Slide 1: FY25 Results Presentation
FY25 Results Presentation 9 April 2026 Ferrari Group PLC
Slide 2: Disclaimer
2 | FY25 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, prosp
Slide 3: Today's Presenters
3 | FY 25 Results Presentation Today’s Presenters Marco Deiana Alessandro Ugo Chief Executive Officer Chief Financial Officer
Slide 4: Agenda
4 | FY25 Results Presentation Agenda 01 FY25 Highlights 02 Financial Performance 03 Outlook 04 Appendix
Slide 5: FY25 Highlights
FY25 Highlights Marco Deiana, Chief Executive Officer
Slide 6: Robust 2025 Financial Performance
6 | FY25 Results Presentation Robust 2025 Financial Performance Leveraging resilient business model to navigate dynamic market environment Robust organic revenue growth reflects effective strategy execution despite a volatile geopolitical Revenue: +4.8%YoY environment and mixed performance across th
Slide 7: Consistent Delivery Against Strategy
7 | FY25 Results Presentation Consistent Delivery Against Strategy Strong operational execution throughout 2025 Geographic Business Digital Leadership Expansion Wins Transformation Strengthening Enhancing the Company’s Client Wins and IT Digital Regionally Focused Leadership Global Footprint Offerin
Slide 8: Scalable Global Presence
8 | FY25 Results Presentation Scalable Global Presence Continued growth across our footprint 2025 Expansion − Europe: Expansion at Schiphol Airport, Amsterdam and ongoing refurbishment at CDG Airport, Paris − Asia: New logistics hub dedicated to watch manufacturer in Bangkok, Thailand, new office an
Slide 9: Reinforced Execution Capability
9 | FY25 Results Presentation Reinforced Execution Capability Significant investment in talent in 2025 2,173 Employees FY25 13% 30% 11% +4.3% vs FY24 Retention rate 82% +2.5% vs FY24 Asia 46% Europe NAM Rest of World
Slide 10: Continued Focus on Sustainability
10 | FY25 Results Presentation Continued Focus on Sustainability Advancing toward our 2030 ESG targets Environment Social Governance • 40% of the Group’s entities received ISO 14001 • People-centric strategy fostering inclusion, • Integrity-led governance reinforcing certification engagement and lon
Slide 11: Financial Performance
Financial Performance Alessandro Nicolo Ugo, Chief Financial Officer
Slide 12: Financial Results Highlights
12 | FY25 Results Presentation Financial Results Highlights Steady growth driven by successful execution Revenue (€m) Adj. EBITDA (€m) & Net Financial Position* (€m) Adj. EBITDA Margin (%) 26.0% 359.4 101.9 93.3 26.5% 87.0 348.8 92.4 FY24 FY25 FY24 FY25 FY24 FY25 +3.0% YoY +1.0% YoY + €14.9m • Stron
Slide 13: Solid Organic Revenue Growth
13 | FY25 Results Presentation Solid Organic Revenue Growth Reflecting strong commercial momentum and execution in a dynamic environment Revenue (€m) +3.0% YoY • Strong revenue growth achieved at constant currency despite dynamic market 16.8 0.0 conditions in luxury goods 359.4 348.8 -6.1 • FX fluct
Slide 14: Revenue By Service
14 | FY25 Results Presentation Revenue By Service Robust performance across service lines reflects route network expansion Revenue (€m) and YoY Performance (%) Revenue Breakdown +2.5% 11% 230.5 236.3 6% +4.2% -0.5% 6.7% 17% 57.4 59.8 66% 38.5 41.1 22.3 22.2 International Services Domestic Services W
Slide 15: Revenue By Geography
15 | FY25 Results Presentation Revenue By Geography Europe remains central to growth amid global expansion Revenue (€m) and YoY Performance (%) Revenue Breakdown +4.4% 12% 203.4 212.4 14% -7.3% +5.3% +8.4% 59% 58.3 54.1 47.5 50.0 15% 39.5 42.8 Europe Asia NAM & Brazil Rest of the world Europe Asia N
Slide 16: Sustainable and Resilient Profit Generation
16 | FY25 Results Presentation Sustainable and Resilient Profit Generation Broadly stable margins despite investment for growth Key Notes • Consistently high profitability with Adj. EBITDA 26.5% 26.0% growth of Adj. EBITDA up 1% and Margin (% of Revenue) margins at 26% • Stronger revenues partially
Slide 17: Disciplined Cost Management
17 | FY25 Results Presentation Disciplined Cost Management Clear focus on profitable growth despite ambitious growth projects Key Notes • Increase in Costs for services (mainly Operating Expenses 75.3% 81.7% shipping costs) in line with business (% of Revenue) expansion and internalisation of Operat
Slide 18: Steady Investment for Growth
18 | FY25 Results Presentation Steady Investment for Growth Stable capex focused on key growth initiatives Key Notes • FY25 fixed asset additions reflect Adj. Cash Conversion Rate (*) 86.3% 85.3% continued footprint growth within an asset-light model • Intangible capex primarily reflects Capital Exp
Slide 19: Robust Cash Flow
19 | FY25 Results Presentation Robust Cash Flow EBITDA momentum drives cash flow growth Cash Flow (€m) Key Notes +22.9% • Enhanced Cash from operating activities driven by EBITDA growth • Decline in Cash used in investing activities driven by investment in tangible and intangible assets 81.6 62.6 •
Slide 20: Enhanced Net Financial Position
20 | FY25 Results Presentation Enhanced Net Financial Position Robust performance reflected in healthy balance sheet Key Notes • €15m growth in net cash position Net Financial Position* (€m) 87.0 101.9 • €27m higher cash, partially offset by increase in lease liabilities 4.5 8.9 • Proposed dividend
Slide 21: Outlook
Outlook Marco Deiana, Chief Executive Officer
Slide 22: Priorities for 2026
22 | FY25 Results Presentation Priorities for 2026 money Increase Existing Share of Wallet Network Expansion Expansion into New Segments Leverage new regionally-focused Complete operational rollout of 2025 Leverage capabilities in hard luxury leadership model to increase share of launches and execut
Slide 23: Guidance
23 | FY25 Results Presentation Guidance Key Notes: Financial Metrics 2026 Objectives Mid-Term Market outlook: • Operating environment remains impacted by ongoing uncertainties Revenue 3%-6% (at constant currency) 6 – 8% (at constant currency) • Limited visibility regarding the duration and implicati
Slide 24: Key Takeaways
24 | FY25 Results Presentation Key Takeaways 1. Robust performance despite dynamic market conditions reflects resilient business model 2. Consistent strategy execution driving global footprint expansion, service offering growth, and digital transformation 3. Clear focus on profitable growth underpin
Slide 25: 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