Invicta Holdings Limited · JSE:IVT
Invicta — H1 FY2025 Earnings Presentation
59 slides from Invicta's earnings presentation, November 2024
Slide 1: Interim Results Presentation 2024
INTERIM RESULTS PRESENTATION 2024 FOR THE PERIOD ENDED 30 SEPTEMBER Invicta HOLDINGS LIMITED Innovative solutions that empower industries, for a sustainable future
Slide 2: Disclaimer
O Teicta HOLDINGS LIMITED Welcome Disclaimer EEE The information contained in this presentation may differ from the financial information pertaining to the audited financial results of Invicta Holdings Limited (‘Invicta’), as published on SENS in terms of the JSE Listings Requirements. Certain perfo
Slide 3: Table of Contents
ir Invicta HOLDINGS LIMITED Welcome Table of Contents Welcome & Introduction Page 04 Who We Are Page 05 The Period at a Glance Page 07 Notable Achievements Page 08 Group Financial Overview Page 24 Operational Segment Review Page 53 Key Developments & Transactions Page 56 Prospects & Strategy wwnwinv
Slide 4: Who We Are
Invicta HOLDI LIMITED In tion Who We Are Invicta distributes earthmoving, industrial, automotive, and agricultural products, often exclusively, which are always available and overlaid with a technical and service solution. We add value through our distribution chain, product availability and by prov
Slide 5: The Period at a Glance
) Twicta HOLDINGS LIMITED Introduction The Period at a Glance Operating results largely aligned with prior period under tough trading conditions Rand strength hada negative impact on earnings for the period We remain committed to our strategy of expanding our business offshore y WML dd INVICTA HOLDI
Slide 6: The Period at a Glance
) Twicta HOLDINGS LIMITED Introduction The Period at a Glance Global impacts: Inflation remains high Positive outlook for further decreases in rates + Wars in Ukraine and Middle East continue South African impacts: + Abated loadshedding throughout the period + Continued volatility in currencies Supp
Slide 7: Notable Achievements
1 Invicta HOLDINGS LIMITED Notable . 5 Sustainable . . Achievements Increased sustainable operating profit by 7% to R354m Operating Profit: Cash Generated from Operations: Cash generated from operations increased by 3% to R332m On 8 July 2024 the Group completed the R703 million redemption of the 6.
Slide 8: Group Financial Overview
Invicta HOLDINGS LIMITED Group Financial Overview For The Period Ended 30 September 2024 CLLEEEEEEEEEEE/,“NI]CTAHOLDINGS LIMITED | Interim Results Presentation forthe period ends
Slide 9: Company Description
7 Company Description Invicta Replacement parts, Distributor of parts for earthmoving equipment and HOLDINGS LIMITED services and solutions engines. South Africa - Earthmoving equipment United Kingdom Group Financial Overview ("RPE") Our Operatin S P t 9 Kian Ann Group Distributor and manufacturer o
Slide 10: Group Sustainable Operating Profit
Invicta HOLDINGS LIMITED Group Financial Overview Group Sustainable Operating Profit MMM dd dd dd R'ooo eae Sep 2023 Operating profit before net finance income on financing transactions and foreign exchange as reported Deduct: Net profit on disposal of investments Add back: Amortisation of Purchase
Slide 11: Kian Ann Group Contribution to Sustainable Headline Earnings
Invicta HOLDINGS LIMITED Group Financial Overview Kian Ann Group Contribution to Group Sustainable Headline Earnings WMA Ad ddd dd R'000 EAI Sep 2023 Equity accounted earnings 78 830 108 074 Deduct: Profit on disposal of investment = (33 218) Add back: Amortisation of Purchase Price Allocation intan
Slide 12: Group Sustainable Headline Earnings
Invicta HOLDINGS LIMITED Group Financial Overview Group Sustainable Headline Earnings MMMM Nd dd R'000 eA Sep 2023 Headline earnings Adjusted for the following net of tax: Deduct: Loss on early termination of interest rate swaps Add back: Amortisation of Purchase Price Allocation intangible assets (
Slide 13: Group Sustainable Results at a Glance
Invicta HOLDINGS LIMITED Group Financial Overview Group Sustainable Results at a Glance Operating profit * HEPS\*4 NAV per ordinary share ** Before net finance income and forex LB 7% J 14% b 1% to R354 million to 240 cents to R52.03 * Adjusted sustainable “"% growth vs 31 March 2024 * Headline earni
Slide 14: Statement of Comprehensive Income (Extract)
Invicta HOLDINGS LIMITED R'000 Sep 2023 % Group Financial Overview Re 4002997 3928 557 2% Statement of jevenue Comprehensive Income Cost of sales (2721 626) (2 665 078) 2% (Extract) Gross profit 1281371 1263479 1% 32% 32% Selling, administration and distribution costs (912 521) (931 459) -2% Operati
Slide 15: Statement of Comprehensive Income (Extract)
O Teicta HOLDINGS LIMITED Group Financial Overview Statement of Comprehensive Income (Extract) UMddddddddddddddddddddddddddddddddd R’ooo Sep 2023 % Finance Income 23919 25 288 -5% Finance cost (87 524) (79 749) 10% Share of profits from associates (130) 7310 >100% Share of profits from joint venture
Slide 16: Statement of Financial Position: Assets
i Invicta R'000 | sep 20281 Mar 2024 HOLDINGS LIMITED Assets . . Property, plant and equipment (incl invest prop) 1203329 1261095 Group Financial Overview IFRS 16 - Right of use assets 209 227 225 288 Statement of Investments in associates 20 604 22 051 A . ay Investments in joint ventures 1797097 1
Slide 17: Reconciliation of Carrying Value of Investment in Kian Ann Group
Invicta HOLDINGS LIMITED Group Financial Overview Reconciliation of the Carrying Value of Investment in the Kian Ann Group | 000 | Investment in Kian Ann balance at 31 March 2024 1843 863 Addi: Share of profit, net of taxation 78 830 Less: Foreign currency translation (82 508) Less: Dividends declar
Slide 18: Statement of Financial Position: Assets
i Invicta R'000 ssvzo | Mar 2024 HOLDINGS LIMITED Assets . Property, plant and equipment and investment prop 1203 329 1261095 Group Financial Overview IFRS16 - Right of use assets 209 227 225 288 Investments in associates 20 604 22051 Statement of ny Investments in joint ventures 1797 097 1879 525 F
Slide 19: Inventory
Invicta R'000 Gross value Provision Net value RPE Sep 24 313 697 40 240 273 457 Group Financial Overview Mar 24 470 392 31 332 439 060 Inventory RPI Sep 24 1 968 305 324 628 1 643 677 Mar 24 1998 704 329 116 1 669 588 RPA = Sep 24 322 632 29 618 293 014 Mar 24 338 733 32 505 306 228 CE Sep 24 617 53
Slide 20: Statement of Financial Position: Assets (cont.)
i Invicta R’o00 _ Mar 2024 HOLDINGS LIMITED Assets . . Property, plant and equipment (incl invest prop) 1203 329 1261095 Group Financial Overview IFRS16 - Right of use assets 209 227 225 288 Statement of Investments in associates 20 604 22051 Fi ial Position: Investment in joint ventures 1797 097 18
Slide 21: Statement of Financial Position: Equity & Liabilities
i Invicta R'000 | saaaze | Mar 2024 HOLDINGS LIMITED Shareholders’ equity 5038969 5770 060 Gi Fi ial Overview Borrowings 1217771 1105 486 poe Financia evi Finance lease liabilities 98 434 93952 Statement of IFRS 16 - Right-of-use lease liabilities 188 756 190 427 Fi ial Position: Employee benefit bo
Slide 22: Total Net Interest Bearing Debt
° Invicta HOLDINGS LIMITED Group Financial Overview Total Net-Interest Bearing Debt R'000 | sez Mar 2024 Borrowings and finance lease liabilities non-current 1316 205 1199 438 Borrowings and finance lease liabilities current 421 884 188 559 Cash (733724) (998.684) Overdraft Net debt excluding IFRS 1
Slide 23: Cash Flow Statement
O Teicta HOLDINGS LIMITED Group Financial Overview Cash Flow Statement R'000 Cash flows from operating activities Cash generated from operations Net finance costs Net dividends paid Tax paid Net cash inflow from operating activities Cash flows from investing activities Proceeds on disposal of PPE, i
Slide 24: Operational Segment Review
Invicta HOLDINGS LIMITED Operational Segment Review For The Period Ended 30 September 2024 INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period en
Slide 25: Replacement Parts Earthmoving
Willd Invicta HOLDINGS LIMITED Replacement Parts Earthmoving Replacement parts, services & solutions INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30 September 2024
Slide 26: Results Summary September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Results Summary 30 September 2024 Revenue (Rm) 600 594 470 450 300 + 51% 293 150 Sep 2022 Sep 2023 Sep 2024 Net Operating Assets (Rm) 700 407 525 481 80 343 75 Sep 2023 Mar 2024 Sep 2024 Sustainable Operating Profit before forex (Rm) 80 78 B 60 «5
Slide 27: 12 Months Rolling Sustainable Operating Profit
) Twicta HOLDINGS LIMITED Operational Segment Review Results Summary 30 September 2024 rd 7 We WMMMMIUIM Md 42 months rolling Sustainable Operating Profit before forex Rm) 139 as 1 78 Sustainable Sustainable Operating profit Amortisation of IFRS 16 412 months rolling operating profit operating profi
Slide 28: Revenue Contribution September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2024 Vdd By Market Segment @ Earthmoving 100% INVICTA HOLDINGS LIMITED | Interim Re: By Revenue Stream m@ Spare Parts resentation for the period er 100% (0 September 2024 28
Slide 29: Outlook September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Outlook 30 September 2024 General: . South African businesses including ESP continue to perform well and ESP continues to identify and supply new customers as it increases product offering to meet a changing market NWB acquisition has been bedded
Slide 30: Kian Ann
Invicta HOLDINGS LIMITED Kian Ann Heavy Machinery & Diesel Engine Parts KAN ANN ENGINEERING PTE LTD a The Trusted Name In Heavy Machinery And Diesel Engine Parts MMUUMlhdllddlldlddl INVICTAHOLOINGS UMITED 1 cern tation for the period
Slide 31: Results Summary 30 September 2024
Revenue Sustainable Operating Profit before forex (S$m) (S$m ° Invi cta wo 86 148 24 HOLDINGS LIMITED 128 8 120 18 v 4 Operational Segment Review so » 16% ° & awe Results Summary 30 September 2024 40 6 Sep 2022 Sep 2023 Sep 2024 Sep 2022 Sep 2023 Sep 2024 Net Operating Assets Return on Net Operating
Slide 32: 12 Months Rolling Sustainable Operating Profit
O t 32 months rolling Sustainable Operating Profit I ° sm) nvicta —— 6 2 29 HOLDINGS LIMITED 30 << Operational Segment Review Results Summary 8 30 September 2024 20 15 “14 10 5 Sustainable Sustainable Operating profit Amortisation 412 months rolling operating profit operating profit 1H FY2025 of PPA
Slide 33: Revenue Contribution September 2024
° Invicta HOLDINGS LIMITED 3% 2% Operational Segment Review 3% 3% etl Revenue Contribution A\ 30 September 2024 ANN ENGINEERING Pre L1D Name Henry Mactan Dae aging Fars a & Mining ™® Construction MMMM dd dbl i By Market Segment 89% General Trading m™ Manufacturing & Industry m Agriculture & Forestry
Slide 34: Revenue Contribution by Country
° By Country 5% Invicta 6% ] HOLDINGS LIMITED . 6% Operational Segment Review Revenue Contribution 30 September 2024 IAN ANN ENGINEERING PTE LTD Hey Maenery Au Dsl Eagne Fas 26% m Other ASEAN Countries @ Other Asian Countries @ Malaysia @ China ® Non-Asian Countries ® Singapore ® United States © Ind
Slide 35: Outlook September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Outlook 30 September 2024 RING i) VM General: The internal restructure of KMP has been completed and the Group which now consists not only of its production in China and distribution in the USA of undercarriage and related parts, but also includes
Slide 36: Replacement Parts Industrial
O Invicta HOLDINGS LIMITED Replacement Parts Industrial Replacement parts, services & solutions INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30 Sentember 2024
Slide 37: Results Summary September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Results Summary 30 September 2024 INDUSTRI ToOIEE TOUFMNT Revenue Sustainable Operating Profit before forex Rm (Rm) 3000 400 2485 2305 2456 2250 300 Lv % y 16% 175 1500 200 64 ‘aj 750 100 Sep 2022 Sep 2023 Sep 2024 Sep 2022 Sep 2023, Sep 2024 Net
Slide 38: Results Summary September 2024
I ° Invicta HOLDINGS LIMITED 390 Operational Segment Review Results Summary 325 30 September 2024 260 195 130 65 VM hdd 12 months rolling Sustainable Operating Profit before forex (R'm) 12 months rolling Sustainable operating profit March 2024 3 —— -24 -151 Sustainable Operating profit IFRS 16 Net l
Slide 39: Revenue Contribution by Market Segment
i By Market Segment Invicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2024 @ Industry ™ Cash Sales B Mining @ Agriculture ™ Retail/Trade ™ Other GMMUMMML dd v m \ 9 2% 4% 16% 10% 15% m Food & Beverage Automotive & Trasport @ Parastatals Projects & Consultants INVI
Slide 40: Revenue Contribution September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2024 By Revenue Stream 20% 42% 58% 80% @ South Africa @ Africa m Consumables @ Engineering INVICTA HOLDINGS LIMITED | Interim Results By Region ation for the period ended 30 September 2024 40
Slide 41: Outlook September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Outlook 30 September 2024 GMMMUMMMMML dd dd General: Large project orders have started to filter through with aftermarket maintenance, repair and operations supply generally following suit Opportunities to strengthen top tier brand representation
Slide 42: Replacement Parts Auto-Agri
O Invicta HOLDINGS LIMITED Replacement Parts Auto-Agri Replacement parts, services & solutions REY INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30 September 2024
Slide 43: Results Summary 30 September 2024
O Revenue Sustainable Operating Profit before forex H (Rim) (Rim) ° Invicta eo das HOLDINGS LIMITED 356 64 345 60 Operational Segment Review 280 45 43 : osn 4 19% a L 2% Results Summary 30 September 2024 15 20 Sep 2022 Sep 2023 Sep 2024 Sep 2022 Sep 2023 Sep 2024 Net Operating Assets Return on Net O
Slide 44: Results Summary September 2024
I Invicta es 120 HOLDINGS LIMITED Operational Segment Review a Results Summary 30 September 2024 80 60 40 20 ddd Sustainable Operating Profit before forex (Rim) 89 Sustainable Sustainable operating profit March 2024 operating profit 4H FY2024 Operating profit 4H FY2025 INVICTA HOLDINGS LIMITED | Int
Slide 45: Revenue Contribution by Market Segment
O 1 By Market Segment 2% 1% W% Invicta 8% 1 HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2024 RPE 88% @ Mining © Industry B® Automotive incl. truck & bus @ Construction ® Agriculture INVICTA HOLDINGS LIMITED | Interim Resu WMMMMM LL db dd 45
Slide 46: Revenue Contribution September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2024 LMM By Revenue Stream 2% m Consumables 98% m Engineering 36% @ Europe INVICTA HOLDINGS LIMITED | Interim Re: By Region resentation for the period ended 3 64% @ South Africa jeptember 2024 46
Slide 47: Outlook September 2024
1 Invicta Operational Segment Review General: Outlook 30 September 2024 Mitigating measures that we have put in place in South Africa to improve stock availability stemming from shipping delays, have been successful Expansion of house brand product range, to cater for a price sensitive South African
Slide 48: Capital Equipment
Invicta HOLDINGS LIMITED Capital Equipment Capital Equipment & Related Parts & Services (CAPITAL ULPMENT GROUP INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period ended 30 September 202
Slide 49: Results Summary September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Results Summary 30 September 2024 {CAPITAL Md Revenue Sustainable Operating Profit before forex (R'm) (R'm) 700 633 70 6s 581 612 525 5348 mw” 350 im 35 + 37% 175 18 Sep 2022 Sep 2023 Sep 2024 Sep 2022 Sep 2023 Sep 2024 Net Operating Assets Return
Slide 50: Results Summary 30 September 2024
1 = Sustainable Operating Profit before forex Invicta an HOLDINGS LIMITED 120 Operational Segment Review Results Summary 100 30 September 2024 83 80 4 CAPITAL a ye ouirwens cnour | 40 65 20 Sustainable Sustainable Operating profit IFRS 16 Interest Paid 12 month rolling operating profit operating pro
Slide 51: Revenue Contribution September 2024
) Twicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 30 September 2024 {CAPITAL = 20% By Revenue Stream By Market Segment @ Earthmoving 5% “os 16% 80% m@ Materials Handling m Equipment ™@ Spare Parts INVICTA HOLDINGS LIMITED | Interim on for the period end m@ Rental m@ Service 7
Slide 52: Outlook 30 September 2024
1 HOLDINGS LIMITED Invicta OOO Capital Equipment volumes showing signs of growth, with a 9% increase in equipment vs 2023. Challenges due to the Durban Harbour congestion and 2-month shipment timelines Commodity prices still below the average trend line, however there are visible signs of improvemen
Slide 53: Key Developments & Transactions
Invicta HOLDINGS LIMITED Key Developments & Transactions For The Period Ended 30 September 2024 wy — Interim Results Presentation for the period ended 30 September 2024
Slide 54: Key Developments and Transactions
O Teicta HOLDINGS LIMITED Redemption of + On 8 July 2024 the Group completed the R703 million redemption of the 6.9 million Preference Shares: outstanding preference shares + As the redemption took place mid-way through the period, the full benefit will materialise in the second half of the year Key
Slide 55: Key Developments and Transactions post interim reporting
O Teicta HOLDINGS LIMITED and Transactions post interim reporting Disposal of the + Disposal agreement concluded for the Kian Ann Singapore warehouse for Kian Ann warehouse SGD63 million in Singapore: + Warehouse will be moved to Shanghai with a head office presence remaining in Singapore + Invicta
Slide 56: Prospects & Strategy
ViMdlddd i Invicta HOLDINGS LIMITED Prospects & Strategy For The Period Ended 30 September 2024 INVICTA HOLDINGS LIMITED | Interim Results Presentation for the period e
Slide 57: Prospects & Strategy Objectives
) Twicta HOLDINGS LIMITED Prospects & Strategy Objectives Objectives: Managing working capital and the balance sheet closely Continued focus on cash generation Managing the supply chain and logistical challenges Looking for appropriate acquisitions and new product lines INVICTA HOLDINGS LIMITED | In
Slide 58: Looking Forward
1 Invicta HOLDINGS LIMITED LOOKING FORWARD
Slide 59: Thank you for your attendance & participation
n, Invicta HOLDINGS LIMITED Thank you for your attendance & participation www.invictaholdings.co.za For any further Investor Relations questions please contact: Vanessa Rech | Keyter Rech Investors Solutions | vrech@kris.co.za | 083 307 5600 or Sade Lekena | Invicta Holdings | legal@invictaholdings.