Slide 1: Earnings Presentation H1-26
RIYADH CABLES GROUP Earnings Presentation H1-26 Borjan Sehovac Baha Essa Mouaaz Alyounes Chief Executive Officer Chief Financial Officer Chief Strategy Officer
Slide 2: In Today’s Meeting
In Today’s Meeting 01 Welcome Remarks 02 Company Overview 03 H1-26 Performance Highlights 04 Financial Review 05 Reflection on Current Situation 06 2026 Outlook
Slide 3: Company Overview
Company Overview
Slide 4: Cables are the backbone of the economy, touching every segment
Cables are the backbone of the economy, touching every segment Generation Transmission Distribution End Users Legend Power Data Solar Fossil Onshore Internet ISPs Wind exchange Residencial Datacenters Offshore Wind Industrial Power Transmission Distribution Usages Generation Commercial Nuclear Infra
Slide 5: H1-26 Performance Highlights
H1-26 Performance Highlights
Slide 6: H1-26 Financial and Operational Performance Snapshot
H1-26 Financial and Operational Performance Snapshot Percentage changes refer to YoY change SARm 5,698 Kt 138 % 95% Revenue Sales Volume Utilization Rate +15% +8% +11% + 9.5% + 3.7% 138 6.390 6.308 181 133 +4% -1,3% 112 4.778 134 SAR 6,308 SARm 721 SARm 590 115 -26% Gross Profit Per Ton EBITDA Net P
Slide 7: H1-26 Key Performance Drivers
H1-26 Key Performance Drivers Percentage changes refer to YoY change S a l e s Vol ume S a le s vo lu m e in cre a se d b y 4 %, d e m o n st ra t in g re silie n t d e m a n d a cro ss o u r ke y m a rke t s d e sp it e co n t in u e d ge o p o lit ica l u n ce rt a in t y Re ve nue Re ve n u e gre
Slide 8: Financial Review
Financial Review
Slide 9: H1-26 Financial and Operational Performance
H1-26 Financial and Operational Performance +6% Volumes & Revenues +9% 500 2,930 5,204 5,698 • Q2-26 and H1-26 delivered record revenues, supported by 2,768 continued volume growth and resilient demand across most 138 markets. 68 70 133 500 +3% Revenue (SARm) +4% • Demand remained strong across most
Slide 10: Backlog, Revenue, and Capacity utilization
Backlog, Revenue, and Capacity utilization +9% +1% SAR 5.8 billion Strong backlog in H1-26, 5,698 5,711 5,779 utilization rate to 95% Confirmed Orders 5,204 Backlog Average Capacity Utilization (%) 100% • Backlog on the 5.8 bn SAR ( 134 kt ). • Capacity reserved mostly for 2021 67% 33% Transmission/
Slide 11: Gross profit and EBITDA show healthy improvement on better mix and cost optimization
Gross profit and EBITDA show healthy improvement on better mix and successful variable / fixed cost optimization Gross Profit (SARm) Gross Profit 431 439 870 870 • Q2-26 gross profit increased by 2% over Q1-26 to SAR 439 million, +2% -0,1% driven by higher sales volumes despite the ongoing regional
Slide 12: Resilient Profitability and Dividend Growth Despite Temporary FCF Pressure
Resilient Profitability and Dividend Growth Despite Temporary FCF Pressure Free Cash Flow 51 2 • Free Cash Flow recovered from a negative SAR 19 million in 64 336 -7 -17 -27 Q1-26 to a positive SAR 77 million in H1-26. -49 -64 • The improvement was driven by strong operating profitability, 632 -110
Slide 13: Hedging and pricing mechanisms neutralize commodity price fluctuations
Hedging and pricing mechanisms neutralize commodity price fluctuations, granting stability to gross profit per ton 6,390 6,308 Gross Profit per ton (SAR/ton) 4,778 3,441 4,041 5,490 5,141 Main drivers: 3,810 2,373 3,759 • Operational Efficiencies due to high Utilization 7,140 7,432 4,156 4,303 5,541
Slide 14: Reflection On Current Regional Situation
Reflection On Current Regional Situation
Slide 15: Navigating Regional Tensions: Demand Resilient, Risk Actively Managed
Navigating Regional Tensions: Demand Resilient, Risk Actively Managed Regional Risk Environment Healthy Overall Market Demand Stable Order Intake Activity Current: Elevated Market, Clients & Company Performance Varies by Market Heavy Quotation Activity Severe Close Monitoring of Regional Development
Slide 16: 2026 Outlook
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Slide 17: 2026 Management Outlook
2026 Management Outlook, assuming no material deterioration in the current geopolitical and regional market environment Strong Backlog CONFIRMING 2026 GUIDANCE Expected CAPEX Net Profit Market Fundamentals SAR ~250 million Up to 10% increase DIVIDENDS Premium product portfolio Management remains foc
Slide 18: Q&A
Q&A 18
Slide 19: Thank you
Thank you
Slide 20: Appendix
Appendix
Slide 21: Summarized income statement (SARm)
Summarized income statement (SARm) H1-25 H1-26 Var. Var. % Revenue* 5.204 5.698 494 9,5% Direct costs* -4.334 -4.828 -494 11,4% Gross profit 870 870 0 -0,1% Operating expenses -254 -200 54 -21,1% Operating profit 617 670 53 8,6% Finance charges -35 -38 -3 9,4% Other income / expenses & Zakat -46 -42
Slide 22: Condensed balance sheet (SARm)
Condensed balance sheet (SARm) FY-25 H1-26 Fixed Assets 1,502 1,587 Investments 42 41 Other Long Term Assets 207 200 Current Assets 5,531 6,190 Total Assets 7,282 8,018 Borrowings 610 863 Long Term Liabilities 144 153 Current Liabilities (excl. borrowings) 3,218 3,459 Total Liabilities 3,973 4,475 E
Slide 23: Condensed cash flow statement (SARm)
Condensed cash flow statement (SARm) H1-25 H1-26 Var. Var. % Operating cash flow before working capital 884 777 -108 -12.2% Net working capital movement -691 -500 191 -27.6% Cash generated from operating activities 194 276 83 42.8% Finance charges, Zakat & income tax, EOSB -51 -62 -10 19.8% Net cash
Slide 24: Riyadh Cables Group
Riyadh Cables Group 24