Slide 1: H1 2026 Results - Unlocking the Future
H1 2026 Results 10 September 2026 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. 1
Slide 2: Disclaimer
This document has been prepared by Sys-Dat Group S.p.A. (the “Company” or “Sys-Dat Group”) for information In particular, but without limitation, no representation or warranty, express or implied, is or will be given as to the purpose only, it contains only summary information and, therefore, it is
Slide 3: SYS-DAT: Unlocking the future
SYS-DAT: Unlocking the future 01 Growth & Value creation 02 H1 2026 Execution 03 H1 2026 Financials Highlights 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 prev
Slide 4: Growth & Value creation
01 Growth & Value creation \\ sys-DATGROUP
Slide 5: H1 2026 Delivering High-Quality Profitable Growth
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 +15.7% 19.6% €12.4m Revenue vs H1’25 H1’26 EBITDA Margin H1’26 Oper. Cash Flow +7.4% Organic Rev. Growth 20.3%
Slide 6: Current Performance – H1 2026 vs H1 2025
CURRENT PERFORMANCE – H1 2026 vs H1 2025 A significant growth trajectory, supported by the acquisitions of Technis Blu and et.ics Metric H1 2026 YoY Change Note Revenue € 52.3m +15.7% Organic growth (+7.4%) plus Technis Blu & et.ics EBITDA € 10.2m +23.7% Operating leverage & rigorous cost management
Slide 7: Executing Our "Serial Acquirer" Strategy
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 Integration on track and Ongoing conversations across the Group key milestones achieved with high-priori
Slide 8: H1 2026 Execution
02 H1 2026 Execution \\ sys-DaTGRouP
Slide 9: Italian ICT Market Overview
ITALIAN ICT MARKET OVERVIEW Strong SYS-DAT performance in a growing Italian ICT market Italian ICT market (1) Market demand remains strong All industries growing at pace Italian IT Market (Eu mn) 12,0% 10,0% Healthcare Local PA 8,0% CAGR 25A – 29E Banking 25,8 23,9 6,0% 20,4 22,1 18,8 Travel & Trans
Slide 10: Diversified and Loyal Customer Base
DIVERSIFIED AND LOYAL CUSTOMER BASE Focus on cross and up-selling Revenue by market sector Revenue by customer size 1%0% 1% 4% Manufacturing 18% € > 50m 22% Services 38% 44% Commerce 10m < € < 50m Finance, Insurance and RE 16% Logistics 2m < € < 10m Healthcare 27% Utilities 28% € < 2m Business der
Slide 11: MAKE – Q2 Market Successes
MAKE – Q2 MARKET SUCCESSES Successful case histories from new businesses, cross and up-selling NEW NAME CROSS-SELLING Defense company, leader in underwater technology World's largest legal insurance provider Main SW applications provided: Main cyber-security features provided: i) ERP process
Slide 12: BUY – Integration of New Companies Well in Progress
BUY – INTEGRATION OF NEW COMPANIES WELL IN PROGRESS Companies already benefitting of cross-selling sinergies 05.03.2025 18.02.2026 27.02.2026 Leveraging on Group product Systems & Processes Systems & Processes BUSINESS INTEGRATION portfolio and sales team COMPLETED UNDER COMPLETION c. € 1.2 m multi-
Slide 13: H1 2026 Financial Highlights
03 H1 2026 Financial Highlights 13
Slide 14: Revenue and EBITDA Show Solid Performance
REVENUE AND EBITDA SHOW SOLID PERFORMANCE Driven by strong organic growth and the successful integration of A&C REVENUES EBITDA Total Revenues 45.2 52.3 EBITDA Margin 18.3% 19.6% 3,7 0,3 €/m €/m 48,6 9,9 45,2 8,3 H1 25 H1 26 H1 25 H1 26 Inorganic Revenue Organic Revenue Inorganic EBITDA Organic EBIT
Slide 15: Investing in Innovation to Drive Profitability
INVESTING IN INNOVATION TO DRIVE PROFITABILITY Net Income growth alongside a steady commitment to R&D R&D NET INCOME ADJ. Net Income Adj. R&D on Revenues 3.8% 3.9% Margin 9.7% 9.2% €/m €/m 0,9 1,2 2,1 1,7 3,9 3,2 H1 25 H1 26 H1 25 H1 26 R&D Adjustments Net Income H1’26 vs H1’25 R&D activities grow
Slide 16: Change in Liquidity Breakdown
CHANGE IN LIQUIDITY BREAKDOWN Cash Flow from operations finances investments and financing activities M&A Liquidity 0,5 €/m 6,6 M&A payments 1,2 Dividends Positive component 8,4 Negative component R&D and other capex 2,3 Buy-back 12,4 3,2 1,8 Loans and leasings 0,7 Other components 5,5 48,5 47,0 202
Slide 17: H1'26 NFP Change and Breakdown
H1’26 NFP CHANGE AND BREAKDOWN NFP mainly impacted by future Earn-Out for € 21.6m and leasing payment for €7.5m H1’26 CHANGE IN NFP H1’26 NFP BREAKDOWN €/m €/m Positive component Long Term (>12M) Negative component Short Term (<12M) 0,7 4,5 1,0 0,3 1,2 0,8 0,5 13,5 2,2 R&D & IFRS16 Change in 3,6 Cap
Slide 18: Closing Remarks
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 ACCELERAT
Slide 19: STRICTLY CONFIDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is
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
Slide 20: Annex
Annex 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. 20
Slide 21: Annex – H1 2026 Profit & Loss Statement
Annex – H1 2026 Profit & Loss Statement (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 20,203,16
Slide 22: Annex – H1 2026 Balance Sheet Statement
Annex – H1 2026 Balance Sheet Statement (Euro) 30/06/2026 31/12/2025 (Euro) 30/06/2026 31/12/2025 ASSETS EQUITY AND LIABILITIES Share Capital 1,564,244 1,564,244 Non-current assets Other reserves 61,003,408 54,991,891 Goodwill 24,857,437 21,100,479 Net result 3,942,208 6,924,873 Intangible assets 26
Slide 23: Annex – H1 2026 Cash Flows and Net Financial Position
Annex – H1 2026 Cash Flows and Net Financial Position (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 inventorie