Endava Plc · NYSE:DAVA
Endava — Q2 FY2025 Earnings Presentation
24 slides from Endava's earnings presentation, Feb 20, 2025
Slide 1: Endava Q2 FY2025 Investor presentation
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Slide 2: Slide 2
Slide 3: Disclaimer
Disclaimer ‘This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation, other than statements of historical facts, are forward-looking statements. The words “believe,” ‘estimate, “exp
Slide 4: Technology is our how. And people are our why.
endava %: Technology is our how. And people are our why. ‘Anew wave of Al-driven digital transformation is underway, and businesses must embrace a more digital core that enables the real-time usage of data to support the rapid and efficient delivery of new initiatives. At Endava, we've partnered wit
Slide 5: Opportunity & Approach
Ol -* Opportunity & Approach
Slide 6: We enable change
We enable C, change. We are a leading provider of next-generation technology services, dedicated to helping our customers drive real impact and meaningful change. For over two decades, we have been honing our digital transformation approach that now serves as our cornerstone for navigating the new A
Slide 7: We are a pure play next-gen technology company
endava sx cers == We area pure play next-gen wens... bea itegraion & A technology company ee Business & Tech Consultants Traditional IT Services 3) Digital Agencies
Slide 8: We solve complex problems
We solve @ complex problems Define vision & strategy @ Increase speed to market @ Reducecost e@ Driveefficiency @ Growrevenue e@ Alenablement by building on... 10 © copyright 2024
Slide 9: We serve a large addressable market
We serve a large addressable market. $4.0T [e) Five-year CAGR for digital 16.2 (e] transformation investments 2027
Slide 10: Endavans
Endavans ~“ Our people are at the heart of who we are and drive our success Europe Non-£U s Western Europe & EU 19% as a business. We enable Endavans to be the best they can be so 44% 0 that we can deliver the highest caliber of results for our customers. 668 11% 37% North America Te Global employee
Slide 11: Endava around the world
Endava around the world 69 cities, 29 countries North America Latin America Asia Pacific
Slide 12: History of Endava
History of Endava Foundedin 302 2000 5 Concise Compudava Alpheus Nickelfish Velocity Partners Exozet FIVE Galaxe PS Tech IsDc Intuitus Comtrade Levvel Mudbath TLM : Founded in (@) e e e e e e e e e e O e 2000 O-O > 2025
Slide 13: AI powering the future of cross-industry trends
Al powering the future of cross-industry trends cape e Digital Twins e open fonking $ ° Agentic Al e Real-time Payments al&Gen 4 cyber Everything Zero Emissions e 2 2 2 * 2 > Current Influential Tends 2026 2030 2035 2040+
Slide 14: we.care
we.care articulates our ESG approach and key priorities Our People / We enable our people to be the best they can be by creating learning and development opportunities, fostering an inclusive work environment and making sure everyone is connected to our culture. Social Impact / We aim to make a posi
Slide 15: Financials
02 -- Financials
Slide 16: Revenue
Revenue Revenue (£m) FY20-FY24 CAGR 20.5% +6.6% Q2 YOY 7947 3720 390.6 Fy20FY2I Fy22FY23FY24 6MFY24 6M FY25 June 30 Dee at Over the last five fiscal years, 89.7% of our revenue each fiscal year, on average, came from customers who purchased services from us during the prior fiscal year. Q2 a
Slide 17: Profitability
Profitability Profit before tax (£m) 544 Fy21 23.4 FY20 Fy22 June 20 Margin 87% Bm 156% FY23 wan FY24 36% GMFY24 GMFY25 18% 58% 92% Dec 31 ie 13% 22% a Margin Adjusted profit before tax (Em)* 164.2 921 667 FY20 FY23 19% 208% am 207% FY24 6MFY24 GMFY25 Dec at 112% tam 108% om 124%, ze qe 158% 99% Ql
Slide 18: Number & spend of clients
Number & spend of clients Total no. of clients and with revenue > £1m* 698 150 141 Q2Fv24 — Q2Fv25 June 20 Dee a Top 10 clients (% of total revenue) 38% 35% 34% 33% 39% 34% 36% aay, 36% FY20, =FY21) =FY22) ~FY23— FY24 6M FY24 6M FY25, Q2 FY24 Q2 FY25 June 30 ec 31
Slide 19: Number & spend of clients
Number & spend of clients Top 10 clients - average spend (£000s) 26,030 24,050 22,150 15,590 1440 13,380 12.790 | I l O au Fv20 FY21-FY22.—FY23.—FY24 6M FY24.6M FY25 Q2 FY24 Q2 FY25 June 20 bec 31 Remaining clients - average spend (£000s) FY20 Fy2I Fy22FY23 June 30 FY24 6M FY24 6M FY25 Dec 3 270 290
Slide 20: Geography & Industry verticals
Geography & Industry verticals Revenue by Region m RoW IN. America m Europe mUK 2 Q2 FY20 Fy21 FY22. 0 FY23.—FY24 aoe. June 30 bee 3 Healtheare™* 12% Payments 19% Other? 13% Q2FY25 Revenue by Vertical wa Banking & oblty Capital Markets 9% 19% Technology, Media & Telecom. 19% Insurance 9% 20
Slide 21: CAPEX & Adjusted FCF
CAPEX & Adjusted FCF Capital expenditures (£m) 137 73 52 Fy21 Fy22 135 22 15 a Q2 eo a FY20 FY23 0 FY24 GMFY24 GMFY25 June 20 Dec 31 SotRevenue 21% ie 2% ie 7% 6x oax eM 08% 02% Qa 0.8% 06% = at Adjusted free cash flow (£m)* ms 107.2 315 FY20 Fy21 FY22-FY23 FY24. 6MFY24 GMFY25 une 30 Dec at ‘otReven
Slide 22: Appendix
03 -- Appendix
Slide 23: IFRS to Non-IFRS reconciliation
IFRS to Non-lFRS reconciliation ae sexes 'SIXMONTHS ENDED | THREE MONTHS ENDED aii DECEMBER 31 DECEMBER 31 2020 on 702220282028 m3 200 20032028 Reconciliation of Revenue Growth] (Decline) at Constant Currency to Revenue {Growahy(Dectine) as Reported under IFRS Revenue Growth | (Ovctine) as Reported
Slide 24: Endava
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