Slides
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H1 2026 Results INVESTORS PRESENTATION Global leader in professional electroacustic transducers
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H1 2026 Results 2 INDEX Today's Speakers H1 2026 Key Facts H1 2026 Financial Results Key Takeaways Appendix
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TODAY’S SPEAKERS H1 2026 Results 3 Lorenzo Coppini, CEO Francesco Spapperi, CFO Lorenzo Coppini began his career at B&C Speakers in 1993 He joined the Board of Directors in 1995, where he was responsible for sales and marketing, and has been CEO of B&C Speakers since 2007 He has been working at B&C since 2007 as the Manager responsible for preparing mandatory accounting documents Prior to this experience, he worked at the auditing firms Arthur Andersen and then Deloitte&Touche, gaining training in the field of national and international principles for preparing individual and consolidated financial statements
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KEY FACTS H1 2026 Results 4 Good operational resilience: EBITDA margin remains close to 20% Significant increase of net profit (+8% YoY ,with a margin of 13%) Strong cash flow generation (FCF of Euro 5.1 million), after dividend payment of Euro 7.6 million Europe remains the Group's leading geographical area, representing 50% of consolidated revenues Resilient performance across all key metrics, underpinned by geographic diversification
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KEY FINANCIAL HIGHLIGHTS H1 2026 Results Euro 47.0 M Total revenues Euro 9.1 M EBITDA Euro 6.2 M Net profit Euro 4.7 M Net financial debt Preservation of profitability and growth of net profit, backed by balance sheet soundness, even in a more challenging market environment 5 Sales trend reflects greater caution in customers’ order planning 19.4% margin is in the range of historical performance 13.1% margin is in line with the average recent years Reflecting dividend payment of Euro 7.6 million in the first half
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P&L H1 26: REVENUES & GROSS MARGIN 6 Revenues Gross Margin Operating resilience • Broad geographic diversification helped to mitigate geopolitical and commercial uncertainty • Substantial stability of gross margin reflecting ability to adapt operating structure to market conditions €/million €/million H1 2026 Results
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P&L H1 26: REVENUES GEOGRAPHIC BREAKDOWN 7 • Europe (exc Italy) still the Group’s largest market (50% of revenues), ahead of North America (18%) and Asia-Pacific (14%) • Growth across Italy (+44%) and Latin America (+26%) reinforces the Group's geographic diversification strategy H1 2026 Results H1 25 H1 26
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P&L H1 26: EBITDA, EBIT & NET RESULT 8 Profitability protection • Profitability levels preserved by tight cost control activities • Disciplined cost control and lower financial charges driving net profit growth and a 13.1% net margin EBITDA EBIT Net Result €/million €/million €/million H1 2026 Results
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BALANCE SHEET HIGHLIGHTS H1 2026 9 Net Financial Position NWC • NFP reflecting dividend payment of Euro 7.6 million • Growth of net working capital mainly driven by higher inventory €/million €/million H1 2026 Results
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CASH FLOW H1 2026 BRIDGE 10 • FCF of Euro 5.1 million in the first half of the year • Group's ability to convert earnings into cash confirmed H1 2026 Results Recurring cash generation remains a hallmark of B&C Speakers enabling the Group to balance growth investments, financial solidity and shareholder returns
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OUTLOOK & KEY TAKEAWAYS H1 2026 Results 11 Limited visibility on H2, with performance potentially softer than H1 B&C Speakers continues to manage the business with industrial flexibility, operating discipline and tight cost control, while maintaining a clear focus on medium- to long-term growth initiatives The Group continues to invest in strengthening its international commercial presence Market indications continue to suggest that the current demand caution is largely temporary Management remains focused on preserving high levels of profitability and financial efficiency. Despite limited S/T visibility, continued focused on profitability, financial efficiency and cash generation, alongside ongoing investments in the international commercial footprint, distribution platform and product portfolio to support ML/T growth
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Appendix
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PROFIT & LOSS H1 2026 13 Appendix
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BALANCE SHEET H1 2026 14 Appendix
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CASH FLOW H1 2026 15 Appendix
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SAFE HARBOUR STATEMENT Certain statements in this slide show, including those addressing the Company’s beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statements. They are based on the assumptions, beliefs and expectations of our management team as of the date this slide show was prepared. Forward-looking statements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate. Forward-looking statements may also be affected if our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed, and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. For additional information concerning other factors that may affect the Company’s current and future business, results of operations and financial condition, we suggest you review the Company’s filings with Borsa Italiana. The Company undertakes no obligation to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof. 16
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CONTACTS Investors Relations Lorenzo Coppini - CEO and IR Francesco Spapperi - CFO Davide Norelli - Controller IR Advisor My Twin Communication bcspeakers@mytwincommunication.com Office Via Poggiomoro, 1 – Vallina, Bagno a Ripoli (FI), 50012, Italy Phone: +39 055 6572303 E-mail investors@bcspeakers.com