Datatec Limited · JSE:DTC
Datatec — Q2 2026 Earnings Presentation
51 slides from Datatec's earnings presentation, Oct 30, 2025
Slide 1: Group results for the six months ended 31 August 2025
Group results for the six months ended 31 August 2025
Slide 2: Contents
CONTENTS 1. Summary • Financial results summary • Overview • Current trading 2. Financial results 3. Operational review 4. Prospects and Outlook
Slide 3: Summary
01 Summary • Financial results summary • Overview • Current trading
Slide 4: An exceptionally strong H1 financial performance
01 | Summary DATATEC GROUP An exceptionally strong H1 financial performance 02 | Datatec Group 03 | Westcon International GROSS GROSS ADJUSTED UNDERLYING H1 FY 2026 INVOICED PROFIT EBITDA* EPS** INTERIM INCOME~ DIVIDEND H1 FY 2026 H1 FY 2026 H1 FY 2026 H1 FY 2026 10 US¢ 04 | Logicalis International
Slide 5: AI continues to drive generational change in infrastructure
01 | Summary DATATEC GROUP AI continues to drive generational change in infrastructure required for data 02 | Datatec Group centres, networks and cyber security demand Modernisation of IT infrastructure to support hybrid cloud, driving managed 03 | Westcon services and new generation of product and
Slide 6: Current trading conditions strongly favour Datatec's business lines
01 | Summary DATATEC GROUP Current trading conditions strongly favour Datatec’s business lines and expertise 02 | Datatec Group 03 | Westcon International 04 | Logicalis International Greater software Improving gross Reducing rates All divisions AI adoption is and services mix, profit to EBITDA and
Slide 7: Financial results
GSS DATATEC The Digital Channels Company * a ° ° ‘e} od i =. f an . ie @ 4 4 O 7 ¥ @a a @ , @ aN @ ° . a f y = ¥ a . { ” wee s ‘ , “ Financial results
Slide 8: Financial performance
01 | Summary DATATEC GROUP Financial performance H1 FY 2025 02 | Datatec Group US$m H1 FY 2026 Restated^ % Movement Gross invoiced income 4,096.1 3,745.0 9.4% As reported: Strong growth in gross invoiced Revenue^ 1,835.9 1,785.0 2.9% income and gross profit 03 | Westcon International Gross profit 48
Slide 9: Financial performance – segmental
01 | Summary DATATEC GROUP Financial performance ̶ segmental 02 | Datatec Technology Distribution ICT Solutions and Services Group Westcon International Logicalis International Logicalis Latin America H1 FY 2025 US$m H1 FY 2026 Restated^ H1 FY 2026 H1 FY 2025 H1 FY 2026 H1 FY 2025 Gross invoiced inc
Slide 10: Gross invoiced income analysis: Europe approximately half of business
01 | Summary DATATEC GROUP Gross invoiced income analysis: Europe remains approximately half of the business 02 | Datatec Group 9% 10% 03 | Westcon International 6% 8% 10% 7% 25% Increased contribution from 04 | Logicalis International 24% H1 FY H1 FY 2026 Asia-Pacific 2025 51% Latin America 05 | Lo
Slide 11: 71% of income derived from software and services
01 | Summary DATATEC GROUP Gross invoiced income analysis: 71% of income now derived from software and services 02 | Datatec Group 03 | Westcon International 29% Continuing trend towards more software and services 32% 04 | Logicalis International H1 FY H1 FY 2026 2025 68% More software net accounted
Slide 12: Balance sheet summary
01 | Summary DATATEC GROUP Balance sheet summary 02 | Datatec US$m H1 FY 2026 H1 FY 2025 FY 2025 Group Assets 4,415.2 3,824.5 3,973.3 Non-current assets Strong balance sheet Goodwill 279.4 280.5 274.2 03 | Westcon International Acquired intangible assets & software 25.0 27.7 27.9 Other non-current a
Slide 13: Balance sheet summary – segmental
01 | Summary DATATEC GROUP Balance sheet summary ̶ segmental 02 | Datatec Technology Distribution ICT Solutions and Services Group Westcon International Logicalis International Logicalis Latin America H1 FY 2026 H1 FY 2025 FY 2025 H1 FY 2026 H1 FY 2025 FY 2025 H1 FY 2026 H1 FY 2025 FY 2025 US$m Asse
Slide 14: Cash flow
01 | Summary DATATEC GROUP Cash flow 02 | Datatec US$m H1 FY 2026 H1 FY 2025 FY 2025 Group EBITDA 139.0 102.5 221.3 Working capital changes (12.4) 3.6 81.6 Improved operating cash Settlement of share-based payment liabilities (0.3) (5.0) (5.0) generation, despite increased working capital requiremen
Slide 15: Operational review
GSS DATATEC The Digital Channels Company Operational review
Slide 16: Westcon International
Westcon International
Slide 17: Strong performance across all key metrics
01 | Summary WESTCON INTERNATIONAL Strong performance across all key metrics 02 | Datatec Group 03 | Westcon International Robust growth, Sustained Continued Good cash 27 countries 04 | Logicalis International gross invoiced demand for strong NWC returns to achieve GPTW# incomeup10%YoY cyber securit
Slide 18: Gross invoiced income – recurring sales growing to 68%
01 | Summary WESTCON INTERNATIONAL Gross invoiced income – recurring sales growing to 68% of total sales 02 | Datatec Group Total gross invoiced income Recurring gross invoiced income US$m US$m 2,778 Gross invoiced income 03 | Westcon International 2,531 increased 9.8% 1,878 1,597 04 | Logicalis Int
Slide 19: Healthy sales growth across all geographies
01 | Summary WESTCON INTERNATIONAL Healthy sales growth across all geographies 02 | Datatec Group Gross invoiced income Reported revenue US$m US$m 2,778 2,531 Gross invoiced income 03 | Westcon International increased across all regions 1,650 1,550 04 | Logicalis International 974 979 Reported reven
Slide 20: Gross invoiced income analysis
01 | Summary WESTCON INTERNATIONAL Gross invoiced income analysis 02 | Datatec Group Gross invoiced income by business unit Gross invoiced income by customer 14% 03 | Westcon International 31% 12% 33% 04 | Logicalis International H1 FY H1 FY H1 FY H1 FY 55% 2025 33% 2025 2026 2026 67% 54% 32% Latin
Slide 21: Cyber security drives more than half of category sales
01 | Summary WESTCON INTERNATIONAL Cyber security now drives more than half of category sales, & software & services is over 60% of segment mix 02 | Datatec Group Gross invoiced income by technology category Gross invoiced income by segment 9% 03 | Westcon International 29% 10% 21% 41% 33% 04 | Logi
Slide 22: Gross profit grew by 14%
01 | Summary WESTCON INTERNATIONAL Gross profit grew by 14% 02 | Datatec Group US$m 03 | Westcon International 246 216 Includes $15.5m one-time accrual release in relation to successful 04 | Logicalis International resolution of multi-jurisdiction tax claims Latin America 05 | Logicalis H1 FY 2025 H
Slide 23: Adjusted EBITDA grew by 7.3%
01 | Summary WESTCON INTERNATIONAL Adjusted EBITDA grew by 7.3% 02 | Datatec Group US$m 03 | Westcon International 76 71 Adj EBITDA affected by stronger local currencies which increased US$ 04 | Logicalis International reported operating expenses Latin America 05 | Logicalis H1 FY 2025 H1 FY 2026 06
Slide 24: EBITDA grew by 30%
01 | Summary WESTCON INTERNATIONAL EBITDA grew by 30% 02 | Datatec Group US$m 90 03 | Westcon International 70 Strong results coupled with release of tax provisions 04 | Logicalis International Latin America 05 | Logicalis H1 FY 2025 H1 FY 2026 06 | Prospects & Outlook DATATEC Results – six months e
Slide 25: Disciplined working capital management
01 | Summary WESTCON INTERNATIONAL Disciplined working capital management 02 | Datatec Group Days/turns US$m H1 FY 2025 H1 FY 2025 NWC days decreased vs both FY 2025 FY 2025 FY25 and H1 FY25 H1 FY 2026 H1 FY 2026 03 | Westcon International 103 1,497 1,393 90 1,317 86 1,230 1,177 73 1,070 Increase in
Slide 26: Net debt managed through the cycle
01 | Summary WESTCON INTERNATIONAL Net debt managed through the cycle 02 | Datatec Group 12 months to August 2023 (H1 FY 2024) US$m 12 months to August 2024 (H1 FY 2025) 12 months to August 2025 (H1 FY 2026) Average net debt of $260m - over the 36-month period (50) 03 | Westcon International (100) (
Slide 27: Strong demand for Westcon's products and solutions continue
01 | Summary WESTCON INTERNATIONAL Strong demand for Westcon’s products and solutions continue 02 | Datatec Group 03 | Westcon International Continued Cloud AI-driven Geopolitical robust demand connectivity spend will fuel landscape 04 | Logicalis for cyber growth driving demand across remains Inter
Slide 28: Logicalis Group
SS LOGICALIS Architects of Change
Slide 29: Logicalis International
Logicalis International SA LOGICALIS Architects of Change
Slide 30: Improved operating leverage driving excellent results
01 | Summary LOGICALIS INTERNATIONAL Improved operating leverage driving excellent results 02 | Datatec Group 03 | Westcon International Strong order Sustainable Continued Excellent Robust intake with growth in investment in growth in working 04 | Logicalis International multi-year cloud-based moder
Slide 31: Gross invoiced income grew by 11%
01 | Summary LOGICALIS INTERNATIONAL Gross invoiced income grew by 11% 02 | Datatec Group Total gross invoiced income Recurring gross invoiced income US$m US$m 03 | Westcon 1,037 International 931 Solid growth in recurring gross 644 invoiced income, 62% of total 04 | Logicalis International 558 Lati
Slide 32: All regions displayed good momentum
01 | Summary LOGICALIS INTERNATIONAL All regions displayed good momentum 02 | Datatec Group Gross invoiced income Reported revenue US$m US$m 1,037 03 | Westcon International 931 Cloud and managed services 613 are fastest growing segments 575 04 | Logicalis International 392 362 396 352 249 229 244 2
Slide 33: Recurring managed services contribution to total mix
01 | Summary LOGICALIS INTERNATIONAL Recurring managed services now contribute 35% of the total mix 02 | Datatec Group Gross invoiced income by segment Gross invoiced income – cloud* US$m 03 | Westcon International % $0.9b $1.0b 245 + 17% 34% 35% 209 04 | Logicalis International 11% 10% 26% 27% Lati
Slide 34: Gross profit up 11.3%
01 | Summary LOGICALIS INTERNATIONAL Gross profit up 11.3% 02 | Datatec Group US$m 03 | Westcon International 183 164 Continued strong gross margin now approaching 30% 04 | Logicalis International Latin America 05 | Logicalis H1 FY 2025 H1 FY 2026 06 | Prospects & Outlook DATATEC Results – six month
Slide 35: Adjusted EBITDA grew by 36%
01 | Summary LOGICALIS INTERNATIONAL Adjusted EBITDA grew by 36% 02 | Datatec Group US$m 52 Significant improvement in adjusted 03 | Westcon International EBITDA margin to 8.5% 38 04 | Logicalis International Operating efficiencies driving higher conversion of gross profit into EBITDA Latin America
Slide 36: EBITDA increased by 37%
01 | Summary LOGICALIS INTERNATIONAL EBITDA increased by 37% 02 | Datatec Group US$m All regions had good EBITDA growth 51 03 | Westcon International 37 US drives biggest EBITDA contribution 04 | Logicalis International Latin America 05 | Logicalis Good progress in UK and South Africa H1 FY 2025 H1
Slide 37: Working capital benefiting from structural improvement in inventory levels
01 | Summary LOGICALIS INTERNATIONAL Working capital benefiting from a structural improvement in inventory levels as mix changes 02 | Datatec Group Days US$m H1 FY 2025 H1 FY 2025 Absolute inventory and FY 2025 FY 2025 inventory days remain low H1 FY 2026 H1 FY 2026 03 | Westcon International 104 10
Slide 38: A notably improved financial performance expected for FY26
01 | Summary LOGICALIS INTERNATIONAL A notably improved financial performance expected for FY26 02 | Datatec Group 03 | Westcon International Cyber security AI driving new Move towards Predictable and becoming a technology hybrid cloud increasing 04 | Logicalis International core growth refresh and
Slide 39: Logicalis Latin America
Logicalis Latin America TA LOGICALIS Architects of Change
Slide 40: Considerably improved financial performance
01 | Summary LOGICALIS LATIN AMERICA Considerably improved financial performance 02 | Datatec Group 03 | Westcon International Solid financial Good Better Improving Brazil 04 | Logicalis International results EBITDA margins and operating and performance recovery expansion lower opex net income drivi
Slide 41: Recurring gross invoiced income up 20%
01 | Summary LOGICALIS LATIN AMERICA Recurring gross invoiced income up 20% 02 | Datatec Group Total gross invoiced income Recurring gross invoiced income US$m US$m 262 261 Gross invoiced income stable; 03 | Westcon International Brazil offsetting weaker Mexico 04 | Logicalis International 121 101 R
Slide 42: Strong recovery in southern regions
01 | Summary LOGICALIS LATIN AMERICA Strong recovery in southern regions 02 | Datatec Group Gross invoiced income Reported revenue US$m US$m Revenue recovery mainly in 03 | Westcon International US$m Brazil and Chile 04 | Logicalis International 262 261 215 224 Weaker performance from Mexico and Col
Slide 43: Managed annuity services is the star performer
01 | Summary LOGICALIS LATIN AMERICA Managed annuity services is the star performer 02 | Datatec Group Gross invoiced income by segment Gross invoiced income – cloud* US$m 03 | Westcon International % $262m $261m 36% 41% 10 04 | Logicalis International + 36% 13% 7 9% 20% 19% Latin America 05 | Logic
Slide 44: Gross profit increase of 6.2%, led by Brazil
01 | Summary LOGICALIS LATIN AMERICA Gross profit increase of 6.2%, led by Brazil performance 02 | Datatec Group US$m 51 03 | Westcon International 48 Gross profit margins expanded to 23% 04 | Logicalis International Latin America 05 | Logicalis H1 FY 2025 H1 FY 2026 06 | Prospects & Outlook DATATEC
Slide 45: Significantly improved adjusted EBITDA in H1 FY26
01 | Summary LOGICALIS LATIN AMERICA A significantly improved adjusted EBITDA in H1 FY26 02 | Datatec Group US$m 03 | Westcon International 12 Strong H1 FY26 adjusted EBITDA growth, doubling to $12m 04 | Logicalis International 6 Latin America 05 | Logicalis H1 FY 2025 H1 FY 2026 06 | Prospects & Ou
Slide 46: Pleasing performance at EBITDA level as well
01 | Summary LOGICALIS LATIN AMERICA Pleasing performance at EBITDA level as well 02 | Datatec Group US$m 03 | Westcon International 12 Solid reported EBITDA growth, helped 8 by very good opex control, also to $12m 04 | Logicalis International Latin America 05 | Logicalis H1 FY 2025 H1 FY 2025 06 |
Slide 47: Excellent working capital management
01 | Summary LOGICALIS LATIN AMERICA Excellent working capital management 02 | Datatec Group Days US$m H1 FY 2025 H1 FY 2025 FY 2025 FY 2025 H1 FY 2026 H1 FY 2026 DSO improved, supported by 03 | Westcon International 171 167 more diversified customer base 157 138 124 107 04 | Logicalis 90 Internatio
Slide 48: Positioned for continued recovery and resilience
01 | Summary LOGICALIS LATIN AMERICA Positioned for continued recovery and resilience 02 | Datatec Group 03 | Westcon International Strong opex Net income Broader sales NOLA control while contribution mix with less performance 04 | Logicalis International scaling current from Chile after business im
Slide 49: Prospects and Outlook
GSS DATATEC The Digital Channels Company AUIS EAK 04 | ~ Prospects and Outlook
Slide 50: All divisions expected to deliver better performance in FY 2026
01 | Summary DATATEC GROUP 02 | Datatec Group All divisions expected to AI-ready IT and network 03 | Westcon International deliver a better financial infrastructure will become performance in FY 2026 essential for most business Robust prospects 04 | Logicalis International and Outlook Latin America
Slide 51: Thank You
Thank You www.datatec.com www.westconcomstor.com www.logicalis.com www.la.logicalis.com www.masonadvisory.com