Slide 1: Q2 FY26 Investor Presentation
Q2 FY26 Investor Presentation November 2025
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: Q2FY26 Quarter Highlights
Q2FY26 QUARTERHIGHLIGHTS © | POWERRFLEET®
Slide 5: Momentum in Profitable Growth
Momentum in Profitable Growth Sequential Revenue Services Growth AEBITDA Expansion 7.3% 12% 23% Sequential Increase in Year-on-Year Increase in Sequential increase Total Revenue Organic SaaS Growth in AEBITDA
Slide 6: Strong Q2 Results Demonstrate Momentum
STRONG Q2 RESULTS DEMONSTRATE MOMENTUM FY26 annual total revenue guidance range raised to $435-$445m from $430-$440m. Sequential product revenue increased Total revenue increased YoY Sequential gross profit increased 45% 11% 27% to $22.4M, with 640 BPS improvement to $111.7M to $62.6M in gross margi
Slide 7: Introducing Jeff Lautenbach
Introducing Jeff Lautenbach Chief Revenue Officer, Powerfleet 7
Slide 8: Q2 Sales Momentum
Q2 SALES MOMENTUM Wins & amplified revenue driven through Unity differentiated solutions and increasingly aggressive sales motion North America New Logo On-Site (In Warehouse) Fortune 500 Fortune 500 Revenue Wins Revenue Manufacturing Leader Supply Chain Leader 12% 26% 67% $3M+ $1M+ YoY Increase Seq
Slide 9: Q2 Bookings and Pipeline Momentum
Q2 BOOKINGS AND PIPELINE MOMENTUM Strong Pipeline Build Growth And Channel Progress Across Key Target Segments 21% 32% 20% 23% 23% Sequential Increase in Sequential Increase in Sequential Increase in Sequential Increase in Global Channel North America Cross-Sell AI Video Bookings Key Channels Pipeli
Slide 10: Q2 Financial Results
| Q2 FINANCIAL RESU / POWERQFLEET*/ bs mr = Innere
Slide 11: Strong SaaS Recurring Revenue Growth
STRONG SAAS RECURRING REVENUE GROWTH 12% Year-on-Year Service Revenue as % of Total Revenue Organic Service Revenue Growth 80% service revenue increased vs. 74% YoY $63.4M 80% 12% growth $56.7M 74% Q2FY25 Q2FY26 Q2FY25 Q2FY26
Slide 12: Rapid, Responsible, and Profitable Growth
RAPID, RESPONSIBLE, AND PROFITABLE GROWTH Revenue AEBITDA 45% total revenue growth year-on-year 71% increase in adjusted EBITDA year-on-year ~$112M $24.8M* $77M $14.5M Q2FY25 Q2FY26 Q2FY25 Q2FY26 *Note: The Company amended its presentation of AEBITDA to no longer include an adjustment for the recogn
Slide 13: Key Pro Forma AEBITDA Expense to Revenue Ratios
KEY PRO FORMA AEBTIDA 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 28% 77% 25% 75% 68% 64% 18% 35% 12% 32% 8% 8% Total Service Product G&A S&M
Slide 14: Net Debt to EBITDA Ratio
NET DEBT TO EBITDA RATIO: Q2 TRACKING TO A FULL TURN IMPROVEMENT IN FY26 Adjusted Net Debt increased by Major reduction of net debt in 2H’26 with a Guiding Net Debt to EBITDA to improve $14M in 1H’26 with up front investments in sharp decline in upfront investments and from ~3.4 times at year end FY
Slide 15: From Integration to Optimization
FROM INTEGRATION TO OPTIMIZATION: EFFICIENCY DRIVING AEBITDA AND GROWTH With integration complete, our focus turns to operational efficiency to expand margins and fuel reinvestment for growth. Continuing to evolve the Optimizing resource mix Integration is now organizational model to by balancing in
Slide 16: Powerfleet Investor Event 2025
Powerfleet Investor Event 2025 Unity AIoT Innovation Showcase November 14: 9am EST 16
Slide 17: Powerfleet Wins New Independent Recognition
FURTHER INDEPENDENT RECOGNITION POWERFLEET WINS NEW INDEPENDENT RECOGNITION WITH FROST & SULLIVAN 2025 NORTH AMERICA PRODUCT “Frost & Sullivan’s Product Leadership Recognition is its LEADERSHIP AWARD top honor and recognizes Powerfleet’s visionary innovation, market-leading performance, and unmatche
Slide 18: Thank You Q&A
THANK YOU &A Q POWERQFLEET® People Powered AloT
Slide 19: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations
Slide 20: 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 September 30, 2024 29250 Net loss atiributable to common stockholders $ (1,888) $ (4,288) Non-controlling interest 5 _ Preferred stoc
Slide 21: 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 ia thousands, except for %’s) Products: Product revenues Cost of products Products gross profit Inventory rationalization and other Adjusted EBITDA products gross profit ‘Products gross p
Slide 22: Reconciliation of SG&A to Non-GAAP SG&A
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING. GENFRAT. AND ADMINISTRATIVE EXPENSES (In thousands, except for %’s) Three Months Ended September 30, 2024 Total revenues S__77.018 __ Selling, general and administrative expenses Sel
Slide 23: Reconciliation of Total Debt to Adjusted Net Debt
POWERFLEET, INC. AND SUBSIDIARIES RECONCILIATION OF TOTAL DEBT TO ADJUSTED NET DEBT Total debt Less: Cash and cash equivalents Net debt Unsettled transaction costs Adjusted net debt 12-month trailing adjusted EBITDA. Adjusted net debt to adjusted EBITDA ratio (im thousands, except for ratios) March