Pepkor Holdings Ltd. · JSE:PPH
Pepkor — Investor Day (2026)
18 slides from Pepkor's investor day presentation, 2026
Slide 1: One Fintech Platform
flash ES ONE FINTECH PLATFORM The platform powering the new connected digital economy
Slide 2: About us: Welcome to Capital Markets Day
About us WELCOME TO Capital Markets Day Flash enables seamless transactions through a network of merchants, devices and digital services. Driven by a vision for a more connected economy where no one is limited, we expand opportunities for entrepreneurs, businesses and cash customers by providing inn
Slide 3: The problem: South Africa's informal economy has been left behind
ia flash The problem SOUTH AFRICA’S RSOOBN ECONOMY HAS BEEN LEFT BEHIND The informal economy is not underserved because of lack of demand. It is underserved because the formal financial system was never built to reach it. Capital Markets Day How Flash solves it S T70K+ Flash Devices + Access to Digi
Slide 4: A connected fintech distribution ecosystem
A CONNECTED FINTECH DISTRIBUTION ECOSYSTEM i h @ Multi-product distribution Direct Sales Transfers Agents Pl we SA Consumers we Single customer, multiple services, unified value. we FMCG Banking Products Retailers Digital @ flash Platform Wholesalers Flash Platform Capital Markets Day 04
Slide 5: Scale & Position: the platform that took years to build
@ flash Scale & Position THE PLATFORM THAT TOOK 20 YEARS TO BUILD T70K+ Active Merchant Devices 80K+ Acquiring Devices Capital Markets Day 25M+ Customer Reach R21B+ Tapped Value FY25 5.5M+ Daily Transactions 3.3M Active Flash SIM Users 05
Slide 6: The Strategy: multi-product channel distribution
a flash = Multi-product channel distribution The Strategy Consumer Payments, Digital Products ‘and Cellular services SA CONSUMERS Single customer, multiple services, unified value in the fintech ecosystem. Business API Distribution Merchant Solutions Apps. Websites, Retail Hardware & Software Single
Slide 7: Revenue streams
REVENUE STREAMS Category > Cellular & SIM $ Merchant Acquiring International Capital Markets Day Airtime, Data, Electricity, 3rd Party Vouchers and Bill Payments Woucher, branded vouchers and cash-out vouchers Sim card distribution for all MNO's Card acquiring across informal market. Including dual
Slide 8: Financial performance overview
FINANCIAL PERFORMANCE OVERVIEW FY21 @ Business Capital Markets Day Contribution* per division FY22 @ Protform FY23 @ consumer * GP Contribution FY24 @ International FY25 7 Throughput Flash Group Business Platform International Cellular Consumer Management Turnover CAGR FY23-25 26.6% 14.7% 59.4% 41.0
Slide 9: Business: SA's largest merchant network
La flashes. siness ® SA's Largest merchant network Enabling small and mid-size retailers to accept payments, sell digital products, manage and grow their flash business from a single platform. \ * Ms Y Products & Services Business Tools Basket growth Management Portal Dual Dependency B2B Services /
Slide 10: Opportunity to expand across value chain
OPPORTUNITY TO EXPAND ACROSS VALUE CHAIN B2B market Enabled B2B2C market Cash Merchant Corp. SME SME lending Inventory Airtime Electricity Gaming Other VAS Remittances SIM cards handling acquiring payments & WC adv. ordering FinTechs Core offering Limited Not offering
Slide 11: Enterprise: integrated payments and distribution platform
®% flash ENTERPRISE An integrated payments and distribution platform that connects people, businesses and services. Capital Markets Day +} An integrated payments & distribution platform se Flash API Digital C flash Platform Platform Solutions Multi-product Range Voucher Solutions Management Portal L
Slide 12: Platform partnerships
PLATFORM PARTNERSHIPS @ flashPictioom Digital Retail Gaming Wholesale Rewards @r« «(PEP Piourwogn @flosh Velity g Discovery ACKERMANS betway / sHOP2SHOP et © Standard Bank SE0PRITE Veonty © R&A go ww SWITCHON= BF z NEDBANK lottoxfestar dived, P PY tinelocal 3 Goa) _ MpEMS MDs" Sauer GOwme 10 teey fe
Slide 13: Consumer: digitising SA's cash customers
ia flashConsumer Digitising SA’s cash customers Voucher App ACCESS Se Digital Payments Providing cash customers with simple, easy ways to digitize S and spend their cash. Voucher Distribution 16 Digit Digital Retail & Digital Payment Voucher Sales & Redemption Network Capital Markets Day 12
Slide 14: Cellular: over 3.3 million active Flash SIM users
v flash flash.co.za/cellular Cum) Telkom Cell©) QO vodacom Over 3.3 million active Flash SIM users across all major SA networks Seamlessly connecting businesses and consumers by distributing prepaid SIM cards across all four major cellular networks. With over two decades of experience, Flash has sol
Slide 15: How we win
HOW WE WIN @ flash w p= Scale & Economics Execution & Product People & Culture + Largest informal merchant network in + Execution velocity « We Are Brave: SA: 170k+ devices . Bold, calculated risk-taking + Deep understanding of our + Wide product basket: customers « We Have Each Other's Backs: More
Slide 16: The inflection point
@ flash foshcoze THE INFLECTION POINT Flash sits at the intersection of three powerful trends: Growth of the Digitisation of Payments Platform-based Informal Economy and Financial Services Ecosystems Distribution at Scale Merchant Footprint Platform Infrastructure Expanded Product Offering Cash Digi
Slide 17: Value creation opportunities
Capital Markets Day VALUE CREATION OPPORTUNITIES ~ 4 os) Cash Handling / FMCG Safes Ordering Bulk Expand payment Printing network = Financial Services % Expand Merchant Acquiring 1%
Slide 18: Thank you
THANK Y@U Capital Markets Day