Reunert Limited · JSE:RLO
Reunert — Investor Day (September 2026)
53 slides from Reunert's investor day presentation, Sep 2, 2026
Slide 1: Capital Markets Day 2 September 2026
OR GROWTH Capital Markets Day 2 September 2026
Slide 2: Welcome
Welcome 2
Slide 3: Agenda
09:30 – 10:00 Group Introduction 10:00 - 10:35 Foundation for growth 10:35 - 11:15 Defence super cycle 11:15 - 11:50 Full potential plan 11:50 - 12:20 Strategic transformation Agenda 12:20 - 12:55 Lighthouse projects 12:55- 13:05 Closing remarks 13:05 - 13:35 LUNCH BREAK 13:35 - 16:00 Site visit 16:
Slide 4: Our speakers for today's event
Our speakers for today's event Welcome Group introduction Foundation for growth Defence super cycle Mohini Moodley Anthonie de Beer Trevor Raman Trevor Raman PH Group Human Capital PH CEO, Reunert Applied CEO, Reunert Applied CEO, Reunert and Sustainability Electronics Segment Electronics Segment Di
Slide 5: A consolidated and experienced leadership team driving Reunert Applied Electronics
A consolidated and experienced leadership team driving Reunert Applied Electronics segment and its businesses Reunert Applied Electronics Reunert Applied Electronics Segment leadership Business unit leadership Trevor Raman Francois Steynberg Harald Belfield Segment CEO Fuchs Electronics Reutech Rada
Slide 6: Group introduction
Group introduction 6
Slide 7: 3 segments, international footprint
138 years of industrial expertise built through local people expertise and international presence 1888 1948 ~6 441 3 segments International footprint Founding Listed Employees Group- / Electrical Dedicated offices year on the JSE wide Engineering in 10 different / ICT countries across the world / Ap
Slide 8: R13.9 bn revenues with a solid balance sheet and diversified segments
R13.9 in revenues with a solid balance sheet and 3 diversified segments Expected to shift Key numbers / FY25 Core segments / FY25 with 2026 results SEGMENT REVENUE PBIT FOCUS R13,9 bn R1,5 bn 53% 31% Power cables, circuit breakers and Revenue PBIT renewable energy1 Consulting, 28% 43% connectivity
Slide 9: Our value-creation system transforms structural opportunity into shareholder value
Our strong value-creation system transforms structural opportunity into shareholder value, through disciplined capital allocation Our approach to resource allocation… … and how we create value from those resources Convert to Scale across Structural solutions 3 4 market opportunities Secure Generate
Slide 10: Three global super cycles are reshaping global demand
Three global super cycles are reshaping global demand creating new structural opportunities – together, they underwrite the Group’s next decade Today's focus Energy Transition AI and Digitalisation Defence The Age of Electricity AI moves into production Structural demand Electricity & renewables inv
Slide 11: Each segment is positioned to capture super cycle demand
Each of our segments is positioned to capture the demand surge generated by the super cycles – with Defence being the focus of today Today's focus Energy Transition AI and Digitalisation Defence Reunert Electrical Engineering’s Reunert ICT combines capabilities, Reunert Applied Electronics is built
Slide 12: Foundation for growth
Foundation for growth 12
Slide 13: Who we are
Slide 14: Largest defence company on the JSE with more than 60 years of experience
We are the largest defence company on the JSE with more than 60 years of experience in the defence industry and a wide presence across 3 continents Value proposition Key numbers The Reunert Applied 12 5 of which are international +1400 +400 of which are engineers Electronics segment Offices and Peo
Slide 15: 15
15
Slide 16: Over the last cycle, we operated with a federated model
Over the last cycle, we operated with a federated model with shared principles and objectives at segment level Reunert Applied Internationalisation Product bundling Portfolio efficiency Electronics Increased global market share Used individual products as Optimising operating Segment by establishing
Slide 17: Strong and sustained performance across all key financials
A strong and sustained performance across all key financials has proved our ability to sustain growth with an efficient capital model Key financials Sustaining drivers and rationale Absolute +18% value multiplier 2,5 2,6 Strong and sustained double-digit Revenues (R bn) x2 growth over the last 5 yea
Slide 18: Consistent business model mix and successful diversification
A consistent business model mix and successful diversification in the products sold, and in the geographies entered underpinned our performance Business model mix (R bn) Product portfolio mix (R bn) Geographical mix (R bn) 2,6 2,6 2,6 Other Other x2 Engineering x2 Weapon systems x2 Asia x2 Services
Slide 19: Capabilities consolidated across the entire value chain
Each of the three evolution trajectories helped us to consolidate capabilities across the entire value chain, thus building our foundation for future growth Design Produce Sell IP and technology development Production and industrialisation Channel development and access Customer funded Scaling-up ne
Slide 20: Ready to build on our foundation and accelerate growth
Ready to build on our foundation and accelerate growth Built on a strong heritage, with Strengthened through existing Ready for growth with proven scale across engineering, capabilities and prudent capital clear foundations and a production and customer reach allocation defined plan Strategic transf
Slide 21: Defence super cycle
Defence super cycle 21
Slide 22: A durable defence super cycle is reshaping industry dynamics
A durable defence super cycle is reshaping industry dynamics across geographies and Reunert Applied Electronics is positioned to capture it 02 Regional dynamics Regional trends and threats will shape spending and funding across markets 01 03 Global Domestic attention relevance The peace dividend is
Slide 23: Global geopolitical trends are increasing the relevance of defence
Global geopolitical trends are increasing the relevance of defence and are creating a structural demand with different capability needs from the past Return of great-power Systemic shocks Alliances competition have materialised are fragmenting Structural demand Treaty-level commitments lock in budge
Slide 24: Structural demand: a super cycle, not a spike
Structural demand / A super cycle, not a spike: demand is proven by empty stockpiles, funded by treaties, extended by platform cycles Past Now Short term Medium term Long term / Conflicts have been / National budgets are / Primes' backlog and / Asymmetric threats will / Treaty-level draining invento
Slide 25: Capability shift: the battlefield is changing
Capability shift / The battlefield is changing and a shift in the approach to electronics capabilities is required to succeed From To Electronics layer impact Battlefield Permissive Contested Resilient, hardened systems working also Spectrum only as enabler Spectrum critical to operate with denied s
Slide 26: Safety and security: defence becoming a whole-of-society effort
Safety and security / Defence is becoming a whole-of-society effort, opening an electronic-layer market beyond traditional weapons Key vulnerable sectors Main threats Electronics layer impact PHYSICAL / Asset destruction Wide-area surveillance and sensing to detect or damage and deter physical attac
Slide 27: Geographical dynamics differ but capability demand is common
The geographical dynamics differ, but the capability demand is common: sensing, air and missile defence, and resilient electronics High North Eastern Flank The melting Arctic is opening new The land border from the Baltics to routes and turning the region into Romania where a NATO war with the front
Slide 28: ~R32 tn procurement market to 2030, ~R0.7 tn addressable
The dynamics map translates into a ~R32 tn procurement market to 2030, with ~R0.7 tn addressable concentrated in three priority areas Cumulative procurement by region 1 Global (Awarded, unawarded and addressable 2) from 2026 to 2030 in R bn Priority areas with right to win Total cumulative ~32 procu
Slide 29: Demand converges on electronic capabilities
Demand converges on electronic capabilities, with every priority area growing rapidly despite differing regional threats Change-driving areas CAGR1 Key capabilities needs 2026 – 2030 High north 11% Layered air defence Air and missile defence, radar, command & control, and electroinc warfare along bo
Slide 30: Opportunity to revive the SA defence industry
An opportunity to play a leading role in reviving the SA defence industry due to critical infrastructure protection requirements and national export targets Key attributes of the Strategic lever to globally South African defence industry rebound the industry Self-controlled Localisation lever Not de
Slide 31: Built for the market the super cycle is creating
We are built built for the market the super cycle is creating Right Positioning Right Model In the right markets, We win the way the new markets with the capacity to deliver Right Capability are won What the battlefield now values is what we do Our export-oriented footprint already sits We compete a
Slide 32: Full Potential Plan
Full Potential Plan 32
Slide 33: Full potential plan relies on 5 key levers of growth
A newly defined full potential plan will rely on 5 key levers of growth Reunert Applied Electronics' long-term growth ambition (R bn) PBIT 18% 20% >20% x3 7,5 2,6 2025 A 5-7 years 5-7 years full Revenues organic ambition potential plan 01 02 03 04 05 Strongholds New market Offering Additional Inorga
Slide 34: Focused effort across specific geographies
A focused effort across specific geographies to capture new opportunities and consolidate current presence Key lever Priority plays Addressable market1 Target revenue (R bn) Selected countries 7,5 Strengthen sovereign capabilities Africa 01 KSA integrated multi-BU solution 4,5 R bn Strongholds conso
Slide 35: 03 Offering expansion
Incremental revenue through expansion into 4 strategic initiatives each with dedicated upsides 03 Offering expansion Lighthouse projects Dedicated deep dive Levers overview A B C D New product Integrated Aftersales and Critical infrastructure developments solutions technical support protection Devel
Slide 36: Offering expansion – Integrated Solutions
Counter-drone, unmanned weapon systems and vetronics as key solutions to drive offering expansion and empower our positioning 03 Offering expansion – Integrated Solutions C-UAS Unmanned weapon systems Vetronics Rationale Stage gated development to provide Standardise offering establishing key Comple
Slide 37: 05 Inorganic strategy
A strong pipeline of potential targets and a clear strategic framework will drive a thoughtful inorganic approach 05 Inorganic strategy Target scouting Key scorecard elements identified to assess relevance of acquisition +15 companies Strategic Fit Focused integration Financial discipline Built a so
Slide 38: Strategic Transformation
Strategic Transformation 38
Slide 39: Strategic pillars to support delivery of future ambition
Our foundations are solid: we have embraced 4 new strategic pillars to support the delivery of our future ambition 02 04 Investing Operating as with discipline One platform Structural investments focused Revise the channel model for end-to-end across the value chain direct end-user exposure and to s
Slide 40: Securing growth visibility: new pipeline to support backlog conversion
Securing growth visibility / Newly built strong pipeline aims to support an accelerated backlog conversion and provide confidence on long-term growth Order pipeline and revenue (R bn) Summary and drivers Pipeline Actual revenues +R36 bn Total value of current pipeline1 Delayed 7.5 orders due to rece
Slide 41: Investing with discipline: increased capital demand
Investing with discipline / Increased capital demand identified to fuel future growth, with investment end-to-end across the value chain Past Capital allocation breakdown by category… … and investment focus ~2 R&D / Additional capital provided in joint R bn Customer-funded programme development init
Slide 42: Ensuring delivery readiness: production ramp up
Ensuring delivery readiness / Production ramp up has already started across product categories, with additional objectives to be achieved Focus of today’s Ready to scale factory tour Ongoing scale up Communication Mission equipment Fuzes Radars Weapon systems Consolidated business and A strong inves
Slide 43: Operating as One Reunert Applied Electronics platform
Operating as One Reunert Applied Electronics platform / The operating model will guarantee the evolution into a coordinated growth platform Federated One Reunert Applied Electronics platform model model Over the last cycle, the model Build up of a coordinated segment layer to drive the scaling with
Slide 44: Our people strategy strengthens the talent pipeline
Operating as One Reunert Applied Electronics platform / Our people strategy strengthens the talent pipeline, builds critical skills and increases mobility as we scale Core elements of people strategy Retain and Attract Develop Plan and Mobilise 1 400 Segments’ employees 44y / Strong company culture
Slide 45: Lighthouse projects
Lighthouse projects
Slide 46: Customer success stories
Some recent successes and ongoing developments will be lighthouse projects for the next cycle, along with a new dedicated AI roadmap Customer Future success product stories enablers Product and process driven AI enablement 46
Slide 47: Customer success stories
Customer success stories Multi-Option Mortar Fuze CheetahNAV system World-leading product with direct and indirect fire applications leveraging Flagship tactical navigation system with +1 000 deliveries and localisation electronic arming track record but with IP 100% Reunert-owned A relevant force m
Slide 48: Future products enablers
Future products enablers Ground surveillance radar Unmanned weapon systems New generation of compact radar to detect and track target across domains Co-development of unmanned vessels embedded weapon systems for and guaranteeing air defence surveillance coastal surveillance and security enforcement.
Slide 49: AI integrated in processes and product development
AI has already been integrated in day-to-day processes and in product development to maximise efficiency and cutting-edge technology Accelerate and enhance existing process Become a critical enabler embedded in products Software development AI auto-tracking AI-assisted coding adds engineering capaci
Slide 50: Conclusion
Conclusion
Slide 51: Key message for each pillar discussed today
For each of the pillars discussed today there is one key message to take home 01 05 Introduction 02 04 Strategic Shifting perspective from transformation short-term performance to long-term growth Foundation for growth 03 Full potential plan We have identified constraints to be Backed by a stronger
Slide 52: September 2026 Capital Markets Day
“September 2026 Capital Maiket? ud
Slide 53: Thank you
Thank you 53