Slides
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Q1 2026/27 Results 30 July 2026
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1 OVERVIEW
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© Novem Group Public Page 330 July 2026 Q1 2026/27 key events ▪ Novem reported total revenue of €132.6m, corresponding to an increase of +2.8% compared to the same quarter last year ▪ Year-on-year growth in revenue primarily attributable to favourable Tooling business, with Series remaining largely stable ▪ Persistent geopolitical challenges continued to shape market conditions across the automotive industry with regional differences ▪ Adj. EBIT of €8.8m improved, driven by higher turnover and led to a profit margin of 6.6% for the quarter under review ▪ Furthermore, sustained cost discipline across the business helped underpin profitability ▪ During the reporting period, the award of a platform from Scout Motors further diversified the customer portfolio ▪ Moreover, additional business with BMW, General Motors and Mercedes-Benz secured ▪ Novem continued to expand its expertise in high-quality surface finishing and invested in DLyte technology ▪ As of 01 July 2026, new location in Shanghai (China) established to further strengthen the footprint in Asia Performance benefited from higher revenue and ongoing cost management
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© Novem Group Public Q1 2026/27 financial highlights Revenue (€m) 128.9 Adj. EBIT (€m) Adj. EBIT margin (%) Net leverage (x Adj. EBITDA) Free cash flow (€m) Q1 2025/26 Q1 2026/27 132.6 7.7 8.8 6.0% 6.6% 1.3 2.0x 4.8 1.8x Page 430 July 2026
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2 GROUP RESULTS Page 5
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© Novem Group Public 116.1 108.1 112.1 116.4 9.5 9.7 26.4 16.2 125.5 117.9 138.6 132.6 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 Revenue Series Revenue Tooling 116.8 116.4 12.2 16.2 128.9 132.6 Q1 25/26 Q1 26/27 Revenue Series Revenue Tooling Revenue 30 July 2026 Page 6 ▪ Total revenue of €132.6m in the first quarter of 2026/27 increased against prior year by +2.8% ▪ Measured at constant foreign exchange rates, top line in Q1 2026/27 would have been higher by €+0.3m or +0.2% ▪ Revenue Series of €116.4m remained nearly flat y/y in almost all regions and contributed 87.8% to total revenue ▪ Latest publicly available data on the LVP market indicates a year- on-year decrease of -0.2% for the period under review ▪ Revenue Tooling of €16.2m outperformed last year by +33.3% due to several project closures ▪ On a twelve-month basis, total revenue recorded at €514.6m and exceeded last quarter by €+3.6m or +0.7% Revenue (€m) Highlights LTM revenue (€m) 514.6 +2.8%
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© Novem Group Public 7.7 6.8 9.6 8.8 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 7.7 8.8 Q1 25/26 Q1 26/27 Adj. EBIT 30 July 2026 Page 7 ▪ Adj. EBIT in Q1 2026/27 of €8.8m marked a positive turnaround, improving by €+1.1m or +14.1% versus prior year, resulting in a profit margin of 6.6% ▪ Stable Series business provided a solid foundation in a challenging market environment ▪ Robust revenue Tooling, led by Europe and Americas, contributed positively to higher operating result ▪ Moreover, bottom line benefited from lower other operating expenses compared to last year ▪ As outlined previously, continued focus on cost efficiency, including the short-time work agreement in Germany, supported profitability ▪ LTM Adj. EBIT stood at €32.9m and recorded above previous quarter by €+1.1m Adj. EBIT (€m) Highlights LTM Adj. EBIT (€m) +14.1% 32.9
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© Novem Group Public 15.8 21.3 9.7 4.8 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 1.3 4.8 Q1 25/26 Q1 26/27 Free cash flow 30 July 2026 Page 8 ▪ Free cash flow of €4.8m was well above last year by €+3.5m for the reporting period under review ▪ Cash flow from operating activities of €5.9m was ahead of prior year by €+3.6m due to the following reasons: ▪ Higher trade payables (€+22.5m), lower trade receivables (€+6.1m), increased provisions (€+5.1m) as well as Others (€+2.2m); largely offset by lower profit for the period (€-14.0m), other liabilities (€-10.2m) and higher tax payments (€-8.1m) ▪ Cash out-flow for investing activities of €-1.0m was broadly in line with previous year’s level of €-0.9m ▪ Free cash flow for the last rolling twelve months of €51.7m exceeded previous quarter by €+3.5m or +7.3% Free cash flow (€m) Highlights LTM free cash flow (€m) 51.7 >100%
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© Novem Group Public 1.8 1.7 Q1 25/26 Q1 26/27 2.4 3.6 4.6 1.7 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 Capital expenditure 30 July 2026 Page 9 ▪ In Q1 2026/27, capital expenditure of €1.7m slightly came down by €-0.1m or -4.6% compared to previous year ▪ Based on total revenue of €132.6m, the underlying capex ratio of 1.3% came in below last year’s figure of 1.4% ▪ The largest part of capex was invested in Pilsen (€0.6m) and Querétaro (€0.5m) ▪ Majority of the investments was growth-related and necessary for the ramp-up of new projects ▪ On a last-twelve-month basis, Novem made overall investments in the amount of €12.3m ▪ Based on LTM total revenue of €514.6m, capex ratio recorded at 2.4%, equalling last quarter’s number of 2.4% Capital expenditure (€m) Highlights LTM capital expenditure (€m) -4.6% 12.3
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© Novem Group Public 51.8 50.4 30.6 33.6 79.9 74.4 13.1 15.0 -38.5 -33.8 136.9 139.6 Q1 25/26 Q1 26/27 Inventories Receivables Tooling net Contract assets Payables ▪ As of 30 June 2026, total working capital recorded slightly above last year at €139.6m (€136.9m PY) ▪ Variance of €-2.7m y/y came from lower payables (€-4.7m) as well as higher trade receivables (€-3.0m) and contract assets (€-1.9m); on the other hand, lower tooling net (€+5.5m) and inventory levels (€+1.4m) ▪ Lower tooling net due to decrease in unfinished tools, tooling receivables, tooling trade payables and advance payments; conversely, increase in tooling provision ▪ As a percentage of LTM revenue, total working capital recorded at 27.1% as of 30 June 2026 (25.8% PY) ▪ Trade working capital (w/o both tooling net and contract assets) developed unfavourably from €43.9m prior year to €50.2m ▪ While DSO of 38 days (34 PY) and DPO of 44 days (51 PY) worsened, DIO of 39 (40 PY) developed favourably Total working capital 30 July 2026 Page 10 Total working capital (€m) Highlights LTM total working capital (€m) +2.0% 50.1 50.8 48.3 50.4 27.5 18.1 32.2 33.6 77.4 66.8 69.4 74.4 12.0 14.4 13.8 15.0 -29.8 -23.3 -31.7 -33.8 137.2 126.8 132.1 139.6 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 Inventories Receivables Tooling net Contract assets Payables
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© Novem Group Public 293.9 192.6 -143.2 -82.2 150.7 110.4 Gross financial debt Cash and cash equivalents Jun 25 Jun 26 ▪ As of 30 June 2026, gross financial debt of €192.6m declined by €-101.3m in comparison to the same reporting date last year ▪ Lease liabilities, by definition forming part of gross financial debt, amounted to €35.5m (€43.5m PY) ▪ Principal sources of funds contained €82.2m cash (€143.2m PY) and €36.2m from non-recourse factoring (€37.9m PY) ▪ Net financial debt as of 30 June 2026 recorded at €110.4m and diminished sequentially versus prior year (€150.7m) ▪ Net financial debt decreased y/y, primarily driven by the extension of the €250m term loan and its partial repayment of €90m, resulting in lower gross financial debt and cash balances ▪ Net leverage ratio of 1.8x Adj. EBITDA stood at a lower level than previous year (2.0x) Capital structure 30 July 2026 Page 11 Net financial debt (€m) Highlights LTM net leverage ratio 2.0x 1.8x 288.5 305.5 -169.9 -134.4 118.7 171.2 Gross financial debt Cash and cash equivalents Jun 23 Jun 24 2.0 1.8 1.8 1.8 Sep 25 Dec 25 Mar 26 Jun 26
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3 RESULTS BY OPERATING SEGMENTS
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© Novem Group Public 41.7 48.7 67.7 60.0 68.5 60.5 61.2 61.6 15.4 8.7 9.7 10.9 125.5 117.9 138.6 132.6 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 Europe Americas Asia 55.2 60.0 61.4 61.6 12.3 10.9 128.9 132.6 Q1 25/26 Q1 26/27 Europe Americas Asia Revenue by operating segments 30 July 2026 Page 13 ▪ From a geographic perspective, revenue increased across all regions by €+3.6m mainly due to Europe and Americas, while Asia declined ▪ In Europe, revenue growth (€+4.9m y/y) was supported by strong Tooling revenue due to project closures of Porsche Boxster, Hyundai Grandeur as well as BMW 3-series, 4-series and X5 ▪ Revenue in Americas (€+0.2m y/y) remained almost unchanged ▪ Decline of revenue in Asia (€-1.4m y/y) primarily resulted from lower Tooling business, partly compensated by increase of Series sales ▪ LTM revenue showed the following allocation across the regions: 48.9% Americas, 42.4% Europe and 8.7% Asia Revenue by region (€m) Highlights LTM revenue by region (€m) +2.8% 514.6
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© Novem Group Public -3.3 -0.6 10.4 9.3 0.5 -0.0 7.7 8.8 Q1 25/26 Q1 26/27 Europe Americas Asia -7.3 -6.1 1.1 -0.6 15.0 11.7 9.3 9.3 -0.0 1.2 -0.7 -0.0 7.7 6.8 9.6 8.8 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 Europe Americas Asia Adj. EBIT by operating segments 30 July 2026 Page 14 ▪ Adj. EBIT recorded at €8.8m and increased by €+1.1m compared to €7.7m prior year due to an improvement in Europe (€+2.7m), while Americas (€-1.1m) and Asia (€-0.5m) decreased ▪ Europe significatly reduced its Adj. EBIT loss from €-3.3m in last year to €-0.6m, predominantely supported by project closures as well as ongoing cost control initiatives such as short-time work agreements in Germany ▪ In Americas, Adj. EBIT of €9.3m (€10.4m PY) was affected by lower income from others ▪ Adj. EBIT of €-0.0m in Asia (€0.5m PY) fell short of previous year, negatively affected by lower Tooling business, while Series sales increased and input costs became more favourable ▪ In Q1 2026/27, LTM Adj. EBIT increased by +3.4% from €31.8m to €32.9m compared to preceding quarter Adj. EBIT by region (€m) Highlights LTM Adj. EBIT by region (€m) +14.1% 32.9 75.8 60.6 60.6 50.6 72.3 60.1 74.5 75.1 23.7 18.1 14.5 14.4 171.9 138.7 149.7 140.1 Q2 23/24 Q3 23/24 Q4 23/24 Q1 24/25 Europe Americas Asia
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4 QUESTIONS & ANSWERS
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5 APPENDIX
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© Novem Group Public Profit and loss statement 30 July 2026 Page 17 Profit and loss statement (€m) Q1 2025/26 Q1 2026/27 Revenue 128.9 132.6 Increase or (decrease) in finished goods and work in process 0.4 0.8 Total operating performance 129.4 133.4 Other operating income 3.3 0.7 Cost of materials -62.6 -67.0 Personnel expenses -38.0 -37.5 Depreciation, amortisation and impairment -7.9 -7.2 Other operating expenses -16.4 -13.6 Adj. EBIT 7.7 8.8 Adjustments -0.2 -0.4 Operating result (EBIT) 7.5 8.3 Finance income 17.7 0.7 Finance costs -4.2 -5.9 Financial result 13.4 -5.2 Income taxes -1.6 -1.6 Deferred taxes -3.7 0.1 Income tax result -5.3 -1.5 Profit for the period 15.6 1.6
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© Novem Group Public Balance sheet 30 July 2026 Page 18 Balance sheet (€m) 30 Jun 2025 30 Jun 2026 30 Jun 2025 30 Jun 2026 Total equity 92.1 100.3 Intangible assets 2.8 2.8 Pensions and similar obligations 26.4 25.1 Property, plant and equipment 163.1 147.9 Other provisions 2.5 3.3 Trade receivables 43.8 43.3 Financial liabilities 249.4 156.0 Other non-current assets 16.8 18.6 Other liabilities 42.2 33.9 Deferred tax assets 5.1 4.6 Deferred tax liabilities 5.4 2.5 Total non-current assets 231.7 217.2 Total non-current liabilities 326.0 220.8 Inventories 95.6 87.2 Tax liabilities 1.7 2.3 Trade receivables 45.4 46.8 Other provisions 25.8 37.7 Other receivables 23.4 11.0 Financial liabilities 1.0 1.1 Other current assets 14.8 15.0 Trade payables 42.8 36.0 Cash and cash equivalents 143.2 82.2 Other liabilities 64.8 61.3 Total current assets 322.4 242.3 Total current liabilities 136.0 138.4 Assets 554.1 459.5 Equity and liabilities 554.1 459.5
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© Novem Group Public Q1 2025/26 Q1 2026/27 Profit for the period 15.6 1.6 Income tax expense (+)/income (-) 1.6 1.6 Financial result (+)/(-) net -13.4 5.2 Depreciation, amortisation and impairment (+) 7.9 7.2 Other non-cash expenses (+)/income (-) 15.7 -1.7 Increase (-)/decrease (+) in inventories -2.4 -1.2 Increase (-)/decrease (+) in trade receivables -9.4 -3.3 Increase (-)/decrease (+) in other assets -3.0 -0.7 Increase (-)/decrease (+) in deferred taxes 3.7 -0.1 Increase (-)/decrease (+) in prepaid expenses/deferred income 0.2 2.1 Increase (+)/decrease (-) in provisions -1.4 3.6 Increase (+)/decrease (-) in trade payables -18.4 4.0 Increase (+)/decrease (-) in other liabilities 0.3 -9.8 Gain (-)/loss (+) on disposals of non-current assets -0.0 - Cash received (+) from/cash paid (-) for income taxes 5.4 -2.7 Cash flow from operating activities 2.3 5.9 Cash flow statement 30 July 2026 Page 19 Cash flow statement (€m)
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© Novem Group Public Q1 2025/26 Q1 2026/27 Cash received (+) from disposals of property, plant and equipment 0.0 0.0 Cash paid (-) for investments in intangible assets -0.0 -0.3 Cash paid (-) for investments in property, plant and equipment -1.8 -1.4 Interest received (+) 0.9 0.7 Cash flow used in investing activities -0.9 -1.0 Cash repayments of loans and other financing activities - -93.5 Cash paid (-) for lease liabilities -3.9 -1.5 Interest paid (-) -3.4 -3.4 Cash flow used in financing activities -7.3 -98.4 Net increase (+)/decrease (-) in cash and cash equivalents -6.0 -93.6 Effect of exchange rate fluctuations on cash and cash equivalents -0.9 0.6 Cash and cash equivalents at the beginning of the reporting period 150.1 175.2 Cash and cash equivalents at the end of the reporting period 143.2 82.2 Cash flow statement (cont’d) 30 July 2026 Page 20 Cash flow statement (€m)
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© Novem Group Public Q1 2025/26 Q1 2026/27 Revenue 128.9 132.6 EBIT 7.5 8.3 EBIT margin 5.8% 6.3% Restructuring 0.2 0.1 Others 0.0 0.3 Exceptional items 0.0 0.3 Discontinued operations - - Adjustments 0.2 0.4 Adj. EBIT 7.7 8.8 Adj. EBIT margin 6.0% 6.6% EBIT adjustments 30 July 2026 Page 21 EBIT adjustments (€m)
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© Novem Group Public Page 2230 July 2026 Definitions and basis of preparation of the financial information ▪ Adj. EBIT is defined as EBIT adjusted for certain adjustments which management considers to be non-recurring in nature, as Novem believes such items are not reflective of the ongoing performance of the business ▪ Adj. EBIT margin is defined as Adj. EBIT divided by revenue ▪ Adj. EBITDA is defined as EBITDA adjusted for certain adjustments which management considers to be non-recurring in nature, as Novem believes such items are not reflective of the ongoing performance of the business ▪ Adj. EBITDA margin is defined as Adj. EBITDA divided by revenue ▪ Capital expenditure is defined as the sum of cash paid for investments in property, plant and equipment and cash paid for investments in intangible assets excluding currency translation effects ▪ Cash conversion is defined as free cash flow divided by Adj. EBITDA ▪ Days inventory outstanding (DIO) is defined by dividing inventories (as shown in the consolidated statement of financial position, but excluding tooling) by revenue generated from the sale of series trim elements in the last three months ▪ Days payables outstanding (DPO) is defined by dividing trade payables (as shown in the consolidated statement of financial position, but excluding tooling) by net costs series incurred in the three months ▪ Days sales outstanding (DSO) is defined by dividing trade receivables (as shown in the consolidated statement of financial position, but excluding tooling) by revenue generated from the sale of series trim elements in the last three months ▪ EBIT is defined as profit for the year before income tax result and financial result ▪ EBITDA is defined as profit for the year before income tax result, financial result and amortisation and depreciation ▪ Free cash flow is defined as the sum of cash flow from operating and investing activities ▪ Gross financial debt is defined as the sum of liabilities to banks and lease liabilities ▪ Net financial debt is defined as gross financial debt less cash and cash equivalents ▪ Net leverage ratio is defined as the ratio of net financial debt to Adj. EBITDA ▪ Tooling net is defined as all costs and revenue related to tools, tool development and prototypes as well as pre-series business ▪ Total operating performance is defined as the sum of revenue and increase or decrease in finished goods ▪ Total working capital is defined as the sum of inventories, trade receivables and contract assets excluding expected losses less trade payables, tooling advance payments received and other provisions related to tooling ▪ Trade working capital is defined as the sum of inventories non-tooling and trade receivables related to non-tooling less trade payables related to non-tooling
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© Novem Group Public Page 2330 July 2026 Further information and disclaimer Date of publication 30 July 2026 Contact investor.relations@novem.com | All information is constantly updated and available. Please visit the Investor Relations Portal on the Company website: https://ir.novem.com Editor Novem Group S.A. | 19, rue Edmond Reuter | 5326 Contern | Luxembourg | www.novem.com Financial information This presentation contains unaudited financial information for Novem, which may be subject to change. Disclaimer Novem Group S.A. (the “Company”, “Novem”) has prepared this presentation solely for your information. It should not be treated as giving investment advice. Neither the Company, nor any of its directors, officers, employees, direct or indirect shareholders and advisors nor any other person shall have any liability whatsoever for any direct or indirect losses arising from any use of this presentation. While the Company has taken all reasonable care to ensure that the facts stated in this presentation are accurate and that the opinions contained in it are fair and reasonable, this presentation is selective in nature. Any opinions expressed in this presentation are subject to change without notice and neither the Company nor any other person is under any obligation to update or keep current the information contained in this presentation. Where this presentation quotes any information or statistics from any external source, you should not interpret that the Company has adopted or endorsed such information or statistics as being accurate. This presentation contains forward-looking statements, which involve risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those described in, or expressed or implied by, such statements. These statements reflect the Company’s current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, “project” and “target”. No obligation is assumed to update any such statement. Numbers were rounded to one decimal. Due to rounding, the numbers presented may not add up precisely to the totals provided.
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Novem Group S.A. 19, rue Edmond Reuter | 5326 Contern | Luxembourg Email: investor.relations@novem.com www.novem.com