Dexelance · MIL:DEX
Dexelance — 9M 2025 Earnings Presentation
20 slides from Dexelance's earnings presentation, Nov 12, 2025
Slide 1: Interim Financial Information as at 30 September 2025
INTERIM FINANCIAL INFORMATION AS AT 30 SEPTEMBER 2025 12 NOVEMBER 2025 18.00 – 19.00 (CET)
Slide 2: 9M25 highlights: organic slowdown offset by Mohd consolidation
Organic slowdown is counterbalanced by Mohd consolidation, which increases Group’s diversified and balanced structure . Profitability still impacted by unfavorable effects • 220,3 mln Actual 9M25 Revenue ( -5% YoY) • 272,8 mln Full 9M25 Revenue (1) (+18% YoY) (4) FURNITURE • 22,9 mln Full 9M25 Adj.
Slide 3: DEXELANCE@Events: Turri 100th anniversary roadshow in China
DEXELANCE@Events |In occasion of its 100 th anniversary, Turri held a three - stage roadshow in China, an opportunity to reinforce the brand’s ties in the country presenting a preview of the new collection 3
Slide 4: DEXELANCE@Events: Meridiani OpenAir at Frette showroom in Paris
DEXELANCE@Events | Meridiani presented a selection of its OpenAir collection at the Frette showroom in Paris, creating a sophisticated setting to frame the historic brand’s prestigious outdoor linen collections 4
Slide 5: DEXELANCE@Events: Roda at international boat shows
DEXELANCE@Events | Cannes, Genoa and Monaco : in the fall Roda participated at the most important international boat shows, presenting its solutions to furnish lounges and interiors of exclusive yachts 5
Slide 6: DEXELANCE@Retail: Gamma opens third Chinese monobrand store in Xi'an
DEXELANCE@Retail | Gamma opened in Xi’an its third Chinese monobrand store in collaboration with a local retail partner, a prestigious 300 sqm space offering an immersive experience in contemporary design Gamma Arredamenti Flagship Store by Jacci Mayee Discover the new Turri identity 6
Slide 7: DEXELANCE@Retail: Meridiani shop-in-shops in Boston and San Francisco
DEXELANCE@Retail | Meridiani pursues its opening plan to express its inviting and warm idea of contemporary living around the world by opening two new shop - in- shop in Boston and San Francisco … Meridiani Point @Boston’s SoWa Art+Design District, by Casa Design Group Meridiani Point @San Francisco
Slide 8: DEXELANCE@Retail: Meridiani corners in Osaka and Nagoya
DEXELANCE@Retail | …and, after the monobrand store opened in Tokyo in early 2025 , reinforced its collaboration with the prestigious retail partner Omobito by opening two corners in Osaka and Nagoya Meridiani Point @Osaka Takashimaya Dept. Store by Omobito Meridiani Point @Nagoya Matsuzakaya Dept. S
Slide 9: Dexelance@Projects: collaboration with Global Wealth Office in New York
Dexelance@Projects |Dexelance US kicked - off a new collaboration with the NY - based luxury real estate company Global Wealth Office, participating in the staging event @845 United Nations Plaza, New York Meridiani Davide Groppi Saba 9
Slide 10: Dexelance@Projects: Very Wood collection at Grand Hyatt Athens
Dexelance@Projects |Very Wood collection by Sebastian Herkner stars in the Interni project at the Grand Hyatt in Athens, a spectacular 5- stars hotel overlooking the Acropolis and the Aegean Sea UNAM Collection by Sebastian Herkner 10
Slide 11: Dexelance@Projects: Gervasoni and Villa Guy
Dexelance@Projects | Gervasoni breathes new life into Villa Guy, a 19 th century in Côte d'Azur, enriching and harmonizing the spaces defining an atmosphere o contemporary elegance 11
Slide 12: Revenue breakdown by SBA
Revenue breakdown by SBA |+ 18% YoY fueled by residential businesses : entry of a new SBA and overall ongoing positive performance by Kitchen and Lighting companies F3Q 24 F3Q 25 (1) Δ F9M 24 F9M 25 (1) Δ Furniture 32,4 25,0 -22,6% 101,6 88,7 -12,7% Lighting 7,7 7,0 -9,2% 23,7 24,2 +2,0% Kitchen&Sys
Slide 13: Revenue breakdown by channel
Revenue breakdown by channel | Strong contribution by Mohd consolidation in Soft Contract and Retail, counterbalancing Luxury Contract/Hard Contract slowdown F3Q 24 F3Q 25 (1) Δ F9M 24 F9M 25 (1) Δ Retail 39,7 42,8 +7,9% 127,2 141,8 +11,5% Soft Contract 15,0 21,9 +45,9% 42,0 71,4 +69,9% Hard contrac
Slide 14: Revenue breakdown by region
Revenue breakdown by region | Positive performance in all regions, supported by a truly global Mohd business model and slight organic growth in Europe and North America F3Q 24 F3Q 25 (1) Δ F9M 24 F9M 25 (1) Δ Italy 21,5 19,3 -10,5% 61,7 66,8 +8,2% Europe (excl. Italy) 18,4 21,0 +14,0% 48,4 57,8 +19,
Slide 15: 9M25 financial results: profit and loss
9 M25 financial results | Profitability still affected by extraordinary operating costs and increased Group cost structure, as well as by operating deleverage mostly driven by Luxury Contract performance Profit & Loss | €mln F9M 24 % F9M 25 (1) % • As already commented, in 2025 one of the Group’s co
Slide 16: 9M25 financial results: cash flow and net financial position
9 M25 financial results | Increased NFP also due to recent M&A activities . Capex plan remains confirmed, but with flexible and conscious phasing during the next 3 years Cash Flow 9M 25 | €mln Net Financial Position | €mln Net bank debt 31.12.2024 5,2 9M 24 FY 24 9M 25 EBITDA reported 16,1 Net bank
Slide 17: 9M25 order intake
9 M25 order intake | Weak market conditions and backlog for Luxury Contract keep affecting near - term organic growth outlook . In 2025 the Group targets year - end growth thanks to Mohd entrance Double - digit growth 283,9 239,2 F9M 24 F9M 25 Luxury Contract Residential 17
Slide 18: Q&A Session
Q&A SESSION
Slide 19: 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 solicitat
Slide 20: Office addresses
Italy Corso Venezia, 29 - 20121 Milano, Italy (+39) 02.83975225 China No.10, Lane 905, Huashan Road, Xuhui District , Shanghai, China (+86) 1811 5560 585 UK Unit 308 Harbour Yard, Chelsea Harbour London SW10 0XD (+44) (0) 7428382943 USA 192 Lexington Ave. New York, NY 10016, U.S.A. (+1) 929 684 9771