De'Longhi (DLG) Corporate presentation summary

Business overview and product portfolio

• Holds global leadership in household coffee makers, nutrition & food preparation, and professional coffee makers, with coffee makers accounting for 50% of total sales in FY24.

• Iconic brands include DeLonghi, Kenwood, Braun, Nutribullet, and Ariete, each leading in their respective kitchen and nutrition categories.

• Professional coffee segment strengthened by La Marzocco and Eversys, focusing on premium and specialty coffee equipment.

• Product excellence recognized by multiple design awards and continuous innovation, with €316M invested in R&D over five years.

• Operates 9 manufacturing plants and 7 R&D centers globally, ensuring advanced production and innovation capabilities.

Market position and growth

• Sector leadership in espresso coffee machines, kitchen machines, hand blenders, and personal blenders, with #1 positions in several categories.

• Espresso coffee machine market shows a 10-year CAGR of +6%, with espresso penetration at 35% of global coffee machine sales and rising.

• Fully automatic and manual espresso machines drive growth, with low penetration indicating further opportunity.

• Nutrition & food preparation segment represents 26% of sales, led by Kenwood, Braun, and Nutribullet.

• Comfort and home care products contribute 14% of total sales, with steady growth over the past decade.

Strategic initiatives and investments

• Significant advertising and promotional investments, with A&P expenses rising to over 8% of revenues in recent years.

• Focused marketing campaigns to increase brand awareness and position as a premium coffee authority.

• Capital allocation prioritizes production expansion, shareholder dividends, and M&A for external growth.

• Recent acquisitions include Capital Brands (NutriBullet), Eversys, and La Marzocco, enhancing leadership in nutrition and professional coffee.