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1 October 23 rd , 2026 Q3 202 6 Results
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Important information Forward - Looking Statements and Risks & Uncertainties This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward - looking statements that reflect the intentions, beliefs or current expectations and projections of Signify N . V . (the “Company”, and together with its subsidiaries, the “Group”), including statements regarding strategy, estimates of sales growth and future operational results . By their nature, these statements involve risks and uncertainties, and there may be many factors that could cause actual results or outcomes to differ materially from those expressed in or implied by these statements . These risks, uncertainties and other factors include macroeconomic developments, geopolitical volatility and related regulatory developments (including trade tariffs), supply shortages, commoditization, AI and digital disruption, execution risks in our enterprise resource planning transformation, insufficient talent and organizational capabilities, currency risks, changes in international tax laws, cybersecurity risk, and increasing export controls, sanctions and trade restrictions . The above risks may not include all factors that ultimately affect the Group . Additional risks and uncertainties that are currently not known to the Group or not considered material may have a material adverse effect on the business, strategy, results of operations, financial condition and prospects of the Group, or prevent the forward - looking events discussed from occurring . The Group undertakes no duty to and will not necessarily update any of the forward - looking statements in light of new information or future events, except to the extent required by applicable law . Market and Industry Information All references to market share, market data, industry statistics and industry forecasts in this document consist of estimates compiled by industry professionals, competitors, organizations or analysts, of publicly available information or of the Group’s own assessment of its sales and markets . Rankings are based on sales unless otherwise stated . Non - IFRS Financial Measures Certain parts of this document contain non - IFRS financial measures and ratios, such as comparable sales growth, adjusted gross margin and indirect costs, EBITA, adjusted EBITA, continuing net income, free cash flow, net debt, working capital, Brighter lives revenues, Circular revenues and other related ratios, which are not recognized measures of financial performance or liquidity under IFRS . The non - IFRS financial measures presented are measures used by management to monitor the underlying performance of the Group’s business and operations . Not all companies calculate non - IFRS financial measures in the same manner or on a consistent basis and these measures and ratios may not be comparable to measures used by other companies under the same or similar names . A reconciliation of a number of non - IFRS financial measures to the most directly comparable IFRS financial measures is contained in appendix B, Reconciliation of non - IFRS financial measures, of the press release . For further information on non - IFRS financial measures, see "Chapter 18 Reconciliation of non - IFRS measures" in the Annual Report 2025 , and the Semi - Annual Report 2026 . Presentation All amounts are in millions of euros unless otherwise stated . Due to rounding, amounts may not add up to totals provided . All reported data is unaudited . Unless otherwise indicated, financial information has been prepared in accordance with the accounting policies as stated in the Annual Report 2025 , and the Semi - Annual Report 2026 . 2
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3 Content Highlights Q3 2026 performance Q3 2026 financial performance Outlook & closing remarks Q&A
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4 Strategy execution highlights Portfolio focus Performance step - up BUILD HARVEST India growth Prof Europe turnaround (2027) Consumer productivity and growth OEM turnaround (2026) Genlyte turnaround (2026) Klite strategic option R&D returns
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Bringing an iconic landmark to life through professional lighting in Romania • Combining architectural luminaires, lighting design and controls in one project • Delivered in collaboration with our partner Luxten , demonstrating Signify’s ability to work with partners on complex projects • Multiple lighting solutions work together to illuminate the facade, roofline, dome and architectural details, while enabling different lighting scenes 5
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Winning with adjacencies – Fan business in India • Entered EUR 1.4billion fans market in India, with EcoLink brand • In 2024, leveraged design - led innovation , as a differentiator, to grow in BLDC * fans • Strengthened EcoLink brand awareness through mass - media and digital advertising, Indian Premier League (IPL) sponsorships and in - store investments • Fans grew 61% YTD across > 11,000 retailers * Brushless Direct Current (BLDC) motor replaces existing induction motors in fans, to make them more energy efficient and silent 6
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Benefits Beyond Illumination Resource Efficiency Energy Efficiency Beyond illumination revenues Cumulative annual energy saved (TWh) Reduction in portfolio CO2e emission intensity annualized* 2030 target Signify Circle revenues in Professional Europe 2024 baseline 31% 41% 0 60 0% 35% 10% 27.5% Brighter Lives, Better World 2030 Improving lives, saving energy, preserving resources 36.3% 12 11.1% 21.8% Q3 2026 YTD results *With a stable grid factor throughout the program Off track On track 7
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8 Content Highlights Q 3 2026 performance Q3 2026 financial performance Outlook & closing remarks Q&A
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9 Signify reports third quarter CSG of - 3.4% with an operational profitability of 10.6% incl. US tariff refund Sales (in EURm) & comparable sales growth (in %) Adjusted EBITA (in EURm & as % of sales) Sales and CSG CSG % • Positive pricing across all businesses • Continued weakness in Signify’s end markets 1,407 1,367 1,492 1,274 1,332 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 -3.4%-3.9% -5.2% -5.1% -3.6% 136 145 149 83 81 - 50 100 150 200 250 300 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 10.6%19.7% 10.0% 6.5% 6.1% Profitability and cash flow • Underlying adj. EBITA margin supported by gross margin and cost reductions • EUR 28 million net benefit from US tariff refund • Free cash flow at EUR 118 million (Q3 25: EUR 71 million), including US tariff refund benefit 1. Adj. EBITA margin at 8.5% excluding net benefit from US tariff refund.
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10 The Professional business delivered resilient underlying profitability supported by gross margin strength and cost reductions • Project business resilient in the US and Rest of the World • Continued softness in stock & flow across most geographies • Strong performance of agriculture lighting in high season 928 921 966 839 886 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 -1.5%-2.1% -1.9% -3.7% -2.5% 97 115 101 61 62 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 12.5%110.4% 10.4% 7.3% 7.0% Sales (in EURm) & comparable sales growth (in %) Adjusted EBITA (in EURm & as % of sales) CSG % Developments by performance area Profitability • Resilient underlying adj. EBITA margin of 10.5% • Gross margin expansion and indirect cost reductions • Tariff refund provided a 2.0% uplift to reported profitability 1. Adj. EBITA margin at 10.5% excluding net benefit from US tariff refund.
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11 The Consumer business continued to be impacted by Connected Sales (in EURm) & comparable sales growth (in %) 301 283 366 276 285 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 -5.3%3.7% -2.7% -4.6% -0.2% 27 19 52 16 9 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 6.8%19.1% 14.1% 5.7% 3.0% Adjusted EBITA (in EURm & as % of sales) CSG % • Connected retail sell - in remained affected by retailer destocking • Sell - out growth and market share gains year - to - date • Growth in luminaires and India Developments by performance area Profitability • Tariff refund provided a 2.3% uplift to reported profitability • Underlying adj. EBITA margin impacted by lower sales volume and fixed cost absorption • Taking actions to improve productivity and reduce fixed cost 1. Adj. EBITA margin at 4.5% excluding net benefit from US tariff refunds.
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12 The OEM business continued to face market softness; sequential profitability improvement 93 88 79 82 78 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 -6.7%-23.0% -19.2% -4.8% -12.0% 4 5 1 2 4 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 5.9%4.7% 1.5% 2.5% 4.6% Sales (in EURm) & comparable sales growth (in %) Adjusted EBITA (in EURm & as % of sales) CSG % • Volume remains challenging in US and Europe • Positive pricing achieved Developments by performance area Profitability • Turnaround on track • Profitability improvements reflecting gross margin improvement and implementation of cost actions
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13 The Conventional business saw continued growth in Specialty lighting and solid underlying margins 13 14 8 9 13 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 21.3%117.0% 9.8% 13.0% 18.1% 76 67 77 71 72 Q3 25 Q3 26 Q4 25 Q1 26 Q2 26 -12.2%-21.5% -19.6% -17.9% -9.0% Sales (in EURm) & comparable sales growth (in %) Adjusted EBITA (in EURm & as % of sales) CSG % • Continued growth in Specialty lighting • Outperforming declining General lighting market • Strong price discipline Developments by performance area Profitability • Tariff refund provided a 5.5% uplift to reported profitability • Solid underlying profitability reflecting gross margin expansion against a high prior - year comparable 1. Adj. EBITA margin at 15.8% excluding net benefit from US tariff refund.
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14 The Adj. EBITA margin improved YoY, supported by gross margin expansion and cost discipline - 1.0% +0.8% +0.7% - 0.4% - 1.0% - 0.3% 8.5% +2.1% +150bps 10.6 % 9.7 % +90 bps Q3 25 Volume Price/Mix COGS Indirect Cost Currency Other Q3 26 excl. Tariff Refund Net Tariff Refund Q3 26
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34 Cost reduction program on track; run - rate expected to deliver EUR 180 million annualized gross savings . Further cost reductions underway 451 Adjusted indirect costs Q3 2025 Adjusted indirect costs Q3 2026 Cost reduction program Incentive accruals (true - up) Salary inflation Other costs FX Q3 2026 Adjusted indirect costs YTD 2025 Adjusted indirect costs YTD 2026 Cost reduction program Incentive accruals Salary inflation Other costs FX 1,407 - 98 27 10 - 24 1,356 YTD 2026 Note: Illustrative relative scale; values unchanged 439 - 37 25 9 11 4 15
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16 500 331 - 41 Q3 25 - 59 Inventories - 70 Trade & other receivables Trade & other payables +1 Other working capital items Q3 26 Working capital improved 230 bps year - on - year In EURm / as % of sales 8.4% 6.1% - 230 bps
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17 Content Highlights Q3 2026 performance Q3 2026 financial performance Outlook & closing remarks Q&A
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2026 Outlook confirmed Adj. EBITA margin: 7.5 – 8.5 % Free Cash Flow: 6.5 – 7.5 % of sales 18
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19 Q&A
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20 FX footprint Key developments Q3 26 Sales FX Footprint (% of total) • Currency movements had a positive impact on sales and negative impact on adjusted EBITA margin. • Overall currency impact on sales of 0.4% mainly related to USD and CNY. • Negative impact of - 1.0% on the adjusted EBITA margin mainly related to CNY. EUR, 28% USD, 39% CNY , 6% Other Currencies, 27% EUR USD CNY Other Currencies
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Q3 25 Q3 26 Adjusted EBITA 136 145 - Restructuring -11 -6 - Acquisition-related charges 7 4 - Other incidental items -1 1 EBITA 131 143 Amortization -14 -13 EBIT 118 130 Net financial income / expenses -15 -16 Income tax expense -27 -27 Results from investments in associates 0 0 Net income 76 88 21 Net income From Adjusted EBITA to net income (in EURm ) Key developments • Net income increased to EUR 88 million, also benefited from tariff refund. • Continuing net income 1 for the nine - month ended September 2026 was EUR 179 million. 1. Continuing net income is net income attributable to shareholders of Signify N.V. excluding restructuring costs, acquisitio n - r elated results, other incidental items, and discontinued operations. Please see the appendix of the press release for detail reconciliation.
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22 Free cash flow Free cash flow (in EUR m) • FCF at EUR 118 million mainly due to improved working capital management and tariff refund. • The restructuring payout is EUR 22 million. Key developments Q3 25 Q3 26 Income from operations 118 130 Depreciation and amortization 58 57 Additions to (releases of) provisions 15 13 Utilizations of provisions -33 -42 Change in working capital -39 1 Net interest and financing costs received (paid) -5 -4 Income taxes paid -4 -5 Net capex -32 -27 Other -6 -5 Free cash flow 71 118 As % of sales 5.1% 8.6%