B&C Speakers (BEC) Investor presentation summary

Company overview

• Eight decades of engineering heritage in professional electroacoustic transducers, with global technological leadership and integrated industrial operations.

• Strong cash generation and shareholder remuneration, with a dividend of €0.70 per share and an 81% payout ratio.

• Commercial presence in over 80 countries, supported by four production facilities and two commercial subsidiaries.

• Multi-brand strategy serving premium and value market segments globally, with 358 employees, 10% in R&D.

Market and business model

• Positioned as a high-performance niche player in a €4.4bn addressable market, with a 4.6% CAGR expected through 2029.

• Structural growth drivers include live entertainment recovery, installed audio solutions, portable systems, and emerging market expansion.

• Integrated business model ensures quality, IP protection, and rapid response to OEM customer needs.

• Revenue model split: 71% custom products via OEM partnerships, 29% catalogue products through global distributors.

Brands and products

• Multi-brand portfolio: B & C Speakers, Eighteen Sound, Ciare, Eminence, and Architettura Sonora, covering premium to value segments.

• Product mix: 58% low-frequency drivers, 27% high-frequency drivers, 13% coaxial components.

• Leadership in neodymium woofers and innovative high-frequency drivers, with a focus on compact, high-performance solutions.