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www.lucecoplc.com 2026InterimResultsSeptember 2026
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2 Luceco plc 2026 Interim Results Presentation Agenda Highlights Financial and Business Review CEO First Impressions Outlook Q & ANote: ‘Adjusted’ has been used throughout this presentation and is defined in note 1 of the consolidated financial statements Sync Energy “Link” EV Charger
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3 Luceco plc 2026 Interim Results Presentation Highlights +13.9%L4L RevenueGrowth+11.9%vs H1 2025 2.1pInterim Dividend+16.7%vs H1 2025 £15.8mAdjusted Operating Profit+14.5%vs H1 2025 6.7pAdjusted EPS+13.6%vs H1 2025 11.1%AdjustedOperating Margin+0.1pptsvs H1 2025 £142.6mRevenue+13.4%vs H1 2025 1.5xBankNet Debt Ratio-0.1xvs H1 2025 20.5%Return on Capital Invested +0.5%vs H1 2025
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Financial and Business ReviewWill HoyCFO
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5 Luceco plc 2026 Interim Results Presentation H1 revenue and profit growth accelerated, supported by the Energy TransitionChange (%)H1 2025 H1 2026Adjusted £m+13.4%125.7142.6Revenue+13.3%52.859.8Gross profit-0.1ppts42.0%41.9%Gross margin %+12.8%(39.0)(44.0)Overhead costs+14.5%13.815.8Operating profit+0.1ppts11.0%11.1%Operating margin %-3.3%(3.0)(2.9)Net finance expense+19.4%10.812.9Profit before tax+57.9%(1.9)(3.0)Tax+11.2%8.99.9Profit for the period+13.6%5.96.7Basic EPS (p) •Revenue of £142.6m up 13.4%Energy Transition growth of 119.5% (L4L)Core business growth of 6.5% (L4L)All segments in growth•Gross margin broadly in line with the prior yearContinued productivity and cost controlClose monitoring of material price changes and dialogue with customersTight focus on overseas operations facing challenging markets •Adjusted Operating Profit of £15.8m14.5% up on the prior year Investment in Energy Transition related support•Adjusted EPS of 6.7p up 13.6%Stable interest costs and Group tax rate below the UK Corporate rate•Dividend of 2.1pUp 16.7% reflecting the full year momentum
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6 Luceco plc 2026 Interim Results Presentation Revenue Bridge (£m)Revenue: Like-for-like growth +13.9%•Revenue increase of 13.4%Currency headwind of 0.5%Underlying like-for-like increase of 13.9%•Revenue by segment highlightsSignificant contribution from Portable Power, with 10.2% of the Group’s growth. The segment grew 46.7% in the period, which includes Energy Transition growth of 119.5% Underlying Wiring Accessories, which are nearly half the Group’s revenue, grew by a robust 6.1% and contributed 3.0% to the Group’s revenue improvementLED Lighting moderate growth of 2.4% in more benign markets (0.6)H1 20253.8+0.7%+3.0%125.7142.6-0.5%+10.2%12.80.9+13.4% H1 2026CurrencyWiring AccessoriesPortable PowerLED Lighting
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7 Luceco plc 2026 Interim Results Presentation Adjusted Operating Profit: Increase of +14.5%•Significant growth in Portable PowerEnergy Transition a key growth area within this segmentThe segment represents 16.7% of underlying growth despite related infrastructure investment•Wiring Accessories and LED LightingGross margin temporarily impacted by underlying material cost including Copper and SilverOver the last 2 years main Telford logistics facility has been expanded with our increased portfolio Adjusting Operating Profit Bridge (£m) H1 20252.3+0.7%-2.9%13.815.8+16.7%(0.4)0.1+14.5% H1 2026Wiring AccessoriesPortable PowerLED Lighting
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8 Luceco plc 2026 Interim Results Presentation H1 cash outflow reflects working capital investment to support growthWorking capital*H1 2026H1 202530.4Adjusted Free Cash Flow bridge (£m)Capex(1.1)Interest- Tax(3.3)•Adjusted Free Cash outflow of £2.1m, with working capital outflow with stock build for significant H2 2026 •Expecting full year free cash flow to be lower than prior year with higher accounts receivable at end of year•Tax rate expected to be marginally below UK Corporate tax rate of 25% EBITDA growth(10.1)(2.1)2.110.3 * Includes other non-cash movements of £1.0m relating to share-based payments, profit/loss on disposals and other non-cash items
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9 Luceco plc 2026 Interim Results Presentation Free cash and Bank Net Debt •Strong Free Cash Flow historically, with c.£52m over last 3 full years•As illustrated, H2 Free Cash Flow historically stronger•Inventory increase largely driven by volume and higher value per stock due to higher proportion of higher value per unit EV stock•Bank Net Debt in middle of target range of 1-2x at 1.5x Working capital management Adjusted Free Cash Flow (£m) Working capital management14545.78314154.07613659.27814571.276Average InventoryDaysInventory (£m) Debtor days H1 2026 5.0(2.8)(8.0)(1.7)10.313.833.526.05.220.118.830.718.03.530.4(2.1)FY21 FY22 FY23 FY24 FY25 H126 H1H218.431.631.130.514.832.17.87.87.87.87.829.729.729.729.7FY23 H124 FY24 H125 FY25 H1260.6xBank leverage1.1x68.01.6x52.31.6x69.61.5xBank Net Debt (£m)Excluding acquisitionsD-Line purchaseCMD purchase68.61.2x39.418.4H1 2025H1 2024H1 2023
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10 Luceco plc 2026 Interim Results Presentation Electrification creates a multi-decade growth opportunity for LucecoUK EV charger installations2(units, m) 2. Company estimates based on SMMT and industry sourcesSustained double digit growth forecasted in addressable EV charger market•New electric vehicle sales recovered momentum in H1•Market growth sustained well beyond 2030 GB electricity percent of consumer energy demand1 13% CAGR3x 1. “Future Energy Scenarios: Pathways to Net Zero”, NESO, November 2025. Chart shows range of alternative pathways to Net Zero. Values shown are midpoint of rangeGrowth opportunity in electrical product installations to support electrification of energy demand•Big ticket items include heat pumps, solar panels, batteries and EV chargers•Accessories including enclosures, isolators, metering and circuit protection devices add £200-300 to the product value of a renewables-ready vs a traditional home 22%27%39%58%74%82%
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11 Luceco plc 2026 Interim Results Presentation Demand Flexibility turns Luceco’s EV charger base into a recurring revenue opportunityGB peak electricity demand (GW)1 1. “Future Energy Scenarios: Pathways to Net Zero”, NESO, November 2025. Chart shows Holistic Transition pathway to Net ZeroAbated peak demandUnabated peak demandEV charging flexibilityOther flexibilityGrowing need for EV charger Demand Flexibility•As energy consumption electrifies, unabated peak demand for electricity is forecast to double in the next 15 years•Need to shift demand from peak times •EV charging (including V2G) likely to be a key component Regulatory framework for Demand Flexibility for distributed assets in place•Changes to Balancing and Settlement Code in November 2024 and November 2025Luceco has a large base of eligible assets•Switched to in-house charger management platform from Q4 2024•COP-11 metering certification achieved Q1 2026 and applicable to installed base•Over 30,000 chargers currently active in Demand FlexibilitySustainable recurring revenue stream•Changes to regulated mechanics phased in during Q3•The continued increase of our EV charger population within Demand Flexibility, more than outweighs the change in regulated mechanics
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12 Luceco plc 2026 Interim Results Presentation 206.3209.0242.5271.4c31010.7%11.5%c13.0%12.0%12.5%Revenue (£m)Accelerating growth, improving operating margin Forecast Consensus1FY 2026FY 2022 FY 2023 FY 2024 FY 2025•Consistent growth in Revenue, Adjusted Operating Profit and Adjusted Operating Margin since 20224 year revenue CAGR of 10.8% and 230bps operating profit margin improvementEnergy Transition continues to drive growth and margin expansion, further underpinned by cost efficiencies and opportunities for operational consolidation Adjusted Operating Profit (£m)Adjusted Operating Margin (%) 1Company compiled analyst consensus as at 21 September 2026 is for full year revenue of £310.7m, with a range of £304.0m to £314.6m and Adjusted Operating Profit of £40.9m, with a range of £40.5m to £41.0m
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13 Luceco plc 2026 Interim Results Presentation First ImpressionsDr Thorsten Müller Chief Executive Officer
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14 Luceco plc 2026 Interim Results Presentation A strong platform for future growthEstablished portfolio in attractive marketsA strong portfolio of businesses and products, spanning Wiring Accessories, LED Lighting and Portable PowerCapable, entrepreneurial teamDedicated and entrepreneurial people who understand their markets and their customersEstablished routes to marketWell-established routes to market, built over many years with distributors and end usersAgile manufacturing baseA well-invested, vertically integrated, highly agile manufacturing base and supply chainSustainable, cash generative foundationMarket positions in Wiring Accessories provide a sustainable, predictable and cash generative foundation for the wider GroupStructural growth opportunitiesEnergy Transition offers highly attractive, structural growth opportunitiesAttractive upsideDemand flexibility offers additional upside, while the regulatory landscape is continuously evolvingWith a highly attractive financial profile, based on threegrowth engines that compound Strong commercial advantages
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15 Luceco plc 2026 Interim Results Presentation Innovation pipeline supports organic growth across core and energy-adjacent categories Dynamis stadium sports lighting Three phase circuit protectionHVAC circuitprotectionLuxury switches 65W integrated USB chargingHinged trunking Home-office power High Power DC ChargersV2G-capable EV ChargerSmart Portable EV Charger
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16 Luceco plc 2026 Interim Results Presentation Initial priorities and focus areasFocusEnsure optimum capital allocation by stringently focussing on the most compelling opportunities for future growth, across our markets, products and channels ProcessesEstablish processes and technology to serve our customers and partners in the most efficient and streamlined manner StructureEnsure Luceco is set-up in the best way to pursue growth opportunities, balancing entrepreneurial spirit with a lean and scalable organizational architecture
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17 Luceco plc 2026 Interim Results Presentation •The Group continues to experience strong demand across key product categories, channels and territories•Demand Flexibility is delivering a recurring revenue stream. Our success in delivering growth of EV charger sales will also improve our Demand Flexibility revenue•The Board now expects Adjusted Operating Profit for 2026 to be ahead of market expectations1 Strong demand and Demand Flexibility support upgraded FY26 outlook 1Company compiled analyst consensus as at 21 September 2026 is for full year revenue of £310.7m, with a range of £304.0m to £314.6m and Adjusted Operating Profit of £40.9m, with a range of £40.5m to £41.0m
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Q&ADr Thorsten Müller CEOWill HoyCFO
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Appendix
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20 Luceco plc 2026 Interim Results Presentation Group OverviewTo help people harness power sustainablyin everyday lifeOur purpose What we sell•Designer and manufacturer of electrical products:Wiring AccessoriesLED LightingPortable Power (incl. Energy Transition) •UK:•China:Jiaxing, Zhejiang Province: Factory and Product Development Centre•Sales offices in Spain, UAE, USA and Mexico•1,844 (av. 2025) employees worldwideWhere we operate Who we sell to•Mix of consumer and professional end-users•Sold through distribution with some direct professional end-user relationships•Established customer base•UK heritage•More recent international expansionTelford: UK Distribution Centre & UK HQMansfield: Kingfisher Lighting HQHoddesdon: DW Windsor HQRotherham: CMD HQLondon: PLC HQ •High-quality, low-cost, vertically integrated manufacturing•Superior brands, channel access and customer relationships•Proven organic product development capability•Highly cash generative with track record of M&AElectrification of residential energy sources and heatingAdoption of EVs and residential charging infrastructure•Grow our presence in higher-growth product segments•Enhance our existing market position•Expand the breadth and depth of our product range•Deliver synergistic growthProduct innovationThrough M&AEstablished growth leversA clear strategyStructural opportunities from electrificationSustainable competitive advantages
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21 Luceco plc 2026 Interim Results Presentation £60.7m13.3%6.0% What we sell (FY 25) Wiring Accessories LED Lighting Portable Power48%29%23%Our brands: Our brands:Our brands: £131.4m£79.3m14.8%7.9%10.1%9.9%Revenue:Revenue: Revenue:Operating Margin:Operating Margin:Operating Margin:Revenue 5-yr CAGR:Revenue 5-yr CAGR:Revenue 5-yr CAGR:
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22 Luceco plc 2026 Interim Results Presentation Our brands1941EstablishedSwitches and sockets, Circuit protection, Weatherproof, Junctionboxes, Cable managementProduct CategoriesWiring Accessories – BG Electrical
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23 Luceco plc 2026 Interim Results Presentation Our brands2004EstablishedDecorative cable trunking and accessories, Fire-rated cable supports, Floor cable protector, Cable organisersProduct CategoriesWiring Accessories – D-Line
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24 Luceco plc 2026 Interim Results Presentation Our brands1984EstablishedUnder-floor and Under-desk powerdistribution solutions, On-desk and In-desk sockets, Ergonomic monitor support arms Product CategoriesWiring Accessories – CMD
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25 Luceco plc 2026 Interim Results Presentation Our brands2013EstablishedResidential interior, Residential exterior, Commercial interior, Commercial exterior, Work & site lightingProduct CategoriesLED Lighting – Luceco Lighting
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26 Luceco plc 2026 Interim Results Presentation Our brands1988EstablishedPrivate realm exterior lightingProduct CategoriesLED Lighting – Kingfisher Lighting
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27 Luceco plc 2026 Interim Results Presentation Our brands1975EstablishedPrivate realm exterior lightingProduct CategoriesLED Lighting – DW Windsor
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28 Luceco plc 2026 Interim Results Presentation Our brands1988EstablishedExtension leads, Cable reels, Adaptors and accessories, EV ChargersProduct CategoriesPortable Power – Masterplug
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29 Luceco plc 2026 Interim Results Presentation Our brands2021EstablishedResidential and commercial EV chargers, EV charging cables, Home Energy Management systemsProduct CategoriesPortable Power – Sync Energy
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30 Luceco plc 2026 Interim Results Presentation 27%12%47%27%26%9%22%20%30%9% 30%24%17%70%1%29% WiringAccessoriesLEDLightingPortablePowerTotal Who we sell toProduct segmental sales by sales channel (as % of total) – FY 25 Professional ProjectsProfessional WholesaleHybridRetail
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31 Luceco plc 2026 Interim Results Presentation Group history 1941British Generalwiring accessories brand created1988Masterplug portable power brand created2000Management buyout of BG and merger with Masterplug2005Management buyout backed by EPIC Private Equity2014Luceco LED projects sales team established in the UK2016Jiaxing expanded to 52,500m2Sales office in Spain openedTransition to subcontracted manufacturing in China200812,500m2manufacturing facility opened in Jiaxing, ChinaIPO of Luceco plc: listing on London Stock Exchange2017Acquisition of KingfisherLighting Sales office opened inMexico20152003 The group has developed through business combinations and organic expansion into new products and territories Acquisitionof Sync EV2022 2021Acquisition of DW Windsor 2013Luceco brand and LED lighting range launched Acquisitionof CMD and D-Line2024 Structural growth from electrification2025
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32 Luceco plc 2026 Interim Results Presentation Dividends40-60% payoutProgressive M&AProduct adjacencyCustomer acquisitionClear synergy (e.g. product insourcing) Capex2-4% of annual revenueProduct development Manufacturing capacity<3-year paybackBuybacks /Special DividendsConsidered at the appropriate moment Capital allocation policy Conservativeleverage1.0x – 2.0xAdjusted EBITDA•Leverage target of 1.0-2.0x gives ample bank headroom•Provides capacity for future growth through investment in manufacturing capacity as well as M&A Progressive policy drives growth
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33 Luceco plc 2026 Interim Results Presentation Revenue by segment and geography Revenue by geographical location of customer 2025202420232022£m 214.6184.2173.6 165.3 UK 24.121.512.9 19.7 Europe 9.410.38.3 8.7 Middle East and Africa20.122.58.6 8.0 Americas3.24.05.6 4.6 Asia Pacific271.4242.5209.0 206.3 Total Group Revenue by operating segment 2025202420232022£m 131.4108.982.673.7Wiring Accessories79.378.479.081.4LED Lighting60.755.247.451.2Portable Power271.4242.5209.0 206.3 Total Group
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34 Luceco plc 2026 Interim Results Presentation Ten year financialsAdjusted metricsIncome Statement2025202420232022202120202019201820172016£m 271.4242.5209.0206.3228.2176.2172.1163.9167.6133.7Revenue11.9%16.0%1.3%(9.6)%29.5%2.4%5.0%(2.2%)25.4%29.7%Growth %113.497.282.374.384.770.262.350.648.440.5Gross Profit41.8%40.1%39.4%35.8%37.1%39.8%36.2%30.9%28.9%30.3%Gross Margin %(79.6)(68.2)(58.3)(52.3)(45.7)(40.2)(44.3)(42.1)(33.7)(26.0)Overheads33.829.024.022.039.030.018.08.514.714.5Operating Profit12.5%12.0%11.5%10.7%17.1%17.0%10.5%5.2%8.8%10.8%Operating Margin %(6.0)(4.1)(2.8)(2.6)(1.6)(1.3)(2.2)(2.2)(1.9)(2.8)Net finance expense27.824.921.219.437.428.715.86.312.811.7Profit Before Tax(5.2)(5.7)(3.9)(2.2)(6.2)(4.7)(3.7)(1.7)(2.3)(2.5)Taxation18.7%22.9%18.4%11.3%16.6%16.4%23.4%27.0%18.0%21.4%Effective tax rate %22.619.217.317.231.224.012.14.610.59.2Profit After Tax15.012.511.111.120.215.57.72.96.56.4Basic EPS (p)
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35 Luceco plc 2026 Interim Results Presentation Ten year financialsAdjusted metricsCash flow statement2025202420232022202120202019201820172016£m 33.829.024.022.039.030.018.08.514.714.5Operating Profit9.37.97.47.16.76.17.96.54.43.2Depreciation & amortisation43.136.931.429.145.736.125.915.019.117.7EBITDA 6.5(15.2)1.214.6(10.7)(2.0)1.30.91.4(11.3)Working capital and Other items49.621.732.643.735.034.127.215.920.56.4Operating Cash Flow(8.6)(7.8)(8.2)(5.6)(6.4)(4.4)(3.6)(4.7)(10.0)(7.6)Capital expenditure(6.0)(4.1)(2.8)(2.7)(1.7)(1.3)(2.1)(2.2)(1.9)(3.0)Interest paid(4.6)(6.3)(3.6)(4.7)(8.1)(5.7)(2.6)(1.3)(3.1)(1.3)Tax paid30.43.518.030.718.822.718.97.75.5(5.5)Free Cash Flow11.2%1.4%8.6%14.9%8.2%12.9%11.0%4.7%3.3%(4.1%)Free Cash Flow Margin %1.9(37.8)(1.7)(7.8)(18.4)———(9.7)—Acquisitions / Associate investment(7.7)(7.5)(7.2)(10.9)(11.2)(4.9)(1.9)—(1.8)—Dividends(5.3)(4.7)(1.6)(2.4)(1.3)(2.7)(2.9)—(1.2)24.3IPO proceeds / (share purchases)(3.9)(4.8)(0.8)(0.8)(5.4)(1.0)(3.1)———IFRS 16 adoption impact / new leases(0.2)(1.0)(0.1)(0.1)(2.3)(5.0)(6.2)(3.2)—(1.6)Factoring repayment / Adjusting items15.2(52.3)6.68.7(19.8)9.14.84.5(7.2)17.2Movement in net debt(75.1)(22.8)(29.4)(38.1)(18.3)(27.4)(32.2)(36.7)(29.5)(46.7)Net debt b/f(59.9)(75.1)(22.8)(29.4)(38.1)(18.3)(27.4)(32.2)(36.7)(29.5)Net debt c/f1.21.60.60.80.70.40.92.11.91.7Bank Net Debt: Bank EBITDA
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36 Luceco plc 2026 Interim Results Presentation Ten year financialsAdjusted metricsBalance Sheet2025202420232022202120202019201820172016£m 100.3102.272.970.569.443.942.644.847.233.5Non-current assets61.853.840.847.556.637.232.232.844.235.4Inventory78.476.453.250.467.970.142.839.533.426.5Trade receivables(37.2)(27.6)(20.6)(24.2)(38.8)(39.7)(22.1)(26.7)(49.6)(35.4)Trade payables103.0102.673.473.785.767.652.945.628.026.5Net working capital(39.5)(33.9)(29.7)(28.1)(29.3)(22.8)(21.0)(17.0)1.52.3Other assets and liabilities163.8170.9116.6116.1125.888.774.573.476.762.3Capital invested(59.9)(75.1)(22.8)(29.4)(38.1)(18.3)(27.4)(32.2)(36.7)(29.5)Net debt103.995.893.886.787.770.447.141.240.032.8Net assets------5.012.49.0Non-recourse factoring163.8170.9116.6116.1125.888.779.585.885.762.3Capital investedincluding factored receivables20.2%20.2%20.6%18.2%36.4%35.7%21.8%9.9%19.9%Return on Capital Invested
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37 Luceco plc 2026 Interim Results Presentation DisclaimerThis presentation and information communicated verbally to you may contain certain projections and other forward-looking statements with respect to the financial condition, results of operations, businesses and prospects of Luceco plc. These statements are based on current expectations and involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors which could cause actual results or developmentsto differ materially from those expressed or implied by these forward-looking statements.Any of the assumptions underlying these forward-looking statements could prove inaccurate or incorrect and therefore any results contemplated in the forward-looking statements may not actually be achieved. Nothing contained in this presentation or communicated verbally should be construed as a profit forecast or profit estimate. Investors or other recipients are cautioned not to place undue reliance on any forward-looking statements contained herein.Luceco plc undertakes no obligation to update or revise (publicly or otherwise) any forward-looking statement, whether as a result of new information, future events or other circumstances. Neither this presentation nor any verbal communication shall constitute an invitation or inducement to any person to subscribe for or otherwiseacquire securities in Luceco plc.