWTH IN 2026 CZK 1,800 – 2,000 mio CZK 1,035 mio 45% CZK 598 mio 30% 46% CZK 270 mio Maintenance CAPEX 30% 55% 70% Growth CAPEX 54% 70% Q1 2025 Q1 2026 FY 2025 FY 2026E 14
Slide 15: Guidance 2026: Financial Metrics Summary
GUIDANCE 2026: FINANCIAL METRICS SUMMARY GUIDANCE 2026 confirmed Growth driven by the new Energetics segment, new government (MLE) contracts Revenues CZK 30 - 33bn Adjusted EBITDA CZK 7.4 – 8.2bn 2026 management KPI targets for EBITDA exceeding the upper end of guidance Net interest cost
Slide 16: Strong Delivery Pipeline with MLE Backlog Exceeding USD 2.4bn
STRONG DELIVERY PIPELINE WITH MLE BACKLOG EXCEEDING USD 2.4bn Framework contract with German Army Canadian Defence Investment Agency - NATO-type small arms ammunition: (Bundeswehr) - P13 handguns based replacement for the current C7/C8 on P-10 pistol assault rifle fleet for CAD 273mn, delivery Czech
Slide 17: Market Advantage: Intersection of Firearms, Ammunition, and Energetics
MARKET ADVANTAGE, OPERATING AT THE INTERSECTION OF FIREARMS, AMMUNITION, AND ENERGETICS SEGMENTS Firearms Ammunition Energetics Colt CZ is one of very few players offering full consolidated portfolio across firearms & ammunition as well as high-barrier energetics markets 17
Slide 18: Appendix
APPENDIX COLT CZGROUP Wy,
Slide 19: Guidance 2026
GUIDANCE 2026 Full integration of the new Energetics segment constitutes a major step in profitability Adjusted EBITDA in CZK mio Revenues in CZK mio and EBITDA margin 30,000 – 7,400 – 33,000 28,300 7,100 8,200 23,399 4,661 25% 25% 20% FY 2025 FY 2025 FY 2026 FY 2025 FY 2025 FY 2026 Colt CZ Pro-form
Slide 20: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION In CZK ‘000 Q1 2026 Q1 2025 Operating profit 882 722 819 468 Depreciation and amortization 849 935 385 362 EBITDA 1 732 657 1 204 830 ESOP related costs - 16 123 M&A costs 2 716 3 339 NCL inventory step up 282 879 - S&B commodity hedging 67 585 (12 627) Adjusted EBITDA
Slide 21: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION In CZK ‘000 Q1 2026 Q1 2025 Earnings before tax 917 148 691 402 Tax expenses (199 205) (167 493) Net income 717 943 523 909 ESOP related costs - 16 123 M&A costs 2 716 3 339 NCL inventory step up 282 879 - Bank fee – acquisition loan S&B 5 638 6 482 One-off expense
Slide 22: Net Interest Costs Guidance
NET INTEREST COSTS GUIDANCE In CZK ‘000 000 G 2026 Interest expenses 1,225 Hedging impact (116) Deposit revenues (167) Net interest costs 942 Effective interest rate 4.22% ASSUMPTIONS Stable FX rate EUR/CZK Including NCL No extraordinary debt repayment Stable market interest rates No additional debt
Slide 23: Pro-forma PL Q1 2025 w/o PPA Amortisation from NCL
PRO-FORMA PL Q1 2025 W/O PPA AMORTISATION FROM NCL in mio CZK Colt CZ Group NCL+POWER Pro-forma PL Revenues 5 512 1 221 6 733 EBITDA 1 205 571 1 776 Depreciation before PPA (384) (150) (534) Financial result1 (130) (21) (151) EBT 691 400 1 091 Net profit after tax 524 315 839 Net profit attributable
Slide 24: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘000 CZK 31 Mar 2026 31 Mar 2025 Revenues from the sale of own products, goods and services 7 317 429 5 512 221 Other operating income 90 069 36 167 Change in inventories developed internally 281 068 445 844 Own work capitalized 58 550 73 263 Raw materials a
Slide 25: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 In CZK ‘000 31 Mar 2026 31 Dec 2025 ASSETS Non-current assets Intangible assets 21 327 391 9 463 485 Goodwill 12 644 620 9 039 588 Property, plant and equipment 14 994 036 9 896 386 Equity-accounted securities and investments 47 023 45 006 Financial derivatives 310 307
Slide 26: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In CZK ‘000 31 Mar 2026 31 Dec 2025 EQUITY AND LIABILITIES Capital and reserves Share capital 6 264 5 646 Treasury shares (242 709) (189 767) Share premium 17 997 808 13 477 795 Capital funds 1 641 512 1 641 512 Fund from options to purchase non-controlling interests (
Slide 27: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT In ‘000 CZK 31 Mar 2026 31 Mar 2025 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 917 148 691 402 Depreciation/amortization of non-current assets 849 935 385 362 Change in allowances and provisions 11 872 16
Slide 28: D&A Impact of S&B and NCL Acquisition
D&A IMPACT OF S&B AND NCL ACQUISITION D&A IMPACT In CZK m 1,981 1,689 1,676 1,549 1,114 606 601 601 340 340 340 940 - - - - - 2025 2026e 2027e 2028e 2029e 2030e D&A D&A PPA S&B D&A PPA S&B COMMENTS In 2026 open acquisition accounting of NCL Acquisition of Power – carve out in Q2 2026 28
Slide 29: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 100% Colt CZ Group SE 291 51 961, Czech Republic 51% 51% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Synthesia Synthesia Representative Office Colt CZ Defence Česká Colt CZ Insurance Colt CZ Group swissAA CZG VIB Colt CZ Group Sellier & Bellot EHC-4M, Nitrocellulose, a.
Slide 30: Ownership Structure
OWNERSHIP STRUCTURE Colt CZ top shareholding (%) Free float Česká zbrojovka Shareholder information Partners SE Česká zbrojovka Partners SE 24.4% Main shareholder Mr. René Holeček, acquired key minority stake in 2001 before becoming a majority shareholder in 2014 C.B.C Europe S.A.R.L 46.7% As part o
Slide 31: Thank You
THANK YOU Colt CZ Group SE náměstí Republiky 2090/3a 110 00 Prague 1, Czech Republic www.coltczgroup.com info@coltczgroup.com