Slide 1: AB Capital Group - Distributor of the Future: Stock market presentation
AB CAPITAL GROUP - DISTRIBUTOR OF THE FUTURE Stock market presentation Q2 FY2024/25 05.06.2025
Slide 2: AB's strong position at the top of the rankings
AB'S STRONG POSITION AT THE TOP OF THE RANKINGS AB GROUP CONSISTENTLY #1 IN CEE mWIG # 1 Leading # 5 Position in the European #14 Position in the world #7 A company with a private 40 A company listed position Distributor Ranking ranking of distributors pedigree on the Polish in the TOP60 in the CEE
Slide 3: Financial results
ECHNOLOGY FINANCIAL RESULTS
Slide 4: Consolidated results of the AB Group
CONSOLIDATED RESULTS OF THE AB GROUP PROFIT AND LOSS ACCOUNT Q1 2025 Q1 2024 Change LTM 2024/2025 LTM 2023/2024 Change % [ths PLN] [ths PLN] % [ths PLN] [ths PLN] Revenue from sales 3 251 386 3 211 886 1.2% 14 851 500 15 197 041 -2.3% Gross profit on sales 122 259 130 340 -6.2% 584 493 591 545 -1.2%
Slide 5: Consolidated results of the AB Group: invested capital and financing
CONSOLIDATED RESULTS OF THE AB GROUP INVESTED CAPITAL AND SOURCES OF FINANCING 31.03.2025 31.03.2024 Change Change [ths PLN] [ths PLN] [ths PLN] % Non-current assets (before IFRS 16) 299 123 315 441 -16 318 -5% Net working capital, including: 1 343 125 1 294 875 48 250 4% - inventories 1 698 517 1 7
Slide 6: Stable profitability ratios
STABLE PROFITABILITY RATIOS EBITDA LTM (%) NET PROFIT MARGIN (%) 2,01% 1,98% 1,90% 1,14% 1,60% 1,10% 1,07% 1,05% 31.03.2022 31.03.2023 31.03.2024 31.03.2025 LTM March 2022 LTM March 2023 LTM March 2024 LTM March 2025 YEAR (%) ROE (%) 15,4% 18,8% 18,7% 12,4% 12,6% 11,8% 16,8% 16,1% LTM March 2022 LTM
Slide 7: Safe, diversified and low debt
SAFE, DIVERSIFIED AND LOW DEBT Total debt ratio Net financial debt /EBITDA 1,36 67,5% 0,80 61,8% 62,5% 61,2% 0,49 0,17 31.03.2022 31.03.2023 31.03.2024 31.03.2025 31.03.2022 31.03.2023 31.03.2024 31.03.2025 Net Debt/Equity Net financial debt (before IFRS 16) 0,26 290 746 0,18 179 642 0,11 103 096 0,
Slide 8: Secure financial liquidity
SECURE FINANCIAL LIQUIDITY Current Liquidity Ratio Quick Liquidity Ratio 1,61 1,57 0,80 0,71 0,70 1,53 31.03.2023 31.03.2024 31.03.2025 31.03.2023 31.03.2024 31.03.2025 Current liquidity shows a sustained For years, the Group has attached great Exemplary liquidity ratios and high upward trend y/y. i
Slide 9: Optimized cash conversion cycle
OPTIMIZED CASH CONVERSION CYCLE MARKET-SPECIFIC CASH CONVERSION CYCLE Inventory rotation Turnover of liabilities 52 50 49 49 40 42 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Receivables Rotation Cash Conversion Cycle 42 37 39 34 36 35 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 9
Slide 10: Strong cash flow
STRONG CASH FLOW OPERATING CASH FLOW IN HIGH PROFIT Cash Flow (LTM) 171 900 121 238 ▪ Another good quarter with positive operating cash flows (7th quarter in a row) ▪ in LTM terms, increasing positive cash flows from operating activities -10 766 -7 984 -61 930 ▪ Strong further decline in financial d
Slide 11: Stable operating costs
STABLE OPERATING COSTS EFFICIENT COST MANAGEMENT SG&A in AB Group 2,2% 2,1% • The Group shows a stable level of operating costs in relation to revenues, which inspires confidence and certainty 2,1% 2,1% of stable costs in subsequent reporting periods • Automation and digitization of operational proc
Slide 12: AB Group on the stock exchange
AB GROUP ON THE STOCK EXCHANGE 35 YEARS ON THE MARKET, 19 YEARS ON THE WSE – BUILT CREDIBILITY AND TRUST Trigon DM Ipopema Securities DM BOŚ Santander "BUY" recommendation "BUY" recommendation "BUY" recommendation "OUTPERFORM" recommendation TP 120 PLN TP PLN 137.2 TP 118,5 PLN TP 140 PLN Recommenda
Slide 13: Distribution of profit to shareholders
DISTRIBUTION OF PROFIT TO SHAREHOLDERS RECORD DIVIDEND PAID IN APRIL 2025 2,7 3,50% 2,99% 2,2 3 3,00% 2,45% 2,51% 2,50% 1,7 2,04% 2 +50%Dividend growth PLN 3.00 Dividend per share 1,2 0,7 0,2 1,37% 0,44 1 1,25 2,00% 1,50% 1,00% 0,50% -0,3 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024e 0,00% comp
Slide 14: Outlook IT market
ED BY TECHNOLOGY OUTLOOK IT MARKET
Slide 15: Very good macroeconomic forecasts for 2025
VERY GOOD MACROECONOMIC FORECASTS FOR 2025 FAVORABLE MACROECONOMIC ENVIRONMENT MEANS INCREASED DEMAND FOR IT DEVICES POLAND'25 CZECH REPUBLIC'25 SLOVAKIA'25 • Accelerating GDP growth • Accelerating GDP growth • Gradual GDP growth to 2.3% to 3.6%(1) to 2.4%(1) in 2025(1) • Low unemployment rate of up
Slide 16: Favorable outlook for 2025: main growth factors
FAVORABLE OUTLOOK FOR 2025 Main growth factors replacement of popularization of popularization Move from cloud to Increase in replacement of IT increasing spending PCs and notebooks devices with AI of Wifi 7 edge cybersecurity equipment on the digital due to the (computers, spending purchased during
Slide 17: Ministry of Education's tender: Digital Student 2025
MINISTRY OF EDUCATION'S TENDER: "DIGITAL STUDENT" 2025 THE AIM OF THE PROGRAMME: DIGITAL TRANSFORMATION OF SCHOOLS BY EQUIPPING THEM WITH MODERN COMPUTER EQUIPMENT. Scope of the contract Schedule • Tender announcement: May 2025 Purchase and delivery of 735,000 devices, including: • Equipment deliver
Slide 18: New million-dollar tenders - increase in budgets - KPO
NEW MILLION-DOLLAR TENDERS – INCREASE IN BUDGETS - KPO EDUCATION Health care Desktop computers (mini tower, SFF, middle tower), PLN 1.7 billion 1 billion PLN " Steam Labs PLN 220 million laptops and high-performance laptops 15''–16'', 27'' and 34'' monitors Digital Student" project PLN 525 million**
Slide 19: AI drives demand for IT devices
AI DRIVES DEMAND FOR IT DEVICES AB'S WIDE RANGE OF AI SOLUTIONS Computers Storage Networking A new class of AI-integrated Solutions dedicated to AI Designed to support AI PCs – AI PCs applications, ensuring high environments and high performance and data network workloads. availability. Built-in AI
Slide 20: Number One
ED BY TECHNOLOGY NUMBER ONE
Slide 21: We are a leader in the area of ESG
WE ARE A LEADER IN THE AREA OF ESG AB S.A. IS THE BEST COMPANY IN THE IT INDUSTRY AB among the top 12% of IT IN THE CATEGORY: distributors according to EcoVadis "Responsibility Technological and Sustainable Development" Environment Social Governance REDUCING YOUR CARBON SUBSTANTIVE AND GENDER EQUALI
Slide 22: AB Group launches photovoltaic farm in Magnice
AB GROUP LAUNCHES PHOTOVOLTAIC FARM IN MAGNICE Investment Benefits Generating green energy - reducing CO2 emissions Area: 10,000 sqm Providing 1/3 of the energy for the logistics center 1,812 photovoltaic modules and office building of the AB Group. At certain times, the farm will be able to provide
Slide 23: The most appreciated in industry
Rise to 62nd place THE MOST Involvement Top of the largest companies in the CEE region Coface APPRECIATED Knowledge Promoter BLACK Socially responsible Distributor in the development performing of the EDU360 program Dell Technologies distributor 2024 Sunmi SSHELF companies Award of the Mayor of Wroc
Slide 24: Investor newsletter
INVESTOR NEWSLETTER Stay up to date with AB S.A. business information SUBSCRIBE TO AB S.A. INVESTOR FOLLOW US ON NEWSLETTER www.ab.pl/newsletter-inwestorski Receive the most important information "AB GROUP Investor Relations" directly to your email inbox @ab_grupa Be with us on AB's social media cha
Slide 25: Thank you for your attention
THANK YOU FOR YOUR ATTENTION AT Compus ATComputers (4 coMFor | OPTIMUS