Pepkor Holdings Ltd. · JSE:PPH
Pepkor — Investor Day (March 2026)
17 slides from Pepkor's investor day presentation, Mar 30, 2026
Slide 1: Capital Markets Day Conference 2026
Capital Markets CMD Conference 26 30 March 2026 MARIUS MINNIE
Slide 2: Video
VIDEO 2
Slide 3: Agenda
AGENDA 1 STORE GROWTH & FOOTPRINT 2 360 DEGREE JOURNEY 3 GROWTH: IMPERATIVES & OPPORTUNITY
Slide 4: Store Growth & Footprint
CMD 26 1 STORE GROWTH & FOOTPRINT
Slide 5: Stores Growth
Bogoté Colémbia, ‘ Sages i Oe xs CEARA Ri GRANDE, van “9, f sonore ‘Manaus, ° AMAZONAS PARAIBA _ odod0 Pessoa PAUL : PERNAMBUCO ‘AUAGOAS SERGIPE BAHIA” Salvador S ‘Arequipa erga ° Santa Cruz sucres de La Sierra RIODE SAO PAULO, oe BANELRO) DA Laie oe a S80 Paulo Rio de Janeiro STORES | GROWTH Antofe
Slide 6: 360 Degree Journey
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Slide 7: 360 Journey
TEMPORARY SETBACK AND TURNAROUND 3 6 0 JO U RNEY 1 LFL SLOWDOWN PROPOSITION / ASSORTMENT NEW STORE MATURITY CURVE 2 MARGIN CHALLENGES
Slide 8: 360 Journey: Merchandise LFL sales growth
MERCHANDISE LFL 202 6 v s 2025 vs 2024 All LFL Stores Base Stores New Stores Became LFL 2024 decline, followed by recovery and stabilization Sales growth (%) — FY24 to YTD 26 17,7% 16,6% 15,5% 2024 2025 2026 2026 14,5% 3 60 J O U R NE Y 11,7% 15,1% 10,7% 10,4% 10,1% 8,5% 6,1% 8,8% 8,3% 10,7% 7,9% 2,
Slide 9: 360 Journey: Merchandise LFL sales growth and total sales growth
MERCHANDISE LFL 202 6 v s 2025 vs 2024 All LFL Stores Base Stores New Stores Became LFL 2024 decline, followed by recovery and stabilization Sales growth (%) — FY24 to YTD 26 17,7% 16,6% 15,5% 2024 2025 2026 2026 14,5% 3 60 J O U R NE Y 11,7% 15,1% 10,7% 10,4% 10,1% 8,5% 6,1% 8,8% 8,3% 10,7% 7,9% 2,
Slide 10: 360 Journey: New Store Maturity
NEW STORE MATURITY LFL PERFORMANCE & MONTH 13 ACTIONS 3 60 J O U R NE Y 26% Program Stores (32) 17% 15% 16% 15% 15% 16% 15% 11% 7% 8% 5% 3% 4% 1% 2% 2% -3% -2% -8% Baseline Stores (42) -11% -30% M13 M14 M15 M16 M17 M18 M19 M20 M21 M22 M23 M24
Slide 11: 360 Journey: Margin, GP Contribution %
MARGIN GP CONTRIBUTION % 3 60 J O U R NE Y 47,6% 46,8% 46,6% 2026 45,4% 45,0% 46,5% 2025 45,7% 45,4% 45,0% 44,7% 44,1% 43,5% 43,6% 43,1% 43,1% 42,4% 42,6% OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 25 FY 26 FC 44.2% 45,9%
Slide 12: 360 Journey: Store Performance, Store EBITDA %
STORE PERFORMANCE STORE EBITDA % 3 60 J O U R NE Y BASE STORES OPENED IN 2022 OPENED IN 2023 OPENED IN OPENED IN (#113) (#5) (#23) 2024 (#42) 2025 (#19) 18.7% 21.3% 24.1% 24.0% 22.6% 19.2% 20.9% 13.6% 18.9% 17.9%18.3% 18.1% 14.5% 17.3% 11.8% 15.8% 13.7% 15.1% 12.3% 13.1% 9.5% 9.7% 8.7% 5.4%
Slide 13: Growth Imperatives & Opportunity
CMD 26 3 GROWTH IMPERATIVES & OPPORTUNITY
Slide 14: Growth Imperatives
IMPERATIVES 1 HEALTHY CORE 2 INVESTABLE MODEL & MATURITY CURVE G RO WT H 3 LOCATION SELECTION & STRATEGY 4 TEAM CAPABILITY & CAPACITY 5 EFFICIENT SUPPLY CHAIN
Slide 15: Growth Imperatives: Supply Chain
IMPERATIVES SUPPLY CHAIN G RO WT H PA MA CE PI AC PE AL RO TO SE BA MT DF GO MS MG ES Campo Grande North East (PE / AL)
Slide 16: Growth Opportunity
OPPORTUNITY G RO WT H
Slide 17: Obrigado!
OBRIGADO! PAC 26