Colt Cz Group Se · PSECZ:COLT
Colt Cz — 9M 2025 Earnings Presentation
25 slides from Colt Cz's earnings presentation, 2025
Slide 1: Colt CZ Group SE Financial Results 9M 2025
COLT CZ GROUP SE FINANCIAL RESULTS 9M 2025 INVESTOR PRESENTATION
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING This presentation (the “Presentation”) has been prepared by Colt CZ Group SE, with its registered office at náměstí Republiky 2090/3a, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the Commercial
Slide 3: Agenda and Today's Presenters
AGENDA AND TODAY'S PRESENTERS AGENDA PRESENTERS RADEK MUSIL 1 9M 2025 AT A GLANCE Vice-chairman of the Board of Directors CEO of Colt CZ Group SE 2 FINANCIAL HIGHLIGHTS JAN ZAJÍC Member of the Board of Directors CEO of Česká zbrojovka a.s. 3 2025 GUIDANCE VLADIMÍR RADA Member of the Board of Directo
Slide 4: 9M 2025 at a Glance
9M 2025 AT A GLANCE REVENUES ADJUSTED EBITDA CZK 16,071 m CZK 3,432 m ↑ 7.3% vs 9M 2024 ↑ 13.6% vs 9M 2024 LTM: CZK 24,079 m LTM: CZK 6,156 m ADJUSTED NET PROFIT ADJUSTED EPS CZK 1,445 m CZK 25.6 ↑ 11.8% vs 9M 2024 ↓ 11.6% vs 9M 2024 LTM: CZK 2,233 m LTM: CZK 39.5 S & B a cqu i s i ti on - P P A I M
Slide 5: Comments on 9M 2025 Performance
COMMENTS ON 9M 2025 PERFORMANCE Revenues of CZK 16.1bn and EBITDA of CZK 3.4m consistent with indication shown in guidance last quarter. Growth across all financial metrics, including improvement of overall margin, supported primarily by acquisition-driven margin improvement. Ammunition segment deli
Slide 6: Revenues – Main Markets in Europe and USA
REVENUES – MAIN MARKETS IN EUROPE AND USA REVENUE BREAKDOWN BY GEOGRAPHY REVENUE BREAKDOWN BY GEOGRAPHY – SEGMENTS In % of total revenues In % of total revenues 59% 54% 42% 36% 33% 24% 20% 14% 15% 13% 12% 11% 7% 7% 7% 7% 8% 5% 4% 4% 3% 5% 4% 1% 1% 2% 1% 1% USA Czech Rep. Canada Europe Asia Other Afr
Slide 7: Customer Segments
CUSTOMER SEGMENTS 9M 2024 REVENUES BY TYPE OF CUSTOMER 9M 2025 FIREARMS1 FIREARMS1 37% 46% 54% 63% 9M 49% 9M 47% 51% 2024 53% 2025 AMMUNITION1 AMMUNITION1 43% 42% 57% 58% Commercial Military and Law Enforcement Notes: 1 – In percentage of total revenues 7
Slide 8: Higher Seasonality and US Commercial Market Slowdown
HIGHER SEASONALITY AND US COMMERCIAL MARKET SLOWDOWN BREAKDOWN BY FIREARMS UNITS SOLD CZ BRAND In ‘000 units In ‘000 units +5% 277 292 -10% 126 131 463 415 146 166 194 9M 2024 9M 2025 165 COLT BRAND In ‘000 units -34% 186 269 250 63 123 39 123 84 9M 2024 9M 2025 9M 2024 9M 2025 Short guns Long guns
Slide 9: Adjusted Net Profit
ADJUSTED NET PROFIT NET PROFIT EARNINGS PER SHARE In CZK m In CZK +18.0% -6.6% 1,900 36.1 33.7 455 7.1 8.1 1,610 455 318 118 2.1 2,1 13.1 583 1,327 23.5 15.9 709 9M 2024 9M 2025 9M 2024 9M 2025 Adjusted by SB PPA amortization Adjustments Financial statements 9
Slide 10: Capex in Line with 2025 Guidance
CAPEX IN LINE WITH 2025 GUIDANCE CAPITAL EXPENDITURES1 CAPEX GEOGRAPHICAL SPLIT CZK m/% In CZK m Guidance2 4.8% 5.9% 4.7% 6.2% 4.1% 3.6% ≤ 5.0% -10.7% 1,100 – 1,300 39 924 921 87 120 680 633 586 9M 2024 9M 2025 200 369 331 427 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 9M 2025 FY 2025e CAPEX CAPEX/Reve
Slide 11: Indebtedness
INDEBTEDNESS EXPECTED DEBT MATURITY PROFILE (INC. ACQUISITION FINANCING) NET FINANCIAL DEBT1 & NET LEVERAGE RATIO2 In CZK bn/EUR m In CZK m EUR m CZK bn 2,80 200 5 000 4 517 2,34 2,24 4 000 150 3 000 3 000 100 1,20 11 975 11 791 1 998 2 000 7,465 51 51 51 51 46 50 2 685 1 000 3 670 20 0 0 2025 2026
Slide 12: Revised 2025 Guidance
REVISED 2025 GUIDANCE REVENUES EBITDA CZK 23-24.5 bn CZK 4.5-4.8 bn Six-week shutdown of U.S. federal government was main driver for revision of 2025 guidance. Indicative split per quarters (updated) CZK bn Q1 Q2 Q3 Q4 Revenues 5.5 5.5 5.0 7 - 8.5 Adj. EBITDA 1.2 1.1 1.1 1.1 - 1.4 Notes: Guidance is
Slide 13: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION Al WY COLT CZGROUP
Slide 14: Appendix
APPENDIX COLT CZGROUP Wy,
Slide 15: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION In CZK ‘000 9M 2025 9M 2024 Operating profit 2 269 895 1 241 021 Depreciation and amortization 1 153 762 1 003 325 EBITDA 3 423 657 2 244 346 ESOP related costs 43 507 402 456 M&A costs 20 100 962 Legacy costs 5 573 - S&B inventory step up 23 664 330 000 S&B commodity
Slide 16: Adjusted Net Profit Reconciliation
ADJUSTED NET PROFIT RECONCILIATION In CZK ‘000 9M 2025 9M 2024 Earnings before tax 1 705 248 920 864 Tax expenses (378 107) (212 207) Net income 1 327 141 708 657 ESOP related costs 43 507 402 456 M&A costs 20 100 962 Legacy cost 5 573 - S&B inventory step up 23 664 330 000 S&B commodity hedging (84
Slide 17: Net Interest Costs Guidance
NET INTEREST COSTS GUIDANCE In CZK ‘000 000; G 2025 Interest expenses 907 Hedging impact (112) Deposit revenues (158) Net interest costs 637 Effective interest rate 3,75% ASSUMPTIONS Stable FX rate EUR/CZK No extraordinary debt repayment Stable market interest rates No additional debt financing incl
Slide 18: Consolidated Profit and Loss Statement
CONSOLIDATED PROFIT AND LOSS STATEMENT In ‘000 CZK 30 Sep 2025 30 Sep 2024 Revenues from the sale of own products, goods and services 16 070 556 14 971 895 Change in inventories developed internally 1 335 535 67 498 Raw materials and consumables used (8 194 157) (7 768 744) Personnel costs (3 659 11
Slide 19: Consolidated Balance Sheet 1/2
CONSOLIDATED BALANCE SHEET 1/2 In CZK ‘000 30 Sep 2025 31 Dec 2024 ASSETS Non-current assets Intangible assets 9 570 015 10 403 416 Goodwill 9 057 800 8 489 707 Property, plant and equipment 9 784 079 9 582 545 Equity-accounted securities and investments 48 662 44 102 Financial derivatives 930 710 4
Slide 20: Consolidated Balance Sheet 2/2
CONSOLIDATED BALANCE SHEET 2/2 In CZK ‘000 30 Sep 2025 31 Dec 2024 EQUITY AND LIABILITIES Capital and reserves Share capital 5 646 5 646 Share premium 13 477 795 13 477 795 Capital funds 1 641 512 1 641 512 Cash flow hedge reserve 336 698 (203 494) Foreign exchange translation reserve (461 222) (68
Slide 21: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT In ‘000 CZK 30 Sep 2025 30 Sep 2024 Cash flows from principal economic activity (operating activity) Profit from ordinary activity before tax 1 705 248 920 864 Depreciation/amortization of non-current assets 1 153 762 1 003 325 Change in allowances and provisions 76
Slide 22: Acquisition of Sellier & Bellot – D&A Impact
ACQUISITION OF SELLIER & BELLOT – D&A IMPACT D&A IMPACT In CZK m 1,479 - - - 620 609 603 601 - 340 802 50 - 802 859 - - - - - FY 2023 FY 2024 2025e 2026e 2027e 2028e-2039e 2040e-2044e D&A D&A PPA COMMENTS Increase in Amortization due to Purchase Price Allocation of S&B acquisition significantly affe
Slide 23: NCS Pro-Forma Impact 2025
NCS PRO-FORMA IMPACT 2025 REVENUES NET LEVERAGE RATIO EXPECTED TIMING Signing 8/2025 >15% 2,7x 2,5x NCS Closing 11/2025 – Q1 2026 Carve-out of energy business into a Revenues 2025e Pro-forma revenues 2025 6M 2025 Pro-forma 2025 separate company Net debt Net leverage ratio Acquisition of 51% in energ
Slide 24: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 100% Colt CZ Group SE 291 51 961, Czech Republic 100% 100% 100% 100% 100% 100% 100% 100% 100% Colt CZ Defence Česká zbrojovka Colt CZ Insurance Colt CZ Group swissAA CZG VIB Colt CZ Group Sellier & Bellot EHC-4M, Solutions s.r.o. a.s. Limited International s.r.o. Holding AG s
Slide 25: Thank You
THANK YOU Colt CZ Group SE náměstí Republiky 2090/3a 110 00 Prague 1, Czech Republic www.coltczgroup.com info@coltczgroup.com