Ferrari Group Plc · EURONEXT:FERGR
Ferrari — H1 2025 Earnings Presentation
16 slides from Ferrari's earnings presentation, Sep 24, 2025
Slide 1: H1 2025 Results
H1 2025 Results 24 Sep 2025 Ferrari Group PLC Unaudited
Slide 2: Disclaimer
2 | H1 25 Results Presentation Disclaimer This document may include statements that are, or may be deemed to be, ''forward-looking statements'', including its financial targets and objectives relating to the business, financial performance, results of operations, financial condition, liquidity, pros
Slide 3: Today’s Presenters
3 | H1 25 Results Presentation Today’s Presenters Marco Deiana Alessandro Ugo Chief Executive Officer Chief Financial Officer
Slide 4: H1 Highlights
4 | H1 25 Results Presentation H1 25 Highlights • Robust revenue growth across service portfolio demonstrates business model resilience • Sustained market volatility across footprint, with weakness in China among key factors affecting performance • Strong focus on global footprint expansion with hea
Slide 5: Financial Highlights
5 | H1 25 Results Presentation Financial Highlights Successful execution drives sustained growth momentum Revenue (€m) Adj. EBITDA (€m) & Net Financial Position* (€m) Adj. EBITDA Margin (%) 179.6 26.6% 100.6 47.7 26.4% 173.1 45.7 87.0 H1 24 H1 25 H1 24 H1 25 FY 24 H1 25 +3.8% YoY +4.4% YoY + €13.6m
Slide 6: Robust Organic Revenue Growth
6 | H1 25 Results Presentation Robust Organic Revenue Growth 4.0% organic growth supported by all segments Revenue (€m) Key Notes +3.8% YoY • Revenue growth achieved despite challenging market conditions in luxury goods 6.9 0.0 179.6 -0.4 173.1 H1 24 Organic Perimeter Currency H1 25 Growth Impact Ef
Slide 7: Revenue By Service
7 | H1 25 Results Presentation Revenue By Service Positive momentum across services Revenue (€m) and YoY Performance (%) Revenue Breakdown +3.1% 12.1% 114.4 117.9 6.1% +6.7% +1.1% +5.0% 16.1% 27.1 28.9 21.8 65.7% 20.7 10.8 10.9 International Services Domestic Services Warehouse & Logistics Special a
Slide 8: Revenue By Geography
8 | H1 25 Results Presentation Revenue By Geography Europe Remains a Key Growth Driver With Continued Expansion Across the Rest of the World Revenue (€m) and YoY Performance (%) Revenue Breakdown +6.8% 12% 98.6 105.3 14% -8.5% +3.5% +9.0% 59% 31.7 29.0 23.5 24.3 19.2 20.9 16% Europe Asia NAM & Brazi
Slide 9: Sustained Profit Generation
9 | H1 25 Results Presentation Sustained Profit Generation Underpinned by resilient business model Key Notes • Robust profitability with 20-bps margin Adj. EBITDA uplift as stronger revenues fully offset Margin (% of Revenue) 26.4% 26.6% higher personnel cost 47.7 • EBITDA growth also supported by p
Slide 10: Disciplined Cost Management
10 | H1 25 Results Presentation Disciplined Cost Management Focus on profitable growth Key Notes • Lower rate of increase in cost of Operating Expenses 75.0% 78.8% services2 relative to revenue (% of Revenue) • Efforts to consolidate shipments Operating Expenses (€m) 129.8 141.5 reflected in lower s
Slide 11: Steady Investment for Growth
11 | H1 25 Results Presentation Steady Investment for Growth Stable capex focused on key growth initiatives Key Notes • Additions to Fixed Assets for H1 25 Adj. Cash Conversion Rate (*) 86.3% 87.3% reflecting the group’s continued footprint expansion Capital Expenditure (€m) • Capex related to Intan
Slide 12: Sustained Cash Flow Generation
12 | H1 25 Results Presentation Sustained Cash Flow Generation Underpinned by robust EBITDA growth Cash Flow (€m) Key Notes +11.3% • Enhanced Cash from operating activities driven by EBITDA growth • Decline in Cash used in investing activities driven by investment in tangible and intangible assets 3
Slide 13: Enhanced Net Financial Position
13 | H1 25 Results Presentation Enhanced Net Financial Position Robust performance reflected in healthy balance sheet Key Notes Net Financial Position* (€m) 87.0 100.6 • €13.6m growth in net cash position 4.2 8.9 • €13.0m higher cash • No significant financial liabilities other than lease liabilitie
Slide 14: Outlook Unchanged
14 | H1 25 Results Presentation Outlook Unchanged Full year and medium-term targets Financial Metrics 2025 Objectives Medium Term Revenue growth In line with FY24 revenue 6 – 8% growth Adj. EBITDA Margin 26.5% 27 – 29% Capital Expenditure Ordinary capex1 stable Ordinary capex of 2% of revenues We re
Slide 15: Q&A Session
15 | H1 25 Results Presentation Q&A Session
Slide 16: Thank you for your attention
Thank you for your attention For more information, please contact: Paola Mantovani | Head of Investor Relations ir@ferrarigroup.net www.ferrarigroup.net