Belysse Group NV

Earnings Release • May 12, 2023

PRESS RELEASE

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	Q 1	Q 1		o/w	o/w
	2023	2022	% C hange	organic	FX
C onsolidated R evenue	76.6	75.0	2.2%	0.0%	2.2%
C onsolidated A djusted EBITD A	5.0	6.0	(17.5)%	(21.0)%	3.6%
C onsolidated A djusted EBITD A M argin	6.5%	8.0%

Organic Growth

Adjusted EBITDA

Adjusted EBITDA margin

Gross Debt

Net Debt

Leverage

Earnings call

The Q1 2023 Results will be presented on 12 May 2023 at 10.00 am CET via a webcast, by the Chairman of the Board and CEO Cyrille Ragoucy and CFO Andy Rogiest. Dial-in details and the results presentation will be available on www.belysse.com/investors.

For further information, please contact

Simon Kerckaert Finance Director investor.relations@belysse.com www.belysse.com

ABOUT BFI YSSF

Belysse manufactures sustainable textile floor coverings for commercial and residential applications and commercializes its products focusing 90% on North-America and Europe under the premium brands Bentley (US), modulyss, arc edition and ITC (Europe). Belysse employs nearly 1,300 people and operates three manufacturing sites in Belgium (Tielt and Zele) and the United States (Los Angeles).

IMPORTANT NOTICE

Certain financial data included in this press release are "non-IFRS financial measures." These non-IFRS financial measures may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with International Financial Reporting Standards. Although Belysse Group nv believes these non-IFRS financial measures provide useful information to users in measuring the financial performance and condition of its business, users are cautioned not to place undue reliance on any non-IFRS financial measures or any ratios included in this presentation.

This press release may include projections and other "forward-looking" statements. Any such projections or statements reflect the current views of the issuer about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.

Rounding adjustments have been made in calculating some of the financial information included in this press release. As a result, figures shown as totals may not be exact arithmetic aggregations of the figures that precede them.

NEXT SCHEDULED ANNOUNCEMENT

Belysse Group nv intends to publish its Half Year 2023 results on 25 August 2023.