Colt CZ Group (COLT) investor relations material

Transformation and growth since IPO

• Achieved >25% revenue CAGR and >300% total shareholder return since 2020 IPO, driven by organic expansion and strategic M&A.

• Expanded into North America and energetics through acquisitions, including Colt, Sellier & Bellot, swissAA, Valley Steel Stamp, and Synthesia Nitrocellulose.

• Rebranded and vertically integrated, now operating across firearms, ammunition, and energetics with a global production footprint.

• Diversified revenue streams with a balanced split between military/law enforcement (MLE) and commercial sales.

• Reduced reliance on the US market, increasing exposure to Europe and global customers.

Financial performance and guidance

• Revenue grew from CZK 11.98bn in 2020 to CZK 23.4bn in 2025, with adjusted EBITDA rising from CZK 3.05bn to CZK 4.66bn.

• 2026 guidance targets CZK 30–33bn in revenues and CZK 7.4–8.2bn in adjusted EBITDA, driven by the integration of the energetics segment.

• Synthesia Nitrocellulose acquisition boosts profitability, with >45% EBITDA margin and sold-out capacity through 2030.

• Maintained healthy leverage (net leverage below 2x in 2025) and strong cash flow conversion (78–80%).

• Proposed 2025 dividend of CZK 30 per share, with a payout ratio of 89% from adjusted net profit.

Strategic direction and future plans

• Three-pillar business model in 2026: firearms, ammunition, and energetics, each contributing roughly one-third of EBITDA.

• Ambition to reach EUR 2bn revenue by 2030 through expanded MLE sales, further M&A, and product innovation.

• Plans to acquire the remaining 49% of Synthesia Nitrocellulose & Power and invest in capacity expansion.

• Launch of Colt Optics in 2026, targeting high-margin electro-optics for MLE and commercial markets.

• Dual listing on Euronext Amsterdam to enhance global visibility and liquidity, with potential capital increase in Q2 2026.