B&c Speakers S.p.a. · MIL:BEC
B&c Speakers — KT&Partners Annual Investors Summit Day 2026
36 slides from B&c Speakers's conference presentation, Jun 17, 2026
Slide 1: Investors Presentation
Investors Presentation Global Leader in Professional Electroacoustic Transducers 17 J u n e 2026 | KT&Partners Annual Investors Summit Day
Slide 2: Index
INDEX 2 Index 01 Company Overview 02 The Market 03 Brand Products 04 Strategy 05 Key Financials 06 Outlook and Closing Remarks 07 Appendix B&C GROUP
Slide 3: Company Overview
01 Company Overview Industrial Group with strong positioning in professional audio components with eight decades of engineering heritage. B&C GROUP
Slide 4: An integrated industrial group with eight decades of engineering heritage
1. COMPANY OVERVIEW 4 WHY B&C SPEAKERS An integrated industrial group with eight decades of engineering heritage. 1 Global Technological Leadership 2 Shareholder remuneration 3 Global Market Reach With 80 years of engineering expertise in Strong cash generation confirmed. Commercial presence in more
Slide 5: The Market
02 The Market The global professional audio market underpinned by structural demand for high-quality sound reinforcement, installed audio solution and portable systems B&C GROUP
Slide 6: A high-performance niche player inside a €4.4bn 2026 addressable market
2. THE MARKET 6 MARKET & SEGMENTS A high-performance niche player inside a €4.4bn 2026 addressable market. Price ADDRESSABLE MARKET Touring 2026 Professional Market & Rental 4.4bn CAGR 24-29 = 4,6% Car Audio Cinem a Portable Installed Audio Leisure Professional : Touring & Rental Installed audio Mus
Slide 7: Structural long term growth drivers
2. THE MARKET 7 MARKET DRIVERS Structural long term growth drivers A global niche leader in high-performance electroacoustic components, combining technological excellence, long-term OEM partnerships and strong cash generation, positioned to capture structural growth in professional audio markets. 0
Slide 8: End to end integrated group driving customer responsiveness
2. THE MARKE T 8 BUS INES S MODEL B&C GROUP Input E xternal Input End to end integrated group R&D, SALES and C ustomers B&C R&D andCustomers driving customer responsiveness Catalogue products Cus tom products The integrated business model enables the group to maintain strict quality standards, prote
Slide 9: Dual commercial strategy
2. THE MARKET 9 REVENUE MODEL Dual commercial strategy The customers of B&C Group are all the main professional audio system producers around the globe 71% Custom products Custom-designed components developed 29% Catalogue products Standardised products distributed through developed in close technic
Slide 10: Brands & Products
03 Brands & Products B&C GROUP
Slide 11: Brand portfolio: multi-brand strategy
3. BRANDS & PRODUCTS 11 BRAND PORTFOLIO Brand portfolio: multi-brand strategy B&C Speakers four distinct brands address complementary market segments, maximizing total addressable market coverage while maintaining clear positioning and brand equity. Premium professional Technology-driven Historic It
Slide 12: A wide range of high quality products
3. BRANDS & PRODUCTS 12 PRODUCT PORTFOLIO A wide range of hight quality products LOW-FREQUENCY DRIVERS HIGH-FREQUENCY DRIVERS COAXIALS COMPONENTS TWEETERS 58% of revenue s 27% of revenue s 13% of revenue s TRIAXIALS HORNS CROSSOVERS ARCHITETTURA SONORA B&C GROUP
Slide 13: Primary range of products
3. BRANDS & PRODUCTS 13 PRODUCT PORTFOLIO Primary range of products LOW-FREQUENCY DRIVERS HIGH-FREQUENCY DRIVERS COAXIALS COMPONENTS 58% of revenues 27% of revenues 13% of revenues B&C, the first to launch the HPL series in 1998, is The use of Neodymium magnets in B&C high Coaxial loudspeakers combi
Slide 14: Strategy
04 Strategy B&C GROUP
Slide 15: Four strategic vectors targeting distinct market opportunities
4. STRATEGY 15 STRATEGIC PRIORITIES The Group is focus on four vectors each targeting distinctive market opportunities aligned with the Group’s capabilities. 01 02 03 04 Touring & Rental Leadership Instrument Amplifier Expansion Portable Audio Growth US Car Audio Aftermarket Strengthening technologi
Slide 16: Key Financials
05 Key Financials B&C GROUP
Slide 17: Key financial highlights FY2025
5. KEY FINANCIALS | FY 2025 17 KEY FINANCIAL HIGHLIGHTS Dividend: €0.70 per share reflecting the Group's commitment to delivering consistent shareholder returns. €99M €19M €10M TOTAL REVENUES EBITDA NET PROFIT Constant FX in line with 19,3% Margin 10,2% Margin previous YR €0,2M 358 80+ NFP EMPLOYEES
Slide 18: Strong and consistent growth trajectory
5. KEY FINANCIALS | FY 2025 18 P&L TRACK RECORD: REVENUES & GROSS MARGIN Strong and consistent growth trajectory Revenues expanded significantly through 2024, reaching a record level, while remaining close to peak in 2025, confirming soli d demand and resilience. At the same time, gross margin staye
Slide 19: Solid profitability across all levels
5. KEY FINANCIALS | FY 2025 19 P&L TRACK RECORD: EBITDA, EBIT & NET RESULT Solid profitability across all levels EBITDA, EBIT and Net Result show a strong expansion from 2021 to 2024, with margins consistently at high levels. The temporar y softness in 2025 reflects integration effects and external
Slide 20: Strong cash flow generation and improving financial discipline
5. KEY FINANCIALS | FY 2025 20 CASH FLOW GENERATION TRACK RECORD Strong cash flow generation and improving financial discipline The financial position is under control, while the increase in working capital supports business expansion. Overall, the Group shows a solid ability to generate cash and su
Slide 21: Shareholder value
5. KEY FINANCIALS 21 KEY FINANCIALS Shareholder value B&C Speakers Group keeps showing robust operating profitability and disciplined cash generation, underpinning a consistent an d attractive dividend policy. The Group's capital allocation framework balances investment in organic growth with delive
Slide 22: Outlook and Closing Remarks
06 Outlook and Closing Remarks B&C GROUP
Slide 23: Guidance & outlook
6. OUTLOOK AND CLOSING REMARKS 23 OUTLOOK AND CLOSING REMARKS Guidance & outlook SHORT-TERM OUTLOOK (FY 2026) MEDIUM-TERM OUTLOOK • Positive medium-term outlook, supported by structural demand drivers across • Geopolitical environment still affects market visibility, limiting short-term core end-mar
Slide 24: Why invest in B&C Speakers
6. OUTLOOK AND CLOSING REMARKS 24 OUTLOOK AND CLOSING REMARKS Why invest in B&C speakers 1 2 3 HIGH-PERFORMANCE NICHE PLAYER SOLID PROFITABILITY WITH DISCIPLINED STRUCTURAL GROWTH DRIVERS WITH PROVEN RESILIENCE EXECUTION SUPPORTING MEDIUM-TERM UPSIDE B&C Speakers combines proprietary engineering A v
Slide 25: Clear and attractive shareholder return profile
6. OUTLOOK AND CLOSING REMARKS 25 CLEAR AND ATTRACTIVE SHAREHOLDER RETURN PROFILE Strong and consistent growth trajectory Revenues expanded significantly through 2024, reaching a record level, while remaining close to peak. Dividends have grown co nsistently over time, supported by strong earnings u
Slide 26: Appendix
07 Appendix B&C GROUP
Slide 27: Governance & Management
7. APPENDIX | GOVERNANCE & MANAGEMENT 27 GOVERNANCE & MANAGEMENT Experienced leadership with industrial and technical expertise. High quality Board with a strong trck record in Governance and Value Creation. RP LC FS AP RC VS MB Roberta Lorenzo Francesco Alessandro Raffaele Valerie Marta Pecci Coppi
Slide 28: Shareholder Information
7. APPENDIX | SHAREHOLDER INFORMATION 28 SHAREHOLDER INFORMATION Listed on Euronext Milan – STAR segment since 140 million euro BEC 32,25% April22,2026 ALANTRA STOCK TICKER FREE FLOAT MARKET CAP ANALYST COV ERAGE Shareholder Structure 4.03% 2.73% 2.27% § Research & Development International S.r.l. 5
Slide 29: Consolidated P&L by incidence
7. APPENDIX | PROFIT & LOSS 29 PROFIT & LOSS Consolidated P&L by incidence. (€ thousands) 12 months 2025 Incidence 12 months 2024 Incidenc Revenues 99.107 100,0% 100.369 100,0% Cost of sales (62.994) -63,6% (63.295) -63,1% Gross margin 36.112 36,4% 37.074 36,9% Ebitda 19.177 19,3% 21.778 21,7% Earni
Slide 30: Balance Sheet
7. APPENDIX | BALANCE SHEET 30 BALANCE SHEET (€ thousands) 31 December 2025 31 December 2024 Change Property, plant & Equipment 11.619 12.409 (790) Inventories 29.349 29.953 (604) Trade receivables 20.402 20.128 274 Other receivables 5.465 5.237 228 Trade payables (10.473) (9.982) (491) Other payabl
Slide 31: Consolidated statement of cash flows
7. APPENDIX | CASH FLOW 31 CASH FLOW Consolidated statement of cash flows 2025 2024 2025 2024 A. Net current bank balances at the beginning of the period 6.719 11.905 C. Cash flow from investing activities B. Cash flow from operating activities Profit/loss for the period (Including third parties Pro
Slide 32: Production Overview
7. APPENDIX | PRODUCTION OVERVIEW 32 PRODUCTION OVERVIEW Four production facilities and two commercial subsidiaries support global reach. B&C SPEAKERS (NA) 18SOUND & CIARE EMINENCE (KENTUCKY) REGGIO EMILIA (ITALY) B&C SPEAKERS BAGNO A RIPOLI (ITALY) B&C SPEAKERS (Dongguan) Electronic DONGGUAN (CHINA
Slide 33: History
7. APPENDIX | HISTORY 33 HISTORY Eight decades of engineering heritage and disciplined expansion. 1946 1970 1988 1993 2007 2011 2013 2017 2023 1998 Foundation Introd uction Start of the Roberto Listing on End of the Translisting Acquisition of Acquisition of by Roberto of a new distribution Coppini
Slide 34: Safe Harbour Statement
7. APPENDIX 34 SAFE HARBOUR STATEMENT Forward-looking statements are subject to risks and uncertainty. Certain statements in this slide show, including those addressing the Company’s beliefs, Consequently, no forward-looking statement can be guaranteed, and actual future results, plans, objectives,
Slide 35: Contacts
35 Contacts Investors Relations Lorenzo Coppini — CEO Francesco Spapperi — CFO Davide Norelli — Controller Office Via Poggiomoro, 1 – Vallina 50012 Bagno a Ripoli (FI) Italy Phone: +39 055 6572303 Email: investors@bcspeakers.com B&C GROUP
Slide 36: Thank you
THANK YOU B&C GROUP q Ciciare’ ne
B&C Speakers — KT&Partners Annual Investors Summit Day 2026 on 6ix