Theon International Plc · EURONEXT:THEON
Theon International — Investor Presentation (October 2026)
19 slides from Theon International's investor presentation, October 2026
Slide 1: Company Presentation
THEON Company Presentation EMPOWERING VISION. WHEN IT MATTERS. October 2026 theon.com
Slide 2: Disclaimer
COMPANY PRESENTATION Disclaimer Important - please read the following before continuing. This document has been prepared by Theon International PLC (the "Company”) solely for discussion purposes in relation to the Company and its subsidiaries (together, the "Group"), for information and background p
Slide 3: THEON at a glance
COMPANY PRESENTATION THEON at a glance Theon International Plc is a leading developer and manufacturer of customizable night vision and thermal imaging systems for both dismounted and platform-based applications, with a vision to become the leader in defense optoelectronics Established track-record
Slide 4: Global presence being successfully deployed
COMPANY PRESENTATION Global presence being successfully deployed GERMANY DENMARK Athens, Greece UK HQ and Main Facility LATVIA BELGIUM GREECE SWITZERLAND CYPRUS SPAIN FRANCE CANADA UAE U.S.A. S.KOREA SINGAPORE S. AFRICA Offices, production and co-production facilities enable us to remain close to ou
Slide 5: Full suite of night vision & thermal imaging products tailored to soldier needs
COMPANY PRESENTATION Full suite of night vision & thermal imaging products tailored to soldier needs Night vision Thermal and FCS Goggles Weapon Sights Weapon Sights FCS Monoculars Stand Alone Stand Alone New FCS family Binoculars Clip-on Clip-on Customized solutions A .R.M.E.D. EMPOWERING VISION. W
Slide 6: Digital man portable products (A.R.M.E.D.)
COMPANY PRESENTATION Digital man portable products (A.R.M.E.D.1) Bridging traditional analog night vision devices with the next generation of the digital capabilities for the soldier THEA Heads-Up Display; helmet mounted to provide enhanced situational awareness during day IRIS-C Thermal Clip-On; ca
Slide 7: Build vs. buy: ISR portfolio brought together
COMPANY PRESENTATION Build vs. buy: ISR portfolio brought together Diversified ISR portfolio across Land, Sea and Air, built through in-house innovation and strategic acquisitions, significantly expanding capabilities, product offering and addressable market THEON ISR ECOSYSTEM LAND SEA AIR REMOTE W
Slide 8: Expanding into the modern defence ecosystem
COMPANY PRESENTATION Expanding into the modern defence ecosystem At the forefront of the new wider market being created, THEON is expanding its capabilities through focused R&D and strategic acquisitions Increasing ISR Capabilities Rationale NOW Strengthening THEON’s Platform-based products suite an
Slide 9: Total defence spending to grow
COMPANY PRESENTATION Total defence spending to grow Theon is a global leader in Man-Portable optronics products, driven by market share in Goggles, and intends to repeat this success in the much bigger ISR segment Man-Portable Intelligence Surveillance Reconnaissance (ISR) Proliferation of sensors a
Slide 10: Low NV penetration provides substantial growth headroom
COMPANY PRESENTATION Low NV penetration provides substantial growth headroom Near-zero penetration of digital solutions creates a significant untapped growth opportunity across all regions North America ~100% Europe ~30% Number of Soldiers Number of Soldiers ~1.3m Active ~1.5m today1 ~760k National
Slide 11: Significant revenue growth and diversification
COMPANY PRESENTATION Significant revenue growth and diversification Significant revenue growth and diversification, with non-Night Vision products targeted to account for c.50% of revenue in the medium term Revenue Diversification Target Highlights / Drivers Remain a global leader in Night Vision, w
Slide 12: Soft backlog supports long-term growth
COMPANY PRESENTATION Soft backlog supports long-term growth Longer-term framework agreements increasing visibility beyond typical 18-month horizon Soft Backlog & Options (€m) as at 30-Jun-26 Comments ~902 ~2,358 • 2.4x coverage ratio supports long-term visibility • Part of the options is expected to
Slide 13: H1 2026 highlights
COMPANY PRESENTATION H1 2026 highlights Maintaining solid momentum and consistent delivery Financial Highlights Operational Revenue reached €248.7 million, up 35% reflecting the Group’s ongoing momentum & Strategic Maintained best-in-class margins in line with medium-term guidance Continued improvin
Slide 14: Upgrading guidance to reflect growing confidence
COMPANY PRESENTATION Upgrading guidance to reflect growing confidence THEON expects to achieve its €1bn revenue target by 2029 through organic growth, to be complemented by targeted bolt-on acquisitions FY 2025 (Reported) FY 2026 Guidance Medium Term Revenue €443.4m c.€600m Organic Growth >15% p.a.
Slide 15: Strategy update
COMPANY PRESENTATION Strategy update Focusing on organic investments and realisation of synergies Organic Growth through Focus on Integration Deleverage expansion in US • Expecting closing of Merio and • Initial investment of $30m • Clear deleverage path, supported by finalisation of JV with Safran
Slide 16: Appendix
THEON INTERNATIONAL Advan tron 4 Appendix
Slide 17: Key milestones since IPO
COMPANY PRESENTATION Key milestones since IPO JUNE OCTOBER FEBRUARY AUGUST APRIL JUNE Introduced Acquisition Awarded the Launch of An initiative to advance soldier systems with cutting-edge Entered into Exclusivity agreement A.R.M.E.D of Harder IDZ contract THEON NEXT digital technologies, beyond tr
Slide 18: THEON NEXT
COMPANY PRESENTATION THEON NEXT | EMPOWERING VISION. WHEN IT MATTERS. 18
Slide 19: Theon International Plc contact details
theon.com T H E O N INTERNATIONAL PLC 5, Agios Antonios str. Muskita Building 2 1st Floor, Office/Apart. 102 2002 Nicosia Cyprus T H E O N S E N S O R S S.A. 57, Ioannou Metaxa str. Koropi, GR-19441 Greece
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