Slides
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1Sword Group - March 25 FY 2024 Presentation SWORD GROUP 12 March 2025
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Sword Group At a Glance Organisation Offer Divisions at a Glance Strategic Plan Figures Sword Group’s Share Financial Key Dates 2
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Sword Group At a Glance 3
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Sword Group A global Leader in Technology Transformation Successful, Growing, Financially Secure and Listed At a Glance Established in 17 countries | Belgium, Canada, Cyprus, England, France, Greece, India, Ireland, Lebanon, Luxembourg, Netherlands, Saudi Arabia, Scotland, Spain, Switzerland, United Arab Emirates, United States Sword Group has been making world-leading organisations more efficient and more profitable 3 offshore | nearshore support centres 1000+ customers in over 50 countries International Group founded in 2000 4
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Sword Group FY 2024 3,211 people | 36 nationalities Consolidated Revenue by Region Consolidated Revenue by Market Active in 50+ countries UK | 26.7% BeNeLux | Greece | Spain | EU Locations | 34.1% North America | 6.8% Switzerland | 26.4% Other | 6.0% Consolidated Revenue | €323.0m EBITDA Margin | 12.0% Dependable, digital IT transformation solutions that reduce costs and increase productivity Highly Regulated Market Energy 22.4% EU 30.0% Others (Bank, Finance Health, Insurance, Manufacturing Telco, Utilities) 13.1% Government 20.2% International Organisation 14.3% 5
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Sword Group Track Record YEAR 2018 2019 2020 2021 2022 (i) 2023 (iii) 2024 Revenue €M 194.3 213.2 212.5 214.6 265.7 281.6 323.0 % Current EBITDA 14.0% 13.4% 13.9% 13.6% 12.5% 12.3% 12.0% % Organic Growth (ii) +18.3% +20.7% +9.2% +21.5% +26.3% +19.0% +15.9% Staff at 01/01/xxxx 2,030 2,067 2,337 1,902 2,329 2,723 3,015 Staff at 31/12/xxx 2,067 2,337 1,902 2,329 2,723 3,015 3,211 Total recruitment (gross amount) 320 480 360 506 707 775 518 Disposals FY Apak (€30m) France (€60m) GRC (€20m) AAA (€26m) Acquisitions FY DataCo (€5.5m) AiM (€18m) Ping (€12m) AAA (€4m) IACS (€2.9m) INCOR (€6.3m) (i) Without GRC - (ii) On a like-for-like basis and at constant exchange rates - (iii) Without AAA 6
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Sword Group 7 Organisation Sword Group
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Sword Group CEO Dieter ROGIERS BENELUX | GREECE SPAIN | EU Michel BONVOISIN LUXEMBOURG Nikos MASTROYIAN NOPOULOS GREECE Michael DE GROEVE SPAIN Gökçe KALAYCI TIPIK aa. Dieter ROGIERS BELGIUM COO Olivier PERROTEY SWITZERLAND Lucie JOLLY PUBLIC SECTOR | UN Nicolas POUGNET FINANCIAL SERVICES Kevin MORETON UK | US Greg ANDERSON PUBLIC SECTOR Phil BRADING ENERGY Rob MOSSOP FINANCIAL SERVICES Terry NEILL DIGITAL PLATFORM aa. Kevin MORETON US SW TECHNOLOGIES SWITZERLAND | CANADA Guillaume MOTTARD Jacques MOTTARD EXECUTIVE CHAIRMAN Fabrice EPAILLY LUXURY aa. Olivier PERROTEY OTHERS Nasser HAMMOUD MIDDLE EAST & INDIA aa. Nasser HAMMOUD OTHERS Ravi RAMU INDIA UK | US Grant Alexander Adam Gall Scott Keenon Tim Maclaren Craig Neilson Jared Owen Michael Stewart BENELUX | GREECE | SPAIN | EU Alexis Brice Tasos Kilakos Toon Kockx Stylianos Sdrakas SWITZERLAND Gabriel Burnat Philippe Charpier Philipp Dasen MIDDLE EAST | INDIA Hassan Aloreidi AbdElbaset Moustafa BUSINESS UNITS DIRECTORS Organisation | Management Team | OPERATIONS 8 CEO FULLY OWNEDAFFILIATES BUSINESS UNITS DIRECTORS AFFILIATES Davy Lay Jeremy Satorelli Christophe Savio Julien Vergeres Yoan Topenot
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Sword Group Organisation | Management Team | CENTRAL FUNCTIONS Stéphanie DESMARIS Head of Communication CAIO Greg ANDERSON CSO David HOWE Kevin MORETON CEO IEO Jacques MOTTARD Glossary: CAIO Chief Artificial Intelligence Officer CISO Chief Information Security Officer CSO Chief Sustainability Officer IEO Internal Efficiency Officer CISO Andrew THOM 9
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Sword Group Organisation | Management Team | FINANCE Patrick ZBINDEN Switzerland | Middle-East Philippe BLANCHE aa. BeNeLux | Greece | Spain Olga SLAMENKAITE UK | US Lalitha BALAKRISHNAN India Laurence BLANC Consolidation Philippe BLANCHE Group CFO CFO 10
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Sword Group A High-Performance, Committed Management Organisation Total involvement of all operational players (CEOs, COOs and BUDs) A new Group’s CFO, formerly CFO of our Belux division Profitable central functions Creation of the IEO role 11
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Sword Group Offer 12
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Sword Group Making Data Work Smarter Group’s Offer | Software Components & IT Services SERVICES Creating Value through technology & improvement SOFTWARE COMPONENTS Adding Value through innovative software components solutions DIGITAL PERFORMANCE Skills & expertise, to accelerate your digital transformation DATA OPTIMISATION AI & Automation Content Services Data & Analytics Cyber Security Enterprise Service Management Managed Cloud Services Application Development Infrastructure & Modern Workplace Health Luxury Industry Aerospace & Defence Sport Energy Finance Transportation Government International Orgs Construction 13
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Sword Group Certifications in the Group Project & Quality ISO 9001: 2015 Security ISO 27001: 2013 Information & Technology ISO 20000-1: 2018 14 H&S Management ISO 45001: 2018 Environmental Management Systems ISO 14001: 2015
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Sword Group Divisions at a Glance 15
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Sword Group Vision 2028 To deliver Vision 2028, we have created a SECTOR MODEL supported by a DIGITAL PLATFORM business, with a developed INTERNATIONAL FOOTPRINT SECTOR MODEL We specialise and are respected in 3 core sectors: Public, Energy and Financial Services We are the largest business technology solutions provider in the Oil and Gas market in the UK We are successful in the Energy transition and a leading services provider to Renewables and Utilities We are the leading provider of Digital Transformation and Cyber Resilience services to Local Government within the UK Public Sector We’re established as a trusted supplier to the Scottish/UK Financial Services market DIGITAL PLATFORM We’ve scaled our Digital Platform business to deliver an extended suite of modernised solutions We’ve developed AI tools to evolve delivery services, allowing increased focus on higher value outcomes for our customers We deliver unique Cyber Security solutions to our customers combining technology and domain expertise Our Hybrid Infrastructure solutions deliver our customers efficient methods of serving technology to their businesses Our Managed Services are relevant and deliver value to our customers challenged by an evolving technology landscape INTERNATIONAL FOOTPRINT We have developed and expanded our international footprint We have created the ability to deliver all our services and solutions to continental Europe, expanding our international footprint We’ve grown our existing business in the US We’re established and servicing a multi-client business in KSA We’ve used our Digital Platform Business to assist international growth OUR MODEL FOR DELIVERY: TARGETS £155 m Revenue £21 m EBITDA 1,000+ employees UK | US | IRELAND Sword Group 16
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Sword Group Vision 2028 - Progress 2024 To deliver Vision 2028, we have created a SECTOR MODEL supported by a DIGITAL PLATFORM business, with a developed INTERNATIONAL FOOTPRINT ENERGY Maintaining position in Oil and Gas whilst developing the growing renewables market Remain #1 in Oil and Gas in the UK. Cost optimisation, compliance and asset transfers. £14m project £30m of Oil and Gas managed service contract renewals won in Q125 Growth in Renewables - SSE now largest customer £25m tender submission Stimulus coming back into US Energy market under new government. Drill baby drill! FINANCIAL SERVICES Working with the most respected financial institutions technology functions in Scotland/UK Won contract with large investment bank to deliver Copilot ( Gen AI) user adoption Continuation of £5m project with global payments and top tier foreign exchange provider becoming a bank in the US Identified micro acquisition target with Cyber and AI Services offers significant scaling opportunity Large scale software development project win with Insurance company PUBLIC SERVICES Focus on local government and bringing relevant skills to drive transformation of legacy systems We’ve established our presence on key Digital & Cyber procurement frameworks Developing and leading new supplier consortium on technology adoption and procurement efficiency for education Irish Public Sector growth in networking and cyber security. Mini acquisition identified Established partnership with larger Public Sector supplier to work on HMRC £370m program 5 countries GBP80 m in 2024 17 UK | US | IRELAND
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Sword Group Business Development in 2025 18 ENERGY Maintaining position in Oil and Gas and develop growing renewables market SECTOR Cyber Security demand significantly increasing Cost optimisation and compliance agendas M&A Oil and Gas Campaign SSE - Network Separation Program £25m bid submitted – decision 12th March Broaden renewables footprint in Teesside hub and offshore wind/carbon capture KSA - NEOM - Tender for extension of footprint end Q1 US - Favourable govt position on new exploration OPPORTUNITIES PUBLIC SECTOR Focus on transformation using AI and Digital FINANCIAL SERVICES Cyber security and regulation driving transformation Strategic partnering National Govt Local government and regional councils Health Ireland Fintech vs large established organisation (AI based distruption) AI – workforce skills development and change management. Realising the business case Micro acquisition to bolster access much wider customer base UK | US | IRELAND
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Sword Group Key Project Energy | RockRose Asset Transfer Required to support the production of 28,000 of boepd Asset transfer project for Rockrose to transition multiple offshore assets from Shell UK Creating from scratch a fully operational IT function – minimal viable product for day 1 Supporting 450 users Transfer of 11 operated offshore assets (Platforms & subsea tie backs) Phase 2 will be an entire technology refresh aligned to Target Operating Model Full IT & OT Cyber compliance program Multi year operational managed service to follow Constitutes 5% of current total UK gas production Supports safety case to allow them to “Operate” within legislative framework 19 Estimated deal value over 3 years of £14m UK | US | IRELAND
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Sword Group Easy to handle: A cohesive operating environment - Unified Cyber/IT/Network Operations Rapidly scalable: Cloud-based, code- oriented scalability for swift growth Straightforward to secure: Adaptable strategy for security and compliance 20 Context: UK financial services utilising outdated brownfield systems Primary need: Infrastructure that is both compliant and resilient for a new US banking entity Project: A transformation programme exceeding £5M with a tight timeline Enhance traditional operations and improve existing infrastructure Facilitate swift business expansion and extend into new markets UK | US | IRELAND Key Project - Financial Services | Moneycorp - Building a digital US bank in 6 months
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Sword Group Public Sector | Transforming Falkirk Council’s Data Strategy 21 COST REDUCTION Operating costs of the infrastructure platform were reduced by 35% ENHANCED DECISION MAKING The modern data platform enabled real-time, accurate data reporting, improving decision making across the council IMPROVED COLLABORATION The solution increased collaboration across geographically dispersed teams and departments SCALABILITY AND FLEXIBILITY The platform is cost-effective, scalable and supports evolving business needs Over the last 2 years we have transformed Falkirk Council’s data strategy into a modern data platform. This platform significantly improved decision-making processes by providing real-time, accurate data “We have enjoyed a strong working relationship with Sword for several years; they have been key partners in helping us on our data strategy journey. Their consistent support throughout, providing technical expertise and delivering training to skill our own staff on modern tools has been in valuable.” Karen Algie, Director of Transformation at Falkirk Council Sword Group UK | US | IRELAND
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Sword Group Vision 2028 To deliver Vision 2028, we deploy a SECTOR MODEL offering GLOBAL OUTSOURING with an extended INTERNATIONAL NETWORK SECTOR MODEL 1. Built strong credentials and knowledge in core sectors: Become the key player in the Sports area with dedicated product and services Target Tiers 1 holder of LTA with UN Agencies in Europe Progress from #Top2 to Leader of IT services in Suisse Romande with significant footprint in Public Sector Leverage on specialised units in Financial Services and Luxury markets GLOBAL OUTSOURCING 2. Offer an end-to-end Global Outsouring delivering: Provide all layers of IT Operations with 24/7 coverage for the workplace Develop new capabilities in Cloud & AI App Modernisation adding value with data & business expertise Capitalise on our Products: Collaboration (Aequos) Design for Sports (Venue) Luxury (Tell) INTERNATIONAL NETWORK 3. Develop and extend our international network: Develop the collaboration with our specialised offshore centres to operate on cutting-edge technologies Establish Sword as leader in Canada Montreal within International Organisations Develop our ‘Sword Venue’ product to cover the next 20 biggest worldwide events Provide frictionless Follow- the-sun approach for our clients and new competitive business models TARGETS CHF170 m Revenue CHF19 m EBITDA 800+ employees SWITZERLAND | CANADA OUR MODEL FOR DELIVERY CEO Olivier WESTERN CH CENTRAL CH INTERNATIONAL MTL REGIONAL AGENCIESBUSINESS INDUSTRIES MANAGED SERVICES / CENTRE OF EXPERTISE KEY NEW BU CSI BCP OPS ESM EXISTING BU UNA AIM SSE SUI INCIDO AFS SIO Sword Group 22
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Sword Group Vision 2028 - Progress 2024 To deliver Vision 2028, we deploy a SECTOR MODEL offering GLOBAL OUTSOURING with an extended INTERNATIONAL NETWORK KEY SECTORS Consolidate our position in key industries Confirmed new Tier 1 deals in Sports & Entertainment market in France New contracts signed with Private Banks in Financial Services sector in Geneva Business Unit dedicated to United Nations Agencies entered new LTA with WHO (5Y long term agreement) Sword Switzerland welcomes a BU in Retail & Luxury providing both services and software (Sword Tell) GEOGRAHICAL FOOTPRINT Linking Swiss activities to the rest of the Group and beyond Well established synergies with Bern new office including bid management Progress on Sword Venue covering new competitions in Africa, Asia and Europe New support & development centre in Lyon, France dedicated to Sport sector Sword in Montréal, Canada has extended its office and signed new tech partners GLOBAL OUTSOURCING Additional service offerings complete Outsourcing package New offer at Group level including Cybersecurity operational centre Partnerships extended with Microsoft and ServiceNow for IT operations Continuous integration of best practices in Artificial Intelligence across all service layers Launch of the Sword Start- up challenge focusing on AI in Public sector CHF7.5 m in 2024 8 countries +80 FTE from NS/OS 23 New UN projects in 2024 SWITZERLAND | CANADA
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Sword Group Business Development in 2025 24 SPORT Seize new opportunities on the Sport & Entertainment consolidated market SECTOR Sword entry point with IT operations including workstation, infrastructure, cloud and cyber security New segment with dedicated innovation value proposition through IA & data towards fan engagement and monetisation KSA: joint efforts with UK team New deals with Eagle Football Group and HOL Arena Partnerships with ThinkSport and MEI OPPORTUNITIES & SYNERGIES PUBLIC SECTOR & UN Develop the 4 layers: City, State, Federal and International (UN) FINANCIAL SERVICES Cyber security and regulation driving transformation Renewal of major Long-Term Agreement with Vaud State (budget CHF140 m for 5 years and 6 suppliers) Recently acquired office in Bern (Incor) has concluded new deal with Swiss Federal agency (OSIV - insurances) New Long-Term Agreement (5 years) with Geneva-based World Health Organisation including our near-shore and off-shore centers Dedicated banking unit covering Private Banking in Geneva and Zurich Increased number of requests to secure IT operations and infrastructure with local staff Exploration of new businesses in Zurich within Banking and Financial services sectors directly or through tactical acquisitions SWITZERLAND | CANADA
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Sword Group SUCCESS STORY… BUSINESS CHALLENGE SOLUTIONS BENEFITS Nearshore Center in GR Long Term Agreement 3+2 Open source technologies Agile delivery model MIRIS for the WIPO (United Nation Agency) MIRIS is the core component of the Madrid IT systems Custom-built application to support internal processes in relation to trademark applications Lifecycle & processing of changes to existing trademark registrations in accordance with the legal provisions on the Madrid System Provision of maintenance and support services to MIRIS system 100% Satisfactory KPIs covering Resource continuity / Service delivery Timeliness, Quality and scope, Cost / Contract Management Implemented Automated testing with a coverage of 40% in Y1 10 releases per year organised on SPRINTS for both technical & functional > 10 36 months Support and Maintain 3 locations 25 SWITZERLAND | CANADA
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Sword Group Vision 2028 To deliver Vision 2028, we enhance our core business, combine the expertise in digital communications to win new contracts within our client-base, and target National private markets EU Institutions, Agencies & bodies We specialise in the EU market, with 25+ years of expertise Be in the top 3 IT services providers in the European Institutions Participate in the digital solutions modernisation (Cloud-first) of the EU through key contracts Expand our key position in Customs & Taxation, Intellectual Property & Patents, and Border Control & Security Participate in contracts that will assist the EU to achieve Europe’s Digital Decade objectives & targets National Government & Private market OUR ORGANISATIONAL MODEL Strategically positioning in private & government markets in EU countries Penetrate the private market in Greece and Spain offering services of niche expertise Increased offerings in private markets in Belgium & Luxembourg Leverage our EI expertise in European Member States National Governments Expand our reselling agreements to cover more countries Transforming the Events landscape and Digital services of the Future Bring our Policy, Strategy, Products and Outreach services to more EU Institutions and Agencies Expand our services to private sector, national administrations and other international organisations Grow our Group synergies so Sword becomes a «one stop shop» for all IT, digital and communication services to all our clients Digital Communications 26 Sword Group BENELUX | GREECE | SPAIN | EU TARGETS 2028 €170 m Revenue €20 m EBITDA 1,400+ employees
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To fulfil Vision 2028, we are capitalising our CORE EXPERTISE, and we are expanding to new business areas and services. Customs & Taxation Expand our key position in the development and IT service management contracts at Taxation and Customs and related operations In the process of renewing the IT Service Management contract with EC’s DG TAXUD Expanding our activities to Operational support of the IT systems and Integration with National systems Positioning our company with strategic partnership for the new big framework contract of the Customs legacy systems, and the new Customs Hub Patents & IP Expand our presence in IP and Patents to more EU Agencies and National IP Offices Enlarge our presence in the European Patent Office (EPO) Provide in-house expertise to the National IP offices in several European MS countries Develop fixed-price projects at European Intellectual Property Organisation (EUIPO) Border Control & Security Expand our involvement in more critical EU central information exchange systems & Interoperability applications Visa Information System (VIS) and Schengen Information System (SIS) contracts signed Pre-qualified for the Entry/Exit System (EES) Opportunities in the Shared Biometric Matching Service (sBMS), and in the European Asylum Dactyloscopy database (Eurodac) > €120 m > 50 clients > 1,000 FTEs Fixed Price Time & Material 2025 PROFESSIONAL SERVICES Initiating professional services related to EU AI ACT Task force to study & transform the legal framework of EU on AI (EU AI ACT) to actionable professional services for private and public organisations First professional services are expected within 2025 Strategic partnership with legal advisors BENELUX | GREECE | SPAIN | EU 27 Sword Group Business Development in 2025
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Sword Group European Agencies - EUROCONTROL 28 New Success Story…. European Organisation for the Safety and Management of Air Navigation Eurocontrol Eurocontrol is a new Customer for Sword Total Value : €40 m over 7 years Start in 2024 with 12 FTE’s 2025 YTD: 28 FTE’s – budget of +/- €3 m/year 2026-2031: 50 FTE’s – budget of €6 m/year Business Growth Maintaining and improving Critical Eurocontrol Systems Non-operational Financial applications CRCO Billing and Fee Collection applications Guaranteeing Eurocontrol’s Billing Systems (1 Billion €/month) Business Challenges > 30 > 7 years Fixed Price Belgium, Spain, Cyprus Delivering State-of-the-Art services for better mobility Deep business understanding, Flexibility, Solution driven approach Full partnership – Mutual Respect Success factors Enhanced Performance Security Cost Efficiency Compliance User Satisfaction Highest Quality Insurance Customer Benefits BENELUX | GREECE | SPAIN | EU
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Sword Group European Institutions - eu LISA - ETIAS 29 Another success Story…. European Travel Information and Authorisation System Applicant’s Health and security screening Visa exempt third-country nationals will apply for valid authorisation before crossing Schengen borders ETIAS Project ETIAS Public website dynamic forms and mobile application ETIAS Watchlist (interconnected with Interpol/Europol/etc) Carriers and TCN Support tools Multilingual ETIAS AI-based Chatbot Sword’s role Reduce procedures and border-crossing time Strengthen border management Reinforce EU’s Visa liberalisation policy Prevent irregular migration Fight against terrorism and organised crime Save travellers’ time ETIAS Benefits Reduce borders waiting time Enhanced security by pre-screening visa-exempt travellers before entering EU territory Efficient border management with a seamless travel experience for citizens of non-EU countries Business Challenges Entry into Operation is expected in 2026 > 10 > 4 years Fixed Price 1 location BENELUX | GREECE | SPAIN | EU
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Sword Group Vision 2028 To realise Vision 2028, we are expanding our Offshore Services into new international markets while reinforcing our presence in the Middle East. Additionally, we will establish specialised practices in high-value technologies and sectors, essential for driving innovation and maintaining our competitive edge in the global market SECTOR MODEL We’ll specialise and be respected in 3 core sectors: Public, Transports & Shipping and United Nations Growing our business technology solutions for the Public Sector in UAE Develop an extensive track record of serving the Shipping and Transports Sectors Increase long-standing framework agreements with multiple UN agencies, with teams already engaged in several countries Niche Services Offering We’ll develop specialised offerings and expertise in AI Chatbots and ERP systems. Deliver implementations of AI conversational chatbot in Middle-East Leverage 13 years of experience in Oracle ERP services - including Financials, EPM and more, we are a recognised leader in this technology Launch a new practice to offer SAP ERP services, capitalising on a rapidly growing market INTERNATIONAL Market Reach We’ll develop and expanded our international footprint Expand our Services into new International Markets and Reinforcing our presence in the Gulf Countries Establish a commercial team in Canada to enhance our market share in offshore outsourcing Break into the KSA Market Reinforce our presence in UAE and mainly in the Oil & Gaz sector TARGETS $40 m Revenue $9 m EBITDA OUR GLOBAL SUPPORT MODEL FROM OFFSHORE LOCATION CANADA UK US SINGAPORE UAE KSA KUWAIT OCEANIA COUNTRIES FRANCE SWITZERLAND SPAIN MIDDLE EAST/AFRICA BELGIUM CYPRUS SWITZERLAND INDIA Chennai UAE Dubai LEBANON Beirut CYPRUS Nicosia 30 Sword Group INDIA | MIDDLE-EAST | CANADA
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Sword Group Vision 2028 - Progress 2024 To realise Vision 2028, we are expanding our Offshore Services into new international markets while reinforcing our presence in the Middle East. Additionally, we will establish specialised practices in high-value technologies and sectors, essential for driving innovation and maintaining our competitive edge in the global market UK | US | IRELAND +24% Growth USD20.5 m in 2024 Serving 14 countries +55 FTE 31 SECTOR MODEL Secured new key projects in the public sector, particularly in UAE (Dubai Municipality, Dubai RTA, the Ministry of Economy, and the Ministry of Investment) which further strengthens our position in this market Extended our partnership with CMA CGM to include strategic projects in the organisation’s digital transformation initiatives regarding the Shipping core business Expanded our partnership with UNICEF and WIPO to take on new projects and broaden our reach to additional countries (Lebanon - education sector) resulting in a significant increase in offshore outsourcing activities for UN Agencies in 2024 Niche Services Offering Delivered several implementations of AI conversational chatbot in Middle-East Built more expertise in the Oracle ERP to enlarge our ERP offering in order to cover new modules like EPM and HCM Launched a new partnership with Liferay, the leading platform for Enterprise Portal and Digital Experience. bringing more innovative, seamless, and user-centric solutions to our clients across various industries INTERNATIONAL Market Reach . Expanded our Offshore Services into new International Markets ( Spain, Singapore) while Reinforcing our presence in the Gulf Countries Established a commercial team in Canada to boost our offshore outsourcing market share. Starting prospecting in Ontario and the northern United States Founded Sword Saudi in Riyadh at the end of 2024 to expand our commercial presence in this promising market INDIA | MIDDLE-EAST | CANADA
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Sword Group Business Development in 2025 32 SHIPPING & TRANSPORT Strengthen our market share in the shipping & Transport sector SECTOR New line of projects focused on integrating Google AI into the maritime domain specialised offering for the sector , leveraging 13 years of experience with one of the shipping industry’s top three players in France Targeting the Shipping companies in Cyprus Extending our cooperation with RTA (Dubai Rail and Transport Authority) OPPORTUNITIES PUBLIC SECTOR & UN Focus on Digital transformation INTERNATIONAL FOOTPRINT Sword Saudi & Others Our primary focus in Saudi Arabia will be on government entities, and we will establish a dedicated sales team to serve this sector Growing our footprint in the UAE public sector, with a focus on Abu Dhabi, the seat of the federal government We aim to secure new partnerships with UN agencies, which will be served by our offshore center in India 2025 marks the launch of our Saudi entity in Riyadh, backed by local private investment. Our primary focus will be on the government, sports, and oil and gas sectors We plan to expand our sales team in Canada to further develop the Offshore Market of Ontario and northern regions of the United States We will place special emphasis on the UK offshore market, leveraging our long- standing key references in London INDIA | MIDDLE-EAST | CANADA
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Sword Group SUCCESS STORY… BUSINESS CHALLENGE SOLUTIONS BENEFITS Digital Benchmarking Digital Transformation Latest Technologies Agile Delivery Model Urban Planning Unified Platform - Dubai Municipality (Dubai - UAE) Seamless Access: Users currently need to navigate multiple systems to access the Urban Planning Services and complete application requirements. A Unified Platform will streamline this process, enhancing the customer experience and improving user satisfaction Efficient Application Processing: Business team faces challenges in processing user requests. With the new Management Console, they can efficiently handle a higher volume of applications Data-Driven Decision Making: Management will gain access to insightful dashboards, facilitating informed and strategic decision-making Unified Channel for Obtaining the Urban Planning Services in Dubai Enhanced Customer Experience Leading to 100% DM User Satisfaction Fast Processing of the User Applications Optimised Utilization of Business Team Working Hours Positioning Dubai Municipality among the Top Entities Delivering the Public Services 12 16 Months Product Development 2 Locations Seamless Integrations Effortless Customer Experience Building a unified portal offering urban planning e-services for individuals, business partners, and government entities to manage urban lands, buildings, facilities, and infrastructure in alignment with an approved master plan. It streamlines request submission, review, and approval processes among stakeholders Gap Analysis Data-Driven Dashboards 33 INDIA | MIDDLE-EAST | CANADA
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Sword Group SUCCESS STORY… BUSINESS CHALLENGE SOLUTIONS BENEFITS Latest Technologies Digital Transformation Enhanced User Experience Integrations with Government Systems E-Inspection Mobile App - Department of Culture & Tourism (ABU DHABI - UAE) New Portable Channel for Performing the Inspection Process featuring offline functionality, enabling uninterrupted operations in low-connectivity areas, thereby improving productivity Enhanced Inspector Experience Leading to 100% User Satisfaction Optimised Utilisation of Inspection Team Working Hours Increasing the Inspector Performance 10 14 Months Product Development 1 Location Agile Delivery Model Developing a mobile application that streamlines the inspection process, ensures compliance with the Department of Culture & Tourism's regulations, collects and analyses accurate data, and improves communication Benchmarking Performance Tracking Web Platform Limitations: Frequent session disruptions in the web application hinder inspection efficiency Missing Offline Capability: In low-connectivity areas, operations stop, causing delays and reducing overall productivity Performance Monitoring: Without clear performance metrics, it’s difficult to evaluate inspector productivity and drive improvements Offline Capability INDIA | MIDDLE-EAST | CANADA 34
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Sword Group Strategic Plan 2025-2028 35
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2025 - 2028 Objectives | Organic Growth Business Plan by forfaitising the a priori effect of accelerators: By achieving double-digit annual organic growth €560 m With Acquisitions c. €700 m 2028 MARKET CAP. >€1 Mrd Sword Group 36
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Sword Group Figures 37
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Sword Group 38 FY 2024 12.0% EBITDA margin €323.0m Consolidated Revenue +15.9% Organic Growth at constant perimeter FY 2024 | Key Figures
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Sword Group FY 2024 | Consolidated Breakdown €m FY 2024 Revenue EBITDA Margin Organic Growth (i) BeNeLux | Greece | Spain | EU Locations 111.2 9.1% +12.7% Switzerland | Canada 96.0 9.8% +17.0% UK | US 97.1 14.2% +18.4% Offshore Global Services Centers | Middle East 18.7 29.6% +19.1% TOTAL 323.0 12.0% +15.9% +15.5% (ii) 39 (i) Organic Growth at constant perimeter (ii) Organic Growth at constant perimeter and constant exchange rates
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Sword Group 2024 | Organic Growth Breakdown €m FY Organic Growth (i) Q4 Organic Growth (i) Q3 Organic Growth (i) Q2 Organic Growth (i) Q1 Organic Growth (i) BeNeLux | Greece | Spain | EU Locations +12.7% +11.2% +12.6% +14.3% +12.6% Switzerland | Canada +17.0% +7.0% +18.8% +10.7% +34.3% UK | US +18.4% +36.4% +14.4% +18.5% +6.8% Offshore Global Services Centers | Middle East +19.1% +24.4% +17.5% +18.4% +15.8% TOTAL +15.9% +17.1% +15.3% +14.6% +16.8% (i) Organic Growth at constant perimeter 40
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Sword Group 41 FY 2024 | PnL (i) €m FY 2024 Revenue 323.0 Current EBITDA 38.8 | 12.0% Current EBIT 32.6 | 10.1% Non Current Costs 5.5 Financial Costs (2.1) Corporate Tax 5.1 Net Profit after corporate tax (i) 24.1 | 7.5% (i) With no impact of amortisation of backlog acquisition
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Sword Group 42 FY 2024 Balance Sheet | Non-Current Assets Increase due to the acquisitions of AAA, IACS & INCOR €k 31.12.2023 31.12.2024 ASSETS NON-CURRENT ASSETS Goodwill 69,355 79,535 Other intangible assets 7,036 11,632 Property, plant & equipment 4,573 4,753 Assets related to the right of use 11,866 10,603 Investments in associates 365 - Financial assets at fair value through other comprehensive income - 113 Financial instruments 126 - Deferred tax assets 60 370 Other assets 728 746 TOTAL NON-CURRENT ASSETS 94,109 107,752
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Sword Group 43 FY 2024 Balance Sheet | Current Assets €k 31.12.2023 31.12.2024 ASSETS CURRENT ASSETS Trade and other receivables 35,700 34,839 Work in progress 45,413 63,027 Current tax assets 1,100 1,185 Other assets 5,711 6,747 Cash and cash equivalents 62,587 70,620 Prepaid expenses 5,923 8,377 TOTAL CURRENT ASSETS 156,434 184,795 TOTAL ASSETS 250,543 292,547 Increase due to revenue growth and new EU projects
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Sword Group 44 FY 2024 Balance Sheet | Financial Debt Credit line Decrease due to the reclassification of share deals amounts from long term to short term partially balanced by the new share deals implemented in 2024 Increase due to revenue growth Increase due to the reclassification of share deals amounts from long term to short term €k 31.12.2023 31.12.2024 EQUITY AND LIABILITIES EQUITY Share capital 9,545 9,545 Share premiums 70,676 70,676 Reserves 6,733 10,420 Retained earnings 17,198 4,807 TOTAL EQUITY - GROUP SHARE 104,152 95,448 Non-controlling interests (minority interests) 1,258 1,662 TOTAL EQUITY 105,410 97,110 NON-CURRENT LIABILITIES Lease obligations 8,668 7,129 Other financial debts 35,000 56,000 Provisions for retirement benefits 249 282 Other provisions 227 - Deferred tax liabilities 1,431 2,098 Other liabilities 25,433 19,299 TOTAL NON-CURRENT LIABILITIES 71,008 84,808 CURRENT LIABILITIES Lease obligations 3,604 3,541 Other financial debts 172 675 Other provisions 184 485 Trade and other payables 25,013 44,973 Current tax liabilities 1,558 2,158 Other liabilities 20,599 40,769 Prepaid services 22,995 18,028 TOTAL CURRENT LIABILITIES 74,125 110,629 TOTAL LIABILITIES 145,133 195,437 TOTAL EQUITY AND LIABILITIES 250,543 292,547
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Sword Group 45 2024 | Net Cash Position (i) 31/12/2024 Net Cash Position: €17.8m (Bank: €13.9 | Treasury Shares: €3.9m) 30/09/2024 Net Cash Position: €-2.2m (Bank: €-6.2m | Treasury Shares: €4.0m 30/06/2024 Net Cash Position: €4.8 (Bank: €2.4m | Treasury Shares: €2.4m (i) Net cash position, excluding IFRS 16 Sword Group
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Sword Group 46 2024 | Net Cash Position Details (i) €m FY 2023 FY 2024 As of 01/01 +50.0 +32.6 Operational cash: normative flow +26.9 +28.9 Change in WCR -4.9 -5.7 Dividends -16.2 -16.0 Share deals during the period -11.9 -7.3 Acquisitions + M&A fees -8.2 -10.6 Investments -3.1 -4.1 As of 31/12 +32.6 +17.8 (i) Net cash position, excluding IFRS 16 Sword Group
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Sword Group 47 FY 2024 | Backlog [30/09/2024] Backlog: €553.4m (21.3 months) [31/12/2024] Backlog: €631.8m (21.1 months) Sword Group
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Sword Group 48 FY 2024 Top 10 | Clients Company Location British Petroleum UK | US DG Informatics (DIGIT) BeNeLux European Parliament BeNeLux Harbour Energy UK Scottish and Southern Energy (SSE) UK Serica Energy UK Taqa Bratani UK TotalEnergies UK | US WADA Switzerland WIPO Switzerland The first 10 clients represent 36.8% of the FY 2024 Consolidated Revenue The first client represents 9.7% of the FY 2024 Consolidated Revenue 1 23
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Sword Group Sword Group’s Share 49
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Sword Group 50 Share return 2022 Total Share Return (TSR) 01/01: €43.65 - 31/12: €39.4 Dividend paid in 2022: €10.0 2022 +55% 2021 -1% 2020 2024 2023 Total Share Return (TSR) 01/01: €39.4 - 31/12: €39.85 Dividend paid in 2023: €1.7 +4.0% CAC MID&SMALL 2023 +13% 2018 0% 2017 +21% 2016 +24% 2015 +46% 2014 +19% 2020 Total Share Return (TSR) 01/01: €34.1 - 31/12: €31.35 Dividend paid in 2020: €2.4 +1.2% CAC MID&SMALL 2021 Total Share Return (TSR) 01/01: €31.35 - 31/12: €43.65 Additional Dividend paid in 2021: €4.8 +16.0% CAC MID&SMALL -19.6% CAC MID&SMALL 2024 Total Share Return (TSR) 01/01: €39.85 - 31/12: €35.7 Dividend paid in 2024: €1.7 -6.1% -5.9% CAC MID&SMALL +5.5% 2019 +22%
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Financial Key Dates 51Sword Group
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Sword Group MEETINGSPUBLICATIONS 31 28/04/2025 Annual Shareholders Meeting | 2024 10/09/2025 SFAF Meeting | H1 2025 Results in Lyon 12/03/2026 SFAF Meeting | FY 2025 Results in Paris 28/04/2026 Annual Shareholders Meeting | 2025 Financial Calendar 24/04/2025 2025 | Q1 Results 24/07/2025 2025 | Q2 Results 23/10/2025 2025 | Q3 Results 22/01/2026 2025 | Q4 Results 11/03/2026 2025 | FY Results 52
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Sword Group | 2 rue d’Arlon L-8399 Windhof - Luxembourg SE capital €9,544,965 - B168244 FOLLOW SWORD sword-group.com @Sword_Group @SwordGroupSword Group Sword Group