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#FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Page 1 Purcari Wineries Group (PWG) Public Company Limited BVB: WINE Corporate presentation: First Half 2026 financial results Financial results August 25, 2026 BVB: WINE
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Page 2 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Disclaimer THIS PRESENTATION IS MADE AVAILABLE ON THIS WEBSITE BY PURCARI WINERIES PUBLIC COMPANY LIMITED (the Company) AND IS FOR INFORMATION PURPOSES ONLY. This presentation and its contents do not, and are not intended to, constitute or form part of, and should not be construed as, constituting or forming part of, any actual offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares issued by the Company and its subsidiary undertakings (the Group) in any jurisdiction, or any inducement to enter into any investment activity whatsoever; nor shall this document or any part of it, or the fact of it being made available, form the basis of an offer to purchase or subscribe for shares issued by the Company, or be relied on in any way whatsoever. No part of this presentation, nor the fact of its distribution, shall form part of or be relied on in connection with any contract for acquisition of or investment in any member of the Group, nor does it constitute a recommendation regarding the securities issued by the Company, nor does it purport to give legal, tax or financial advice. The recipient must make its own independent assessment and such investigations as it deems necessary. The information herein, which does not purport to be comprehensive, has not been independently verified by or on behalf of the Group, nor does the Company or its directors, officers, employees, affiliates, advisers or agents accepts any responsibility or liability whatsoever for / or make any representation or warranty, either express or implied, in relation to the accuracy, completeness or reliability of such information, which is not intended to be a complete statement or summary of the business operations, financial standing, markets or developments referred to in this presentation. No reliance may be placed for any purpose whatsoever on the information contained in this presentation. Where this presentation quotes any information or statistics from any external source, it should not be interpreted that the Company has adopted or endorsed such information or statistics as being accurate. Neither the Company, nor its directors, officers, employees or agents accepts any liability for any loss or damage arising out of the use of any part of this material. This presentation may contain statements that are not historical facts and are “forward-looking statements”, which include, without limitation, any statements preceded by, followed by or that include the words "may", "will", "would", "should", "expect", "intend", "estimate", "forecast", "anticipate", "project", "believe", "seek", "plan", "predict", "continue", "commit", "undertake" and, in each case, similar expressions or their negatives. These forward-looking statements include all matters that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control, and relate to events and depend on circumstances that may or may not occur in the future, which could cause the Company's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on numerous assumptions and are intended only to illustrate hypothetical results under those assumptions. As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results, or a promise or representation as to the past or future, nor as an indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information or statements herein are accurate or complete. Past performance of the Group cannot be relied on as a guide to future performance. No statement in this presentation is intended to be a profit forecast. This presentation does not purport to contain all information that may be necessary in respect of the Company or its Group and in any event each person receiving this presentation needs to make an independent assessment. This presentation contains references to certain non-IFRS financial measures and operating measures. These supplemental measures should not be viewed in isolation or as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS in its consolidated financial statements. The non-IFRS financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies. The information presented herein is as of this date and the Company undertakes no obligation to update or revise it to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. The distribution of this presentation in certain jurisdictions may be restricted by law and persons who come into possession of it are required to inform themselves about and to observe such restrictions and limitations. Neither the Company, nor its directors, officers, employees, affiliates, advisers or agents accepts any liability to any person in relation to the distribution or possession of the presentation in or from any jurisdiction. Investments in the Company’s shares are subject to certain risks. Any person considering an investment in the Company’s shares should consult its own legal, accounting and tax advisors in order to make an independent determination of the suitability and consequences of such an investment.
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Page 3 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Today’s presenters ▪ Over 18 years of experience in corporate finance, controlling, external audit and internal control. Previous held positions in: KPMG, Nestlé and AkzoNobel. ▪ Master Degree in Public Finance and Taxation from State University of Moldova, ▪ ACCA Advanced Diploma in Accounting and Business Anatol Belibov Chief Financial Officer ▪ Founder of the Group, since 2002. ▪ Over 35 years of experience in the wine industry. ▪ Built one of the largest wine companies in RU, exiting in 2002. ▪ Technical University, Oenology. ▪ Speaks FR, RO, RU. Victor Bostan CEO, Founder ▪ Over 17 years of experience in financial management and audit. ▪ Previous held positions in: Transoil, Orange and PWC. ▪ Degree from the Academy of Economic Studies. ▪ ACCA fellow (FCCA), Certified in Investor Relations ▪ from the IR Society UK. ▪ Speaks EN, RO, RU. Eugeniu Baltag Investor Relations Director ▪ Part of the IR team since 2022, supporting investor engagement, sustainability integration, and disclosure alignment (CSRD/ ESRS). ▪ Master in Finance and Risk Management and BBus (EcoFin) from “Alexandru Ioan Cuza” University of Iași. ▪ Speaks EN, RO, RU, DE. Victoria Moldovan Senior IR and ESG
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Page 4 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Key updates H1 2026 Strategic Projects Campaigns We appreciate people and their craft An ongoing campaign highlighting the people behind Purcari Wineries — from bottling and laboratory specialists to vineyard teams, oenologists and production professionals — whose expertise and dedication shape every stage of our winemaking process. Chengdu Fair 2026 Purcari participated in the Chengdu Fair 2026 alongside the China Food and Drinks Fair, showcasing the Purcari, Bostavan and Bardar portfolios within the Concours Mondial de Bruxelles exhibition area and strengthening the Group’s international presence on the Asian market. SERVE Ceptura Acquisition Purcari Wineries signed the contractual documentation for the acquisition of SERVE Ceptura, strengthening its presence in Romania's Dealu Mare region, expanding the Group's premium portfolio while preserving SERVE's heritage, authenticity and strong regional identity. Every Role Tells a Story Purcari launched a campaign celebrating the people behind every bottle—from vineyard teams and winemakers to product developers, promoters and hospitality professionals. The campaign highlights the passion, craftsmanship and dedication that define the Purcari brand. Forbes Moldova Summit & Awards Purcari Wineries received recognition at the Forbes Moldova Summit & Awards 2026 for its international expansion and successful commercial development across Europe, Asia and the Americas, reflecting the Group's long-term commitment to building a globally recognized wine brand. CaraprodVin Acquisition Crama Ceptura signed an agreement to acquire CaraprodVin, adding a primary winemaking platform and over 33 hectares of vineyards in Romania's largest wine-growing region. Purcari Parcela Collection Purcari introduced a limited-edition collection inspired by the unique characteristics of Purcari’s vineyard plots. Built on a decade of geological and viticultural research, the collection showcases 14 wines and one sparkling wine. ProWine Tokyo 2026 Purcari strengthened its presence in Japan through participation in ProWine Tokyo 2026. Meetings with key importers and distributors generated valuable commercial opportunities while confirming growing interest in the Group's premium wine portfolio. Biodiversity monitoring Eight months of biodiversity monitoring confirmed the ecological value of the Château Purcari vineyards, with 153 bird species (among which the globally vulnerable European Turtle Dove) and 28 terrestrial animal species identified. International Presence
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#FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Page 5 Key financial performance metrics: H1 2025 H1 2026 TOTAL REVENUES RON mn H1 2026 195.4 H1 2025 182.2 +18% -6.8% EBITDA % H1 2026 51.9 H1 2025 49.1 25.1% 28.5% Net Profit RON mn H1 2026 15.1 H1 2025 15.6 8.0% 8.3% 89.475.9 +15.1% +17.7% LEGEND H1 Reference period 182.2 m In period performance -6.8% Change vs corresponding period previous year 89.475.9 +15.1% +17.7% GROSS MARGIN % H1 2026 82.5 H1 2025 87.2 44.6% 45.3%
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Page 6 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: -9.5% Consumer and transition headwinds on lower volumes, pricing held 116 105 29 29 8 10 22 18 17 16 1H 2025 1H 2026 RoW CEE1 Bulgaria Moldova Romania 191.7 178.7 -6.8% CEE Revenue growth by geography, RON mn Revenue growth by brand, RON mn YoY growth rate, % 112 101 30 24 26 27 15 15 7 9 1 2 1H 2025 1H 2026 Cuza Angels Ceptura Bostavan Bardar Purcari 178.7 -6.8% -5.3% -15.7% 23.6% 0.7% -9.5% +23% +23% +2% 6% -22% Comments 1 Central and Eastern Europe, excluding domestic markets (i.e., Romania, Moldova, Bulgaria) 191.7 ▪ Revenue declined 6.8% YoY to RON 178.7m, driven mainly by softer consumer demand in Romania and the transition to new distribution arrangements in CEE. ▪ Romania down 9.5% YoY to RON 105m, driven mainly by lower Purcari brand volumes and adverse mix. Consumer demand was dampened by fiscal tightening and political uncertainty weighing on discretionary spending. ▪ Moldova broadly flat at +0.7% YoY to RON 29.4m, with Purcari up modestly and Bardar stable, underpinning resilient performance in the home market. ▪ Bulgaria up 23.6% YoY, surpassing RON 10m, on continued volume-led growth and deeper market reach. ▪ CEE down 15.7% YoY, with weaker consumer off-take weighing on Bostavan, largely offset by Purcari growth following the transition to the new Maspex distribution setup. ▪ RoW down 5.3% YoY, with strong growth in Türkiye partly offsetting softer performance in Asia and other export markets. ▪ By brand, Purcari declined 9.5% to RON 101m on lower volumes, with pricing broadly stable, and Bostavan fell 22% (volume-driven). Growth in Ceptura (+6%), Bardar (+2%), and the smaller Cuza and Angels brands (+23% each, off low bases) partly offset the decline.
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Page 7 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Profit pressured by lower revenue and higher D&A; EBITDA margin resilient ▪ Revenue: down 7% YoY to RON 182.2m, mainly on softer demand in Romania and the CEE transition, partly offset by Moldova and Bulgaria. ▪ Gross profit: declined 5% YoY to RON 82.5m, while gross margin expanded 1pp to 45.3%, as cost of sales fell faster than revenue. Inflation in packaging and production costs was more than offset by operational efficiencies and disciplined procurement. ▪ Marketing and selling expenses: down 6% YoY to RON 27.6m, broadly tracking revenue, with brand investment maintained through the transition. ▪ G&A expenses: up 9% YoY to RON 28m, mainly reflecting higher administrative salaries following the filling of prior-year vacancies, alongside higher IT- related costs. ▪ EBITDA: grew 6% YoY to RON 51.9m, with margin expanding 3pp to 28%, reflecting operational efficiencies despite lower revenue. ▪ Net Profit: RON 15.1m (8.3% margin), down 4% YoY, reflecting lower gross margin (on reduced revenue and higher depreciation from recent capex) and higher interest costs, partly offset by a one-off bargain gain on the SERVE acquisition (RON 2.4m). CommentsPurcari Group RON m 2Q25 2Q26 ∆ 2Q 6M25 6M26∆ 6M Revenue 104.4 92.6 -11.3% 195.4 182.2 -7% Cost of Sales -57.8 -52.0 -10% -108.2 -99.7 -8% Gross Profit 46.5 40.6 -13% 87.2 82.5 -5% Gross Profit margin 44.6% 43.8% (1 pp) 45% 45% 1 pp SG&A: -30.5 -29.7 -3% -55.1 -55.7 1% Marketing and selling -16.2 -15.1 -7% -29.3 -27.6 -6% General and Administrative -14.2 -14.6 2% -25.8 -28.0 9% Other income/ (expenses): 1.4 3.7 163% 1.3 5.8 350% EBITDA 25.2 24.0 -5% 49.1 51.9 6% EBITDA margin 24.2% 25.9% 2 pp 25% 28% 3 pp Net Profit 6.6 7.0 6% 15.6 15.1 -4% Net Profit margin 6.4% 7.6% 1 pp 8% 8% -
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Page 8 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Comments Cash of RON 14.0m at Jun-26, reflecting working-capital needs and the peak of the capex cycle. Net Debt rose to RON 345m to fund growth investment, RON 52.7m capex plus RON 23.7m of winery assets from the SERVE and Caraprod acquisitions, taking leverage to 2.95x Net Debt/LTM EBITDA. Liquidity. Current ratio of 1.40x at Jun-26; cash ratio of 0.04x reflects lower cash balances during the investment phase. Debt to Equity at 80%. Leverage expected to ease as the capex cycle completes and EBITDA contribution. Cash and Receivables Liquidity Solvency RON mn Cash Position RON mn Net Debt Current Ratio Debt-to-Equity Net Debt-to-LTM EBITDA Cash Ratio 12.6 50.8 32.1 23.5 18.6 20.7 19.1 14.0 98 46 66 109 128 189 270 345 1.47x 1.78x 1.25x 1.78x 2.71x 2.41x 1.88x 1.40x 0.13x 0.48x 0.20x 0.13x 0.13x 0.12x 0.07x0.04x 62% 37%43% 43% 52% 1.50x 0.76x0.88x 1.02x 1.27x 1.77x 2.36x 2.95x 40% 80% Balance sheet deployed to fund a peak investment cycle Dec-22Dec-20Dec-19 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26 Dec-22Dec-20Dec-19 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26 Dec-22Dec-20Dec-19 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26 Dec-22Dec-20Dec-19 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26 Dec-22Dec-20Dec-19 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26 67% Dec-22Dec-20Dec-19 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26
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Page 9 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: EBITDA margin outperforms, revenue and net profit margin behind Comments ▪ Revenue down 6.8% YoY, on softer Romania demand and the CEE distribution transition, partly offset by Moldova and Bulgaria. ▪ Commercial initiatives and new-market expansion continued, with growth held back by the route-to-market transition. ▪ Maspex integration progressing, with commercial synergies to support wider market access. ▪ EBITDA margin of 28.5% beat the 24-26% guidance, on margin gains and cost discipline despite lower revenue. ▪ Net income margin of 8.3% below the 11-14% guidance, on higher depreciation and finance costs. Target EBITDA margin Revenue growth Net income margin Status > < < 2026 guidance 24-26% +10-15% 11-14% 6M 2026A 28.5% -6.8% 8.3%
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Page 10 #FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Revenue guidance lowered; Net income margin trimmed, EBITDA margin held Comments ▪ Revenue guidance revised, reflecting a weaker first half amid softer demand and the commercial transition. ▪ H2 recovery underpinned by completion of the Maspex distribution transition, unlocking commercial synergies and route-to-market across CEE, and by expected recovery in specific segments and markets. ▪ EBITDA margin guidance maintained at 24-26%; net income margin revised to 10-12% on higher depreciation and finance costs. ▪ Outlook remains subject to consumer recovery in Romania, political stabilization, and inflationary and RON depreciation pressures. Target EBITDA margin Revenue growth Net income margin 2026 guidance 24-26% +10-15% 11-14% 2026 guidance update 24-26% 0-5% 10-12%
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#FFFFFF PWG Presentation: #14428A #E6E6EB #731217 #AA7D50 #202F61 #951B1E #AA1E1E #D6D8E0 #354AEA1 #505564 Primary Colors: Secondary Colors: Page 11 Thank you for your attention! Wineries Investors Reports Discover more at https://purcariwineries.com/investitori/