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1Sword Group - September 26 H1 2026 SFAF Presentation Detailed SWORD GROUP 2026 | September 10th
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Sword Group At a Glance Management Chart Introduction Strategy Divisions H1 2026 Figures Financial Key Dates 2
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Sword Group Sword 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 18 countries | Belgium, Canada, Cyprus, England, France, Greece, India, Ireland, Lebanon, Luxembourg, Netherlands, Portugal, Saudi Arabia, Scotland, Spain, Switzerland, United Arab Emirates, United States Sword Group has been making world-leading organisations more efficient and more profitable 4 offshore | nearshore support centres 1000+ customers in over 50 countries International Group founded in 2000 4
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Sword Group H1 2026 | Figures as of June 30, 2026 5 3,900+ people | 36 nationalities Consolidated Revenue by Region Consolidated Revenue by Market Active in 50+ countries UK | 31.7% BeNeLux | Greece | EU 24.2% North America | 6.6% Switzerland | Portugal | 26.3% Middle East | India | 6.1% Consolidated Revenue | €187.7m EBITDA Margin | 12.0% Organic Growth | +12.6% (i) (i) at constant perimeter and constant exchange rates Dependable, digital IT transformation solutions that reduce costs and increase productivity Highly Regulated Market Energy 26.2% EU 24.2% Others (Banking, Finance, Health, Insurance, Manufacturing, Telcoms, Utilities) 13.1% Government 23.5% International Organisations 13.0% Spain | 5.1%
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Sword Group Management Chart 6Sword Group
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Sword Group CEO Jacques MOTTARD EXECUTIVE CHAIRMAN Organisation | Management Team | OPERATIONS -1- 7 Dieter ROGIERS BENELUX | GREECE | EU Guillaume MOTTARD SWITZERLAND | CANADA | FRANCE Kevin MORETON UK | US Nasser HAMMOUD MIDDLE EAST & INDIA David MARTÍNEZ IBERIA Greg ANDERSON PUBLIC SECTOR Phil BRADING ENERGY Rob MOSSOP FINANCIAL SERVICES Terry NEILL DIGITAL PLATFORM Michel BONVOISIN LUXEMBOURG Nikos MASTROYIAN NOPOULOS GREECE Lucie JOLLY PUBLIC SECTOR | UN Philippe JULIA FINANCIAL SERVICES Philippe CHARPIER SPORT aa. Mohsen ALSHARIF SAUDI ARABIA Ravi RAMU INDIA COO aa. Dieter ROGIERS BELGIUM | EU aa. Alberto SALAMANCA MADRID aa. David MARTÍNEZ BARCELONA aa. Nasser HAMMOUD OTHERS aa. David MARTÍNEZ LISBON
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Sword Group Jacques MOTTARD EXECUTIVE CHAIRMAN UK | US Grant Alexander Louise Barwell Adam Gall James Lucas Craig Neilson Jared Owen Jonathan Smith Daniel Sneddon Michael Stewart BUSINESS UNITS DIRECTORS Organisation | Management Team | OPERATIONS -2- CEO Dieter ROGIERS BENELUX | GREECE | EU Guillaume MOTTARD SWITZERLAND | CANADA | FRANCE Kevin MORETON UK | US Nasser HAMMOUD MIDDLE EAST & INDIA David MARTÍNEZ IBERIA BENELUX | GREECE | EU Alexis Brice Tasos Kilakos Irena Kozinska Stéphane Sédéfian Stylianos Sdrakas SWITZERLAND | CANADA Philipp Dasen Marianne Frackowiak Davy Lay Maxime Okou Ildefonso Salidotello João Pereira Florian Sulliger Geoffrey Vande Weert Julien Vergeres Yoan Topenot MIDDLE EAST | INDIA AbdElbaset Moustafa Jihad Sleilaty SPAIN | PORTUGAL Fernando Esteban Alejandro Garcia Mario Izquierdo Bianca Lehner Marco Pestaña José Rodriguez 8
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Sword Group Organisation | Management Team | CENTRAL FUNCTIONS Stéphanie DESMARIS Head of Communication Kevin MORETON CEO Glossary: CAIO Chief Artificial Intelligence Officer CISO Chief Information Security Officer CSO Chief Sustainability Officer CAIO Greg ANDERSON CSO David HOWE CISO Andrew THOM 9
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Sword Group Organisation | Management Team | FINANCE Patrick ZBINDEN Switzerland | Middle-East | France Steve VIGNEAUX 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 Introduction 11Sword Group
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Sword Group 12 Introduction STRONG READY FOR THE NEXT PHASE Half-Year Results • Expertise • Outlook Robust backlog | Successful AI transition | Restructured offering
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Sword Group 13 Understanding Sword starts with its fundamentals STRENGTH | Backlog, operational discipline and visibility TRANSFORMATION | Successful AI transition and restructured offering DIFFERENTIATION | A profile that remains significantly different from our peers A strong, transformed company ready to continue its trajectory
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Sword Group Strategy 14Sword Group
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Sword Group From Resource Provider to AI-Led Systems Integrator YESTERDAY We provided specialist professionals and delivered fixed-price projects. TODAY We integrate business strategy, applications, platforms and infrastructure to deliver business outcomes. TOMORROW We aim to be the AI-led partner customers trust to design, build, secure and run their transformed digital enterprise. AI is reshaping every industry; organisations require more than individual technologies and specialist resources. They need a partner that brings business strategy, applications, cloud platforms, infrastructure and security into a single, integrated operating model. That is the role of a modern Systems Integrator. 15
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Sword Group Our Four Pillars One integrated model, from strategy through to the resilient foundation beneath it. 01 Consulting Define the strategy and identify the value Business transformation, AI strategy, architecture and operating model design. 02 Applications Create solutions that deliver outcomes Digital applications, data products, automation and AI-driven experiences. 03 Platforms Enable scalable digital capability Cloud, data and AI platforms that accelerate innovation and operational efficiency. 04 Infrastructure Provide the resilient foundation Networks, compute, operational technology and workplace services that power the business. Four pillars, one integrated operating model: powered by AI, enabled by Cloud, secured by Cyber. 16
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Sword Group Strength Through Strategic Partnerships Best-of-breed capability combined to solve real business problems. Microsoft Modern work and cloud transformation. AWS Cloud scale and innovation. Cisco & Splunk Networking, secure connectivity, observability and cyber security. Palo Alto Security operations and integrated cyber defence. Nutanix Hybrid cloud infrastructure. Dell Data storage and advanced compute. Partners provide the technology. Sword provides the integration. Customers realise the outcome. We act as the trusted AI-led integrator between these technologies and our customers' business objectives. AI solutions embedded across and delivered through all partner products. 17
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Sword Group The AI, Cloud & Cyber Thread The capabilities that connect and strengthen every pillar. AI Drives innovation and productivity. Cloud Provides scale, agility and speed. Cyber Ensures trust, resilience and compliance. Consulting AI strategy, cloud transformation, cyber governance. Applications AI-powered solutions, secure-by-design development. Platforms Cloud-native architectures, data and AI platforms. Infrastructure Secure, resilient and AI-ready operations. We are evolving from a specialist resource provider to an AI-led Systems Integrator. Through Consulting, Applications, Platforms and Infrastructure, we combine the right technologies from strategic partners to help customers transform their organisations – powered by AI, enabled by Cloud and secured by Cyber. 18
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Sword Group AI Transformation is fuelling our growth 19 APP. PLAT. INFRA. CONS. • Small today, but grows the fastest as AI drives adoption. • Already significant, and AI pushes it higher still. • Steady until now, then accelerates sharply as AI unlocks new demand. • Modest today, growing steadily as AI fuels demand for advice. Revenue shifts to ensure double-digit growth YESTERDAY We provided skilled professionals and delivered fixed-price projects. TODAY We integrate business strategy, applications, platforms and infrastructure to deliver measurable outcomes. TOMORROW We become the trusted AI-led Systems Integrator that helps customers design, build, secure and operate their digital enterprise. • If we don’t transform, then the risk is that this revenue stream declines.
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Sword Group AI | The gain arrives with the redesign, not with the machine Displacement comes first; the operating model that pays comes later THE INDUSTRIAL ARC 1764 SPINNING JENNY Machines replace hands; work stays home. 1771 THE FACTORY Work is pulled into one place. 1880s ELECTRIFICATION Old layouts kept; gains stay modest. 1913 ASSEMBLY LINE Work redesigned: 12.5 hrs to 93 mins. THE AGENTIC ARC: WHERE WE ARE NOW 2023 CHATBOTS Assistants bolted onto old work. 2025 COPILOTS Task-level lift, same process. 2026 AGENTS Process steps now run alone. ? OPERATING MODEL The design that makes it pay. 20
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Sword Group Divisions 21
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Sword Group UK | US 22
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Sword Group UK-US | Market Positioning 23 CRITICAL NATIONAL INFRASTRUCTURE (CNI) ENERGY & UTILITIES FINANCE PUBLIC SECTOR PROJECTS & PROCUREMENT MANAGED SERVICES & RESOURCING BU OFFERINGS CONSULT APP PLAT INFRA SECTOR CROSS -SECTOR CAPABILITIES DELIVERY MODELS REVENUE CHANNELS HOW WE MARKET & SELL WHERE REVENUE COMES FROM CYBER CLOUD AI
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Sword Group EXECUTIVE SUMMARY | UK - US 24 FY26 BUDGET (i) Win 3 new M&A Programmes in H2 Partner Revenues of £35m SSE Substations award – Target £6.5m Add 2+ New name Utilities customers. RISK: Operations fail to keep up with Sales growth could impact reputation. RISK MITIGATION: Continue investment in Operational structures protects profitability. RISK: Upsurge in Employee relations cases fuelled by new legislation & free AI generated legal advice. RISK MITIGATION: Line Manager training & insurance policy extension. RISK: Software Dev revenues under pressure due to AI. RISK MITIGATION: Continue executing plan to embed efficiencies in our offers. KEY MARKET MESSAGES FY26 GROWTH ACCELERATORS/BOOSTERS SALES/BD TARGETS KEY RISKS • Capex investment – Critical National Infrastructure solutions x11 ROI • Capex investment – Internal AI Investment – x9 ROI • Capex investment – Cloud FinOps, AI Token consumption & Asset Management. • AWS – Organic growth post CirrusHQ acquisition – Cross sell • Market rebound potential – Oil and Gas Realistic (Deliver Budget) Key conditions of this outcome • Partnerships continue to deliver expected revenue. • Win 2 further Oil and Gas M&A Projects. (3 in pipeline). • Execute AAB integration project in line with plan. • SHET program progresses as planned • SSE Substation Project awarded. • AWS cloud offering (CirrusHQ) cross sold to existing customers • Win 1 new name Utilities customer. • Maintain position in Oil and Gas • Close various OT Security opps. Optimistic (Exceed budget) Key conditions of this outcome • Government taxation policy change - Oil and Gas. Positive signs. • SSE – Close all opportunities we believe we can win. • Win Harbour Cloud Managed Service • Win global procurement deal with Orsted. • Mega Data Centre cabling project award. • Win more than one Utilities customer tenders, (Bidding on 7) Rev Target £122.2m +17.2% growth EBITDA £15.6m - EBITDA % 12.8% - FY26 FORECAST (i) Rev Target £123.0m +18.0% growth EBITDA £15.7m - EBITDA % 12.8% - • Leading technology services provider to Critical National Infrastructure • Markets do not create competitive advantage; domain expertise does. • End to end AI transformation partner, We prove concept, value and scale. • Operational Resilience – Create & maintain secure, scalable foundations customers continuously operate their business on. Revenue £122.2m Revenue £125.0m *Incl CirrusHQ acquisition (i) The initial budget has been updated to include Cirrus HQ.
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Sword Group Case Study SSE: Delivering AI Transformation SSE wanted to rapidly extend their AI capabilities through a trusted partner with their own solid AI foundations. SSE had identified 7 key areas of potential use case delivery, but needs strong governance, a secure and scalable AI platform, and a clear way of measuring the return on their investment in AI capabilities. Solution Sword partnered with SSE to enhance its AI delivery capabilities across multiple levels. By leveraging our Pathfinder AI framework, we rapidly assessed what’s needed across AI strategy, governance, architecture and delivery teams and have delivered robust, repeatable, and scalable outcomes. Outcomes AI Transformation Office: a clear structure for prioritising, governing, and evaluating AI use case delivery. Enterprise AI: AI programme spanning strategy, governance, operating model, AI platform & solution delivery. Full stack AI support: Sword provides a full AI service across all disciplines to manage the full lifecycle of AI initiatives. Owning the AI outcome: Sword provides strategic and operational capability to turn AI ambition into real value for CNI. Build the strategy A prioritised enterprise AI strategy and investment roadmap. Accelerated use case delivery Using our Proof of Concept, Proof of Value, Proof of Scale framework process. Secure AI Platform Secure AI platform, and governance controls and roadmaps. Prioritise AI Investment Improved funding, governance and benefits tracking. AI | Consult | Platform Proof of Concept Proof of Value Proof of Scale 25
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Sword Group Case Study ADURA: Cyber defence for critical infrastructure ADURA needed to build a resilient cyber defence capability to protect a new joint venture comprising the largest independent energy production capacity in the North Sea. Their priority was to deliver compliant critical infrastructure cyber defence at pace and scale, crossing multiple organisational boundaries, and encompassing a broad hybrid multi-cloud estate. “Sword worked as a true partner, giving us confidence that our security operations were controlled, transparent, and ready to stand up to audit scrutiny.” Iain Macadie, ADURA CISO Solution Sword deployed best practice hybrid cloud and cyber security tooling across the Adura environment, protecting their infrastructure with modern cyber and AI capabilities, managed by our Unified Cyber Defence service. Outcomes Operational Resilience: Processes and policies aligned with industry resilience frameworks. Customer trust: Working with office of the CISO to tailor controls and reporting to business needs. Cyber defence governance: AI-enabled tooling identifies threats and orchestrates remediation across parties. Technology partnership: Strong partner ecosystem enabled AI- enhanced, unified cyber defence. Integrated Cyber Defence Unified monitoring, detection, and response across IT environments. Rapid Threat Response 24x7 operations with automated and expert-led incident response. AI Security Platform AI automated use cases continuously strengthen threat response. Regulatory Compliance Industry leading tools with built- in compliance to meet evolving standards. Cyber | Platform 26
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Sword Group BeNeLux | Greece | EU 27
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Sword Group BeNeLux - Greece - EU | Market Positioning EUROPEAN INSTITUTIONS IT MARKET EUROPEAN COMMISSION & PARLIAMENT EUROPEAN AGENCIES & BODIES INTERNATIONAL ORGANISATIONS CYBER CLOUD AI PROJECTS & PROCUREMENT MANAGED SERVICES & RESOURCING BU OFFERINGS CONSULT APP PLAT INFRA SECTOR STRATEGIC VALUE DELIVERY MODELS REVENUE CHANNELS HOW WE MARKET & SELL WHERE REVENUE COMES FROM 28
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Sword Group 29 FY26 BUDGET DEFENSE, JUSTICE, SECURITY & BORDER CONTROL FINANCIAL SERVICES, CUSTOMS & FISCALITY HEALTH, IP, PATENTS & HR SERVICES INFRASTRUCTURE & TRANSPORT LEADER in EUI & EXPERT in Tendering Procedures EUROPEAN SOVEREIGNTY in CLOUD, DATA & SERVICES CONSORTIUM LEADERSHIPS STABLE MARKET CONDITIONS FY26 SWORD NON-SIGNED PIPELINE ‘26 EUI PRIORITY MARKETS UNIQUE MARKET POSITION Realistic • Stable market conditions • > 110 Million EURO new wins in 2026 • Renewal existing FwCs • DIGIT TM3 • Eurostat sDMX • 4 new Framework Contracts • eu-LISA EES • DIGIT HACS consultancy • EPO test automation • EP consultancy • New FwCs from pipeline • # Wins • Fast Start-up/Ramp-up • Important business Take-over • Expand Resell Partnership Programs Potential Overscore up to 5+% above FY26 budget Rev Budget €89.0m +9.7% growth EBITDA €8.9m - EBITDA% 10.0% - FY26 FORECAST • MULTI-MILLION and MULTI-YEAR Framework Contracts (FwCs) • IMPORTANT BACK-LOG • HIGH RECURRING FIGURES Call for Tenders Under Evaluation > 50 Million EURO (>< TCV 570 Million EURO) Call for Tenders under Preparation > 25 Million EURO (>< TCV 240 Million EURO) Call for Tenders Expected in ‘26 > 200 Million EURO (>< TCV 2.636 Million EURO Optimistic EXECUTIVE SUMMARY | BENELUX - GREECE - EU Revenue €90.0m Revenue €95.0m Rev budget €91.0m +12.2% growth EBITDA €9.3m - EBITDA% 10.2% -
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Sword Group Case Study eu-LISA TEF: strengthen borders and JHA domains eu-LISA needed to develop and manage large-scale IT systems that support the implementation of asylum, border management, migration, and justice policies in the EU. The priority was to enhance interoperability between the independent systems and align with the new EU legislations. “By aligning our efforts with Sword, we established an efficient execution path that led to the smooth rollout of our new production systems to the benefit of EU citizens.” Andrei PARASCHIV, IO Programme Manager Solution Sword partnered with eu-LISA to deliver various systems (e.g. ETIAS, IO, VIS, SIS, EES) using a secure, scalable and legislation-led delivery model. Delivery model: Gradual delivery since 2021, utilising multiple independent teams, and state of the art methodologies. Multi- stakeholders: Legislation driven solutions, targeting MSs, Carriers, the Commission, Frontex and Europol. Complex integrations: Internal (within eu-LISA ecosystem) and external, with eu-LISA’s stakeholders. Complex technologies: From design to implementation different stack is combined maintaining security and scalability. Growth Sword’s footprint is increased within the domain of border security and JHA. Efficiency Internal delivery model adopted to cope with the particularities and the complexity of the EU organisation. Solution values Seamless, real- time data sharing, improving EU internal security, safe & legitimate travel, manage asylum/ migration policies. Innovation Solution supports further usage of new technologies (e.g. AI) when legislation will allow them. Outcomes EU | Border Control & Security 30
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Sword Group Case Study EC DG Taxud: ITSM VoW The European Commission aimed to secure daily operations, handle incident management, coordinate testing and deployment, and assist National Administrations and trade communities in fulfilling the digital transformation goals of DG TAXUD. Sword manages, secures, and supports the deployment of trans-European and central/distributed IT systems, applications, and tools dedicated to the Customs & Taxation domains and associated regulatory frameworks, such as VIES-on-the-Web (VoW), a critical VAT European application. “Sword acquired extensive business knowledge and acted as a trusted partner of the European Commission in maintaining and continuously evolving its anti-fraud applications, such as VoW.” Kris DEJONGH, Head of TAXUD B4 Solution Sword established and operated a monitoring mechanism for VoW, supported by usage-pattern analysis algorithms designed to detect abusive or abnormal traffic from anonymous end users. This enabled the early identification of faulty traffic flows affecting the performance, capacity and stability of the application. Outcomes Event management: Proactively detect fraudulent patterns before affecting application stability. Business monitoring: Ensure correct response times and identify long processing transactions and high invalid request ratio. Proactive alerts and daily analysis: Initiated preventive blocking actions to avoid additional system load. External systems: Interfaces with external systems were monitored to detect connectivity issues and alert system owners. Volumes More than 20 million daily VAT requests made by traders across the EU. Monitoring Customised scripting and specific application usage. Reduced downtime Automated blocking actions based on algorithms increased VoW SLAs. Traders Communication with traders to whitelist, set appropriate timeframe for massive validations. EC | Customs & Taxation 31
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Sword Group Iberia 32
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Sword Group Iberia | Market Positioning MISSION - CRITICAL DIGITAL TRANSFORMATION TELECOM MEDIA & ADVERTISING HEALTH CYBER CLOUD AI PROJECTS & PROCUREMENT MANAGED SERVICES & RESOURCING BU OFFERINGS CONSULT APP PLAT INFRA SECTOR STRATEGIC VALUE DELIVERY MODELS REVENUE CHANNELS HOW WE MARKET & SELL WHERE REVENUE COMES FROM 33
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Sword Group EXECUTIVE SUMMARY | IBERIA RISK: Integration of Portugal, resulting in a loss of focus on the growth of the Spanish operations. RISK MITIGATION: Maintain autonomy within the BUs and strengthen internal management. RISK: Unsuccessful investment of time and resources in M&A processes. RISK MITIGATION: Continuous monitoring and agile decision- making. RISK: Revenue reduction due to the implementation of new AI models. RISK MITIGATION: Become early adopters, positioning ourselves as a reference in the market. KEY MARKET MESSAGES FY26 GROWTH ACCELERATORS/BOOSTERS SALES/BD TARGETS KEY RISKS • Advanced M&A process for the acquisition of niche companies • Strengthen the commercial area to increase market reach and presence (locally and Group) • New business through EU Sovereign Cloud partnerships, particularly in the public sector and regulated industries. • Strong momentum in the Spanish IT investment market (Data centers, Electric Car, Batteries, AI adoption) Realistic Key conditions of this outcome • Current accounts remain stable, with slight growth. • One new major client is secured, with a significant impact during the second half of the year. • We leverage synergies across the different delivery models within the division. • Participation in and successful acquisition of one opportunity generated within the Group. Optimistic Key conditions of this outcome • Opening of at least two new major clients during Q3. • Maximisation of synergies within IBERIA between Sword Spain and Portugal. • Successful acquisition of two opportunities generated by the Group. • Improvement in efficiency and margins as a result of the integration within the Division. • Integration of Sword Portugal into the IBERIA Division during H2. • Strategy focused on strengthening Centers of Excellence in Data, AI, and Cloud. • Successful business diversification across a broader client base. • Continuous improvement in efficiency to maintain high levels of business profitability. Revenue €19.1m Revenue €21.0m FY26 BUDGET Rev Target €20.3m (i) EBITDA €2.4m EBITDA % 11.8% FY26 FORECAST Rev Target €20.5m (i) EBITDA €3.3m EBITDA % 16.1% End the year with a backlog of over 75% for 2027. Opening of at least 3 new major accounts each year. Generate new business in Portugal exceeding €1m. Partnership models with other divisions for group opportunities (i) Organic growth not calculated, as the entity was acquired during fiscal year 2025. 34
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Sword Group Case Study TELXIUS: Next- generation Operations & Data platform Telxius is a global leader in intercontinental connectivity, leveraging one of the world's most extensive submarine cable networks. Its infrastructure enables leading digital companies - including Google, Amazon, Netflix, and many others - to deliver reliable, high-capacity services on a global scale. Solution Sword delivers an integrated service model combining OSS operations, transversal project management and advanced Data, AI & Automation capabilities to support Telxius’ system lifecycle, enhance operational efficiency and enable data-driven decision-making. Outcomes Integrated OSS & Data ecosystem: Seamless integration between systems, data platforms and business processes. Advanced Data & AI: Data governance, analytics, automation and machine learning applied to operational optimisation. Automation-first approach: Process optimisation Data analytics and custom developments using an AI first approach. Transversal project governance: Delivery under PMP and Agile ensuring control, visibility and alignment with business objectives. Enhanced operational efficiency Streamlined processes and reduced manual effort through automation. Improved service reliability Proactive monitoring, incident management and system evolution. Scalable digital foundation Future-proof platform, supporting Telxius’ ambition and innovation. Accelerated decision-making High-quality, governed data and advanced analytics. Cloud, AI and Cyber | Infrastructure Telxius is transforming its operations and data capabilities to establish a future-ready digital platform that drives scalability, operational excellence, and cyber resilience, adopting an AI First approach. 35
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Sword Group Case Study Softway Medical: AI- powered Clinical Decision Hospital Manager (HM) is its flagship Hospital Information System, supporting hospitals for over 20 years. To accelerate its AI strategy, Softway Medical partnered with Sword to adopt AI to improve medication prescribing while preserving the reliability of a mission- critical healthcare platform. Solution Sword is integrating Hospital Manager (HM) with the POSOS* Clinical Decision Support Platform, enabling AI-powered prescription validation directly within the existing clinical workflow. The solution securely exchanges relevant patient information with POSOS, providing clinicians with real-time decision support. Outcomes Secure AI Integration: Between Hospital Manager and the POSOS AI platform. Patient Prescription Analysis: Analysed prescriptions in real time using patient demographics, allergies and medical history. AI-assisted decisions: Provided clinicians with context-aware therapeutic alternatives to support safer prescribing decisions. Clinical Risk Detection: Identified contraindications, allergy-related risks and potential medication conflicts before prescription validation. Enhanced Patient Safety Unified monitoring, detection, and response across IT environments. AI-enabled Clinical Decision Informed prescribing decisions through real-time recommendations and risk alerts. Innovation Showcase PoC selected by Softway Medical to showcase its innovation strategy at SantExpo. AI Foundation Scalable integration model supporting adoption of additional AI- powered capabilities. AI | Platform Softway Medical is a leading European provider of digital healthcare solutions, enabling hospitals to deliver smarter, more efficient patient care. * POSOS is widely used to support safe and efficient medical prescribing. 36
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Sword Group Switzerland | Canada | France 37
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Sword Group Switzerland - Canada - France | Market Positioning SOVEREIGNTY & RESILIENCE SPORTS CYBER CLOUD AI PROJECTS & PROCUREMENT MANAGED SERVICES & RESOURCING BU OFFERINGS CONSULT APP PLAT INFRA SECTOR STRATEGIC VALUE DELIVERY MODELS REVENUE CHANNELS HOW WE MARKET & SELL WHERE REVENUE COMES FROM LUXURY FINANCE HEALTH INT. ORGA PUBLIC SECTOR 38
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Sword Group EXECUTIVE SUMMARY | SWITZERLAND - CANADA - FRANCE 39 FY26 BUDGET Win 1 new major managed services +5 nearshore/offshore consultants Sign an additional major hardware transformation project Renewal of all our Managed services contract RISK: Swiss competitivity RISK MITIGATION: Nearshore/Offshore AI & Innovation Trust & Quality Multi sectors RISK: Staff attractivity & retention RISK MITIGATION: Sword Switzerland new organisation KEY MARKET MESSAGES AND TARGETS FY 26 GROWTH ACCELERATORS/BOOSTERS SALES/BD TARGETS FOR Q4 KEY RISKS • Growing need for Sovereign AI platform & Data Privacy in Switzerland • Our successful and transparent collaboration with the nearshore/offshore business units • From a provider approach to a global partner one • Be more active within the 500 – 2’000 users companies' market Realistic Key conditions of this outcome • The Sword Switzerland new organisation will allow to increase our efficiency and make savings • At a glance: • Market coverage & sales efficiency increase • A better back-office coordination • Increase of our visibility & attractivity on the market - Clients' budget on track until end of the year - Successful collaboration with the nearshore/offshore business units - AI & Automation increasing our productivity and generating new business Optimistic Key conditions of this outcome • Ability to validate and start in Q4 some major transformation programs currently in discussion with our clients • Strong increase of our footprint within the public sector thanks to our numerous frame contracts • Some AI projects going from the pilot phase to the industrialisation one Revenue CHF110.2mRevenue CHF107.8m Rev Target CHF107.8m +9% growth EBITDA CHF10.8m - EBITDA % 10.0 % - FY26 FORECAST • Strategic Value Propositions • Digital Workplace • App. development • Business transformation • Global Managed Services Rev Target CHF107.0m +9% growth EBITDA CHF10.5m - EBITDA % 9.8% -
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Sword Group Case Study International organisation: Datacenter move to Switzerland Our client needed to move its data to Switzerland while managing service continuity. The priority was to deliver the migration without disrupting critical operations. “The collaboration with Sword was based on transparency and trust. These values are keys for the delivery of such a business- critical project.” CIO, Confidential organisation Solution Sword delivered to the client this Microsoft 365 & Azure programme using a secure, scalable and outcome-led delivery model. Delivered in 24 weeks : from mobilisation to go-live. Scaled across 6 sites: with minimal disruption to live operations. Improved data sovereignty: through data residency and a strong governance. Created platform for future growth: including DLP, Datalake, AI. Growth Usage of the Microsoft Cloud to set up a scalable platform. Efficiency Focus on automation and Finops. Risk Strengthens security and sovereignty. Innovation Creates foundation for future transformation. Outcomes Infrastructure | Cloud 40
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Sword Group Case Study mci group: Setup of a GRC platform to manage ISO certifications mci group needed to find a way to manage more efficiently its ISO certifications. The priority was to introduce a flexible solution to answer first to the ISO27001 compliance and then extended to the other 3 ISO certifications owned by mci group Solution Sword chose to answer to the mci group need through the ServiceNow platform allowing our client to get a reliable and customisable solution that will fit to any potential future need. Outcomes A risk based approach: Link risks, controls, and assessments to business impact. A scalable solution: Establish foundations for progressive GRC maturity. Focus on adoption : Out of the box solution, change management and trainings. Strategic partnership: Servicenow as the central hub to gather and orchestrate data efficiently. Governance Centralise the governance and the compliance. Operational savings Reduce operational efforts through automation. Innovation Setup of a reliable platform to extend to other use cases and automations. Audit ready Strengthen audit readiness and transparency. Consulting | Platforms “Sword demonstrated a thorough understanding of the challenges involved in ISO certification for our business and was able to tailor its approach to our needs.” Edouard Duverger, mci group CIO 41
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Sword Group Offshore | Middle East 42
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Sword Group Middle East-India | Market Positioning GCC Digital Transformation & Global Offshoring Public Sector Transport & Logistics Finance CYBER CLOUD AI PROJECTS & PROCUREMENT MANAGED SERVICES & RESOURCING BU OFFERINGS CONSULT APP PLAT INFRA SECTOR STRATEGIC VALUE DELIVERY MODELS REVENUE CHANNELS HOW WE MARKET & SELL WHERE REVENUE COMES FROM 43
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Sword Group EXECUTIVE SUMMARY | MIDDLE EAST- INDIA 44 FY26 BUDGET Focus on AI & SAP Offering Partner Revenues of $5m Increase AI Copilot usage to reach the 40% productivity gain Deploy all means to start revenues generation from KSA RISK: Pressure on Rates due to AI RISK MITIGATION: Introduction of AI-led offerings and long-term fixed-price engagement models RISK: underperformance in the in the new entities : KSA or AD RISK MITIGATION: close Follow- up and increased presence from the regional leadership RISK: Delayed Revenues Generation from SAP practice RISK MITIGATION: Multiply the partnerships with established SAP providers to sell Nearshore capacity KEY MARKET MESSAGES AND TARGETS GROWTH ACCELERATORS/BOOSTERS SALES/BD TARGETS KEY RISKS • AI-augmented teams that will free up capacity for new projects. • AI Agentic Offering • Abu Dhabi New Entity • Infrastructure Services • New SAP Practice Realistic • 15% Growth • The contracts signed to date confirm this forecast. Key condition of this outcome • Partnerships deliver expected revenues (SAP & Oracle) • Win 1 new project or Managed Services customers • Efficient usage of AI generated bandwidth Optimistic • 23% Growth Key conditions of this outcome • Partnerships deliver more expected revenues • Win 3 new projects or Managed Services customers • Efficient usage of AI generated bandwidth • Saudi Deliver the expected revenues Revenue $30mRevenue $28m Rev Target $26.6m +10% growth EBIT $5.8m - EBIT % 21.8% - FY26 FORECAST Rev Target $29m +19.9% growth EBIT $6.0m - EBIT % 20.7% - • Supporting clients cost optimisation through: • the usage of AI Tools for Coding and our new Offering of Applied AI services • 26 Years of Excellence in Global Nearshore & Offshore Services with Stable Teams & competitive Rates • International Company with local presence & delivery teams in KSA and UAE • Leverage Excellent Track record in the GCC Public Market
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Sword Group Case Study Dubai Municipality | Build In Dubai Digital Channel Enhancements Enhance the Build In Dubai Platform by integrating journey mapping and user experience capabilities to simplify customer journeys, address pain points, and drive continuous improvement in customer experience. “Sword has proven to be a trusted partner, giving us complete confidence that our professional services requirements are in safe and capable hands.” Maitha Nasser, PM Solution Currently, the Build in Dubai Enterprise Platforms are being maintained and managed through separate contracts with multiple partners. This fragmented operating model creates several challenges. With this engagement we target the following benefits: Outcomes Continuous Improvement Framework With a structured mechanism to prioritise and implement enhancements. Reduced Duplication and Complexity Across platforms, processes, and technology solutions. Unified Digital Experience Across enterprise platforms, services, and customer journeys. Integrated Platform Management With clearer ownership, governance, and accountability. End-to-End Customer Journey Visibility Enabling identification of gaps, bottlenecks, and pain points. SME | Professional Services Platform Management Increased efficiency by maintaining and managing the platforms across one partner. Revenue $ Multi- millions Team Size 28 specialists Contract 2 Years 45
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Sword Group Solution Sword partnered with CMA CGM to run application maintenance (TMA) for the Fleet Navigation Center scope, using Sword near-shore capacity and on-shore (Marseille). L2 & L3 Support Back-office assistance, diagnostics and user training. Corrective Maintenance Incident diagnosis and fixes within agreed SLAs. Evolutive Maintenance Enhancements delivered without disrupting live ops. Governed Delivery Steering committee, PAQ quality plan and reversibility. Focus on core business internal IT is freed from daily upkeep to drive strategic, revenue- generating work. Predict & Reduce Operational cost A fixed, agreed budget replaces unpredictable in- house upkeep; near-shore delivery keeps day rates low. Guaranteed service levels committed response and resolution targets by incident priority lift application availability. Scalable capacity & Reversibility for evolutive maintenance, capacity flexes to absorb demand peaks without new hires. transparent reporting and built-in reversibility keep control with the client. Outcomes Case Study CMA CGM: Fleet Center CMA CGM, a world leader in shipping, runs its 595-vessel fleet and 420 ports on the Fleet Navigation Center applications. The priority: reliable corrective and evolutive maintenance with no disruption to live sailing operations. 46 Applications | Managed Services
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Sword Group H1 2026 Figures 47
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Sword Group Track record 48 YEAR 2018 2019 2020 2021 2022 (i) 2023 (iii) 2024 2025 H1 2026 Revenue €M 194.3 213.2 212.5 214.6 265.7 281.6 323.0 357.7 187.7 % Current EBITDA 14.0% 13.4% 13.9% 13.6% 12.5% 12.3% 12.0% 12.0% 12.0% % Organic Growth (ii) +18.3% +20.7% +9.2% +21.5% +26.3% +19.0% +15.9% +12.3% +12.6% Staff at 01/01/xxxx 2,030 2,067 2,337 1,902 2,329 2,723 3,015 3,211 3,610 Staff at 31/12/xxx 2,067 2,337 1,902 2,329 2,723 3,015 3,211 3,610 (v) 3,962 Total recruitment (gross amount) 320 480 360 506 707 775 518 630 352 Disposals FY (iv) Apak (-€30m) France (-€60m) GRC (-€20m) AAA (-€26m) TIPIK (-€26m) Acquisitions FY (iv) DataCo (+€5.5m) AiM (+€18m) Ping (+€12m) AAA (+€4m) IACS (+€2.9m) INCOR (+€6.3m) IDELTA (+€0.75m) BUBBLE GO (+€7.0m) FULL ON NET (+€14.5m) CIRRUS HQ (vi) (+€6.5m) (i) Without GRC - (ii) On a like-for-like basis and at constant exchange rates - (iii) Without AAA - (iv) Company name and annual revenue - (v) FTE: 3,277 - (vi) Consolidated as of May 1st.
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H1 2026 12.0% EBITDA margin €187.7m Consolidated Revenue +12.6% Organic Growth at constant perimeter H1 2026 | Key Figures Sword Group 49
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H1 2026 | Consolidated Breakdown €m H1 2026 (*) Revenue EBITDA Margin Organic Growth (i) BeNeLux | Greece | EU Locations 45.3 10.5% +14.7% Spain 8.7 15.8% N/A Switzerland | Canada | France 61.0 10.4% +7.2% UK | US 61.3 11.3% +15.6% Offshore Global Services Centers | Middle East 11.4 27.5% +17.8% TOTAL 187.7 12.0% +12.6% (i) Organic Growth at constant perimeter. (*) Totals and percentages may not add up precisely due to rounding. 50Sword Group
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51 H1 2026 | PnL (i) €m H1 2026 (*) Revenue 187.7 Current EBITDA 22.6 | 12.0% Current EBIT 18.8 | 10.0% Non Current Costs 4.4 Financial Costs (1.1) Corporate Tax 2.7 Net Profit after corporate tax (i) 12.8 | 6.8% (i) With no impact of amortization of backlog acquisition (*) Totals and percentages may not add up precisely due to rounding. Sword Group
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Sword Group H1 2026 | Net Cash Position (i) 52 Net cash position as of 30 June 2026: €-62.9m Forecast net cash position as of 31 December 2026 €-35.0m (excluding any potential M&A transactions): (i) Net cash position, excluding IFRS 16
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Sword Group H1 2026 | Net Cash Position - Investment in M&A 53 Exceptional costs related to M&A activities: €2.9m Net cost of acquisitions and earn-out payments: €16.5m Cash outflow related to M&A activities: €19.4m
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Sword Group H1 2026 | Net Cash Position - Investment in New Technologies 54 Through acquisitions: Cirrus HQ (i) : €12.2m Through capitalised development expenditure: €2.6m (ii) Through operating expenses: €4.8m (ii) Cash outflow related to investment in new technologies: €19.6m (iii) (i) multi-hybrid cloud (ii) cloud, resilience, AI (iii) €12.2m of Cirrus HQ allocated to both: M&A and R&D
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55 H1 2026 Balance Sheet | Non-Current Assets Increase due to the acquisition of Cirrus HQ €k 31.12.2025 30.06.2026 ASSETS NON-CURRENT ASSETS Goodwill 83,281 96,277 Other intangible assets 19,584 20,228 Property, plant & equipment 4,285 4,051 Assets related to the right of use 11,506 10,854 Financial assets at fair value through other comprehensive income 434 435 Deferred tax assets 372 366 Other assets 6,696 6,767 TOTAL NON-CURRENT ASSETS 126,158 138,978 Sword Group
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56 H1 2026 Balance Sheet | Current Assets €k 31.12.2025 30.06.2026 ASSETS CURRENT ASSETS Trade and other receivables 48,599 35,123 Work in progress 57,960 67,086 Current tax assets 1,421 2,840 Other assets 5,040 6,670 Cash and cash equivalents 59,138 61,888 Prepaid expenses 5,367 11,402 TOTAL CURRENT ASSETS 177,525 185,009 TOTAL ASSETS 303,683 323,987 Sword Group
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57 H1 2026 Balance Sheet | Financial Debt Credit lines vs available cash (€61.9m) €k 31.12.2025 30.06.2026 EQUITY AND LIABILITIES EQUITY Share capital 9,545 9,545 Share premiums 70,676 70,676 Reserves 7,084 8,683 Retained earnings (12,734) (20,374) TOTAL EQUITY - GROUP SHARE 74,571 68,530 Non-controlling interests (minority interests) 1,880 1,818 TOTAL EQUITY 76,451 70,348 NON-CURRENT LIABILITIES Lease obligations 8,430 7,339 Other financial debts 89,527 124,341 Provisions for retirement benefits 293 297 Other provisions 765 1,035 Deferred tax liabilities 3,534 3,193 Other liabilities 34,667 30,637 TOTAL NON-CURRENT LIABILITIES 137,216 166,842 CURRENT LIABILITIES Lease obligations 3,561 3,868 Other financial debts 1,093 509 Other provisions 109 110 Trade and other payables 31,812 36,727 Current tax liabilities 1,817 3,254 Other liabilities 27,222 23,851 Prepaid services 24,402 18,478 TOTAL CURRENT LIABILITIES 90,016 86,797 TOTAL LIABILITIES 227,232 253,639 TOTAL EQUITY AND LIABILITIES 303,683 323,987 Sword Group
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[31/12/2025] Backlog: €704.5m (21.7 months) [30/06/2026] Backlog: €752.4m (23.2 months) Sword Group 58 H1 2026 | Backlog
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H1 2026 Top 10 | Clients Company Location CMA CGM Middle East DG Informatics (DIGIT) BeNeLux | Greece DG Taxation and Customs Union (TAXUD) BeNeLux | Greece European Central Bank BeNeLux | Greece Ithaca Energy UK Scottish and Southern Energy (SSE) UK Telefónica Spain Union Bancaire Privée Switzerland | Canada WADA Switzerland | Canada WIPO Switzerland | Canada The first 10 clients represent 35.4% of the H1 2026 Consolidated Revenue The first client represents 7.3% of the H1 2026 Consolidated Revenue 59 1 23 Sword Group
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Sword Group MEETINGSPUBLICATIONS 31 Financial Calendar 22/10/2026 2026| Q3 Results 25/01/2027 2026 | Q4 Results 10/03/2027 2026 | FY Results 60 11/03/2027 SFAF Meeting | FY 2026 Results in Paris 28/04/2027 Annual Shareholders Meeting | 2026
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Sword Group | 2 rue d’Arlon L-8399 Windhof - Luxembourg SE capital €9,544,965 - B168244 SUIVRE SWORD sword-group.com @SwordGroupSword Group Sword Group