Amica S.A.

Investor Presentation • Sep 27, 2024

Amica GROUP

Back to Profitability

BACK TO PROFITABILITY

Resilient European Partner

Diversified home appliance portfolio

BUILDING PRODUCTIVING @

Focus on quality Efficient production

Competitive portfolio

Cost agile organization

WE CARE - about our people, the investors and our environment.

is our core

Back To Profitability

Achieving sustainable earnings (7% EBITDA margin) through:

• Markets / channels development in Europe
• Balance between own production and sourced goods
• Fit-for-purpose organizational structure with tailored processes
• Improving production cost efficiency

• Continuous development of production facility in Poland
• Achieving production of 2 million pieces of cooking appliances (cookers, ovens and hobs) within ten years
• Improving cooking portfolio profitability by 5 percentage points

European focus

Significant increase in sales

Sales development through new customers and expanding the product range

Focus on sales under own brands

Strengthening the leadership position

Active search for market entry opportunities

Mission&Vision

Become most recommended brand in cooking in focus markets of Europe.

We offer durable and reliable domestic appliances with excellent services to make consumers every-day life easier, honouring Local Brands' heritage and local traditions.

Robust Local Brands with deep Heritage

• 1. Focus on ONE MegaBrand per Market
• Focused investment that makes real Brand Equity impact
• Leverage crossmarkets synergies in portfolio, communication and executional tools to drive economy of scale and spending efficiency
• 1. ONE Equity Platform across Europe, with space to localize
• Build on and drive local heritage – dated back to previous century
• Durability and quality as backbone of the Equity
• 1. Brand to Consumer focus in home market first
• Reignite local strength in 4 Focus Markets
• Leverage local Consumer knowledge and brands' equity to drive Category growth
• Focus on what matters most for local Consumers

Winning Consumer Proposition

1. Consumer product appeal and quality brought to the next level

2. Benefit-based consumer relevant product proposition

3. Consumer needs and trends as a cornerstone of new product development process, enabling clarity and intuitiveness of choice
4. Durability and quality of the product enabling Premiumization
5. Excellence of execution from product design to in-store

2. Elevated Post-Purchase Experience

• Gaining Customer Loyalty by implementing effortless experience Service environment
• Sales proposition as part of added value
• Quality focus of delivered services

STRATEGY IMPLEMENTATION SUMMARY

Preferred B2B Partner

• Intuitive, well-designed and reliable appliances with desired functionalities and excellent quality as a source of long-term value added for our B2B partners
• · Availability and operational excellence (comprehensive portfolio, state of art logistics, local storage, short delivery terms)
• Financial conditions (no currency risk; competitive payment terms)
• · Close partnership in QA (Quality Assurance) and CX (Customer Experience requirements)

Focus on Quality

1. Continuous Improvement

of new product implementation processes from project initiation to after-sales Customer Service, supported by components and product testing before launch.

2. Focus on Consumer and Customer requirements

regarding product quality during use and integrating the expectations of B2B partners to achieve Customer satisfaction.

3. Consistent quality KPIs system across the organization

to ensure the integrity of activities on the way to achieving the expected level of product quality and improving the quality culture in our organization.

Efficient Production

1. Continuous development of production facility in Poland

2. Cost reduction through:

• processes/components unification – CONVERSO project
• technology or construction adjustments
• components suppliers' portfolio diversification (including sourcing from low-cost countries and dual-sourcing)
• production efficiency increase
• product portfolio unification
• 1. Reinventing approach to electronics
• 1. Redefined tailor-made production planning and execution process supported by modern IT tools

Competitive Portfolio

1. Coherent, efficient and consumer needs driven MDA range

based on own production and sourced goods covering mainstream and niche segments with shared design lines

2. Unified, scaled and optimized global portfolio adapted locally

1. Trade goods suppliers portfolio diversification

with focus on cooperation with mid-size partners without own sales in Europe

1. Introduction of trade goods and components suppliers appraisal system to enhance day-to-day monitoring (including ESG matters)

We CARE! Organizational Culture

We CARE about the experience we bring to everyone who gets in touch with Amica.

We achieve our goals together as a team. Therefore, we build strong relationships with each other, hold ourselves accountable and have a high leadership awareness.

We commit to constant growth and are resilient through the toughest of times.

We CARE to do our best every day.

STRATEGY IMPLEMENTATION SUMMARY

Competencies - Areas of Expertise and Growth

• · We are experts in our business area and functions.
• We commit to self-growth and developing others staying up to date and competetive.

Accountability - Owning Results

· We make things happen and take personal responsibility for our own and our team's performance.

Resilience - Stamina, flexibility and opportunity mindset

• · We face challenges with an open mindset.
• We demonstrate strong will and determination through toughest conditions.

Engaging and Empowering Leaders

• · We foster positive and respectful relationships.
• · We emphasize togetherness and group-success.
• We set clear expectations and invest in the personal development of our employees.

The People and Culture Strategy

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· Strenghts Based

High Engagement & High Well-Being

• We care about an ethical, inclusive and diverse work-environment 0 0
  • We care about our mental health .
  • · We care about our physicial health
  • • We care about our community and our environment

STRATEGY IMPLEMENTATION SUMMARY

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• Investment in our talents to develop our strenghts
• Continous development of our functional competencies

• · · Having the right people in the right place
• Improve the quality of incoming talent and reduce recruitment failure
• · Reduce time to hire

We CARE! Our ESG Strategy

Cost Agile Organization

Internal processes optimization and efficiency improvement

• Digital transformation
• Efficient mix of local and HQ competences
• Improving master data quality
• Increasing share of renewable energy in production process – cogeneration and PV plant

Financial prudence

• sustainable earnings and healthy balance sheet
• effective working capital management
• self-financing by each subsidiary

Supply Chain Management

• Planning excellence
• Adaptive supply chain management
• Quicker time to market process for new products and finished goods
• KPI-based data governance processes
• ESG-measures embedded in SCM

STRATEGY IMPLEMENTATION SUMMARY

Creating value for shareholders

Long-term value creation goals	2027	2030+
Sales growth	3%	>7%
EBITDA	5%	7%
RONA*	14%	>17%
Responsible financial policy	2027	2030+

Responsible financial policy	2027	2030+
Dividend		up to 35% net profit
Net debt / EBITDA	<2	< >
Gross profit on sales of own products in %	25%	28%

BACK TO PROFITABILITY

Resilient European Partner

Diversified home appliance portfolio

BUILDING PRODUCTIVING @

Focus on quality Efficient production

Competitive portfolio

Cost agile organization

WE CARE - about our people, the investors and our environment.

is our core

DISCLAIMER

This presentation ("Presentation") has been prepared by Amica S.A. ("AMICA" or "Company"). Neither the Presentation nor any copy hereof may be copied, distributed or delivered directly or indirectly to any person for any purpose without AMICA's knowledge and consent. Copying, mailing, distribution or delivery of this Presentation to any person in some jurisdictions may be subject to certain legal restrictions, and persons who may or have received this Presentation should familiarize themselves with any such restrictions and abide by them. Failure to observe such restrictions may be deemed an infringement of applicable laws.

This Presentation contains neither a complete nor a comprehensive financial or commercial analysis of AMICA and of the AMICA Capital Group, nor does it present its position or prospects in a complete or comprehensive manner. AMICA has prepared the Presentation with due care, however certain inconsistencies or omissions might have appeared in it. Therefore it is recommended that any person who intends to undertake any investment decision regarding any security issued by AMICA or its subsidiaries shall only rely on information released as an official communication (reporting) by AMICA prepared in accordance with the legal and regulatory provisions that are binding for AMICA.

The Presentation, as well as the attached slides and descriptions thereof may and do contain forward-looking statements. However, such statements and analysis must not be understood as AMICA's assurances or projections concerning future expected financial results of AMICA or companies of the AMICA Capital Group. The Presentation is not and shall not be understand as a forecast or estimates of future financial results of AMICA as well as of the AMICA Capital Group.

It should be also noted that forward-looking statements, including statements relating to expectations regarding the future financial results give no guarantee or assurance that such results will be achieved. The Management Board's expectations are based on present knowledge, awareness and/or views of AMICA's Management Board's members and are dependent on a number of factors, which may cause that the actual results that will be achieved by AMICA may differ materially from those discussed in the document. Many such factors are beyond the present knowledge, awareness and/or control of the Company, or cannot be predicted by it.

No warranties or representations can be made as to the comprehensiveness or reliability of the information contained in this Presentation. Neither AMICA nor its directors, managers, advisers or representatives of such persons shall bear any liability that might arise in connection with any use of this Presentation. Furthermore, no information contained herein constitutes an obligation or representation of AMICA, its managers or directors, its Shareholders, subsidiary undertakings, advisers or representatives of such persons.

This Presentation was prepared for information purposes only and is neither a purchase or sale offer, nor a solicitation of an offer to purchase or sell any securities or financial instruments or an invitation to participate in any commercial venture. This Presentation is neither an offer nor an invitation to purchase or subscribe for any securities in any jurisdiction and no statements contained herein may serve as a basis for any agreement, commitment or investment decision, or may be relied upon in connection with any agreement, commitment or investment decision.