060601_BPK_Charts_Presse.ppt 1 Check against delivery ALNO AG ANNUAL PRESS CONFERENCE June 12, 2006

060601_BPK_Charts_Presse.ppt 2 EBT of the ALNO Group in € millions HGB2004 IFRS2005 IFRS 0.6  One-time exceptional charges from restructuring and legacy costs: € -6.4 mn pro forma: +29.6%

060601_BPK_Charts_Presse.ppt 3 EBT of the ALNO Group in € millions HGB2004 IFRS2005 IFRS 1.5  Additional charges: - From restructuring and legacy costs € -0.6 mn - From allocations to provisions for legacy pensions € -1.0 mn pro forma: +21.1%

060601_BPK_Charts_Presse.ppt Total consolidated turnover in € millions pro forma: +0.5% -5.6 %  Pro forma adjustment: - Turnover lost from appliance business: € mn - Turnover lost from Wellpac disposal:€ mn - Turnover lost from business closures:€ -7.5 mn

060601_BPK_Charts_Presse.ppt 5 Industry consolidation Number of companies Change : No. of providers: No. of employees: (1,000): -44 (-30.3%) -80 (-32.5%) Number of employees (1,000) Domestic market performance Year-to-year market performance (%)

060601_BPK_Charts_Presse.ppt 6 Net turnover of ALNO AG (domestic) in € millions  Success factors: - Systematic account management -Fully integrated retailer and consumer marketing system Product range development focused on design, functionality, user behavior and architecture +6.7%

060601_BPK_Charts_Presse.ppt 7 Consolidated turnover (export) in € millions  Success factors: - Product range policies - Market cultivation +5.9%

060601_BPK_Charts_Presse.ppt 8 Total costs of the ALNO Group in € millions HGB2004 IFRS2005 IFRS  Since 2003, total costs have fallen -6.8%  Reasons for the drop in costs: -Efficiency enhancement and cost-cutting programs -Elimination of low-margin sales 462.1* ** * CASAWELL Group included for only 3 months ** Pro-forma comparison, CASAWELL Group included for 12 months -4.1%

060601_BPK_Charts_Presse.ppt 9 2,917 2,755 2, ,000 2, ALNO Group employees (annual average) -3.3%

060601_BPK_Charts_Presse.ppt HGB2004 IFRS2005 IFRS  During the reporting period, the Group maintained the same high level established in 2004 despite significant exceptional items. EBITDA of the ALNO Group in € millions -7.3%

060601_BPK_Charts_Presse.ppt HGB2004 IFRS2005 IFRS Investments of the ALNO Group in € millions Showroom kitchens Other * * Incl. CASAWELL goodwill +15.7%

060601_BPK_Charts_Presse.ppt Changes in liquidity of the ALNO Group in € millions  € +4.5 mn more investment than previous year  € mn change in loans (net)  € -3.7 million cash-reducing exceptional charges

060601_BPK_Charts_Presse.ppt HGB2004 IFRS2005 IFRS  Material changes in balance sheet items: a) Assets: -Non-current assets increased by € +6.5 mn -Inventories reduced by € -2.6 mn -Receivables reduced by € -2.2 mn b) Liabilities: -Shareholders' funds increased by € +9.8 mn -Current liabilities reduced by € mn Changes in total assets of the ALNO Group in € millions -1.8%

060601_BPK_Charts_Presse.ppt IFRS2005 IFRS  Key drivers: -Investment in plant and equipment -Investment in showroom kitchens -Dubai presence Changes in non-current assets of the ALNO Group in € millions +4.5%

060601_BPK_Charts_Presse.ppt 15 Shareholders' funds of the ALNO Group in € millions HGB2004 IFRS2005 IFRS  Shareholders' funds at the highest level in the past 4 years 21.8 HGB +31.4%

060601_BPK_Charts_Presse.ppt IFRS2005 IFRS  Key drivers: -Net change in loans (€ mn) -More draw-downs on CA line Changes in financial liabilities of the ALNO Group in € millions -9.6%

060601_BPK_Charts_Presse.ppt IFRS2005 IFRS  Key drivers: -Operating factors Changes in other liabilities of the ALNO Group in € millions -3.3%

060601_BPK_Charts_Presse.ppt 18 Review of fiscal 2005 for the ALNO Group  The ALNO Group generated € +0.6 million in EBT in 2005, producing a pre- tax profit for the second year in a row on the heels of many years of losses following the IPO.  Net profit includes extraordinary one-time charges and operating factors amounting to € -6.4 million.  Guidance 2005: EBT of € -2.0/+1.0 mn (before excep. items). Actual 2005: EBT of € +5.4 mn (before excep. items).  The ALNO Group instituted several initiatives under FUTURA to counteract external risks such as: cost increases in procurement markets, and fierce, price-driven competition in a contracting domestic market. The restructuring plan was continued at the same time.

060601_BPK_Charts_Presse.ppt 19 Strategic and operational focuses in fiscal 2005  Shareholders' funds increased € mn under the global authorization  Annual general meeting resolved to increase shareholders' funds with subscription rights (4.485 million shares)  Wellpac Möbelwerke GmbH removed from portfolio  Wellmann, Geba integrated and restructuring continued  Development of FUTURA III medium-term strategy  Innovative, fully integrated product range development  Construction of the first foreign production site in the ALNO Group's history in Dubai

060601_BPK_Charts_Presse.ppt 20 Increase in value Increase shareholder value Profitability Widen margins Growth Increase market share Efficiency Optimize resource use FUTURA strategy program

060601_BPK_Charts_Presse.ppt 21 Performance of the ALNO AG share (Frankfurt) in €  Share performance: Peak 2005:€ 8.10 YE 2005:€ 4.80 Current 2006:€ 5.70  Market capitalization: YE 2005:€ 50.3 mn YM 2002:€ 14.8 mn Growth in value 2005 vs. 2002:€ 35.5 mn

060601_BPK_Charts_Presse.ppt Profitability performance of the ALNO Group in € millions pro forma: % %

060601_BPK_Charts_Presse.ppt % 33.9% 0.0% 20.0% 40.0% Changes in relative growth/market share of the ALNO Group +68.7%

060601_BPK_Charts_Presse.ppt Cost efficiency performance of the ALNO Group (€/unit) -2.1% Cost of sales Cost efficiency performance of the ALNO Group (€/unit) -7.1% Personnel costs

060601_BPK_Charts_Presse.ppt % 117.0% 0.0% 40.0% 80.0% 120.0% Changes in the efficiency of the ALNO Group (2003=100%) +17.0% Productivity Productivity: NT/EMP Program product range Revenues from sales 35% 75% 2002 Program product range Revenues from sales 69% 75% 2005 Changes in the efficiency of the ALNO Group Product range

060601_BPK_Charts_Presse.ppt 26 Outlook for fiscal 2006 for the ALNO Group  Despite the general brightening of consumer sentiment and the apparent improvement in buying behavior, the 2006 financial year should be viewed with caution due to industry factors.  Like the previous year, 2006 is expected to be characterized by market- driven price increases in materials, personnel and transportation costs.  The ALNO Group's net profits for the first quarter of 2006 were higher than the targets and prior-year levels.  The ALNO Group is expecting 2006 net profits to be higher than 2005 levels as of year-end.

060601_BPK_Charts_Presse.ppt 27 Inspired by life.