De' Longhi 1H & Q2 2025 results

In this presentation:

• "Adjusted" stands for before non recurring items and cost of the share-based plans;

• "Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives;

• "pro-forma" means including the consolidation of La Marzocco for 6 months in H1 2024;

• "ForEx" or "FX" stand for Foreign Exchange Rates;

• "M" stands for million and "bn" stands for billion;

• "Q2" stands for second quarter (April 1st- June 30th);

• "H1" stands for first half year (January 1st- June 30th);

• "NWC" stands for Net Working Capital;

• "Capex" stands for capital expenditures, i.e. investments in fixed assets;

• "FCF" stands for free cash flow before dividends, buyback and M&A;

• "Professional division" means the business combination between La Marzocco & Eversys;

• "Household division" includes the business not part of the professional division.

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DéLonghi Group

«PERFETTO DISTRICT» BY DE'LONGHI

AT THE MILAN DESIGN WEEK

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