Slide 1: AB Capital Group - Distributor of the Future
AB CAPITAL GROUP - DISTRIBUTOR OF THE FUTURE Stock market presentation Q3 FY2024/25 28.08.2025
Slide 2: Agenda
AGENDA 1 2 Position AB Financial results 3 4 IT market prospects Selected business areas 2
Slide 3: Item AB
Lbsrour INSPIRED BY TECHNOLOGY ITEM AB » > Abo». AT Compus ATComputers (4 COMFOR | OPTIMUS
Slide 4: AB's strong position at the top of the rankings
AB'S STRONG POSITION AT THE TOP OF THE RANKINGS 1 5 14 Position in the European Position in the world Leading position ranking ranking in the CEE region (1) distributors (2) distributors (2) 1 mWIG 40 AB Group A company listed Distributor of the Year is the largest IT company in the TOP60 for the 10
Slide 5: Financial results
ECHNOLOGY FINANCIAL RESULTS
Slide 6: Strong results of the AB Group
STRONG RESULTS OF THE AB GROUP PROFIT AND LOSS ACCOUNT Q2 2025 Q2 2024 Change Q2/2025 LTM Q2/2025 LTM (*) Change LTM Change (*) (ths PLN) (ths PLN) (%) (ths PLN) (ths PLN) (%) (%) Revenue from sales 3181972 3128471 1.7% 14905001 15200038 -2.2% -0.2% Gross profit on sales 126993 131197 -3.2% 580289 5
Slide 7: Consolidated results of the AB Group
CONSOLIDATED RESULTS OF THE AB GROUP INVESTED CAPITAL AND SOURCES OF FINANCING 30.06.2025 30.06.2024 Change Change [PLN thousand] [PLN thousand] [PLN thousand] % Non-current assets (before IFRS 16) 302 259 321 548 -19 289 -6% Net working capital, including: 1 371 570 1 349 582 21 988 2% - Stocks 1 7
Slide 8: Stable profitability ratios
STABLE PROFITABILITY RATIOS NET PROFIT MARGIN (%) EBITDA LTM (%) 1,16% 1,12% 1,94% 2,05% 1,96% 1,08% 1,65% 1,04% LTM 06.2022 LTM 06.2023 LTM 06.2024 LTM 06.2025 Q2.2022 Q2.2023 Q2.2024 Q2.2025 ROCE (%) * ROE (%) * 19,2% 18,7% 15,2% 16,1% 16,2% 13,8% 13,2% 12,7% LTM 06.2022 LTM 06.2023 LTM 06.2024 LT
Slide 9: Safe, diversified and record-low debt
SAFE, DIVERSIFIED AND RECORD-LOW DEBT Total debt ratio Net financial debt/EBITDA 1,41 66,6% 0,86 62,1% 61,0% 0,54 57,9% 0,21 30.06.2022 30.06.2023 30.06.2024 30.06.2025 30.06.2022 30.06.2023 30.06.2024 30.06.2025 Net Debt/Equity Net financial debt (before IFRS 16) 272 606 0,24 0,20 203 660 0,12 121
Slide 10: Increasing liquidity ratios
INCREASING LIQUIDITY RATIOS Current Liquidity Ratio Quick Liquidity Ratio 1,71 1,61 0,78 0,75 1,52 0,60 30.06.2023 30.06.2024 30.06.2025 30.06.2023 30.06.2024 30.06.2025 AB Group has a high and stable Exemplary liquidity ratios and high payment financial liquidity with a clear morality are appreciat
Slide 11: Optimized cash conversion cycle
OPTIMIZED CASH CONVERSION CYCLE STABLE WORKING CAPITAL TURNOVER RATES Inventory rotation Turnover of liabilities 47 47 46 54 50 49 Q2 2023 Q2 2024 Q2 2025 Q2 2023 Q2 2024 Q2 2025 Receivables Rotation Cash Conversion Cycle 38 36 33 40 39 39 Q2 2023 Q2 2024 Q2 2025 Q2 2023 Q2 2024 Q2 2025 11
Slide 12: Strong cash flow
STRONG CASH FLOW Cash flow (LTM Q2 2025) in PLN million 343,9 OCF -6,9 +18,2% -154,7 171,9 y/y 191,1 142,5 ▪ Another quarter confirming the Group's high operational efficiency and long-term ability to generate positive OCF ▪ Strongly growing positive cash flows from operating Open balance OCF ICF FC
Slide 13: Stable operating costs
STABLE OPERATING COSTS EFFICIENT COST MANAGEMENT SG&A in AB Group ▪ The Group shows a stable level of operating costs in relation to revenues, which inspires confidence and 2,1% 2,1% 2,1% 2,0% certainty of stable costs in subsequent reporting periods ▪ Automation and digitization of operational proc
Slide 14: Exemplary foundations of financing
EXEMPLARY FOUNDATIONS OF FINANCING Sources of Credits 40,4% Structure Short-term 28% funding external Bonds 59,6% age Long-term 72% Total value of available funding sources Available Used PLN 191 million (cash, loans and bonds) financing To use PLN 844 million of which cash PLN 172 million PLN 1.035
Slide 15: Regular distribution of profit to shareholders
REGULAR 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 2023/2024 0,
Slide 16: AB Background Perspectives IT Market
AB BACKGROUND PERSPECTIVES IT MARKET
Slide 17: 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 • GDP growth to 3.6%(2) • GDP growth from 1.1% in 2024 to 1.9%(1) in • Further fall in unemployment to 5.3% (1) 2025. • Low unemployment rateof
Slide 18: Good prospects for the IT market in Poland
GOOD PROSPECTS FOR THE IT MARKET IN POLAND A MULTITUDE OF FACTORS AND GROWTH IMPULSES The value of the IT market according to PMR in 2024 is PLN 70 billion EU countries' digital maturity level* and is expected to increase to PLN 74 billion in 2025, an increase of 5.7% y/y. 80,0 Wed. 74,4 Poland is o
Slide 19: Multifactorial perspectives for the IT market
MULTIFACTORIAL PERSPECTIVES FOR THE IT MARKET DEVELOPMENT DRIVERS FORECASTS ▪ Megatrendy ▪ Increasing the importance of the IT sector for the ▪ Artificial Intelligence (AI) Polish economy from the forecasted 4.5% in relation to GDP in 2025 ▪ Cybersecurity to the forecasted 9.5% in 2029 ▪ Digital tra
Slide 20: Favorable prospects for the coming years
FAVORABLE PROSPECTS FOR THE COMING YEARS Increasing spending on the increase in expenditure in implementation of implementation of the Digital digital transformation public tenders thanks infrastructure projects to the National Recovery Plan (CPK, PKP, nuclear power plant) Student program of enterpr
Slide 21: 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. Beneficiaries Over 17,000 schools across Poland 1,7 billion PLN gross Estimated Order value Implementation of the tender of the Governm
Slide 22: AI and STEM Lab new tenders
AI I STEM LAB NEW TENDERS 1.86 533 AI LABORATORY PLN billion 2,4 Total value billion gross PLN million STEM LABORATORY The order includes: The order includes: ▪ 8 thousand sets of equipment ▪ 4,399 sets of equipment to equip AI labs for primary to equip STEM labs for secondary schools; schools. ▪ 4
Slide 23: Another program in education - Digital Student for 2025-2029
ANOTHER PROGRAM IN EDUCATION – "DIGITAL STUDENT FOR 2025-2029" A NEW PERSPECTIVE OF DIGITAL SUPPORT FOR A WIDE RANGE OF FACILITIES THE PROGRAM REPLACES THE "ACTIVE BOARD" COMPLETED IN 2024 Program Value Scope of the program: 260 PLN million from the state budget + min. 20% of local governments' Comp
Slide 24: Selected tenders
SELECTED TENDERS Police Mail NASK. Offices MON NASK. Service Poland health 220 140 120 87 PLN million PLN million PLN million PLN million 60 PLN million 30 PLN million 20 PLN million Desktops, 24 thousand Delivery of Remote Desktops, laptops, Monitors, Deliveries of laptops, Expansion of storage lap
Slide 25: Key technology trends driving digital transformation
KEY TECHNOLOGY TRENDS DRIVING DIGITAL TRANSFORMATION replacement of PCs and popularization the need to automate the technologies related to notebooks of devices with AI growing amount of data is Cybersecurity – an increase due to the end of support (computers, servers, developing Auto ID in the dema
Slide 26: PC and notebook market in a clear upward trend
PC AND NOTEBOOK MARKET IN A CLEAR UPWARD TREND MAIN DRIVERS OF GROWTH 1. Replacement po-COVID-owa 2. Windows 10 end of support 3. AI PC Adoption in business ▪ The need to replace obsolete ▪ No updates and security ▪ Increased efficiency, equipment - a 5-year cycle of ▪ New system and technology auto
Slide 27: AB's unique competencies in VAD
AB'S UNIQUE COMPETENCIES IN VAD HIGHLY ADVANCED PRODUCTS IN AB'S OFFER AB Value Added Distributor (VAD) activities RESOURC SERVICES appreciated by the market ES ▪ Dedicated design team of certified engineers ▪ unique competencies and facilities allowing for the implementation of projects of large ▪
Slide 28: Cybersecurity - investments that illustrate the importance of the problem
CYBERSECURITY – INVESTMENTS THAT ILLUSTRATE THE IMPORTANCE OF THE PROBLEM from the European Funds 1.8 PLN PLN billion for Digital Development 2021-2027 programme "... The government has allocated Design Design "Cyber Secure Local Government" "NASK Cybersecurity Center" PLN 3.1 billion PLN to build c
Slide 29: Number one
ED BY TECHNOLOGY NUMBER ONE
Slide 30: The most appreciated
THE MOST APPRECIATED Involvement in the development of the Rise to 62nd place of the largest companies in the Top performing distributor 2024 SSHELF IN THE Socially responsible companies Knowledge Promoter Distributor 2024 EDU360 program Dell Technologies CEE region Coface Sunmi INDUSTRY Award of th
Slide 31: We are a leader in the area of ESG
WE ARE A LEADER IN THE AREA OF ESG AB SA IS THE BEST COMPANY IN THE IT INDUSTRY AB among the best IT IN THE CATEGORY: distributors according to EcoVadis „Responsibility Technological and Sustainable Development" Environment Social Governance INVESTMENTS IN RES (PHOTOVOLTAICS) SUBSTANTIVE AND GENDER
Slide 32: 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 33: Thank you for your attention
THANK YOU FOR YOUR ATTENTION AT Compus ATComputers (4 coMFor | OPTIMUS