Cirsa Enterprises, S.a.u. · BME:CIRSA

Cirsa Enterprises, S.a.u — Cirsa — Q1 2026 Earnings Presentation

16 slides from Cirsa Enterprises, S.a.u's earnings presentation, May 21, 2026

  1. Slide 1: Otra información relevante – CNMV notice

    De conformidad con el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, Cirsa Enterprises, S.A. (“CIRSA” o la “Sociedad”), por la presente comunica la siguiente: OTRA INFORMACIÓN RELEVANTE CIRSA remite documentación de soporte a la presentació

  2. Slide 2: Q1 26 Results Presentation

    Q1 26 Results Presentation May 21st, 2026

  3. Slide 3: Agenda

    Agenda Q1 26 Highlights Business Overview Financial Position Outlook & Conclusion 2

  4. Slide 4: Q1 26 Highlights | Solid Business Growth

    Q1 26 Highlights | Solid Business Growth / Q1 2026 Results – A strong start of the year ▪ Net Revenues €623m +8.0% y-o-y, (+9.5% ex-FX) 71 consecutive quarters of growth ▪ EBITDA reaching €194m, a +8.5% y-o-y, (+10.8% ex-FX) ▪ Adjusted Net profit growth by 33% led by EBITDA and financial savings €62

  5. Slide 5: Strong revenues growth across all our businesses

    Q1 26 Highlights | Strong revenues growth across all our businesses / Total Net Revenues ex-FX growing at +9.5% / Well-balanced growth across channels ▪ Latam region growing a +15.8% (ex-Fx) ▪ Retail delivering +9.3% growth ex-FX, driven by strong organic performance of +6.6% ▪ Strong performance of

  6. Slide 6: Q1 26 Highlights | Strategic Execution on-track

    Q1 26 Highlights | Strategic Execution on-track / Stronger financial position, ready for growth ▪ Leverage ratio virtually at steady state level (2.6x) Fully on-track to meet high-end of our 2026 guidance ▪ Achieved strong reduction of financing costs (>€60m) and more to come Net Revenues EBITDA (%

  7. Slide 7: Agenda

    Agenda Q1 26 Highlights Business Overview Financial Position Outlook & Conclusion 6

  8. Slide 8: Business Overview | Strong growth levered on leadership position

    Business Overview | Strong growth levered on leadership position / Q1 2026 figures with superior performance / Our leadership position & diversification enables growth ▪ Organic growth above our long-term forecasts supported by ▪ Consistent & recurrent year on year growth delivery during accretive c

  9. Slide 9: Business Overview | Retail Activities

    Business Overview | Retail Activities ⁄ Retail Net Revenues +9.3% ex-FX and EBITDA +13.3% ex-FX Retail Activities – Net Revenues bridge (€m) +9.3% V. +8.0% V. 492 ⁄ EBITDA margin expansion to 36.2% (+110 bps) 12 486 30 (6) +2.7% V. ⁄ Solid organic growth: Net Revenues +6.6% and EBITDA +10.4% 450 +6.

  10. Slide 10: Business Overview | Online activities

    Business Overview | Online activities / Online segment delivers excellent organic Turnover growth of Online G&B – Turnover Online G&B – Net Revenues (€m) (€m) +22.4%, with Casino growing +23.9% and Sports Bets at +19.7% 2,892 +22.4% V. 143 / Customer experience and product enhancement driving Turnov

  11. Slide 11: Agenda

    Agenda Q1 26 Highlights Business Overview Financial Position Outlook & Conclusion 10

  12. Slide 12: Financial Position | Strong EBITDA margin funding company's Growth

    Financial Position| Strong EBITDA margin funding company’s Growth / Sustained > 30% EBITDA margin across time In €m Q1 2025 Q1 2026 % V. / Group has accelerated its planed capex deployment of the year Net Operating Revenue 577 623 8.0% as main booster for organic growth in its retail activities EBIT

  13. Slide 13: Financial Position | Leverage virtually at steady-state levels

    Financial Position| Leverage virtually at steady-state levels / Strong reduction of financial expenses / Clear deleveraging trend ▪ 2025 IPO, debt management and refinancing have led to ▪ Stable overall debt level even with current acceleration of significant financial costs reduction capex ▪ Yearly

  14. Slide 14: Agenda

    Agenda Q1 26 Highlights Business Overview Financial Position Outlook & Conclusion 13

  15. Slide 15: Outlook & Conclusion

    Outlook & Conclusion| / Cirsa’s strategy and management execution continue to deliver strong and consistent results across economic cycles / 2026 Guidance well on track ▪ 71 consecutive quarter of EBITDA growth €2,500 – 2,560m Net revenues +7% -9.5% V. / 2026: another year with strong growth opportu

  16. Slide 16: CIRSA

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Cirsa — Q1 2026 Earnings Presentation on 6ix