De'longhi S.p.a. · MIL:DLG
De'longhi — Q1 2025 Earnings Presentation
20 slides from De'longhi's earnings presentation, May 13, 2025
Slide 1: Q1-2025 Presentation
9M & Q4 2024 RESULTS Q1-2025 Presentation May 13th 2025
Slide 2: Q1 2025 Results
Q1 2025 Results This presentation might contain certain forward-looking statements that reflect the company’s current views with respect to future events and financial and operational performance of the company and its subsidiaries. Forward looking statements are based on De' Longhi’s current expect
Slide 3: Definitions used in this presentation
Q1 2025 Results In this presentation: • “Adjusted” stands for before non recurring items and cost of the stock option plans • “Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives • “pro-forma” means including the consolidation of La Marzocco
Slide 4: Starting 2025 with plenty of awards for our products' distinctive design & technology
STARTING 2025 WITH PLENTY OF AWARDS FOR OUR PRODUCTS’ DISTINCTIVE DESIGN & TECHNOLOGY DéLonghi Group
Slide 5: Home coffee award-winning products
ZEB ——_ DEDICA DUO reddot G HOME COFFEE LA SPECIALISTA TOUCH Z reddot DéLonghi Group AROMATIC reddot G 5
Slide 6: Nutrition & Food Preparation
DéLonghi Group NUTRITION & FOOD PREPARATION KENWOOD BRAUN nutribullet. KENWOOD GO MULTIQUICK NUTRIBULLET 5 PRO 2f J Z reddot reddot
Slide 7: Braun and other categories
BRAUN CARESTYLE 9 Z reddot OTHER CATEGORIES BRAUN QUICKSTYLE 7 Z reddot DéLonghi Group PINGUINO GENTLE JET Z reddot
Slide 8: Results
Q1 2025 RESULTS DéLonghi Group
Slide 9: Q1 2025 Results
Q1 2025 Results Positive momentum continues, backed by +14.6% strong household performance and accelerated professional growth Further enhancement of profitability thanks 15.4% to volume increase, better product mix and professional business expansion A solid balance sheet enabled the Group to 320 M
Slide 10: Revenues by division
Q1 2025 Results 755 €M 100% +14.6% 657 €M 87% +7.2% 99 €M 13% +114.3% +22.0% pro-forma 10
Slide 11: Revenues by product category
Q1 2025 Results Professional Other coffee 13% 13% Professional Coffee Up double digit Up high single digit Home coffee Nutrition & food to low teens prep 22% Nutrition & food preparation Down low single digit Other Up high single digit to low teens Home coffee 52% 11
Slide 12: Revenues by region
Q1 2025 Results Europe Up high single digit to low teens MEIA Up double digit America Up high teens APAC Up double digit 12
Slide 13: Industrial margin and adjusted EBITDA
Q1 2025 Results In the quarter: the net industrial margin stood at €M 394.8, equal to 52.3% of revenues compared to 50.9% in 2024, benefitting from positive contribution of the mix, increase in volumes and certain cost efficiencies; adjusted Ebitda amounted to €M 116.3, or 15.4% of revenues, imp
Slide 14: Cost increases
Q1 2025 Results Among others: Higher labour costs Higher logistics costs Higher media & advertising 14
Slide 15: Net financial position and cash flow
Q1 2025 Results In March 2025, the Group's Net Financial Position stood at € 482.8 million, an improvement compared to € 307.6 million in March 2024; In the first three months of the year, cash flow before dividends, buybacks and acquisitions was negative for €124.2 million, mainly due to the ef
Slide 16: Net cash flow (3 months)
Q1 2025 Results NET CASH FLOW (3 MONTHS) NFP @ 31Dec24 Cash flow from current operations Cash flow from NWC (28) Capex (20) Other (124) FCF before dividends, buyback and M&A, DéLonghi Group 483 (36) Dividends, buyback NFP @ 31Mar25 & M&A 16
Slide 17: Net cash flow (12 months)
Q1 2025 Results DéLonghi Group NET CASH FLOW (12 MONTHS) 563 ~ a — (130) a 308 NFP @ 31Mar24 Cash flow Cash flow Capex Other FCF before dividends, _ Dividends, buyback NFP @ 31Mar25 from current operations from NWC buyback and M&A & M&A 17
Slide 18: Positive momentum continues for both Household and Professional divisions
Q1 2025 Results Positive momentum Enhancement of About €M 500 of net continues for both Adjusted EBITDA with cash position, even after Household and 15.4% margin funding the buyback Professional divisions program Prompt reaction to tariffs Continuous and effective Continuous recognition thanks to fl
Slide 19: Q1 2025 Results
Q1 2025 Results Volume expansion coupled with a better product mix Household business growth, capitalizing on positive market developments and Perimeter expansion with two additional driving categories expansion through months of La Marzocco consolidation product innovation and A&P investments
Slide 20: Contacts
Contacts: Investor Relations: Samuele Chiodetto, Sara Mazzocato T: +39 0422 4131 e-mail: investor.relations@delonghigroup.com Media relations: T: +39 0422 4131 e-mail: media.relations@delonghigroup.com On the web: www.delonghigroup.com DéLonghi Group