Dexelance · MIL:DEX
Dexelance — Investor Presentation (April 2025)
31 slides from Dexelance's investor presentation, April 2025
Slide 1: Dexelance Investor Presentation April 2025
DE XELANCE CRAFTING DESIGN FOR EXCELLENCE INVESTOR PRESENTATION April 2025
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: We strongly believe that today's living should be an experience
WE STRONGLY BELIEVE THAT TODAY'S LIVING SHOULD BE AN EXPERIENCE Our mission is to inspire and enrich the lives of our customers by infusing the essence of refined living into everyday experiences. ensuring that at the core of everything we offer lies the art of crafting design for excellence. We are
Slide 4: put&call options/earnouts, PPA amortization and related fiscal effect. (3) Calculated as (Full Adj. EBITDA
(1) Computed as Reported EBITDA + non-recurring costs + M&A transaction costs + IPO costs. (2) Income Adjusted for EBITDA Adjustments, change in estimate of put&call options/earnouts, PPA amortization and related fiscal effect. (3) Calculated as (Full Adj. EBITDA – CAPEX)/Full Adj. EBITDA.
Slide 5: (1) Acquisition of a 20% stake in 2021, a further 31% stake in July
(1) Acquisition of a 20% stake in 2021, a further 31% stake in July 2023 and the final 49% in October 2024. Consolidated starting from 2H 2023. (2) Acquisition completed in January 2023.
Slide 6: (1) % incidence on 2024 revenue.
• • • • • • • • • • • (1) % incidence on 2024 revenue.
Slide 7: Food, Beverages & Restaurants Wine & Spirits
| ~25% • ~20-25% ~20% ~20% ~15-20% • • Core HEDF Personal Luxury Goods Food, Beverages & Wine & Spirits Luxury Yachts & Restaurants Jets Source: Company elaboration based on Bain&Company-Altagamma «High-End Market Monitor» (June 2022), and Bain&Company-Altagamma «Luxury goods worldwide market study»
Slide 8: (1) % incidence on 2024 revenue. (2) Milan: Gervasoni, Meridiani, Davide Groppi, Turri. London:
(1) % incidence on 2024 revenue. (2) Milan: Gervasoni, Meridiani, Davide Groppi, Turri. London: Meridiani, Turri. New York: Meridiani, Davide Groppi, Gervasoni, Turri.
Slide 9: Proven growth track record, organic and M&A
Proven (and above reference market) growth track record, thanks to both organic and M&A opportunities Core HEDF market evolution (€bn | 2015-2024) CAGR= +4/5% 48 a 46 — 7% ~4% 38 34 35 36 35 32 CAGR 415-'24E 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024E Dexelance evolution (€m | 2015-2024) n tt
Slide 10: (10) (20) (30) ▪ ▪ ▪ ▪ ▪
30 20 10 0 (10) (20) (30) ▪ ▪ ▪ ▪ ▪ 10
Slide 11: A distinctive value-added strategy
A distinctive value-added strategy... Apartnership model based on alignment of interests. designed to preserve companies’ autonomy and DNA while leveraging on Dexelance’s structure and network to realize full growth potential and access to synergies. At Dexelance individuality harmonizes with a unif
Slide 12: A project promoting dialogue between art and design
Aproject aiming to promote the dialogue between art and design and their harmonious synergy. a path to embrace the different souls of the group's companies to iconic works by enhancing the italian and international cultural and artistic heritage. VW ssimo III, Arnaldo Pomodoro lagship Store. Via Man
Slide 13: (1) Last update: 31 December 2024.
• • • (1) Last update: 31 December 2024. 13
Slide 14: Recent updates and FY 2024 results
Recent updates and FY 2024 results BE XELANCE 4
Slide 15: BDEXELANCE
BDEXELANCE
Slide 16: Davide Groppi, Sampei
Davide Groppi, Sampei Turi, Azul sofa BDEXELANCE
Slide 17: BDEXELANCE
BDEXELANCE
Slide 18: Davide Groppi and Saba open 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 BDEXELANCE
Slide 19: Davide Groppi and Saba open 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 BDEXELANCE
Slide 20: Archiproducts Awards winner
archiproducts AWARDS WINNER joent Open Air BDEXELANCE
Slide 21: Dexelance products continue to garner prestigious awards
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 es Davide Groppi | Hazard = = : Davide Groppi | Asintoto BDEXELANCE
Slide 22: Elle Décor Italia
Elle Décor Italia BDEXELANCE
Slide 23: Meridiani with Studio Cavit @Sydney
it i tt Meridiani with Studio Cavit @Sydney, Interior design by Jack Freeman BDEXELANCE
Slide 24: Calculated as (Full Adjusted EBITDA – CAPEX)/Full Adjusted EBITDA.
• • (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and Turri, despite exact acquisition date. (2) Computed as Reported EBITDA + non-recurring costs + M&A transaction costs + IPO costs. (3) Income Adjusted for EBITDA Adjustments, change in estimate of put&call options/ea
Slide 25: (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and
| (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and Turri despite exact acquisition date.
Slide 26: (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and
Δ Δ | (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and Turri despite exact acquisition date.
Slide 27: (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and
Δ Δ | (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and Turri despite exact acquisition date.
Slide 28: (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and
Δ Δ | (1) Full 12M 2023 data prepared including 12 months of Cubo Design, Axolight and Turri despite exact acquisition date.
Slide 29: 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 FY 23 FY 24 73 8.3 Net bank debt 14.2 43 Co Including H Minorities*, earnouts* and others 734 } €68.3meash
Slide 30: Single-digit
307.4 Single-digit growth 319.1 F12M 23 Luxury Contract BDEXELANCE F12M 2 Residential
Slide 31: Dexelance brands
DE XELANCE Italia Cina UK USA GERVASONI 1882 C=NACCHI! MITON) VERY wood davide groppi FLEXALIGHTING MERIDIANI sebe" Axelight