Slide 1: Datatec Group Unaudited interim results
For the six months ended 31 August 2024 DATATEC GROUP Unaudited interim results
Slide 2: Contents
CONTENTS 1. Summary • Financial Results Summary DATATEC 2024 Results – six months ended 31 August 2024 • Overview • Current Trading 2. Financial Results 3. Operational Review 4. Prospects & Outlook 2
Slide 3: Summary
01 Summary Financial Results Summary Overview Current Trading
Slide 4: Financial Results Summary
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Financial Results Summary GROSS PROFIT ADJUSTED EBITDA* H1 FY 2025 H1 FY 2025 $432.7m $106.0m H1 FY 2024 H1 FY 2024 $89.4m DATATEC 2024 Results – six months ended 31 August 2024 $417.9m
Slide 5: Overview
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Overview Excellent operating cash generation Excellent profit growth and R margin expansion in Westcon Revenue impacted by mix International and more net revenue accounted transactions D
Slide 6: Current Trading
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Current Trading DATATEC 2024 Results – six months ended 31 August 2024 Slower demand in Demand for cyber Softer European Strong working All divisions networking industry security and clo
Slide 7: Financial Results
02 Financial Results
Slide 8: Financial Performance
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Financial Performance US$m H1 FY 2025 H1 FY 2024 % Movement Revenue 2,612.1 2,762.7 (5.5%) Revenue decline due to change in product mix with Gross profit 432.7 417.9 3.5% more revenue re
Slide 9: Financial Performance - Segmental
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Financial Performance - Segmental Technology Distribution ICT Solutions and Services Westcon International Logicalis International Logicalis Latin America US$m H1 FY 2025 H1 FY 2024 H1 F
Slide 10: Revenue % contribution by geography
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Revenue % contribution by geography 9% 7% Latin America has been the 8% most challenged region DATATEC 2024 Results – six months ended 31 August 2024 10% 8% 9% North America 26% Latin Am
Slide 11: Revenue analysis: hardware vs software & services
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Revenue analysis: hardware vs software & services More software being net revenue accounted DATATEC 2024 Results – six months ended 31 August 2024 Change in mix to more services Hardware
Slide 12: Balance sheet summary
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Balance sheet summary US$m H1 FY 2025 H1 FY 2024 FY 2024 Assets 3,824.5 3,733.6 3,633.3 Strong operating cash flows Non-current assets due to good working capital Goodwill 280.5 246.3 28
Slide 13: Balance sheet summary - segmental
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Balance sheet summary - segmental Technology Distribution ICT Solutions and Services Westcon International Logicalis International Logicalis Latin America US$m H1 FY 2025 H1 FY 2024 FY 2
Slide 14: Cash flow
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Cash flow US$m H1 FY 2025 H1 FY 2024 FY 2024 EBITDA 102.5 80.6 177.6 Working capital changes 3.6 (19.2) 29.6 Settlement of share-based payment liabilities (5.0) (59.3) (59.3) Improved op
Slide 15: Operational Review
03 Operational Review
Slide 16: Westcon International
——) Westcon International Westcon ic Comstor Partner Success. It’s what we do.
Slide 17: Westcon International Highlights
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Highlights DATATEC 2024 Results – six months ended 31 August 2024 Adjusted EBITDA Sustained Excellent net debt Softening demand Growing improved by 14% demand for position for en
Slide 18: Revenue
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Revenue Total revenue Recurring revenue Revenue reduces due to US$m US$m lower Cisco demand and 1 854 change in product mix 1 801 868 driving a greater % of revenue reported on a
Slide 19: Revenue by geography
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Revenue by geography H1 FY 2024 H1 FY 2025 US$m 1 854 1 801 Revenue declines 3% DATATEC 2024 Results – six months ended 31 August 2024 1 113 1 071 Strong growth in Asia-Pacific 4
Slide 20: Revenue analysis
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Revenue analysis Revenue by business unit Revenue by customer 12% DATATEC 2024 Results – six months ended 31 August 2024 12% 38% 44% H1 FY H1 FY HI FY H1 FY 2025 H1 FY 2025 30% 2
Slide 21: Revenue by technology category & segment
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Revenue by technology category & segment Revenue by technology category Revenue by segment 2% 3% DATATEC 2024 Results – six months ended 31 August 2024 3% 2% 41% 38% H1 FY H1 FY
Slide 22: Gross profit
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Gross profit US$m 216 204 Gross profit increased 6% DATATEC 2024 Results – six months ended 31 August 2024 Product mix and positive contribution from financial services contribut
Slide 23: Adjusted EBITDA
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Adjusted EBITDA US$m 71 Adjusted EBITDA 62 increased 14.4% DATATEC 2024 Results – six months ended 31 August 2024 Adjusted EBITDA margin expanded to 4.0% from 3.4% in H1 FY 2024
Slide 24: EBITDA
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International EBITDA US$m 70 EBITDA increased 16.5% 60 DATATEC 2024 Results – six months ended 31 August 2024 80% of the Gross Profit improvement converted to EBITDA H1 FY 2024 H1 FY 2025 24
Slide 25: Working capital
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Working capital H1 FY 2024 H1 FY 2024 Days/turns FY 2024 US$m FY 2024 H1 FY 2025 H1 FY 2025 5-day comparative improvement in net working 1212 1121 1177 capital days 88 86 90 1106
Slide 26: Outlook
Summary Westcon Logicalis Latin Datatec Group Logicalis International Outlook International America Westcon International Outlook Uncertain economic Digital platform and geopolitical driving opportunities environment persists and better execution DATATEC 2024 Results – six months ended 31 August 202
Slide 27: Logicalis Group
Logicalis Group SALOGICALIS Architects of Change
Slide 28: Logicalis International
——) Logicalis International SALOGICALIS Architects of Change
Slide 29: Logicalis International Highlights
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Highlights DATATEC 2024 Results – six months ended 31 August 2024 Solid order Strong growth in Investment in Supplier lead Net working intake cloud-based modern times stable ca
Slide 30: Revenue
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Revenue Total revenue Recurring revenue US$m US$m Lower revenue due to mix 645 change with greater 575 248 services and software 237 DATATEC 2024 Results – six months ended 31
Slide 31: Revenue by geography
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Revenue by geography H1 FY 2024 H1 FY 2025 US$m 645 Software and services mix 575 grew across all regions DATATEC 2024 Results – six months ended 31 August 2024 250 Growth in c
Slide 32: Revenue by segment and cloud revenue
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Revenue by segment and cloud revenue Revenue by segment Cloud revenue* % US$m $645m $575m 209 + 35% 22% 27% DATATEC 2024 Results – six months ended 31 August 2024 155 16% 17% 1
Slide 33: Gross profit
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Gross profit US$m 200 Improved gross margin % 180 from products and services 158 164 160 DATATEC 2024 Results – six months ended 31 August 2024 140 120 100 80 Increased contrib
Slide 34: Adjusted EBITDA
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Adjusted EBITDA US$m Adjusted EBITDA growth 38 exceeded the increase in gross profit DATATEC 2024 Results – six months ended 31 August 2024 28 Significant improvement in adjust
Slide 35: EBITDA
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International EBITDA US$m EBITDA growth driven by very strong performance in the US 37 DATATEC 2024 Results – six months ended 31 August 2024 26 Weak EBITDA performance in Germany but better
Slide 36: Working capital
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Working capital H1 FY 2024 H1 FY 2024 Days FY 2024 US$m FY 2024 H1 FY 2025 H1 FY 2025 106 99 Inventory days remain low 89 308 289 294 293 DATATEC 2024 Results – six months ende
Slide 37: Logicalis International Outlook
Summary Logicalis Logicalis Latin Datatec Group Westcon International Outlook International America Logicalis International Outlook CAPEX is being tightly controlled Expanding use of digital technologies DATATEC 2024 Results – six months ended 31 August 2024 Hybrid infrastructure increasingly used t
Slide 38: Logicalis Latin America
——) Logicalis Latin America SALOGICALIS Architects of Change
Slide 39: Logicalis Latin America Highlights
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Highlights DATATEC 2024 Results – six months ended 31 August 2024 Argentina’s Reduction in Significant year- 95% lower Strong recovery economic scenario comparative debt over-y
Slide 40: Revenue
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Revenue Total revenue Recurring revenue US$m US$m Lower opening backlog is 263 the main driver of the 112 reduced revenue 101 DATATEC 2024 Results – six months ended 31 August
Slide 41: Revenue by geography
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Revenue by geography H1 FY 2024 H1 FY 2025 US$m 263 Revenue decline mostly driven by Brazil and Chile 215 (within SOLA) DATATEC 2024 Results – six months ended 31 August 2024 1
Slide 42: Revenue by segment and cloud revenue
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Revenue by segment and cloud revenue Revenue by segment Cloud revenue* % US$m $263m $215m DATATEC 2024 Results – six months ended 31 August 2024 29% 31% 57 13% 48 15% 14% 16% 4
Slide 43: Gross profit
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Gross profit US$m 57 Gross profit decline directly linked to revenue decrease 48 DATATEC 2024 Results – six months ended 31 August 2024 Gross profit margin grew to 22.4% from p
Slide 44: Adjusted EBITDA
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Adjusted EBITDA US$m Operating costs reduce 21% on year-on-year basis 6 6 DATATEC 2024 Results – six months ended 31 August 2024 Adjusted EBITDA was stable H1 FY 2024 H1 FY 202
Slide 45: EBITDA
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America EBITDA US$m 8 $2 million growth in EBITDA 6 DATATEC 2024 Results – six months ended 31 August 2024 Includes one off positive tax item H1 FY 2024 H1 FY 2025 45
Slide 46: Working capital
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Working capital H1 FY 2024 H1 FY 2024 Days FY 2024 US$m FY 2024 H1 FY 2025 H1 FY 2025 166 159 157 137 138 134 Improved inventory levels 107 DATATEC 2024 Results – six months en
Slide 47: Logicalis Latin America Outlook
Summary Logicalis Latin Datatec Group Westcon International Logicalis International Outlook America Logicalis Latin America Outlook Cloud, Security and Brazil recovering expanding Mexico with a more are main drivers of diversified business growth mix DATATEC 2024 Results – six months ended 31 August
Slide 48: Prospects & Outlook
04 Prospects & Outlook »
Slide 49: Prospects & Outlook
Logicalis Latin Summary Datatec Group Westcon International Logicalis International America Outlook Datatec Group Prospects & Outlook US remains robust, softness in certain European markets and Latin America improving Adoption of AI should Value creation lead to new cycle of PC objectives of strateg
Slide 50: Thank You
THANK YOU www.datatec.com www.datatec.com www.westconcomstor.com www.westconcomstor.com www.logicalis.com www.logicalis.com www.analysysmason.com www.analysysmason.com www.datatecfinancialservices.com www.datatecfinancialservices.com