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HUMAN AUDIO EXPERIENCE
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HUMAN AUDIO EXPERIENCE 24-09-2026 ELEVATING HUMAN AUDIO EXPERIENCE WITH THE WORLD’S FINEST TECHNOLOGY
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H1 2026 GROUP RESULTS KEY FACTS Positive performance of Powersoft Group in H1 2026, thanks to a resilient business model in a complex macroeconomic environment characterized by growing geopolitical uncertainty and global trade tensions Strengthening of the organizational structure, in line with the Group's growth strategy, with headcount reaching 279 employees as of June 30, 2026 Performance of the main economic aggregates: • Total Revenues at € 46.3 M (+12.6% YoY) • Adj. EBITDA at € 12.1 M (+5.2% YoY), sound Adj. EBITDA margin equal to 27.4% • Net Profit at € 4.6 M vs € 4.2 M in H1 2025 (+8.6%) • NFP of € -41.9 M due to a decrease in cash, primarily attributable to the payment of dividends on June 24, 2026 Reassuring visibility for the remainder of the year and optimism for the next year 3 CORPORATE PRESENTATION
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4 CORPORATE PRESENTATION H1 2026 ACHIEVEMENTS LAUNCH OF ANYMATE, AN INNOVATIVE TECHNOLOGY FOR PRO AUDIO MARKET RENEWAL OF THE PARTNERSHIP WITH BOSE PROFESSIONAL APPOINTMENT OF NEW KEY INDIVIDUALS IN POWERSOFT US Launch of a new proprietary communication technology integrated into Powersoft’s amplifiers that brings intelligence and connectivity directly to the audio line Signing of a new multi-year technology partnership agreement with Bose Professional, strengthening a long-term strategic relationship Tom Atkison and Al Hayes joined the US team, confirming a strategy of continued growth and consolidation in the North American market ANYMATE FEBRUARY , 2026 MARCH, 2026 MAY , 2026
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JULY 2026: THE EXECUTION PHASE HAS BEGUN POWERSOFT HUMAN AUDIO EXPERIENCE CENTER START OF THE CONSTRUCTION OF NEW POWERSOFT HQ, A STATE-OF-THE-ART HUB DEDICATED TO THE PROFESSIONAL AUDIO WORLD Centralized Efficiency: Enhanced collaboration and cost savings through unified corporate functions. Innovation Hub: A global center for cutting-edge audio technology and development. Growth-Ready Design: Built to support increasing workforce and operational demands. Sustainable Operations: Energy-efficient technologies for reduced environmental impact. Collaborative Spaces: Synergistic work environments promoting innovation and employee well-being. CORPORATE PRESENTATION 5 ©ATELIER(S) ALFONSO FEMIA srl AF517*
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6 CORPORATE PRESENTATION DELIVERING COMPLETE SOLUTIONS FOR VERTICAL MARKETS FOCUS ON INNOVATION AND NEW TECHNOLOGIES STRENGTHENING OF PRESENCE IN STRATEGIC MARKETS • Complete solution offering enabled by K-array • Proprietary solutions designed for specific target applications • Software based services to exploit upselling/cross-selling potential (cloud services) • Partnership for the expansion of the product/service catalogue • Cloud-native IoT products to offer custom-related services • Top-level R&D laboratory focused on innovative products • Strong R&D team, also thanks to the integration between Powersoft and K-array • Powersoft’s Ideofarm growth accelerator for ideas and innovative technologies • Environmentally friendly products Small sizes, huge power, super efficient THREE PILLAR STRATEGY TO KEEP THE GROUP GROWING • Boost group presence in US thanks to the strengthening of the commercial structure and business opportunities • Partnerships with strategic players to enter new markets • New opportunities in the automotive, transportation, cinema and maritime industry • Direct presence in China and Japan
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FOCUS ON POWERSOFT GROUP’S FINANCIALS
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30/06/2026 % on revenues 30/06/2025* % on revenues % change Revenues 44,230 100.0% 40,651 100.0% 8.8% Other revenues 2,043 4.6% 431 1.1% 374% Total Revenues 46,272 41,082 12.6% Cost of sales (21,060) -47.6% (19,975) -49.1% 5.4% Increases for internal work 852 1.9% 871 2.1% -2.2% Commercial and marketing expenses (7,028) -15.9% (5,624) -13.8% 25.0% General and administrative expenses (9,994) -22.6% (8,589) -21.1% 16.4% EBIT 9,041 20.4% 7,766 19.1% 16.4% Financial expense (2,539) -5.7% (2,000) -4.9% 26.9% Financial income 564 1.3% 493 1.2% 14.4% EBT 7,067 16.0% 6,259 15.4% 12.9% Income taxes (2,478) -5.6% (2,035) -5.0% 21.8% Net Result 4,589 10.4% 4,224 10.4% 8.6% FOCUS ON H1 2026 INCOME STATEMENT 8 CORPORATE PRESENTATION • Total Revenues at € 46.3 M, +12.6% compared to € 41.1 M in H1 2025, despite a complex macroeconomic scenario. • Cost of sales: € 21.1 M, increasing mainly due to the accounting effect of the suspension of the intercompany margin related to the increase in inventory held by the subsidiary compared to the previous closing, partially offset by a more favorable product mix sold during the half under review. • Commercial & marketing expenses and G&A increased due both to the consolidation of K-array for the entire half-year and to the strengthening of the organizational structure, consistent with the Group’s growth strategy. • Adj. EBITDA: € 12.1 M, +5.2% compared to € 11.5 M in H1 2025 Adj. EBITDA Margin: 27.4% vs 28.3% in H1 2025 • EBIT: € 9.0 M, +16.4% vs € 7.8 M in H1 2025 EBIT Margin: 20.4% vs 19.1% in H1 2025 • Financial expense increased mainly due to the accounting effect arising from the full consolidation of K-array. In particular, dividends distributed by K-array to non-controlling shareholders are recognized as finance costs. • Net result: € 4.6 M vs € 4.2 M in H1 2025 (thousands of Euro) 30/06/2026 % on revenues 30/06/2025* % on revenues % change EBIT 9,041 20.4% 7,766 19.1% 16.4% Amortization and depreciation 2,974 6.7% 2,290 4.8% 29.9% Allocations - 0.0% 144 0.4% - EBITDA 12,016 27.2% 10,200 25.1% 17.8% Adjusted EBITDA 12,108 27.4% 11,507 28.3% 5.2% (thousands of Euro) * restated to reflect the final effects of the K-array Purchase Price Allocation. Data as of 30 June 2025 include 3 months of K-array (1st April - 30 June)
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CONSOLIDATED EBITDA – EVOLUTION H1 2025 – H1 2026 €/M 9 CORPORATE PRESENTATION 3.6 1.6 (1.1) (0.0) (1.2) (1.0) 0.1 10.2 12.0 12.1 EBITDA H1 2025 Sales Volume Other revenues Cost of Sales Increase for internal work Commercial expenses G&A EBITDA H1 2026 One-off expenses Adjusted EBITDA H1 2026 • Intercompany margin suspension • Favorable sales mix • IEEPA tariff refund • Others • New hires in Sales and R&D • Consolidation of K-array for the entire half-year in 2026 vs 3 months in H1 2025 • Expenses related to the integration of K-array
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(thousands of Euro) 30/06/2026 31/12/2025 Change % change Tangible fixed assets 2,321 2,176 146 6.7% Assets from right of use 7,290 6,891 400 5.8% Intangible fixed assets 17,749 18,580 (831) -4.5% Financial fixed assets 2,703 2,692 11 0.4% Goodwill 26,883 26,883 - 0.0% Fixed capital 56,946 57,221 (275) -0.5% Inventory 25,633 23,269 2,364 10.2% Trade receivables 13,430 15,702 (2,271) -14.5% Other current assets 2,627 4,042 (1,415) -35.0% Trade payables (9,431) (9,152) (279) 3.0% Other current liabilities (5,263) (4,702) (561) 11.9% Net working capital 26,997 29,158 (2,162) -7.4% Other non-current assets (liabilities) (4,740) (5,443) 703 -12.9% Net capital employed 79,203 80,936 (1,733) -2.1% Cash and cash equivalents 10,573 16,994 (6,421) -37.8% Financial assets 2,009 1,995 13 0.7% Non-current financial liabilities (40,075) (42,439) 2,365 -5.6% Non-current financial liabilities from rights of use (6,049) (5,809) (240) 4.1% Current financial liabilities (6,996) (7,875) 879 -11.2% Current financial liabilities from rights of use (1,352) (1,165) (186) 16.0% Net financial position (41,889) (38,299) (3,590) 9.4% Share capital (1,345) (1,345) - 0.0% Reserves (31,380) (31,367) (12) 0.0% Profit (loss) for the period (4,589) (9,925) 5,336 -53.8% Total equity (37,314) (42,637) 5,323 -12.5% Total sources (79,203) (80,936) 1,733 -2.1% FOCUS ON H1 2026 BALANCE SHEET 10 CORPORATE PRESENTATION • Fixed Capital: € 56.9 M slightly decreased mainly due to a reduction in intangible fixed assets linked to the capitalization of development costs and the amortization for the period. • Net working capital: € 27.0 M improved mainly thanks to a decrease in trade and tax receivables and a slight increase in trade and tax payables partially offset by an increase in inventory. • Net Financial Position: € -41.9 M, composed by: (i) Cash and cash equivalents of € 10.6 M; (ii) Portfolio securities of € 2.0 M; (iii) Financial liabilities of € 54.5 M. • Consolidated equity is equal to € 37.3 million, compared to € 42.6 million in 2025, primarily following dividend distribution for € 10.0 million.
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FOCUS ON NET WORKING CAPITAL 11 CORPORATE PRESENTATION The Net Working Capital as of 30 June 2026 is equal to € 27.0 million in comparison with € 29.2 million as of 31 December 2025. The NWC improved in comparison with 31 December 2025 thanks to the combined effect of: • a decrease in trade receivables and a slight increase in trade payables, partially offset by an increase in inventory. In particular: (i) significant invoicing to key clients at the end of 2025; (ii) higher purchases of goods made close to the end of H1 2026; (iii) decision to increase US inventory in order to be more responsive to the market. • an overall improvement in other current assets/liabilities, mainly thanks to a decrease in tax receivables and an increase in current tax payables. These changes reduced the net investment in working capital and had a positive impact on cash generation during the first half of the year. 2.6 4.0 13.4 15.7 25.6 23.3 (9.4) (9.2) (5.3) (4.7) H 1 2 0 2 6 2025 Other current liabilities Trade Payables Inventory Trade Receivables Other current assets
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FOCUS ON NET FINANCIAL POSITION 12 CORPORATE PRESENTATION (57.3) (54.5) 2.0 2.0 17.0 10.6 FY 2 0 2 5 H1 2 0 2 6 Cash and cash equivalents Financial assets Financial liabilities The Net Financial Position as of 30 June 2026 is equal to € -41.9 million in comparison with € -38.3 million as of 31 December 2025. The € 3.6 million change in comparison with 31 December 2025 is due to: • Cash and cash equivalents: - € 6.4 million, due to dividend payment on June 24, 2026; • Financial liabilities: - € 2.8 million, due to: (i) - € 2.3 million payment of 1st tranche of the deferred price of K-Array & upfront payment; (ii) + € 0.7 million for the discounting impact of the deferred price, earn- out, and put&call options; (iii) - € 1.5 million in tax consolidation payables; (iv) + € 0.4 million in financial liabilities for rights of use. As of 30 June 2026, financial liabilities are mainly composed by: • Bank loans of € 15.4 million; • Discounted deferred price of € 6.4 million; • Discounted earn-out liability of € 7.7 million; • Discounted liability for the put&call option to purchase the remaining 49% of K-Array of € 17.6 million; • Liabilities for rights of use of € 7.4 million.
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Q&A SESSION
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APPENDIX
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70 90 110 130 150 170 18/09/2024 18/12/2024 18/03/2025 18/06/2025 18/09/2025 18/12/2025 18/03/2026 18/06/2026 18/09/2026 POWERSOFT FTSEMIB.MI ITGRW.MI GOVERNANCE BOARD OF DIRECTORS LUCA LASTRUCCI CEO CLAUDIO LASTRUCCI DIRECTOR LUCA GIORGI DIRECTOR ANTONELLA DIANA INDEPENDENT DIRECTOR CARLO LASTRUCCI CHAIRMAN ANTONIO PERUCH DIRECTOR BOARD OF STATUTORY AUDITORS MASSIMO FOSCHI CHAIRMAN MASSIMILIANO MANFREDI ALTERNATE STATUTORY AUDITOR SILVIA BAROFFIO STANDING STATUTORY AUDITOR PAOLO LIMBERTI ALTERNATE STATUTORY AUDITOR AUDIT FIRMSTOCK FIGURES IPO: 17/12/2018 Shares: 12,847,275 Market: Euronext Growth Milan Price (18/09/2026): € 15.5 Market Cap (18/09/2026): ≈€ 199 M Average Daily Volume YTD: ≈ 3.9 K 15 MICAELA BADIALI STANDING STATUTORY AUDITOR CORPORATE PRESENTATION LORENZO LEPRI NON-EXECUTIVE DIRECTOR SHAREHOLDINGS AND GROUP ORGANIZATION CHART POWERSOFT S.p.A. - ITALY - POWERSOFT ADVANCED TECHNOLOGIES Corp. - USA - IDEOFARM S.r.l. ITALY 100% 100% EVOLVE S.r.l. 73.78% FREE FLOAT 23.88% K-ARRAY S.p.A. ITALY 51% K-ARRAY USA LLC 50% HP Sound Equipment S.p.A.1 2.34% 1) Shares are subject to an 18-month lock-up period starting from April 1, 2025.
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DISCLAIMER “This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of Powersoft S.p.A. (“Powersoft” or the “Company”) or cited from third party sources, are solely opinions and forecasts reflecting current views with respect to future events and plans, estimates, projections and expectations which are uncertain and subject to risks. Market data used in this Presentation not attributed to a specific source are estimates of the Company and have not been independently verified. These statements are based on certain assumptions that, although reasonable at this time, may prove to be erroneous. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. If certain risks and uncertainties materialize, or if certain underlying assumptions prove incorrect, the Company may not be able to achieve its financial targets and strategic objectives. A multitude of factors which are in some cases beyond the Company’s control can cause actual events to differ significantly from any anticipated development. Forward- looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. No one undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Market data used in this Presentation not attributed to a specific source are estimates of the Company and have not been independently verified. Forward-looking statements speak only as of the date of this Presentation and are subject to change without notice. No representations or warranties, express or implied, are given as to the achievement or reasonableness of, and no reliance should be placed on, any forward-looking statements, including (but not limited to) any projections, estimates, forecasts or targets contained herein. Powersoft does not undertake to provide any additional information or to remedy any omissions in or from this Presentation. Powersoft does not intend, and does not assume any obligation, to update industry information or forward-looking statements set forth in this Presentation. This presentation does not constitute a recommendation regarding the securities of the Company. This Presentation is not an offer, or a solicitation of an offer, to buy, sell or exchange any securities in Italy, pursuant to Section 1, letter (t) and letter (v) of Legislative Decree no. 58 of February 24, 1998, or in any other country or state and is not a prospectus or an offer document within the meaning of Italian laws and regulations. *** It should be noted that the audit of the Draft Financial Statements has not yet been finalised and that the Independent Auditors' Report will therefore be made available within the terms required by law. It should be also noted that Income Statement and Balance Sheet shown in this Presentation are reclassified and not subject to audit by the Independent Auditors.” 16 CORPORATE PRESENTATION
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The information contained in these documents is confidential and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent of Powersoft S.p.A. All forecasts included in this document are subject to risks and uncertainties of Powersoft itself and of markets. All forecasts are based on currently available information and reflect our management expectations. All forecasts reflect market parameters, assumptions and other fundamentals which could change and therefore influence the future results. All the forecasts are based on an hypothesis of organic growth and commercial and regulatory stability. Powersoft S.p.A. Via Enrico Conti,5 50018 Scandicci www.powersoft.com IR Manager Massimo Ghedini ir@powersoft.com Ph. +39 055 7350230 IR Advisor Vincenza Colucci – CDR Communication vincenza.colucci@cdr-communication.it M. +39 335 6909547 Eleonora Nicolini – CDR Communication eleonora.nicolini@cdr-communication.it M. +39 333 9773749 Euronext Growth Advisor Banca Finnat +39 39 06 69933215 Specialist Intermonte SIM S.p.A. +39 02 771151 Corporate Brokers Alantra Capital Markets +39 02 63671601 Intermonte SIM S.p.A. +39 02 771151