Dexelance · MIL:DEX
Dexelance — FY2024 Earnings Presentation
22 slides from Dexelance's earnings presentation, Mar 12, 2025
Slide 1: Financial Information as of 31 December 2024
DE XELANCE FINANCIAL INFORMATION AS OF 31 DECEMBER 2024 412 MARCH 2025 09.00 — 10.00 (CET)
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation’) has been prepared by Dexelance S.p.A. (the “Company” and together with its subsidiaries, the “Group’) for information purposes only and should not be reproduced or redistributed. The Presentation does not constitute an offer to sell or a solicitation
Slide 3: Chief Executive Officer, Managing Director, Chief Financial Officer
a\ A Chief Executive Officer Managing Director Chief Financial Officer Corporate Development & IR Manager
Slide 4: 2024 financial highlights: another sales record at ~€324 mln
12 months 2024 financial highlights: another sales record at ~€324 mln, notwithstanding the complex macroeconomic scenario. Multiple strategic initiatives sustained and nurtured Group brands’ positioning and visibility, paving the way to longer-term value creation Actual Revenue Full Revenue(? € 324
Slide 5: Q4 trade fairs and events concluding the yearly industry cycle
Slide 6: Davide Groppi, Sampei; Turri, Azul sofa
Davide Groppi,Sampei Turi, Azul sofa
Slide 7: oer ef ee ee eee
oer ef ee ee eee
Slide 8: Davide Groppi and Saba have opened two new monobrand stores in Madrid and Paris
Davide Groppi and Saba have opened two new monobrand stores in Madrid and Paris, respectively, in llaboration with two renowned local retail partners Davide Groppi @Madrid In collaboration with Danord
Slide 9: Davide Groppi and Saba have opened two new monobrand stores in Madrid and Paris
Davide Groppi and Saba have opened two new monobrand stores in Madrid and Paris, respectively, in collaboration with two renowned local retail partners Saba @Paris In collaboration with French Kiss
Slide 10: Archiproducts Awards Winner
archiproducts AWARDS WINNER 10
Slide 11: Dexelance products continue to garner prestigious awards and recognitions
Dexelance products continue to garner prestigious awards and recognitions, a witness to the superior quality of their style, design and functionality ADI DESIGN INDEX Selezione Compasso d'Oro e- Davide Groppi| Hazaré Davide Groppi | Asintoto "
Slide 12: Elle Décor Italia
Elle Décor Italia 12
Slide 13: Meridiani with Studio Cavit @Sydney
it i tt Meridiani with Studio Cavit @Sydney, Interior design by Jack Freeman 13
Slide 14: 2024 financial results: healthy growth in revenue along with new investments
12 months 2024 financial results: healthy growth in revenue along with new investments in key resources such as marketing, commercial activities and people eons, ( Var. \ Profit & Loss | &m Revenue \ 44.3% vy HM 23 % FAM 24 % “oo Revenue 310.8 100.0% 324.4 100.0% S108 - Other income 64 2.1% 4g 15% T
Slide 15: All residential business areas registered positive growth; Luxury Contract record
All residential business areas, more exposed to the normalization phase of the market, registered positive growth. Luxury Contract signed its all-time record at ~€91 mtn Revenue breakdown by SBA |€m Furniture 40.2 39.8 Lighting 8.3 8.3 Kitchen&Systems 144A 15.5 Residential 62,9 63.6 Luxury Contract
Slide 16: Contract exposure fueled growth despite a stable retail channel
Dexelance exposure to the world of contract, either hard or soft. fueled growth in spite of a stable retail channel that. industry-wise., is still influenced by macroeconomic trends Revenue FAQ 24 aR 1omM93") —F12M24 rN breakdown by channel|€m Retail 46.C 434 6.2% 470.7 110.4 0.2% Soft Contract 16.9
Slide 17: Europe remains stable; increasing global reach compensates
Europe. where key markets like France and Germany registered negative performance, remains stable. The Group more than compensated with an increasing global reach and thanks to brands’ ability to conquer market share Revenue FAQ 23 FAQDA AM F12M23 Ff 12M 24 a breakdown by region |€m Italy 26.0 20,9
Slide 18: NWC at year-end returned to neutral; capex aligned to 2023
NWC at year-end returned to neutral. Capex aligned to 2023 levels, leaving room to become a strategic axis for next years’ development plan NET WORKING CAPITAL | €m NET FINANCIAL POSITION | €m 73 8.3 Net bank debt 14,2 A3 Co Including Minorities*. earnouts* and others 734 } _ €68.3meash | ingit | €6
Slide 19: Cash flow
EBITDA Capex Taxes and provisions IFRS 16 liabilties Changes in NWC Othe Cash flow from operating activities Net interests paid Minorities Treasury shares Other financing Cash tlow trom tinancial activities (50,0) 7.9 84 8,2 (0.9) (3.4) (29,8) 32 9.2 19 (3.9) WA 19
Slide 20: Single-digit growth
Single-digit growth 319.1 307.4 20
Slide 21: Q&A Session
Q&A SESSION WW 6) Zz < al W x W ia)
Slide 22: Dexelance brands and locations
DE XELANCE Italia Cina UK USA GERVASONI 1882 C=NACCHI! MITON) VERY wood davide groppi FLEXALIGHTING MERIDIANI sebe" Axelight