Endava Plc · NYSE:DAVA
Endava — Q4 FY2025 Earnings Presentation
27 slides from Endava's earnings presentation, Sep 4, 2025
Slide 1: © Copyright 2025 Endava
© Copyright 2025 Endava
Slide 2: Q4 FY2025 Investor presentation
Q4 FY2025 Investor presentation
Slide 3: Disclaimer
Disclaimer This presentation includes forward-looking statements acquired businesses and personnel; our ability to except as required by law, neither we nor any other considered in isolation, or as alternatives to or within the meaning of the Private Securities Litigation penetrate new industry vert
Slide 4: Technology is our how. And people are our why.
Technology is our how. And people are our why. A new wave of AI-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 with our cust
Slide 5: Opportunity & Approach
Ol °* Opportunity & Approach
Slide 6: For over 25 years we've been helping our customers transform people's lives through technology
For over 25 years we’ve been helping our customers transform people’s lives through technology. Businesses use us as a trusted partner to help them leverage the latest ideas to modernise their business and digitally transform their interactions with their customers. © Copyright 2025 Endava
Slide 7: Core modernisation by Endava
Core modernisation by Endava For many organisations, digitisation over the last decade has focused on ‘building Advancements in embedded technologies, APIs, and now AI have made it necessary around the edges’ as IT teams focused on enhancing customer experiences and for organisations to modernise th
Slide 8: Core modernisation by Endava
Core modernisation by Endava Decades of collaboration with our clients and analysing their real-world challenges, has resulted in the creation of a distinct approach to Core modernisation. The patented 25+ 100’S 300+ 500+ years of of successful Systems million lines approach delivers an accurate and
Slide 9: We enable change.
We enable 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 AI-d
Slide 10: We are a pure play next-gen technology company
Engineering Agile We are a pure play next-gen Next-gen Tech Core Modernisation technology company Automation Strategy Data Integration & AI Customer-centric Traditional Business & Tech IT Services Consultants Digital Agencies 10 © Copyright 2025 Endava
Slide 11: We solve complex problems by building on...
We solve complex problems Define vision & strategy Increase speed to market Reduce cost Drive efficiency Grow revenue AI enablement by building on... Chronos Ray Dash Infra Maps Morpheus Compass Accelerators Core modernisation Strategy Cloud Cyber security Quantum AI Dava.X Embedded Google Cloud Pla
Slide 12: We serve a large addressable market.
We serve a large addressable market. $4.0T 16.2% Five-year CAGR for digital transformation investments 2027 IDC Worldwide Digital Transformation Spending Guide, May 2024 update. 12 © Copyright 2025 Endava
Slide 13: Endavans
Endavans Our people are at the heart of who we are and drive our success as a business. We enable Endavans to be the best they can be so Western Europe & EU Europe Non-EU that we can deliver the highest caliber of results for our customers. 45% 18% 11,479 (5.0%) 36% Q4 FY25 North America 6% Global e
Slide 14: Endava around the world
Endava around the world 69 cities, 29 countries European Union Austria, Bulgaria, Croatia, Denmark, Germany, Ireland, Netherlands, Poland, Romania, Slovenia and Sweden Europe - Non-EU Bosnia & Herzegovina, Moldova, North Macedonia, Serbia, Switzerland and the United Kingdom North America Canada and
Slide 15: History of Endava
History of Endava Headcount 60 240 1,000 2,000 5,000 11,479 Q4 FY25 Founded in 2000 2025 Concise Compudava Alpheus Nickelfish Velocity Partners Exozet FIVE Lexicon DEK GalaxE UK, Moldova, Germany, USA, USA & LATAM, Germany, USA, Croatia, Australia, Australia, Sweden, USA, India IT Consultancy Nearsh
Slide 16: Significant Upcoming AI Trends
Significant Upcoming AI Trends Agentic AI and Semi-Autonomous AI-Ready Data World Models Our current AI tools struggle to truly grapple with the complexity of our world using our current data models, which rely on predefined labels. The goal of world models is to capture the vast number of multi-mod
Slide 17: Sustainability mission
brings our sustainability mission to life Our people and communities / Accelerating innovation / We enable our people to be the best they can be by creating learning We are committed to driving innovation and delivering transformative and development opportunities, fostering an inclusive work enviro
Slide 18: Financials
02 Financials 18
Slide 19: Revenue
Revenue Revenue (£m) FY21-FY25 CAGR 14.7% -3.9% Q4 YOY 794.7 772.3 772.3 740.8 740.8 654.8 186.8 Q4 194.4 446.3 194.8 Q3 174.4 183.6 195.6 Q2 188.4 195.1 Q1 FY21 FY22 FY23 FY24 FY25 12M FY24 12M FY25 June 30 June 30 Over the last five fiscal years, 90.7% of our revenue each fiscal year, on average,
Slide 20: Profitability
Profitability Profit before tax (£m) Adjusted profit before tax (£m)* 114.2 164.2 102.4 138.3 92.1 54.4 83.0 82.1 83.0 82.1 14.9 16.4 Q4 27.0 15.5 (0.4) 24.1 27.0 24.6 Q3 24.1 (0.5) 3.8 Q4 22.7 10.6 13.6 21.8 Q2 Q3 2.5 Q2 17.3 4.2 29.8 19.2 Q1 Q1 FY21 FY22 FY23 FY24 FY25 12M FY24 12M FY25 FY21 FY22
Slide 21: Number & spend of clients
Number & spend of clients Total no. of clients and with revenue > £1m* Top 10 clients (% of total revenue) 732 711 695 695 615 619 619 35% 36% 37% 34% 33% 32% 34% 85 134 146 146 133 146 133 FY21 FY22 FY23 FY24 FY25 Q4FY24 Q4FY25 FY21 FY22 FY23 FY24 FY25 Q4 FY24 Q4 FY25 June 30 June 30 June 30 June 3
Slide 22: Number & spend of clients
Number & spend of clients Top 10 clients - average spend (£000s) Remaining clients - average spend (£000s) 27,940 905 26,030 841 836 24,050 794 22,150 697 15,590 281 265 6,680 6,870 FY21 FY22 FY23 FY24 FY25 Q4 FY24 Q4 FY25 FY21 FY22 FY23 FY24 FY25 Q4 FY24 Q4 FY25 June 30 June 30 June 30 June 30 22 ©
Slide 23: Geography & Industry verticals
Geography & Industry verticals Other* Revenue by Region 14% Payments 3% 3% 6% 8% 6% 7% 6% 17% RoW N. America Healthcare** Europe 12% 31% UK 35% 32% 33% 38% 38% 38% Q4 FY25 Revenue by Vertical Banking & 24% 21% 23% Capital Markets Mobility 26% 23% 25% 23% 8% 22% 42% 41% 39% 33% 33% 30% 33% Technology
Slide 24: CAPEX & Adjusted FCF
CAPEX & Adjusted FCF Capital expenditures (£m) Adjusted free cash flow (£m)* 111.5 107.2 13.7 13.5 82.7 58.4 58.4 48.7 6.6 (4.0) Q4 48.7 2.2 5.2 5.1 5.1 4.4 4.4 17.5 Q3 1.5 1.7 Q4 1.4 33.6 1.1 Q3 1.4 0.4 Q2 31.6 Q2 0.8 1.1 Q1 16.0 3.5 Q1 FY21 FY22 FY23 FY24 FY25 12M FY24 12M FY25 FY21 FY22 FY23 FY24
Slide 25: Appendix
03 Appendix 25
Slide 26: IFRS to Non-IFRS reconciliation
THREE MONTHS ENDED JUNE 30 2021 2022 2023 2024 2025 2024 2025 Reconciliation of Revenue Growth / (Decline) at Constant Currency to Revenue Growth / (Decline) as IFRS to Reported under IFRS Revenue Growth / (Decline) as Reported under IFRS 27.2 % 46.7 % 21.4 % (6.8)% 4.3 % 2.4 % (3.9)% Impact of fore
Slide 27: © Copyright 2025 Endava
© Copyright 2025 Endava