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MODIVO PLATFORM Q2 2026 RESULTS CONFERENCE ŁUKASZ STELMACH POLKOWICE 7 August 2026
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1 384 390 Q2 2025 Q2 2026 +2% 0 Adjusted EBITDA of MODIVO PLATFORM [PLN million] MODIVO PLATFORM – EBITDA IMPROVEMENT IN LIKE - FOR - LIKE CORE OPERATIONS
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2 Adjusted EBITDA of MODIVO PLATFORM [PLN million] 497 384 3 110 Q2 2025 reported EBITDA OI/OE wholesale contribution Q2 2025 adjusted EBITDA 390 340 Q2 2026 adjusted EBITDA - 24 OI/OE - 26 worldbox contribution Q2 2026 reported EBITDA 0 0 + 2% MODIVO PLATFORM – GROWTH IN EBITDA ADJUSTED FOR ONE - OFF ITEMS AND NON - LIKE - FOR - LIKE OPERATIONS
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3 GROUP SALES (PLN BILLION) 3.0 GROUP LFL SALES +13% GROUP SALES GROWTH + 3% BUSINESS LINES SALES GROWTH + 54 % +13% - 13 % HALFPRICE CCC MODIVO.COM MODIVO PLATFORM – RECORD - HIGH REVENUE DRIVEN BY STRONG LFL SALES GROWTH
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4 Q2 2026 LFL 19 % 23 % 28 % LFL sales growth in CCC and HalfPrice LIKE - FOR - LIKE STORE REVENUE GROWTH DESPITE RAPID EXPANSION 8 % - 3 % 9 % 05/ 26 06/ 26 07/ 26 23 % Q2 2026 LFL 4%
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Gross margin [%] YoY change Commentary ▪ Deeper year - on - year markdowns aimed at optimising working capital (inventory per m² down 23%) ▪ Higher share of licensed brands (36%, +7pp YoY) ▪ Higher share of licensed brands (22%, +14pp YoY) ▪ Higher share of licensed brands and private labels (21%, +12pp YoY) 55.5% 50.2% 45.8% - 4.1pp 2.7pp 4.5pp 5 50.7% 1.2pp MODIVO PLATFORM – CONSISTENT IMPROVEMENT IN GROSS MARGIN FURTHER IMPROVEMENT SUPPORTED BY THE GROWING SHARE OF LICENSED BRANDS ACROSS ALL BUSINESS LINES
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Costs* (PLN million) YoY change in costs YoY change in retail space Commentary ▪ Change in costs proportional to retail space expansion ▪ Cost ratio** down by 1pp YoY ▪ Change in costs proportional to retail space expansion ▪ Cost ratio** down by 3pp YoY ▪ Continued optimisation of e - commerce operating costs (down 11% YoY), mainly driven by a 24% reduction in performance marketing costs due to improved efficiency ▪ One - off cost of a brand campaign promoting private - label brands available across all MODIVO PLATFORM business lines ▪ Offline store costs up 46%, reflecting the retail network expansion 587 319 364 10% 44% 3% 6 10% 41% 30% 1,408 24% 36% * Distribution costs and administrative expenses, excluding the impact of net other income/expenses ** Distribution costs and ad ministrative expenses as a percentage of revenue COST BASE DIRECTLY RELATED TO RAPID EXPANSION COST GROWTH SIGNIFICANTLY BELOW RETAIL SPACE GROWTH
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59 41 30 - 4 - 2 Q2 2025 Q2 2026 HALFPRICE’S ADJUSTED EBITDA MORE THAN DOUBLED YOY CONTINUED OPTIMISATION OF MODIVO.COM’S BUSINESS MODEL 7 220 217 - 14 - 22 Q2 2025 Q2 2026 OI/OE adjusted EBITDA - 1% 5 2 62 127 Q2 2025 Q2 2026 105% - 31% 19.8% Adjusted EBITDA margin 17.3% 12.4% 16.5% 6.4% 5.1% Cost of a brand campaign promoting private - label brands available across all MODIVO PLATFORM business lines
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1,831 2004 Q2 2025 Q2 2026 +9% 8 58% - 16% - 22% Inventory/m 2 * [PLN] MODIVO PLATFORM CCC OFF - PRICE ( HalfPrice and ShockPrice ) * Inventory at the end of Q2 2025 and Q2 2026 relative to retail space at the end of the corresponding financial year INVENTORY GROWTH WELL BELOW RETAIL SPACE GROWTH SIGNIFICANT OPTIMISATION OF INVENTORY PER M² 36% YOY CHANGE IN RETAIL SPACE 1,211 950 1,966 1,651 813 1,285 Q2 2025 Q2 2026 OFF - PRICE ( HalfPrice and ShockPrice ) CCC Modivo.com - 3% 3,498 2,934 Q2 2025 Q2 2026 - 16% 3,448 2,643 Q2 2025 Q2 2026 - 23% 130 276 worldbox other 4,065 4,292 6%
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9 497 643 Q2 2026 + 77 HalfPrice + 69 ShockPrice Q4 2026 E +29% Retail space of off - price in MODIVO PLATFORM [thousand m 2 ] 593 630 Q2’26 Q4’26 E +6% Retail space of CCC [thousand m 2 ] +35 stores +43 stores OFF - PRICE EXPANSION IN 2026 HALFPRICE AND SHOCKPRICE KEY DRIVERS OF EXPANSION OFF - PRICE WILL BECOME THE LARGEST RETAIL NETWORK IN MODIVO PLATFORM BY THE YEAR - END
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10 Q1 2026 Q2 2026 Retail space (thousand m 2 ) 110 114 Revenue (PLN million) 83 124 Share of licensed brands 35% 46% Gross margin (operating) 25% 49% EBITDA (PLN million) - 50 - 26 WORLDBOX IN Q2 2026 – IMPROVEMENT IN KEY OPERATING METRICS AS PLANNED ▪ Continued conservative approach to retail space expansion until the key business assumptions have been fully validated ▪ Higher - than - planned sales with lower total retail space (faster improvement in sales efficiency) ▪ Sequential improvement in performance, supported by the growing share of licensed brands in the worldbox offering + 3%
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11 Store EBITDA - positive stores as a percentage of total stores* Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 0% 18% 53% 85% 91% 93% Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 - 34% - 15% - 2% 12% 16% 16% Average store EBITDA margin for stores open for more than 12 months * Stores open for more than 12 months WORLDBOX – SHARP INCREASE IN STORE PROFITABILITY IN H1 2026
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12 Q3 2026E Q4 2026E Retail space (thousand m 2 ) 130 140 Revenue (PLN million) 100 - 130 110 - 140 Share of licensed brands 60% 70% Gross margin (operating) 58% 60% EBITDA / WORLDBOX – H2 2026 PLAN FURTHER IMPROVEMENT IN PERFORMANCE DRIVEN BY THE GROWING SHARE OF LICENSED BRANDS FURTHER WORLDBOX EXPANSION 2026 ▪ New openings limited to turnkey stores with turnover - based rent and CAP OCR clauses (ca. 50% of leases) – on highly attractive lease terms ▪ Validation of business assumptions 2027+ ▪ Selective scaling of a proven and profitable retail format based on data and measurable KPIs
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MODIVO PLATFORM - Q2 2026 SUMMARY Record - high revenue – exceeding the PLN 3 billion mark for the first time in history 1 Strong LFL sales growth of 13% YoY (including HalfPrice +23% and CCC +4%) with rapid retail space growth (+36%) 2 Improvement in gross margin by 1.2pp mainly driven by the growing share of licensed brands in sales across all business lines 3 Cost growth driven mainly by expansion – significantly below retail space growth 4 5 13 Sharp reduction in inventory per m² by 16% YoY (including by 2 3 % in the CCC segment)
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14 BOŚ Conference „ Back to school ”, online Upcoming events : 31.08.2026 Wojciech Latocha IR & Sustainability Director , Head of IR +48 887 448 312 wojciech.latocha@modivoplatform.com IR Contact :
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This presentation (“Presentation”) has been prepared by MODIVO S . A . ( formerly CCC S . A . ) of Polkowice (“ MODIVO ”) to provide a general overview of the MODIVO PLATFORM (“ MODIVO PLATFORM ”) through a set of selected highlights . It is purely informational and does not purport to be a complete analysis of the MODIVO PLATFORM ’s financial condition . All information contained herein speaks only as of its date and therefore this Presentation will not be revised, updated or rewritten to reflect any changes in circumstances subsequent to its date . This Presentation should not be construed as a recommendation or advice regarding an investment opportunity, or as an offer to purchase or sell any securities or financial instruments or to participate in any business venture of the MODIVO PLATFORM . While all reasonable care has been taken in preparing this Presentation, MODIVO does not warrant the accuracy and completeness of its contents, especially if any of the source materials on which they are based are found to be incomplete or not fully reflecting the relevant facts . Anyone looking to make an investment decision in respect of any financial instruments issued by the MODIVO PLATFORM is advised to rely on information disclosed in MODIVO ’s official reports, written and published in accordance with applicable laws, which are a reliable source of information about the MODIVO PLATFORM . The MODIVO PLATFORM ’s financial statements are audited by EY (formerly Ernst & Young) . Neither MODIVO nor any member of its governing bodies, any employee, associate or adviser involved in the work on this Presentation, or any entity of the MODIVO PLATFORM , shall be held liable for the consequences of any decisions taken on the basis of or in reliance on information contained in this Presentation, or resulting from its contents or any use hereof . Furthermore, this Presentation is not to be regarded as a representation made by any of the persons mentioned above . Although this Presentation and descriptions contained herein may include forward - looking statements, some of them referring to our expected financial results, they are not profit forecasts and may not be construed as such . The forward - looking statements contained herein are subject to a range of both known and unknown risks, uncertainties and other factors (some of them beyond MODIVO ’s control) that may cause the actual results, levels of business or achievements of the MODIVO PLATFORM and MODIVO to differ materially from those anticipated in this Presentation, including the expected financial results described herein . 15