Slide 1: Acquisition of GDT and FY2026 trading update
Acquisition of GDT and FY2026 trading update Significantly enhancing Softcat's global relevance 17 September 2026
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION, ITS CONTENTS AND ANY INFORMATION PROVIDED AT THIS PRESENTATION ARE STRICTLY CONFIDENTIAL AND ARE FOR INFORMATION PURPOSES ONLY AND MUST NOT BE RELIED UPON FOR ANY PURPOSE. YOU MUST NOT VIDEOTAPE, RECORD, COPY, DOWNLOAD, DISTRIBUTE OR OTHERWISE ATTEMPT TO REPRODUCE, DISC
Slide 3: Disclaimer
Disclaimer South Africa. This presentation, does not constitute, advertise or relate to an offer to the public (as defined in the South African Companies Act, No 71 of 2008, as amended, together with the South African Companies Regulations of 2011 (the “South African Companies Act”)) for the sale of
Slide 4: Executive summary
Executive summary • Softcat to acquire GDT, a leading US-based, multi-vendor IT solutions provider, serving upper mid-market and enterprise customers • In line with Softcat’s stated strategy of seeking to extend its capabilities in the US for the right opportunity • GDT’s meaningful scale and comple
Slide 5: Accelerating progress against our existing strategic framework
Accelerating progress against our existing strategic framework WHY we exist A special place to work that will always put our people and culture first WHAT we do WHO we do it for WHERE we do it HOW we do it Modernise, optimise and SMB to enterprise In the UK, Ireland, the US and Easy to work with, so
Slide 6: About GDT
About GDT Accelerating our strategy from a position of strength
Slide 7: GDT – at-a-glance
GDT – at-a-glance Business overview Gross profit ($m)2 Headquarters: Dallas, TX Founded: 1996 c.$240 • A leading, multi-vendor data centre and networking $215 $185 $184 solutions provider, serving 6921 upper-mid market and enterprise customers across the US • Strong heritage in telecoms networking i
Slide 8: Technical depth. Customer strength. Partner excellence
Technical depth. Customer strength. Partner excellence Technology offering Customers Partners Deep technical expertise Leading brands Strategic OEM relationships End-to-end solutions spanning Loyal upper mid-market and advisory, architecture, enterprise customer base implementation and management Ne
Slide 9: GDT – key strengths
GDT – key strengths Highly capable leadership team and cultural alignment Proven, long-standing and scaled US operations with exposure to AI-related networking and data centre market growth Established upper mid-market and enterprise customer base GDT Cisco Preferred Partner status across Cloud and
Slide 10: Softcat and GDT: A powerful combination
Softcat and GDT A powerful combination
Slide 11: Multiple routes to value creation
Multiple routes to value creation A global platform and shared A stronger Softcat A stronger GDT growth ambition • UKI customers benefit from • Access to Softcat vendor • Enhanced offering aligned to stronger global fulfilment relationships today’s complex IT capabilities • Opportunity to upsell a e
Slide 12: A stronger Softcat
A stronger Softcat GDT brings expanded global fulfilment and a highly complementary product and service capability Credible US fulfilment for UKI customers with Enhanced vendor international relationships requirements An enhanced services Deeper infrastructure proposition and networking capability S
Slide 13: A stronger GDT
A stronger GDT Softcat brings a broader technology and service proposition, significant UKI scale and wider international delivery capabilities A broadened GDT proposition GDT gain access to Softcat’s strategic OEM • Softcat’s portfolio know-how will support and accelerate GDT’s partners evolution i
Slide 14: A global platform and shared growth ambition
A global platform and shared growth ambition Expanded solutions and delivery capabilities and a global service platform • Expansion of cross-selling capabilities and enhanced service proposition for both Small Public Sector firms businesses Manufacturing Financial Services • Greater exposure to cust
Slide 15: Mature and scalable operations in Bengaluru
Mature and scalable operations in Bengaluru A scaled and mature operation with access to global talent and enhanced service capability Directly integrated as part of operating Integrated operations strategy, embedded across services, engineering and business support teams Existing team of 232 employ
Slide 16: Strong alignment based on people focus and customer service
Strong alignment based on people focus and customer service • GDT’s proven leadership team has an ethos closely aligned with Softcat and brings decades of US industry experience across technology, services and strategy • Leadership team and operating structure will be retained GDT “Delivers carrier
Slide 17: Strong growth and returns expected in FY26
Strong growth and returns expected in FY26 underpinned by current trading GDT – key financials Benefits of the combination 1, 2, 3 Softcat standalone Softcat + GDT c.$240m c.$78m H1 FY2026 GII H1 FY2026 GII Gross Profit Operating Profit 31% 37% 26% By technology (Dec-26E) (Dec-26E) 36% 32% 38% c.$80
Slide 18: Transaction summary and financing overview
Transaction summary and financing overview
Slide 19: Transaction structure and key details
Transaction structure and key details Key information Transaction • Confirmed purchase price of $1,050m / c.£785m1 for an all-cash acquisition summary • GDT acquired on a cash and debt free basis with normalised level of net working capital • Cash consideration financed via: • Cash on balance sheet
Slide 20: FY2026 trading update
FY2026 trading update
Slide 21: FY2026 trading update
FY2026 trading update • Softcat continued to trade well during the fourth quarter, delivering broad- based growth across technology areas and customer segments • As a result, the Board now expects to deliver high-teens growth in full year underlying operating profit, up from mid-teens previously, wi
Slide 22: Summary
Summary Carefully Highly Acting from a researched complementary position of businesses with acquisition, strength to expand shared consistent with in-demand management existing strategy capabilities ethos Softcat plc Acquisition of GDT and FY2026 trading update 22
Slide 23: Acquisition of GDT and FY2026 trading update Q&A
Acquisition of GDT and Q&A FY2026 trading update 23
Slide 24: Appendix
Appendix
Slide 25: Key terms of the proposed placing
Key terms of the proposed placing Issuer Softcat plc (the “Company”) Security Type Ordinary shares Structure Non-pre-emptive placing Offering Size Approximately £350m / 9.6% ISC1 Joint Global Coordinators J.P. Morgan Cazenove and Peel Hunt Listing Venue London Stock Exchange (Main Market) Retail Off
Slide 26: GDT – summary financials (US GAAP)
GDT – summary financials (US GAAP)1 $m Dec-24 Dec-25 Jul-26 ytd2 Dec-26E Gross Invoiced Income (GII) 1,142 1,113 899 % growth n/a (3%) n.a Gross Profit (reported) 185 184 147 c.240 % growth (7%) 0% c.30% c.30% Gross Profit margin 16.2% 16.6% 16.4% Adjusted EBITDA 41 44 50 c.80 % Gross Profit 22.2% 2
Slide 27: GDT – locations
GDT – locations Well-established US operations supported by Bengaluru presence, enabling the delivery of continuous 24/7 customer service Total employee split India 27% 850+ GDT (HQ) Innovation Campus Employees1 Logistics & distribution 300K+ square-foot climate-controlled warehouse US Customer-
Slide 28: GDT brings an experienced and culturally aligned leadership team
GDT brings an experienced and culturally aligned leadership team Shawn O’Grady Chair and Chief Executive Officer Dan Mosley Chief Revenue Officer Suzanne Becker Gallagher Chief Strategy Officer Fachtna Keohane Chief Financial Officer Jeffrey Bannister EVP Enterprise Services Dave Arcemont Chief Peop
Slide 29: Find out more www.softcat.com
Find out more www.softcat.com