Sys-dat S.p.a. · MIL:SYS
Sys-dat — Q3 2025 Earnings Presentation
22 slides from Sys-dat's earnings presentation, Nov 12, 2025
Slide 1: Unlocking the Future: Q3 2025 Results
UNLOCKING THE FUTURE Q3 2025 Results 12 November 2025 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 1
Slide 2: Disclaimer
This document has been prepared by Sys-Dat Group S.p.A. (the “Company” or “Sys-Dat Group”) for information In particular, but without limitation, no representation or warranty, express or implied, is or will be given as to the purpose only, it contains only summary information and, therefore, it is
Slide 3: SYS-DAT: Unlocking the future
SYS-DAT: Unlocking the future 01 Growth & Value creation 02 Q3 2025 Operations 03 Q3 2025 Financials Highlights STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without pre
Slide 4: Growth & Value creation
01 Growth & Value creation STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 4
Slide 5: Q3 2025 Results Drive Growth and Value Creation
Q3 2025 RESULTS DRIVE GROWTH AND VALUE CREATION Revenue, EBITDA margin and Liquidity mark a strong positive trend +60% 19.1% Revenue growth 9M’25 vs 9M’ 24 EBITDA margin for 9M’25 with organic revenue growth of excluding A&C one-off +8.2% in Q3’25 vs Q3’24 M&A expenses +1.0m Liquidity generated by o
Slide 6: Solid Performance in 9M 2025
SOLID PERFORMANCE IN 9M 2025 All KPIs and liquidity increase contributes to value creation 30.09.25 vs 30.09.24 Main KPIs 9M ’25 value 9M ’25 vs. 9M ’24 • Revenue € 65.7m + 60.3% • EBITDA € 12.1m + 48.0% • Net Income € 4.9m + 31.4% • Liquidity € 54.0m + 5.7m (*) • NFP € 19.6m - 12.6m (*) (*) 30.09.2
Slide 7: M&A Activities Track Record
M&A ACTIVITIES TRACK RECORD Ongoing conversations with Targets of different size in various market sectors 2025 Historical Acquisitions Ongoing Conversations Targets Target size Revenue size c. €25m (*) High Manufacturing Logistics Legal AI & BI Media Low 2021 2022 2023 2024 2025 (IPO) Cumulated Rev
Slide 8: Q3 2025 Operations
02 Q3 2025 Operations STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 8
Slide 9: Q3 2025 Sales to Different Markets Through Entire Portfolio
Q3 2025 SALES TO DIFFERENT MARKETS THROUGH ENTIRE PORTFOLIO Customers looking for both long and short term projects Solutions sold Customer examples in different markets Fashion Core Business SW Solutions Food Services Value Added SW Solutions Healthcare Distribution ICT Services STRICTLY CONFIDENTI
Slide 10: Positive Word of Mouth Drives Contracts with New Clients
POSITIVE WORD OF MOUTH DRIVES CONTRACTS WITH NEW CLIENTS Q3 2025 new contracts from diversified customer size Q3 NEW CONTRACTS BY SOURCE Q3 NEW CONTRACTS BY CLIENT SIZE 8,2% 3,1% 39,0% 36,9% 61,0% 51,8% Sales >50m 10m< Sales <50m Salesmen Clients referral 3m< Sales <10m Sales <3m STRICTLY CONFIDENTI
Slide 11: Extensive Q3 Communication Activities
EXTENSIVE Q3 COMMUNICATION ACTIVITIES Focus on brand positioning, customers and investors communication MARKET COMMUNICATION WEBINARS FOR PROSPECTS INVESTORS EVENTS AI THAT BRINGS RESULTS DIGITAL PASSPORT ITALIAN ROADSHOW 23.09.2025 23.09.2025 FRANKFURT - 14.10.2025 SMALL & MID CAP AWARDS CYBER AWAR
Slide 12: Q3 2025 Financial Highlights
03 Q3 2025 Financial Highlights STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 12
Slide 13: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH Driven by organic growth and A&C contribution REVENUES EBITDA Total EBITDA 57.5 41.0 65.7 20.1% 20.0% 18.4% Revenue Margin 21,8 €/m €/m 3,1 57,5 11,6 43,9 9,0 41,0 8,2 FY 24 Q3 24 Q3 25 FY 24 Q3 24 Q3 25 Inorganic Revenue Organic Revenue Inorganic EBITDA Organic EBIT
Slide 14: Continuous R&D and Net Income
CONTINUOUS R&D AND NET INCOME Focus on product innovation and value generation R&D NET INCOME R&D on Income 4.7% 4.9% 3.7% 10.8% 9.1% 7.4% Revenue Margin €/m €/m 2,7 6,2 2,4 2,0 4,9 3,7 FY 24 Q3 24 Q3 25 FY 24 Q3 24 Q3 25 R&D Utile netto ➢ 9M’25 vs 9M’24 R&D activities growth of 19.6% ➢ 9M’25 vs 9M’
Slide 15: Liquidity Increase and Cash Flow Components
LIQUIDITY INCREASE AND CASH FLOW COMPONENTS 7,7 9M 2025 CHANGE IN LIQUIDITY 9M 2025 CASH FLOW COMPONENTS Tangible Capex 0,6 €/m 7,7 7,7 €/m 0,5 7,7 Capex Intangible A&C 10,6 10,6 M&A 2,8 R&D Capex liquidity cash-out 0,7 2,4 10,6 2,1 2,1 0,5 Delta NWC Capex 0,9 Positive component Positive component &
Slide 16: 9M 2025 NFP Change and Breakdown
9M 2025 NFP CHANGE AND BREAKDOWN 9M 2025 CHANGE IN NFP Q3 2025 NFP BREAKDOWN €/m €/m Positive component Long Term (>12M) Negative component Short Term (<12M) 0,1 4,7 1,0 0,6 1,0 0,6 0,7 2,1 2,1 Delta NWC 6,8 Capex + IFRS16 6,8 & Taxes 12,1 12,1 17,2 EBITDA 18,8 18,8 M&A impact 54,0 8,5 1,2 1,2 other
Slide 17: Closing Remarks
CLOSING REMARKS GROUP SIZE STEP UP - driven by organic growth and M&A HEALTHY KPIs - Revenue, EBITDA and Net Income strongly increasing STRONG OPERATING CASH FLOW - to be invested in M&A opportunities ONGOING M&A CONVERSATIONS - Targets of different size and sectors STRICTLY CONFIDENTIAL: Contents i
Slide 18: STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is
STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 18
Slide 19: Annex
Annex STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 19
Slide 20: Annex – 9M 2025 Profit & Loss Statement
Annex – 9M 2025 Profit & Loss Statement (Euro) 30 september 2025 2024 Operating Revenues 65,150,468 40,640,000 Other Revenues 507,427 317,978 Total Revenue 65,657,896 40,957,977 Purchasing cost 4,864,982 2,141,975 Changes in inventories 123,523 285,494 Service cost 22,281,603 13,461,385 Personnel 25
Slide 21: Annex – Q3 2025 Balance Sheet Statement
Annex – Q3 2025 Balance Sheet Statement (Euro) 30/09/2025 31/12/2024 (Euro) 30/09/2025 31/12/2024 ASSETS EQUITY AND LIABILITIES Non-current assets Share Capital 1,564,244 1,564,244 Goodwill 22,386,077 12,251,636 Other reserves 54,642,031 49,225,354 Intangible assets 23,995,145 10,947,067 Net result
Slide 22: Annex – 9M 2025 Cash Flow Statement & Q3 2025 Net Financial Position
Annex – 9M 2025 Cash Flow Statement & Q3 2025 Net Financial Position (Euro) 30 september 2025 2024 Net income 4,888,496 3,719,047 Taxes 2,192,356 1,732,961 Depreciation 4,868,329 2,406,157 Net Financial Position 30/09/2025 31/12/2024 Other variations 332,762 21,008 (€ thousand) Funding from operatio