Pwr Holdings Ltd. · ASX:PWH
Pwr — Investor Presentation (February 2026)
25 slides from Pwr's investor presentation, Feb 19, 2026
Slide 1: PWR Holdings Limited 2026 Half Year Result
PWR HOLDINGS LIMITED 2026 Half Year Result 19 February 2026 Engineering the Unfair Advantage
Slide 2: Disclaimer
Disclaimer This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a presentation concerning PWR. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell or otherwise dispose
Slide 3: Operating Performance
OPERATING PERFORMANCE Matthew Bryson Acting Chief Executive Officer
Slide 4: Highlights
Highlights Earnings momentum driven by volume growth and operating leverage Revenue up 27.8% to Results reflect strong second quarter • Revenue growth of 27.8% with excellent execution in the second quarter $80.4m • NPAT growth driven by revenue growth and strong utilisation of labour headcount • St
Slide 5: Delivered on FY26 H1 Strategic Priorities
Delivered on FY26 H1 Strategic Priorities New Australian factory A&D platform Profitable growth Global operating model Relocation to new site NADCAP accreditation of US 40% growth in Motorsports Stronger connection and complete facility (Heat Treatment/ decision making between Chemical Proce
Slide 6: Strong revenue growth driven by Motorsports and A&D
Strong revenue growth driven by Motorsports and A&D Revenue by market sector1 – FY26 H1 Revenue bridge – FY26 H1 vs. pcp Revenue mix – FY26 H1 $M FY26 H1 FY25 H1 Change 4.3 1.3 80.4 Other 12.8 (0.5) Aftermarket 1% (0.4) Motorsports 44.8 32.0 40.0%2 10% Aerospace & Defence 18.2 13.9 30.9%2 OEM 62.9 1
Slide 7: Financial Performance
FINANCIAL PERFORMANCE Sharyn Williams Chief Financial Officer
Slide 8: Financial Results
Financial Results Strong volume and earnings momentum, despite near-term impacts from $M FY26 H1 FY25 H1 Change growth investment Revenue 80.4 62.9 27.8% • Strong revenue growth driven by higher volumes across Motorsports and Aerospace & Raw materials and consumables (17.8) (13.8) 29.0% Defence mark
Slide 9: Net working capital and cash conversion
Net working capital and cash conversion Working capital Working capital movements and cash flow • Working capital has increased by $2.5m since 30 June 2025, reflecting higher receivables $M FY26 H1 FY25 FY25 H1 and inventory due to higher revenue and production levels Trade and other receivables 24.
Slide 10: Capex and Australian factory update
Capex and Australian factory update Capex supporting step change in capacity and capability, largely in Australia H1 FY26 Capex FY26F Capex • Increase reflects expansion of production capability across three sites and additional equipment to deliver A&D products 0.2 0.4 • Stapylton factory upgrade,
Slide 11: Balance sheet
Balance sheet Strong liquidity and conservative leverage Balance sheet • Balance sheet growth continues to provide material capacity to fund future growth December June December $M 2025 2025 2024 • Rise in property, plant and equipment reflects the previously announced investment in Assets global ca
Slide 12: Strategy and Outlook
STRATEGY AND OUTLOOK Matthew Bryson Acting Chief Executive Officer
Slide 13: Extending global leadership position in Thermal Management
Extending global leadership position in Thermal Management Designing and manufacturing high performance thermal solutions for mission-critical applications Leveraging Motorsports …where PWR is becoming a proven …into Aerospace and Defence… innovation leadership… supplier to major primes 10% 51 • App
Slide 14: A&D favourable medium-term outlook underpinned by structural trends
A&D favourable medium-term outlook underpinned by structural trends Global Aerospace & Defence Thermal Management Systems Market Advanced cooling is an enabling USD 23.8B requirement for higher-power aerospace and defence systems Forecast market growth - 6.6% CAGR (CY24-34)1 Large and growing addres
Slide 15: Strategic Priorities
Strategic Priorities Innovation Profitable growth Sustainability Investing in our people • Continued R&D Investment • Confidence in forward pipeline - • Solar and water treatment • Securing skilled labour remains generating increasing revenue disciplined production and plant at new Stapylton an ongo
Slide 16: Leadership team with over 90 years PWR experience
Leadership team with over 90 years PWR experience Matthew Bryson (23 yrs) Sharyn Williams (1 yr) Robert Shore Ben Jackson (9 yrs) Andi Scott (10 yrs) Acting CEO / Chief Technical & Chief Financial Officer / Incoming Chief Financial Chief Operating Officer General Manager – Advanced Commercial Office
Slide 17: Motorsports and OEM outlook
Motorsports and OEM outlook Motorsports ET pipeline1 reflects positive F1 changes and new OEM programs Motorsport and OEM update Motorsports • Number of current financial year (FY) key 37 discrete key programs • F1 regulation changes contain technical change of unprecedented complexity – impacts bot
Slide 18: Aerospace and Defence outlook
Aerospace and Defence outlook Top 40 programs A&D key segments update Top 40 programs 1. Aerospace and Defence • The A&D pipeline prioritises the top 40 • Supportive demand backdrop for PWH’s advanced cooling capability set 40 40 most compelling prospects 34 - FY26 U.S. defence budget up ~13% YoY wi
Slide 19: Outlook
Outlook Market sectors outlook Group outlook Motorsports Modest NPAT margin improvement - Strong but moderating H2 revenue growth1 expected in FY26 - Based on the current pipeline, FY27 is expected to be in line with elevated regulation driven FY26 revenue - Higher volumes – improved operating lever
Slide 20: Appendix
APPENDIX
Slide 21: Pipeline – OEM and Motorsport Emerging Technology
Pipeline – OEM and Motorsport Emerging Technology1 Prod. Program Status SOP1 FY Years FY2026 FY2027 FY2028 Motorsports - Hybrid & Electric Nominated Supplier - multiple Teams 2026 TBC 1 1 1 Secured/Won/In production/ future production Hypercar (800) Nominated Supplier 2024 8 1 1 1 Supercar (72) Nomi
Slide 22: Top 40 pipeline – Aerospace and Defence
Top 40 pipeline – Aerospace and Defence1 Status SOP1 FY Prod. Years FY26 FY27 FY28 Nominated Production 2025 Ongoing Secured/Won/In production/future production Nominated Production 2025 Ongoing In Discussions 2027 10 Potential/In discussion/program design and/or planning phase In Discussions 2027 O
Slide 23: Glossary
Glossary Term Definition AASB Australian Accounting Standards Board AASB 16 Accounting standard requiring most leases to be capitalised on the balance sheet, with lease expenses replaced by depreciation and interest A&D Aerospace and defence Aftermarket The market for parts and accessories used in t
Slide 24: Revenue by market sector, including Emerging Technology
Revenue by market sector, including Emerging Technology Emerging Total Emerging Total $M Advanced Cooling Advanced Cooling Change Technology1 FY26 H1 Technology1 FY25 H1 Motorsports 32.5 12.3 44.8 24.1 7.9 32.0 40.0% Aerospace & Defence - 18.2 18.2 - 13.9 13.9 30.9% Automotive Aftermarket 8.3 0.1 8.
Slide 25: PWR Europe, PWR Head Office, PWR North America
CZ... PWR EUROPE PWR HEAD OFFICE PWR NORTH AMERICA AUSTRALIA PWR Europe Limited PWR Holdings Limited C&R Racing Inc. Unit C, Valley Point Valley Drive Rugby, P.W.R. Performance Products Pty Ltd 6950 Guion Road Warwickshire, CV21 1TN 28 Quarry Road, Stapylton Indianapolis, IN United Kingdom Queenslan