Elica S.p.a. · MIL:ELC
Elica — Investor Presentation (July 2026)
41 slides from Elica's investor presentation, July 2026
Slide 1: Corporate Presentation
Corporate Presentation July 2026
Slide 2: Agenda
Agenda Company highlights & Market Environment Cooking business .01 Strategic priorities .02 .03 roadmap Motor business Q1 2026 Results Closing Remarks .04 roadmap .05 .06 2
Slide 3: Company Highlights & Strategic Priorities
01 Company Highlights & Strategic Priorities 3
Slide 4: Elica Group
Elica Group The world's leading manufacturer of kitchen extraction systems. European leader in the manufacture of electric motors. 7 14 Production sites Legal Entities 2.400 461 mln € Employees Sales 2025 2 Divisions 28 mln € Cooking & Motors Adj EBITDA 2025 LISTED ON THE STOCK EXCHANGE SINCE 2006 -
Slide 5: Elica Group revenues 2025 breakdown
Elica Group revenues 2025 breakdown 104 M€ 22% 461 M€ Motors Cooking 78% 357 M€ 22M € 18M € 6% 5% 8% - OEM - OEM Heating AMERICAS EMEA & APAC Ventilation MOTORS 48% COOKING 246M € 70M € Household appl. 104 M€ 20% 357 M€ 69% 44% OEM: 74 M€ (30%) OEM: 47 M€ (67%) BRAND: 172 M€ (70%) BRAND: 23 M€ (33%)
Slide 6: Governance & Shareholder ID
Governance & Shareholder ID GOVERNANCE SHAREHOLDER STRUCTURE 16,3% 52,8% FAN (Casoli Family Holding) TIP (Tamburi Investments Partners) 7,4% Treasury Shares Free Float 23,2% 63.322.800 Ordinary Shares 6
Slide 7: Vision & Strategic Priorities
Vision & Strategic Priorities 01 02 03 04 05 NAVIGATE LEAN & SHORT ACCELERATE BUSINESS CASH-ORIENTED GEOPOLITICAL & ORGANIZATION DECISION MAKING ROADMAP EXECUTION MARKET UNCERTAINTY Strengthen resilience and Simplify the structure, reduce Reduce decision time and Strategic blueprint that aligns Maxi
Slide 8: Market environment
02 Market environment
Slide 9: Market environment: EMEA & APAC, North America, Motors
MARKET ENVIRONMENT: • EMEA & APAC • NORTH AMERICA • MOTORS
Slide 10: Europe: Industry Shipments & Value
Europe: Industry Shipments & Value Change % vs LY Volume Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 8% • Cooker Hoods: Q1 2026 slightly negative 6% industry shipments most pronounced in 4% the Western European countries 2% Cooker hoods & 0% • Aspiration hobs: double-digit unit Aspiration hobs -2% growt
Slide 11: Persisting high promotional environment
Persisting high promotional environment 2024-2025-2026 AVERAGE PRICE TREND IN EUROPE (Excluding Russia) Kitchen hoods Extractor hobs Delta vs LY Delta vs LY -5,2% -6,0% -6,7% -4,6% -1,5% -3,2% -5,9% -4,1% -2,6% -2,0% -4,6% -4,8% -2,4% -4,1% -6,2% -5,0% -8,3% -8,0% 2024 2025 2026 2024 2025 2026 Q1 Q2
Slide 12: Europe Consumer Climate – April 2026
Europe 27 Consumer Climate – April 2026 25 20 15 10 5 0 -3,2 -5 -10 EU total - 8.5 -15 -20 -25 2021 2022 2023 2024 2025 2026 Source: GfK Euro Climate powered by NIM, cofunded by EU Commission | April 2026 12
Slide 13: APAC: Japanese Market
APAC: Japanese Market Lower construction starts combined with Japanese Yen prolonged depreciation New Construction Starts of Dwellings* Euro / Yen exchange rate** Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 30% 20% 10% 0% -10% -20% -30% *SOURCE: e-Stat: portal site for Japanese Government Statistics **S
Slide 14: North America: U.S. Market
North America: U.S. Market Consumer Sentiment index lowest in the history combined with high mortgage rates U.S. CONSUMER SENTIMENT INDEX* 30 Years Mortgage rates * From Whirlpool Corporation Q1 2026 Financial presentation 14
Slide 15: North America: Industry Shipments
North America: Industry Shipments Volume Data Change % vs LY Ventilation Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 • From H2 2025 ventilation sell-in units declined 10% double-digit 5% • 2026 started with the same negative trend with 0% the decline most pronounced in February and March (YoY reduction:
Slide 16: Motors Heating: Industry Shipments
Motors Heating: Industry Shipments Thousand Units 1400 1200 1000 Boiler 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Gas condensing, Gas Non '25 '25 '25 '25 '26 condensing and Biomass Boilers vs PY -12% -% -16% -10% -10% 1400 1200 Heat pump 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 '25 '25 '25 '25 '26 Source: EHI –
Slide 17: Organization and Decision Making
02 Organization and Decision Making
Slide 18: Lean & Short Organization to Accelerate Decision Making
LEAN & SHORT ORGANIZATION TO ACCELERATE DECISION MAKING • Leaner organizational structure to drive faster decisions and sharper focus • Closer integration between strategic direction and operational business execution • Greater organizational agility to respond to evolving market dynamics SIMPLER. F
Slide 19: Cooking Roadmap
03.1 COOKING ROADMAP
Slide 20: Strategic Pillars For Growth
Strategic Pillars For Growth Transformation into a Branded Cooking Company while maintaining leadership in ventilation COOKING NEW BRAND «BOOTS ON THE GROUND» «BOOTS ON THE GROUND» LHOV, Ovens, Inductions hobs, Wine cellars IDENTITY GO DIRECT in NORTH AMERICA GO DIRECT in EUROPE 20
Slide 21: Direction is Right: Cooking Brand Sales Growth
Direction is Right: Cooking Brand Sales Growth 2025 BRAND REVENUES 2025 REVENUE SHARE COOKING RANGE TREND 2023-2025 Cooking & BI Category €M vs. PY 6,7% 6,7% C. Hoods 153,3 (4,7) Asp. Hobs C. Hoods Asp. Hobs 47,7 +0,4 22% 71,3% Cooking & BI 14,0 +7,3 BRAND TOT 215,0 +3,0 FY 2023 FY 2024 FY 2025 21
Slide 22: North America main priorities
North America main priorities • ELICA is a premium brand operating through premium retail channels • Become a premium cooking specialist with a multi- product, multi-brand portfolio • Expand and strengthen our product offering • Directly owned and managed distribution: “boots on the ground” approach
Slide 23: North America Brand Strategy
North America Brand Strategy Direct Distribution and Product Expansion into Range Cookers: the X Factor 26 20 14 2,2 6 1,3 Sales M€ 2019 2023 2024 2025 - M€ Range Cookers 2023 2024 2025 23
Slide 24: EMEA & APAC main priorities
EMEA & APAC main priorities Cooking Transformation Preserve our Leadership in kitchen extraction systems market Seize commercial distribution opportunities to drive growth even through M&A 24
Slide 25: Elica | Cooking Transformation
ELICA | Cooking Transformation 1970… Hoods 2016 Hoods Asp. Hobs 2023 Hoods Asp. Hobs Ind. hobs Ovens Wine Coolers 2024 Hoods Asp. Hobs Ind. hobs Ovens Wine Coolers LHOV 2026 Hoods Asp. Hobs Ind. hobs Ovens Wine Coolers LHOV Microwaves ID Technology & Matrix UI 25
Slide 26: Another strategic step in the world of cooking
Another strategic step in the world of cooking Elica presents ID Technology, its first line of induction hobs featuring proprietary technology. A scalable platform designed to support Elica’s innovation journey. 26
Slide 27: New LHOV Finishing
New LHOV Finishing Black Matt and White 27
Slide 28: Elica strengthens its leadership in the extractor systems sector
Elica strengthens its leadership in the extractor systems sector TheKub, the 10-in-one solution.
Slide 29: Our focus: Build New Direct Distribution Opportunities
Our focus: Build New Direct Distribution Opportunities What’s next? 2024 2025 2026 September July November New Showroom & Sales Office in Germany New Showroom in the Netherlands New showroom in Japan 29
Slide 30: Motors Roadmap
03.2 MOTORS ROADMAP 9 ) EMC FIME
Slide 31: Future is High Efficiency & Noiseless BLDC
Future is High Efficiency & Noiseless BLDC electronically controlled permanent magnet motors Product application Motor Product application Motor VENTILATION Boiler Cooker Hoods HEATING Aspiration Hobs Heat pump NEW OPP REFRIGERATION HRV/MV (Heat NEW OPP Recovery Ventilation) Commercial NEW OPP refri
Slide 32: New Opportunities
New Opportunities Product application Motor EXPECTED START OF PRODUCTION 2026 2027 2028 2029 2030 Heat pump HEATING 2026 2027 2028 2029 2030 HRV/MV (Heat Recovery Ventilation) REFRIGERATION 2026 2027 2028 2029 2030 Commercial refrigeration
Slide 33: Highlights Q1 2026 Results
HIGHLIGHTS Q1 2026 RESULTS
Slide 34: Highlights Q1
Highlights Q1 Margins remain resilient, while macro concerns persist Business environment still uncertain, with Positive Dynamics NET SALES YoY CHANGE in Brand Sales 111,2 M€ -7,6 M€ Cooking Division: continued growth in brand sales in North America, strong brand -6,4% (-4,8% organic) sales in EME
Slide 35: Sales Key Drivers & Regional Overview
Sales Key Drivers & Regional Overview Sales Key Drivers Sales by Business -7,6 M€ -6,4% 22% 118,8 -5,7 -1,9 Motors 111,2 -4,8% Cooking -1,6% 78% M€ Q1 2025 Organic Currency Q1 2026 Group Net Sales Net Sales Motors Cooking Q1 2025 27,6 91,2 118,8 OEM America destocking and FX negatively impact Cook
Slide 36: Net Financial Position
Net Financial Position €M Q1 2026 Q1 2025 VAR 5M€ Opening Balance delta driven by strategic projects carried out in the prior year (LY): Steel, Motor plant, China, Share Buyback OPENING NFP 68,8 57,0 (11,8) IFRS 16 EFFECT 16,6 10,2 6,4 Operating FCF negative due to lower EBITDA and CAPEX OPENING
Slide 37: Closing Remarks
CLOSING REMARKS
Slide 38: Our Mid-Term Vision
Our Mid-Term Vision OUR STRENGTHS Group 01 Strong Brand Reputation, Long term Customer Trust & Salesforce GEO presence > 500 M€ 02 Innovative Products (Design & Technology) REVENUES 03 Flexible Industrial Footprint (IT, PL, MEX) > 6% ADJ EBIT 04 Re-Sized Cost Base & Successful Cost Reduction Track R
Slide 39: Upside potential: M&A
Upside potential: M&A M&A aligned with business priorities and disciplined by cash generation 2021 2022 2023 2024 2025 July July July & November July Nov What’s next? «BOOTS ON THE Acquisition of EMC in the GROUND» Acquisition of 28% of Steel’s motors business, becoming a SEA start-up and Acquisitio
Slide 40: Disclaimer
Disclaimer This presentation may contain forward-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 reg
Slide 41: Thank you
Thank you : ae elica