De'Longhi — Investor Presentation 2026

May 12, 2026

DēLonghi Group

Q1 2026 Results presentation

May 12th 2026

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DISCLAIMER

This presentation might contain certain forward-looking statements that reflect the company's current views with respect to future events and financial and operational performance of the company and its subsidiaries.

Forward looking statements are based on De' Longhi's current expectations and projections about future events. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments, many of which are beyond the ability of De' Longhi to control or estimate. Consequently, De' Longhi S.p.A. cannot be held liable for potential material variance in any looking forward in this document.

Any forward-looking statement contained in this presentation speaks only as of the date of the document. Any reference to past performance or trends or activities of De' Longhi S.p.A. shall not be taken as a representation or indication that such performance, trends or activities will continue in the future. De' Longhi S.p.A. disclaims any obligation to provide any additional or updated information, whether as a result of a new information, future events or results or otherwise.

This presentation does not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to purchase or subscribe for securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments.

The officer responsible for preparing the company's financial reports declares, pursuant to paragraph 2 of Article 154-bis of Legislative Decree no. 58 of February 24 1988, that the accounting information contained in this presentation corresponds to the results documented in the books, accounting and other records of the company.

Finally, it should be noted that the financial data as of March 31st 2026 are not audited

These are published financial data which, given the extension of the analysis period, may not be entirely comparable as a result of changes in the scope of consolidation or in the applicable accounting principles.

DēLonghi Group

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DEFINITIONS & ASSUMPTIONS

In this presentation:

• "Adjusted" stands for before non recurring items and cost of the share-based incentive plans
• "Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives;
• "ForEx" or "FX" stand for Foreign Exchange Rates;
• "M" stands for million and "bn" stands for billion;
• Q1 stands for first quarter (January 1st – March 31st);
• "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.

DēLonghi Group

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MILANO DESIGN WEEK 2026

BRING THE CAFÉ HOME.

modular

DESIGN YOUR COFFEE SPACE

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MILANO DESIGN WEEK 2026

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DēLonghi Group

THE ACTIVATION DREW GLOBAL ATTENTION, TURNING THE MINIATURE COFFEE POP-UP INTO A STANDOUT EARNED MEDIA MOMENT

1

Big Campaign Idea: The Smallest Coffee Shop at Home

1500

Hours of craftsmanship with designer Simon Weisse

5

De'Longhi Coffee Machines reimagined

55+

Influencers & journalists from over 12 markets

3000+

Consumer visits + coffees consumed

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FINANCIAL HIGHLIGHTS Q1 2026		BUSINESS HIGHLIGHTS
REVENUES GROWTH
YoY +6.6%
at constant fx

Solid performance, sustained by
positive organic growth in
household and an outstanding
40% growth in professional | ADJ EBITDA %
16.2% | SUPPORTING INVESTMENTS
IN MEDIA & COMMUNICATION |
| | +80bps margin expansion,
driven by professional division
expansion and slight moderation
in household margins | DRIVING CONSUMER
ENGAGEMENT BY
INTEGRATING PAID AND
EARNED MEDIA |
| NET FINANCIAL POSITION
€M 721

Further balance sheet
strengthening provides
maximum strategic flexibility
for capital allocation | 12 MONTHS FREE CASH FLOW
BEFORE DIVIDENDS, BUYBACK & M&A
€M 464 | INTENSIFYING STRATEGIC
INVESTMENTS TO DRIVE THE
GROUP TOWARD THE
TECHNOLOGICAL FRONTIER |
| | Solid FCF generation supporting a
disciplined capital allocation strategy
with over €300M in dividends and
€61M buyback in two years | SEVERAL ACTIVATIONS TO
SPREAD COFFEE CULTURE |

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REVENUES BY DIVISIONS (Q1 2026)

	TOTAL GROUP	HOUSEHOLD	PROFESSIONAL
REVENUES	€M 778	€M 641	€M 139
YOY %	+3.0%	-2.4%	+40.1%
YOY% at constant fx	+6.6%	+0.8%	+46.0%
% ON TOTAL	+100%	+82%	+18%

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REVENUES BY PRODUCT LINES (Q1 2026)

HOUSEHOLD

Home Coffee
Including accessories

Slightly negative

Nutrition

Down mid-single digit

Other

Up low-single digit

PROFESSIONAL

Professional Coffee

Up double digit

Reported figures

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REVENUES BY MARKET (Q1 2026)

TOTAL GROUP

Europe

62%

Up low-single digit

Up high-single digit

Up high-teens

America

17%

Up high-single digit

Up high-teens

APAC

15%

Up high-single digit

Up high-teens

MEIA

6%

Down mid-single digit

Up mid-single digit

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Q1 2026 Results

P&L

(Eur million)	Q1 26	chg.	chg.%
Revenues	778	22	3.0%
net ind. margin	415	21	5.2%
% of revenues	53.4%
adjusted Ebitda	126	10	8.3%
% of revenues	16.2%
Ebit	91	11	14.0%
% of revenues	11.7%
Net Income	72	9	14.5%
% of revenues	9.3%
Net Income pertaining to the Group	62	4	7.5%
% of revenues	7.9%

In the quarter:

• Adjusted EBITDA amounted to €126 million, or 16.2% of revenues, an improvement of 80 basis points compared to the previous year. This improvement was mainly supported by the strong growth of the Professional division, which carries margins above the Group average.

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Q1 2026 Results

DéLonghi Group

BRIDGE TO ADJUSTED EBITDA (Q1 2026)

(*) Including professional business

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Q1 2026 Results

BALANCE SHEET

EUR million	March, 31st 2026	March, 31st 2025
Net working Capital	(5.7)	84.9
NWC / Revenues	-0.1%	2.4%
Net Cash Position	(720.5)	(482.8)
Dividends and buyback	-	(36.2)
Cash Flow for the period	(49.5)	(160.4)
Free Cash Flow (before DVD, buyback and acquisitions)	(44.1)	(124.2)

• In March 2026, the Group's Net Cash Position stood at € 721 million, representing a significant improvement compared to €482.8 million the previous year;
• Free Cash Flow (before dividends, buybacks, and acquisitions) was negative at €44.1 million in the quarter. This was due to typical seasonality affecting net working capital, which involved restocking inventory following significant sales in the fourth quarter.
• Capital expenditure amounted to €18.9 million, down €9.6 million compared to 2025

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Q1 2026 Results

DéLonghi Group

NET CASH FLOW (Q1 2026)

770
131
167
11
11
721

NFP @ 31Dec25
Cash flow from current operations
Cash flow from NWC
Capex
Other
FCF before dividends, buyback and M&A
NFP @ 31Mar26
Dividends, buyback & M&A

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FY 2026 GUIDANCE

REVENUES GROWTH

MID-SINGLE DIGIT

SUPPORTED BY:
- Household business growth, capitalizing on positive coffee market developments and expanding categories through product innovation and strategic A&P investments
- Professional coffee expansion, sustained by structural tailwinds, including rising global consumption, specialty shop proliferation, and a shift toward premiumization

EBITDA ADJUSTED

BETWEEN 640 AND 660 €M

GENERATED BY:
- Volume expansion coupled with a better mix
- Continued investment in A&P to support growth, while optimizing cost incidence on revenues
- Controlled Opex increases to strengthen the organizational structure

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Contacts:

Investor Relations:

Samuele Chiodetto, Sara Mazzocato
T: +39 0422 4131
e-mail: investor.relations@delonghigroup.com

Media relations:

T: +39 0422 4131
e-mail: media.relations@delonghigroup.com

On the web:

www.delonghigroup.com