Econocom Group Se Class D · EURONEXT:ECONB
Econocom Group Se Class D — H1 2026 Earnings Presentation
24 slides from Econocom Group Se Class D's earnings presentation, Jul 24, 2026
Slide 1: Analysts Presentation
Analysts Presentation July 24 th 2026
Slide 2: Welcome
Welcome
Slide 3: Agenda
01 Strategic update 02 H1 2026 performance AGENDA 03 Outlook 04 Q&A
Slide 4: Strategic Update
Strategic Update Quentin Bouchard Israel Garcia Managing Director Managing Director BDS Services, P&S France & & Country Manager UK Global Group Tech
Slide 5: Disciplined ongoing transformation in a challenging market
Disciplined ongoing transformation in a challenging market Group Challenging first Positive portfolio transformation semester effect Sharper positioning Lower activity in TMF Leaner organization -3,7% Strong momentum in Debt management total growth P&S Econocom – H1 2026 results 5
Slide 6: Re-shaping the Group for increased operational leverage
Re -shaping the Group for increased operational leverage Group transformation Costs reduction Debt management Pivot the organization Reduce costs through Working capital the cycle Product positioning and improvement higher -value solutions Specific focus on Cash culture underperforming units IT as c
Slide 7: Facing market headwinds
Facing market headwinds Geopolitical Overall tightened spendings for all customers uncertainties Wait and adapt approach Key component supply IT industry’s attention focused on AI under pressure Shortage and supply arbitrage Resilient business model Coordinated response Portfolio effect Procurement
Slide 8: Pivoting the organization around strategic verticals to build unique end-to-end solutions
Pivoting the organization around strategic verticals to build unique end -to -end solutions Audiovisual Financing Infra & Workplace Solutions Solutions network Design Distribution Financing Managed Services Refurb. Full asset lifecycle, #1 audiovisual Pioneer in financing from acquisition to integra
Slide 9: Acquisition of Bagnetti in Italy
Acquisition of Bagnetti in Italy Pursuit of targeted M&A program Tactical M&A operation in Italy ✓ Leading position in Latium, with a balanced product mix Workplace / Infra ✓ Deepen commercial footprint among public institutions Authorized Reseller of leading OEMs and Services provider ✓ Acquisition
Slide 10: Integrating Bagnetti within Econocom
Integrating Bagnetti within Econocom
Slide 11: H1 2026 results
H1 2026 results Philippe Renauld Managing Director Finance and M&A
Slide 12: H1 2026 results: focus on fundamentals
H1 2026 results: focus on fundamentals Revenue Operating margin Slowdown vs last €1 453m € 41m year €1 399m at -3.7 % , driven -3.7% strong H1 2025 in TMF € 31m -5.3% organically Profitability rate eroded down to 2.2 % by difficult market and stiff competitive landscape pressuring margins (1) (1) H1
Slide 13: Technology Management & Financing
Technology Management & Financing Challenging market vs strong H1 2025 Revenue Operating margin Revenue decrease at –24.5% , driven by lower activity and significant € 616m € 26m growth and non -IT deals last year € 465m –24.4% organically -24.5% Restated for ownbooked deals, € 13m revenue decrease
Slide 14: Products & Solutions
Products & Solutions Growth boosted by anticipated chip shortage Revenue Operating margin Strong growth at +15.8% , thanks to € 666m market momentum +15.8% across Europe and boosted by last year € 575m € 10m acquisitions +10.9% organic growth € 6m Profitability rate increase at 1.5% thanks to operat
Slide 15: Services
Services Margin erosions Revenue Operating margin Stable revenue € 262m € 269m at +2.4% growth challenged by soft +2.4% commercial € 10m performance € 8m Profitability rate decrease at 2.9 % link to clients re -focus on minimum contracts postponing higher margins projects (1) (1) H1 2025 H1 2026 H1
Slide 16: H1 2026 simplified income statement
H1 2026 simplified income statement (in €m) H1 2025 (1) H1 2026 Revenue 1,453.2 1,399.3 Challenging market and difficult macro environment yet benefitting from portfolio effect Operating margin impacted by lower business activity, Operating margin 41.0 30.9 notably in TMF, and higher competitive pre
Slide 17: Net Financial Debt under control (1/2)
Net Financial Debt (1) under control (1/2) 0 Free Cash Flow = €63m -50 139 38 -14 -100 -31 -21 -28 -150 -20 -43 -200 -208 -24 -16 -2 -229 -250 Free Cash Flow = €52m N -1 -180 137 -16 -24 9 -22 -17 -15 -21 -16 -27 -16 -208 (1) Net Financial Debt for continued activities excluding impact of IFRS 16 on
Slide 18: Net Financial Debt under control (2/2)
Net Financial Debt (1) under control (2/2) 384 -37 -36 2 -215 • Off balance sheet factoring & reverse -229 factoring of €234m as of 30 June 2026 (vs €213m as of June 2025) Cash at Short term Bonds Other NFD 30.06.2025 debt corporate 30.06.2026 financing 360 ( 25) (368) (175) (208) Numbers as of 30.0
Slide 19: Extending debt maturities thanks to €240m Schuldschein issuance
Extending debt maturities thanks to €240m Schuldschein issuance ✓ Successful execution in June 2026 demonstrating investor confidence in Econocom business model and financial discipline ✓ Refinancing of the whole 2027 tranche and 70% of the 2028 tranche, extending the repayment profile towards 2029
Slide 20: ESG achievements
ESG achievements Accelerates on circular and EcoVadis platinum medal inclusive model Confirms Econocom’s position as Acquisition of disability -inclusive a leader in responsible digital enterprise Back IT in France transformation (February 2026) Econocom Group Creating lasting social value by 88/100
Slide 21: Outlook
Outlook Angel Benguigui Chief Executive Officer
Slide 22: H1 2026 takeaway
H1 2026 takeaway Disciplined execution of the One Econocom plan Resilience in Pivoting the organization challenging market towards higher -value offers Positive portfolio effect and costs reductions Confirmed 2026 guidance Econocom – H1 2026 results 22
Slide 23: Q&A
Q&A
Slide 24: Contact
Contact Investor and Financial Media Shareholder Relations Communication Relations thomas.bangratz @econocom.com financial.communication groupeeconocom@havas.com @econocom.com Econocom – Résultats annuels 2022