Slide 1: Final Results Presentation for the Year Ended 31 March
wll ( Invicta HOLDINGS LIMITED Strategic growth, with a global vision. | A ee FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 31 MARCH
Slide 2: Disclaimer
i I ° nvicta The information contained in this presentation may differ from the financial information pertaining to the audited HOLDINGS LIMITED financial results of Invicta Holdings Limited “Invicta’, as published on SENS in terms of the JSE Listings Requirements. Certain performance measures may b
Slide 3: Table of Contents
O ricta HOLDINGS LIMITED Welcome Table of Contents WMI Ld Welcome & Introduction Page 04 Who We Are Page 05 The Year at a Glance Page 07 Notable Achievements Page 08 Group Financial Overview Page 25 Operational Segment Review Page 54 Key Developments and Transactions Page 56 Prospects and Strategy w
Slide 4: Who We Are
Invicta HOLDINGS LIMITED lr tion Who We Are Invicta distributes earthmoving, industrial, automotive, and agricultural products, often exclusively, which are always available and overlaid with a technical and service solution. We add value through our distribution chain, product availability and by p
Slide 5: The Year at a Glance: Global Impacts
O ne icta HOLDINGS LIMITED Introduction The Year at a Glance Global Impacts: + Lifting of Covid restrictions in China + War in Ukraine + Increased inflation * Increased interest rates Vda INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 21 March
Slide 6: The Year at a Glance: South African Impacts
O ne icta HOLDINGS LIMITED Introduction The Year at a Glance South African Impacts: + Floods in KZN + Loadshedding + Water shortages Volatility in currencies Supply chain challenges INVICTA HOLDINGS LIMITED | 2023 Fi nal Results Preser ‘or The Year Ended 31 March
Slide 7: Notable Achievements for the Year
1 ° Invicta HOLDINGS LIMITED Introduction OO ee—SCSCSCSCis Notable | | - | . . . . Achievements for Headline Earnings: We increased sustainable Headline Earnings per share attributable to ordinary shareholders by 33% to 464 cents the Year Kian Ann Group: Kian Ann Group contribution to sustainable He
Slide 8: Group Financial Overview
Invicta HOLDINGS LIMITED Group Financial Overview For The Year Ended 31 March 2023 INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 March
Slide 9: Group Financial Overview: Company Descriptions
¥ Company Descripti cations Invicta Replacement parts, . TolninGs LIMITED services and solutions Distributor of parts for earthmoving equipment and ture al - i i engines. ; ; ; Earthmoving equipment Ie} ‘America Group Financial Overview ("RPE") ries ee Kian Ann Group Distributor and manufacturer of
Slide 10: Group Sustainable Operating Profit
1 ° Invicta HOLDINGS LIMITED Group Financial Overview R'000 eel 2022 Group Sustainable Operating profit before net fin income on financing transactions and FX as reported 649 299 670 648 Operating Profit es , a | Add back: Amortisation of Purchase Price Allocation intangible assets 2878 695 202 eg c
Slide 11: Kian Ann Group Contribution to Sustainable Headline Earnings
1 ° Invicta HOLDINGS LIMITED Group Financial Overview R'000 ees 2022 Kian Ann Group Profit from discontinued operations - 385330 Contribution to , , % 7 Add: Equity accounted earnings 152 851 101887 Sustainable Headline 52186 Earnings Adjusted for the IVT Group share of the following net of tax: e02
Slide 12: Group Sustainable Headline Earnings
Invicta HOLDINGS LIMITED Group Financial Overview R'000 ae 2022 Group Sustainable Headline earnings 497082 356285 Headline Earnings 2023 vs 2022 Adjusted for the following net of tax: Add back: Amortisation of Purchase Price Allocation intangible assets 14979 8355 ("PPA assets") KKB, MIH Group and K
Slide 13: Group Sustainable Results at a Glance
O a HOLDINGS LIMITED Group Financial Overview Group Sustainable Results at a Glance EEL Operating profit* HEPS’* NAV per ordinary share Before net finance income and forex 7% tT 33% | 23% to R647 million to 464 cents to R46.34 *Adjusted sustainable * Headline earnings per share has been calculated b
Slide 14: Statement of Comprehensive Income (Extract)
Invicta HOLDINGS LIMITED Group Financial Overview Statement of Comprehensive Income (Extract) Vdd ddd R'000 2022 % Continuing operations Revenue 7769 948 7188991 8% Cost of sales (5 246 005) (4 981775) 5% Gross profit 2523943 2207216 14% 32% 31% Selling, administration and distribution costs (187464
Slide 15: Statement of Comprehensive Income (Extract) continued
O tebicta HOLDINGS LIMITED Group Financial Overview Statement of Comprehensive Income (Extract) Uda R'000 Finance income Finance cost Share of profits from associates Share of profits from joint venture Profit before taxation Effective Tax Rate Taxation Net profit for the year from cont. operations
Slide 16: Statement of Financial Position: Assets
1 Invicta R'000 _ 2022 HOLDINGS LIMITED Assets . . . Property, plant and equipment (incl invest prop) 1139 610 1164779 Group Financial Overview IFRS36 - Right of use asset 248 989 220751 Statement of Derivatives 1262 11008 i 7 oy Oe Investments in associates 67747 50 636 Financial Position: Investme
Slide 17: Reconciliation of Kian Ann Investment Carrying Value
1 ° Invicta HOLDINGS LIMITED Group Financial Overview ete: R'000 Reconciliation of } R00 | Kian Ann Investment Investment in Kian Ann balance at 31 March 2022 1298 853 Carrying Val pupd.Na ue Share of profit, net of taxation 152.851 Foreign currency translation 319 626 Dividends declared (83 893) In
Slide 18: Statement of Financial Position: Assets (cont.)
1 Invicta R'000 | 2022 HOLDINGS LIMITED Assets . . . Property, plant and equipment (incl invest prop) 1139 610 1164779 Group Financial Overview IFRS16 - Right of use asset 248 989 220751 Statement of Derivatives 11262 11008 . 4 ry ee Investments in associates 67747 50 636 Financial Position: Investm
Slide 19: Inventory
° Invicta R’000 Gross value Provision Net value HOLDINGS LIMITED RPE Mar 23 506 284 38 014 468 270 Group Financial Overview Mar 22 403 292 25 652 377 640 Inventory RPI = Mar 23 2127 686 353.555: 1774131 Mar 22 1979 604 327 758 1651 846 RPA Mar 23 251 472 27 622 223 850 Mar 22 237 731 36 622 201 109
Slide 20: Statement of Financial Position: Assets (cont.)
O ne icta HOLDINGS LIMITED Group Financial Overview Statement of Financial Position: Assets (cont.) ddd R’000 | 2022 Assets Property, plant and equipment (incl invest prop) 1139 610 1164779 IFRS16 - Right of use asset 248 989 220751 Derivatives 1262 11008 Investments in associates 67 747 50 636 Inve
Slide 21: Statement of Financial Position: Equity & Liabilities
1 Invicta R’'000 Ez 2022 HOLDINGS LIMITED Shareholders’ equity 5339135 4692 685 G Fi ialO . Long-term borrowings 1196 819 976 959 LOUp-Einanelal OVEMview Finance lease liabilities 24990 22 201 Statement of IFRS 16 - Lease liabilities 222 605 201457 a 7 ay ee Long-term employee provision 32 558 - Fin
Slide 22: Total Net-Interest Bearing Debt
Invicta HOLDINGS LIMITED Group Financial Overview Total Net-Interest Bearing Debt Mar 2023 vs Mar 2022 WML ddd dd R'o0o | 2028] 2022 Borrowings and finance lease liabilities long-term Borrowings and finance lease liabilities short-term Cash Overdraft Net debt excluding IFS 16 IFRS 16 ROU lease liabi
Slide 23: Bank Covenants
Invicta HOLDINGS LIMITED Group Financial Overview Bank Covenants 31 March 2023 We Have Complied With Our Covenants Covenants 1 Net Debt to EBITDA Ratio 2 Interest Cover Ratio WMI dd dd Requirement Achieved 3.0< 1.10 3.5> 10.31 INVICTA HOLDINGS LIMITED | 2025 Final Results Presentation For The Year E
Slide 24: Cash Flow Statement
O ne icta HOLDINGS LIMITED Group Financial Overview Cash Flow Statement Mar 2023 vs Mar 2022 R'000 | 2028 | 2022 Cash flows from operating activities Cash generated from operations Net finance costs Net dividends paid Tax paid Net cash inflow from operating activities Cash flows from investing activ
Slide 25: Operational Segment Review
Invicta HOLDINGS LIMITED Operational Segment Review For The Year Ended 31 March 2023 INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 March
Slide 26: Replacements Parts Earthmoving
MM ddd t Invicta HOLDINGS LIMITED Replacements Parts Earthmoving Replacement parts, services & solutions INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 Marc!
Slide 27: Results Summary
1 Invicta HOLDINGS LIMITED Operational Segment Review Results Summary 31 March 2023, KMPBRAND 1000 750 500 250 Revenue (R'm) 986 S47 ? 80% 392 Mar 2021 Mar 2022 Mar 2023 Net Operating Assets (Rm) 588 452 161 Mar 2021 Mar 2022 Mar 2023 Sustainable Operating Profit (R'm) 108 110 83 67 55 65 T 61% 28 M
Slide 28: Sustainable Operating Profit
1 HOLDINGS LIMITED 120 Operational Segment Review Results Summary 31 March 2023 100 20 LL Sustainable Operating Profit Invicta em Segment operating profit at 31 March 2023 Ss 108 ———— 3 IFRS 16 Interest Paid Amortisation of PPA Assets Sustainable operating profit at 31 March 2023 INVICTA HOLDINGS LI
Slide 29: Revenue Contribution
O ricta HOLDINGS LIMITED By Market Segment Operational Segment Review Revenue Contribution 31 March 2023 15% 85% @ Earthmoving @ Agriculture WMUMMIMMIM Md dd dd da INVICTA HOLDINGS LIMITED | 202 By Revenue Stream 100% @ Spare Parts inal Results Presentation For The Year Ended 31 March 29
Slide 30: Outlook
O ricta HOLDINGS LIMITED Operational Segment Review Outlook 31 March 2023 General: + Market demand improving locally and globally. Working capital levels have increased to provide better service levels. + Future growth opportunities promising in various markets serviced. Final Results Presentation F
Slide 31: Kian Ann Group
t Invicta HOLDINGS LIMITED Kian Ann Group Heavy Machinery & Diesel Engine Parts Kian ANN ENGINEERING PTE LTD 4 The Trusted Name In Heavy Machinery And Diesel Engine Parts INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For
Slide 32: Results Summary
Revenue Sustainable Operating Profit before forex ¥ (s$m (s$m) ° Invicta wa 21 0 ss HOLDINGS LIMITED cy 225 30 Operational Segment Review #4 #0 2 16% oa » 47% Results Summary " 31 March 2023 * » ” Mar 2021 Mar 2022 Mar 2023 Mar 2021 Mar 2022 Mar 2023 Net Operating Assets Return on Net Operating Asse
Slide 33: Sustainable Operating Profit
¥ Sustainable Operating Profit (s$m) Invicta HOLDINGS LIMITED ar ; - 2 36 Operational Segment Review Results Summary 31 March 2023 i 2 33 3 29 Segment operating profit Loss on disposal of investment Amortisation of PPA Assets Sustainable operating profit at 31 March 2023 at 31 March 2023 “UM diddddd
Slide 34: Revenue Contribution by Revenue Stream and Market Segment
i Invicta By Revenue Stream By Market Segment HOLDINGS LIMITED Operational Segment Review 15% am 2% Revenue Contribution 3% o8 31 March 2023 & ANN ENGINEERING Pte Lrp Name In Henry Machinery Ae Die nga 85% 86% m@ Heavy Machinery m™ Automotive General Trading m™ Agriculture & Forestry & Mining @ Manu
Slide 35: Revenue Contribution by Country
O ricta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 31 March 2023 VM ddd By Country B® Non-Asia Countries mi Other Asian Countries ® United States 3 6% 13% @ Indonesia ou 23% ® Singapore @ Malaysia INVICTA HOLDINGS LIMITED | 202: lm China @ Other ASEAN Countries ssentation For T
Slide 36: Outlook
1 Invicta HOLDINGS LIMITED Operational Segment Review Outlook 31 March 2023 General: Despite stronger financial performance for FY2023 as compared to FY2022, demand from Q4 FY2023 started to decline across all units. The outlook for FY2024 will remain challenging due to slower global demand for our
Slide 37: Replacements Parts Industrial
I. Invicta HOLDINGS LIMITED Replacements Parts Industrial Replacement parts, services & solutions INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 March
Slide 38: Results Summary
Revenue ¥ (Rm ° Invicta sono ans HOLDINGS LIMITED 4500 4093 pe Operational Segment Review ? 8% 3000 Results Summary 31 March 2023 1809 Mar 2021 Mar 2022 Mar 2023 Net Operating Assets (Rm) 2000 1842 1707 1675 1500 1000 500 oe Mar 2021 Mar 2022 Mar 2023 UMM dddddddddddddddddddda Sustainable Operating
Slide 39: Sustainable Operating Profit
1 ° Invicta HOLDINGS LIMITED 450 Operational Segment Review Results Summary 315 31 March 2023 150 75 WM hdd dd lb Sustainable Operating Profit (R'm) 369 37 -62 Segment operating profit IFRS 16 Interest Paid Sustainable operating profit at 31 March 2023 at 31 March 2023 Y INVICTA HOLDINGS LIMITED | 2
Slide 40: Revenue Contribution by Revenue Stream
O ricta HOLDINGS LIMITED By Revenue Stream Operational Segment Review m Consumables mm Engineering VMI ddd dd Revenue Contribution 19.9% | 31 March 2023 42% 58% By Market Segment 0,1% @ South Africa @ Africa lm Other INVICTA HOLDINGS LIMITED | 2023 Final Results Pr For The Year Ended 21 March 40
Slide 41: Revenue Contribution by Sector
i By Sector Invicta HOLDINGS LIMITED Operational Segment Review 7% Revenue Contribution 31 March 2023 8% 8% 22% 15% @ Other m@ Industry ® Cash Sales m Automotive & Transport Construction @ Parastatals Oil & Gas & Mining @ Agriculture ™@ Food &Beverage m™ Projects & Consultants Presentation For The Y
Slide 42: Outlook
O ricta HOLDINGS LIMITED Operational Segment Review Outlook 31 March 2023 General: Healthy order book, especially in engineered items. Geographical expansion outside of South Africa remains a primary focus. There will be a continued focus on maintaining our traditional margins and strong working cap
Slide 43: Replacements Parts Auto-Agri
“MMe I. Invicta HOLDINGS LIMITED Replacements Parts Auto-Agri Replacement parts, services & solutions RP& INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 March
Slide 44: Results Summary
1 Invicta HOLDINGS LIMITED Operational Segment Review Results Summary 31 March 2023, Revenue (Rim) 600 518 551 aso 438 300 o 150 Mar 2021 Mar 2022 Mar 2023 Net Operating Assets (Rm) 400 = 300 271 259 200 100 Mar 2021 Mar 2022 Mar 2023 UME MM Sustainable Operating Profit before forex (R'm) 120 ™ n” 9
Slide 45: Sustainable Operating Profit
O ricta HOLDINGS LIMITED Operational Segment Review Results Summary 31 March 2023 120 100 WM dd do Sustainable Operating Profit (Rm) 15 am Segment operating profit at 31 March 2023, -4 IFRS 16 Interest Paid ‘Sustainable operating profit at 31 March 2023 INVICTA HOLDINGS LIMITED | 2023 Final Results
Slide 46: Revenue Contribution by Revenue Stream
O ricta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 31 March 2023 By Revenue Stream 3% lm Consumables WMI tb m Engineering 97% By Market Segment @ South Africa m Europe INVICTA HOLDINGS LIMITED | inal Results Presentation For The Year Ended 31 March 46
Slide 47: Revenue Contribution by Sector
i By Sector Invicta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 31 March 2023 RP Mdddddddddddddddddda ® Automotive & Transport ® Agriculture 82% gw Industry @ Mining INVICTA HOLDINGS LIMITED | 2023 ®™ Construction Final Results Presentation For The Year Ended 31 March 47
Slide 48: Outlook
O ricta HOLDINGS LIMITED Operational Segment Review Outlook 31 March 2023 The group restructure of the RPA businesses in South Africa is complete South Africa: and the synergies continue to been realised, Well positioned to support our customers going forward, due to our good Inventory: inventory ho
Slide 49: Capital Equipment
Invicta HOLDINGS LIMITED Capital Equipment Capital Equipment & Related Parts & Services CEKas INVICTA HOLDINGS LIMITED | 2023 Final Results resentation For The Year Ended 31 March
Slide 50: Results Summary
1 Invicta HOLDINGS LIMITED Operational Segment Review Results Summary 31 March 2023 MAM ddd Revenue (Rim) 1100 1062 1058 1050 1000 “ 950 909 Mar 2021 Mar 2022 Mar 2023 Net Operating Assets (Rm) aso “7 384 339 323 215 108 Mar 2021 Mar 2022 Mar 2023 Sustainable Operating Profit (R'm) 2 90 81 L 28% Mar
Slide 51: Sustainable Operating Profit
O ricta HOLDINGS LIMITED Operational Segment Review Results Summary 31 March 2023 90 80 70 60 50 40 Sustainable Operating Profit (Rim) WMI MM dh bd dd do 84 81 3 Segment operating profit IFRS 16 Interest Paid Sustainable operating profit at 31 March 2023 at 31 March 2023 INVICTA HOLDINGS LIMITED | 2
Slide 52: Revenue Contribution by Revenue Stream
O ricta HOLDINGS LIMITED Operational Segment Review Revenue Contribution 31 March 2023 By Revenue Stream 19% 66% @ Equipment m@ Rental m Spare Parts m@ Service UMddddéddddda 23% By Market Segment 77% @ Earthmoving @ Material Handling INVICTA HOLDINGS LIMITED | 202 nal Results Presentation For The Ye
Slide 53: Outlook
O ricta HOLDINGS LIMITED Operational Segment Review Outlook Demand for spare parts continues to increase as a result of the equipment lives being extended due to high replacement costs and low stock availability. General: Mining continues to lead the way in demand for larger capital equipment. We re
Slide 54: Key Developments & Transactions
Invicta HOLDINGS LIMITED Key Developments & Transactions For The Year Ended 31 March 2023 INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 Maret
Slide 55: Key Developments & Transactions
z LSS EEE Invicta Combined share + 4882 481 (4.7%) of the ordinary shares for R131 million. HOLDINGS LIMITED repurchases of + 375 000 (5%) of the issued preference shares for R36 million. R201 million over + 1242 789 of the ordinary shares purchased for R34 million of which 1131 968 are held Key Dev
Slide 56: Prospects & Strategy
Uiiliddddddddlddda t Invicta HOLDINGS LIMITED Prospects & Strategy For The Year Ended 31 March 2023 INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 Marc!
Slide 57: Prospects & Strategy: Looking Forward
O ne icta HOLDINGS LIMITED Prospects & Strategy Looking Forward Objectives: + Managing working capital and balance sheet closely + Optimising operations with a focus on cash generation + Developing BMG China and the Energy Conversion Project + Managing volatile supply chain challenges + Looking for
Slide 58: Looking Forward
1 Invicta HOLDINGS LIMITED LOOKING FORWARD
Slide 59: Prospects & Strategy: Looking Forward
1 Invicta HOLDINGS LIMIT TED Prospects & Strategy Looking Forward UMMM dda War in Ukraine Rising commodity and food prices Increasing borrowing costs INVICTA HOLDINGS LIMITED | 2023 Final Results Presentation For The Year Ended 31 March 59
Slide 60: Thank you for your attendance & participation
t Invicta HOLDINGS LIMITED Thank you for your attendance & participation www.invictaholdings.co.za For any further Investor Relations questions please contact: Vanessa Rech | Keyter Rech Investors Solutions | vrech@kris.co.za | 083 307 5600 or Lebohang Mpumlwana | Invicta Holdings | info@invictahold