Slide 1: Dialight FY26 Full Year Results
DIALIGHT F Y 2 6 F U L L Y E A R R E S U LT S INVESTOR PRESENTATION FOCUSING ON MEDIUM- TERM GROWTH
Slide 2: Key Strengths of the Business
KEY STRENGTHS OF THE BUSINESS Leading provider of LED lighting for hazardous and industrial environments, known for performance, reliability, safety, and an industry leading 10-year warranty. 100% LED-native portfolio supports a sustained ~20% US market share in hazardous industrial lighting, with a
Slide 3: Transformation Plan
T R A N S F O R M AT I O N P L A N Focused around 5 key pillars: 1. WINNING 2. SALES 3. OPERATIONS 4. MARGIN 5. CREATING A HEARTS & MINDS TRANSFORMATION TRANSFORMATION IMPROVEMENT & PLATFORM FOR CASH GENERATION FUTURE GROWTH Engaging the Feed the A well-oiled Cost control / Self- Building the team m
Slide 4: FY26 Executive Summary
FY26 EXECUTIVE SUMMARY PROGRESS: • S T R O N G U N D E R LY I N G P R O F I T A N D C A S H G E N E R AT I O N , D E S P I T E O N G O I N G C H A L L E N G I N G US MARKET CONDITIONS • SANMINA SETTLED • HR LEADERSHIP WITH OBJECTIVES AND ASSESSMENTS FOR ALL EMPLOYEES, RETENTION SCHEME, BONUS SCHEME
Slide 5: FY26 At a Glance
F Y 2 6 AT A G L A N C E FACTORIES / SUPPLY CHAIN PRODUCTS / NEW BUSINESS • Cost saving projects • Finished goods SKU reduction of c.30% • Direct Labour reduction of c.30% • Sales team prioritising the high-margin SKUs • Focus on stocking high runners • Source and sell products to optimise sales • F
Slide 6: Medium Term Ambition
MEDIUM TERM AMBITION (SET IN JUNE 2025) 2012 March 2026 3-5 YEAR AMBITION* Revenue growth 12.3% Revenue decline -9% Revenue growth 3-5% Underlying gross margin 39.2% Underlying gross margin 39.0% Underlying gross margin 45.0% Underlying EBITDA margin 20% Underlying EBITDA margin 11.9% Underlying EBI
Slide 7: Revenue Growth Strategy
R E V E N U E G R O W T H S T R AT E G Y Strong backlog EPC, Strategic Product portfolio Accounts & enhancements & Specification next generation Sales SSL ideation Restructured S&C sales team – partnerships & non-performers new products removed & new talent acquired New margin/volume commission plan
Slide 8: Cost Improvement Initiatives
C O S T I M P R O V E M E N T I N I T I AT I V E S Transfer of S&C clean, Annualisation Roxboro automate, Further of cost activities to Hybrid transfer to automation reduction Mexico & manufacturing Penang initiatives benefits subsequent (hybrid) closure 8 R e sF uUl Lt sL PP rE eRs IeOn Dt a Rt iEo
Slide 9: Medium Term Ambition: Updated View
MEDIUM TERM AMBITION U P D AT E D V I E W 3-5 YEAR AMBITION 3-5 YEAR AMBITION JUNE 2025 JUNE 2026 Revenue growth 3-5% Revenue growth 3-5% Underlying gross margin 45.0% Underlying gross margin 45.0%+ Underlying EBITDA margin 15.0% Underlying EBITDA margin 18.0%+ Return on sales 11-13%+ Return on sale
Slide 10: Income Statement
I N C O M E S TAT E M E N T Year-ended 31 Year-ended 31 March 2026 March 2025 $m $m Revenue 166.9 183.5 Cost of sales (101.8) (118.2) Underlying gross profit 65.1 65.3 Gross margin % 1 39.0% 35.6% Underlying overheads (54.8) (61.1) Underlying operating profit 10.3 4.2 Non-underlying items (4.0) (21.
Slide 11: Non-Underlying Items
N O N - U N D E R LY I N G I T E M S Year ended 31 Year ended 31 March 2026 March 2025 $m $m Transformation Plan 1 (4.4) (4.1) Defined benefit pension scheme administrative costs 2 (1.3) - Other non-underlying costs 3 (1.0) (0.6) Sanmina litigation costs 4 (0.2) (17.8) ERCs 5 2.9 - Business disposal
Slide 12: EBITDA Bridge
EBITDA BRIDGE Year ended 31 Year ended 31 March 2026 March 2025 $m $m Operating profit/(loss) 6.2 (11.6) Non-underlying items 4.0 21.6 Loss/(gain) on disposal of business 0.1 (5.8) Underlying operating profit 10.3 4.2 Depreciation of property, plant and equipment 3.1 3.2 Loss on disposal of property
Slide 13: Balance Sheet
BALANCE SHEET 31 31 March 2026 March 2025 Hig h lig h t s: Assets $m $m Property, plant and equipment 12.3 13.5 • Inventory reduction of $16.6m Right-of-use assets 7.3 9.0 Intangibles assets 7.6 9.0 • Net bank debt reduced to $1.9m, driven by increased Deferred tax assets 7.7 8.5 Employee benefits a
Slide 14: Cashflow
CASHFLOW Net bank debt $m $m Opening balance at 1 April 2025 (17.8) Underlying EBITDA 19.8 Share-based payments 1.0 Net impairment losses on financial assets 0.5 Decrease in inventories (after impact of $0.4m non-underlying) 17.5 Decrease in trade and other receivables 5.2 Decrease in trade and othe
Slide 15: Summary
SUMMARY UNDERLYING OPERATING PROFIT STRONGLY AHEAD OF FY25 REVENUE DOWN YoY; FOCUSED INITIATIVES TO DRIVE FUTURE GROWTH FOCUS ON HIGHER MARGIN PRODUCTS COST BASE TIGHTLY CONTROLLED RATIONALISATION OF MANUFACTURING FACILITIES SIGNIFICANT REDUCTION IN NET DEBT ($1.9M AT YEAR-END) FURTHER INVENTORY RED
Slide 16: Appendix
APPENDIX 1 6 Results Presentation FY26
Slide 17: Revisiting Old Customers
REVISITING OLD CUSTOMERS EXAMPLE ENERGY CUSTOMER: 25,000 FIXTURES INSTALLED SINCE 2014, REPRESENTING C.$20M OF REPLACEMENT VALUE BEFORE • Leverage Salesforce to identify end-of-warranty opportunities, retain existing socket users, drive upgrades, and secure new socket placements across key accounts.
Slide 18: Case Study: Paper Mill
CASE STUDY: PAPER MILL • Successfully won back business that had been lost within the previous five years, re-establishing Dialight as the preferred lighting partner. • Demonstrated the value of Dialight's solutions through energy-saving benefits and enhanced health & safety performance, which were
Slide 19: What Is an EPC?
W H AT I S A N E P C ? • EPC stands for Engineering, Procurement, and Construction and is a prominent form of contracting agreement in the construction industry. • The engineering and construction contractors carry out the detailed engineering design of the project, procure the equipment and materia
Slide 20: EPC Project Timeline Example
EPC PROJECT TIMELINE EXAMPLE 2 0 Results Presentation FY26
Slide 21: Expected Financial Calendar
EXPECTED FINANCIAL CALENDAR • Year-end FY26 preliminary results: June 2026 • AGM and trading update: September 2026 • Interim FY27 results: November 2026 • Trading update: January 2027 2 1 Results Presentation FY26
Slide 22: Disclaimer
DISCLAIMER This presentation has been prepared by Dialight plc (‘Dialight’ or ‘the Company’ or ‘the Group’) and has not been independently verified. Dialight is solely responsible for the contents of this document and has taken all reasonable care to ensure that the facts stated herein are true and