Slide 1: Submission of Investor Presentation cover letter
Telephone: +91 22 6661 7272 | Email: info.india@blackbox.com BBOX/SD/SE/2025/59 August 13, 2025 To, Corporate Relationship Department Corporate Relationship Department Bombay Stock Exchange Limited National Stock Exchange Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort,
Slide 2: Black Box Limited Results Presentation Q1 FY26
PROPELLING DIGITAL INFRASTRUCTURE D ATA C E N T E R Black Box Limited Results Presentation Q1 FY26 1 13 August 2025
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Black Box Limited have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not f
Slide 4: Q1 FY26 Financial Highlights
Q1 FY26 FINANCIAL HIGHLIGHTS 3
Slide 5: Financial Highlights – Q1 FY26
Financial Highlights – Q1 FY26 Operationally resilient Amt in ` crore Revenue o Q1 FY26 revenue were down 3% YoY, on account of tariff situation delaying equipment procurement by some clients causing delayed project Revenue execution, leading to lower revenue recognition in Q1. Also, Q1 is generally
Slide 6: Healthy Total Order Backlog
Healthy Total Order Backlog Increase in large value deals; focus on higher conversion of pipeline continues Total Order Book ($ million) Order Book and Pipeline’s Future Outlook o Focus continues towards large size contracts; large value deals constituted nearly 2/3rd of the total deals won in Q1 50
Slide 7: Management Commentary
Management Commentary Commenting on the results and performance Mr. Sanjeev Verma, Whole-time Director, Black Box said, “Over the past five years, we have transformed Black Box from a loss-making entity into a profitable, cash- generating business with a strong balance sheet. With the turnaround com
Slide 8: Well Diversified Global Business Model – Q1 FY26
Well Diversified Global Business Model – Q1 FY26 Revenue by Geography Revenue by Industry India, 6% Europe, 10% 12% Technology 22% MEA, 4% Financial Services 12% Healthcare APAC, 12% Consumer and Public Services 22% Commercial and Industrial North America, 66% 22% Latin America, Distributors & Other
Slide 9: Consolidated P&L – Q1 FY26
Consolidated P&L – Q1 FY26 Particulars (in ` crore) Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ FY25 Revenue from Operations 1,387 1,423 -3% 1,545 -10% 5,967 Gross Profit 428 439 -2% 455 -6% 1,794 Gross Profit Margin 30.9% 30.8% 29.5% 30.1% Gain on foreign currency transaction (net) 11 -4 4 -7 Total Other Expen
Slide 10: Medium Term Targets
Propelling Di Infrastr MEDIUM TERM TARGETS
Slide 11: FY26 Guidance
FY26 Guidance Particulars Actual Guidance (in ` crore) FY25 FY26E REVENUE 5,967 6,750 – 7,000 EBITDA 531 605 – 645 EBITDA Margin 8.9% 9.0% - 9.2% PAT 205 265 – 285 PAT Margin 3.4% 3.8% - 4.1% Estimated EBITDA growth in FY26 --- YoY growth: 14%-22% Estimated PAT growth in FY26 --- YoY growth: 29%-39%
Slide 12: Large Headroom to Grow And Long Runway
Large Headroom to Grow And Long Runway Targeting up to 2.0% market share of the industry 11 * Source: Gartner # FY25 estimated market share of Black Box Ltd. approx. 0.6%
Slide 13: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS 12
Slide 14: Consolidated P&L Statement
Consolidated P&L Statement Successful turnaround of Black Box Ltd# after its acquisition in FY19 Particulars (in ` crore) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 4,674 5,370 6,288 6,282 5,967 Gross Profit 1,497 1,549 1,640 1,714 1,794 Gross Profit Margin 32.0% 28.9% 26.1% 27.3% 30.1% Gain o
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Asset-light with low leverage Particulars (in ` crore) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Particulars (in ` crore) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Non-Current Assets Equity Property, Plant And Equipment Equity Share Capital 33 33 34 34 34 164 190 161 120 102 Other Equit
Slide 16: Summary of Consolidated Cash Flows
Summary of Consolidated Cash Flows Low capex business model Particulars (in ` crore) FY21 FY22 FY23 FY24 FY25 Operating profit before working capital changes 407 224 296 407 466 Changes in working capital -156 -108 -282 -301 -551 Cash generated from operations 251 117 13 106 -85 Direct taxes paid (n
Slide 17: About the Company
Propelling Di Infrastr ABOUT THE COMPANY
Slide 18: Corporate Overview
Corporate Overview A global digital infrastructure services provider Black Box Limited is a global digital infrastructure integrator delivering network and system integration services and solutions, support services, and technology products to 35 30+ 5,000+ businesses in the United States, Europe, I
Slide 19: Global Footprint
Global Footprint Large presence to service the global players Seamlessly transforming technology across enterprises economically, uniformly, and with scale at a global level Across 6 Regions and 35+ Countries… Europe Austria Belgium Denmark Finland France Germany Italy Ireland Netherlands Asia-Pacif
Slide 20: Portfolio Offering
Portfolio Offering Global Solutions Integration Technology Product Solutions Others 85% 13% 2% Connectivity Infrastructure Audio Video Training Data Center Internet of Things Consulting Enterprise Networking Support Services Design services Modern Workplace Professional Services Cybersecurity 19 FY2
Slide 21: Technology Product Solutions
Technology Product Solutions Consulting Tailored combinations of technologies and products Factory Pre-Configuration High-Performance KVM and AV Video Wall IoT Monitoring, IP KVM Matrix Switching and Control and Sensors, and IT infrastructure, hardware Switching Extension Digital Signage Gateways and
Slide 22: Key Company Strengths
Key Company Strengths Strong Global 120+ Fortune 500 Delivery Model With clients Local Expertise Entrenched Well Positioned to Customer Capitalize on Strong Relationship Industry Tailwinds KEY STRENGTHS Strategic OEM Extensive Portfolio of Partnerships Globally Solutions and Services Trusted Partner
Slide 23: Select Customers
Select Customers Associated with many of the global marquee and fortune 500 companies 6 22 * Logos Are The Property Of Their Respective Owners
Slide 24: Technology Partners
Technology Partners Furthering Digital Acceleration on Strong Partnerships 6 23 * Logos Are The Property Of Their Respective Owners
Slide 25: Contact Us
Contact Us Company Investor Relations : Investor Relations Advisor : Black Box Limited Strategic Growth Advisors Private Limited CIN: L32200MH1986PLC040652 CIN: U74140MH2010PTC204285 Purvesh Parekh (Head of Investor Relations) Rahul Agarwal / Karan Thakker purvesh.parekh@blackbox.com rahul.agarwal@s