Slide 1: 2026 Full-year results briefing presentation
Investor presentation Investor presentation 19 August 2026 STEALTH GROUP HOLDINGS LTD Australia's leading independent distributor and retailer supplying products and solutions for the workplace and home. 2026 Full-year results briefing presentation ASX code: SGI www.stealthgi.com investors@stealthgi
Slide 2: Important notice and disclaimer
Important notice and disclaimer This document has been prepared by Stealth Group Holdings Ltd (the Company) and is provided for information To the maximum extent permitted by law, each Limited Party expressly disclaims any and all liability, including, without purposes only. This document does not c
Slide 3: Presentation outline
Presentation outline Presentation outline Item Presenter Page FY26 Performance highlights Mike Arnold 4 2026 Financial performance Matthew Green 15 Strategy & path to FY28 targets Mike Arnold 25 Outlook Mike Arnold 33 Questions Mike Arnold Matthew Green Appendix: Supplementary information 37 More de
Slide 4: FY26 Performance highlights
FY26 Performance highlights 4 Stealth Group Holdings | 2026 Full-year results
Slide 5: Opening key messages
Opening key messages Opening key messages A Transformational Year FY27 started strongly • >$100m New annualised sales secured, commencing • Delivered record financial results, with sales reaching $165m. progressively in 1H27. • Acquired HBT for $22m, adding Australia’s largest • FY27 sales expected
Slide 6: FY26 full-year financial highlights
FY26 full-year financial highlights FY26 full-year financial highlights Total sales EBITDA increased 13.8% to increased 46.2% to Strong results driven by organic and inorganic growth, resilient markets and strong execution. $165.1m $14.4m Revenue $146.0m1 EBITDA margin 8.7% of Sales Industrial & Saf
Slide 7: Hardware & Building Traders (HBT) — Acquisition Recap
Hardware Building Traders (HBT) — Acquisition Recap Hardware & Building Traders (HBT) — Acquisition Recap Transaction summary Strategic Rationale: • Aggregates independent trade and retail businesses with suppliers, • Transformed group scale and market position in a $120bn creating purchasing scale
Slide 8: A step-change in scale and capability
A step-change in scale and capability A step-change in scale and capability Industry-defining expansion Group Purchasing volume Network locations increased 27Bn to increased ~$645M to increased 1165 to $120Bn market $770m + ~1,200 High-barrier distribution platform in a Group purchasing ecosystem wi
Slide 9: Strong strategic execution has transformed the Group
Strong strategic execution has transformed the Group Strong strategic execution has transformed the Group STEALTH AT A GLANCE TODAY Description Definition Who we are Australia's leading independent distributor and retailer serving every workplace, industry, trade and home What we supply Hardware, ho
Slide 10: Our Business model
Our Business model Our Business model A multi-channel distributor and retailer providing a wide range of products and solutions across the entire value chain Suppliers Revenue Pillars Customers Category leaders: leading 01 02 03 Independent retailers national & global brands Businesses and Strategic
Slide 11: Our multi-channel platform serving the workplace, trade, industry and home
Our multi-channel platform serving the workplace, trade, industry and home Australia’s largest independent distributor across hardware, home improvement, building, industrial, safety and consumer mark ets, with leading market positions. Australia’s #1 member-based One of WA’s leading B2B B2B and B2C
Slide 12: Expanding our offer to capture a greater share of a $120bn market
Established and built capability expanding our offer to capture a greater share of a $120bn market A track record of continually expanding our EXPANSION • Hardware addressable market, now at $120bn • Hardware • Doors • Timber • Bathroom • Building supplies • Building supplies • Plumbing • Home • Fib
Slide 13: Execution across the group
Execution across the group Summary of strategic and operational performance highlights. 1 Acquired HBT 2 Expanded network scale 3 Expanded supplier network 4 Consolidated supplier terms $22m purchase price, added National store footprint from 32 to Increased number of suppliers Unified 167 group buy
Slide 14: Outlook — now we accelerate growth and convert scale into earnings
Outlook — now we accelerate growth and convert scale into earnings 01 $500m+ FY28 sales target 04 $400m+ annual sales opportunity Upgraded from $300m following the HBT acquisition. Identified $400m+ annual sales opportunity by converting more of the Group’s existing $770m purchasing ecosystem into r
Slide 15: 2026 Financial performance
2026 Financial performance 15 Stealth Group Holdings | 2026 Full-year results
Slide 16: FY2026 Group performance financial summary
FY2026 Group performance financial summary FY2026 Group performance financial summary ($m unless otherwise stated) FY 2026 FY 2025 Change 1 Sales 165.1 145.1 +13.8% 1/2 Statutory Revenue 146.0 141.7 +3.0% 6.7% growth on a like-for like basis EBITDA 14.4 9.9 +46.2% EBITDA margin 8.7% 6.8% +28.5% NPAT
Slide 17: Five years of growth performance
Five years of growth performance Sales growth Statutory EBITDA NPAT growth EPS growth ($m) growth ($m) ($m) (cents) 180 16 7 4.5 18.8% 37.7% 59.8% 48.5% CAGR CAGR CAGR CAGR 160 4 14 4.12 165.1 6 14.4 140 3.5 5.8 145.1 12 5 120 3 10 113.7 4 2.5 111.1 100 9.9 2.63 8 99.6 80 2 3 3.1 6 60 1.5 69.7 6.1 2
Slide 18: Income
Income Record year of Sales and Revenue growth • Strong growth punctuated by the HBT acquisition that contributed $19m in Year ended 30 June 2026 FY26 FY25 Variance (%) sales and $8.9m in revenue for FY26. ($m) unless otherwise stated Key financials • Base business (pre HBT) had a 1% increase in sal
Slide 19: FY26 sales mix on $165m in sales
FY26 sales mix on $165m in sales FY26 sales mix on $165m in sales Customer segment Product segment Heatleys, C&L Tool Centre, Force Technology and Heatleys, C&L Tool Centre, Force Technology and Hardware & Building Traders. Hardware & Building Traders. 11.5% 12% 4.8% 2.7% 51% Industrial MRO 14% 81.0
Slide 20: Balance sheet
Balance sheet Robust balance sheet to support growth Robust balance sheet to support growth • Strong capital management provides flexibility to pursue growth while managing downside risk. Year ended 30 June ($m) FY26 FY25 • Intangible assets increased as a result of goodwill on acquisition of HBT. W
Slide 21: Investment capital expenditure
Investment capital expenditure We remain an asset-light business model Year end 30 June ($m) FY26 FY25 Variance • Gross capital expenditure: Private Label and Exclusive Distribution 1.0 1.6 (0.6) – $4.1m - 2.5% of sales New Digital Commerce Channels 0.4 1.2 (0.8) 1 – Continued capital light business
Slide 22: Working capital, cash flow
Working capital, cash flow Continued focused and disciplined approach to capital management • Cash in bank Year ended 30 June ($m) FY26 FY25 – $32.1m solid cash in bank, (2025: $14.4m). Statutory EBITDA 14.4 9.9 • Positive operating cash flows Cash from operations 7.9 6.6 – $7.9m solid cash from ope
Slide 23: Capital management
Capital management Cash from operations Investing activities Financing activities 40.0 35.0 18.7 32.1 30.0 14.4 (2.4) (1.2) 25.0 (2.0) (2.5) (0.1) 20.0 18.9 (4.1) 15.0 14.4 (1.8) 10.0 5.0 0.0 (17.0) (1.9) (1.3) (5.0) Increase Decrease Total Stealth Group 2026 Full-year results | 23
Slide 24: Debt management
Debt management Low leverage provides flexibility to execute on opportunities Gearing ratio (%) 40% (net debt / net debt + equity) Financial summary ($m) FY26 FY25 FY24 FY23 Statutory EBITDA 14.4 9.9 6.1 5.3 34.7% 30% 31.1% Cash and equivalents 32.1 14.4 10.1 7.7 Net debt 7.7 6.8 10.8 7.2 20% 18.4%
Slide 25: Strategy & Path to FY28 targets
Strategy & Path to FY28 targets 25 Stealth Group Holdings | 2026 Full-year results Stealth Group 2026 Full-year results | 25
Slide 26: Strategy and path to FY28 targets Summary
Strategy and path to FY28 targets Summary • Our Strategy / architecture • Growth levers + opportunities • Outcomes + measurable targets • Path / bridge from FY26 to FY28 • Execution example Stealth Group 2026 Full-year results | 26
Slide 27: Key message
Key message A significantly larger growth opportunity now exists — with a clear pathway to scale sales, earnings and shareholder value Opportunity Target outcome • A larger platform with substantial embedded growth Scale the Group and compound value creation • $770m existing Group purchasing ecosyst
Slide 28: Our Strategy: Building a winning value proposition
Our Strategy: Building a winning value proposition Essential products and solutions for every workplace, trade, industry and home SOURCING & SUPPLY SOLUTIONS PRODUCTS & SOLUTIONS PRODUCTS & SOLUTIONS Value proposition FOR EVERY PARTNER FOR EVERY INDUSTRY FOR EVERY HOME where independents and supplie
Slide 29: Growth levers and where the opportunity sits
Growth levers and where the opportunity sits Growth levers and where the opportunity sits Growth Priorities / Execution Strategic Growth Lever Opportunity Engines 1 Simplify the Supply Chain Supplier Growth • Partnerships, procurement capability, exclusive distribution; Ecosystem Channel Growth • Co
Slide 30: Expected outcomes and how success will be measured
Expected outcomes and how success will be measured Expected outcomes and how success will be measured Strategic Growth Lever Expected Outcome Financial Expected Outcome Target / Measure of Success 1 Simplify the Supply Chain Greater monetisation of the HBT Higher recognised sales, commercial • $400m
Slide 31: Pathway bridge from FY26 to FY28
Pathway bridge from FY26 to FY28 Pathway bridge from FY26 to FY28 Target • $400m new sales opportunity from existing purchase volume $million’s 500 Top 3 growth engines Secured • Convert existing purchase volume to recognised sales and earnings. FY26 265 recognised sales at 21%, target 75%. 165 • Gr
Slide 32: Execution: Simplifying HBT purchasing ecosystem to unlock value and sales
Execution: Simplifying HBT purchasing ecosystem to unlock value and sales TODAY IS COMPLEX TOMORROW IS SIMPLE The Big Value-Added Shift: One commercial model simplifies how Members, Suppliers and Stealth trade — reducing friction and cost, increasing value and creating scalable efficiency. Complex w
Slide 33: Outlook
Outlook 33 Stealth Group Holdings | 2026 Full-year results
Slide 34: Trading update & Outlook
Trading update & Outlook A significantly larger growth opportunity now exists — with a clear pathway to scale sales, earnings and shareholder value FY27 started strongly: • Strong Growth Momentum continues • FY27 sales expected to exceed >$265m on a run-rate basis, representing a +56% uplift on FY26
Slide 35: Reiterating FY28 targets
Reiterating FY28 targets FY28 FY26 Sales $500m $165m EBITDA margin on sales 8-12% 8.7% NPAT margin on sales 5-8% 3.5% Capital Expenditure margin 1.5% 1.9% 1Brand distribution – preferred suppliers, 35%+ 23% exclusive and own-label products 1 Brand distribution includes preferred suppliers for HBT ce
Slide 36: Questions?
Questions? 36 Stealth Group Holdings | 2026 Full-year results
Slide 37: Appendix: Supplementary information
Appendix: Supplementary information 37 Stealth Group Holdings | 2026 Full-year results
Slide 38: 5-year Historical Results Overview
5-year Historical Results Overview 5-year Historical Results Overview Year ended 30 June FY26 FY25 FY24 FY23 FY22 Sales ($m) 165.1 145.1 113.7 111.0 99.6 Revenue ($m) 146.0 141.7 113.7 111.0 99.6 Statutory ($m) 14.4 9.9 6.1 5.3 4.0 Statutory NPAT ($m) 5.8 3.1 1.4 0.9 0.6 Earnings per share (cents) 4
Slide 39: Glossary
Glossary TERM DEFINITION TERM DEFINITION ABN Australian Business Number HBT Hardware and Building Traders ANZ Australia and New Zealand IPO Initial public offering ASX Australian Securities Exchange JV Joint venture CAGR Compound annual growth rate Member purchases Annual purchases made by HBT membe
Slide 40: Appendix – Company overview
Appendix 2 – Company overview Stealth Group Holdings | 2026 40
Slide 41: Corporate Information
ASX:SGI - Corporate Information ASX:SGI - Corporate Information Key fundamentals Share price chart Source: Market index Source: ASX 30 June 2026 Market Cap ($m) $192.9m Total Shareholder Return 1-year ~77% Total Shareholder Return 3-year CAGR ~118% Share Price (30 June 2026) $1.29 Total Shares 149,5
Slide 42: Stealth's strategic acquisition and organic growth history
Stealth’s strategic acquisition and organic growth history Stealth’s strategic acquisition and organic growth history Through successful acquisitions, alliances and launches, Stealth has built one of Australia’s Sales Growth leading independent distributor and retailer serving the workplace and home
Slide 43: Our large scale is our difference – distinct competitive advantages
Our large scale is our difference – distinct competitive advantages Our large scale is our difference – distinct competitive advantages — supplying products and solutions for every workplace, trade, industry and home BROAD PRODUCT RANGE & AUSTRALIA’S LARGEST NETWORK MULTIPLE CHANNELS TO MARKET PEOPL
Slide 44: Store Network Across Australia
Store Network Across Australia Stealth's physical store footprint comprises three distinct store formats Company-Owned Branches & Stores • Stealth-owned and operated Heatleys Safety, Industrial & Hardware and C&L Tool Centre, serving commercial, trade and DIY customers across 8 locations in WA, SA a
Slide 45: Broad product range
Broad product range Broad product range Access to 1 million+ products across multiple categories. Broad assortment of everyday and essential products for every workplace, trade, industry and consumer. Supported by more than 1,300+ supplier relationships. Our brands incorporate a mix of • market lead
Slide 46: Brands we partner with
Brands we partner with Brands we partner with Sample Across hardware, home improvement, building supplies, industrial MRO and Safety range • 1,300 suppliers the group holds strong long-standing relationships representing some of Australia’s, and global leading recognised brands. Stealth Group 2026 F
Slide 47: Products and Brand range - Exclusive / Own-label
Products and Brand range - Exclusive / Own-label Products and Brand range - Exclusive / Own-label Represents ~22% of FY26 group sales Consumer Retail – FY26 $38m sales Hardware & Industrial & Safety – FY26 $0.6m sales Global brands Own label range Exclusive Own label range White-label 42 independent
Slide 48: Last slide
Last slide Stealth Group 2026 Full-year results | 48