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I. Key Highlights

Value monetization

Capital allocation /

Investments

Growth

Shareholders

reward

Strategic

partnership

• Sale of 100% of Astir Vitogiannis to Guala Closures : € 115.5m proceeds received, implying an IRR of 45%and MOIC of 2.9x
• Acquisition of 75% of BlueStream Solutions for €12.2m, further expanding IT segment footprint
• Acquisition of 100% of Barba Stathis and 90% of its subsidiary Chalvatzis, for €130m.
• Comparable Sales €380.3mup +23%
• Comparable EBITDA, at €39.3m(vs. €34.0m in FY 2023), EBT at €23.9mvs €21.6m in FY 2023.
• Dividend of (i) €0.20/ share (Jul'24) plus (ii) €0.10/ share (Mar'25)
• Restarted Share buyback program
• OHA invests up to €115m in IDEAL Holdings and supports its growth plans with the right to invest up to an additional €200m

Stake sold: 100%

Deal Value: €115.5m

On April 2024, IDEAL Holdings S.A. ("IDEAL") announced the tranfer of Astir Vitogiannis S.A. to Guala Closures for an

Enterprise Value of €136m.

Astir is a leading crown corks manufacturer, with two operating facilities, in Athens & Johannesburg, exporting in more than 70 countries.

Guala is a global player with production in 21 countries, 7 R&D centers and exports in more than 100 countries.

Stake acquired: 75%

Deal Value: €12.2m

Transaction Rationale

• Small-sizeadd-on, offering complementary solutions to existing portfolio
• Increase IT footprint & product mix
• New cross-selling opportunities
• Reinforcement of existing partnership with Microsoft
• Enhancement of presence in
  Northern Greece
• Enhancement of profit margins
• Increase footprint in Private Sector

Stake acquired: 100%

Deal Value: €130m

On January 2025, IDEAL Holdings S.A. ("IDEAL") announced it has entered into an agreement with Vivartia (owned by CVC), through its subsidiary Frozen Holdings SA ("Frozen") regarding the acquisition of 100% of Barba Stathis ("BBS") shares for an Equity ticket of €130m.

EV: €166m (Implied Multiple: 11.8x)

Closing is expected in Q2 2025, following all required regulatory approvals.

50

1

-1739

5

• mil

16

1. Statutory: Based on the annual FS prepared in accordance with the applicable International Financial Reporting Standards
2. Comparable: Operating performance; For the definition of comparable figures, please refer to section V "Alternative Performance Measures" of the 2024 Interim Financial Report
3. IFRS 16 effect: Finance leases capitalization resulting in higher depreciation & interest expense
4. Discontinued Operations: Refers to the sale of Astir to Guala Closures on August 4, 2024
5. Project & One-off: Include project expenses & non-recurring items

Revenues (€m)

EBITDA & Margin

Statutory EBITDA (IFRS 16)

EBT

€ mil

+9%

213.1 231.9

27.4

23.9

11% 12%

39.6 42.2

19.9

16.7

Debt/ Cash

• mil

(14.2) (21.6)

47 47

No of visitors

mil

+11%

Sales / sq.m.

Breakdown by product

Other

Beauty 3%

21%

32

25

6.1

6.8

FY 2024

76%

Fashion

Cash (adj. for Credit Card Rec.)

2024 Revenue & EBITDA drivers

• Strong performance of local customers;
• Record high number in tax free; tax free volume increased by +23.6% y-o-y, reaching at 9.5% of total turnover;

Outlook 2025

• 2025 sales is expected to follow the trend of Q4 2024;
• Complete renovations & CAPEX plan across the remaining department stores;

• New premium brands , part of elevation process;
• Finalized renovation of Golden Hall & City Link;
• Gradual rollout of e-shop to fashion;

• Upgrade front-endsystems to enhance personalization;
• Increase marketing & PR initiatives to celebrate attica 20 years;
• Expand the e-commercebusiness with a focus on fashion;

• Revenues gain momentum attributed to extensive marketing activity;
• Personnel cost not increased relative to sales.

• Increase number of staff in the stores, to maintain high level of service.