LuxExperience B.V. · NYSE:LUXE
LuxExperience B.V — Q2 FY26 Earnings Presentation
40 slides from LuxExperience B.V's earnings presentation, February 2026
Slide 1: Investor Presentation February 2026
Investor Presentation February 2026
Slide 2: Legal Disclaimer
Legal Disclaimer Forward Looking Statements & Industry Information This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this presentati
Slide 3: LuxExperience Offers A Unique Investment Opportunity
LuxExperience Offers A Unique Investment Opportunity Outstanding market opportunity Unique valuable assets in given resilience of luxury and high differentiated brands, global growth potential of online geographic reach, and a large, high-value customer base Bold transformation plan and highly Ambit
Slide 4: Business Highlights Q2 FY26
Business Highlights Q2 FY26 4
Slide 5: LuxExperience Business Highlights Q2 FY26
LuxExperience Business Highlights Q2 FY26 • Outstanding topline growth with GMV increasing by +12.7 ex-FX (+9.9% reported) and Net Sales by +11.6% ex-FX (+8.8% reported) in the prior year period • Growth in number of top customer of +13.5% vs. Q2 FY25 and strong growth of GMV per all customers of +1
Slide 6: Improving Performance Across all Segments of LuxExperience in Q2 FY26
Improving Performance Across all Segments of LuxExperience in Q2 FY26 Luxury | Mytheresa Luxury | NAP & MRP Off-price | YOOX = vs. LY +13.5% +9.9% (12.1%) (1.9%) (19.3%) (10.8%) Gross Merchandise Value (GMV) 245.9 268.9 224.5 290.7 118.6 125.3 (in €mm) Q1 FY26 Q2 FY26 Q1 FY26 Q2 FY26 Q1 FY26 Q2 FY26
Slide 7: Group Transformation Fully on Track and with Clear Impact
Group Transformation Fully on Track and with Clear Impact • New Target Organization for Luxury and Off-price finalized • Separation of Luxury and Off-price structures almost complete Organization • YNAP Group-wide workforce reduction now in execution • Completion of THE OUTNET asset sale expected at
Slide 8: At Group Level, LuxExperience Targets €4bn Net Sales And 7-9% Adj. EBITDA In The Medium-term
At Group Level, LuxExperience Targets €4bn Net Sales And 7-9% Adj. EBITDA In The Medium-term Medium-term targets1 GMV / Net Sales 10-15% CAGR % Growth to achieve €4bn net sales in FY30 Adjusted EBITDA Margin 7-9% as % of Net Sales 1. These are not projections; they are goals / targets and are forwar
Slide 9: Luxury | Mytheresa Q2 FY26 & H1 FY26
Luxury | Mytheresa Q2 FY26 & H1 FY26 9
Slide 10: Mytheresa with Outstanding Results Across Key Performance Indicators in Q2 FY26
Mytheresa with Outstanding Results Across Key Performance Luxury | Mytheresa Indicators in Q2 FY26 Q2 FY26 Highlights Luxury | Mytheresa Total Active Customers LTM (in ‘000) Average Order Value (AOV) LTM (in €) 788 824 (6.5%) vs. LY +12.0% vs. LY Top Customer Share of Total Customers Growth in Spend
Slide 11: Mytheresa's Continued Double-digit Growth Strongly Driven by Success in the United States
Mytheresa’s Outstanding Continued Double-digit Growth Luxury | NAP & MRP Strongly Driven by Success in the United States Net Sales Development YoY Growth United States YoY Growth +22.9% +12.2% +21.9% +11.5% +8.8% +6.4% Q4 FY25 Q1 FY26 Q2 FY26 Q4 FY25 Q1 FY26 Q2 FY26 11
Slide 12: Excellent Top Customer Engagement With Digital and Physical Experiences at Mytheresa
Excellent Top Customer Engagement With Digital and Physical Luxury | Mytheresa Experiences at Mytheresa in Q2 FY26 Unique TC Events & Experiences High-End Luxury Brand Collaborations DOLCE&GABBANA ROGER VIVIER ETRO BOTTEGA VENETA Dolce&Gabbana, New York Launch of Exclusive Launch of exclusive Launch
Slide 13: Mytheresa Intensifying its Outreach to the High End Luxury Community
Mytheresa Intensifying its Outreach to the High End Luxury Luxury | Mytheresa Community in the US, Europe and Asia in Q2 FY26 JILIN CITY (CN) NEW YORK (US) ST. MORITZ (CH) Exclusive Winter Experience, Jilin City: Holiday Gift Shop, New York: Maison Mytheresa, St Moritz: • First-ever winter experienc
Slide 14: Outstanding Results On Top and Bottom Line for Mytheresa in Q2 FY26
Outstanding Results On Top and Bottom Line for Mytheresa Luxury | Mytheresa in Q2 FY26 Key Operating and Financial Metrics – Luxury | Mytheresa1 Q1 FY262 YoY Growth Q2 FY263 YoY Growth H1 FY264 YoY Growth Reported LTM Active Customers (‘000) 812 (3.6%) 788 (6.5%) 788 (6.5%) Gross Merchandise Value (
Slide 15: Luxury | NAP & MRP Q2 FY26 & H1 FY26
Luxury | NAP & MRP Q2 FY26 & H1 FY26 15
Slide 16: NET-A-PORTER and MR PORTER With Clear Improvements Across Key Performance Indicators
NET-A-PORTER and MR PORTER With Clear Improvements Across Luxury | NAP & MRP Key Performance Indicators in Q2 FY26 Q2 FY26 Highlights Luxury | NAP & MRP Total Active Customers LTM (in ‘000) Average Order Value (AOV) LTM (in €) 831 861 (23.3%) vs. LY +13.6% vs. LY Top Customer Share of Total Customer
Slide 17: NET-A-PORTER and MR PORTER With Clear Signs of Topline Turnaround
NET-A-PORTER and MR PORTER With Clear Signs of Topline Luxury | NAP & MRP Turnaround With Europe Leading The Trend Net Sales Development YoY Growth EU1 Net Sales Growth +14.4% (9.0%) (10.8%) (1.0%) (5.5%) (9.2%) Q4 FY25 Q1 FY26 Q2 FY26 Q4 FY25 Q1 FY26 Q2 FY26 1) excluding UK 17
Slide 18: NAP and MRP Driving Outstanding Customer Engagement Through Editorial Content
NAP and MRP Driving Outstanding Customer Engagement Luxury | NAP & MRP Through Uniquely Engaging Editorial Content NET-A-PORTER MR PORTER Le Club Rabanne: MR PORTER Journal: • Exclusive capsule collection amplified with intimate London • Feature of musician and writer Josh Homme drove 20k visits coc
Slide 19: Financial Results at NET-A-PORTER and MR PORTER in Q2 FY26
Financial Results at NET-A-PORTER and MR PORTER in Q2 FY26 Luxury | NAP & MRP Clearly Up vs. Q1 FY26 Key Operating and Financial Metrics – Luxury | NAP & MRP1 Q1 FY262 YoY Growth Q2 FY263 YoY Growth H1 FY264 YoY Growth Reported LTM Active Customers (‘000) 872 (25.9%) 831 (23.3%) 831 (23.3%) Gross Me
Slide 20: Off-price | YOOX Q2 FY26 & H1 FY26
Off-price | YOOX Q2 FY26 & H1 FY26 20
Slide 21: Focus on Healthy Core for YOOX Drives Expected Volume Decline
Focus on Healthy Core for YOOX Drives Expected Volume Off-price | YOOX Decline but Significantly Improves Quality of the Business Q2 FY26 Highlights Off-price | YOOX Total Active Customers LTM (in ‘000) Average Order Value (AOV) LTM (in €) 1,081 255 (16.6%) vs. LY +11.4% vs. LY Top Customer Share of
Slide 22: Focus on Healthy Core for YOOX Drives Growth in Lower Cost To Serve Geographies
Focus on Healthy Core for YOOX Drives Already Growth in Off-price | YOOX Lower Cost To Serve Geographies Net Sales Development YoY Growth EU1 Net Sales Growth 13.9% (17.0%) (16.6%) (7.3%) (3.2%) (10.6%) Q4 FY25 Q1 FY26 Q2 FY26 Q4 FY25 Q1 FY26 Q2 FY26 1) excluding UK 22
Slide 23: YOOX Engaging With Customers for the First Time in Years
YOOX Engaging With Customers for the First Time in Years, Off-price | YOOX Delivering on Brand Community Values Milan Berlin Holiday Fashion Dinner Fashion Meets Art Event • In line with its Holiday Campaign theme, YOOX • Hosted at the surprising NOTAGALLERY, YOOX brought curated an intimate Holiday
Slide 24: Financial Results of Off-price Segment Driven by Focus on Healthy Core
Financial Results of Off-price Segment as Expected Driven by Off-price | YOOX Focus on Healthy Core but Already Clearly Up vs. Q1 FY26 Key Operating and Financial Metrics – Off-price | YOOX1 Q1 FY262 YoY Growth Q2 FY263 YoY Growth H1 FY264 YoY Growth Reported LTM Active Customers (‘000) 1,121 (20.1%
Slide 25: Group Financial Results Q2 FY26 & H1 FY26
Group Financial Results Q2 FY26 & H1 FY26 25
Slide 26: LuxExperience Group Shows Topline Growth and Adj. EBITDA Profitability
LuxExperience Group Shows Topline Growth and Adj. EBITDA Profitability For The First Time Since The YNAP Acquisition LuxExperience Group – Illustrative1 Q2 FY262 YoY Growth H1 FY263 YoY Growth Reported Gross Merchandise Value (€mm) 684.8 +0.2% 1,274 (2.0%) Net Sales (€mm) 645.1 +1.1% 1,202 (1.4%) Gr
Slide 27: LuxExperience Group P&L Fully in Line With Expectations and Transformation Plan
LuxExperience Group P&L Fully in Line With Expectations and Transformation Plan LuxExperience Group – Gross Profit and Cost Line Ratios by Segment - Illustrative in €mm Luxury | Mytheresa Luxury | NAP & MPR Off-price | YOOX LuxExperience Group Q2 FY26 YoY Growth Q2 FY26 YoY Growth Q2 FY26 YoY Growth
Slide 28: First Good Results of SG&A Cost Reductions in Q1 FY26 and Q2 FY26
First Good Results of SG&A Cost Reductions in Q1 FY26 and Q2 FY26 LuxExperience Group – SG&A Cost Development in €mm Q1 FY26 as a % of GMV Q2 FY26 as a % of GMV Reported Sales & Marketing 25.0 4.2% 26.6 3.9% Operations 46.0 7.8% 50.1 7.3% Tech 29.5 5.0% 29.7 4.3% Corporate 27.9 4.7% 24.7 3.6% Total
Slide 29: Turnaround Plan Fully Funded With Significant Liquidity Headroom Left
Turnaround Plan Fully Funded With Significant Liquidity Headroom Left €804 million €200 million €744 million RCF2 €200 million €604 million1 RCF2 €350 - €450 million €125 million in high-quality investment instruments €419 million cash and cash equivalents Cash and cash equivalents balance Expected
Slide 30: LuxExperience Provides Improved Full FY26 Guidance
LuxExperience Provides Improved Full FY26 Guidance Assumptions for Full FY26 Guidance for Full FY26 GMV between €2.5 billion to €2.7 billion 1 Luxury | Mytheresa is expected to continue significant top-line growth and improved 1 (previously €2.4 billion to €2.7 billion) and Adj. EBITDA profitability
Slide 31: LuxExperience Offers A Unique Investment Opportunity
LuxExperience Offers A Unique Investment Opportunity Outstanding market opportunity Unique valuable assets in given resilience of luxury and high differentiated brands, global growth potential of online geographic reach, and a large, high-value customer base Bold transformation plan and highly Ambit
Slide 32: Appendix
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Slide 33: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics Three Months Ended December 31, Six Months Ended December 31, Change Change 2024 2025 2024 2025 in % in % (in millions) (unaudited) Net loss from continuing operations (4.7) (12.6) 169.6% (28.2) (99.2) 251.7% Finance costs, net 2.0 1.9 (4.4%) 3.2 3.0 (6.3%) Income tax
Slide 34: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics The following table sets forth the reconciliations GMV to growth of GMV on a constant currency basis and net sales to growth of net sales on a constant currency basis for the LuxExperience Group for the three months ended December 31, 2024 and 2025: Three Months Ended
Slide 35: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics The following table sets forth the reconciliations GMV to growth of GMV on a constant currency basis and net sales to growth of net sales on a constant currency basis for Luxury | Mytheresa segment for the three months ended December 31, 2024 and 2025: Three Months End
Slide 36: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics The following table sets forth the reconciliations GMV to growth of GMV on a constant currency basis and net sales to growth of net sales on a constant currency basis for Off-price | YOOX segment for the three months ended December 31, 2024 and 2025: Three Months Ended
Slide 37: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics Three months ended December 31, 2024 Off- Total Luxury Luxury Other Aggrega (in € millions) (unaudited) Price Segments (3) Mytheresa NAP & MRP ted YOOX excl. Other Net sales 223.0 279.8 135.2 638.0 52.6 690.6 Cost of sales, exclusive of depreciation and (109.4) (148.9)
Slide 38: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics Three months ended December 31, 2025 Off- Total Reconc- Luxury Luxury Other Consoli (in € millions) (unaudited) Price Segments (3) iliation Mytheresa NAP & MRP (1)(2)(4)(5) dated YOOX excl. Other Net sales 242.7 277.1 125.3 645.1 1.8 - 646.9 Cost of sales, exclusive of
Slide 39: Reconciliation to IFRS Metrics
Reconciliation to IFRS Metrics (3) Represents Online Flagship Stores (“OFS”) and Feng-Mao (“FM”) businesses being wound down. (4) During the three and six months ended December 31, 2025, intercompany sales of €0 and €2,858 thousand, respectively, were included in Net sales, with corresponding amount
Slide 40: MYTHERESA NET-A-PORTER MR PORTER
MYTHERESA NET-A-PORTER MR PORTER MR PORTER YOOX YOOX MYTHERESA NET-A-PORTER L . uxExperience MR PORTER YOOX MYTHERESA MYTHERESA NET-A-PORTER NET-A-PORTER MR PORTER YOOX