Spc Global Holdings Ltd · ASX:SPG
Spc Global — Investor Presentation (February 2026)
36 slides from Spc Global's investor presentation, Feb 26, 2026
Slide 1: H1 FY26 Financial Results
H1 FY26 Financial Results 26 February 2026 1
Slide 2: Disclaimer
DISCLAIMER The following disclaimer applies to this Presentation. You are therefore advised to read this disclaimer carefully before reading or making any other use of this Presentation or any information contained in this Presentation. This Presentation has been prepared by SPC Global Holdings Ltd
Slide 3: Disclaimer
DISCLAIMER You should be aware that such statements are only opinions and Certain market and industry data used in connection with this are subject to inherent risks and uncertainties. Those risks and Presentation may have been obtained from research, surveys or uncertainties include factors and ris
Slide 4: Introductions
Introductions Robert Iervasi Brant Clutterbuck Group Managing Director Group Chief Financial Officer 4
Slide 5: Agenda
FY 26 Outlook & 01 H1 FY26 at a Glance 04 Guidance Agenda 02 H1 FY26 Domestic and International Progress 05 Questions 03 H2 FY26 and Beyond 5
Slide 6: H1 FY26 at a Glance
H1 FY26 at a Glance 6
Slide 7: H1 FY26 at a Glance
H1 FY26 at a Glance NET SALES DEBT INVENTORY SYNERGY EBITDA REVENUE (NSR) FINANCING MANAGEMENT REALISATION Debt $146.9M >$16M $171.5M $13.0M Net Debt $138.6M $108.9M Synergy benefits Full year net leverage Achieved market implemented with Net Sales Revenue EBITDA* ratio <4 times guidance of $110M be
Slide 8: Divisional performance
Divisional performance Shift towards higher margin and sales contribution with diversified Net Sales Revenue and EBITDA Net Sales Revenue EBITDA* 9.3% 19.2% 17.0% 50.8% 73.7% 30.0% SPC Group Nature One Original Beverage Co. *Normalised for non-recurring restructuring and integration costs. 8
Slide 9: Domestic division
Domestic division Shift to demand-led model driving profit and margin improvements +5.5% Net Sales Revenue YoY. Growth driven by strong performance On-The-Go in Beverages and Tomato products, Domestic business - H1 FY26 vs H1 FY25 Branded supporting overall channel momentum. H1 FY26 H1 FY25 CHANGE F
Slide 10: International division
International division Improved margins notwithstanding phasing of major sales events H1 FY26 Sales Contribution of $8.0M (-29.2% YoY) reflecting lower Net Sales Revenue due to: International business - H1 FY26 vs H1 FY25 Timing of major sales events in Hong Kong (two in H1 FY25 versus one in H1 FY2
Slide 11: H1 FY26 Normalisation
H1 FY26 Normalisation In line with expectations, adjustments relate to integration and redundancy costs representing a material reduction compared to prior period Integration costs comprise of continued resource and one-off costs directly associated with integration activities. SUBJECT $M Redundancy
Slide 12: Balance sheet
Balance sheet Balance Sheet • Total assets decreased by $21.2M $M Dec’25 Jun’25* Change ($) driven by the execution of inventory Cash 8.3 7.1 1.2 reduction initiatives. Inventory 108.9 136.4 (27.5) • Inventory decreased by $27.5M to Current assets (excl. cash & inventory) 75.8 67.9 7.9 $108.9M, achi
Slide 13: Inventory reduction meets December target
Inventory reduction meets December target H1 FY26 target achieved with <$130M target by end of FY26 (5% YoY) Dec’25 Jun’25* CHANGE Inventory reduced by $27.5M to SPC Group $M 96.4 125.1 (28.7) $108.9M YoY achieving the H1 FY26 guidance of $110M. Original Beverage Co. $M 7.7 6.4 1.3 Nature One $M 4.8
Slide 14: Cash flow
Cash flow Refinance of senior lender delivering positive interest savings Cash Flow $M SPG TOTAL • H1 FY26 net cash inflow was $1.2M largely supported by Opening cash (Jun’25) 7.1 refinance of senior facilities Net cash from operating activities (4.7) which increased gross Net cash from investing ac
Slide 15: H1 FY26 Domestic and International Progress
H1 FY26 Domestic and International Progress 15
Slide 16: Domestic division
Domestic division Profit growth delivered through portfolio optimisation, channel mix and productivity improvements H1 FY26 Domestic NSR & Normalised EBITDA Optimising for profit Branded & Private Label Business Shift ($M) ($M) 170 167 20 1 H1 FY26 77% 23% H1 FY25 72% 28% 30% 40% 50% 60% 70% 80% 90%
Slide 17: Domestic division
Domestic division Evidence the optimisation strategy and channel mix is translating into positive momentum On-The-Go channel momentum On-The-G0 Outperforming other domestic channels with On-The-Go growth at 5%. CHANNEL Beverage momentum 1,500+ incremental distribution points secured across Beverages
Slide 18: Domestic division
Domestic division Sustainable productivity improvements reducing COGS, distribution costs and improving working capital Strong Supply Chain performance due to productivity improvements including: COGs Productivity Improvements YTD reductions per KG driven by fruit pricing; waste and giveaway reducti
Slide 19: International division
International division Focus on strong margin improvements with timing of sales activity driving unfavourable revenue movement from prior year H1 FY26 International Performance ($M) (%) Sales contribution decreased by 29.2% as compared with H1 FY25 mainly attributable to: 12 11.3 60 50.3% Non-renewa
Slide 20: International division
International division Building on the momentum from FY25, Nature One has secured increased ranging and new channels driving top line growth Nature One products to be distributed across Shanghai Pharma (SP) pharmacy and hospital network. Initial ranging of new products is expected to occur in Q1 FY2
Slide 21: H2 FY26 and Beyond
H2 FY26 and Beyond 21
Slide 22: Mid-Term Plan 2026-2030
Mid-Term Plan 2026-2030 MISSION Reimagine nourishment and wellness for consumers globally VISION Globally respected with admired brands, delivering exceptional performance and creating value for all STRATEGIC PILLARS BRANDS & PRODUCTS SUPPLY CHAIN & CHANNELS & CUSTOMERS RESPONSIBILITY OUR PEOPLE Gro
Slide 23: Continuing to build on foundations to drive exceptional growth in FY26 and beyond
Continuing to build on foundations to drive exceptional growth in FY26 and beyond Leadership delivering the foundations for growth to deliver in FY26 and beyond. EXCITING GROWTH SOLID FOUNDATIONS FINANCIAL STEWARDSHIP OPPORTUNITIES SPC Global is positioned to leverage Our Mid-Term Plan delivers exci
Slide 24: Ambitious growth agenda in Domestic division
Ambitious growth agenda in Domestic division Transition from optimisation to platform-led acceleration Portfolio Quality Portfolio actions expected to support 100–200bps of incremental Continued portfolio simplification gross margin potential over time with an ambition to deliver >$6M and mix improv
Slide 25: Three priority initiatives: Beverages platform scaling
Three priority initiatives Domestic division will transition to platform-led acceleration through three priority initiatives 1 Beverages platform scaling Proven platform with momentum. Unlocking deeper penetration and velocity within existing retail and OTG, supported by increased distribution densi
Slide 26: Three priority initiatives: OTG Expansion
Three priority initiatives Domestic division will transition to platform-led acceleration through three priority initiatives 2 OTG Expansion OTG channel structurally growing and under-penetrated. OTG expansion driven by new customer NEW BAG IN BOX acquisition and higher-value formats, delivering str
Slide 27: Three priority initiatives: Brand and Mix Value Optimisation
Three priority initiatives Domestic division will transition to platform led acceleration through three priority initiatives 3 Brand and Mix Value Optimisation Clear brand roles between SPC, Goulburn Valley and Provital. Brand platforms with targeted investment to drive premium and functional benefi
Slide 28: International division dairy focus
International division dairy focus Continuing strong growth in the dairy category Strategic shift to focus on high-margin value-add specialised proteins, nutrition solutions and premium dairy segments that command premium pricing and higher growth potential over low-margin generic dairy. Nature One
Slide 29: International beverage expansion
International beverage expansion New manufacturing capabilities unlock opportunity Korea / Japan Singapore China March launch of Original Juice Lab Wellness shots to China provides an Beverage Co. 1.5L Orange Juice launch in April 2026 via NTUC opportunity to grow the in Korea via Emart Traders. Fai
Slide 30: International food expansion
International food expansion SPC core branded product distribution to expand Continued incremental sales growth and additional expansion opportunities across multiple markets. Actively developing new markets to expand the SPC core range, with SPC Tomato recently ranged in China, new sales in Qatar,
Slide 31: FY26/FY27 Synergy Delivery
FY26/FY27 Synergy Delivery High Financial Contribution >$2.0M EBITDA Annualised Outlook FY26 in FY27 and Beyond Selling, General & Admin >$4.0M >$2.0M Procurement Initiatives >$5.5M >$3.5M Supply Chain Productivity >$2.5M >$1.5M Selling, General & Admin (non labour) >$2.0M >$1.0M Commercial Growth C
Slide 32: Unlocking the Power of Shepparton
UNLOCKING THE POWER OF SHEPPARTON A SIGNIFICANT PAY BACK OF < 12 MONTHS Closure of Mill Park facility Expected to generate greater by end of August 2026. than $8M in annualised EBITDA benefits with full run rate in FY27. Juice Shots Capital expenditure of Mill Park closure will manufacturing line $
Slide 33: Ongoing focus on balance sheet management initiatives
Ongoing focus on balance sheet management initiatives Current Management Initiatives Improved cash conversion cycle, supported by renegotiated terms with customers and suppliers. Focussed inventory management. Margin improvements in retained product portfolio. Synergy realisation. The Company contin
Slide 34: Outlook
Outlook 34 34
Slide 35: Update on Market Guidance for FY26
Update on Market Guidance for FY26 In line with previous guidance, the company remains on track to deliver 25% increase in normalised EBITDA in FY26 YoY1 EBITDA GROWTH SYNERGIES DEBT LEVERAGE 25% Increase > $6M < 4x YoY FY26 increase based on pro forma In addition to run rate synergies of With conti
Slide 36: Mission
MISSION Reimagine nourishment and wellness for consumers globally 3636
SPC Global Holdings — Investor Presentation (February 2026) on 6ix