Slide 1: Dialight Interim Results FY26 Investor Presentation
DIALIGHT I N T E R I M R E S U LT S F Y 2 6 I N V E S TO R P R E S E N TAT I O N
Slide 2: FY26 H1 Executive Summary
FY26 H1 EXECUTIVE SUMMARY H1 PROGRESS: • U N D E R LY I N G P R O F I T A N D C A S H G E N E R AT I O N C O N T I N U E S T O I M P R O V E , E N A B L I N G E A R LY S E T T L E M E N T W I T H S A N M I N A • T H E G R O U P C O N T I N U E S T O N AV I G AT E T H E C U R R E N T M A C R O E C O
Slide 3: Key Strengths of the Business
KEY STRENGTHS OF THE BUSINESS Premium product with strong brand awareness in our core markets – appreciated by our customer base Our industry leading 10-year warranty is based on our low maintenance mechanical design Our in-house power supplies offer protection against environmental contaminants and
Slide 4: Transformation Plan Recap
T R A N S F O R M AT I O N P L A N R E C A P Transformation focused around 5 key pillars: 1. WINNING 2. SALES 3. OPERATIONS 4. MARGIN 5. CREATING A HEARTS & MINDS TRANSFORMATION TRANSFORMATION IMPROVEMENT & PLATFORM FOR CASH GENERATION FUTURE GROWTH Engaging the Feed the A well-oiled Cost control /
Slide 5: H2 Outlook
H2 OUTLOOK • For the second half of our financial year, we expect to deliver strong and tangible progress from the Transformation Plan, which will conclude at the end of March 2026. • Our focus is on making accelerated progress on our Sales transformation and generating growth in Lighting, despite t
Slide 6: Financial Review
FINANCIAL REVIEW MARK FRYER 6 Interim Results FY26
Slide 7: Summary
SUMMARY UNDERLYING OPERATING PROFIT STRONGLY AHEAD OF BOTH FY25 H1 AND FY25 H2 REVENUE PERFORMANCE UNFAVOURABLE AGAINST THE SAME PERIOD LAST YEAR FOCUS ON HIGHER MARGIN PRODUCTS COST BASE TIGHTLY CONTROLLED OPERATING PROFIT INCLUDES $2.9M OF EMPLOYEE RETENTION CREDITS (ONE-OFF) SIGNIFICANT REDUCTION
Slide 8: Income Statement
I N C O M E S TAT E M E N T FY26 H1 FY25 H1 6-month period 6-month period ending 30 ending 30 September 2025 September 2024 $m $m Revenue 86.4 90.3 Cost of sales (55.9) (60.5) Underlying gross profit 30.5 29.8 Gross margin % 35.3% 33.0% Underlying overheads (25.0) (28.9) Underlying operating profit
Slide 9: Historical Half-Year Performance
HISTORICAL HALF-YEAR PERFORMANCE 120.0 40.0% 38.1% 35.3% 35.0% 100.0 33.0% 32.3% 30.7% 28.5% 30.0% 80.0 25.0% 60.0 97.2 20.0% 91.0 91.1 90.3 93.2 86.4 40.0 15.0% 20.0 10.0% 5.5 (0.4) 3.3 (2.5) 0.7 0.9 0.0 5.0% FY23 H2 FY24 H1 FY24 H2 FY25 H1 FY25 H2 FY26 H1 Revenue $m Underlying operating profit/(lo
Slide 10: Income Statement (12-Month Rolling)
I N C O M E S TAT E M E N T ( 1 2 M O N T H R O L L I N G ) 12-month period 12-month period ending 30 ending 30 September 2025 September 2024 $m $m Revenue 179.6 181.4 Cost of sales (113.6) (122.2) Underlying gross profit 66.0 59.2 Gross margin % 36.7% 32.6% Underlying overheads (57.2) (57.6) Underl
Slide 11: Non-Underlying Benefits / (Costs)
N O N - U N D E R LY I N G B E N E F I T S / ( C O S T S ) 6-month period 6-month period ending 30 ending 30 September 2025 September 2024 $m $m Description ERCs 2.9 - Employee retention credits Costs not considered part of the underlying Transformation Plan (1.3) (3.1) performance of the business L
Slide 12: Balance Sheet
BALANCE SHEET 30 30 31 September 2025 September 2024 March 2025 Sum m a r y: $m $m $m Assets • Inventory reduction of $10.8m; further Property, plant and equipment 12.9 14.3 13.5 progress expected in H2 Right-of-use assets 7.9 9.6 9.0 Intangibles assets 9.6 8.4 9.0 Deferred tax assets 7.8 8.3 8.5 •
Slide 13: Cashflow
CASHFLOW Net bank debt $m $m Opening balance at 1 April 2025 (audited) (17.8) Underlying EBITDA 9.6 Share-based payments 0.3 Decrease in inventories 10.8 Decrease in trade and other receivables 5.2 Decrease in trade and other payables (excluding. $0.6m non-underlying) (9.3) Provisions and pensions (
Slide 14: Medium Term Ambition
MEDIUM TERM AMBITION 2012 September 2025 3-5 YEAR AMBITION Revenue growth 12.3% Revenue decline (vs FY25 H1) -4.3% Revenue growth 3-5% Underlying gross margin 39.2% Underlying gross margin 35.3% Underlying gross margin 45.0% Underlying EBITDA margin 20% Underlying EBITDA margin 11.1% Underlying EBIT
Slide 15: Disclaimer
DISCLAIMER This presentation has been prepared by Dialight plc (‘Dialight’ or ‘the Company’ or ‘the Group’) and has not been independently verified. Dialight is solely responsible for the contents of this document and has taken all reasonable care to ensure that the facts stated herein are true and