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1 Q1 2026/27 MANAGEMENT PRESENTATION 3 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 Q1 2026/27 results
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4 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 4 1 incl. development Q1 2026/27 results
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5 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% Q1 2026/27 results
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6 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% Q1 2026/27 results 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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7 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% Q1 2026/27 results 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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8 Q1 2026/27 results 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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9 Q1 2026/27 results 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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10 Q1 2026/27 results 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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11 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. 11 Q1 2026/27 results 0.9 0.3 –0.3 –0.1 0.9 1.6 New-built Renovation Total 1.2
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12 Q1 2026/27 results 12 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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13 Q1 2026/27 results 13 BACK UP
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14 Q1 2026/27 results 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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15 FINANCIAL CALENDAR Q1 2026/27 results 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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16 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 Q1 2026/27 results • 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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17 Q1 2026/27 results 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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18 Q1 2026/27 results 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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19 Q1 2026/27 results ZUMTOBEL GROUP AG Investor Relations investorrelations@zumtobelgroup.com www.zumtobelgroup.com