Dexelance · MIL:DEX
Dexelance — Investor Presentation (July 2025)
29 slides from Dexelance's investor presentation, July 2025
Slide 1: Dexelance Investor Presentation July 2025
DE XELANCE CRAFTING DESIGN FOR EXCELLENCE INVESTOR PRESENTATION July 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: Key financials
(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: Group companies and acquisitions
(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. (3) Signing of a binding agreement on June 24th and July 10th, respectively.
Slide 6: Group revenue weights by segment
• • • • • • • • • • • • • (1) Approximate weight calculated on 2024 «proforma» numbers, assuming retroactive inclusion of Roda and Mohd for 12 months.
Slide 7: Reference market segments
| ~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: Proven growth track record, organic and M&A
.and with a proven (and above reference market) growth track record, thanks to both organic and M&A opportunities Core HEDF market evolution (€bn | 2015-2024) +4/5% 48 ay 46 ~4% —_—__, 43 38 34 35 36 35 32 CAGR 415-'24E 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024E Dexelance evolution (€m | 201
Slide 9: Revenue incidence and retail presence
• (1) % incidence calculated on 2024 full revenue. (2) Milan: Gervasoni, Meridiani, Davide Groppi, Turri. London: Meridiani, Turri. New York: Meridiani, Davide Groppi, Gervasoni, Turri.
Slide 10: • (10) (20) (30) ▪ ▪ ▪ ▪ ▪
• 30 20 10 0 (10) (20) (30) ▪ ▪ ▪ ▪ ▪ 10
Slide 11: Value-added strategy leveraging Group structure and network
¢ Peculiar value-added strategy, leveraging on Group structure and network Apartnership model based on alignment of interests. designed to preserve companies’ autonomy and DNA to realize full growth potential and access to synergies. At Dexelance individuality harmonizes with a unified vision, foste
Slide 12: 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 March 2025.
• • • (1) Last update: 31 March 2025. 13
Slide 14: Recent updates
Recent updates and F1Q 2025 results BE XELANCE
Slide 15: Binding agreement with Roda
On June 24", Dexelance signed a binding agreement with Roda, entering one of the most promising segments in the industry — Outdoor - through the shared vision with a prestigious and undisputed leader in the market BDEXELANCE Founded in Gavirate (VA) in 1994, Roda is today an extremely prestigious pl
Slide 16: Binding agreement with Mohd
On July 10, Dexelance announced the signing of a binding agreement with Mohd, a leader company in high-end design distribution with a unique and highly innovative omnichannel business model BDEXELANCE Founded in Messina (VA) in 1968, Mohd is able to reach and inspire a global clientele, offering one
Slide 17: Financial highlights
• • (1) Computed as Reported EBITDA + non-recurring costs + M&A transaction 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 Adjusted EBITDA – CAPEX)/Full Adjusted EBITDA.
Slide 18: Gamma Arredamenti Shanghai store restyling
Gamma Arredamenti restyled the Shanghai store @Tiamantii playing multiple new products: the space reinforces the brand's international pre >| > 2 sts 2gic markets for high-e Gamma Arredamenti @Shanghai | In collaboration with Tiamantti BDEXELANCE
Slide 19: Meridiani
® MERIDIANI oration with Omobito BDEXELANCE 19
Slide 20: Trade fair
TRADE FAIR (1) Source: areapress.salonemilano.it
Slide 21: Discover the new Turri identity
Discover the new Turri identity
Slide 22: Meridiani virtual canvas generative AI platform
As part of the trade fairs stand exhibition, Meridiani presented a “virtual canvas” displayed on screen: starting from the uploaded picture of a blank room, visitors could interact with the software — developed and presented by Dexelance — to create real-time endless digital renderings of their idea
Slide 23: Q1 2025 financial results: Profit & Loss
2025 financial results: overall resiliency in revenue, despite challenging market conditions. Increased Group cost base as a result of recent multiple strategic and long-term investments Profit & Loss | €m Revenue Other income Total Revenue Operating Costs Added Value Personnel Costs Adj. EBITDA. D&
Slide 24: Revenue breakdown by SBA
As expected, Luxury Contract is normalizing after the all-time record signed in Q4 and FY 2024. Residential areas partially catching-up, with stronger contribution from Cubo Design and the lighting businesses Revenue FIQ94_ HQ A breakdown 5 9, by SBA |€m Fumiture 30.9 29.7 -3,9% Lighting 77 84 — +9.
Slide 25: Revenue breakdown by channel
BDEXELANCE Retail 38.0 Soft Contract 13.4 Hard contract 24,4 TOTAL 72,7 Channel %incidence - F 1Q 25 39.0 13.7 19.4 724 +2.6% +2,9% -9,4% -0,9% 25
Slide 26: Revenue breakdown by region
Solid performance in the domestic market. as well as confirmed increasing global reach despite overall consumption trends. Steep shifts in sales between North America, Europe and ROW are mostly driven by luxury contract projects’ dynamics Revenue breakdown by region |€m BDEXELANCE Italy 16.6 Europe
Slide 27: Net financial position
Net bank debt 20.5 (5.2) 13.2 Including €41,6m cash Minorities*, earnouts* and others TAL 66.9 67.9 ocean benndebt IFRS16 (accounting item) 33.9 35.9 38,0 | (mostly long term) PFN PBB 97.6 9A PFN (ex IFRS16) 94.9 617 811 * only subject to figurative interest totalFY24 capex €7,9(€4,9 growth capex &
Slide 28: Outlook
Single-digit growth 92.0 " |] Luxury Contract BDEXELANCE 28
Slide 29: Dexelance group brands and locations
DE XELANCE Italia Cina UK USA GERVASONI 1882 C=NACCHI! MITON) VERY wood davide groppi FLEXALIGHTING MERIDIANI sebe" Axelight