Slide 1: Final Results
Public Final Results For the year ended 31 March 2025
Slide 2: Legal Disclaimer
Public Legal Disclaimer The information contained in these slides and the accompanying oral presentation (together, the “Presentation”) has been prepared by Redcentric plc (the “Company”). The Presentation is subject to updating, completion, revision and amendments without notice and as such it may
Slide 3: New Management Team
Public New Management Team Michelle Senecal de Fonseca, CEO Tony Ratcliffe, CFO Appointed May 2025 after serving as NED for 1 year 25 years technology experience including software, biotech & healthcare services 30+ years strategic and operational experience in the telecommunications and technology
Slide 4: Executive Summary
Public Executive Summary • Redcentric is a well established national player in the UK Managed Services Provider (“MSP”) and Data Centre (“DC”) markets • Following the successful integration of multiple acquisitions, two distinct businesses, at scale, have emerged, which operate in different markets,
Slide 5: FY25 Corporate Highlights
Public FY25 Corporate Highlights 1. PLC transitioned to new management • CEO and CFO appointed in H1 of FY26 2. Strengthened Board composition • Richard McGuire - Non-Executive Chairman • John Radziwill, ND Capital Investments - NED 3. Successful legal formation of separate DC and MSP business units
Slide 6: FY25 Operational Highlights
Public FY25 Operational Highlights Revenue Services • FY25 MSP sales growth was largely driven by increased • Continued progress on the rationalisation and decommissioning VMware licensing sales as a result of being appointed 1 of 7 UK of duplicative infrastructure obtained through prior years Broad
Slide 7: FY25 Financial Highlights
Public FY25 Financial Highlights MSP go-forward business DC (shown as discontinued operations under IFRS5) • Revenue increased 8.3% to £135.1m from £124.8m • DC revenue modestly decreased but adjusted EBITDA increased to £16.6m from £11.0m • Recurring revenue increased to 89.3% from 88.7% • 8 data c
Slide 8: MSP Business Unit: Overview
Public MSP Business Unit: Overview • Delivers managed services based on 3 core towers: Cloud & Cyber Security, Connectivity and Communications • Serves c1,500 customers nationally balanced across mid-market commercial and public sector • Value Drivers of the business: • Ownership of national infrast
Slide 9: MSP Business Unit: Summary Financials
Public MSP Business Unit: Summary Financials FY25 FY24 Increase In £’m In £’m % Revenue 120.7 110.7 Recurring +9.0 (89.3% of total) (88.7% of total) Product 4.9 5.5 -11.2 Services 9.5 8.6 +12.2 Total Revenue 135.1 124.8 +8.3 83.3 78.2 Gross Profit +6.5 (GM of 61.6%) (GM of 62.7%) 18.8 17.4 Adjusted
Slide 10: DC Business Unit: Summary Financials & Transaction Status
Public DC Business Unit: Summary Financials & Transaction Status FY25 FY24 Increase In £’m In £’m % Total Revenue 44.6 47.4 -6.0 Gross Profit 26.2 19.6 +33.4 (GM of 58.7%) (GM of 41.4%) Adjusted EBITDA* 16.6 11.0 +51.8 (37.3%) (23.1%) • Increase in margin largely due to reduced power costs negotiate
Slide 11: Income Statement Summary (MSP)
Public Income Statement Summary (MSP) FY25, in £’m FY24, in £’m Revenue 135.1 124.7 Gross margin 83.3 78.2 Adjusted EBITDA* 18.8 17.4 Depreciation & amortisation (8.3) (10.1) Exceptionals, net (0.9) (0.5) Share based payments (1.2) (1.1) Operating profit 8.4 5.7 Finance costs (4.0) (3.9) Pre-tax pro
Slide 12: Balance Sheet Summary
Public Balance Sheet Summary FY25 FY24 In £’m In £’m Non-current assets 56.9 143.6 • Significant distortion in comparison DC assets for resale 41.8 - as DC assets and liabilities pulled out, and shown for resale Other current assets 34.3 40.9 • Material reduction in ROI assets Current liabilities (3
Slide 13: Net Debt
Public Net Debt FY25 FY24 In £’m In £’m Revolving Credit Facility (38.9) (39.9) Lease liabilities (24.6) (32.0) Asset Financing Facility (4.9) (3.6) Borrowings (68.5) (75.5) Cash 3.0 3.1 Reported net debt (65.5) (72.4) Leases that would have been operating leases under IAS17 23.6 30.3 Adjusted net d
Slide 14: Summary and Outlook
Public Summary and Outlook FY25 was a successful financial year despite management turnover FY26 plan focuses on the core capabilities of the Company: MSP • Significant change in splitting the Group into two business units, DC and MSP • Management is undertaking a market review of current capabiliti