Slide 1: Group Results for the year ended 28 February 2026
GROUP RESULTS for the year ended 28 February 2026
Slide 2: Contents
CONTENTS 01 02 Summary Financial results 03 04 Operational review Prospects and outlook 2
Slide 3: Summary
01 SUMMARY • Financial results summary • Overview • Current trading
Slide 4: An exceptionally strong FY 2026 financial performance
DATATEC GROUP An exceptionally strong FY 2026 financial performance Gross invoiced income~ Gross profit Adjusted EBITDA* US$ 8.46 billion 9.3% US$ 997.8 million 9.6% US$ 290.1 million 17.8% v v (FY 2025: US$7.73 billion) (FY 2025: US$910.3 million) (FY 2025: US$246.2 million) ~ Gross invoiced income
Slide 5: Overview
DATATEC GROUP AI infrastructure investment driving demand for our products and services Resilient trading despite geopolitical impact of conflicts and trade wars Overview Vendors increasingly relying on channels and experienced partners to address complex digital solutions Very strong Westcon financ
Slide 6: Business aligned to many mega-growth trends and increasing complexity
DATATEC GROUP Business aligned to many mega-growth trends and increasing complexity Software and services AI adoption is Improved operating Much reduced interest Strong operating cash mix over 70% of rapidly increasing leverage expense generation gross sales IT complexity 6 01 | Summary 02 | Datatec
Slide 7: Financial Results
SS DATATEC The Digital Channels Company 02 FINANCIAL RESULTS
Slide 8: Financial performance
DATATEC GROUP Financial performance ^ FY 2025 US$m FY 2026 Restated^ % Movement Gross invoiced income 8 457.7 7 734.9 9.3% As reported: Revenue^ 3 670.0 3 551.9 3.3% Gross profit 997.8 910.3 9.6% Gross profit growing more than Operating costs (728.7) (689.0) 5.8% top line EBITDA 269.1 221.3 21.6% EB
Slide 9: Financial performance – segmental
DATATEC GROUP Financial performance ̶ segmental Technology Distribution ICT Solutions and Services Westcon International Logicalis International Logicalis Latin America FY 2025 US$m FY 2026 Restated^ FY 2026 FY 2025 FY 2026 FY 2025 Gross invoiced income 5 744.1 5 241.9 2 148.8 1 922.0 524.9 531.7 As
Slide 10: Gross invoiced income analysis: Stable geographic sales mix
DATATEC GROUP Gross invoiced income analysis: Stable geographic sales mix 9% 10% 6% 8% 9% 24% 7% FY 2026 24% Europe remains approximately half of the business FY 2025 52% 51% North America Latin America Europe Asia-Pacific MEA 10 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logica
Slide 11: 71% of income now derived from software and services
DATATEC GROUP Gross invoiced income analysis: 71% of income now derived from software and services 29% 31% More software net accounted FY 2026 FY 2025 Software and services continue to grow as a percentage 71% 69% Hardware Software and services (incl. annuity) 11 01 | Summary 02 | Datatec Group 03 |
Slide 12: Balance sheet summary
DATATEC GROUP Balance sheet summary ^ US$m FY 2026 FY 2025 Assets 4 645.0 3 973.3 Non-current assets Goodwill 290.1 274.2 Net debt continues to reduce, Acquired intangible assets and software 27.7 27.9 with excellent cash performance in both Logicalis businesses Other non-current assets 762.3 624.3
Slide 13: Balance sheet summary – segmental
DATATEC GROUP Balance sheet summary ̶ segmental Technology Distribution ICT Solutions and Services Westcon International Logicalis International Logicalis Latin America US$m FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 Assets 2 710.9 2 278.9 1 404.3 1 153.3 425.8 432.9 Non-current assets Goodwill
Slide 14: Cash flow
DATATEC GROUP Cash flow ^ US$m FY 2026 FY 2025 Cash generated from operations 218.9 286.8 Net finance costs paid (46.3) (56.8) Strong operating cash Taxation paid (56.1) (40.3) generation Net cash inflow from operating activities 116.5 189.7 Net cash outflow from investing activities (21.2) (25.7) M
Slide 15: Operational Review
SS DATATEC The Digital Channels Company 03 OPERATIONAL REVIEW
Slide 16: Westcon Comstor
a Westcon 4,4 Comstor -
Slide 17: Westcon International: Strong performance across all key metrics
WESTCON INTERNATIONAL Strong performance across all key metrics Robust growth, Increased demand for Net working capital Enhanced cash returns 27 countries gross invoiced network infrastructure remains tightly to shareholders achieve GPTW# income up 10% YoY & cyber security controlled maintained cert
Slide 18: Gross invoiced income – recurring sales growing to 68% of total
WESTCON INTERNATIONAL Gross invoiced income – recurring sales growing to 68% of total sales Total gross invoiced income Recurring gross invoiced income US$m US$m 5,744 5,242 3,894 Gross invoiced income increased 3,452 9.6% Recurring gross invoiced income increased 12.8% FY 2025 FY 2026 FY 2025 FY 20
Slide 19: Healthy sales growth across all geographies
WESTCON INTERNATIONAL Healthy sales growth across all geographies Gross invoiced income Reported revenue^ US$m US$m 5,744 5,242 Double digit gross invoiced income 3,479 growth in APAC and MEA 3,282 Reported revenue grew 2.8% 1,935 1,881 1,543 1,373 1,100 1,136 Greater software proportion in sales 58
Slide 20: Gross invoiced income analysis
WESTCON INTERNATIONAL Gross invoiced income analysis Gross invoiced income by business unit Gross invoiced income by customer 12% FY 2026 FY 2026 30% 12% 31% FY 2025 FY 2025 54% 34% 54% 69% 34% 70% Comstor* Westcon Value-add resellers System integrators Service providers * Westcon International’s Ci
Slide 21: Cyber security is more than half of category sales
WESTCON INTERNATIONAL Cyber security is more than half of category sales, continued growth in software Gross invoiced income by technology category Gross invoiced income by segment 6% 2% FY 2026 FY 2026 29% 7% 2% 21% 32% 41% 42% 22% FY 2025 51% FY 2025 52% 7% 37% 7% 42% Cyber security Data centre an
Slide 22: Gross profit grew by 13%
WESTCON INTERNATIONAL Gross profit grew by 13% US$m 499 441 Includes US$15.5m accrual release related to positive resolution of multi-jurisdiction tax claims Excluding one-off tax release, gross profit increased 9.6% with improvements across all regions FY 2025 FY 2026 22 01 | Summary 02 | Datatec G
Slide 23: Adjusted EBITDA grew by 15%
WESTCON INTERNATIONAL Adjusted EBITDA grew by 15% US$m 172 150 Weaker Dollar vs. Euro and Sterling resulted in higher European operating costs stated in US FY 2025 FY 2026 23 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis International 05 | Logicalis Latin America 06 | Pro
Slide 24: EBITDA grew by 20%
WESTCON INTERNATIONAL EBITDA grew by 20% US$m 163 136 Improved valuation drove higher IFRS 2 charge Results include restructuring, corporate development expense, one-time tax releases FY 2025 FY 2026 24 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis International 05 | Logi
Slide 25: Top line growth drove slight expansion of working capital
WESTCON INTERNATIONAL Top line growth drove slight expansion of working capital compared to prior year Days/turns US$m 91 86 1,519 1,514 75 1,317 1,230 NWC days increased by 5 days with 66 higher DSO, lower inventory turns Year-end falling on a weekend delayed large collections 16.0 14.6 DPO also gr
Slide 26: Net debt managed through the cycle
WESTCON INTERNATIONAL Net debt managed through the cycle US$m - (100) (200) Expansion in NWC drove US$103m increase in Feb 2026 net debt (300) (400) Average of US$280m in net debt over 36 month period (500) Year-end growth drove January peaks in net debt (600) (700) Mar Apr May Jun Jul Aug Sep Oct N
Slide 27: Strong demand for networking infrastructure and cyber solutions
WESTCON INTERNATIONAL Strong demand for networking infrastructure and cyber solutions Cyber security demand continues to outpace broader IT spend Resilient structural demand for enterprise networking Strong secular forces driving AI infrastructure investment Challenging geopolitical landscape and su
Slide 28: Logicalis
~~ LOGICALIS . Architects of Change e
Slide 29: Logicalis International
LOGICALIS INTERNATIONAL TA LOGICALIS Architects of Change
Slide 30: Improved gross margins and operating leverage driving excellent results
LOGICALIS INTERNATIONAL Improved gross margins and operating leverage driving excellent results Strong order Sustainable increase Continued Excellent improvement Robust working intake & growth in in cloud-based investment in in adjusted EBITDA & capital management & multi-year contracts revenues mod
Slide 31: Gross invoiced income grew by 12%
LOGICALIS INTERNATIONAL Gross invoiced income grew by 12% Total gross invoiced income Recurring gross invoiced income US$m US$m 2,149 1,922 Strong demand for both technology 1,351 infrastructure and annuity services 1,153 Continued growth in recurring gross invoiced income, 63% of total FY 2025 FY 2
Slide 32: All regions generated good momentum
LOGICALIS INTERNATIONAL All regions generated good momentum Gross invoiced income Reported revenue US$m US$m 2,149 1,922 Strong US growth driven by both annuity services and product sales 1,250 1,176 Reported revenue impacted by 797 762 833 increase in net accounted revenue 702 519 458 455 507 367 3
Slide 33: Recurring annuity services in the total sales mix
LOGICALIS INTERNATIONAL Recurring annuity services now contribute 35% of the total sales mix Gross invoiced income by segment Gross invoiced income – cloud* % US$m US$1.9bn US$2.1bn 506 33% 35% 410 23% 11% 10% 27% 28% 29% 27% FY 2025 FY 2026 FY 2025 FY 2026 * Includes cloud sales related to annuity
Slide 34: Gross profit up 8%
LOGICALIS INTERNATIONAL Gross profit up 8% US$m 386 357 Strong gross margin at 31% driven by annuity services and product portfolio mix Improvements in both vendor resold maintenance and delivered managed services FY 2025 FY 2026 34 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Log
Slide 35: Adjusted EBITDA grew by 22%
LOGICALIS INTERNATIONAL Adjusted EBITDA grew by 22% US$m 115 94 Significant improvement in adjusted EBITDA margin to 9.2% Improving operating efficiencies, 30% of gross profit converts into EBITDA FY 2025 FY 2026 35 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis Internatio
Slide 36: EBITDA increased by 20%
LOGICALIS INTERNATIONAL EBITDA increased by 20% US$m 108 90 All regions had good EBITDA growth US was largest contributor to EBITDA growth Positive progress in UK and South Africa FY 2025 FY 2026 36 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis International 05 | Logicali
Slide 37: Working capital benefiting from structural improvement in inventory levels
LOGICALIS INTERNATIONAL Working capital benefiting from a structural improvement in inventory levels as mix changes Days US$m 89 89 334 306 274 261 Inventory days remain low 41 DPO remains stable 39 Strong cash generation from good 11 36 35 working capital management 8 DSO DIO DPO Accounts Inventory
Slide 38: Strong performance expected to continue into FY 2027
LOGICALIS INTERNATIONAL Strong financial performance in FY 2026 expected to continue into FY 2027 Cyber security becoming a core growth area AI driving infrastructure investment and networking refresh Increase in on-premises IT solutions with hybrid-cloud Predictable and increasing recurring revenue
Slide 39: Logicalis Latin America
LOGICALIS LATIN AMERICA TA LOGICALIS Architects of Change
Slide 40: Considerably improved financial performance
LOGICALIS LATIN AMERICA Considerably improved financial performance Solid financial Gross margin Strict OPEX control & Strong improvement Reduced finance costs, results recovery improvement resized business in EBITDA & net income large debt reduction 40 01 | Summary 02 | Datatec Group 03 | Westcon I
Slide 41: Recurring gross invoiced income up 6%
LOGICALIS LATIN AMERICA Recurring gross invoiced income up 6% Total gross invoiced income Recurring gross invoiced income US$m US$m 532 525 Revenue decline driven by lower 290 308 order intake, mainly in Mexico FY 2025 FY 2026 FY 2025 FY 2026 41 01 | Summary 02 | Datatec Group 03 | Westcon Internati
Slide 42: Strong recovery in Southern Latin America
LOGICALIS LATIN AMERICA Strong recovery in Southern Latin America (SOLA region) Gross invoiced income Reported revenue US$m US$m 532 525 455 446 Decline in NOLA driven by Mexico 244 236 Increase in SOLA driven by Chile 221 207 203 205 176 167 112 81 68 38 Brazil NOLA SOLA Total Brazil NOLA SOLA Tota
Slide 43: Strong increase in annuity services
LOGICALIS LATIN AMERICA Strong increase in annuity services Reduction in low margin Microsoft licences Gross invoiced income by segment Gross invoiced income – cloud* % US$m US$532m US$525m 78 65 35% 40% 17% 13% 11% 20% 19% 32% 30% FY 2025 FY 2026 FY 2025 FY 2026 * Includes cloud sales related to an
Slide 44: Gross profit increase of 1%
LOGICALIS LATIN AMERICA Gross profit increase of 1% US$m 104 105 GP increased in Argentina and reduced in Mexico Gross margin percentage growing year-over-year FY 2025 FY 2026 44 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis International 05 | Logicalis Latin America 06 |
Slide 45: Adjusted EBITDA grew by 21%
LOGICALIS LATIN AMERICA Adjusted EBITDA grew by 21% US$m 24 20 Adjusted EBITDA outstripped gross profit growth Healthy growth from operating cost control FY 2025 FY 2026 45 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis International 05 | Logicalis Latin America 06 | Prosp
Slide 46: Similar performance at EBITDA up US$5m
LOGICALIS LATIN AMERICA Similar performance at EBITDA up US$5m US$m 24 19 Improving gross profit to EBITDA conversion Reduced foreign exchange movements FY 2025 FY 2026 46 01 | Summary 02 | Datatec Group 03 | Westcon International 04 | Logicalis International 05 | Logicalis Latin America 06 | Prospe
Slide 47: Excellent working capital management
LOGICALIS LATIN AMERICA Excellent working capital management Days US$m 171 164 124 96 90 73 Decrease in DSO days mainly due to better business mix 73 45 15 12 9 6 DSO DIO DPO Accounts Inventory Accounts receivable payable FY 2025 FY 2026 47 01 | Summary 02 | Datatec Group 03 | Westcon International
Slide 48: Positioned for continued recovery and resilience
LOGICALIS LATIN AMERICA Positioned for continued recovery and resilience Return to a sustainable growth path in all regions Focus on enterprise IT, network and cyber infrastructure Improved gross margins and lower operating expenses Re-modelling Mexico to diversify customer base 48 01 | Summary 02 |
Slide 49: Prospects and Outlook
SS DATATEC The Digital Channels Company 04 PROSPECTS AND OUTLOOK
Slide 50: Prospects and outlook
DATATEC GROUP Prospects and outlook Global geopolitical situation creating AI infrastructure investment driving more uncertainty in trade, energy and inflation networking and on-premises computing Focus on operating leverage, quality of Unlocking shareholder value remains a earnings and cash generat
Slide 51: Thank you
THANK YOU www.datatec.com www.westconcomstor.com www.logicalis.com www.la.logicalis.com www.masonadvisory.com