Colt Cz Group Se · PSECZ:COLT
Colt Cz — Debt Investor Presentation (October 2025)
42 slides from Colt Cz's debt investor presentation, October 2025
Slide 1: Colt CZ Group SE Public Bond Offering Investor Presentation
COLT CZ GROUP SE PUBLIC BOND OFFERING INVESTOR PRESENTATION OCTOBER 2025
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING The following applies to this document, the oral presentation of the information in this document by Colt CZ Group SE (the Company and together with any member of its group the Group) or any person on behalf of the Company, a
Slide 3: Legal Disclaimer
LEGAL DISCLAIMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING The Information contains forward-looking statements. All statements other than statements of historical fact included in the Information are forward-looking statements. Forward-looking statements give the Company’s as well as
Slide 4: Agenda and Presenters
AGENDA AND PRESENTERS AGENDA PRESENTERS 1 COLT CZ GROUP SE AT A GLANCE JANA MATOUŠKOVÁ Head of Group Finance Colt CZ Group SE 2 RECENT NOTABLE DEVELOPMENTS 3 ONDŘEJ PALÁT FOUR KEY BRANDS Head of M&A Colt CZ Group SE 4 OTHER BRANDS 5 KEY FINANCIALS 6 APPENDIXES 4
Slide 5: Colt CZ Group SE at a Glance
Ua LT CZ GROUP SE AT A GLANCE COLT CZGROUP
Slide 6: Colt CZ Group Profile
COLT CZ GROUP PROFILE One of the world’s leading manufacturers of firearms and ammunition for military and law enforcement, personal defense, hunting, sport shooting and other commercial use. Two segments: Firearms & Ammunition Three premium Producer of small Over 4,000 Publicly listed 2025 Revenues
Slide 7: Milestones in Our History
MILESTONES IN OUR HISTORY 1825 1980 2020 Sellier & Bellot Sellier & Bellot become largest IPO on the Prague Stock founded in Prague ammunition manufacturer in Exchange Acquisition of a Czechoslovakia stake in Spuhr i Dalby 1836 1992 Colt founded Privatization of in the USA Česká Zbrojovka 2021 Acqui
Slide 8: Colt CZ Group Structure
COLT CZ GROUP STRUCTURE 100% Colt CZ Group SE 291 51 961, Czech Republic 100% 100% 100% 100% 100% 100% 100% 100% 100% Colt CZ Defence Česká zbrojovka Colt CZ Insurance Colt CZ Group swissAA CZG VIB Colt CZ Group Sellier & Bellot EHC-4M, Solutions s.r.o. a.s. Limited International s.r.o. Holding AG s
Slide 9: Main Brands & Companies
MAIN BRANDS & COMPANIES Gir Den Wer COLT Sellier @ Bellot CZDEFENCE SOLUTIONS COLT \ Z CZHUNGARY 7 GOc y divi COLT CZGROUP
Slide 10: Production Sites
PRODUCTION SITES COLT CANADA SELLIER & BELLOT SPUHR I DALBY 4M SYSTEMS CZ CZ-USA DAN WESSON HALTECH SWISSAA SALTECH COLT CZ HUNGARY VALLEY STEEL STAMP COLT 10
Slide 11: Military & Law Enforcement Focus
MILITARY & LAW ENFORCEMENT FOCUS CZ polymer pistols Assault rifles Ammunition Helmets Optical mounts CZ Scorpion EVO Sniper rifles Hand grenades Ballistic vests Accessories CZ Bren 2 rifles LV & HV grenade Explosives Other functional wear Upgrade kits launchers Law enforcement technology Selected mi
Slide 12: Recent Notable Developments
RECENT NOTABLE DEVELOPMENTS •
Slide 13: Acquisition of Synthesia Nitrocellulose
ACQUISITION OF SYNTHESIA NITROCELLULOSE FINAL APPLICATIONS On 28 August 2025, Colt CZ signed share purchase agreement for acquisition of 51% Artillery stake in Synthesia Nitrocellulose, a.s. (SNC), with the remaining 49% to be acquired shells under already agreed terms over the medium term. (105-155
Slide 14: Recent Major M&LE Contracts
RECENT MAJOR M&LE CONTRACTS CZ Czech Army framework contract 2025-2031: CZ BREN 2 rifles , CZ P-10 pistols, CZ Scorpion Evo submachineguns + accessories Ukraine – various forces: CZ BREN 2 rifles , CZ P-10 pistols, CZ Scorpion Evo submachineguns + accessories; technology transfer for CZ BREN 2 Spani
Slide 15: Transfer of Technology Experience
TRANSFER OF TECHNOLOGY EXPERIENCE Hungary: CZ Joint venture of Colt CZ and the Hungarian state, to reestablish national defense industry of Hungary Creating a small arms production facility on the Hungarian soil to provide military-grade firearms for the Hungarian Armed Forces. CZ reserve production
Slide 16: Multifunctional Indoor Sport Shooting Range in France
TOP CLASS SERVICE: MULTIFUNCTIONAL INDOOR SPORT SHOOTING RANGE IN FRANCE In 12/2022, the Group opened the first officially approved professional sport shooting center in France EG-CZ Academy offers multifunctional indoor shooting range, located in the town of Quimper in the French province of Britta
Slide 17: Four Key Brands
FOUR KEY • BRANDS
Slide 18: Česká zbrojovka
ČESKÁ ZBROJOVKA Česká zbrojovka is the main European small arms production facility of the Group, located in Uherský Brod, Czech Republic. Founded in 1936 Commercial, military and law enforcement customers Exports products to more than 90 countries Progressive R&D Modern production technologies in h
Slide 19: Colt
COLT Colt‘s Manufacturing Company LLC, located in West Hartford, Connecticut, is one of the Group's main North American production facilities. Leading designer, developer, and manufacturer of firearms , founded in 1836 Acquired by Colt CZ Group in 2021 Commercial, military, and law enforcement custo
Slide 20: Colt Canada
COLT CANADA Colt Canada Corporation, located in Kitchener, Ontario, is one of the Group's main North American production facilities. Supplying military and law enforcement customers for 50 years Acquired by Colt Defence in 2005 Acquired by Colt CZ Group in 2021 Centre of Excellence for small arms fo
Slide 21: Sellier & Bellot
SELLIER & BELLOT Sellier & Bellot is the main ammunition production facility of the Group, located in Vlašim, Czech Republic. Founded in 1825 – one of the oldest and largest small caliber ammunition producers in the world Acquired by Colt CZ Group in 2024 Production of ammunition for M&LE and commer
Slide 22: Other Brands
OTHER BRANDS •
Slide 23: swissAA
swissAA SwissAA is a producer of top-quality small caliber ammunition and law enforcement technology, with production facilities in Switzerland and Hungary. Production of small caliber ammunition, specifically 5.56 mm, 7.62 mm, 9 mm, and 12.7 mm 40mm grenade launcher ammunition portfolio Company hol
Slide 24: Spuhr i Dalby
SPUHR I DALBY Spuhr i Dalby is a Swedish manufacturer of high-quality optical mounting solutions, accessories and upgrade kits for firearms, making it highly complementary to the Group’s core business. Located in Löddeköpinge, Sweden Close cooperation with armed forces and manufacturers around the w
Slide 25: 4M Tactical
4M TACTICAL 4M Tactical is a designer and manufacturer of tactical equipment and ballistic protection. It also produces accessories for Colt CZ Group firearms. Products are designed based on real-world experience and battle-tested performance Product portfolio includes ballistic vests, plates, and h
Slide 26: Colt CZ Defence Solutions
COLT CZ DEFENCE SOLUTIONS Colt CZ Defence Solutions is a wholly owned subsidiary of the Group, based in Uherský Brod, Czech Republic. It specializes in the international trade of military materiel and ammunition for military and law enforcement customers. Provides training and support services throu
Slide 27: Key Financials
KEY FINANCIALS •
Slide 28: Revenues & EBITDA Overview
REVENUES & EBITDA OVERVIEW REVENUES ADJUSTED EBITDA In CZK m In CZK m 22,376 4,599 3,048 14,856 2,361 11,015 9,690 1,981 FY 2023 FY 2024 6M 2024 6M 2025 FY 2023 FY 2024 6M 2024 6M 2025 COMMENTS COMMENTS Revenue growth in the last 2 years driven by acquisitions as well as organic EBITDA development p
Slide 29: Balance Sheet & Capital Structure
BALANCE SHEET & CAPITAL STRUCTURE BALANCE SHEET OVERVIEW CAPITAL STRUCTURE In CZK m In CZK m As of 31 December 30 Jun 2025 31 Dec 2024 31 Dec 2023 audited 2024 2023 (unaudited) (audited) (audited) Bonds, bank loans and borrowings 17,811 11,614 ASSETS Lease liabilities 81 88 Total non-current assets
Slide 30: Revenues – Europe Plays a Key Role
REVENUES – EUROPE PLAYS A KEY ROLE REVENUE BREAKDOWN BY GEOGRAPHY REVENUE BREAKDOWN BY GEOGRAPHY – SEGMENTS In % of total revenues In % of total revenues 60% 56% 43% 37% 36% 23% 20% 15% 14% 13% 13% 12% 8% 9% 5% 5% 6% 4% 4% 4% 4% 2% 1% 1% 1% 2% 1% 1% USA Czech Rep. Canada Europe Asia Other Africa USA
Slide 31: Revenues and Adj. EBITDA Margin – Own Production vs Trading
REVENUES AND ADJ. EBITDA MARGIN – OWN PRODUCTION VS TRADING REVENUE & ADJ. OWN PRODUCTION OWN PRODUCTION EBITDA MARGIN FIREARMS AMMUNITION TRADING In CZK m In CZK m In CZK m In CZK m 11,015 5,534 4,982 28% 21% 17% 499 6% Revenues Adjusted EBITDA Revenues Adjusted EBITDA Revenues Adjusted EBITDA Reve
Slide 32: Customer Segments
CUSTOMER SEGMENTS 6M 2024 REVENUES BY TYPE OF CUSTOMER 6M 2025 FIREARMS1 FIREARMS1 39% 48% 52% 61% 49% 6M 6M 45% 51% 2024 55% 2025 AMMUNITION1 AMMUNITION1 36% 47% 53% 64% Commercial Military and Law Enforcement Notes: 1 – In percentage of total revenues 32
Slide 33: Adjusted Net Profit Without S&B PPA Amortization Effect
ADJUSTED NET PROFIT WITHOUT S&B PPA AMORTIZATION EFFECT NET PROFIT EARNINGS PER SHARE In CZK m In CZK +12.8% -18.0% 1,305 28.24 1,157 3,24 303 23.17 142 83 5,37 10,00 405 1,50 919 15,00 16,30 610 6M 2024 6M 2025 6M 2024 6M 2025 Adjusted by SB PPA Adjusted by SB PPA Adjustments Net profit Adjustments
Slide 34: Capex in Line with 2025 Guidance
CAPEX IN LINE WITH 2025 GUIDANCE CAPITAL EXPENDITURES1 CAPEX GEOGRAPHICAL SPLIT CZK m / % In CZK m 4.8% 5.9% 4.7% 6.2% 4.1% 3.3% -5.5% 9 924 921 61 87 680 633 6M 2024 6M 2025 210 362 112 331 266 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 6M 2025 CAPEX CAPEX/Revenues Czech Republic North America Other C
Slide 35: Indebtedness & Net Leverage
INDEBTEDNESS & NET LEVERAGE EXPECTED DEBT MATURITY PROFILE (INC. ACQUISITION FINANCING) NET FINANCIAL DEBT1 & NET LEVERAGE RATIO2 In CZK m/EUR m In CZK m EUR m In CZK m 2,80 200 5 000 4 517 2,47 2,26 4 000 150 3 000 3 000 11,975 12,616 100 1,20 1 998 2 000 7,465 51 51 51 51 46 50 2,685 1 000 3,670 2
Slide 36: Appendixes
APPENDIXES •
Slide 37: Synthesia Acquisition Truly Transformative for the Group
SYNTHESIA ACQUISITION TRULY TRANSFORMATIVE FOR THE GROUP The transaction values 100% of SNC at CZK 20.6bn and 100% of energy business, at CZK 1.4bn at Enterprise Value Transaction multiple at 8.2x EV/EBITDA Current Colt CZ trading multiple 9-10x Producers of military propellants and explosives (Chem
Slide 38: Transaction Details
TRANSACTION DETAILS Colt CZ signed SPA for acquisition of 51% of SNC for CZK 10.5bn Enterprise Value Cash consideration of CZK 5.5bn Expected stock consideration of around CZK 3.7bn based on the following assumptions at closing: Net Debt EUR 107m No working capital adjustment 180 trading days VWAP (
Slide 39: Put/Call Mechanism for the Remaining 49% Stake
PUT/CALL MECHANISM FOR THE REMAINING 49% STAKE PUT option of KAPRAIN for remaining 49% of SNC for CZK 10.1bn Enterprise Value Exercise period during 2 years starting 24 months after closing Cash consideration CZK 3.5bn Expected stock consideration CZK 5.3bn based on the following assumptions at the
Slide 40: NCS Pro-Forma Impact 2025
NCS PRO-FORMA IMPACT 2025 REVENUES NET LEVERAGE RATIO EXPECTED TIMING Signing 8/2025 >15% 2,7x 2,5x NCS Closing 11/2025 – Q1 2026 Carve-out of energy business into a Revenues 2025e Pro-forma revenues 2025 6M 2025 Pro-forma 2025 separate company Net debt Net leverage ratio Acquisition of 51% in energ
Slide 41: Colt CZ Sustainability Journey
COLT CZ SUSTAINABILITY JOURNEY Group sustainability foundation laid out through Sustainability fully integrated data collections and mapping Strategic initiatives to Group becoming CSRD ready in Group′s processes, financial of processes and initiatives accelerate ESG development with validated datap
Slide 42: Thank You
THANK YOU Colt CZ Group SE náměstí Republiky 2090/3a 110 00 Prague 1, Czech Republic www.coltczgroup.com [email protected]
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