Slide 1: Q4FY26 Earnings
Q4FY26 Earnings June 2026
Slide 2: Important Disclaimers
Important Disclaimers The contents of this presentation are not to be construed as legal, regulatory, business, accounting or tax advice. You should consult your own attorney, business advisor, accountant and tax advisor as to legal, regulatory, business, accounting and tax advice. This presentation
Slide 3: Important Disclaimers (Cont’d.)
Important Disclaimers (Cont’d.) No Offer or Solicitation This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicit
Slide 4: Business Update
BUSINESS UPDATE June 2026
Slide 5: FY26 Business Highlights
FY26 BUSINESS HIGHLIGHTS THE THREE KEY PRIORITIES WE EXECUTED ON Durable Revenue Compounding Driving Toward Growth AEBITDA Growth Free Cash Flow
Slide 6: Durable Revenue Growth
DURABLE REVENUE GROWTH Strong Services & Total Revenue Momentum Exiting Q4, Heading into FY27 FY26 TOTAL REVENUE FY26 Q4 YoY TOTAL REVENUE $444M 11% Total Revenue in FY26, YoY organic increase in at top end of guidance total revenue to $114.5M FY26 SERVICES REVENUE MIX FY26 Q4 YoY SERVICES REVENUE 8
Slide 7: FY26 Revenue Growth Highlights
FY26 REVENUE GROWTH HIGHLIGHTS Strong Customer Demand for Differentiated Unity Solutions On-site and Over-the-Road ON-SITE MOMENTUM AI VIDEO ACCELERATION ARR Retention Unity On-Site Top 3 Global Food & Beverage & Unity AI Video Largest Win in Enhanced Retention Growth Manufacturer Brand Wins Booking
Slide 8: Compounding AEBITDA Growth
COMPOUNDING AEBITDA GROWTH Operating Leverage & Efficiency Measures Driving Compounding AEBITDA Growth FY26 AEBITDA FY26 Q4 YoY AEBITDA 44% 42% Increase in AEBITDA to $97M Increase in AEBITDA to $26.4M FY26 AEBITDA MARGIN FY26 Q4 YoY AEBITDA MARGIN 21.9% 23.1% Expanding 330 basis points vs. FY25 A 5
Slide 9: Driving Toward Free Cash Flow
DRIVING TOWARD FREE CASH FLOW Strong Swing in FY26, Driven in H2 Free Cash Flow Operating Income Net Leverage Generated $4.1M of cash in H2 Of $11M, increased by Reduced to 2.47x from 3.39x in FY25 from a $13.7M use of cash in H1 $18M from FY25 - almost a full turn of deleveraging
Slide 10: Looking Ahead to FY27
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Slide 11: Powerfleet: What We Have Built for FY27 and Beyond
POWERFLEET: WHAT WE HAVE BUILT FOR FY27 AND BEYOND PROPRIETARY CATEGORY LEADERSHIP HIGH IMPACT UNITY CAPITALIZES ON A COMPOUNDING AEBITDA OPERATIONAL OPPORTUNITY CHANNELS TO MARKET CONSOLIDATION TAILWIND GROWTH OPPORTUNITY DATA MOAT Multiple High-Impact Channels Proprietary Operational Data Unity Ca
Slide 12: FY27 Business Priorities
FY27 BUSINESS PRIORITIES THE THREE KEY PRIORITIES WE WILL EXECUTE ON Amplified Continued Compounding Enhancement to the Revenue Growth of AEBITDA Growth Balance Sheet Double Down on On-Site & AI Video Differentiators Double Down on AI Driven Efficiencies Double Down on Improving Working Capital • Ac
Slide 13: FY27 Top Tier Growth Multipliers
FY27 TOP TIER GROWTH MULTIPLIERS SOUTH AFRICA TREASURY NEW ACCENTURE MULTI PRODUCT DEAL EXECUTION PARTNERSHIP EXPANSION ENGINE 60,000 ASSETS OF THIS STRATEGIC SAFETY SOLUTIONS EXAMPLE: LARGEST COCA COLA $100-120M TCV DEAL PARTNER, RECOMMENDING FRANCHISE BOTTLER, ARE NOW MOVING POWERFLEET’S END-TO-EN
Slide 14: Continue Progress on Optimization & Efficiency
CONTINUE PROGRESS ON OPTIMIZATION & EFFICIENCY Targeting $12M in Annualized FY27 Efficiency Gains, Supporting Sustained AEBITDA Expansion and Growth Double Down on Simplify the Rationalize AI-Driven Efficiencies Organization Product Lines • Expand AI, automation, and self-service capabilities • Stre
Slide 15: Q4 FY2026 Financial Results & FY’27 Guidance
Q4 FY2026 FINANCIAL RESULTS & FY’27 GUIDANCE
Slide 16: Service Revenue Growth Engine Is Clearly Established
SERVICE REVENUE GROWTH ENGINE IS CLEARLY ESTABLISHED Total Revenue ($M) Adjusted EBITDA ($M) $114.5M $26.4M +42% +11% $18.7M $103.6M Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Services Revenue ($M) Services Revenue % of Total $92.9M 81% +14% $81.8M 79% Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26
Slide 17: Gross Margin Expansion Drives Positive GAAP Operating Income
GROSS MARGIN EXPANSION DRIVES POSITIVE GAAP OPERATING INCOME Gross Profit ($M) Operating Income/(Loss) ($M) $64.7M $11.0M +18% +$18M $54.8M ($7.0M) Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 GAAP Basic EPS ($) Adjusted EPS — Basic ($) ($0.02) $0.04 ($0.09) $0.02 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26
Slide 18: AEBITDA Expense to Revenue Ratios
AEBITDA EXPENSE TO REVENUE RATIOS Presented E:Rs exclude depreciation, amortization, stock-based compensation and one time transaction, restructuring and integration costs AEBITDA Gross Margin AEBITDA Opex E:Rs 77% 75% 28% 67% 67% 21% 17% 17% 29% 29% 9% 7% Total Service Product G&A S&M R&D Gross* Q4
Slide 19: Deleveraging
DELEVERAGING Continued trajectory to full turn improvement 2.47x net debt / adj. EBITDA $40.8M cash on hand H2 FCF +$4.1M Down from 3.39x — roughly a full turn $239.2M net debt; $280.0M total debt Swung positive from −$13.7M in H1 Net Debt to AEBITDA Ratio 3.39 3.18 2.89 2.71 2.47 YE FY'25 Q1 FY'26
Slide 20: Levered Free Cash Flow
LEVERED FREE CASH FLOW Annual & intra-year levered free cash flow progression Annual Free Cash Flow ($M) FY'26 Intra-Year Free Cash Flow ($M) FY'25 FY'26 1H FY'26 2H FY'26 $4.1M ($9.5M) ($13.7M) ($37.1M) FY'25 FY'26 1H FY'26 2H FY'26 Free Cash Flow = Operating Cash Flow less capital expenditures
Slide 21: Fiscal 2027 Guidance
FISCAL 2027 GUIDANCE $485 - 490M $122 - 125M $30 - $35M Revenue Adjusted EBITDA Free Cash Flow ~10% YoY growth at midpoint ~27% YoY growth · ~25% margin ~26% AEBITDA to FCF conversion FY27 PRIORITIES Growth Driven Expanding Improved Operating De-Lever Through Recurring Margins Leverage Balance Sheet
Slide 22: Components of Levered Free Cash Flow Guidance
COMPONENTS OF LEVERED FREE CASH FLOW GUIDANCE ($’M) 123 (52) (24) 4 (8) 33 (8) (2)
Slide 23: Key Takeaways
KEY TAKEAWAYS 81% +44% $19.6M ~1 Turn 5% Increase in Services Adj. EBITDA Growth GAAP Op. Income Deleveraging Mix as a Percentage of YoY to $97.0M vs −$25.9M loss in FY25 3.39x → 2.47x net debt/AEBITDA Total Revenue vs. FY25 We exit FY26 with clean comparables, accelerating recurring revenue, and a
Slide 24: Final Comments; Q&A
FINAL COMMENTS; Q POWERQFLEET® People Powered AloT
Slide 25: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations
Slide 26: Reconciliation of Net Loss to Adjusted EBITDA
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS TO ADJUSTED EBITDA (In thousands, except for %’s) Three Months Ended March 31, Year Ended March 31, 2025 (1) 2026 2025 (1) 2026 Net loss attributable to common stockholders $ (12,439) $ (2,666) $ (51,012
Slide 27: Reconciliation of Net Loss to Adjusted Net Income
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF NET LOSS TO ADJUSTED NET INCOME (In thousands, except per share data) Three Months Ended March 31, Year Ended March 31, 2025 2026 2025 2026 Net loss $ (12,439) $ (2,666) $ (50,987) $ (20,552) Incremental intangible assets amortization expense as a
Slide 28: Reconciliation of Gross Profit Margins to Adjusted EBITDA Gross Profit Margins
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF GROSS PROFIT MARGINS TO ADJUSTED EBITDA GROSS PROFIT MARGINS (In thousands, except for %’s) Three Months Ended March 31, Year Ended March 31, 2025 2026 2025 2026 Products: Product revenues $ 21,866 $ 21,546 $ 85,584 $ 83,975 Cost of products 18,152
Slide 29: Reconciliation of SG&A Expenses to Non-GAAP SG&A
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (In thousands, except for %’s) Three Months Ended March 31, Year Ended March 31, 2025 2026 2025 2026 Total revenues $ 103,638 $ 114,490 $ 362,515
Slide 30: Reconciliation of Operating Cash Flow to Free Cash Flow
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands) Three Months Ended June 30, September 30, December 31, March 31, 2025 2025 2025 2026 Net cash provided by operating activities $ 4,721 $ 5,522 $ 10,208 $ 10,010 Plus: Procee
Slide 31: Reconciliation of Total Debt to Adjusted Net Debt
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF TOTAL DEBT TO ADJUSTED NET DEBT (in thousands, except for ratios) March 31, March 31, 2025 2026 Total debt $ 273,792 $ 280,024 Less: Cash, cash equivalents, and restricted cash (48,788) (40,818) Net debt 225,004 239,206 Unsettled transaction costs