Vianet Group Plc · LSE:VNET
Vianet — FY2026 Earnings Presentation
22 slides from Vianet's earnings presentation, June 2026
Slide 1: Full Year Results Presentation
FULL YEAR RESULTS PRESENTATION Year Ended 31 March 2026 JUNE 2026 James Dickson Craig Brocklehurst Sarah Bentham Chairman CEO CFO
Slide 2: Enabling customers to transform business performance
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Enabling customers to transform business performance Actionable insights, operational efficiency and recurring incomes from connected devices, payment solutions and hospitality analytics SMART MACHINES BEVERAGE METRICS UNATTENDED RETAIL DIVISION HOSPITALIT
Slide 3: Leadership succession and governance
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Leadership succession and governance Chair and CEO roles separated; full QCA Code-aligned Board structure for FY27 James Dickson Craig Brocklehurst Sarah Bentham Ch airman Ch ief E xecu tive Officer Ch ief Fin an cial Officer ■ Returned to Chair role follo
Slide 4: Strong financial progress with improved quality of earnings
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Strong financial progress with improved quality of earnings Transition from net debt to net cash, growing recurring revenues, and total dividend up 84.6% GROUP REVENUE RECURRING REVENUE G R O SS M AR G I N AD J U ST E D E B I T A £15.50m £13.60m 68% £3.61m
Slide 5: Smart Machines: deliberate focus on higher-quality recurring revenue
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Smart Machines: deliberate focus on higher-quality recurring revenue Cashless devices now 73% of installed base (FY25: 67%); divisional recurring revenue up to 81% (FY25: 75%) NE W L O N G T E R M C O N T R A C T W I N S NE W C ASH L E SS C O NNE C T I O N
Slide 6: Smart Machines mix evolution
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Smart Machines mix evolution Focus on cashless growth offsetting short term decline in telemetry-only estate KEY INSIGHTS Cashless devices growing every year. Recurring revenue % is rising rapidly as a result. Major customer free vend machine rationalisati
Slide 7: Smart Machines connections back in growth, driven by cashless
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Smart Machines connections back in growth, driven by cashless Strong cashless growth despite Covid, working-from-home, MNO 3G switch-off and economic uncertainty Cashless devices Telemetry-only 50000 43,865 45000 40000 35,955 36,133 36,083 33,900 11,046 35
Slide 8: Hospitality (Beverage Metrics) delivers strong growth
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Hospitality (Beverage Metrics) delivers strong growth Robust growth in a difficult economic environment underlines the value of our solutions I NST A L L E D B A SE T U R NO V E R R E C U R R I NG R E V E NU E BEVERAGE METRICS 9,628 £9.59m £8.84m ■ Fast Sc
Slide 9: UK Hospitality: leadership, trust and long-term relationships
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 UK Hospitality: leadership, trust and long-term relationships Focused solutions are driving sector-wide engagement and recurring revenue visibility C. 41,000 UK PUB MARKET ROBUST BASE: 9,628 VENUES BEVERAGE METRICS OPPORTUNITY ■ Managed & Independent pub m
Slide 10: US Hospitality: clear path to profitability with significant addressable market
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 US Hospitality: clear path to profitability with significant addressable market Fintech partnership and contract wins accelerating momentum towards being a strategic growth pillar COMMERCIAL TRACTION ■ Loss reduced from £385k to £243k ■ Major new enterpris
Slide 11: Substantial US addressable market: 382,000 venues across four segments
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Substantial US addressable market: 382,000 venues across four segments Initial focus on c. 39,000 multi-site operators in fast-casual restaurant chains and hotel groups I N I T I A L T A R G E T : 39,000 large-chain restaurants - 9 of 10 of Vianet's existi
Slide 12: Group ahead on key underlying measures
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Group ahead on key underlying measures Continued growth in pre-exceptional earnings; statutory measures reflect higher one-off charges FY24 FY25 FY26 YoY NOTES TO TABLE Turnover (£'000) 15,176 15,266 15,497 +1.5% (a) Exceptional items Gross Profit (£'000)
Slide 13: Underlying profitability continues to grow
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Underlying profitability continues to grow Pre-exceptional PBT up 40% over two years; statutory measures reflect higher one-off exceptional charges KEY MESSAGE: Underlying earnings momentum is strong. The FY26 statutory measures reflect £470k of one-off ex
Slide 14: Consistently high recurring revenue strengthening in both divisions
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Consistently high recurring revenue strengthening in both divisions Group benefits from long-term contracts, high retention, strong visibility and increasing earnings quality FY24 (£'000) FY25 (£'000) FY26 (£'000) KEY OBSERVATIONS Hospitality Machines Hosp
Slide 15: Strong cash conversion funding growth and shareholder returns
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Strong cash conversion funding growth and shareholder returns 96% EBITDA cash conversion; transition to net cash balance sheet supports continued investment Cash Flow FY24 FY25 FY26 NOTES Operating Profit 1,060 1,031 818 Depreciation 544 541 608 (a) Tax re
Slide 16: Strong balance sheet supporting growth ambitions
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Strong balance sheet supporting growth ambitions Net cash transition complete; HSBC facilities refinanced with appropriate headroom Balance Sheet (£'000) Mar 2024 Mar 2025 Mar 2026 HSBC REFINANCING Fixed Assets 27,067 26,488 25,745 Intangible 23,740 23,109
Slide 17: Capital allocation framework
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Capital allocation framework Disciplined deployment of c. £4m annual operating cash to support sustained growth and shareholder returns REINVEST DEBT REPAYMENT 3 DIVIDEND 4 OPPORTUNISTIC 1 2 c. 50% Maintain net cash Progressive As suitable Capex and capita
Slide 18: Total dividend up 84.6%; progressive dividend policy with 5% yield ambition
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Total dividend up 84.6%; progressive dividend policy with 5% yield ambition Reflects the Board’s confidence is the sustainability of earnings and cash flows FY26 DIVIDEND Interim dividend 0.40p (FY25: 0.30p) Proposed final dividend 2.00p (FY25: 1.00p) Tota
Slide 19: Well positioned to deliver sustained growth
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Well positioned to deliver sustained growth Excellent foundations to accelerate business growth across both divisions and develop third pillar of growth in U.S.A. GROWING RECURRING REVENUE NET CASH BALANCE SHEET SOLUTIONS ALIGNED TO UK OPPORTUNITY 88% of G
Slide 20: Group strategic priorities for FY27
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Group strategic priorities for FY27 Building on FY26 foundations to accelerate growth across both divisions SMART MACHINES BEVERAGE METRICS ■ Expand cashless payment device footprint ■ UK hospitality contract wins outside L&T sector ■ Lead the way on telem
Slide 21: Investment case summary
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Investment case summary Recurring revenue compounder with net cash, growing dividend and material US optionality 01 02 03 HIGH-QUALITY RECURRING REVENUE NET CASH BALANCE SHEET PROGRESSIVE DIVIDEND 88% £0.44m +84.6% of Group revenue is recurring net cash po
Slide 22: Questions?
VIANET GROUP PLC | FULL YEAR RESULTS FY2026 Questions? Thank you For investor enquiries: Cavendish Capital Markets Limited - Nominated Adviser and Joint Broker 26 / 27