Volex Plc · LSE:VLX
Volex — H1 FY2026 Earnings Presentation
29 slides from Volex's earnings presentation, Nov 12, 2025
Slide 1: FY2026 H1 Results Presentation
FY2026 H1 RESULTS PRESENTATION 12 November 2025 Delivering critical connections
Slide 2: Agenda
AGENDA HIGHLIGHTS AND MARKET AND STRATEGIC SUMMARY Q&A OPERATIONAL FINANCIAL UPDATE AND OUTLOOK REVIEW PERFORMANCE Nat Rothschild Jon Boaden Nat Rothschild Nat Rothschild Chief Executive Officer Chief Financial Officer 2
Slide 3: Board changes to realise strategic ambitions
Board changes to realise strategic ambitions Highly experienced leaders backed by established senior team with strong track record of delivery Dave Webster appointed as Nat Rothschild moves into Non-Executive chairman Chief Executive Officer position Dave Webster Non-Executive • Currently Chief Exec
Slide 4: H1 FY2026 highlights
H1 FY2026 highlights Continued strong profitable Our global agility positions us Revenue $583.9m growth in challenging market to benefit from ongoing supply backdrop chain shifts • Ongoing growth as we broaden our EV • Evolving footprint is delivering offering customer traction as well as efficienci
Slide 5: Volex: Precision manufacturing partner
Volex: Precision manufacturing partner Core strengths Reliability that earns trust Critical connection point Quality at every stage Key markets Complex Industrial Consumer Electricals Electric Vehicles Off-Highway Medical Technology Scalable global manufacturing enabling customers at the frontier of
Slide 6: Delivering sustainable value creation
Delivering sustainable value creation Revenue Operating Profit $1,087m $106.2m $913m $89.7m $723m $67.3m $615m $56.2m $443m $391m $42.9m $368m $322m $372m $320m $31.6m $21.6m $7.2m $9.1m $11.5m FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Operat
Slide 7: Market and financial performance
MARKET AND FINANCIAL PERFORMANCE
Slide 8: Sustained strong financial performance
Sustained strong financial performance Revenue Underlying operating margin Underlying basic EPS H1 FY2026 $583.9m H1 FY2026 9.8% H1 FY2026 19.7 p H1 FY2025 $518.2m H1 FY2025 9.2% H1 FY2025 15.2 p H1 FY2024 $397.5m H1 FY2024 9.4% H1 FY2024 14.9 p Organic revenue growth Underlying operating profit Ret
Slide 9: Electric Vehicles
Group revenue Electric Vehicles 15% Deeply embedded with advanced OEMs - we learn faster and solve engineering challenges earlier - winning new programmes and creating Accessories sustainable growth. & Other External charging Positioned at the frontier of electrification, solving our customers’ 16%
Slide 10: Consumer Electricals
Group revenue Consumer Electricals 22% We’re the trusted source of power connections for the world’s best- known brands; power cords and harnesses that keep homes running safely and smoothly across the globe. Industrial & Other Customers value quality and global fulfilment as much as price 20% compe
Slide 11: Medical
Group revenue Medical 13% We work with global medical pioneers developing technologies that change lives. From printed circuit board assembly (PCBa) to complete Life science system integration and box build, we deliver power and data connectivity that make those innovations possible and safe. A vita
Slide 12: Complex Industrial Technology
Group revenue Complex Industrial Technology 27% We are trusted to support the world’s most mission-critical markets. Our technologies keep hyperscale data centres running without IT / Telecoms interruption, enabling the world’s leading tech companies to expand Aerospace & cloud, AI and computing cap
Slide 13: Off-Highway
Group revenue Off-Highway 23% We enable the world’s hardest-working machines to perform better today and evolve into electric, intelligent systems that define tomorrow. Defence With innovative solutions, including ruggedised harnesses and Construction Commercial 6% & Other overmoulding, our products
Slide 14: Operating margins maintained within target range
Operating margins maintained within target range +60 bps Growth investments Continued targeted, customer-led 1.6% investments to support long term growth Product mix (0.7%) 0.5% Greater contribution from higher margin 0.7% 9.8% complex products 9.2% (1.1%) (0.4%) Inflation Majority of inflationary i
Slide 15: Cash flow
Cash flow $m H1 FY2026 H1 FY2025 Underlying EBITDA of $74m, +20% Increased revenue and margins Underlying EBITDA 73.6 61.3 Net capital expenditure (21.3) (26.4) Capex investment of $21m, 3.6% of revenue Underlying working capital (32.4) (32.2) Investment in capacity and capability In line with guida
Slide 16: Strategic update
STRATEGIC UPDATE
Slide 17: Performance demonstrating our strategy
Performance demonstrating our strategy Market Focused Embedded Agile, Disciplined leadership investment to relationships decentralised acquisitions to in structural differentiate through adding culture drive growth growth sectors value 17
Slide 18: Strategic investment driving organic growth
Strategic investment driving organic growth Trebled size of Indonesian flagship location – now almost filled Doubled size of key facility in Mexico, creating flagship location – expected to ramp up strongly Automation and vertical integration providing enhanced control and ensuring competitiveness I
Slide 19: On-track to deliver five-year plan to FY2027
On-track to deliver five-year plan to FY2027 Revenue Underlying Underlying operating operating margin profit $1,200m 9-10% $1,200.0m FY2027 $1,086.5m target 9.8% 9.8% $912.8m 9.3% $722.8m ON TRACK TO DELIVER FIVE- YEAR PLAN TARGETS FY2023 FY2024 FY2025 FY2027 FY2023 FY2024 FY2025 FY2027 target targe
Slide 20: Summary and outlook
SUMMARY AND OUTLOOK 20
Slide 21: Summary and outlook
Summary and outlook Summary Outlook Excellent results in tough markets Solid start to H2 H2 revenues expected to be broadly in Strong revenue growth line with H1 Margins towards upper end Well-positioned to successfully navigate % of target range global trade and tariff uncertainty Maintained strong
Slide 22: Q&A
Q&A 22
Slide 23: Appendices
APPENDICES 23
Slide 24: End-markets
End-markets ELECTRIC VEHICLES CONSUMER ELECTRICALS WHAT THE THE VALUE WHAT THE THE VALUE WORLD DEMANDS WE BRING WORLD DEMANDS WE BRING Government support Vertically integrated Consumers seek out Global manufacturing reliable, energy efficient footprint to support solutions solutions with a longer EL
Slide 25: Medical, Complex Industrial Technology, Off-Highway end-markets
MEDICAL COMPLEX INDUSTRIAL TECHNOLOGY OFF-HIGHWAY WHAT THE THE VALUE WHAT THE THE VALUE WHAT THE THE VALUE WORLD DEMANDS WE BRING WORLD DEMANDS WE BRING WORLD DEMANDS WE BRING Support for ageing Highly experienced Demand for cloud Integrated solutions Increased urbanisation Global expertise populati
Slide 26: Adjusting items
Adjusting items $m H1 FY2026 H1 FY2025 Acquisition-related costs 0.6 0.6 Acquisition-related remuneration 0.6 0.9 Cyber incident costs – 0.2 Site closure costs 2.0 – Amortisation of intangibles 4.8 6.7 Total adjusting items 8.0 8.4 Share-based payments 2.6 2.6 Total adjusting items and share-based p
Slide 27: Balance sheet
Balance sheet $m H1 FY2026 H1 FY2025 Goodwill and intangible assets 252.2 254.5 Property, plant and equipment 173.0 162.6 Investments 15.4 11.0 Inventories 233.6 209.4 Trade and other receivables 245.4 232.6 Trade and other payables (279.3) (283.1) Pensions and provisions (15.5) (12.5) Taxation (net
Slide 28: Product portfolio
Product portfolio Electric Vehicle Data Centre Integrated Power Cords, Custom Cable Cable Charging and High-Speed Manufacturing Plugs and Assembly and Extrusion Solutions Cables Services Connectors Wire Harness EV NACS Plugs Charging Cables and Box Builds Plugs Cord Reels High-Speed Copper Electrome
Slide 29: Follow us on social media
Follow us on social media Find out more at volex.com linkedin.com/company/volex/ x.com/volex 29