Fourlis Holdings S.a. · ATHEX:FOYRK
Fourlis — Shareholder Meeting (June 2025)
45 slides from Fourlis's shareholder meeting presentation, June 2025
Slide 1: Annual General Shareholders Meeting
Fourlis Annual General Shareholders Meeting June 2025
Slide 2: Disclaimer
Fourlis > Disclaimer This presentation has been prepared by Fourlis Group (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other entity. The information
Slide 3: Milestones
Fourlis Milestones . Fourlis Group today . FY ‘24 Financial Highlights . Sustainability Strategy . Guidance 2025 - 2027
Slide 4: Delivering on our strategic priorities
Fourlis Delivering on our strategic priorities. Strong retail performance, significant profit i improvem x and profitability guidance exceeded. SO Enhanced shareholder returns through higher dividend & / share buybacks. a ~ Trade Estates successfully deconsolidated.
Slide 5: Milestones
Fourlis 1 Milestones
Slide 6: Disciplined execution and growth momentum in all BUs
Fourlis Disciplined execution and growth momentum in all BUs IKEA » New stores: Patras (Oct '24), Heraklion (April 2025), Hellinikon (2028) >» Remodeling of the store in the AIA park. » Anew Plan & Order studio opened in Bulgaria. >» New-generation urban IKEA stores. Sportwear » Foot Locker: Partner
Slide 7: Private placement of 16% of Trade Estates' share capital
Private placement of 16% of Trade Estates’ share capital in February 04 2025. Fourlis group participation in Trade Estates at 47.3%. Gain of €6.4 mil. for the group. €29 mil. proceeds from the placement, reducing the group’s net debt. Deleveraging the group’s Balance Sheet and strengthening our focu
Slide 8: Fourlis Group today
Fourlis ? Fourlis Group today
Slide 9: Home Furnishings, Sportswear, Health & Wellness, Logistics, Real Estate
Home Furnishings Sportswear Participations in Logistics Real Estate Health & Wellness The home Sports retail furnishings leader Specialized in powerhouse retail The wellness The logistics destination specialist 0 SPORT ‘= GieA) Holland&Barrett LOGISTICS oa ; Foot Locker a tes
Slide 10: FY '24 Key Financial Highlights
Fourlis 3 FY ‘24 Key Financial Highlights
Slide 11: +1.6% +15.3% ▪ ▪ ▪ ▪ ▪ +26.8% +195% +212% ▪
+1.6% +15.3% ▪ ▪ ▪ ▪ ▪ +26.8% +195% +212% ▪ 11
Slide 12: Net debt
• • • Net debt 110 6.0 • 90 84.8 85.6 5.0 • 70 4.0 50 3.0 3.1 2.7 30 2.0 10 1.0 • -10 2023 2024 0.0 Net Debt Net Debt / EBITDA-adjusted 12
Slide 13: On track to achieve increasing profitability and growing free cash flow
Fourlis On track to ack increasing p ofitability and growing free cash flow.
Slide 14: A Sustainability Strategy
Fourlis A Sustainability Strategy
Slide 15: New Sustainability Committee of the BoD
New Sustainability Committee of the BoD. i] ESG under direct strategic oversight Integrated with risk, ethics and operations. " Energy & Emissions = Waste management =" Working Conditions * Social Contribution " Corporate Culture & Governance
Slide 16: Key ESG Performance Highlights - FY 2024
Fourlis Key ESG Performance Highlights - FY 2024 | LAS 3)-¢
Slide 17: 2025-2027 Guidance
Fourlis 5 2025-2027 Guidance
Slide 18: The group's participations
The group’s participations ➢ Trade Estates: estimated NAV of TE € 330 mil. at 31/12/2025 (FG : 47,3% participation) ➢ South Sofia Ring Mall: estimated NAV € 70 mil. at 31/12/2025 (FG : 50% participation) 18
Slide 19: The group's participations
The group’s participations ➢ Trade Estates: estimated NAV of TE € 350 mil. at 31/12/2027 (FG : 47,3% participation) ➢ South Sofia Ring Mall: estimated NAV € 70 mil. at 31/12/2027 (FG : 50% participation) 19
Slide 20: Thank you
Thank you
Slide 21: Appendix
Appendix
Slide 22: Trade Estates REIC
a Fourlis Smart Park @ Spata Trade Estates REIC Significant growth on the back of its high-yielding and high- quality portfolio of real estate assets. Real Estate GAV +11% at €542 mil. as of 31/12/24 vs €486 mil. Net Asset Value +4.5% at €311.9 mil. (€2.59 per share), as of 31/12/24 from 298.4 mil i
Slide 23: FY '24 income statement (amounts in € mil.)
(amounts in € mil.) FY '23* % FY '24 Continuing Activities Revenues 521.3 1.6% 529.7 Gross Profit 230.7 7.7% 248.4 Gross Profit margin 44.3% 46.9% EBITDA – adjusted ** 27.5 15.3% 31.7 EBITDA - adjusted margin 5.3% 6.0% EBIT 21.1 26.8% 26.7 EBIT margin 4.0% 5.0% Net Financial Income/(expenses) -20.6
Slide 24: Retail business sold and net financial expenses
Fourlis Fourlis group retail Net financial Income/(Expenses) business sold (ITR / TAF) of the Retail Business (amounts in € mil.) FY ‘23 Total Retail FY '23 FY'24 Revenues 2.2 Interest 78 -6.6 Gross Profit 07 Bank oth 14 12 EBITDA (OPR)* 03 ank expenses & other E . EBIT -0.4 IFRS16 interest 11.4 13.
Slide 25: Business Activities
Fourlis Business Activities
Slide 26: Home Furnishings
Fourlis Home Furnishings
Slide 27: New IKEA store at Heraklion, Crete
New IKEA store at Heraklion, Crete
Slide 28: Network expansion
Network expansion Reinforcing our presence near city-centers in the province Focus on omnichannel approach Leverage digitalization
Slide 29: Home Furnishings (IKEA stores) FY '24
31.0 29.0 27.0 25.0 23.0 21.0 19.0 17.0 15.0 Revenues 346.8 346.1 Gross Profit margin - if : FY '23 FY '24 EBITDA - adjusted +25.6% 290.0 13.0% 23 9 11.0% 8.7% °° 6.9% 7.0% 5.0% FY '23 FY '24 MMEBITDA (adjusted) |= —EBITDA (adjusted) margin 30.0 25.0 20.0 15.0 10.0 46.8% FY '23 FY '24 EBIT Me 2% 9.6
Slide 30: IKEA partnership overview
Fourlis Home Furnishings Gen) 25 yrs of partnership Create a better everyday life for the 3 counties: Greece, Cyprus and Bulgaria. many people 2 2 IKEA stores of different formats. Ecommerce in all 3 countries. @e IKEA is the world leader in 4 home furnishings and oe ° accessories. It was founded in
Slide 31: Sportswear
Fourlis Sportswear
Slide 32: Creating a Sports Retail Powerhouse
Fourlis Creating a Sports Retail Powerhouse » Entering into the fast-growing _ lifestyle & fashion segment of the jas _— ———_ _ sportswear market and expanding - _— geographically through the * = = Partnership with Foot Locker. oe] dip Foot Locke Fc € - ee > fe - a - 8 » Foot Locker sets foot in Bul
Slide 33: Foot Locker partnership
Foot Locker is the No 1 in the sneakers market. A game-changing partnership. Geographical expansion across 8 Southeast European countries. High demand for sneakers, underserved growing markets. Powerful Forces combine creating a sports retail powerhouse. Expected to drive substantial growth in marke
Slide 34: Creating a Sports Retail Powerhouse
Fourlis Creating a Sports Retail Powerhouse > Intersport continues its expansion with 8 new stores in 2024. > 5 new stores within 2025 up to May. > Launch of the world’s first Intersport Football Club store in Athens (March 2025)
Slide 35: Enhance our leadership position in sports performance
Enhance our leadership position in sports performance Enter dynamically in the sports lifestyle market Expand in new geographies Focus on synergies between the brands Focus on E-commerce growth and omnichannel approach Leverage digitalization ¥INTERSPORT [Ree
Slide 36: Sportswear FY '24
Revenues +4.1% 1811 174.0 FY '23 FY '24 EBITDA - adjusted 8.0 FY '23 FY '24 mMMEBITDA (adjusted) EBITDA (adjusted) margin FY '23 Gross Profit margin 47.0% 45.4% FY '24 EBIT 421.1% 53 44 2.9% 2.5% FY '23 FY '24 maEBIT —EBIT margin Fourlis Sportswear FY ‘24 (Intersport & Foot Locker stores) = Sales su
Slide 37: Intersport and Foot Locker
Fourlis #INTERSPORT THE HEART OF SPORT #1 Performance Omni Multi-Brand 24 yrs of partnership 4 counties: Greece, Romania, Cyprus and Bulgaria. 1 21 Intersport stores (65 in Greece, 39 in Romania, 11 in Bulgaria and 6 in Cyprus) Ecommerce presence in all 4 countries. 1 ’ 5 O O employees. Sportswear ¢
Slide 38: Health & Wellness
Fourlis Health & Wellness
Slide 39: High loyalty and conversion, increasing brand awareness
Fourlis High loyalty and conversion, increasing brand awareness Holland _ Barrett > Within 2024 4 new stores in Athens in line with a 3-tier strategy and 1 new store in Thessaloniki > 11 stores in total & ecommerce shop in Greece. > Examining new opportunities for expansion. > Targeted actions to in
Slide 40: Like-for-like sales growth yoy
▪ ▪ ▪ ▪ ▪ +50% like-for-like sales growth yoy 40
Slide 41: Logistics Services
Fourlis Logistics Services
Slide 42: Establishment of a new international distribution center
Establishment of a new international distribution center of 50k sq.m for Interikea in Aspropyrgos, supplied through the Port of Piraeus, Greece, serving Eastern Mediterranean countries. Strengthening Fourlis Group role as a critical logistics and distribution player in the region. Improved Supply Ch
Slide 43: Trade Logistics
Trade Logistics Schimatari Land: 103,000m? Building: 41,220m2 47 loading and unloading docks for containers and trucks Fully automated pallet operation with 600m of conveyors, 8 automated trucks, sorting cranes & gravity lines. Automated box operation with racking system of 22,000 box locations, 51
Slide 44: Aiming to become a specialized 3rd party logistics company
Aiming to become a specialized company providing 3rd party logistics services covering SE Europe Focus on high productivity and excellent service Operational Management of the Interlkea International Distribution Centre LOGISTICS
Slide 45: Thank you
Thank you