Creactives Group S.p.A. · MIL:CREG
Creactives — Investor Presentation (October 2026)
42 slides from Creactives's investor presentation, October 2026
Slide 1: Creactives Group S.p.A. Investor Presentation
Creactives Group S.p.A. Investor Presentation Enterprise Supply Chain Data Space The governed Data Foundation that takes AI into production across the supply chain October 2026 Euronext Growth Milan Pro · Ticker CREG · ISIN IT0005408593
Slide 2: Important notice
D IS C L AI M ER Important notice Basis of preparation Financial figures as at 30 June 2026 are taken from the draft financial statements approved by the Board of Directors on 23 September 2026, subject to approval by the Shareholders’ Meeting convened for 26 October 2026. Forward-looking statements
Slide 3: Presenting today
S P EAK ERS Presenting today Paolo Gamberoni Massimo Grosso Carlo Giuseppe Frigato Chairman and Chief Head of Investor Relations, Chief Financial Officer Executive Officer Board member Co-founder and CEO since 2000, he has led the Investor and adviser to high-tech companies. CFO of Creactives since
Slide 4: Agenda
C ON T EN TS Agenda 1 Highlights p. 5 2 The investment case: the Enterprise Supply Chain Data Space p. 6 3 Market, customers and partners p. 13 4 Financials p. 19 5 Outlook, risks, management and shareholders p. 23 6 Appendix p. 29 © 2026 Creactives Group S.p.A. · Investor Presentation · October 202
Slide 5: The Data Foundation for supply chain AI
C RE AC TI V ES AT A G L AN C E The Data Foundation for supply chain AI €6.7m €5.6m €10.1m ARR at 30/06/2026 Recurring revenue Value of production +82% since June 2022 (€3,691k) +18.2% year on year +15.7%; EBITDA €665k (€186k) ~77% €3.5m 44 International revenue Partner-driven revenue Subscription c
Slide 6: Data: the main barrier to AI in the supply chain
TH E P R OBL EM A N D T HE A RC H IT EC TU R AL S H IF T Data: the main barrier to AI in the supply chain 8–15% ~30% 20–30% 60% duplicate items in the material of indirect spend is off-contract, up inventory reduction achievable with of AI projects without AI-ready data master (industry estimates: 1
Slide 7: Six domain Digital Twins, one Enterprise Data Space
TH E S OL U TI ON Six domain Digital Twins, one Enterprise Data Space Domain Digital Twin: the semantically identified version of each record (e.g. a material), categorised, enriched and normalised. Materials Services Assets What it enables Material master Service master Assets and equipment No more
Slide 8: Two layers of value and continuous governance
WH ER E V AL U E I S C REAT ED Two layers of value and continuous governance L AY ER 1 L AY ER 2 OV E R TI M E Identified data Connected data Governed data Semantic identification: de-duplication, quality, Verified relationships across domains: decisions Digital Twins remain connected to source enri
Slide 9: A proprietary, defensible Knowledge Base
C O M PE T I T I V E A D V A N T AG E A proprietary, defensible Knowledge Base T H R E E L AY E R S O F K NO W L E D G E TH E K N OWL E DG E BA SE IN N U M BE RS Common knowledge COMMODITY 150,000 30,000 General-purpose LLMs, improving every week categories (full UNSPSC) technical data sheets Detail
Slide 10: We buy the engine, we build the car
W H A T W E AD D O N T O P O F AN L L M We buy the engine, we build the car General-purpose assistant Creactives platform Why an LLM alone is not enough Output An answer in a chat window Governed data in the systems 80 in 1,000 different answers to the same prompt at temperature Persistence No histo
Slide 11: Customer case: cost and time compared
C U S TOM ER V AL U E Customer case: cost and time compared Major European company with a global system integrator: dozens of sites, 5m+ records 9 months 90% 16+ years to clean the data of all accuracy achieved of SaaS fees covered by sites on data categorisation and the savings versus more than 5 y
Slide 12: The Data Space is the Data Foundation for AI agents
AI AN D A GEN T S The Data Space is the Data Foundation for AI agents “When you skip data foundations, an agent initiative can become a data problem.” David Potes, AWS · Build strong data foundations for agentic analytics and intelligent agents, AWS Marketplace, Q2 2026 Gartner expects more than 40%
Slide 13: Market size and growth
M AR KE T Market size and growth $21.6–23.8bn $54.8bn Master Data Management, 2026 Supply Chain Management software by 2034 Estimated growth of 12–19% a year according to leading research firms From $23.2bn in 2025; 10% CAGR 2026-2034 Dec. 2027 $450bn+ End of SAP ECC mainstream maintenance Software
Slide 14: Large international industrial groups
C U S TOM ER S Large international industrial groups I N DU S TR IAL S · EN ER GY AN D U T IL I TI ES · B AS IC M ATER IA L S · C ON S U M ER G OO DS · P H ARM AC EU TI C AL S 5–8 new direct customers per year on average · recurring contracts active since 2012 · annual Customer Advisory Board (3rd e
Slide 15: Revenue in 16 countries, 77% international
I N TER N ATI ON AL FO OTP R IN T Revenue in 16 countries, 77% international 76.9% International revenue €6,653k of €8,657k revenue from sales + WIP 16 countries Countries with revenue in the year 15 outside Italy, across Europe, the Americas and the Middle East 12.1% Revenue in the Americas Mexico,
Slide 16: At the centre of the Data Foundation
RE C OG N IT IO N At the centre of the Data Foundation KE ARN EY · PR OC U R EM EN T T EC HN O L OG Y MA P At the centre of the map, in the Data Foundation area The map, developed by Elouise Epstein, Kearney partner and “Procurement Futurist”, identifies the most relevant procurement technology play
Slide 17: Partner channel up 69% in one year
G O- TO - M ARK ET AN D P ART N ER S Partner channel up 69% in one year since 2021 since 2022 since 2022 since 2022 since 2023 since 2024 They sell to their own multinational clients, with joint go-to-market They deliver the set-up with the Vanessa platform, without AI expertise They are certified b
Slide 18: Initial set-up and multi-year subscription
BU S I N ES S M OD EL Initial set-up and multi-year subscription 1 · S ET - U P 2 · S AAS 3 · EX PA N S ION €150–300k €100–200k per year More domains One-off revenue Recurring revenue New Digital Twins in the Data Space From 1 week to 6 months 3-year contract with automatic renewal More functions (p
Slide 19: ARR of €6.7m, +82% since June 2022
AR R ARR of €6.7m, +82% since June 2022 ARR by band · 44 customers Above €300k · 5 customers 2,519 €150–300k · 10 customers 1,946 €50–150k · 23 customers 2,128 Below €50k · 6 customers 117 Movements in the year New ARR (5 customers) +€0.85m 3.9% 10.9% €152k value churn logo churn average ARR per Los
Slide 20: Recurring revenue accounts for 64% of sales
RE V EN U E Q U AL I TY Recurring revenue accounts for 64% of sales SaaS transition completed Maintenance: from €451k (2021-22) to €8k (2025-26) SaaS: from €2,165k to €5,556k Concentration Top 3 customers: 23% of revenue Top 6 customers: 38% Average revenue per customer (sales + WIP): €166k Net sale
Slide 21: FY 2025-26 results
R ES UL T S FY 2025-26 results €/000 30/06/2026 30/06/2025 Change Value of production 10,065 8,697 +15.7% Revenue from sales + WIP 8,657 7,302 +18.6% First contribution margin 5,519 4,271 +29.2% First margin as % of VoP 54.8% 49.1% +5.7 pp EBITDA 665 186 +257.8% EBITDA as % of VoP 6.6% 2.1% +4.5 pp
Slide 22: How we fund growth
C AS H A ND I NV E S T M E NT How we fund growth +€791k €2,153k +€2,512k €708k Operating cash flow Investment in product and Capital increase Cash at year end €219k in the previous year platform Financing cash flow +€1,967k Net debt €1,178k (€1,669k) Capitalised development €1,283k + capex €870k Whe
Slide 23: Product roadmap 2026-2028
RO AD MAP Product roadmap 2026-2028 Q4 2026 Q1 2027 Q4 2027 2028 Data Space operational 12 agents 32 agents 60 agents Six governed Digital Twins, one First AI agents in production on the Skills Framework: Agent Builder Six new domains: demand, Enterprise Data Space, MCP layer Data Space and skills l
Slide 24: Key risks and mitigating actions
RI S KS AN D MI TI G AN TS Key risks and mitigating actions Risk Our response Hyperscalers and horizontal platforms build semantic and agentic layers Vertical depth and Knowledge Base: we provide those platforms with the supply chain Data Foundation MDM incumbents extend across more domains Cross-do
Slide 25: Management and team
OU R P EOP L E Management and team Paolo Gamberoni Adriano Garibotto Francesco Bellomi Chairman and CEO Chief Sales & Marketing Officer Chief Technical Officer Co-founder, CEO since 2000. Formerly Accenture Co-founder, over 20 years in procurement and Co-founder; 20 years in AI, NLP and knowledge an
Slide 26: Shareholders and share
S H AREH OL DE R I N FO RM ATI ON Shareholders and share Shareholder % of share Market Ticker · ISIN capital Euronext Growth Milan Pro CREG · IT0005408593 Gamberoni P. 14.44% Garibotto A. 14.34% Shares outstanding IPO on EGM 14,784,750 7 March 2023 at €1.75 Add Value Group S.r.l. 14.26% Bellomi F. 9
Slide 27: Five reasons to invest in Creactives
WH Y IN V ES T Five reasons to invest in Creactives 1 Market timing. Companies must make their data AI-ready now, with fixed deadlines such as SAP ECC 2027. 2 Architecture. The Data Space is the Data Foundation needed to take AI agents into production: the market is already moving in this direction.
Slide 28: Investor Relations
C ON T AC TS Investor Relations Creactives Group S.p.A. Via Fermi, 4 · 37135 Verona, Italy +39 045 626 1357 · [email protected] www.creactives.com Investor Relations: Massimo Grosso [email protected] This presentation contains forward-looking statements subject to risks a
Slide 29: Management income statement
AP P EN D IX 1 Management income statement €/000 2026 2025 Chg. €/000 2026 2025 Chg. Direct sales 5,538 5,283 +4.8% Indirect operating costs 1,126 946 +19.0% Indirect sales 3,501 1,748 +100.3% Second margin 4,393 3,325 +32.1% WIP on direct sales -417 -71 -487.3% Commercial costs 1,531 1,210 +26.5% W
Slide 30: Balance sheet: uses of funds
AP P EN D IX 2 Balance sheet: uses of funds €/000 2026 2025 €/000 2026 2025 Intangible assets 6,330 5,223 Other current assets 8 27 Tangible assets 14 16 Other current liabilities -1,464 -1,299 Financial assets 27 31 Net tax receivables and payables 228 282 Fixed capital 6,371 5,270 Net accruals and
Slide 31: Balance sheet: sources of funds
AP P EN D IX 3 Balance sheet: sources of funds €/000 2026 2025 €/000 2026 2025 Short-term financial debt -728 -920 Share capital 324 288 Medium/long-term financial debt -659 -1,012 Share premium reserve 7,640 5,212 Financial debt -1,387 -1,932 Legal reserve 26 26 Cash and cash equivalents 708 663 Ot
Slide 32: Cash flow statement: operating activities
AP P EN D I X 4 Cash flow statement: operating activities €/000 2026 2025 €/000 2026 2025 Net result for the year -1,282 -1,525 Inventories (work in progress) 381 -270 Income taxes 47 90 Trade receivables -583 87 Interest expense/(income) 157 171 Trade payables -19 118 Result before taxes and intere
Slide 33: Cash flow statement: investing and financing
AP P EN D I X 5 Cash flow statement: investing and financing €/000 2026 2025 €/000 2026 2025 Tangible investments -5 -9 Short-term bank debt -192 -475 Intangible investments -2,761 -2,053 New loans 0 1,000 Other investments -52 -1 Loan repayments -353 0 Disposals 5 0 Paid-in capital increase 2,512 1
Slide 34: Customer analysis, FY 2025-26
A PP E N D I X 6 Customer analysis, FY 2025-26 Revenue per customer Customers Revenue €k Above €300k 7 3,553 €150–300k 12 2,466 €50–150k 15 2,250 Below €50k 18 388 Total 52 8,657 Revenue (sales + WIP): Italy €2,004k (23.1%) · international €6,653k (76.9%) · EU €6,794k · non-EU €1,864k Average revenu
Slide 35: Corporate events 2025-26
AP P EN D I X 7 Corporate events 2025-26 24/09/2025 The Board approves the draft separate and consolidated financial statements at 30 June 2025 27/10/2025 Ordinary Shareholders’ Meeting: approves the financial statements, appoints the new 5-member Board for 3 financial years, approves the 2025-2030
Slide 36: Governance and corporate structure
AP P EN D I X 8 Governance and corporate structure Board of Directors Board of Statutory Auditors P. Gamberoni (Chair) C. Benciolini (Chair) A. Garibotto · M. Grosso G. Glisenti · C. Tundo S. Merlo (independent) · S. Ferri (independent) Alternates: G. Palvis, C. Baldi Independent auditors Structure
Slide 37: Enterprise Supply Chain Data Space architecture
A PP E N D I X 9 Enterprise Supply Chain Data Space architecture ACCESS MCP and REST API Applications Analytics AI agents from Q1 2027 Governance and security Access governed for each domain SEMANTIC LAYER Unified Digital Twin Knowledge graph of cross-domain relationships ISO 27001, 27017, 27018 and
Slide 38: Cybersecurity and data protection
AP P EN DIX 1 0 Cybersecurity and data protection ISO AES-256 €5m 4 EU regions 27001 · 27017 · 27018 · 9001 Encryption of data at rest Cyber insurance cover Standard hosting on AWS TLS 1.3+ for data in transit Damage from attacks, malware Frankfurt, Dublin, Stockholm, Certifications with annual inde
Slide 39: Where Creactives fits
AP P EN D I X 11 Where Creactives fits Category What they do Creactives MDM and ERP suites They govern master data, but without a domain Complementary: TAM4 integrates and automates material data SAP, Oracle, IBM knowledge base that automates quality quality Data governance and catalogues Multi-doma
Slide 40: Long-term revenue growth
AP P EN D I X 12 Long-term revenue growth €/000 2023 2024 2025 2026 Capitalised 1,251 1,176 1,310 1,283 development EBITDA 390 282 186 665 EBIT -615 -884 -1,251 -1,021 Net result -1,063 -1,051 -1,525 -1,282 Consolidated income statement (OIC), €k; financial years ending 30 June © 2026 Creactives Gro
Slide 41: Global warehouse governance after M&A
AP P EN D I X 13 · AB IN B EV C AS E WI TH KP M G Global warehouse governance after M&A 3.3m 9 12 3,000+ 6 months material master records in the languages, from Chinese to data silos: 10 SAP and 2 SYSPRO users worldwide project duration Digital Twin Korean The challenge The outcome Harmonise, catego
Slide 42: Over 25 years of innovation
A PP E N D I X 1 4 Over 25 years of innovation 2000 2004 2008 2012 2015 Founded as a cost-reduction R&D begins: first semantic First procurement software; Supply chain products; Introduction of deep consultancy tool first recurring contracts launch in Germany learning 2017 2020 2021 2022 2023 Introd
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