Slide 1: H1 2026 Results
H1 2026 Results 17 September 2026 Ferrari Group PLC Unaudited
Slide 2: Disclaimer
2 | H1 26 Results Presentation Disclaimer This document may include statements that are, or may be deemed to be, ''forward - looking statements'', including its financial targets and obj ectives relating to the business, financial performance, results of operations, financial condition, liquidity, p
Slide 3: H1 26: Positive Momentum Across the Business
3 | H1 26 Results Presentation H1 26: Positive Momentum Across the Business • Strong organic revenue growth, supported by higher shipment value and volumes of goods transported • Strong momentum across strategic growth markets, with double-digit growth in North America & Brazil and Rest of the World
Slide 4: Strong Progress Against Strategy
4 | H1 26 Results Presentation Strong Progress Against Strategy Unlocking the potential of our expanded network Network Expansion New Service Segments Growing Share of Wallet UTILISATION Specialist capabilities established ahead to ▪ Increase our share of wallet with existing ~ 80% Mature locations
Slide 5: Financial Results Highlights
5 | H1 26 Results Presentation Financial Results Highlights Resilient performance during a period of continued investment Revenue: Adjusted EBITDA: Adjusted EBITDA margin: €187.3m €47.8m 25.5% +6.2%YoY at constant currency + 0.2% YoY H1 25: 26.6% Net Profit: Operating Cash Flow: Net Cash Position: €
Slide 6: Drivers of Group Revenue Growth
6 | H1 26 Results Presentation Drivers of Group Revenue Growth Robust organic revenue growth in a dynamic environment Revenue (€m) +4.3% YoY • Strong organic growth (+6.2%YoY at constant currency) across strategic markets with positive momentum in 11.2 0.2 shipment value and volumes of goods 187.3 -
Slide 7: Revenue By Service
7 | H1 26 Results Presentation Revenue By Service Positive demand trends across core activities Revenue (€m) and YoY Performance (%) Revenue Breakdown +3.8% 12% 122.5 5% 117.9 +11.6% -7.2% +2.9% 17% 32.3 65% 28.9 21.8 22.4 10.9 10.1 International Services Domestic Services Warehouse & Logistics Spec
Slide 8: Revenue By Geography
8 | H1 26 Results Presentation Revenue By Geography Continuing strong momentum in NAM and Rest of the world Revenue (€m) and YoY Performance (%) Revenue Breakdown +3.9% 12% 105.3 109.4 15% -10.0% +17.5% +10.7% 58% 29.0 26.1 24.3 28.6 23.2 14% 20.9 Europe Asia NAM & Brazil Rest of the world Europe As
Slide 9: Adjusted EBITDA Margin
9 | H1 26 Results Presentation Adjusted EBITDA Margin Broadly stable margins despite investment for growth Key Notes • Profitability remains robust with margins Adj. EBITDA 26.6% 25.5% reflecting investment already made while Margin (% of Revenue) activity across newer hubs continues to build Adj. E
Slide 10: Adjusted EBITDA Margin Evolution
10 | H1 26 Results Presentation Adjusted EBITDA Margin Evolution Reflects continued expansion across network and capabilities % of Revenue (%) • Impact from personnel costs increase as a 26.6% 0.3% 25.5% % of revenue reflects new operations in South East Asia and investment in -1.4% capabilities acr
Slide 11: Disciplined Cost Management
11 | H1 26 Results Presentation Disciplined Cost Management Despite continued expansion of operations and expertise Key Notes • Lower Costs for services driven by Operating Expenses 78.8% 76.5% decrease in legal and administrative (% of Revenue) consultancy fees, reflecting non- Operating Expenses (
Slide 12: Steady Investment for Growth
12 | H1 26 Results Presentation Steady Investment for Growth Stable capex focused on key growth initiatives Key Notes Adj. Cash Conversion Rate (*) 87.3% 86.5% • Tangible capex reflects investment in new hubs, warehouses and vaults across France, New Zealand, UK, and Vietnam Capital Expenditure (€m)
Slide 13: Robust Cash Flow
13 | H1 26 Results Presentation Robust Cash Flow Strong cash generation supports growing dividend payout Cash Flow (€m) Key Notes -10.1% • Enhanced Cash from operating activities driven by EBITDA growth • Decline in Cash used in investing 30.2 activities driven by investment in tangible (6.2) and in
Slide 14: Net Financial Position
14 | H1 26 Results Presentation Net Financial Position Consistently strong cash generation despite payment of dividend and increase in lease liabilities Key Notes • YoY decrease in net cash position of Net Financial Position* (€m) 101.9 78.0 €23.9m 4.5 • Reduction in cash of €14.3m, due to 3.1 €30.6
Slide 15: Capital Allocation Priorities
15 | H1 26 Results Presentation Capital Allocation Priorities Reinvest for growth, maintain balance sheet strength, deliver sustainable shareholder returns 1 2 3 4 Reinvestment for Growth Balance Sheet Resilience Sustainable Ordinary Return of Excess Capital Dividend • Network, technology & digital
Slide 16: 2026 Objectives
16 | H1 26 Results Presentation 2026 Objectives Revenue growth guidance tightened to 4-6% Financial Metrics 2026 Objectives Key Notes: • Operating environment remains impacted by ongoing uncertainties • Limited visibility regarding the duration and implications of the Middle East conflict 4%-6% Reve
Slide 17: Q&A Session
17 | H1 26 Results Presentation Q&A Session
Slide 18: 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