Slide 1: FY2026 Full Year Results Presentation
FY2026 FULL YEAR RESULTS PRESENTATION Built for complexity Positioned for growth June 2026 Volex plc / Built for complexity / FY2026 Full Year Results Presentation
Slide 2: Agenda
Agenda Highlights Nat Rothschild, Chief Executive Officer Market and Financial Performance Jon Boaden, Chief Financial Officer Strategic Update Nat Rothschild Summary and Outlook Nat Rothschild Q&A Volex plc / Built for complexity / FY2026 Full Year Results Presentation /2
Slide 3: Delivering ahead of plan
Delivering ahead of plan Revenue Delivered five-year plan a year early Strong growth Record revenues, double-digit $1,242.6m New medium term targets, set at our growth, led by strong Data Centre Capital Markets Day, take revenue to demand, with Off-Highway also Organic $2 billion at 12% margin. grow
Slide 4: Market and Financial Performance
MARKET AND FINANCIAL PERFORMANCE Jon Boaden Chief Financial Officer Volex plc / Built for complexity / FY2026 Full Year Results Presentation /4
Slide 5: Scale doubled, margin expanded, returns sustained
Scale doubled, margin expanded, returns sustained Revenue Underlying operating margin Return on capital employed FY26 FY26 FY26 FY25 FY25 FY25 FY24 FY24 FY24 FY23 FY23 FY23 FY22 FY22 FY22 19.2% CAGR Organic revenue growth Underlying operating profit Underlying basic earnings per share FY26 FY26 FY26
Slide 6: Diversified exposure to structurally growing, increasingly complex markets
Diversified exposure to structurally growing, increasingly complex markets A track record of reliable performance strengthened through balanced structurally growing end-markets Key markets Everyday essential Mission critical Complex Industrial Consumer Electricals EV and Electrification Off-Highway
Slide 7: EV & Electrification
EV & Electrification Group revenue Deeply embedded with advanced OEMs - we learn faster and solve engineering challenges earlier - winning new programmes and creating sustainable growth. Complex HV connectors Positioned at the frontier of electrification, solving our customers’ technology challenges
Slide 8: Off-Highway
Off-Highway Group revenue We enable the world’s hardest-working machines to perform better today and evolve into electrified, intelligent systems that define tomorrow. Agricultural Industrial With innovative solutions, including ruggedised harnesses and overmoulding, our products withstand the harsh
Slide 9: Consumer Electricals
Consumer Electricals Group revenue We’re the trusted source of power connections for the world’s best-known brands; power cords and harnesses that keep homes IT & electronics running safely and smoothly across the globe. Customers value quality and global fulfilment as much as price competitiveness.
Slide 10: Medical
Medical Group revenue We work with global medical pioneers developing technologies that change lives. From printed circuit board assembly (‘PCBa’) to Treatment complete system integration and box build, we deliver power and data connectivity that make those innovations possible and safe. Medical dev
Slide 11: Complex Industrial Technology
Complex Industrial Technology Group revenue We are trusted to support the world’s most mission-critical markets. Our technologies keep hyperscale data centres running Commercial & other without interruption, enabling the world’s leading tech companies to expand cloud, AI and computing capacity globa
Slide 12: 10% operating margins are now the baseline
10% operating margins are now the baseline +40 bps 1.0% 1.6% (0.7%) 10.2% Product mix 9.8% (1.2%) (0.3%) Greater contribution from higher-margin complex products Growth investments Continued targeted, customer-led investments to support long term growth Cost optimisation and inflation Efficiency sav
Slide 13: Cash discipline supporting medium term targets
Cash discipline supporting medium term targets Underlying EBITDA of $164m, +22% $m FY2026 FY2025 Increased revenue and margins Underlying EBITDA 163.8 134.7 Capex investment of $35m, Net capital expenditure (34.7) (45.3) 2.8% of revenue Underlying working capital (57.4) (18.2) Investment in capacity
Slide 14: Capital allocation supporting profitable growth
Capital allocation supporting profitable growth ● Strategically investing in capital infrastructure Organic to support clear customer requirements growth ~20% ● Capex typically 3–4% of revenue ● Capability-led deals that accelerate growth Targeted ROCE ● Highly selective — acquiring only at attracti
Slide 15: Strategic Update
STRATEGIC UPDATE Nat Rothschild Chief Executive Officer Volex plc / Built for complexity / FY2026 Full Year Results Presentation / 15
Slide 16: At the heart of complex systems
At the heart of complex systems Target and scale with Designed in early and there for the life of the programme. category leaders Partnerships of 20+ years. Well suited to complex, high-mix, low-volume work that Move up the complexity others find hard. Our methodology, investment and technical curve
Slide 17: Target and scale with category leaders
Target and scale with category leaders The characteristics of category leaders: Disrupting and Embedded in Scaling in markets shaping industries their markets that matter ● Industry leaders, ● Scale and technology ● Strong structural growth 14 of our top 20 not followers advantages compound drivers
Slide 18: Moving up the complexity curve
Moving up the complexity curve Complexity is accelerating. Systems are becoming harder to design, build, certify and deliver. Aligned with innovators. Supporting next generation growth creates customer lock-in. Compressed Vertically Product Intellectual New product Product Supply chain innovation in
Slide 19: Scale capability across new markets & geographies
Scale capability across new markets & geographies One consistent operating framework. Learn once, apply many times. Global footprint creates optionality When tariff landscapes shifted, Volex relocated EV cable production - customers received tariff flexibility with no disruption to quality or lead t
Slide 20: Acquire capability that accelerates organic growth
Acquire capability that accelerates organic growth Every acquisition must add a capability, a customer, or a geography. Then we connect it to the Volex platform and grow together. What we look for How it works within Volex Serving the right customers ● Embedded customer relationships Customers who v
Slide 21: The strategic path to $2bn revenue
The strategic path to $2bn revenue In April 2026, we set out our new medium term plan to deliver significant revenue growth and margin expansion. Target and scale with category leaders ~$500m organic revenue growth Move up the complexity curve in every market Scale capability across + new markets an
Slide 22: Summary and outlook
Summary and outlook Balanced portfolio driving topline growth and profitability. Strong organic Continued investment in growth of 14.2% Exceeded five-year plan capabilities. Site targets a year ahead of rationalisation undertaken Surpassed 9-10% target schedule aiding future margins margin range Med
Slide 23: Q&A
Q&A Volex plc / Built for complexity / FY2026 Full Year Results Presentation / 23
Slide 24: Appendix
Appendix Volex plc / Built for complexity / FY2026 Full Year Results Presentation / 24
Slide 25: A track record of progress
A track record of progress A track record of reliable performance differentiated and strengthened through transformation. Margin progression 2.8% → 10.2% FY17 FY26 Return on capital employed ~20% Consistently delivered Basic underlying earnings per share 1.6¢ → 43.5¢ FY17 FY26 Production sites 9 → 2
Slide 26: End-markets
End-markets EV & EV and Electrification ELECTRIFICATION COMPLEX INDUSTRIAL 15% TECHNOLOGY Off-Highway 31% Medical 22% OFF-HIGHWAY Consumer Electricals 22% 13% CONSUMER ELECTRICALS MEDICAL Complex Industrial Technology Volex plc / Built for complexity / FY2026 Full Year Results Presentation / 26
Slide 27: End-markets: EV & Electrification
End-markets CONSUMER EV & EV and Electrification ELECTRICALS ELECTRIFICATION What the world demands The value we bring ● Climate commitments ● Vertically integrated solutions ● Government subsidies ● Customised application-specific ● Increased adoption solutions ● Model variety ● Regional and countr
Slide 28: End-markets: Off-Highway
End-markets CONSUMER EV & Off-Highway ELECTRICALS ELECTRIFICATION What the world demands The value we bring ● Increased urbanisation ● Global expertise and integrated ● Global regulations around pollution, manufacturing capabilities emissions and safety ● Custom product ● Transfer of on-highway EV t
Slide 29: End-markets: Consumer Electricals
End-markets CONSUMER EV & Consumer Electricals ELECTRICALS ELECTRIFICATION What the world demands The value we bring ● Embedded AI into smartphones, ● Global manufacturing footprint to laptops, and appliances support customers ● Evolution of standalone products into ● Cost competitive products throu
Slide 30: End-markets: Medical
End-markets CONSUMER EV & Medical ELECTRICALS ELECTRIFICATION What the world demands The value we bring ● Prioritisation of technologies that ● Highly experienced manufacturer improve patient outcomes ● Fully accredited medical ● Earlier detection of medical conditions manufacturing locations ● Dema
Slide 31: End-markets: Complex Industrial Technology
End-markets CONSUMER EV & Complex Industrial Technology ELECTRICALS ELECTRIFICATION What the world demands The value we bring ● Demand for cloud computing, big data ● Integrated solutions and digital transformation ● In-house production of critical ● Next-generation cable solutions components ● Adva
Slide 32: Market growth rate sources
Market growth rate sources Each end-market growth rate is a weighted average of the sub-sectors we actually sell into, using our FY26 revenue mix as the weighting. This reflects the breadth of sub-sectors we are exposed to. Weighted Below, the bar size represent the proportion of revenue and the fig
Slide 33: Technical guidance
Technical guidance Cash Flow FY2026 FY2027 Income Statement FY2026 FY2027 Depreciation (incl. ROUA) $36.5m $35-40m Net finance costs $20.6m ~$20m ROUA depreciation $9.3m $9-10m Underlying effective tax rate2 23.6% 24-25% Working capital intensity1 36.3% ~25% Average no. of shares in issue3 186.9m 18
Slide 34: Follow us on social media
Follow us on social media Find out more at volex.com linkedin.com/company/volex/ x.com/volex Volex plc / Built for complexity / FY2026 Full Year Results Presentation / 34