Slide 1: Group results for the year ended 28 February 2025
Group results for the year ended 28 February 2025
Slide 2: Agenda
1. Summary • Financial results summary • Overview • Current trading 2. Financial results 3. Operational review 4. Prospects & Outlook
Slide 3: Summary
01 • Financial results summary • Overview • Current trading
Slide 4: Financial results summary
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Financial results summary GROSS INVOICED INCOME~ FY25 FINAL DIVIDEND FY 2025 +1.5% +5.6% +28.2% +78.4% +114.3% 11 US¢ per share $7.74b Payout policy FY 2024 increased t
Slide 5: Overview
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Overview AI is driving generational Modernisation of IT Vendors increasingly change in infrastructure infrastructure to support relying on channels and required for dat
Slide 6: Current trading
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Current trading Greater software Improving margins Gradual easing of Excellent demand for IT complexity is and services mix and better cash flow interest rates the Grou
Slide 7: Financial results
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Slide 8: Financial performance
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Financial performance FY 2024 US$m FY 2025 % Movement Restated^ Gross invoiced income 7,735.0 7,620.7 1.5% Gross profit up despite revenue As reported: decline due to m
Slide 9: Financial performance – segmental
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Financial performance ̶ segmental Technology Distribution ICT Solutions and Services Westcon International Logicalis International Logicalis Latin America US$m FY 2024
Slide 10: Gross invoiced income % contribution by geography
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Gross invoiced income % contribution by geography 8% 9% 7% 8% 9% Stable contribution from all 8% 24% markets 23% FY 2024 FY 2025 Europe remains over half of the busines
Slide 11: Gross invoiced income analysis: hardware vs software & services
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Gross invoiced income analysis: hardware vs software & services More software net accounted 31% (including all Westcon International software) 36% Continuing trend towa
Slide 12: Balance sheet summary
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Balance sheet summary FY 2024 US$m FY 2025 Restated+ Assets 3,973.3 3,633.3 Non-current assets Strong working capital Goodwill 274.2 280.5 management Acquired intangibl
Slide 13: Balance sheet summary – segmental
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Balance sheet summary ̶ segmental Technology Distribution ICT Solutions and Services Westcon International Logicalis International Logicalis Latin America FY 2024 FY 20
Slide 14: Cash flow
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Cash flow US$m FY 2025 FY 2024 EBITDA 221.3 177.6 Working capital changes 81.6 29.6 Settlement of share-based payment liabilities (5.0) (59.3) Excellent operating cash
Slide 15: Revenue accounting policy change
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP Revenue accounting policy change FY 2024 FY 2024 FY 2024 US$m As previously Total Restated^ presented restatement Revenue 5,457.9 (1,465.5) 3,992.4 Cost of sales (4,595
Slide 16: Operational review
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Slide 17: Westcon International
Westcon International
Slide 18: Westcon International Highlights
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Highlights Adjusted EBITDA Strong cyber Rebound in Infrastructure Order intake up $700m rises by 25% security demand networking upgrades for AI +15% FY25 vs FY2
Slide 19: Gross invoiced income
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Gross invoiced income Total gross invoiced income Recurring gross invoiced income US$m US$m 5,242 Gross invoiced income 5,076 increased 3.3% 3,452 3,028 Recurri
Slide 20: Sales by geography
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Sales by geography Gross invoiced income Reported revenue US$m US$m 5,242 5,076 Europe and Asia-Pacific had strongest top-line growth 3,178 3,282 2,220 1,969 Gr
Slide 21: Gross invoiced income analysis
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Gross invoiced income analysis Gross invoiced income by business unit Gross invoiced income by customer 12% 31% 12% 37% FY FY 2024 FY FY 2024 31% 57% 2025 2025
Slide 22: Gross invoiced income by technology category & segment
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Gross invoiced income by technology category & segment Gross invoiced income by technology category Gross invoiced income by segment 2% 22% 2% 32% 42% 23% 37% 4
Slide 23: Gross profit
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Gross profit US$m 441 Gross profit increased 9.4% 403 All regions grew, Asia-Pacific had a significant increase FY 2024 FY 2025 DATATEC 2025 Results – year ende
Slide 24: Adjusted EBITDA
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Adjusted EBITDA US$m 150 120 Adjusted EBITDA increased 24.7% Double-digit growth in all regions FY 2024 FY 2025 DATATEC 2025 Results – year ended February 2025
Slide 25: EBITDA
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL EBITDA US$m 136 121 Reported EBITDA increased 12.6% Strong results offset by restructuring charges and increased IFRS 2 share-based payment charge FY 2024 FY 20
Slide 26: Working capital
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Working capital FY 2024 FY 2024 Days/turns FY 2025 US$m FY 2025 NWC days decreased 18 days to 3 days 1,317 86 86 1,230 1,121 69 1,056 66 Significant improvement
Slide 27: Net debt/cash
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Net debt/cash FY 2023 US$m FY 2024 FY 2025 - 3-year low of $26m & $30m in August and February FY25 (50) (100) (150) FY 2023 results benefit partially (200) from
Slide 28: Westcon International Outlook
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook WESTCON INTERNATIONAL Outlook Global tariff Prime position in cyber and uncertainty networking Lower interest rates AI driven IT spend DATATEC 2025 Results – year ended February 2025
Slide 29: Logicalis Group
SS LOGICALIS Architects of Change
Slide 30: Logicalis International
Logicalis International | SS LOGICALIS — Architects of Change _
Slide 31: Logicalis International Highlights
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Highlights Solid order intake Continued growth Investment in Excellent growth in Robust in cloud-based modern technology adjusted EBITDA working capital sales
Slide 32: Gross invoiced income
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Gross invoiced income Total gross invoiced income Recurring gross invoiced income US$m US$m 1,936 1,922 Sales mix change with greater services and software 1,
Slide 33: Sales by geography
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Sales by geography Gross invoiced income Reported revenue US$m US$m 1,936 1,922 US growth driven by strong product bookings 1,250 1,176 815 762 EMEA impacted
Slide 34: Gross invoiced income by segment and gross cloud sales
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Gross invoiced income by segment and gross cloud sales Gross invoiced income by segment Gross invoiced income – cloud* % US$m $1.9b $1.9b 410 + 23% 33% 33% 33
Slide 35: Gross profit
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Gross profit US$m 357 339 Strong gross margin of 30% Product and services transactional % improvement across all segments FY 2024 FY 2025 DATATEC 2025 Results
Slide 36: Adjusted EBITDA
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Adjusted EBITDA US$m Excellent growth in adjusted EBITDA 94 74 Significant improvement in adjusted EBITDA margin to 8.0% Adjusted EBITDA to gross profit ratio
Slide 37: EBITDA
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL EBITDA US$m EBITDA growth across all regions 90 67 Continued strong EBITDA improvement from US Germany, UK and Spain contributing to good EBITDA growth in Eur
Slide 38: Working capital
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Working capital FY 2024 FY 2024 Days FY 2025 US$m FY 2025 98 89 Inventory days remain low 294 293 274 261 42 39 Robust working capital management driving impr
Slide 39: Logicalis International Outlook
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook LOGICALIS INTERNATIONAL Outlook Expanding use of digital AI and security will drive technologies growth in core solutions CAPEX and operating Hybrid infrastructure expenses are being
Slide 40: Logicalis Latin America
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Slide 41: Logicalis Latin America Highlights
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Highlights Strong year-on-year Maximising efficiency Recovery in Argentina Significant year-on- Reduction in the recovery in order and reducing operation resu
Slide 42: Gross invoiced income
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Gross invoiced income Total gross invoiced income Recurring gross invoiced income US$m US$m 599 532 Lower revenue driven by lower 312 opening backlog 290 FY 2
Slide 43: Sales by geography
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Sales by geography Gross invoiced income Reported revenue US$m US$m US$m 599 Brazil volume reduction 532 impacted by the Telco business 513 455 304 258 244 20
Slide 44: Gross invoiced income by segment and gross cloud sales
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Gross invoiced income by segment and gross cloud sales Gross invoiced income by segment Gross invoiced income – cloud* % US$m 90 $599m $532m 78 31% 35% 12% 13
Slide 45: Gross profit
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Gross profit US$m 118 Gross profit decline as a result of 104 revenue decrease Brazil and Chile had the highest impact FY 2024 FY 2025 DATATEC 2025 Results –
Slide 46: Adjusted EBITDA
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Adjusted EBITDA US$m 20 13 Adjusted EBITDA impacted by restructuring costs, one-off tax credit and IFRS 2 share-based payments FY 2024 FY 2025 DATATEC 2025 Re
Slide 47: EBITDA
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA EBITDA US$m 19 EBITDA increased as operations expense reduced plus benefit from tax credit 12 Lower negative foreign exchange impact in Argentina FY 2024 FY 2
Slide 48: Working capital
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Working capital FY 2024 FY 2024 Days/turns FY 2025 US$m FY 2025 166 171 134 124 94 90 Improvement in inventory 73 driven by better importation 56 conditions i
Slide 49: Logicalis Latin America Outlook
Datatec Westcon Logicalis 01 Summary 02 Group 03 International 04 International 05 Logicalis Latin America 06 Outlook LOGICALIS LATIN AMERICA Outlook Recovery in Argentina Improving market share in economic scenario main markets Better business mix with Robust EBITDA recovery diversified customer ba
Slide 50: Prospects & Outlook
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Slide 51: Prospects & Outlook
Datatec Westcon Logicalis Logicalis 01 Summary 02 Group 03 International 04 International 05 Latin America 06 Outlook DATATEC GROUP AI-ready IT & network Increasing operational infrastructure will become leverage in business model essential for most business and less asset intensive Prospects & Outl
Slide 52: Thank You
Thank You www.datatec.com www.westconcomstor.com www.logicalis.com www.la.logicalis.com www.masonadvisory.com