Colt Cz Group Se · PSECZ:COLT
Colt Cz — FY2025 Earnings Presentation
31 slides from Colt Cz's earnings presentation, 2026
Slide 1: Preliminary Financial Results 2025
COLT CZ GROUP SE PRELIMINARY FINANCIAL RESULTS 2025 INVESTOR PRESENTATION
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE RESTRICTED OR PROHIBITED BY LAW. This communication contains inside information as defined
Slide 3: Presenters
PRESENTERS RADEK JANA VLADIMÍR JAN DANIEL MUSIL MATOUŠKOVÁ RADA ZAJÍC TAMCHYNA Vice-chairman of the Chief Financial Officer Member of the Board Member of the Board Member of the Board of Board of Directors Colt CZ Group SE of Directors of Directors Directors of Synthesia CEO of Colt CZ Group SE CEO
Slide 4: Strategic Framework: Core Business & Expansion
STRATEGIC FRAMEWORK: CORE BUSINESS & EXPANSION CORE BUSINESS STRATEGIC ACQUISITION Growth across all financial metrics, including Creating a fully integrated defense leader. improvement of overall margin. Finalization of strategic acquisition of Synthesia Stable Group profitability despite US commer
Slide 5: Key Financial Indicators 2025
KEY FINANCIAL INDICATORS 2025 Growth across all financial metrics, including improvement of overall margin, demonstrates the power of a diversified portfolio Revenues Adjusted EBITDA CZK 23,398 mio CZK 4,661 mio +4.6% vs 2024 +1.4% vs 2024 Adjusted Net Profit Adjusted EPS CZK 2,030 mio CZK 36.0 +5.0
Slide 6: Strategic Revenue Diversification: Shift from US to Europe and MLE
STRATEGIC REVENUE DIVERSIFICATION: SHIFT FROM US TO EUROPE AND MLE Geographic move Customer segments USA COM 2024 40% 2024 48% 2025 29% 2025 46% Europe (incl. Czech Republic and Ukraine) MLE 2024 48% 2024 52% 2025 56% 2025 54% Strong position of Ammunition segment Ammunition and Firearms segment in
Slide 7: Portfolio Resilience: Offsetting US Market Fluctuation
PORTFOLIO RESILIENCE: OFFSETTING US MARKET FLUCTUATION 8.7% decline in units sold driven by Colt US CZ brand strength Firearms units sold CZ brand 8.4% growth 634k units Colt brand 403k units 578k units 33% drop 372k units 262k units 175k units 2024 2025 2024 2025 2024 2025 CZ brand Expected cooli
Slide 8: Strong Cash Generative Business
STRONG CASH GENERATIVE BUSINESS Dividends and Share buy back Financial flexibility BoD will propose cash dividend: Cash generative business allows leverage CZK 30 for 2025 reduction going forward Payout ratio: 89% from adj net profit Space for significant CAPEX investment Share buy back: I
Slide 9: Indebtedness and Strategic Deleveraging
INDEBTEDNESS AND STRATEGIC DELEVERAGING Strong cash flow allows flexibility for business and quick acquisition absorption Net debt (CZK bn) Net Leverage Ratio 2.80 2.26 1.80 1.20 11,975 7,465 8,545 3,670 2,685 FY 2022 FY 2023 FY 2024 FY 2025 Acquisition of NCL paid in January 2026 without significan
Slide 10: Capital Expenditures: Substantial Growth Investment in 2026
CAPITAL EXPENDITURES: SUBSTANTIAL GROWTH INVESTMENT IN 2026 CZK 1,800 – 2,000 mio CZK 1,035 mio (4.4% revenues) 45% Strategic investment Growth CAPEX 30% Allocation of EUR 40 million Growth CAPEX for increase in nitrocellulose production capacity from 6,000t up to 7,000t (available from 2027) 70% Ma
Slide 11: Acquisition of 51% Synthesia Nitrocellulose and Power
ACQUISITION OF 51% SYNTHESIA NITROCELLULOSE AND POWER Positive impact on 2025 pro-forma EBITDA of CZK 2.3bn and pro-forma adjusted EPS of CZK 45 Transaction Structure Financial Impact (pro-forma 2025) Closing: 6 January 2026 Revenues ↑ CZK 4.9bn Enterprise Value CZK 10.02 bn Adj EBITDA ↑ CZK
Slide 12: Guidance 2026: Financial Metrics Summary
GUIDANCE 2026: FINANCIAL METRICS SUMMARY Growth driven by the new energetics segment, new government (MLE) contracts and the launch of the new Colt Optics division. Revenues CZK 30 - 33bn Adjusted EBITDA CZK 7.4 – 8.2bn 2026 management KPI targets EBITDA exceeding the upper end of guidance
Slide 13: Guidance 2026
GUIDANCE 2026 Full integration of a new segment is a major step in profitability and revenues 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-forma incl. N
Slide 14: New Group in 2026: Balanced Product Portfolio
NEW GROUP IN 2026: BALANCED PRODUCT PORFOLIO Three strong and independent pillars ensuring stability and growth Firearms Ammunition Energetics 1/3 1/3 1/3 of total adj. EBITDA 2026 of total adj. EBITDA 2026 of total adj. EBITDA 2026 Strong MLE contracts across the world Highly stable and profitable
Slide 15: Ambition 2030
AMBITION 2030 €2 billion in revenue Targeting €2bn in sales by 2030, via a two-pronged M&A and organic growth approach Continued execution on our vertical integration strategy, reinforcing our position as a global defense partner
Slide 16: Key MLE Contracts (2026–2031)
KEY MLE CONTRACTS (2026 – 2031) Framework contract with German Army Swedish Armed Forces: Colt M4A1 Rifles NATO-type small arms ammunition: (Bundeswehr) – P13 handguns based on P-10 pistol Danish Ministry of Defense multi-year Czech Army multi-year framework contract framework contract of CAD 150mio
Slide 17: Extension of Product Portfolio: New Division of Colt Optics
EXTENSION OF PRODUCT PORTFOLIO: NEW DIVISION OF COLT OPTICS Vision Colt Optics mission is to design and manufacture reliable, high-performance sighting and targeting technologies tailored to the needs of military and law enforcement as well as commercial market To be the global leader in cutting-e
Slide 18: Envisaged Dual Listing in Amsterdam
ENVISAGED DUAL LISTING IN AMSTERDAM Key opportunity to improve Colt CZ Group’s strategic position on the market Shares to be fully fungible between both exchanges Timeline Existing listing in Prague will remain Shareholder approval to proceed with strategically important and an integral a dual listi
Slide 19: Appendix
APPENDIX COLT CZGROUP Wy,
Slide 20: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION In CZK ‘000 FY 2025 FY 2024 Operating profit 3 261 998 2 001 018 Depreciation and amortization 1 545 619 1 478 824 EBITDA 4 807 617 3 479 842 ESOP related costs (159 729) 418 730 M&A costs 37 466 14 960 Wasted project – Bolt action rifles - 69 624 Wasted project – Foun
Slide 21: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION In CZK ‘000 FY 2025 FY 2024 Earnings before tax 2 572 475 1 379 838 Tax expenses (528 208) (335 263) Net income 2 044 267 1 044 575 ESOP related costs (159 729) 418 730 Wasted project – Bolt action rifles - 69 624 Wasted project – Foundry - 21 642 M&A costs 37 466
Slide 22: Pro-forma BS as of January 2026
PRO-FORMA BS AS OF 1 JANUARY 2026 in bn CZK Colt CZ Group NCL+POWER+conso adj Pro-forma BS Goodwill 9,0 4,1 13,1 Non-current assets 20,4 16,1 36,5 Current assets 26,2 -4* 22,2 Total Assets 55,6 16,2 71,8 in bn CZK Colt CZ Group NCL+POWER+conso adj Pro-forma BS Equity – owner of parent company 21,2 -
Slide 23: Pro-forma PL 2025 Before PPA NCL Amortisation
PRO-FORMA PL 2025 BEFORE PPA NCL AMORTISATION in bn CZK Colt CZ Group NCL+POWER+conso adj Pro-forma PL Revenues 23.4 4.9 28.3 EBITDA 4.8 2.3 7.1 Depreciation before PPA (1.5) (0.6) (2.1) Financial result (0.7) (0.1) (0.8) EBT 2.6 1.6 4.2 Net profit after tax 2 1.5 3.5 Net profit attributable to: Own
Slide 24: Net Interest Costs Guidance
NET INTEREST COSTS GUIDANCE In CZK ‘000 000; G 2026 Interest expenses 1,239 Hedging impact (104) Deposit revenues (167) Net interest costs 968 Effective interest rate 4.23% ASSUMPTIONS Stable FX rate EUR/CZK Including NCL No extraordinary debt repayment Stable market interest rates No additional deb
Slide 25: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘000 CZK 31 Dec 2025 31 Dec 2024 Revenues from the sale of own products, goods and services 23 398 336 22 375 792 Other operating income 109 472 159 638 Change in inventories developed internally 1 375 831 (629 980) Own work capitalized 390 851 338 746 Raw m
Slide 26: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 In CZK ‘000 31 Dec 2025 31 Dec 2024 ASSETS Non-current assets Intangible assets 9 463 485 10 403 416 Goodwill 9 039 588 8 489 707 Property, plant and equipment 9 896 386 9 582 545 Equity-accounted securities and investments 45 006 44 102 Financial derivatives 886 157 4
Slide 27: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In CZK ‘000 31 Dec 2025 31 Dec 2024 EQUITY AND LIABILITIES Capital and reserves Share capital 5 646 5 646 Treasury shares (189 767) - Share premium 13 477 795 13 477 795 Capital funds 1 641 512 1 641 512 Cash flow hedge reserve 636 152 (203 494) Foreign exchange transl
Slide 28: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT In ‘000 CZK 31 Dec 2025 31 Dec 2024 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 2 572 475 1 379 838 Depreciation/amortization of non-current assets 1 545 619 1 478 824 Change in allowances and provisions 1
Slide 29: Acquisition of Sellier & Bellot – D&A Impact
ACQUISITION OF SELLIER & BELLOT – D&A IMPACT D&A IMPACT In CZK m 1,479 1,546 - - - 620 620 606 609 603 603 601 601 - 340 340 802 50 802 859 940 - - - - FY 2023 FY 2024 2025 2026e 2027e 2028e-2039e 2040e-2044e D&A D&A PPA COMMENTS Increase in Amortization due to Purchase Price Allocation of S&B acqui
Slide 30: 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 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