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1 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. H1 2026 Results 10 September 2026 UNLOCKING THE FUTURE
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This document has been prepared by Sys-Dat Group S.p.A. (the “Company” or “Sys-Dat Group”) for information purpose only, it contains only summary information and, therefore, it is preliminary in nature. Furthermore, it has been drafted without claiming to be exhaustive. By attending this presentation (“Presentation”) or otherwise viewing this Presentation, or having access to the corresponding information, you are agreeing to be bound by the following. This Presentation and the information set out herein (“Information”) are strictly confidential and, as such, has not been prepared with a view to public disclosure and, except with the prior written consent of the Company, it cannot be used by the recipient for any purpose nor can it be disclosed, copied, recorded, transmitted, further distributed to any other person or published, in whole or in part, by any medium or in any form for any purpose. This Presentation may contain financial information and/or operating data and/or market information regarding business and assets of the Company. Certain financial information may not have been audited, reviewed or verified by any independent accounting firm. Therefore, the recipient undertakes vis-à-vis the Company (i) to keep secret any information of whatever nature relating to the Company including, without limitation, the fact that the information has been provided, (ii) not to disclose any Information to anyone, (iii) not to make or allow any public announcements or communications concerning the Information and (iv) to use reasonable endeavors to ensure that Information are protected against unauthorized access. The content of this document has a merely informative and provisional nature and is not to be construed as providing investment advice. This document does not constitute a prospectus, offering circular or offering memorandum. THIS PRESENTATION AND ANY RELATED ORAL DISCUSSION DO NOT CONSTITUTE AN OFFER TO THE PUBLIC OR AN INVITATION TO SUBSCRIBE FOR, PURCHASE OR OTHERWISE ACQUIRE ANY FINANCIAL PRODUCTS, AS DEFINED UNDER ARTICLE 1, PARAGRAPH 1, LETTER (T) OF LEGISLATIVE DECREE NO. 58 OF 24 FEBRUARY 1998, AS AMENDED. Therefore, this document is not an advertisement and in no way constitutes a proposal to execute a contract, an offer or solicitation to purchase, subscribe or sell for any securities and neither it or any part of it shall form the basis of or be relied upon in connection with any contract or commitment or investments decision whatsoever. The Company has not prepared any prospectus for the purpose of the initial public offering of its securities. Any decision to purchase, subscribe or sell for securities will have to be made independently of this Presentation. Therefore, nothing in this Presentation shall create any binding obligation or liability on the Company and its affiliates and any of their advisors or representatives. Likewise, this Presentation is not for distribution in, nor does it constitute an offer of securities for sale in the United States of America, Canada, Australia, Japan, South Africa or any jurisdiction where such distribution is unlawful, (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”). Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any US person. Any failure to comply with this restriction may constitute a violation of United States securities laws. No representation or warranty, express or implied, is or will be given by the Company as to the accuracy, completeness or fairness of any Information provided and, so far as is permitted by law and except in the case of fraud by the party concerned, no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for errors, omissions or misstatements, negligent or otherwise, relating thereto. STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. In particular, but without limitation, no representation or warranty, express or implied, is or will be given as to the achievement or reasonableness of, and no reliance may be placed for any purpose on the accuracy or completeness of, any estimates, targets, projections or forecasts and nothing in these materials should be relied upon as a promise or representation as to the future. The information and opinions contained in this document are provided as at the date hereof and are subject to change without notice. The recipient will be solely responsible for conducting its own assessment of the Information set out in the Presentation. Neither the Company, nor any of their advisors or representatives shall be obliged to furnish or to update any information or to notify or to correct any inaccuracies in any information. Neither the Company, nor any of their advisors or representatives shall have any liability to the recipient or to any of its representatives as a result of the use of or reliance upon the information contained in this document. Certain Information may contain forward-looking statements which involve risks and uncertainties and are subject to change. In some cases, these forward-looking statements can be identified by the use of words such as “believe”, “anticipate”, “estimate”, “target”, “potential”, “expect”, “intend”, “predict”, “project”, “could”, “should”, “may”, “will”, “plan”, “aim”, “seek” and similar expressions. The forecasts and forward-looking statements included in this document are necessarily based upon a number of assumptions and estimates that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies as well as assumptions with respect to future business decisions that are subject to change. By their nature, forward-looking statements involve known and unknown risks and uncertainties, because they relate to events, and depend on circumstances, that may or may not occur in the future. Furthermore, actual results may differ materially from those contained in any forward-looking statement due to a number of significant risks and future events which are outside of the Company’s control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved on the market. These forward-looking statements speak only as at the date of this Presentation. The Company cautions you that forward looking-statements are not guarantees of future performance and that its actual financial position, business strategy, plans and objectives of management for future operations may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation. In addition, even if the Company’s financial position, business strategy, plans and objectives of management for future operations are consistent with the forward-looking statements contained in this Presentation, those results or developments may not be indicative of results or developments in future periods. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The distribution of this Presentation and any related document in other jurisdictions than Italy may be restricted by law and persons into whose possession this document or any related presentation comes should inform themselves about, and observe, any such restriction. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. 2
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01 Growth & Value creation 02 H1 2026 Execution 03 H1 2026 Financials Highlights SYS-DAT: Unlocking the future STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 3
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01 Growth & Value creation 4
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STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 5 H1 2026 DELIVERING HIGH-QUALITY PROFITABLE GROWTH Robust double-digit top-line expansion, resilient organic margins and strong cash conversion TOP-LINE GROWTH VALUE CREATION CASH GENERATION +7.4% Organic Rev. Growth confirming business and market strength 19.6% H1’26 EBITDA Margin 20.3% Organic EBITDA Margin through pricing and operations discipline 121% EBITDA-to-Cash Self-funding R&D, M&A and buyback €12.4m H1’26 Oper. Cash Flow +15.7% Revenue vs H1’25
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STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. CURRENT PERFORMANCE – H1 2026 vs H1 2025 A significant growth trajectory, supported by the acquisitions of Technis Blu and et.ics 6 (1) 30.06.26 vs 31.12.25 Metric Revenue EBITDA Net Income Liquidity(1) NFP(1) H1 2026 YoY Change € 52.3m € 10.2m € 16.4m +15.7% +23.7% - 1.0 m € 3.9m € 47.0m +22.6% - 1.5m Organic growth (+7.4%) plus Technis Blu & et.ics Note Operating leverage & rigorous cost management Enhanced profitability and financial efficiency € 10.5m liquidity into M&A, buy-back and dividends Strong net cash preserving substantial 'dry powder'
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STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 7 EXECUTING OUR “SERIAL ACQUIRER” STRATEGY Driving value from integration excellence and to a well-capitalized M&A pipeline A&C Group Et.ics & Technis Blu M&A Opportunities Unlocking full synergies across the Group Accelerating cross-selling revenue streams Integration on track and key milestones achieved Secured early wins from joint go-to-market actions Ongoing conversations with high-priority Targets Robust internally sourced pipeline
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02 H1 2026 Execution 8
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9 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. ITALIAN ICT MARKET OVERVIEW Strong SYS-DAT performance in a growing Italian ICT market Italian IT Market (Eu mn) 9,9 10,2 10,7 11,0 11,4 18,8 20,4 22,1 23,9 25,8 2025A 2026E 2027E 2028E 2029E Software and ICT Solutions ICT Services 2025 Size of IT markets in Eu mn CAGR 25A – 29E Banking Industrial Local PA Healthcare Retail Travel & Transportation Services Market demand remains strong All industries growing at pace Italian ICT market (1) (1) Sources: "Il digitale in Italia 2026“ Anitec-Assinform in collaboration with NetConsulting, June 2026 SYS-DAT experience: - Customers open to invest in both long and short-term projects - Stable lead time for customer acquisition 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 0 2.000 4.000 6.000 8.000 10.000 12.000 14.000
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10 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. DIVERSIFIED AND LOYAL CUSTOMER BASE Focus on cross and up-selling Business derisking thanks to high level of market sectors diversification Revenue by market sector Revenue concentration by customers Top 10 clients account for 12% of revenue Top 10 clients Top 30 clients Others Customer size breakdown in line with Italian market distribution Revenue by customer size Recurring and Repeatable Revenues Increased diversification of customer revenue concentration Recurring and Repeatable Revenues equal to 80% of Revenues 44% 27% 22% 4% 1%1%0% Manufacturing Services Commerce Finance, Insurance and RE Logistics Healthcare Utilities 38% 28% 16% 18% € > 50m 10m < € < 50m 2m < € < 10m € < 2m 21% 79% (*) Repeatable: customers with aging >= 5 years 42% 38% 20% Recurring Repeatable (*) New Business
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11 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. MAKE – Q2 MARKET SUCCESSES Successful case histories from new businesses, cross and up-selling NEW NAME Defense company, leader in underwater technology Main SW applications provided: i) ERP process management ii) Order management iii) Treasury management system UP-SELLING Fashion company specializing in the sale of comfortable and insulated clothing Main AI ariIA applications: i) AI algorithm analyzing trends based on historical sales data ii) AI cross-referencing data from multiple sources iii) AI clients scoring based on historical performance Retail channel for fashion brands Main Retail Fashion SW applications: i) Accounting and tax ii) Shops management iii) BI add-on CROSS-SELLING World's largest legal insurance provider Main cyber-security features provided: i) XDR cyber-security ii) NIS2 Compliancy iii) DORA Regulation compliancy NEW NAME
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12 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. BUY – INTEGRATION OF NEW COMPANIES WELL IN PROGRESS Companies already benefitting of cross-selling sinergies BUSINESS INTEGRATION 18.02.2026 27.02.2026 Systems & Processes COMPLETED Systems & Processes UNDER COMPLETION Cybersecurity contract with a water- treatment engineering company JOINT COMMERCIAL SUCCESSES 05.03.2025 Leveraging on Group product portfolio and sales team c. € 1.2 m multi-year contract with a leading European law firm multi-year contract with an European tech-wear company ERP services conrtact with a renewable energy plant constructor
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03 H1 2026 Financial Highlights 13
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14 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. REVENUE AND EBITDA SHOW SOLID PERFORMANCE Driven by strong organic growth and the successful integration of A&C €/m H1’26 vs H1’25 Revenue growth: +15.7% H1’26 vs H1’25 Organic Revenue: +7.4% €/m EBITDA H1’26 vs H1’25 EBITDA growth: +23.7% H1’26 Organic EBITDA margin: 20.3%, signals positive A&C integration 45.2 52.3 EBITDA MarginTotal Revenues REVENUES 45,2 48,6 3,7 H1 25 H1 26 Inorganic Revenue Organic Revenue 8,3 9,9 0,3 H1 25 H1 26 Inorganic EBITDA Organic EBITDA 18.3% 19.6%
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15 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. INVESTING IN INNOVATION TO DRIVE PROFITABILITY Net Income growth alongside a steady commitment to R&D R&D NET INCOME ADJ. H1’26 vs H1’25 R&D activities growth of +20.1% Development of AI MosAIc Project H1’26 vs H1’25 Net Income growth of +22.6% H1’26 Net Income Adj. of 9.2% of Revenue €/m €/m 3.8% 3.9% Net Income Adj. MarginR&D on Revenues 9.7% 9.2% 1,7 2,1 H1 25 H1 26 R&D 3,2 3,9 1,2 0,9 H1 25 H1 26 Adjustments Net Income
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16 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. CHANGE IN LIQUIDITY BREAKDOWN Cash Flow from operations finances investments and financing activities 2025 Liquidity C.F. from Financing ActivitiesC. F. from Operations C.F. from Investment Activities H1 2026 Liquidity M&A Liquidity M&A payments R&D and other capex Dividends Loans and leasings Other components Negative component Positive component €/m Buy-back2,3 6,6 0,5 48,5 12,4 8,4 5,5 47,0 0,7 1,8 3,2 1,2
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17 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. H1’26 NFP CHANGE AND BREAKDOWN NFP mainly impacted by future Earn-Out for € 21.6m and leasing payment for €7.5m H1’26 NFP H1’26 Liquidity Earn-Out Bank loans IFRS 16 Cars IFRS 16 Offices other Short Term (<12M) Long Term (>12M) H1’26 CHANGE IN NFP 2025 NFP H1’26 NFP H1’26 NFP BREAKDOWN Negative component Positive component €/m €/m 16,4 8,1 0,5 0,8 1,0 0,7 47,0 13,5 0,3 1,2 4,5 Change in NWC M&A R&D & IFRS16 Capex Buy-back EBITDA Dividends 17,4 10,2 1,2 16,4 2,2 3,2 5,4 3,6
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STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. CLOSING REMARKS ROBUST TOP-LINE & MARGIN EXPANSION Double-digit revenue growth (+15.7%) driven by organic resilience (+7.4%) and profitability expansion (+22.6% Net Income) DISCIPLINED & STRONG CASH GENERATION € 12.4m operating cash flow reliably self-funding growth and shareholder returns ACCELERATING INTEGRATION & SYNERGIES Successful integration of A&C Group, et.ics & Technis Blu driving expanded market offerings and cross-selling SUBSTANTIAL FINANCIAL FIREPOWER Significant liquidity (€ 47m) to accelerate value-accretive M&A opportunities 18
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STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 19
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STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. Annex 20
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Annex – H1 2026 Profit & Loss Statement 21 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. (Euro) 30/06 2026 2025 Operating Revenues 51,764,213 44,990,592 Other Revenues 525,293 216,680 Total Revenue 52,289,506 45,207,272 Purchasing cost 4,565,701 3,466,599 Changes in inventories 121,764 311,048 Service cost 16,702,655 14,985,413 Personnel 20,203,161 17,591,271 Other operating cost 468,773 584,467 Total operating cost 42,062,053 36,938,798 EBITDA 10,227,453 8,268,473 Amortisations and depreciations 3,765,546 3,351,664 Provisions and write-downs 515,422 389,073 EBIT 5,946,485 4,527,736 Income (expenses) from equity investments 0 5,507 Other financial income (expenses) 439,590 513,998 Value adjustments to financial assets and liabilities -237,201 -145,435 Income before taxes 6,148,873 4,901,806 Income taxes 2,206,665 1,687,232 Net Income 3,942,208 3,214,574 Profit or loss attributable to non-controlling interests 0 -1,929 Net Income parent Company 3,942,208 3,216,503
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Annex – H1 2026 Balance Sheet Statement 22 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. (Euro) 30/06/2026 31/12/2025 ASSETS Non-current assets Goodwill 24,857,437 21,100,479 Intangible assets 26,923,288 23,724,450 RoU assets 7,460,504 7,003,398 Tangible assets 1,604,859 1,646,693 Equity investments and other non-current assets 428,995 381,809 Deferred tax assets 1,016,259 1,120,392 Total non-current assets 62,291,342 54,977,222 Current assets Inventories 800,380 894,309 Trade receivables 31,268,954 23,726,975 Activities for work in progress on order 1,170,276 1,055,347 Other receivables and current assets 7,135,141 3,618,150 Current financial assets 26,539,281 27,636,676 Cash and cash equivalent 20,489,919 20,928,317 Total current assets 87,403,951 77,859,774 TOTAL ASSETS 149,695,293 132,836,996 (Euro) 30/06/2026 31/12/2025 EQUITY AND LIABILITIES Share Capital 1,564,244 1,564,244 Other reserves 61,003,408 54,991,891 Net result 3,942,208 6,924,873 Reserve for Buyback -4,244,777 -1,079,534 Third parties shareholders' equity 0 175,445 Total group equity 62,265,084 62,576,920 Non-current liabilities Non-current financial liabilities 19,417,814 21,980,525 Deferred taxes liabilities 6,004,177 5,392,140 Employee benefits 9,293,822 9,209,698 Provisions 395,034 276,808 Total non-current liabilities 35,110,848 36,859,171 Current liabilities Current financial liabilities 11,051,929 9,077,943 Trade payables 12,705,928 7,910,878 Advance payments on work in progress 1,173,299 986,834 Current tax debts 4,593,429 2,727,276 Other current debts and liabilities 22,794,777 12,697,974 Total current liabilities 52,319,361 33,400,905 TOTAL LIABILITIES AND EQUITY 149,695,293 132,836,996
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Annex – H1 2026 Cash Flows and Net Financial Position 23 STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. Net Financial Position 30/06/2026 31/12/2025 Variation (€ thousand) A. Liquid assets 20,490 20,928 -438 B. Cash equivalents 0 0 0 C. Tradeable securities 26,539 27,637 -1,097 D. Liquidity (A) + (B) + (C) 47,029 48,565 -1,536 E. Current financial debt 761 129 632 F. Current portion of non-current debt 10,407 9,078 1,329 G. Current financial indebtedness (E) + (F) 11,168 9,207 1,961 H. Net current financial debt (D) - (G) 35,862 39,358 -3,497 I. Non-current financial debt 129 279 -149 J. Bonds issued 0 0 0 K. Other non-current financial debt 19,288 21,702 -2,413 L. Non-current financial debt (I) + (J) + (K) 19,418 21,981 -2,563 M. Net Financial Position (H) - (L) 16,444 17,378 -934 (Euro) 30/06 2026 2025 Net income 3,942,208 3,214,574 Taxes 2,272,052 1,687,231 Net interest expense 95,077 66,944 Depreciation 3,761,527 3,351,664 Other variations -206,931 199,631 Funding from operations 9,768,855 8,453,099 Change in inventories 965,044 883,822 Changes in WIP net of prepayments -720,934 -501,091 Change in trade receivables -3,132,865 -1,834,079 Change in trade payables -536,977 -2,279,872 Change in other assets and liabilities (except to tax assets and liabilities) 6,249,483 6,598,835 Change in tax assets and liabilities 810,366 905,686 Taxes paid -1,038,986 -716,982 Operating cash flow 12,363,986 11,509,420 Investments in intangible assets -2,084,763 -2,026,472 Investments in tangible assets -211,743 -527,205 Interest received 48,178 101,771 Change in financial assets 1,734,321 -2,388,914 Investment activities Cash Flow -514,007 -4,840,820 Change in financial debts -861,576 275,985 Repayment of loans -953,828 -1,335,217 Buyback -3,170,182 0 Dividends paid -1,237,376 -1,251,395 Interest paid 31,597 -36,513 Financial activities cash flow -6,191,365 -2,347,140 Liquidity acquired (transferred) from changes in the consolidation area -6,097,012 -2,266,189 Total cash flow (net of changes in consolidation area) -438,397 2,055,270 Cash and cash equivalent at the beginning of the period 20,928,317 24,680,166 Total cash flow -438,397 2,055,270 Cash and cash equivalent at the end of the period 20,489,920 26,735,436