Elica — Investor Presentation 2022

Jun 6, 2022

RESHAPE YOUR RELATIONSHIP WITH COOKING

MONDAY JUNE 6TH, 2022 ADI DESIGN MUSEUM

AGENDA

1 3 JOURNEY TOWARDS A NEW COMPANY GIULIO COCCI - CEO

MOTOR DIVISION: THE OPPORTUNITY GIACOMO IANNELLI – MD MOTORS

FINAL REMARKS: THE FUTURE IS NOW GIULIO COCCI - CEO

1

JOURNEY TOWARDS A NEW COMPANY

GIULIO COCCI CEO

ELICA GROUP | RECORD SETTING 2021

ELICA GROUP | MID TERM GOALS ON TRACK WITH DELIVERIES

ELICA GROUP | MID TERM GOALS ENABLERS AND ACHIEVEMENTS

NET SALES OWN BRAND %

FREE CASH FLOW

		MID TERM GOALS AND ENABLERS
	2019	GROWTH	PROFITABILITY	CASH GENERATION	2021
NET SALES OWN BRAND %	480 M€ 52%	Full range aspiration hobs	Decomplexity	Working Capital Management	541 M€ 55%
EBIT	19,6 M€ 4,1%	Geo Expansion US market 2X	Emea Footprint rebalance	Capex Optmization	32,3 M€ 6,0%
GROUP NET PROFIT	3 M€	Motors New product/Customer expansions	SG&A Resizing	Reverse Factoring	12 M€
FREE CASH FLOW	2,7% on Sales	ALL PROJECTS ON TRACK WITH MID TERMS GOALS			5,7% on Sales
		OWN BRAND 60%	EBIT 7% - 8%	5% Free cash Flow On Sales

ELICA GROUP | Q1 2022 RESULTS CONFIRMING THE VALUE CREATION PATH

HIGHLIGHTS
NET SALES 144,0 M€	YoY Change +7 M€ +5,1% (organic: +5,7%)
EBIT ADJ 9,0 M€ 6,2%	YoY Change +0,4 M€ -
NFP 31,0 M€ Leverage:~ 0,8	YoY Change +20 M€

ELICA GROUP | NEW MANAGEMENT TEAM DRIVING THE TURNAROUND

Giulio Cocci

Chief Executive Officer

• Appointed CEO of Elica in March 2021
• Previously covered senior management positions in Elica (CFO, Group Controlling) Datalogic and Whirlpool

Francesca Pisani

General Counsel

• Appointed General Counsel of Elica in September 2019
• Previously covered senior management positions in Elica (Group Legal)

Stefania Santarelli

Chief Financial Officer

• Appointed CFO of Elica in March 2021
• Previously covered senior management positions in Elica (Group Controlling) and Whirlpool

Deborah Carè

Chief Human Resources Officer

• Appointed CHRO of Elica in October 2021
• Previously covered senior management positions in Elica (HR, Brand Marketing & Communication) and Loccioni

Luca Barboni

Managing Director Cooking

• Appointed MD Cooking of Elica in September 2021
• Previously covered senior management positions in Elica (Managing Director Motors, Sales)

Giacomo Iannelli

Managing Director Motor

• Appointed MD Motor of Elica in September 2021
• Previously covered senior management positions in Elica (Strategy & Transformation) NieW and EY (Partner)

COOKING ROADMAP 2

LUCA BARBONI MD COOKING

COOKING | AT A GLANCE

Elica sells branded cooking hoods mainly with its flagship brand Elica; the Business Unit also serves tier 1 kitchen appliances global manufacturers

DIVERSIFIED GEO STRATEGY NEXT STEPS – KEY PRIORITIES

COOKING 360° Design Performance Innovation

GREATER EUROPE

BUSINESS HIGHLIGHTS:

• ◼ Leading by far Hoods segment
• ◼ Growing Aspiration Induction Hobs business
• ◼ Wide and increasing presence in every Country

STRATEGY:

• ◼ Bolster premium product offering and address consumer preferences for design, minimal visual impact and low noise
• ◼ Boost Aspiration Hob product range
• ◼ Expand product offering in Major Domestic Appliances for cooking

M&A:

◼ Expand product offering in Cooking Major Domestic Appliances

COOKING | HOODS | OWN BRANDS MARKET SHARES

Doubled own brands market shares of European hoods market over the last few years becoming the market leader in the region

Doubled Own brand sales moving from 40% of Cooking BU sales to 55%

Cooking BU | Elica own brands 2014-21 Net Sales percentage on total Cooking BU

40% 41%	44%	46%	49%	52%	55%	55%
------------	-----	-----	-----	-----	-----	-----

COOKING |DIRECT COMMERCIAL PRESENCE IN KEY EU COUNTRIES

(*) Not Conrolling Interest

COOKING | ASPIRATION HOBS GROWTH CONFIRMS THAT COOKING RANGE ENLARGEMENT AS THE BIGGEST OPPORTUNITY IN EUROPE

Since the launch in 2016, Elica branded aspiration hobs rapidly gained traction becoming the 3RD player in the EuropeanMarket and market leader in key countries such as Italy and France.

NORTH AMERICA

BUSINESS HIGHLIGHTS:

• ◼ Market big belly through OEM business
• ◼ Elica Brand represents Premium Hoods Specialist
• ◼ Right distribution strategy ≈2X sales in 3 years
• ◼ Leveraging business proximity through Mexico production plant

STRATEGY:

• ◼ Aspiration hobs
• ◼ Induction hobs
• ◼ Premium American style hoods

M&A:

◼ Products and Distributions

COOKING | COMPETITIVENESS & INNOVATION

MOTORS DIVISION: THE OPPORTUNITY 3

GIACOMO IANNELLI MD MOTORS

EMC FIME | AT A GLANCE

EMC FIME is a B2B specialized designer and producer of electric motors and ventilation systems for home appliances and heating systems producers

	Products	Customers	Revenues Share	Revenues
N O TI A L TI N E V			~60%	€m +44.9% 88,3 13,0 14,3 61,0
G N TI A E H			~40%	[1] FY 20 M&A Organic FY 21 +23.5% +21.4% YoY (%)

EMC FIME | KEY SUCCESS FACTORS

The Company has a strong internal R&D capabilities and an integrated supply chain allowing for control, reliability and timeliness in all company processes; EMC FIME has two production sites, one in Italy and one in Poland

Internal R&D

Vertical manufacturing based in Europe Industrial footprint

• ◼ 470 employees
• ◼ 2 locations (Italy/Poland)

Castelfidardo, Italy

Jelcz-Laskowice, Poland

EMC FIME | STRATEGIC PILLARS

EMC FIME in the ventilation and heating segments will leverage on product technical improvement, development of systems offering and launch of hydrogen solutions

	BU strategy	What	Why
1	PRODUCT	Improve solutions in terms of ◼ efficiency - noise level - connectivity -	Higher efficiency appliances required by ◼ EU energy label directive Higher domestic comfort ◼ IoT evolution ◼
2	SYSTEMS	Strengthen internal competences on Electronics ◼ Switch from a «Motors» producer to a «Systems» producer ◼ (electronics + fan + blower)	Growing demand for brushless solutions ◼ Added-value systems ◼ To internalize competences ◼
3	HYDROGEN	Develop more efficient and sustainable solutions by: ◼ certify EMC FIME solutions "Hydrogen Ready" - (able to work with H2) increase Heat Pumps components product range -	Favourable energy transition trends ◼ (e.g., European Climate Law, REPowerEU Plan) and consumers preferences

FINAL REMARKS: 4 THE FUTURE IS NOW

GIULIO COCCI CEO

RESHAPE YOUR RELATION WITH COOKING

✓A NEW COMPANY

✓A COOKING COMPANY

✓A SUSTAINABLE COMPANY

✓AN OPPORTUNITY TO CREATE LONG TERM VALUE