Dexelance · MIL:DEX
Dexelance — Q1 2025 Earnings Presentation
30 slides from Dexelance's earnings presentation, May 12, 2025
Slide 1: Interim Financial Information as at 31 March 2025
DE XELANCE INTERIM FINANCIAL INFORMATION AS AT 31MARCH 2025 12 MAY 2025, 48.00 - 19.00 (CET)
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation’) has been prepared by Dexelance S.p.A. (the “Company” and together with its subsidiaries, the “Group’) for information purposes only and should not be reproduced or redistributed. The Presentation does not constitute an offer to sell or a solicitation
Slide 3: Presenters
a\ A Chief Executive Officer Managing Director Chief Financial Officer Corporate Development & IR Manager
Slide 4: Q1 2025 financial highlights
3 months 2025 financial highlights: Group’s balanced exposure to SBAs, channels and geographies confirms stable revenue. Profitability influenced by quarterly shifts in luxury contract and by carryover of recent investments in organizational strenghtening and sales&marketing projects Actual Revenue
Slide 5: Meridiani and Saba at Maison&Objet in the City, Paris
Meridiani and Saba participated @°’Maison&Objet in the City” in Paris, dedicating the layout of their respective flagship stores to some of the latest creations Saba | Simposioby Studiopepe
Slide 6: Gamma Arredamenti restyled the Shanghai store
Gamma Arredamenti restyled the Shanghai store @Tiamantii playing multiple new products: the space reinforces the brand's international pre >| > 2 sts 2gic markets for high-e Gamma Arredamenti @Shanghai | In collaboration with Tiamantti
Slide 7: Meridiani
® MERIDIANI oration with Omobito
Slide 8: & § S 3s & £ = € s = g g £ =
& § 8 S 3s 4 & £ = € s = 5 g g 8 £ = & = @ fA s
Slide 9: Trade fair visitors
TRADE FAIR, Visitors! ~ 302,000 in line with the 2023 Euroluce edition Intl. presence? ~ 68% (1) Source: areapress.salonemitanait
Slide 10: MOON is more than just a lamp
MOON is more than just a lamp Itis a vision, suspended in time. a dream fragment which materializes in the light. The moon is a space to inhabit, observe and imagine. Aplace that belongs to us and yet at the same time escapes us, just like light. Davide Groppi spaces become a window on a suspended l
Slide 11: Turri celebrates the 100th anniversary at Salone del Mobile
Slide 12: Saba & Davide Groppi joined the project Orizzonti
#DEX@Salone del Mobile.Milano & Fuorisalone: Saba & Davide Groppi joined the project “Orizzonti’ at the Brera Design Apartment by Zanellato/Bortotto, giving shape to a tale made of design, refined materials, magic light and evocative memory 12
Slide 13: Meridiani virtual canvas generative AI platform
As part of the trade fairs stand exhibition, Meridiani presented a “virtual canvas” displayed on screen: starting from the uploaded picture of a blank room, visitors could interact with the software — developed and presented by Dexelance — to create real-time endless digital renderings of their idea
Slide 14: Roda's unique positioning and partnership
Roda’s unique positioning. identity, and recognizability have made the brand an extremely prestigious player in the world of outdoor furniture, the first to develop a comprehensive vision of the “outdoor world” as a new protagonist of the new modern and dynamic lifestyle The company, together with i
Slide 15: Q1 2025 financial results
3 months 2025 financial results: overall resiliency in revenue, despite challenging market conditions. Increased Group cost base as a result of recent multiple strategic and long-term investments Profit & Loss | &m Revenue Other income Total Revenue Operating Costs Added Value Personnel Costs Adj. E
Slide 16: Revenue breakdown by SBA
As expected, Luxury Contract is normalizing after the all-time record signed in Q4 and FY 2024. Residential areas partially catching-up, with stronger contribution from Cubo Design and the lighting businesses Revenue FIQ94_ HQ A breakdown 5 9, by SBA |€m Fumiture 30.9 29.7 -3,9% Lighting 77 84 — +9.
Slide 17: Revenue breakdown by channel
Retail 38.0 Soft Contract 13.4 Hard contract 24,4 TOTAL 72,7 Channel %incidence - F 1Q 25 39.0 13.7 19.4 724 +2.6% +2,9% -9,4% -0,9% 7
Slide 18: Revenue breakdown by region
Solid performance in the domestic market. as well as confirmed increasing global reach despite overall consumption trends. Steep shifts in sales between North America, Europe and ROW are mostly driven by luxury contract projects’ dynamics Revenue breakdown by region |€m Italy 16.6 Europe (excl. Ital
Slide 19: Net working capital, capex and net financial position
Luxury contract's shifts further impact usual quarterly swings in NWC, temporarily affecting cash generation, The announced Capex plan remains confirmed, with flexible phasing during the next 3 years NET WORKING CAPITAL | €m 18,0 83 43 ol — 1Q 24 juoa 9M 24 FY 24 1Q25 (24) (0.8) CAPEX|€m | totalFV24
Slide 20: Single-digit growth
Single-digit growth 92.0 85.8 Contract 20
Slide 21: Q&A Session
Q&A SESSION BE XELANCE
Slide 22: Dexelance @ Salone del Mobile.Milano | Gervasoni
DEXELANCE@ Salone del Mobile.Milano | Gervasoni
Slide 23: Meridiani
MERIDIANI my home is ME 23
Slide 24: Dexelance @ Salone del Mobile.Milano | Saba Italia
DEXELANCE@ Salone del Mobile.Milano | Saba Italia
Slide 25: Dexelance @ Salone del Mobile.Milano | Gamma & Dandy Home
DEXELANCE@ Salone del Mobile.Milano | Gamma & Dandy Home
Slide 26: Dexelance @ Salone del Mobile.Milano | Turri
DEXELANCE@Salone del Mobile.Milano | Turri mi ina |
Slide 27: Dexelance @ Salone del Mobile.Milano | Davide Groppi
DEXELANCE@Salone del Mobile.Milano | Davide Groppi
Slide 28: Dexelance @ Salone del Mobile.Milano | Flexalighting
DEXELANCE@Salone del Mobile.Milano | Flexalighting
Slide 29: 29
29
Slide 30: Dexelance
DE XELANCE Italia Cina UK USA GERVASONI 1882 C=NACCH! MITON) VERY wood davide groppi FLEXALIGHTING MERIDIANI sebe" Axelight