Q1 2021/22 Management Presentation

September 7, 2021 Q1 2021/22 highlights

― Tridonic was granted the Innovation Award 2021 for the SIDEREA project by the Federal State of . Now, the project is nominated for the Austrian Innovation State Award – the highest Austrian award for pioneering companies ― Trunking systems for 50 Walmart stores mainly located in Santiago Chile ― HK International Airport and highway tunnel on Central Kowloon Route ― With our weather-resistant, robust and versatile product TUBILUX, Zumtobel provided the ideal solution for the modernisation of the Schweizer Zucker AG factory in Aarberg ― Improved working environment and energy savings at Swiss Post thanks to balanced tunableWhite, which was designed for the manual task of sorting letters, that aims to protect the delicate biorhythm of the people ― The continues to be a member in VBV Austrian Sustainability Index (VÖNIX) as one out of 19 Austrian listed companies that are leaders in terms of environmental and social actions.

Q1 2021/22 results 2 Q1 2021/22 financial highlights: Group revenues, EBIT and net profit all well above prior year quarter

• Group revenues increased to EUR 289.3 mn (PY EUR 250.8 mn) − Lighting Segment revenues at EUR 212.4 mn (plus 12.0%) − Components Segment EUR 92.2 mn (plus 26.1%) − Strong revenue contributions especially from UK, France, , and

• EBIT nearly tripled to EUR 20.1 mn (PY EUR 7.0 mn) − Increase in fixed costs was more than offset by the positive development of revenues as well as the absence of restructuring expenses − Gross profit increased to EUR 100.2 mn − SG&A expenses at EUR 80.2 mn

• Net profit strongly increased to EUR 13.4 mn (PY EUR 3.1 mn)

• Free Cash Flow at EUR –9.1 mn

• Strong balance sheet secures liquidity position

Scott Sports© AG,Matthias© FarukSwitzerland Rhomberg Pinjo

Q1 2021/22 results 3 Q1 revenues increased and EBIT more than doubled Lighting Segment – Revenue and EBIT development

LIGHTING SEGMENT

REVENUES EBIT

12.0% (fx-adj. 11.4%) 7.5%

8.1% 1.2% 3.1% 4.0% 212.4 217.1 204.4 188.1 189.7 183.0 15.9 16.5

8.7 5.9 2.2

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Revenues 2020/21 Revenues 2021/22 EBIT 2020/21 EBIT 2020/21 in EUR mn in EUR mn EBIT 2021/22 EBIT 2021/22 in EUR mn as a % of revenues

Revenues FY 2020/21 EUR 794.1 m (minus 6.1%) EBIT FY 2020/21 EUR 33.2 mn (margin of 4.2%)

Q1 2021/22 results 4 Revenues significantly above prior year level and EBIT more than doubled Components Segment – Revenue and EBIT development

COMPONENTS SEGMENT

REVENUES EBIT 14.0% 26.1% (fx-adj. 26.5%) 9.3% 8.1%

92.2 5.2% 4.7% 83.6 73.1 72.6 73.5

11.7 8.6 6.0 3.8 3.4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Revenues 2020/21 Revenues 2021/22 EBIT 2020/21 EBIT 2020/21 in EUR mn in EUR mn EBIT 2021/22 EBIT 2021/22 in EUR mn as a % of revenues

Revenues FY 2020/21 EUR 302.8 mn (minus 11.3%) EBIT FY 2020/21 EUR 24.9 mn (margin of 8.2%)

Q1 2021/22 results 5 Revenues well above, EBIT almost tripled compared to prior year level Zumtobel Group – Revenue and EBIT development

ZUMTOBEL GROUP

REVENUES EBIT

15.4% 6.9% (fx-adj. 15.1%)

6.0% 5.6% 1.8% 2.8% 289.3 285.3 264.6 250.8 243.7

20.1 15.9 16.0

7.0 4.4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Revenues 2020/21 Revenues 2021/22 EBIT 2020/21 EBIT 2020/21 in EUR mn in EUR mn EBIT 2021/22 EBIT 2021/22 in EUR mn as a % of revenues

Revenues FY 2020/21 EUR 1,044.5 mn (minus 7.7%) EBIT FY 2020/21 EUR 43.4 mn (margin of 4.2%)

Q1 2021/22 results 6 Q1 2021/22 EBIT nearly tripled following a strong gross profit increase Zumtobel Group – EBIT Bridge

Gross Profit increased due to Selling and Administration higher net sales of ~EUR 38.5 mn expenses higher above all due to the absence of short-time work

20.3

2.1 20.1

-8.7 -0.6

7.0

EBIT ∆ Gross profit Selling & Administration Others Special effects EBIT Q1 2020/21 (including development) Q1 2021/22

[in EUR mn]

Q1 2021/22 results 7 Strong net profit at EUR 13.4 mn Zumtobel Group – Income statement

in EUR mn Q1 2021/22 Q1 2020/21 Change in %

Revenues 289.3 250.8 15.4 Cost of goods sold -189.1 -170.8 10.7 Gross profit (incl. development) 100.2 80.0 25.4 as a % of revenues 34.6 31.9 SG&A expenses -80.2 -70.9 13.1 Special effects 0.0 -2.1 EBIT 20.1 7.0 >100 as a % of revenues 6.9 2.8 Financial results -2.9 -3.0 –4.0 Profit before tax 17.2 4.0 >100 Income taxes -3.8 -0.9 <–100 Net profit for the period 13.4 3.1 >100 Earnings per share (in EUR) 0.31 0.07 >100

Q1 2021/22 results 8 Strong cash flow from operating results of EUR 33.7 mn Zumtobel Group – Cash Flow Statement

in EUR mn Q1 2021/22 Q1 2020/21 FREE CASH FLOW DEVELOPMENT

Cash flow from operating results 33.7 23.9 (cumulative figures in EUR mn) 100.0 Change in working capital -22.6 -24.5

Change in other operating items -11.7 7.1

Taxes paid/received 0.0 -0.9 59.8 Cash flow from operating activities -0.5 5.6

Capital expenditures -8.9 -8.0 on non-current assets 35.0 Change in current and 0.2 0.0 non-current financial assets

Cash flow from investing activities -8.6 -8.0

Free cash flow -9.1 -2.4 -2.4 -9.1 Q1 H1 Q1-Q3 FY

FY 2020/21 FY 2021/22

Q1 2021/22 results 9 Solid balance sheet: debt coverage ratio at 0.86 Zumtobel Group – Key balance sheet data

Solid liquidity position backed by: in EUR mn July 31, 2021 April 30, 2021 • Consortium credit agreement with a term ending November 2022 and a Total assets 993.5 977.7 max. volume of EUR 200 mn, whereof EUR 15 mn drawn

• Two long-term credit agreements of EUR 40 mn each with the European Net debt 107.9 97.3 Investment Bank (EIB) (bullet repayment in September 2024, respectively February 2025; both fully drawn)

Debt coverage ratio 0.86 0.85 • Uncommitted lines of credit totalling EUR 62.9 mn

Financial covenants attached to: Equity 326.2 308.4 • Debt coverage ratio (=net debt/EBITDA) < 3.55 Equity ratio in % 32.8 31.5 ✓ 0.86 as of July 31, 2021

Gearing in % 33.1 31.6 • Equity ratio > 23.5%

✓ 32.8% as of July 31, 2021 Investments 8.9 38.1 → Covenants tested on Oct 31 as well April 30

Working capital 175.6 152.5

As a % of rolling 16.2 14.6 12 months revenues

Q1 2021/22 results 10 Q1 sales significantly improved versus prior year Zumtobel Group – Sales development by Quarter vs PY Period in %

15.4

9.6

5.9 5.8

2.8 3.4 1.1 1.8 -0.9 -0.6 -0.5 -1.7 -2.6 -4.9 -5.0 -4.7 -5.3 -7.3 -7.6 -8.8 -10.1 -12.7 -12.7 -13.9 -15.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22

Q1 2021/22 results 11 Group revenues increased by 15.4% to EUR 289.3 mn in Q1 2021/22 Zumtobel Group – Regional revenue distribution

Change in % in EUR mn Q1 2021/22 nominal FX adjusted

D/A/CH 91.4 4.8 5.7

Northern and Western 72.0 24.8 20.8

Southern and Eastern Europe 81.7 26.9 28.4

Asia & Pacific 32.9 37.1 34.8

Rest of the World 11.3 -35.2 -33.2

Total 289.3 15.4 15.1

Q1 2021/22 results 12 Zumtobel confirms outlook Z u m t o b e l Group Outlook

Revenue increase by 4 – 7%

EBIT margin increase to 4 – 5%

Keep working capital between 14 – 14.5% (of rolling 12-month revenues)

CAPEX spending at a healthy level between EUR 50 mn – E U R 5 5 mn

Q1 2021/22 results 13 Join our Capital Markets Day

on October 12, 2021

at the Light Forum in or online.

For further information, please contact the Investor Relations team.

14 Back-up Financial Calendar Zumtobel Group

October 12, 2021 Capital Markets Day

December 7, 2021 Half-Year Financial Report 2021/22 (1 May 2021 - 31 October 2021)

March 8, 2022 Interim Report Q1-Q3 2021/22 (1 May 2021 - 31 January 2022)

Q1 2021/22 results 16 Working capital on s t a b l e l e v e l Zumtobel Group – Working capital

17.6% 17.3% 16.3% 15.1% 16.2% 15.0% 15.0% 14.6%

12.3% • Working capital at EUR 175.6 mn as of 31 July 2021 (30 April 2021: EUR 152.5 mn) • In % of rolling 12-month revenues, working capital at 16.2% (PY: 17.6%)

Q1 Q2 Q3 Q4

in % of rolling 12-month revenues FY 2019/20 FY 2020/21 FY 2021/22

Q1 2021/22 results 17 Supplement data regarding segment reporting Zumtobel Group

Lighting Segment Components Segment Reconciliation Group

in EUR mn Q1 2021/22 Q1 2020/21 Q1 2021/22 Q1 2020/21 Q1 2021/22 Q1 2020/21 Q1 2021/22 Q1 2020/21

Net revenues 212.4 189.7 92.2 73.1 -15.3 -12.0 289.3 250.8

External revenues 212.1 189.5 77.2 61.3 0 0 289.3 250.8

Inter-company revenues 0.3 0.2 14.9 11.8 -15.3 -12.0 0 0

EBIT 15.9 5.9 8.6 3.8 -4.4 -2.7 20.1 7.0

Investments 4.9 4.9 2.9 2.4 1.1 1.3 8.9 8.6

Depreciation -9.0 -10.8 -3.1 -3.8 -1.3 -1.2 -13.4 -15.9

Q1 2021/22 results 18 F i v e - Ye a r O v e r v i e w Zumtobel Group

in EUR mn 2020/21 2019/20 2018/19 2017/18 2016/17

Revenues 1,044.5 1,131.3 1,162.0 1,196.5 1,303.9

Adjusted EBIT 45.5 53.9 27.6 19.7 72.4

as a % of revenues 4.4 4.8 2.4 1.6 5.6

Net profit/loss for the period 45.6 14.5 -15.2 -46.7 25.2

as a % of revenues 4.4 1.3 -1.3 -3.9 1.9

Total assets 977.7 1,011.7 920.9 986.1 1,019.6

Equity 308.4 280.7 262.8 268.3 334.0

Equity ratio in % 31.5 27.7 28.5 27.2 32.8

Net debt 97.3 165.7 148.7 146.3 91.0

Cash flow from operating results 115.7 101.3 56.8 53.5 114.1

Investments 38.1 57.9 66.2 69.0 45.2

as a % of revenues 3.7 5.1 5.7 5.8 3.5

R&D total 64.8 62.7 66.2 73.4 82.4

as a % of revenues 6.2 5.5 5.7 6.1 6.3 Headcount incl. contract worker 5,813 6,039 5,878 6,224 6,562 (full-time equivalent)

Q1 2021/22 results 19 Thank you

ZUMTOBEL GROUP AG

Investor Relations Tel.: +43 (5572) 509 - 1125 [email protected] www.zumtobelgroup.com

20 D i s c l a i m e r

The facts and information contained herein constitute forward-looking statements as of the date they were made and based upon assumptions as to future events or circumstances that may not prove to be complete or accurate. By their nature, these statem ents involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and are difficult to predict. Therefore, actual outcomes or results may differ materially from what is expressed, implied or forecasted in these s tatements. Neither Zumtobel Group AG nor any of its directors, officers, employees or advisors nor any other person makes any representa tion or warranty, expressed or implied, as to the accuracy or completeness of the facts and information contained in this document or the related oral presentation thereof, including responses to questions following the presentation. Neither Zumtobel Group AG nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arisi ng, directly or indirectly, from any use of this document, the facts and/or information.

Whilst all reasonable care has been taken to ensure the facts stated herein are accurate and that the assumptions and opinion s contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of Zumtobel Group AG as of the date this document was made. Where any information and statistics ar e quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by Zumtobel Group AG as being accurate.

Q1 2021/22 results 21