Slide 1: Results Presentation H1 2026
Buy - Improve - Build Results Presentation H1 2026 @AMCOMRI
Slide 2: Disclaimer
Disclaimer The following presentation, including a hard copy of these slides, the The Presentation is provided for general information only and does not purport The Presentation does not constitute or form part of an offer or talks given by the presenters, the information communicated during any to
Slide 3: Introduction
Buy - Improve - Build Introduction @AMCOMRI
Slide 4: Senior Leadership Team
Senior Leadership Team Hugh Whitcomb Mark O’Neill Siobhán Tyrrell Co-Founder & CEO COO CFO Steve Jones Mark Mullen Group Industrial Group Industrial Katy Birkin Director - Embedded Director - B2B Director of Corporate Engineering Manufacturing Development 4 @AMCOMRI
Slide 5: H1 2026 Highlights
H1 2026 Highlights Double-digit revenue growth and a solid improvement in adjusted EBITDA relative to the comparable H1 2025 period. Significant reduction in net debt following sale of Premier Limpet • Positive financial performance - successful integration of recent acquisitions and continued progr
Slide 6: Amcomri Model
Buy - Improve - Build Amcomri Model @AMCOMRI
Slide 7: Amcomri Expertise
Amcomri Expertise By leveraging the skills & extensive sector knowledge of its highly experienced leadership & management teams, Amcomri aims to deliver strong & sustainable financial returns through its proven ‘Buy-Improve-Build’ model within the SME Industrial & Engineering Markets. Amcomri Core E
Slide 8: The Business Model - 'Buy-Improve-Build'
The Business Model - ‘Buy-Improve-Build’ Acquiring the right businesses and utilising relevant expertise enables AMCOMRI TARGET MARKET sustainable growth through targeted improvements and synergy opportunities BUILD PROV IM Ageing Fragmented BUY ownership population niche market E Limited • Break SM
Slide 9: Post Acquisition - Foundations for Growth
Post Acquisition - Foundations for Growth Strategic Sector Growth Sector Strategic KPIs Development & Extension Significant Acquisition Drive Profitable Growth on Optimised Base Projects “Bolt-Ons” Improvement KPIs Existing business To add in step change major projects or service product to add in e
Slide 10: Divisional Operating Companies and End Markets
Buy - Improve - Build Divisional Operating Companies and End Markets @AMCOMRI
Slide 11: Transactional History and Timeline
Transactional History and Timeline The Group has been created through a series of 20 successful acquisitions (including 4 bolt-ons) and one disposal creating significant shareholder value. 2016-2019 2020 2021 2022 2023 2024 2025 2026 Foundation of Amcomri established, proof of proposition completed
Slide 12: Group Operating Divisions
Group Operating Divisions Embedded Engineering Companies B2B Manufacturing Companies Rail & Industrial Process & Power Electrical Infrastructure 12 @AMCOMRI
Slide 13: Key Group End Markets
Key Group End Markets Commercially diversified with a well distributed risk profile in generally stable end markets End customers have largely defensive characteristics: • Long term, often embedded, service or supply positions • Providing operationally critical services in challenging environments •
Slide 14: H1 2026 Financials
Buy - Improve - Build H1 2026 Financials @AMCOMRI
Slide 15: H1 Financial Highlights
H1 26 Financial Highlights H1 26 delivered double-digit revenue growth and a solid improvement in adjusted EBITDA, reflecting the resilience of demand across our core end markets Summary Financials* Commentary £m H1 2025 • Revenue growth was strong across both divisions in H1 2026, with total revenu
Slide 16: H1 Financial Position
H1 26 Financial Position Significant reduction in net debt and increase in cash following sale of Premier Limpet Summary Financials Commentary £m • £8.4m reduction in net debt from year end driven by the disposal of Premier DEC 2025 JUN 2026 Limpet (slide 22) and sellers’ contribution for the acquis
Slide 17: H1 Cash Flow
H1 26 Cash Flow Strong cash generation provides a solid foundation to invest in the development of our subsidiaries and support future acquisition opportunities £m H1 2026 Commentary Adjusted EBITDA 4.7 • The Group ended the first half with £13.8m of cash, an increase of Exceptionals (0.4) £5.2m on
Slide 18: Organic Growth – Revenue - FY20 - H126
Organic Growth – Revenue - FY20 - H126 Group’s significant revenue growth of >£75m over past 5.5 years has been achieved through a combination of progressive organic growth and acquisitions. £11.4m (15%) of this revenue growth has come from organic growth. 90.0 Commentary 80.0 • Of the c.£75m of rev
Slide 19: Organic Growth – Adjusted EBITDA - FY20 - H126
Organic Growth – Adjusted EBITDA - FY20 - H126 Organic earnings (adjusted EBTIDA) growth has materially contributed to overall Group development since 2020. 14.0 Commentary • Whilst acquisitions have been the principal driver of earnings 12.0 1.1 growth, organic growth contributed >14% of total Trad
Slide 20: Case Study and 2026 Transactions
Buy - Improve - Build Case Study and 2026 Transactions @AMCOMRI
Slide 21: Case Study - IVS
Case Study - IVS Financial Snapshot (£m) Acquired in 2017 during proof of concept stage Business Description • Family business established in 1981 • Specialist industrial valve overhaul and reconditioning Acquisition Rationale • Our sector experience and expertise identified the IVS opportunity • Ba
Slide 22: Sale of Premier Limpet to Dalpo – June 2026
Sale of Premier Limpet to Dalpo – June 2026 Demonstrating full value creation cycle of ‘Buy-Improve-Build’ model and reflecting a significant return for shareholders since 2021 acquisition • UK’s largest independent manufacturer of printed and plain adhesive tape for B2B market • Identified as oppor
Slide 23: North West Transport Supplies Limited – July 2026
North West Transport Supplies Limited – July 2026 • Expands service offering with specialist rail electro - mechanical service provision. • Recurring revenue, profitable and positive cash flow. • Quality, long-standing customer base e.g. OEM’s and rolling stock owner/operators. • Cash consideration
Slide 24: GridCore Electrical Services Limited – June 2026
GridCore Electrical Services Limited – June 2026 • New subsidiary of Amcomri, GridCore Electrical Services Limited, acquired the business and assets of the National Compliance and Testing division of Enerveo Limited, a subsidiary of SSE plc. • Established, UK wide specialist electrical test and comp
Slide 25: Growth Opportunities and Scalability
Growth Opportunities and Scalability Acquisition Growth Organic & Synergistic Earnings • Target to deliver 3-4 acquisitions per annum in complementary Context sectors. • Amcomri entry point – stable, mature, industrial businesses • Acquisition opportunities generated from variety of sources includin
Slide 26: Summary & Outlook
Summary & Outlook Summary Outlook • Trading in line with market expectations: supported by recent acquisitions and diversified end markets. • Good visibility: continuing demand and forward order coverage in electronics, aerospace, subsea, energy and defence sectors. • Commercial and operational impr
Slide 27: Appendix
Buy - Improve - Build Appendix @AMCOMRI
Slide 28: Key Statistics
Key Statistics Ticker: AIM: AMCO Significant Shareholders Shares in issue (m) 71.8 % of issued Number of Ordinary Market Capitalisation* (£m) 87 Shareholder Ordinary Shares Shares 12m Hi/Low (GBX) 165.0/91.0 Paul McGowan** 23,454,220 32.58 Free float 47% HFO Inc. 8,152,590 11.3 Rathbones Investment
Slide 29: Divisional Review
Divisional Review H1 2025 H1 2026 £’m unless stated EE B2B Other Total EE B2B Other Total Revenue 14.5 17.3 - 31.8 24.4 18.0 - 42.4 Gross Profit 6.7 5.5 - 12.2 7.7 6.2 - 13.8 Gross profit % 45.9% 32.1% - 38.4% 31.5% 34.2% - 32.7% Adjusted EBITDA 3.4 2.5 (1.6) 4.3 3.3 3.1 (1.8) 4.7 Adjusted EBITDA %
Slide 30: Amcomri Group vs FTSE AIM All-Share
SHARE PRICE PERFORMANCE Amcomri Group vs FTSE AIM All-Share Amcomri Group FTSE AIM All-Share Rebased to 100 at 20 December 2024 Amcomri since IPO 300 300 +103% 250 250 FTSE AIM All-Share, same period 200 +11% 200 150 150 100 100 Relative Outperformance 50 92 pts Figures present the share price perfo