Slide 1: Q4 & FY 2024 Preliminary Results
04 & FY 2024 Preliminary Results February 13t, 2025 Analyst Presentation
Slide 2: Agenda
elica Agenda @ Q4&FY Preliminary | Industry Trend | Sales Dynamics .01 Results Highlights .02 03 @ = Financial Review ™@ Closing Remarks & @ = Annex: 04 .05 Outlook .06 Financial Highlights Q4 & FY Preliminary Results Highlights
Slide 3: 01 Q4 & FY Preliminary Results Highlights
O01 O46 FY Preli Q4 & FY 2024 Preliminary Results sults Highlights
Slide 4: Highlights 2024
. , Industry Trend Sales Dynamics Economics & Closing Remarks Financials Highlights 2024 Maintaining our Leadership in Aspiration & Motors, while transforming our business Q4 FY Highlights NET SALES YoY CHANGE NET SALES YoY CHANGE Weak Reference Markets; Encouraging Dynamics 10 5 Mé -2,5 ME 4521M€é
Slide 5: 02 Industry Trend
O2 Industry Trend Q4 & FY 2024 Preliminary Results
Slide 6: Europe - Sales Units Trend
elica lights Industry Trend Sales Dynamics Financial Review Closing Remarks EUROPE - Sales Units Trend Change % vs LY COOKER HOODS Market Size (2024): 5,6 M units ASPIRATION HOBS Market Size (2024): : 0,5 M units 0% 2% -4% -6% 8% 10% 12% 14% 16% 70% 60% 50% 40% 30% 20% 10% 0% 10% Q12022 Q22022 Q3202
Slide 7: 2023-2024 Average Price Trend in Europe
2023- 2024 AVERAGE PRICE TREND IN EUROPE (Excl. Russia)
Slide 8: North America Industry Unit Shipments
. elica Highlights Industry Trend Sales Dynamics Financial Review Closing Remarks Annex NORTH AMERICA Industry Unit Shipments Volume Data Change % vs LY Ventilation FY 2023 FY 20224 om FY 2023 FY 2024 1% “5% 2% 10% -3% “4% + “15% NAR 5% -20% 6% 1% -25% 2% + SOURCE AHAM
Slide 9: Market volumes 2020-2024 FST
Thousands pieces 2020 2021 2022 2023 2024 FST
Slide 10: Sales Dynamics
Sales Dynamics Q4 & FY 2024 Preliminary Results
Slide 11: Sales Key Drivers & Business Overview
. elica Highlights Industry Trend Sales Dynamics Financial Review Closing Remarks Annex Sales Key Drivers & Business Overview Q4 FY oeeeeeeeeeeeeeeeeeeeeeeee TRE 46% eee coc EMER ; 473,2 19,3 , 13,0 -24 Y A8 452,1 -0,4 10,5 “41% “0.4% A,8% -0,4% me me 142023 Organic Currency 942024 FY 2023 , FY 2024
Slide 12: Sales by Business
. elica Highlights Industry Trend Sales Dynamics Financial Review Closing Remarks Annex Sales by Business Q4 FY 4B, a Motors 4D, «Motors a a "= Cooking 7» Cooking = 80% 78% Fy, _ Motors Cooking Tr @lica Ey, _ Motors coking TF elica Q4 2023 23,7 89,3 13,0 FY 2023 107,5 365,7 473,2 -0,0 -0,4 -0,4 +0,
Slide 13: Cooking Sales by Region
. el ica Highlights Industry Trend Sales Dynamics Financial Review \ge Closing Remarks Annex Cc k ; S [ b [ 1 I Q4 FY = Americas aN = Americas EMEA EMEA = Asia = Asia 70% 73% Americas Emea Asia Cooking ir Americas Emea Asia Cooking Q4 2023 18,2 63,6 75 29,3 FY 2023 66,9 269,7 29,4 365,7 -0,1 -0,1 -0
Slide 14: Cooking Sales by Brand
elica Coo Highlights g Sales b Industry Trend Sales Dynamics Financial Review y Brand Closing Remarks Annex Q4 FY 38% = OEM = OEM Own Brand Own Brand 9 62% 59% OEM Own Brand Cooking Tr OEM Own Brand Cooking ir Q4 2023 36,1 53,3 89,3 FY 2023 143,4 222,3 365,7 -0,0 “0,4 “0,4 +0,4 “2,4 Currency -0,1% -
Slide 15: A LHOVely journey 2025
a LHOVely journey 2025 Hi Shop Activation program SHOW IT! PREMIO : | Media First Display — i Sales D’Oro Hero product Salone del Mobile 2024 TAKE ADVANTAGE OF I BE PROUD OF Project kick off
Slide 16: Slide 16
Slide 17: Q4 & FY '24 Results
elica Highlights Industry Trend Sales Dynamics Closing Remarks Annex O04 & FY ‘24 Results iz CHANGES PRIOR YEAR eM Q42024 942023 % VAR FY 2024 FY 2023 % VAR 4 2M NET SALES 10,5 13,0 (2,2)% 452,1 473,2 (4,5)% VOLUME - - ADJUSTED EBITDA 68 10,6 (36,0)% 314 48,1 (34,6)% PRICE / MIX - --: INVESTMENT COO
Slide 18: Net Financial Position
. elica Highlights Industry Trend Sales Dynamics Closing Remarks Annex Net Financial Position em FY 2024 FY 2023 VAR "Net financial position as of 31/12/2024 almost aligned with OPENING NFP (63,4) (43,9) (9,5) 2023 excluding share buyback IFRS 16 EFFECT a “40 9) = Optimized Working Capital supportin
Slide 19: Inventory Trend
elica & — Inventory Trend Highlights Industry Trend Mé 102 107 Dec'22 Mar '23 Jun '23 Sept '23 Dec ' 23 Mar '24 Jun '24 Sept'24 Dec'24 19
Slide 20: 04 Economics & Financials
Slide 21: Closing Remarks: 2025 Preliminary Expectations
elica Highlights Industry Trend Sales Dynamics Financial Review Annex Closing Remarks * 2024: Starting a long Journey of Transformation LJ To find ra =" 2025 Preliminary Expectations = YoY flat industry: macro-economic measures will impact not before late 2025, while geopolitical scenario remains un
Slide 22: Our Mid-Term Vision remains solid
elica Our Mid-Term Vision remains solid Elica Rebranding LHOV, Built-in New Range, New Cooktops for NA Market ENLARGED PRODUCT RANGE New EC Motors, Heat Pumps, Hydrogen «Boots on the Ground» in DEE Se ON North America & Canada Growth in Key EU Accounts NETWORK ‘Arietta Brand in DIY EMC-FIME capabili
Slide 23: Market volumes 2020-2024 FST
▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ 5.503 5.153 ▪ 4.673 4.432 4.068 1.520 1.822 1.661 1.807 1.137 ▪ 2020 2021 2022 2023 2024 FST EMC FIME Boilers Market
Slide 24: Annex: Financial Highlights
Annex: 06 Financial Highlights Q4 & FY 2024 Preliminary Results 24
Slide 25: EPS note
* EPS is calculated by dividing the Net Result pertaining to the Group by the number of ordinary shares outstanding, excluding treasury shares at the same data.
Slide 26: Net Working Capital
elica Net W orking Highlights Cooking Division Capital eM FY 2024 FY 2023 ry Trade receivables 34,8 26.7 81 % on annualized sales 11% 5,6% 210 bps Inventories 86,1 90.9 (4,8) % on annualized sales 19,0% 19,2% -20 bps Trade payables (12,8) (107,0) (6,8) % on annualized sales -24,9% -22,6% -230 bps Ma
Slide 27: Consolidated Cash Flow
lights elica Cooking Division Motor Division Consolidated Cash Flow Economics & Financials <M FY 2024 FY 2023 Operating Cash Flow 26.9 29.4 Capex (7.1) (16.1) Cash Flow from Financial Activities (13.8) (24.2) (4.1) (10.9) Net Financial Position 27
Slide 28: Net Capital Employed and Sources
elica Economics & Highlights Cooking Division Motor Division Finametale Closing Remarks FY 2024 FY 2023 FY 2024 FY 2023 Net Operating Fixed Assets 193,0 187,3 Net Financial Position * 56,5 53,5 Net Working Capital 2,3 1,0 Group Equity 133,5 140,9 Minorities 61 56 Net Financial Asset 0,9 19 Total Sha
Slide 29: Non Recurring Items & Minorities
Highlights Cooking Division Motor Division Economics & Closing Remarks Financials elica Non Recurring items & Minorities ringitems eM Q42024 = FY 2024 94.2023 FY 2023 RESTRUCTURING SG&A (1,4) (1,9) (0,7) (1,9) OTHERS (0,3) (1,5) (0,6) (0,8) Total Non Recurring Items (a7) G4) (a) Gr MINORTY MINORTY e
Slide 30: Disclaimer
Disclaimer This presentation may contain forwards-looking information and statements about Elica S.p.A. and its Group. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements re
Slide 31: Thank you
Thank you =\|(er=