Slide 1: Interim Results Presentation for the six months ended 31 March 2026
INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 31 MARCH 2026
Slide 2: Contents
CONTENTS 1 Executive summary 2 Financial performance 3 Segment reviews 4 Strategy update 5 Prospects statement 2
Slide 3: Executive Summary
EXECUTIVE SUMMARY Mixed performance with improved prospects in H2 FY26 H1 FY26 RESULTS (CONTINUING OPERATIONS) REVENUE O P E R AT I N G P R O F I T N E T C AS H R6 309m R453m R383m 1% 23% (FY25: R81m) H E AD L I N E E P S N AV P E R S H AR E D I V I D E N D R E T AI N E D 185cps R44,22 90cps 22% 5%
Slide 4: Financial Performance
02 Rewnert TeINANCIAL PERFORMANCE
Slide 5: Macroeconomy in which we operate
MACROECONOMY IN WHICH WE OPERATE Uncertain outlook presents significant downside risks 5
Slide 6: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Continuing operations % 1 Revenue increased by 1% Rm H1 FY26 H1 FY25 change 1 Revenue 6 309 6 218 1 Electrical Engineering Operating expenses (5 841) (5 649) ˃ Strong circuit breaker export volumes into the USA Operating profit before impairment of financial
Slide 7: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Continuing operations % 23% decline in operating profit due to: Rm H1 FY26 H1 FY25 2 change Revenue 6 309 6 218 1 ˃ The overall decline in segment operating profit: Operating expenses (5 841) (5 649) − Electrical Engineering 40% Operating profit before impair
Slide 8: IFRS 2 – Share-based Payment Remeasurements
IFRS 2 – SHARE-BASED PAYMENT REMEASUREMENTS ESOP Inception: April 2022 Vesting period: Vesting: April 2027 60 months Sep 2024 H1 FY25 H2 FY25 H1 FY26 Share price (Rand) 81,00 60,55 53,82 65,16 % change in share price from the beginning of the period (25%) (11%) 21% Remeasured liability (after trickl
Slide 9: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Continuing operations % Decrease in continuing operations earnings: Rm H1 FY26 H1 FY25 3 change Revenue 6 309 6 218 1 ˃ HEPS: 22% or 53 cents per share Operating expenses (5 841) (5 649) ˃ EPS: 24% or 58 cents per share Operating profit before impairment of f
Slide 10: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Continuing operations 3 Period-on-period impact on HEPS Cents per share 19 (27) (14) 238 (24) (7) 185 H1 FY25 HEPS Applied Electronics: Electrical Engineering ECL IFRS 2: Share- Other H1 FY26 HEPS Strong Defence underperformance based schemes performance 10 1
Slide 11: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION Balance sheet remains strong, ending in a net cash position Rm Mar 2026 Mar 2025 Sep 2025 PP&E, investment property, ROU assets & IA 1 738 1 826 1 824 Goodwill 1 122 1 130 1 122 1 Rm Mar 2026 Sep 2025 Investment in joint venture 178 189 189 Cash and cash
Slide 12: Cash Flow Analysis
CASH FLOW ANALYSIS Group cash generation supports operational and strategic objectives and dividend payments Rm Rm 1 (197) (41) (468) 682 (201) 1 740 2 (29) 3 (40) 16 38 (120) 214 70 1 380 70 Cash generated Working capital Interest, Tax paid Capital Free cash flow Capital Investing Financing Total c
Slide 13: Capital Expenditure
CAPITAL EXPENDITURE Rm Rm Rm H1 FY26 H1 FY25 103 103 Plant and equipment 29 34 Capital work in progress 11 28 40 Intangible assets 18 24 69 53 69 Cyber security and IT investment 5 11 13 Other 6 6 29 Total 69 103 40 26 50 30 29 29 > Expansion capex mainly invested in increasing the footprint of Reun
Slide 14: Segment Reviews
Reunert 03 I SEGMENT REVIEWS
Slide 15: Electrical Engineering Overview
ELECTRICAL ENGINEERING OVERVIEW Manufacturers and suppliers of energy infrastructure, low-voltage electrical protection, control and automation products and copper beneficiation processing solutions across sub-Saharan Africa 25% 1 55% Contribution to segment operating profit Contribution to segment
Slide 16: Electrical Engineering
ELECTRICAL ENGINEERING Good circuit breaker performance offset by challenging power cable environment Drivers Financial Performance Outlook & Prospects Strong volume performance by the Circuit Breaker business SEGMENT REVENUE (Rm) More positive H2 FY26 due to improved volumes and margins ˃ Stable vo
Slide 17: ICT Overview
ICT OVERVIEW ICT, business communications and digital consulting providers delivering innovative, client- centric technology, managed and consulting solutions across Africa and beyond 1 29% 56% Contribution to segment revenue Contribution to segment operating profit Business Communications Solutions
Slide 18: ICT
ICT FY25 actions yield expected results Drivers Financial performance Outlook & Prospects Merge of Reunert Connect completed with synergies and SEGMENT REVENUE (Rm) Segment expected to deliver a solid y-o-y growth growth projections ahead of plans ˃ Improved operational execution and a high-quality
Slide 19: Applied Electronics Overview
APPLIED ELECTRONICS OVERVIEW 16% 19%1 Contribution to segment revenue Contribution to segment operating profit DEFENCE South African defence and technology manufacturers and systems integrators delivering advanced electronic fuzes, radar and tracking systems, secure communications, precision electro
Slide 20: Applied Electronics | Defence
APPLIED ELECTRONICS| DEFENCE Strong y-o-y improvement in performance as market fundamentals and execution continue to strengthen Drivers Financial Performance Outlook & Prospects Strong y-o-y improvement in performance SEGMENT REVENUE* (Rm) Long-term growth projections supported by improved strategi
Slide 21: Applied Electronics Overview – Renewable Energy
APPLIED ELECTRONICS OVERVIEW RENEWABLE ENERGY South African renewable energy and engineering solution providers delivering wheeled energy, turnkey solar engineering, procurement and construction, and specialist training services that empower commercial and industrial customers to reduce electricity
Slide 22: Applied Electronics | Renewable Energy
APPLIED ELECTRONICS| RENEWABLE ENERGY Renewable Energy Lower build rate negatively impacts H1 FY26 performance Drivers Financial Performance Outlook & Prospects Lower build rates for solar business EFFECTIVE INTEREST IN SOLAR ASSETS* (BOOS) – (MW) Much improved H2 FY26 as projects conclude and BOO i
Slide 23: Strategy Update
04 . _» Reunert y _ STRATEGY UPDATE
Slide 24: Reunert's Investment Case
REUNERT'S INVESTMENT CASE Delivering sustained financial performance through strategic initiatives and organic growth, disciplined capital allocation and a strong balance sheet Strategically aligned, diversified Growth strategies focused on Solid cash generation and a strong portfolio of high-qualit
Slide 25: Internationalisation
INTERNATIONALISATION GEOGRAPHICAL SPLIT OF INTERNATIONAL REVENUE (Rm) International revenues increased by 9% in H1 FY26 ˃ 10% CAGR since H1 FY21 CAGR 10% ˃ Provides a significant income stream to augment South African revenues ˃ Growth underpinned by strong Electrical Engineering and Defence revenue
Slide 26: Establishing an Electronic Artillery Fuze Presence in Europe
ESTABLISHING AN ELECTRONIC ARTILLERY FUZE PRESENCE IN EUROPE Strategic partnership creates a credible, independent European electronic fuze manufacturing capability ˃ Fuchs Electronics Europe, an electronic artillery fuze Why Europe? manufacturing facility to be established in Central Europe, ˃ Stru
Slide 27: Establishing an Electronic Artillery Fuze Presence in Europe
ESTABLISHING AN ELECTRONIC ARTILLERY FUZE PRESENCE IN EUROPE Strategic partnership creates a credible, independent European electronic fuze manufacturing capability FUCHS Electronics Europe ˃ Established: − to industrialise, manufacture and commercialise advanced electronic artillery fuzes in Europe
Slide 28: Looking Through Our Longer Term Strategic Investment Lens
LOOKING THROUGH OUR LONGER TERM STRATEGIC INVESTMENT LENS Lens to frame strategy, capital allocation and culture Super cycles Full potential Culture Reunert must be an active Focus of strategy, investment and Unlocking full potential through participant in the three super business unit discussions s
Slide 29: Prospects Statement
05 PROSPECTS STATEMENT 29
Slide 30: Prospects Statement
PROSPECTS STATEMENT Macroeconomic environment is likely to remain subdued with an increased demand for defence products continuing ˃ Globally, geo-political tensions are likely to continue ˃ South Africa’s economic growth expected to remain subdued ˃ Foreign currency exchange rates, inflation, commo
Slide 31: Key Upcoming Dates
KEY UPCOMING DATES 02 16 20 18 SEP SEP NOV DEC Capital Markets Day RMB Big 5 Conference Full-year results SENS Integrated Report 31
Slide 32: Empower. Innovate. Thrive.
Rewert Empower. Innovate. Thrive. _—— “ a ——— zs _ —w—
Slide 33: Annexure | ESOP – Share Price Scenarios
ANNEXURE| ESOP – SHARE PRICE SCENARIOS R70,00 R65,00 R60,00 H1 H2 H1 H2 H1 H2 H1 FY25 FY26 FY26 FY26 FY27 FY26 FY26 FY27 FY26 FY26 FY27 Estimated remeasured liability (Rm) 34 49 102 102 107 80 80 83 57 57 58 Estimated cash impact Vesting period completed (months) 42 48 54 54 60 54 54 60 54 54 60 Rm