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1 Capital Market Story Capital Market Story, September 2026 Source: Elektro Weiland
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2 The facts and information contained herein constitute forward-looking statements as of the date they were made and based upon assumptions as to future events or circumstances that may not prove to be complete or accurate. By their nature, these statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and are difficult to predict. Therefore, actual outcomes or results may differ materially from what is expressed, implied or forecasted in these statements. Neither Zumtobel Group AG nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the facts and information contained in this document or the related oral presentation thereof, including responses to questions following the presentation. Neither Zumtobel Group AG nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document, the facts and/or information. Whilst all reasonable care has been taken to ensure the facts stated herein are accurate and that the assumptions and opinions contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of Zumtobel Group AG as of the date this document was made. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by Zumtobel Group AG as being accurate. DISCLAIMER Capital Market Story, September 2026
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3 Q1 2026/27 in EUR million FY 2025/26 in EUR million Revenues 264.1 (PY 266.4) 1,040.4 (PY 1,097.2) Adjusted Ebit 8.2 (PY 6.6) 42.4 (PY 46.9) Net profit 4.2 (PY –4.0) 1.0 (PY 15.5) THE ZUMTOBEL GROUP AT A GLANCE INNOVATIVE LIGHTING SOLUTIONS, LIGHTING COMPONENTS AND EXTENSIVE SERVICE OFFER Capital Market Story, September 2026 Employees worldwide, more than 1,700 of them in sales ~5,070 Years of experience and light competence 75 of total sales are generated in Europe ~85% Figures based on full year 2025/26
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4 THE GLOBAL LIGHTING MARKET – STRUCTURE AND SIZE Capital Market Story, September 2026 134 Lamps Electronics Consumer Professional Automotive Lighting Backlight 17 (15%) 8 (7%) 31 (17%) 48 (39%) 27 (19%) 3 (3%) Systems services Luminaires Source: Lighting-Market Model. Everything else is based on estimates - everything that is consumer related is based on CSIL, automotive and backlighting on GDP growth, electronics professional is based on the last LIMA Note: Electronics for automotive lighting are not modelled separately, given the limited size of the market. Systems Luminaires Consumer Professional General lighting market Components segment Lighting segment Our targeted segments WORLDWIDE LIGHTING MARKET SIZE IN USD BN
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5 WE MOVE UP THE VALUE CHAIN INTO SMART BUILDING BUSINESS Capital Market Story, September 2026 VALUE CHAIN Components Segment Lighting Segment | LED drivers | Lighting controls and connectivity | LED modules | Emergency lighting | Luminaires | Services | Lighting solutions INDOOR INDOOR & OUTDOOR Partnerships Smart Building Solutions
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6 The LED driver converts mains power supply (AC or DC) into low voltage DC supply required by the LED light source and collects data. The LED modules carry the real light sources: semiconductors. Available in various forms and colours Ambient light and motion detection sensors recognise changes and report back to the management system Lighting Control Systems enables automated lighting adjustment and maintenance according to needs Illumination will automatically be ensured by emergency converters and batteries at mains interruption Wireless devices enable easy individual maintenance and steering of single luminaires or whole systems Office Outdoor Industry THE COMPONENTS SEGMENT – TRIDONIC AT A GLANCE Capital Market Story, September 2026 Tridonic is the technology branch of the ZUMTOBEL GROUP
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7 WHERE OUR PRODUCTS MAKE A CONTRIBUTION TO CUSTOMERS BY OFFERING THEM THE BEST LIGHT Capital Market Story, September 2026 Industry Office & Education Retail and Arts & Culture Health & Care Sports & Arena Urban areas Roads, Transportation & Tunnel Architecture Indoor Outdoor provider of smart, efficient lighting technology for professional applications
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8 LIGHTING INFRASTRUCTURE AS A DIGITAL BACKBONE FOR SMART BUILDINGS Localisation of assets Desk assignment Smart phone-based navigation Air quality measurement Illumination automation Counting people Example: Applications for illumination-based wireless systems in an office + = + Illumination Infrastructure support, electricity source Digital infrastructure Connectivity, sensors beacons, localisation Cloud based applications Building model, dashboard, data time series, data analytics Integrated lighting solutions Smart infrastructure as an ideal basis for new services Our product portfolio Integrated lighting solutions lower investment costs, minimise operating costs and help to reduce the carbon footprint Capital Market Story, September 2026
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9 MARKET INFLUENCERS – KEY TRENDS Capital Market Story, September 2026 SMART & CONNECTED • Hardware to connectivity enabled eco -systems • Scalability and data monetisation • Biggest shift in lighting industry since LED boom VALUE SHIFT • From Product to Solutions with services & turnkey • Miniaturisation, customisation and modularity • Performance contracts, savings pay for upgrades, Opex vs Capex WELLBEING & ENVIRONMENT • Dark Sky protection - OUTDOOR • Wellbeing for workplaces, schools, healthcare, elderly care - INDOOR SUSTAINABILITY • Fit & Forget LED out of date • CDR maintainability • Energy efficiency remains #1 driver DATA, SENSORS & AI • Luminaires become the sensor • AI integrated into controls software • Adaptive lighting & predictive data analytics automates decision making KEY TRENDS
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10 DELIVERING ADDED VALUE FOR OUR CUSTOMERS Capital Market Story, September 2026 SMART & CONNECTEDVALUE SHIFT DATA, SENSORS & AI Building optimisation: With the help of sensor data, visitor flows can be managed to reduce waiting times and prevent overcrowding in certain areas. Introduction of standards: Long-term data analysis can be used to establish standards for building management, air quality, and lighting. This ensures consistency across all company locations. lichtMONITOR allows facility managers to monitor lighting installations through a centralised control system. ENERGY SPACE LIGHTING Support from the initial phase – lighting design and luminaire installation in the high-temperature environment of data centres. Complete portfolio for data centers Data Hall External Spaces Technical Rooms Office Spaces Emergency Lighting Controls
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11 SUSTAINABILITY SUSTAINABILITY, WELLBEING & ENVIRONMENT Capital Market Story, September 2026 WELLBEING & ENVIRONMENT Sustainability Ratings of disassembled parts Design for disassembly availability of solution Maintenance, repair & upgrade of recyclable material Recyclability of recycled material Recycled material used 68% 100% 80% 100% Avenue Lower greenhouse gas emissions Improved sustainability ratings Improved energy management: Analyses of luminaire data can reveal which rooms frequently have lights left on. Focusing on these areas helps to reduce energy consumption.
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12 INVESTMENT DRIVERS – MEGA INVESTMENTS Capital Market Story, September 2026 • €500B DE stimulus, education, healthcare, road, 4% non -residential growth • Clean Tech Manufacturing €92B to boost EU net zero manufacturing • Mega projects Middle East and APAC, e.g. NEOM • NATO & Allied Commitments : Europe pushing to reach 2% of GDP on Defence • SAFE (security action for Europe) €150B loans for EU countries • 5–7% CAGR globally to 2030 • InvestAI to mobilise €200B for investment in AI • EU Green Deal €1000B by 2030 for climate neutrality by 2050 • Road transport 2.8B connected mobility investment Europe • £90B Investment in UK Data Centres, Nordics, FRA & DE to follow • 100 new data centres planned before 2030 UK alone to cater for AI boom • Global market acceleration • 655m USD ‘24 – 1B USD ’29 (lighting) • 9.1 % CAGR Europe to 2030 DEFENCE INFRASTRUCTURE INVESTMENT POLICY DRIVEN INVESTMENT DATA CENTRE EXPANSION SPORTS
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13 … SO WE ARE FACING THE BIGGEST CHANGE SINCE THE LED BOOM WE NEED TO STAY AHEAD OF THE INDUSTRY EVOLUTION AND VALUE MIGRATION Capital Market Story, September 2026 CONNECTIVITY AND IOT ESG EXPECTATIONS FASTER INNOVATION CUSTOMER NEED EVOLUTION FROM PRODUCT… …TO INTEGRATED SOLUTIONS AND SERVICES From standalone to connected systems Lifecycle management, energy data, recyclability Faster NPD, modularity and adaptability Demand for measurable outcomes and services Luminaire
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14 The Zumtobel Group is now able to address additional market potential through the continuing development of its strategic orientation along the value chain towards smart building ecosystems. The technology brand Tridonic is and will remain the innovation leader for components and sensors and will shape the future with consistent investments in research and development as well as the technology related to sensor-based lighting. The aim of the flagship brand Zumtobel is to achieve and maintain a position as Europe’s leading provider of multi-application, circular economy, and cleantech solutions. With the leading international brand Thorn, the Zumtobel Group can address a very broad customer base in the professional lighting business with its coordinated indoor and outdoor solutions. The new Smart Buildings Solutions (SBS) division has consolidated the product portfolio. Keyture, the new innovative software solution, will support the development of new smart space applications and offer customers a holistic service experience. Against this background, strategic partnerships have also been established with SIEMENS, ABB and LEGRAND. 14Capital Market Story, September 2026
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15 ZG-EFFICIENCY PROGRAM SEB MEETING Exec sum We will change Vision slide From to slide If we do STEP CHANGE | TRANSFORMING ZUMTOBEL GROUP TO A BEST- IN-CLASS ORGANIZATION WITH LEAN AND CUSTOMER FACING SETUP Simple Organizational complexity is reduced through clear structures, and transparent responsibilities Lean Duplications, inefficiencies and shadow functions are systematically eliminated, in line with best-in-class benchmarks Cost-efficient Overhead costs are structurally optimized by streamlining processes and leveraging shared services Agile Decisions are made faster by reducing hierarchy levels and removing unnecessary coordination loops Customer-centric Customer-facing roles are enabled to spend more time with clients & supported by leaner back-office structures Capital Market Story, September 2026 15
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16 2025/26 2026/27 2027/28 2028/29 SECURING COMPETITIVENESS THROUGH OPTIMISATION: DELIVERING EUR ~10 MILLION IN SAVINGS IN THE FIRST YEAR Combined expected annual restructuring costs 16Total annual restructuring costs in EUR million EUR 40 – 50 million from 2028/2029 onwards SG&A cost savings in EUR million Operations, procurement, and R&D cost savings in EUR million 3 key levers Lean organization Streamlined processes Shared service center Cost savings are ramping up year-on-year EUR ~10 million Net impact: Capital Market Story, September 2026
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17 UPDATE ON THE COMPONENTS SEGMENT BUILDING WHAT'S NEXT Capital Market Story, September 2026 New business applications beyond LightLighting business Core business For luminaires New applications Leverage controls POWER ELECTRONICS The knowledge of Tridonic – A common principle Whether it's an LED driver, a motor controller, or a battery charger – the underlying task is always similar: 1. Converting voltage/current appropriately (AC DC, high low) 2. Keeping the output stable and regulated (even under load fluctuations) 3. Protective functions (overcurrent, overtemperature, short circuit) 4. Communication/control Renewable Energy & Grid Infrastructure Industry 4.0 / General Power Semiconductors AI Data Centres / Data Centre Power Electric Mobility / Automotive Power Electronics making a change
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18 Capital Market Story, September 2026 18 SALES TRAINING BOT SALES TENDER AUTOMATION DYNAMIC PRICING APPROACH AI empowers sales to identify more opportunities, win more projects, respond faster to customers, and negotiate more effectively — driving higher sales and stronger margins. SALES OPTIMIZATION AT A GLANCE
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19 SALES TENDER AUTOMATION • Automate the analysis of tender documents and match requirements to Zumtobel Group products • Artificial intelligence extracts key requirements • Sales gets a concise summary enabling faster, more accurate tender responses • Tender document analysis requires a considerable amount of manual effort • Due to manual effort and based on size and expertise of sales force in specific regions, not all tenders can be monitored and addressed • Through use of artificial intelligence, insights are created much fasterBENEFITS • Efficiency increase • Improving decision quality • Boost of competitiveness in tender-driven sales • Text extraction • Product mapping • Data provision of match case to sales OBJECTIVEENVIRONMENTSOLUTION Capital Market Story, September 2026
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20 DYNAMIC PRICING APPROACH • The objective is to implement an integration with SAP to provide sales teams with clear, real -time or precalculated pricing suggestions • The dynamic pricing API will receive requests from SAP and return suggestions based on the given customer’s product pricing history or comparable prices for similar customers • Manual price decisions significantly impact P&L, particularly during project negotiations, where Sales grant typically further discounts or special prices to secure deals • We aim to strengthen this process with system -generated price suggestions that Sales can accept or overwrite, enabling more consistent and data -driven pricing decisions OBJECTIVE • Data Pipeline • SAP integration with API • Price Suggestions • Price logging • Workshops/Benchmark testing • AI Predictability check ENVIRONMENTSOLUTION BENEFITS • Significant time savings • Higher pricing consistency • Easier accessibility through SAP front -end integration Capital Market Story, September 2026
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21 SALES TRAINING BOT BENEFITS • Different experience levels: Some employees are newcomers, while others have years of sales experience – the training level varies widely • Lack of consistency: Sales conversations often differ greatly depending on the person. There is rarely a uniform standard for how to approach customers or handle objections • Limited real -time feedback: Employees often receive feedback only after weeks, usually based on sales figures rather than individual conversations or arguments • Enables new sales hires to practice realistic customer conversations with AI-avatars • Helping new sales hires to build confidence, improve pitch quality, and accelerate onboarding • Reducing the need for manual training • The AI uses a defined knowledge pool and a four -level briefing (easy to hard) to simulate negotiation scenarios • Simulation & role -playing: Employees practice typical sales conversations directly with the bot • Real -time feedback & analysis → Personalized learning paths including feedback, highlighting areas for improvement, and tracking of learning progress STARTING POINTOBJECTIVESOLUTION • Cost-efficient & flexible • Scalable training • Personalized learning Capital Market Story, September 2026
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22 17% Sep 25 START 50% FY END 25/26 ~70% FY 26/27 TARGET OPTIMIZATION OPERATIVE PROCUREMENT AUTO PO Materials (pcs) REDUCTION OF PIECES AND AUTOMATED PROCUREMENT PROCESSES STANDARDIZATION DRIVES EFFICIENCY ~27.5% ~70% ~30%Significant boost of efficiency Reduction of purchased parts through process and master data standardization Increased automated procurement processes ~27.5% Capital Market Story, September 2026
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23 Q1 2026/27 RESULTS Capital Market Story, September 2026
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24 Q1 2026/27 RESULTS ZUMTOBEL GROUP IN EUR MILLION Q1 2026/27 Q1 2025/26 CHANGE IN % Group revenues 264.1 266.4 –0.9 Lighting Segment revenues 211.1 210.7 0.2 Components Segment revenues 67.5 70.9 –4.8 Adjusted gross profit margin 1 37.4% 36.7% 0.7pp Adjusted EBIT 8.2 6.6 25.0 Adjusted EBIT margin 3.1% 2.5% 0.6pp Net profit for the period 4.2 –4.0 >100 Q1 2026/27 FINANCIAL OVERVIEW 24 1 incl. development Capital Market Story, September 2026
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25 HIGHER VOLUMES AND COST SAVINGS LEAD TO IMPROVED RESULTS LIGHTING SEGMENT 5.4% 5.9% Q1 10.2% Q2 3.8% Q3 6.4% Q4 11.4 12.5 22.3 7.2 13.7 2025/26 as a % of revenues 2026/27 as a % of revenues 2025/26 2026/27 Q1 Q2 Q3 Q4 210.7 211.1 218.0 190.0 213.7 2025/26 2026/27 FY 2025/26: EUR 832.3 million (–3.7%) REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION FY 2025/26: EUR 54.7 million (margin of 6.6%) fx-adj. –0.3% 0.2% Capital Market Story, September 2026
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26 LOWER MATERIAL COSTS OFFSET THE REVENUE DECLINE COMPONENTS SEGMENT FY 2025/26: EUR 266.4 million (–11.0%) FY 2025/26: EUR 4.6 million (margin of 1.7%) fx-adj. –5.2% –4.8% Capital Market Story, September 2026 Q1 Q2 Q3 Q4 70.9 67.5 67.2 62.0 66.4 2025/26 2026/27 1.9% 2.1% Q1 8.4% Q2 -3.2% Q3 -0.7% Q4 1.3 1.4 5.6 -2.0 -0.4 2025/26 as a % of revenues 2026/27 as a % of revenues 2025/26 2026/27 REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION
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27 ADJUSTED EBIT BENEFITS FROM LOWER COST DESPITE DECLINING REVENUES IN THE COMPONENTS SEGMENT ZUMTOBEL GROUP FY 2025/26: EUR 1,040.4 million (–5.2%) FY 2025/26: EUR 42.4 million (margin of 4.1%) fx-adj. –1.4% –0.9% Capital Market Story, September 2026 Q1 Q2 Q3 Q4 266.4264.1 271.2 237.4 265.4 2025/26 2026/27 2.5% 3.1% Q1 9.2% Q2 0.3% Q3 3.9% Q4 6.6 8.2 25.0 0.6 10.2 2025/26 as a % of revenues 2026/27 as a % of revenues 2025/26 2026/27 REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION
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28 Capital Market Story, September 2026 ADJUSTED GROSS PROFIT MARGIN AT 37.4% ZUMTOBEL GROUP – INCOME STATEMENT IN EUR MILLION Q1 2026/27 Q1 2025/26 CHANGE IN % Revenues 264.1 266.4 –0.9 Adjusted cost of goods sold –165.2 –168.5 –2.0 Adjusted gross profit (incl. development) 98.9 97.9 1.0 as a % of revenues 37.4 36.7 0.7pp Adjusted SG&A expenses –90.7 –91.3 –0.7 Adjusted EBIT 8.2 6.6 25.0 as a % of revenues 3.1 2.5 0.6pp Special effects –0.7 –7.4 –90.5 EBIT 7.5 –0.8 >100 as a % of revenues 2.9 –0.3 3.1pp Financial results –2.8 –3.0 8.8 Profit before tax 4.8 –3.9 >100 Income taxes –0.6 –0.1 <–100 Net profit for the period 4.2 –4.0 >100 Earnings per share (in EUR) 0.11 –0.09 >100 Special effects related to the efficiency programme (EUR –0.7 million)
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29 Capital Market Story, September 2026 CASH FLOW STATEMENT IN EUR MILLION Q1 2026/27 Q1 2025/26 Cash flow from operating results 20.8 12.8 Change in working capital –13.6 2.2 Change in other operating items –10.0 –11.8 Taxes paid/received –1.4 –1.9 Cash flow from operating activities –4.2 1.3 Cash flow from investing activities –12.2 –11.9 Free cash flow –16.4 –10.6 Cash flow from financing activities 4.0 12.0 ZUMTOBEL GROUP – CASH FLOW STATEMENT
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30 Capital Market Story, September 2026 SOLID BALANCE SHEET IN EUR MILLION 31 July 2026 30 April 2026 Total assets 993.3 979.7 Net debt 148.1 128.5 Debt coverage ratio 1.64 1.56 Equity 426.7 421.2 Equity ratio in % 43.0 43.0 Gearing in % 34.7 30.5 CAPEX 10.5 57.3 thereof CAPEX excl. IFRS 16 9.5 46.1 Working capital 230.0 216.4 as a % of rolling 12-month revenues 22.2 20.8 Solid liquidity position backed by: • Consortium credit agreement with a term ending in December 2028 and a volume of EUR 125 million (including clause for an increase in the credit line up to EUR 350 million), thereof EUR 60 million drawn • Credit agreement of EUR 50 million with the European Investment Bank (EIB), thereof EUR 50 million drawn • Uncommitted credit lines totalling EUR 40.8 million Financial covenants attached to: • Debt coverage ratio1 < 3.55 1.64 as of 31 July 2026 • Equity ratio > 23.5% 43.0% as of 31 July 2026 → Covenants tested on 31 October as well as 30 April ZUMTOBEL GROUP – KEY BALANCE SHEET DATA 1 Debt coverage ratio = net debt/EBITDA
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31 CURRENT MARKET OUTLOOK 1.1 0.6 2022 -1.3 1.8 2023 -3.4 2.4 2024 -1.3 0.9 2025 0.8 1.0 2026 2.3 0.9 2027 2028 1.9 0.6 0 – +0.5%> +0.5% negative Growth in non-residential construction in 2027 Source: Euroconstruct June 2026 Development of non-residential construction until 2028 (for selected countries) Key developments ✓ The overall forecast for the Euroconstruct countries in 2026 was downgraded as expected ✓ The forecast for 2027 is stable compared to last November and reflects expectations of a near- term end to the war in the Middle East ✓ New numbers confirm that the sector, in total, is emerging from the recession ✓ New-built growth is expected to outperform renovation in 2027 ✓ The renovation sector, continues to act as a stabilizing anchor in the non-residential construction sector. Key drivers are environmental requirements – making renovation not a choice, but a condition. 31 Capital Market Story, September 2026 0.9 0.3 –0.3 –0.1 0.9 1.6 New-built Renovation Total 1.2
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32 Capital Market Story, September 2026 32 FULL YEAR 2026/27 OUTLOOK REVENUES EXPECTED TO BE AT THE PREVIOUS YEAR'S LEVEL ADJUSTED EBIT MARGIN OF 3 – 5% CAPEX EXCL. IFRS 16 ~EUR 50 MILLION
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34 WE MANAGE LIGHT Your technology partner for lighting solutions Our LED lighting solutions offer customised lighting control from individual components to large lighting systems. Easy to use and versatile, they enable intelligent and sustainable lighting. Our focus is on user-friendly, easy-to-integrate solutions. See our innovative LED technology for yourself. Capital Market Story, September 2026
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35 The LED driver converts mains power supply (AC or DC) into low voltage DC supply required by the LED light source and collects data. The LED modules carry the real light sources: semiconductors. Available in various forms and colours Ambient light and motion detection sensors recognise changes and report back to the management system Lighting Control Systems enables automated lighting adjustment and maintenance according to needs Illumination will automatically be ensured by emergency converters and batteries at mains interruption Wireless devices enable easy individual maintenance and steering of single luminaires or whole systems Office Outdoor Industry THE COMPONENTS SEGMENT – TRIDONIC AT A GLANCE Capital Market Story, September 2026 Tridonic is the technology branch of the ZUMTOBEL GROUP
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36 STRATEGIC POSITIONING Leading: Build on Tridonic ´s values, knowhow and quality to reinforce ties with the traditional customer base – partnership as commoditization alternative Sustainable: Use sustainability leadership to expand into new customer segments Technology: Foster connectivity and data mining to enable new business models Partner: Gradually expand geographical to grow customer base and reach for further economies of scale Sensors: Invest into sensor technology and its integration into the lighting ecosystem IoT: Use digitalization to strengthen market position and customer service levels 36 We expand the position of TRIDONIC as leading sustainable lighting technology partner into sensor-based illumination and IoT Capital Market Story, September 2026
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37 UPDATE ON THE COMPONENTS SEGMENT BUILDING WHAT'S NEXT Capital Market Story, September 2026 New business applications beyond LightLighting business Core business For luminaires New applications Leverage controls POWER ELECTRONICS The knowledge of Tridonic – A common principle Whether it's an LED driver, a motor controller, or a battery charger – the underlying task is always similar: 1. Converting voltage/current appropriately (AC DC, high low) 2. Keeping the output stable and regulated (even under load fluctuations) 3. Protective functions (overcurrent, overtemperature, short circuit) 4. Communication/control Renewable Energy & Grid Infrastructure Industry 4.0 / General Power Semiconductors AI Data Centres / Data Centre Power Electric Mobility / Automotive Power Electronics making a change
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38 Adaptive lighting solutions • Luminaires switch on when actually needed • Reduced light pollution while maintaining safety • Automatic shift to warmer colors to lower environmental impact Get more out of infrastructure • Collect data from luminaires, streets, and buildings • Software to analyse, automate and optimize • Manage energy consumption and reduce carbon emissions SMART City Digitalisation is key to a sustainable future Capital Market Story, September 2026 38
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39 Early action recommendations: Our software provides insights into the service life of hardware components, enabling long-term maintenance planning. Multiple maintenance tasks can be grouped to avoid duplication of work. Improved energy management: Analyses of luminaire data can reveal which rooms frequently have lights left on. Focusing on these areas helps to reduce energy consumption. Building optimisation: With the help of sensor data, visitor flows can be managed to reduce waiting times and prevent overcrowding in certain areas. Introduction of standards: Long-term data analysis can be used to establish standards for building management, air quality, and lighting. This ensures consistency across all company locations. lichtMONITOR enables facility managers to monitor lighting installations through a centralised control system. • Lower greenhouse gas emissions • Improved sustainability ratings Capital Market Story, September 2026
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40 Capital Market Story, September 2026 DC MICROGRID – WHAT IS IT? • DC microgrids distribute power from on-site renewables and storage directly to LED lighting and other DC loads. • PV systems, batteries and electric loads are inherently DC — DC microgrids eliminates unnecessary AC/DC conversions unlocking higher system efficiency and less operating costs. • Operate independently from standard mains supply enhances continuity ideal for critical infrastructure such as industrial sites, hospitals or data centers. • With DC-ready lighting solutions, Tridonic empowers next-generation buildings to fully leverage DC microgrids. DC microgrids AC grid OFF 40
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41 Capital Market Story, September 2026 OUTDOOR SOLAR: KEY POTENTIALS High costs due to cable installation Four challenges that outdoor solar overcomes Disruptions due to interference with existing hardware infrastructure A questionable supply security of energy Discrepancy between design assumptions and actual real requirements Outdoor Solar LED Market Size, by application, 2025 – 2030 in USD billion Source: www.grandviewresearch.com 2025 2026 2027 2028 2029 2030 Solar LED Spot Lights Solar LED Floodlights Solar LED Area Lights Solar Garden LED Lights Solar LED Street Lights 27.5% Global Market CAGR 2025 - 2030
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42 Driver & MPPT (= Edge data engine) PV Module Controls Sensors LED Modules 12 / 24V Battery NFC based bottom access Capital Market Story, September 2026 THE IDEAL SOLUTION Intelligent, autonomous, connected, easy to maintainis it? 42
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44 ZUMTOBEL. THE LIGHT THAT EMPOWERS HUMANS AND BRINGS ARCHITECTURE TO LIFE. EUROPE’S LEADING LIGHTING CHAMPION in multi-application and circular cleantech solutions RETAIL HEALTH CARE ART & CULTURE INDUSTRY OFFICE EDUCATION Innovative product portfolio Digital lighting solutions & services offerings Frontrunner in sustainability Application champion Capital Market Story, September 2026 44
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45 STRATEGIC POSITIONING Flagship brand: Cultivating our 'Signature Design' while extending our exceptional customer reputation (esp. for architects & end users) Multi -application: Expanding our lighting solutions covering four key application fields, including emergency, connectivity and services Made in Europe: Proudly crafted and 100% manufactured in Europe to suit tailored projects for global specifications Sustainability: All our products and solutions adhere to the stringent Zumtobel Circular Design Rules, maximizing Remanufacturing / Re -use / High -value Recycling (“3 Rs”) Cleantech: Empower clients to achieve the lowest lighting -related CO 2 footprint and highest building standards Champion: Premium light quality, both in chip technology (Zumtobel SPECTRUM), system efficiency, and human centric lighting (Active Light) Capital Market Story, September 2026 45 With our flagship brand ZUMTOBEL we establish ourselves as europe’s leading champion in multi-application and circular cleantech solutions
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46 TECTON II Capital Market Story, September 2026 46 Savings valuable installation time: TECTON II TECTON I COMPETITOR 1 COMPETITOR 2 COMPETITOR 3 COMPETITOR 4 INSTALLATION COSTS 71% TECTON II takes continuous-row lighting to the next level. LIGHT FOR THE FUTURE Zumtobel’smodular system stands out with intuitive design, fast tool-free installation and energy-efficient operation. Designed according to holistic sustainability criteria and ready for the circular economy.
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47 UNCOMPROMISINGLY FLEXIBLE: Two emergency lighting circuits and up to three customised circuits – it can be configured according to your requirements. RELIABLE WHEN IT COUNTS: Two separate emergency power circuits for double protection and therefore maximum safety for people in the building. FOR SYSTEM-RELEVANT INFRASTRUCTURE: Suitable for data centres and system-critical infrastructure buildings as standard. FUTURE-ORIENTED: Can be retrofitted at any time and open for future applications from the Internet of Things (IoT) and Smart Lighting. FLEXIBLE POWER TAPPING: The new rotary handle can be easily set to one of three customised circuits: Individual system components can be specifically controlled or intelligently grouped.PLUG-AND-PLAY: The light bar and track connect intuitively and effortlessly. TECTON II • offers 15 poles, elegantly integrated into the track. Scalable for tomorrow: not just general, safety and emergency lighting, but also lighting controls, sensor technology and IoT applications. • becomes the infrastructure for smart buildings and sets new standards for efficiency and sustainability. 15 POLES. MAXIMUM FLEXIBILITY. ROOM FOR POSSIBILITIES. Capital Market Story, September 2026 47
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48 TECTON II – THE BROADEST LUMINAIRE RANGE AVAILABLE FOR TRUNKING APPLICATIONS Capital Market Story, September 2026 INDUSTRY A robust system. For smart industrial environments. RETAIL Dynamic light. For effective product presentation. OFFICES & EDUCATION Stimulating light. For productive work. CRAFT II AMPHIBIA TECTON basic DIM ILD G2 SCENO VIVO II PANOS III CLARIS evolution ECOOS II ECOOS II slim
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49 PRODUCT FOCUS | CONCEPT MATRIX LUMINAIRE INTELLIGENT LIGHTING FOR THE OFFICE OF THE FUTURE Capital Market Story, September 2026 An intelligent lighting system that recognizes activities, automatically optimizes workspaces, and adds atmospheric effects Perfect illumination for: screen work, video calls, breaks, or creative moments Symmetrical lense optic Assymetrical quad reflector 49
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50 PRODUCT FOCUS | CONCEPT MATRIX INTELLIGENT LIGHTING FOR THE OFFICE OF THE FUTURE Capital Market Story, September 2026 50 Person detection Person detection Meeting Object detection Task based lighting Multiple person detection
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52 52 CONTROL & SERVICES SUSTAINABILITY WE KNOW LIGHTING INSIDE OUT Linking people, place, and purpose. Efficient by design, circular by choice. Turning lighting data into better decisions, fast. Retail Urban & Architectural Office Education Industry Health & Care Building perimeter Sports Road & Streets Tunnels Capital Market Story, September 2026
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53 53 With our leading international brand THORN we make connected lighting accessible to the masses, through coherent indoor and outdoor solutions STRATEGIC POSITIONING International Brand: We are a brand recognized internationally, across many continents, for its heritage and proven performance Accessible Connectivity: We make connectivity & IoT affordable for indoor and revolutionize it for outdoor Masses: We aim at a wide network of customers, end users and channel partners, leveraging also the full mid-market potential for us Indoor & Outdoor: Unique proposition in the industry to provide coherent solutions for both, indoor and outdoor applications for commercial and public lighting projects Lighting solutions: Premier luminaires and emergency lighting, powered with advanced sensors and controls Capital Market Story, September 2026
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54 THORN LIGHTING Capital Market Story, September 2026 Lower energy. Lower carbon. Higher impact. Efficient by design, circular by choice. Measure, reduce and report with confidence. Light that shapes places Real projects that turn spaces into experiences. From streets to schools, lighting that shapes identity. Explore the City of Thorn: places, stories, outcomes. Light that drives digital Light that enables sustainability Turn lighting data into better decisions, fast. Digitise buildings with sensors & analytics. From controls to insights – value beyond illumination. Light that connects Lighting links people, places, and purpose in today's increasingly smart and sustainable world. One connected experience. Simple to integrate, easy to manage, built to scale. KEY POINTS OF FOCUS
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55 UrbaSens MOVE UrbaSens PLAY UrbaSens CONNECTLitecomBasicDIM WirelessSensa WIRELESS Keyture WIRED WIRELESS HYBRID WIRED WIRELESS HYBRID WIRED WIRELESS HYBRID CONTROLS SENSORS LIGHT THAT CONNECTS TURNING LIGHTING DATA INTO BETTER DECISIONS, FAST. Capital Market Story, September 2026 INDOOR OUTDOOR 55
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56 LIGHT THAT CONNECTS INTELLIGENT WIRELESS OUTDOOR CONTROL - TOTAL COST OF OWNERSHIP BENEFITS Capital Market Story, September 2026 56 Reduced trenching and cabling which is costly and disruptive Faster installation reducing labour and project timelines Ability to adapt existing wired lighting to the wireless system LAY CONDUIT MOUNT FIXTURES INSTALLATION WIRED WIRELESS PULL WIRES ATTACH CONTROLLERS MOUNT FIXTURES SET UP NETWORK ~50% saving INSTALL CONTROL EQUIPMENT REMOTE CONFIGURATION COMMISSIONING WIRED WIRELESS MANUAL CONFIGURATION DIGITAL CALIBRATION CALIBRATION REMOTE TESTING Simple programming of lighting control from the ground either in situ or remotely Adapt lighting output behaviour and schedules to suit changing environment or events ~60% saving Diagnostics can be performed on the ground or remotely reducing zoned closures Anticipatory / pending faults can be identified earlier and scheduled in with other works Improves life expectancy of luminaires IDENTIFY ISSUE DETECT ISSUE MAINTENANCE WIRED WIRELESS CONDUCT INSPECTION DIAGNOSE REMOTELY REPAIR ON SITE SEND COMMAND ~40% saving REPORTING COLLECT DATA GATHER DATA WIRED WIRELESS COMPILE REPORT GENERATE REPORT DOCUMENT COMPLIANCE AUTOMATE RECORDS Regulatory compliance for sustainability and energy purpose Data generation for standardised reports Increased productivity ENERGY Adaptive lighting based on presence, daylight levels and schedules Dynamic adjustment to optimise lighting behaviour 30-80% energy saving
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57 LIGHT THAT ENABLES SUSTAINABILITY CIRCULAR DESIGN RULES AVENUE 57Capital Market Story, September 2026 68% of disassembled parts Design for disassembly availability of solution Maintenance, repair & upgrade of recyclable material Recyclability of recycled material Recycled material used 100% 80% 100%
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58 LIGHT THAT SHAPES PLACES Capital Market Story, September 2026Capital Market Story, September 2026 58 ALTIS AREAFLOOD PRO BETA AQUAFORCE PROCHALICE • Outside -in complete lighting solution • 60 % energy reduction • Lighting design services to Premier League standard STADIUM OF LIGHT, SUNDERLAND AFC • Controls commissioning services • Maximising fan engagement • Enabling multi -use revenue streams via connectivity platform for sports and events REAL PROJECTS THAT TURN SPACES INTO EXPERIENCES
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59 C I T Y O F Capital Market Story, September 2026 59
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60 Capital Market Story, September 2026 Smart Building Solutions 60
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61 WE CREATE A UNIQUE VALUE PROPOSITION IN THE LIGHTING INDUSTRY OUR THREE DOMAINS FOR CREATING SMART BUILDINGS Capital Market Story, September 2026 Smart Emergency Smart Space Smart Lighting LUMDATA / LTI / LightingGO nBox / SMARTescape / eBox / CPS Monitoring / Sensing / Analyzing
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62 NEW OFFERING: PACKAGED INTO 3 APPS FOR SUBSCRIPTION CORE FEATURES COMBINED AND BUNDLED TO REDUCE COMPLEXITY Capital Market Story, September 2026 • Automated, wireless and cloud- based Lighting Control • Daylight Control • Testing and status of self-contained Emergency luminaires • Luminaire health data for maintenance and spare-part management • Monitoring & reporting of energy consumption & savings of luminaires + other building components • Environmental sensing (air quality, and noise) • AI Recommendations for smart energy management • Occupancy Heatmapping • Space Utilization and Trends ENERGY SPACE LIGHTING
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63 SYSTEM ARCHITECTURE: SYNERGIES ALONG THE VALUE CHAIN SYSTEM COMPONENTS Capital Market Story, September 2026 IP Gateway for up to 50 devices Keyture-Ready Zumtobel & Thorn luminaires Zigbee 3.0 Environmental Sensor ENERGYSPACE LIGHTING
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64 LIGHT THAT DRIVES DIGITAL INDOOR ENVIRONMENTAL QUALITY Capital Market Story, September 2026 64 AIR QUALITY VISUAL QUALITY ACOUSTIC QUALITY THERMAL COMFORT AIM: Increased comfort, improved health, better well-building, and increased productivity within the facility Technical Services Integrated and External Sensors Digital Features LED Luminaires KEYTURE’S BUILDING BLOCKS
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65 FIRST USAGE CYCLE Lower Total Cost of Ownership How can I cut my expenditure costs? REMANUFACTURING TURNKEY SERVICE FOR LUMINAIRES REMANUFACTURING Capital Market Story, September 2026 CUSTOMER NEEDS Minimized waste How can I avoid premature value loss and unnecessary waste generation? Ensure high performance How can I ensure that technology is up to date? SECOND USAGE CYCLE 65 SOLUTION 1 NEW 2 3 11 12 13 REMAN 10 206 9 Zumtobel Luminaires + Trunkings • PRODUCTION Zumtobel Service • INSTALLATION • WARRANTY + Zumtobel Service • REMANUFACTURING • REUSE • DE-INSTALLATION Zumtobel CIRCULAR SERVICES • YEARLY INSPECTION • CO2-CALCULATION • GREEN BUILDING SERVICE Zumtobel Service • WARRANTY + • TRANSPORT • RE-INSTALLATION YEAR REMANUFACTURING AFTER 10 YEARS Stress -free, end -to-end turnkey service: from installation, to take -back, to re -installation
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66 THE FUTURE OF YOUR LIGHTING IS CIRCULAR REMANUFACTURING Capital Market Story, September 2026 66 Better margin Higher contribution margins driven by lower material and production costs, enabling profitable growth even at competitive price points Predictable projects , long -term customer retention Recurring usage cycles create forecastable revenue streams and secure multi -year commitments Operational benefits More efficient use of existing assets and capabilities, reducing operational complexity and improving cost productivity CUSTOMERS Lower Total Cost of Ownership Cut capital expenditure by avoiding costly, full-system hardware replacements Minimized waste Reuse most of luminaire components to reduce your CO2 footprint Evolving performance Get upgrades to the latest technical standards for each new utilization cycle
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67 SMARTSIGN + SMARTescape DYNAMIC ESCAPE ROUTE GUIDANCE Capital Market Story, September 2026 Intelligent emergency exit guidance that saves lives An escape-sign luminaire for all your usage requirements Configurable on mobile: the PROset App Independent in an emergency: interacts with nBox Your building is changing, SMARTSIGN knows it
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68 Energy efficiency regulations & ESG pressure LED modernization of existing buildings Smart buildings & IoT integration Rising energy prices 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0.8 1.0 1.4 ~5.0 >20% CAGR European Market 2024 - 2033 LaaS – A GROWING BUSINESS OPPORTUNITY LIGHT AS A SERVICE Capital Market Story, September 2026 MARKET SIZE EUROPE IN USD BILLION Source: www.credenceresearch.com / www.grandviewresearch.com We address these topics through our Light as a Service offering. WE ADDRESS THESE TOPICS THROUGH OUR LIGHT AS A SERVICE OFFERING
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69 BENEFITS OF LaaS FOR CUSTOMERS LIGHT AS A SERVICE Capital Market Story, September 2026 Sources: Branchenanalysen, Grand View Research, Marktstudien 2024 Financial Benefits: • No high upfront investment (CAPEX → OPEX) • Predictable monthly service fees • 30–70% potential energy savings Operational & Strategic Benefits: • Maintenance & upgrades included • Technology always up to date • Contribution to ESG and CO₂ reduction targets • Digitalization of infrastructure (Smart Lighting) • Improved lighting quality & productivity • Increased workplace safety • Reduced maintenance costs • Greater well-being and satisfaction Conclusion: • LaaS combines cost optimization, sustainability, • and technological modernization in a single model. What advantages should the new lighting solution offer? What are the benefits of actively managing a lighting system?
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70 LIGHT AS A SERVICE BENEFITS OF LaaS FOR ZUMTOBEL GROUP Business Model Transformation: • One-time sales → recurring service revenues • Greater predictability & more stable cash flows • Recurring subscription-based revenues Competitive Advantages: • Stronger customer loyalty through long-term contracts • Integration of Smart Lighting & IoT services • Possibility of data-driven additional services Capital Market Story, September 2026 STRATEGIC: • Positioning as a solution provider rather than a product manufacturer • Supports circular economy and sustainability strategy • LaaS helps offset margin pressure and product commoditization
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71 Capital Market Story, September 2026 SUSTAINABILITY
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72 MEGA TRENDS IN OUR FAVOR OUR APPROACH CO₂ reduction Energy efficiency Green building Digitalisation Refurbishment Circular economy Connectivity Supply chain due diligence Health, well-being and biodiversity Strong European production network Education and engaged employees Sustainable solutions 72Capital Market Story, September 2026
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73 SUSTAINABILITY IS AN INTEGRAL PART OF THE ZUMTOBEL GROUP Capital Market Story, September 2026 Circular economyClimate neutrality Emissions in Scope 1 and Scope 2 further reduced by more than 1,000 t CO2e The “DigiSus“ sustainability platform, which makes it possible for the Zumtobel Group to follow suppliers’ sustainability performance and compliance in real time Pilot project for reuse and high-value recycling together with the Caritas initiative carla Vorarlberg, SPAR and Voestalpine Partner of choice Sustainability Ratings and Initiatives
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74 THE ZUMTOBEL GROUP SUSTAINABILITY LANDSCAPE Capital Market Story, September 2026 CLIMATE NEUTRALITY C I R C U L A R E C O N O M Y PA R T N E R O F C H O I C E W H AT H AS S U STA I N A B I L I T Y TO D O W I T H L I G H T I N G ? Health & Well-being EPDs CDRsDark Skies Circular EconomyServices W H AT I S S U STA I N A B I L I T Y ? RefurbishmentGreen Building Energy EfficiencyUN SDGs Green DealCorporate Sustainability
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75 ENERGY SAVINGS THROUGH LIGHTING REFURBISHMENT Capital Market Story, September 2026 1 Industrial warehouse; 40m/20m/8m 2 Office space; 10m/6m/2.8m 3 Boutique; 5m/10m/5m 4 The calculations are based on a price of 30 cents/kWh Application Luminaire old Energy consumption old [kWh/m2a] Luminaire new Energy consumption new [kWh/m2a] Amortisation in years4 Reduction of energy consumption Savings in €/a4 Reduction of CO2 equivalent [kg/m2a] COPA I 37.54 CRAFT II plus 11.58 1.1 – 69 % 8,963 5.69 TECTON-I 40.38 TECTON C 9.54 0.89 – 76 % 10,647 6.75 ONDARIA O 30.76 ONDARIA 13.04 2.93 – 58 % 497 3.88 RTX II 34.32 ECOOS II 13.46 4.73 – 61 % 585 4.57 SPIRIT 88.98 VIVO II 48.43 1.89 – 46 % 875 8.88 Industry 1 Office 2 Boutique 3
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76 76 Less energy consumption To limit the immense increase in CO2 emissions, modern lighting is needed to reduce energy demand. The improved efficiency of LEDs makes a significant contribution to energy savings. Reducing the costs Energy accounts for the largest share of the operating costs of a lighting installation. Those who save here make substantial savings during enormous energy price increases. And the investment is quickly amortised. Light control for refurbishment A lighting control system reduces your actual energy consumption by an additional 20 percent on average. Opportunity: Refurbishment makes up to ~50% of the non-residential construction REFURBISHMENT – GROWTH MARKET AND BUSINESS OPPORTUNITY Capital Market Story, September 2026
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77 WE HELP OUR CUSTOMERS BECOME MORE SUSTAINABLE Capital Market Story, September 2026 Sustainable sourcing • Suppliers rated on work, ethics, health, safety and environmental issues Operations • Production of luminaires in Dornbirn based on electricity from renewable sources (hydropower) Efficient solutions • Efficient luminaires • Sensor-controlled – light levels depending on daylight and employee presence • 40% less energy use Environmental data • Environmental Product Declarations (EPDs) available describing environmental impacts over product lifecycle Product development • Consistent design allowed for replacement of T16 by LED units in existing tracks • Suitable optics for respective areas Health & biodiversity • Human-centred lighting solution • Reduce the blue component of the light during night shifts • Support the human biorhythm Business • New LED luminaires require less frequent maintenance → reducing maintenance costs • The temperature in the hall could be reduced Circular economy • Existing installed Zumtobel tracks were used to carry the new LED luminaires 1 2 3 4 5 6 7 8
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78 EPBD adopted by European Parliament in April 2024; in effect from June 2026 • Minimum 3% of total floor area of public buildings to be renovated every year; renovations where 25%+ of a building's surface or value is involved must address lighting • By 2030, new buildings must meet nearly zero-energy or zero-emission standards. • All new buildings/buildings undergoing major renovation shall comply with indoor environmental quality standards • All renovations must install LED luminaires with controls and sensors suitable of zoning and occupancy detection with the capability to report data of energy performance of building elements and services to maximize energy savings and performance. • “Worst performing buildings” to be brought above pre- defined thresholds ENERGY PERFORMANCE OF BUILDINGS DIRECTIVE (EPBD) LIGHT THAT ENABLES SUSTAINABILITY Keyture… …offers smart key features that unlock the full potential of Thorn and Zumtobel luminaires in decarbonizing buildings and creating cost-efficient and intelligent property operations Capital Market Story, September 2026
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79Capital Market Story, September 2026 CORPORATE GOVERNANCE, REMUNERATION & SHAREHOLDER STRUCTURE Capital Market Story, September 2026
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80 CORPORATE GOVERNANCE Capital Market Story, September 2026 Supervisory Board Annual General Meeting Executive Board Report Report Election of shareholder representatives Annual approval Report • Annual General Meeting: Shareholders protect their interests and exercise their voting rights at the annual general meeting. The shares of Zumtobel Group AG are issued in accordance with the "one share - one vote" principle. • Two boards with distinctive roles: − Executive Board (EB): responsible for managing the company and representing it vis à vis third parties − Supervisory Board (SB): responsible for monitoring and guiding the EB • 9 Supervisory Board members: − thereof 6 shareholders − thereof 3 employee representatives Appointment, supervision, guidance
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81 SHAREHOLDER STRUCTURE Capital Market Story, September 2026 SHAREHOLDER STRUCTURE INSTITUTIONAL INVESTORS by Investor Group ~64% Other institutional & private investors ~36% ZUMTOBEL family ~31% United States ~22% France ~21% Rest of Europe by region as per June 2026 ~1% Rest of World ~14% Austria ~11% Switzerland
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82 ~40 % Long Term Incentive (LTI) TOTAL TARGET REMUNERATION (TTR) Capital Market Story, September 2026 Fixed remuneration (excl. fringe benefits) Base salary TTR (excl. fringe benefits) Short Term Incentive (STI) Payout in cash ~60 % Payout in cash + = Variable remuneration Structure of Total Target Remuneration Financial Year n Financial Year n + 1 Financial Year n + 2 Financial Year n + 3 Financial Year n + 4
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83 VARIABLE REMUNERATION (STI AND LTI) Capital Market Story, September 2026 Target amount Total target achievement1 Payout in cash Short-Term Incentive (STI) STI payout in cash2 Long-Term Incentive (LTI) LTI payout in cash2 x = 60% EBIT margin 50% Relative TSR 20% Free cash flow 20% ESG targets 50% Revenue growth based on Revenue CAGR Four-year performance period E: -Product responsibility -Sustainable procurement -Op. environmental protection S: -Responsible employer -Product responsibility -Sustainable procurement -Sustainable management G: -Corporate governance & compliance -Sustainable management -Responsible employer Peer Group: STOXX® Europe 600 Industrial Goods & Services 1 0-200% per performance criterion 2 Cap at 200% of target amount
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84 COMMITTED TO OUR DIVIDEND POLICY DIVIDEND IN EUR DIVIDEND POLICY Capital Market Story, September 2026 • We are committed to delivering a continuous and reliable dividend • We aim to distribute approximately 30% to 50% of the consolidated net profit after the deduction of any special effects • Dividend amount will depend on debt coverage ratio level to secure our financial stability0 10 20 30 40 50 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.00 2017/18 2018/19 30.0 2019/20 30.0 2020/21 33.0 2021/22 2022/23 43.7 2023/24 42.0 2024/25 0.00 0.00 0.10 0.20 0.35 0.40 0.25 0.15 2025/26 0.0 30.0 Dividende Payout ratio in % Current proposal to the AGM due to EUR 1 million net profit in 2025/26
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85 Capital Market Story, September 2026 85 BACK UP
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86 Capital Market Story, September 2026 GROUP REVENUES DOWN BY –0.9% IN Q1 2026/27 ZUMTOBEL GROUP – REGIONAL REVENUE DISTRIBUTION IN EUR MILLION Q1 2026/27 Q1 2025/26 CHANGE IN % NOMINAL FX ADJUSTED D/A/CH 101.9 107.3 –5.0 –5.7 Northern and Western Europe 62.8 61.2 2.5 2.9 Southern and Eastern Europe 67.1 70.1 –4.4 –4.5 Asia & Pacific 19.4 17.0 14.6 10.5 Americas & MEA 12.9 10.8 19.8 19.5 Total 264.1 266.4 –0.9 –1.4
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87 FINANCIAL CALENDAR Capital Market Story, September 2026 DATE SUBJECT PERIOD 25 September 2026 50th Annual General Meeting 3 December 2026 Half-Year Financial Report 2026/27 1 May 2026 – 31 October 2026 4 March 2027 Quarterly Report Q1–Q3 2026/27 1 May 2026 – 31 January 2027
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88 WORKING CAPITAL DEVELOPMENT Q1 Q2 Q3 Q4 21.5 21.0 22.2 20.7 20.6 20.4 20.4 20.8 20.8 FY 2024/25 FY 2025/26 FY 2026/27 ZUMTOBEL GROUP – WORKING CAPITAL Capital Market Story, September 2026 • Working capital at EUR 230.0 million as of 31 July 2026 (30 April 2026: EUR 216.4 million) • In % of rolling 12-month revenues, working capital at 22.2% (Q1 2025/26: 21.0%) In %
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89 Capital Market Story, September 2026 SUPPLEMENTARY DATA FOR SEGMENT REPORTING ZUMTOBEL GROUP Lighting Segment Components Segment Reconciliation Group IN EUR MILLION Q1 2026/27 Q1 2025/26 Q1 2026/27 Q1 2025/26 Q1 2026/27 Q1 2025/26 Q1 2026/27 Q1 2025/26 Net revenues 211.1 210.7 67.5 70.9 –14.5 –15.1 264.1 266.4 External revenues 210.7 210.3 53.4 56.1 0.0 0.0 264.1 266.4 Inter-company revenues 0.4 0.3 14.0 14.8 –14.5 –15.1 0.0 0.0 Adjusted EBIT 12.5 11.4 1.4 1.3 –5.8 –6.2 8.2 6.6 Special effects –0.6 –7.4 –0.1 0.0 0.0 0.0 –0.7 –7.4 EBIT 11.9 4.1 1.3 1.3 –5.8 –6.2 7.5 –0.8 Investments 6.1 8.4 1.4 2.6 2.0 1.0 9.5 12.1 Adjusted depreciation –8.8 –9.5 –3.1 –3.2 –1.3 –0.9 –13.2 –13.5
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90 Capital Market Story, September 2026 FIVE-YEAR OVERVIEW ZUMTOBEL GROUP IN EUR MILLION 2025/26 2024/25 2023/24 2022/23 2021/22 Revenues 1,040.4 1,097.2 1,127.0 1,209.2 1,148.3 Adjusted EBIT 42.4 46.9 57.3 84.3 60.8 as a % of revenues 4.1 4.3 5.1 7.0 5.3 EBIT 23.1 33.0 49.5 84.3 60.8 as a % of revenues 2.2 3.0 4.4 7.0 5.3 Net profit/loss for the year 1.0 15.5 24.7 60.0 45.8 as a % of revenues 0.1 1.4 2.2 5.0 4.0 Total assets 979.7 989.6 987.2 1,002.4 1,005.4 Equity 421.2 424.9 425.2 421.7 382.8 Equity ratio in % 43.0 42.9 43.1 42.1 38.1 Net debt 128.5 118.5 77.1 86.9 95.1 Cash flow from operating results 82.6 86.4 105.8 140.2 122.7 CAPEX excl. IFRS 16 46.1 54.2 50.8 54.5 45.3 as a % of revenues 4.4 4.9 4.5 4.5 3.9 R&D total 73.6 74.1 72.7 67.8 67.5 as a % of revenues 7.1 6.8 6.5 5.6 5.9 Headcount incl. contract workers (FTE) 5,067 5,299 5,350 5,503 5,782
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91 Capital Market Story, September 2026 ZUMTOBEL GROUP AG Investor Relations investorrelations@zumtobelgroup.com www.zumtobelgroup.com