Slide 1: Estimated Operational Results
Estimated Operational Results March 27, 2026
Slide 2: Forward-looking statements
2 Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted, or This presentation implied by such forward-looking
Slide 3: Estimated financial data for year ended December 31, 2025
3 The financial data for the year ended December 31, 2025, in this presentation are estimated financial data. These estimated financial data have been prepared according to an accounting and consolidation process similar to that usually used for the preparation of consolidated financial statements.
Slide 4: Highlights
Alley Highlights
Slide 5: Fully delivered on expectations
5 All targets met at budgeted forex rate After a dynamic start for Broadband, market normalized in Q4 on challenging comparables Q4 deliveries negatively impacted by some supply constraints Demand for Video products continues to decline in most markets Fully delivered Strong EBITDA improve
Slide 6: Continued innovation and eco/sustainability
6 After a good start, demand slowed in Q4, partly due to component scarcity Demand supported by CONTINUED INNOVATION innovation in Wi-Fi 7: broadband: Wi-Fi 7 and Multiple gateways: DOCSIS, Fiber and 5G-FWA awards FWA 5G were the main Multiple field trials successfully completed growth drivers
Slide 7: Revenues, Adjusted EBITDA and FCF
7 2024 RESTATED FOR SMARTSPACE DISCONTINUATION REVENUES (in € million) Adjusted EBITDA (in € million) FCF (after financial and tax) (3.1)% @ constant rate (7.0)% › EBITDA margin up 2.5 pts over 2024 @ current rate 39.0% @ constant rate 33.4% @ current rate › Strong positive impact from OPEX 8.3% of
Slide 8: Guidance fully achieved for the fourth year in a row
8 Guidance In € million FY 2025 2025e 2025a 2025 @ budget forex › Guidance fully rate1 achieved for the 1 Adj. Continuing EBITDA >150m 145 155 fourth year in row Continuing FCF >0m 62 71 Free cash flow defined as: Adj. EBITDA – (net capex + restructuring cash 1 Budget forex rate : €/$ : 1,05 expense
Slide 9: Free Cash Flow >€0m
9 The group is targeting a positive cash flow, supported by encouraging signals in customer demand trends Free Cash Flow Given memory and geopolitical uncertainties, the group is not providing >€0m EBITDA guidance at this stage FY25 Results
Slide 10: Financial Figures
Ale Ye Financial Figures vantiva®,
Slide 11: Free cash flow from continuing operations: FY 2025 vs. FY 2024
11 from continuing operations FREE CASH FLOW FROM CONTINUING OPERATIONS: FY 2025 VS. FY 2024 In € million 62 16 21 -28 17 6 18 36 -25 FCF FY 24 EBITDA Net Capex Restructuring Var WCR Pensions & Others Financial Tax FCF FY 25 FY25 Results
Slide 12: Liquidity amounted to €35m
12 Liquidity on December 31, Amount of Available Drawn Available 2025 (€m) Credit Line Credit Line* Amount Amount Cash and Cash Equivalents 13 Committed credit facilities: › Liquidity amounted Wells Fargo credit line ($125m) 106 78 56 22 Liquidity 35 to €35m Nominal on December 31, 2025 €m IFRS Amou
Slide 13: www.vantiva.com
www.vantiva.com
Slide 14: Abbreviations
14 Abbreviation Definition Abbreviation Definition $ American Dollar Earnings before Interest, Tax, Depreciation and EBITDA Amortization € Euro EU European Union B2B Business-to-Business FCF Free-Cash-Flow BB Broadband GPON Gigabit Ethernet Passive Optical Network BD Blu-ray Disc IoT Internet of Thi
Slide 15: Definitions
15 › Adjusted EBITDA: profit (loss) from continuing operations before tax and net financial income (expense), net of other income (expense), depreciation and amortization (including impact of provision for risks, litigation and warranties) › Adjusted EBITA: profit (loss) from continuing operations b
Slide 16: March 2026
MARCH, 2026 ©2024 Vantiva S.A.. All rights reserved. Vantiva, HomeSight, SURFboard and the HomeSight and SURFBoard logos are trademarks or registered trademarks of Vantiva and/or its affiliates in the U.S. and other countries. All product names, trademarks and registered trademarks are property of t