Invicta Holdings Limited · JSE:IVT
Invicta — H1 FY2026 Earnings Presentation
44 slides from Invicta's earnings presentation, Nov 24, 2025
Slide 1: Interim Results Presentation
INTERIM RESULTS PRESENTATION g Innovative solutions that empower industries, for a sustainable future
Slide 2: Disclaimer
O Teicta HOLDINGS LIMITED Welcome Disclaimer EEE The information contained in this presentation may differ from the financial information pertaining to the audited financial results of Invicta Holdings Limited (‘Invicta’), as published on SENS in terms of the JSE Listings Requirements. Certain perfo
Slide 3: Table of Contents
Li. Invicta HOLDINGS LIMITED Welcome Table of Contents Welcome & Introduction Page 04 Who We Are Page 05 The Period at a Glance Page 07 Notable Achievements Page 08 Group Financial Overview Page 25 Operational Review Page 39 Key Developments & Transactions Page 41 Prospects & Strategy wwnwinvictahol
Slide 4: Who We Are
tion Who We Are Invicta distributes earthmoving, industrial, automotive, and agricultural products, often exclusively, which are always available and overlaid with a technical and service solution. We add value through our distribution chain, product availability and by providing technical support.
Slide 5: The Period at a Glance
O) Twicta HOLDINGS LIMITED Introduction The Period at a Glance + Astrong set of operating results presented under challenging trading conditions + Continued focus on executing our strategy, driving operational efficiency, and positioning ourselves for sustainable growth + We remain committed to our
Slide 6: The Period at a Glance: South African impacts
Invicta HOLDINGS LIMITED Introduction The Period at a Glance South African impacts: + Welcomed reduction in borrowing rates during the period, with positive outlook for further decreases + Volatility in currencies + Struggling macro level statistics across the sectors in which we operate + Experienc
Slide 7: Notable Achievements
O) Twicta HOLDINGS LIMITED Introduction Notable Achievements NOTABLE ACHIEVEMENTS FOR THE PERIOD Sustainable headline earnings per share up by 19% Net finance costs down 14% (excl interest received from financing transactions) Acquisition of the Spaldings operations in the UK on 1 September 2025 INV
Slide 8: For the Period Ended September 2025
Invicta HOLDINGS LIMITED Group Financial Overview For the Period Ended 30 September 2025 INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ende
Slide 9: Group Sustainable Operating Profit
Invicta HOLDINGS LIMITED Group Financial Overview Group Sustainable Operating Profit WM dh dd R'000 seo2028 | Sep 2024 Operating profit before net finance income on financing transactions 325359 368 850 and foreign exchange as reported Deduct: Net profit on disposal of investments (4 183) (17 142) A
Slide 10: Kian Ann Group Contribution to Sustainable Headline Earnings
Invicta HOLDINGS LIMITED Group Financial Overview Kian Ann Group Contribution to Sustainable Headline Earnings MMMM dd da R'ooo sep 008 | Sep 2024 Equity accounted earnings Adjusted for the following net of tax: Add back: Amortisation of PPA Assets Sustainable headline earnings 69 401 78 830 7847 70
Slide 11: Group Sustainable Headline Earnings
Invicta HOLDINGS LIMITED Group Financial Overview Group Sustainable Headline Earnings R'o000 seo2008 | Sep 2024 Headline earnings 235 506 223 475 Adjusted for the following net of tax: Add back: Amortisation of PPA Assets 11382 9241 NWB, Spaldings, KKB, MIH Group, KMP Group and KMP Far East Unwindin
Slide 12: Group Sustainable Results at a Glance
Invicta HOLDINGS LIMITED Group Financial Overview Group Sustainable Results at a Glance Operating profit* HEPS *4 NAV per ordinary share ** Before net finance income and forex J 6% 219% T 3% to R332 million to 285 cents to R60.90 * Sustainable “ % growth vs 31 March 2025 * Headline earnings per shar
Slide 13: Statement of Comprehensive Income (Extract)
Invicta HOLDINGS LIMITED Group Financial Overview Statement of Comprehensive Income (Extract) Medd R'000 Revenue Cost of sales Gross profit Expected credit loss Selling, administration and distribution costs Operating profit before interest on financing transactions and FX movements. Net finance inc
Slide 14: Normalised Selling, Administration and Distribution Costs
Invicta HOLDINGS LIMITED Group Financial Overview Statement of Comprehensive Income Normalised selling, administration and distribution costs MM R'000 Sep 2024 As reported 1026 183 920714 Net profit on disposal of property, plant and equipment 517 3585 Net gain on disposal of investments 4183 17 313
Slide 15: Statement of Comprehensive Income (Extract)
O Teicta HOLDINGS LIMITED Group Financial Overview Statement of Comprehensive Income (Extract) UMMddddddddddddddddddddddddddd R'ooo Sep 2024 % Finance income 25.246 23919 6% Finance cost (79 671) (87 524) -9% Share of losses from associates (1745) (130) >100% Share of profits from joint ventures 69
Slide 16: Statement of Financial Position: Assets
1 Invicta R'000 es Mar 2025 HOLDINGS LIMITED Assets . . Property, plant and equipment (incl invest prop) 1253 251 1160 869 Group Financial Overview IFRS 16 - Right of use assets 208 661 209 179 Statement of Investments in associates 15104 17394 Fi ial Position: Investments in joint ventures 1820 904
Slide 17: Reconciliation of Carrying Value of Investment in the Kian Ann Group
O) Twicta HOLDINGS LIMITED Group Financial Overview Reconciliation of Carrying Value of Investment in the R'000 Sep 2024 Kian Ann Group Investment in Kian Ann balance at 31 March 1852 285 ; = Add; Share of profit, net of taxation 69 401 Less: Share of other comprehensive losses (17 965) Less: Foreig
Slide 18: Statement of Financial Position: Assets (cont.)
1 Invicta R'000 _, Mar 2025 HOLDINGS LIMITED Assets . . Property, plant and equipment (incl invest prop) 1253 251 1160 869 Group Financial Overview IFRS16 - Right of use assets 208 661 209 179 Statement of Investments in associates 15 104 17394 a Fj pee Investments in joint ventures 1820 904 1852 28
Slide 19: Inventory
Invicta HOLDINGS LIMITED Group Financial Overview Inventory Industrial Solutions and parts Capital Equipment and parts UM ldddddddddddddddddddd R'000 Sep 25 Mar 25 Sep 25 Mar 25 Gross value Provision Net value 2 314 101 324 346 1989 755 2 396 442 344 763 2051 679 980 139 85 611 894 528 927 433 77 64
Slide 20: Statement of Financial Position: Assets (cont.)
1 Invicta R’o00 ee) Mar 2025 HOLDINGS LIMITED Assets . . Property, plant and equipment (incl invest prop) 1253 251 1160 869 Group Financial Overview IFRS16 - Right of use assets 208 661 209 179 Statement of Investments in associates 15 104 17394 Fi ial Position: Investment in joint ventures 1820 904
Slide 21: Statement of Financial Position: Equity & Liabilities
1 Invicta R'000 ez Mar 2025 HOLDINGS LIMITED Shareholders’ equity 5 407691 5 451816 Group Financial Overview Borrowings ee 12 978 489 Finance lease liabilities 188 572 177 292 Statement of IFRS 16 - Right of use lease liabilities 183 422 181615 F 4 ae, Employee benefit bonus incentive 39 641 15 004
Slide 22: Total Net-Interest Bearing Debt
Invicta HOLDINGS LIMITED Group Financial Overview Total Net-Interest Bearing Debt R'000 sone Mar 2025 Borrowings and finance lease liabilities non-current 1531084 1155 781 Borrowings and finance lease liabilities current 374 624 330730 Cash (930 972) (799 800) Overdraft Net debt excluding IFRS 16 IF
Slide 23: Bank Covenants September 2025
Invicta HOLDINGS LIMITED Group Financial Overview Bank Covenants 30 September 2025 Invicta has complied with all covenants Covenants Requirement Achieved Net Debt to EBITDA Ratio 3.5< 2.92 Interest Cover Ratio 3.5> 4.49 INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30
Slide 24: Cash Flow Statement
O Teicta HOLDINGS LIMITED Group Financial Overview Cash Flow Statement R'000 } sep 2028 | Sep 2024 Cash flows from operating activities Cash generated from operations 419 169 332104 Net finance costs (46 787) (60 039) Net Dividends paid (103 177) (161328) Taxation paid (93 399) (76 023) Net cash inf
Slide 25: Operational Review
Invicta HOLDINGS LIMITED Operational Review For the Period Ended 30 September 2025 INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30 September 2025
Slide 26: Our Operations
i. Invicta HOLDINGS LIMITED Group Financial Overview Our Operations Operating seg Operations presented Replacement Parts Industrial Replacement Parts Auto-Agri Capital Equipment Replacement Parts Earthmoving Kian Ann Group A full breakdown of the five segments is available in the results booklet Ind
Slide 27: Industrial Solutions and parts
mG| Invicta HOLDINGS LIMITED Industrial Solutions and parts Replacement Parts Industrial, Replacement Parts Auto-Agri INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30 September 2025
Slide 28: Operational Segment Review: Results Summary
O) Twicta HOLDINGS LIMITED Operational Segment Review Results Summary 30 September 2025 Industrial Solutions and parts Revenue (R'm) 3000 9941 2880 2876 2250 1500 Yb 01% 750 Sep 2023 Sep 2024 Sep 2025 Net Operating Assets (Rm) 3000 2427 24n 2497 2250 1500 750 Sep 2024 Mar 2025 Sep 2025 MMMM ILL LLL
Slide 29: Sustainable Operating Profit Before Forex
i e Sustainable Operating Profit Before Forex Invicta in HOLDINGS LIMITED 525 Operational Segment Review 218 5 25 Results Summary 6. aa 30 September 2025 Industrial Solutions 368 and parts 300 225 150 Segmental Sustainable Operating profit Disposal of IFRS 16 Sustainable operating profit operating p
Slide 30: Revenue Contribution by Market Segment
O) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2025 Industrial Solutions and parts B® Automotive & Transport B® Mining CHM ddd ddd 16% Market Segment 13% @ Retail/Trade ® Other @ Food & Beverage M® Construction @ Industrial @ Agriculture ™ Cash Sales @ Projec
Slide 31: Revenue Contribution by Stream and Region
O) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2025 Industrial Solutions and parts UM dddddddddddddddddddddddddddddddddd Revenue Stream 36% m Consumables 64% m Engineering Region 15% 76% @ SouthAfrica m Africa m™ Europe INVICTA HOLDINGS LIMITED | Interim Resu
Slide 32: Operational Segment Review: Outlook
O Teicta HOLDINGS LIMITED Operational Segment Review Outlook 30 September 2025 Industrial Solutions and parts The Industrial sector expects headwinds in the steel and engineering industry that will spill through in the demand for consumables Engineering services continued to do well With slower fore
Slide 33: Capital Equipment and parts
q Invicta HOLDINGS LIMITED Capital Equipment and parts Capital Equipment, Replacement Parts Earthmoving, Kian Ann Group Mtiiiiiitiitiitidita INVICTA HOLDINGS LIMITED | Intern Results Presenta
Slide 34: Operational Segment Review: Results Summary
Revenue Sustainable Operating Profit Before Forex (R'm) (Rm) ° Invicta 16 aay soo HOLDINGS LIMITED 1129 one 1050 905 225 200 214 . * 25% » 1% Operational Segment Review 700 150 Results Summary 30 September 2025 350 °c Capital Equipment and parts Sep 2023 Sep 2024 Sep 2025 Sep 2023, Sep 2024 Sep 2025
Slide 35: Sustainable Operating Profit Before Forex
1 Invicta Sustainable Operating Profit Before Forex ®m) 450 ———— 5 2 422 HOLDINGS LIMITED -200 6 TY Operational Segment Review 375 [ Results Summary 30 September 2025 300 Capital Equipment and parts 25 150 5 Segmental Sustainable Operating profit Equity PPA Amort IFRS 16 Sustainable operating profit
Slide 36: Revenue Contribution by Market Segment
O) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2025 Capital Equipment and parts Market Segment 60% & Mining @ Other @ Automotive & Transport ® Construction @ Agriculture @ Materials Handling ™ Earthmoving Retail/Trade jeptember 2025 INVICTA HOLDINGS LIMITED |
Slide 37: Revenue Contribution by Stream and Region
O) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2025 Capital Equipment and parts UM dddddddddddddddddddddddddddddddddd Revenue Stream 52% 39% @ Equipment ® Rental ™@ Consumables @ Parts @ Service INVICTA HOLDINGS LIMITED | Inter Region 2% 13% \ | @ South Afric
Slide 38: Operational Segment Review: Outlook
Invicta HOLDINGS LIMITED Operational Segment Review Outlook 30 September 2025 and parts + Construction and earthmoving equipment volumes showing signs of growth + Mining activity is improving, although commodity prices still below the average trend line + Stabilisation of global tariffs should provi
Slide 39: Key Developments & Transactions
Invicta HOLDINGS LIMITED Key Developments & Transactions For the Period Ended 30 September 2025 INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ende
Slide 40: Key Developments and Transactions in the Period Under Review
O) Twicta HOLDINGS LIMITED Key Developments and Transactions in the Period Under Review Kian Ann's acquisition of Safe Harbor: On 1 May 2025, Kian Ann acquired 100% of Safe Harbor Safe Harbor is a premium aftermarket parts supplier (primarily of cab glass) fora wide variety of capital equipment loca
Slide 41: Prospects & Strategy
Invicta HOLDINGS LIMITED Prospects & Strategy For the Period Ended 30 September 2025 INVICTA HOLDINGS LIMITED | Inter 2025
Slide 42: Looking Forward
O) Twicta HOLDINGS LIMITED Prospects & Strategy Looking Forward Objectives: + Managing working capital and optimising operations Continued focus on cash generation Managing the supply chain and logistical challenges Looking for appropriate acquisitions and new product lines VM ddd oe dill 42 INVICTA
Slide 43: Looking Forward
1 Invicta HOLDINGS LIMITED LOOKING FORWARD
Slide 44: Thank you for your attendance & participation
H Invicta HOLDINGS LIMITED Thank you for your attendance & participation www.invictaholdings.co.za For any further Investor Relations questions please contact: Vanessa Rech | Keyter Rech Investors Solutions | vrech@kris.co.za | 083 307 5600 or Sade Lekena | Invicta Holdings | legal@invictaholdings.c