Slide 1: Results Presentation
Results Presentation For the six months ended 30 June 2026 AECI Financial Results /0
Slide 2: Cautionary statement
Cautionary statement This presentation has been prepared and issued by and is the sole responsibility of the management of AECI Limited (the Company) and its subsidiaries (the Group). This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation
Slide 3: Table of contents
Table of contents 1 Results Results Highlights Highlights 4 Prospects Looking ahead Alan Dickson Alan Dickson 2 Financial Financial Results Results 5 CEO focus areas Q&A Ian Kramer 3 Business Business Review Review 6 Appendices • AECI Mining – Alan Dickson • AECI Chemicals – Alan Dickson AECI Financ
Slide 4: Results Highlights
Results Highlights Alan Dickson Group Chief Executive Officer AECI Financial Results /3
Slide 5: Results highlights: Strategic pillars deliver growth
Results highlights Strategic pillars deliver growth Leveraged strengths and enhanced quality Business resilience Shareholder value of earnings Core businesses deliver increased profitability Strengthened business resilience amid and improved quality of earnings a volatile external operating environm
Slide 6: Financial Results
Financial Results Ian Kramer Group Chief Financial Officer AECI Financial Results /5
Slide 7: Group financial performance
Group financial performance AECI Mining and Chemicals Portfolio drive improved profitability and quality of earnings Group revenue lower due to business disposals Revenue reconciliation (R’m) • AECI Mining and Chemicals Portfolio1 revenue increased – driven by 563 higher volumes 15 689 Operating pro
Slide 8: Group financial performance (continued): Strong operational performance underpins EPS growth
Group financial performance (continued) Strong operational performance underpins EPS growth EBITDA reconciliation (R’m) Improved EBITDA driven by strong performances in AECI Mining Segment and Chemicals Portfolio 1 82 1 606 1 578 Schirm Germany performance partially offset Group progress (51) (3) 13
Slide 9: Group financial performance (continued): Prioritising business resilience
Group financial performance (continued) Prioritising business resilience Movement in working capital (R’m) Strategic investments into working capital in support of business continuity as well as higher input costs Capital investment focused on operational resilience and growth initiatives • Maintena
Slide 10: Group financial performance (continued): Investing for growth while maintaining capital discipline
Group financial performance (continued) Investing for growth while maintaining capital discipline Net debt reconciliation (R’m) Net debt decreased due to proceeds received from divestments, partially offset by strategic investment in working capital investment Reduction in gearing, reflecting lower
Slide 11: Business Review
Business Review Alan Dickson Group Chief Executive Officer AECI Financial Results / 10
Slide 12: AECI Mining
AECI Mining Volume growth and strong execution drive improved operational performance H1 2026 H1 2025 Change Revenue growth supported by volumes • Boosters: 17% Revenue R9 295m R8 732m 6% • Bulk explosives: 14% • Electronic detonators: 12% Profit from • Emulsifiers: 8% operations R1 123m R1 043m 8%
Slide 13: AECI Mining | looking ahead
AECI Mining | looking ahead Contract ramp-up and effective contract execution to support growth Safe ramp-up of newly secured contracts progressing across Africa and Asia Pacific Margin improvement expected as cost recovery mechanisms normalise in H2 2026 Focus on cost and margin optimisation initia
Slide 14: AECI Chemicals
AECI Chemicals Chemicals Core delivered strong performance, offset by Schirm challenges H1 2026 H1 2025 Change Chemicals Core1 strong performance Revenue R5 630m R6 839m (18%) • Higher volumes and sales prices in Industrial and Specialty Chemicals • Chemicals Core 1 R4 663m R4 597m 1% • Slowed perfo
Slide 15: AECI Chemicals | looking ahead
AECI Chemicals | looking ahead Industrial Chemicals to continue driving H2 2026 earnings growth Chemicals Core 1 • Continued value from commodity products in the Industrial Chemicals business • Increasing demand in export market for Water products • Planting season to bolster Plant Health performanc
Slide 16: Recap and Prospects
Recap and Prospects AECI Financial Results / 15
Slide 17: Recap: Strong result by AECI Mining and Chemicals Core
Recap Strong result by AECI Mining and Chemicals Core Actual Actual Category KPI H1 2025 H1 2026 Progress Commentary • AECI Mining strong performance Operational EBITDA (Rm) 1 578 1 606 • Solid operational performance in Chemicals Core1 Driven by: EBITDA margin (%) 10% 11% • Operational efficiencies
Slide 18: Prospects
Prospects Focused execution to drive steady, predictable growth in profitability and quality of earnings Growth within our core businesses • AECI Mining growth supported by improving volumes and disciplined execution • Chemicals Core1 growth driven by planting season, strong commodity demand and rec
Slide 19: Q&A
Q&A AECI Financial Results / 18
Slide 20: Strategic pillars: We Are One AECI, for a better world
Strategic pillars We Are One AECI, for a better world Good Chemistry Leveraging strengths Prioritise business resilience Enhancing quality of earnings • Capitalise on the Group’s proven • Invest in asset reliability • Disciplined capital allocation leading capabilities • Strengthen supply chain resi
Slide 21: Appendices
Appendices AECI Financial Results / 20
Slide 22: Appendix A: About AECI
Appendix A: About AECI A mining services and chemicals leader operating in over 20 countries, with manufacturing sites on six continents AECI Financial Results for the six months ended 30 June 2026 / 21
Slide 23: Appendix B: AECI segments
Appendix B: AECI segments AECI Financial Results for the six months ended 30 June 2026 / 22
Slide 24: Thank you
Thank you AECI Financial Results / 23