Slide 1: Interim Results
Public Interim Results For the six months ended 30 September 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: Management team
Public 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 sect
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 • The two distinct businesses, at scale, operate in different markets, requiring different operating models and investment profiles • DC business sep
Slide 5: H1 FY26 corporate highlights
Public H1 FY26 corporate highlights Focus on MSP business unit: PLC transitioned to new senior management: • Following the announcement of sale of DC business unit, clear • CEO & CFO appointed H1 FY26, industry experience and track focus on MSP business record of building / realising shareholder val
Slide 6: H1 FY26 financial highlights
Public H1 FY26 financial highlights MSP business DC (shown as discontinued operations under IFRS5) Focus on higher margin business and quality of earnings: • DC revenue modestly decreased with adjusted EBITDA £8.3m from £9.3m • Revenue modest reduction to £66.8m from £69.2m • Recurring revenue incre
Slide 7: H1 FY26 operational highlights
Public H1 FY26 operational highlights Revenue Services • Marketing Director (H2 FY25) and Chief Revenue Officer • Continued progress on the rationalisation and (H1 FY26) hired to rebuild momentum and increase decommissioning of duplicative infrastructure obtained commercial focus and drive new route
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 - total addressable market
Public MSP - total addressable market Redcentric is well placed for the growth in Managed Services and Cyber Security as one of the few larger UK MSPs maintaining MSR well above the market norms. Managed $198bn $29bn Market Share MSPs SAM & SOM Services Total UK IT Value of the UK Medium & Large M&A
Slide 10: MSP - growth paths
Public MSP - growth paths Two of the highest growth services segments align with the existing capabilities of Redcentric leading to our strategic focus for investment. Cyber Security Public Cloud AI / Automation GenAI Solutions Data Management Solutions Services Software 65% of MSP partners 55% of M
Slide 11: MSP - strategy overview
MSP - strategy overview Public Vision To be the most trusted Managed Services Provider. Delivering agile, available and assured solutions that organisations need to succeed. Our Aspiration Organic revenue growth | Strong operating margin | Cash generation Key themes Geopolitical instability leading
Slide 12: MSP - summary financials
Public MSP - summary financials H1 FY26 – In £’m H1 FY25 – In £’m FY25 – In £’m Revenue 60.4 60.9 120.7 Recurring (90.4% of total) (88.0% of total) (89.3% of total) Product 2.2 2.8 4.9 Services 4.2 5.5 9.5 Total Revenue 66.8 69.2 135.1 41.1 40.9 83.3 Gross Profit (GM of 61.6%) (GM of 59.1%) (GM of 6
Slide 13: Summary and outlook
Public Summary and outlook H1 FY26 was a busy and successful first half • Full review of MSP market opportunity and business leads Board to approve an enhanced MSP growth strategy • Increase in absolute EBITDA and EBITDA margin • Sale of DC business announced – exchange in October, completion expect
Slide 14: Appendix
APPENDIX
Slide 15: Harnessing AI capabilities through RCN partner eco-system
Public Harnessing AI capabilities through RCN partner eco-system Utilising maturing partner capabilities Low CAPEX investment whilst unlocking iterative customer value add Developing capabilities within existing portfolio Evolving the portfolio by strengthening what’s already in place Controlled int
Slide 16: Identifying right fit customer & commercial opportunities for AI
Public Identifying right fit customer & commercial opportunities for AI Standardised • Customer understanding of practical application of AI still emerging. • Legacy technology choices remain significant Clustered Complementary blocker to at-scale adoption across organisations (disparate and fractur
Slide 17: DC - summary financials and transaction status
Public DC - summary financials and transaction status H1 FY26 – In £’m H1 FY25 – In £’m FY25 – In £’m Total Revenue 21.5 22.2 44.6 Gross Profit 13.1 13.5 26.2 (GM of 61.0%) (GM of 60.7%) (GM of 58.7%) Adjusted EBITDA* 8.3 9.3 16.6 (38.6%) (41.8%) (37.3%) * Adjusted EBITDA is earnings before interest
Slide 18: MSP - Income statement summary
Public MSP - Income statement summary H1 FY26 – In £’m H1 FY25 – In £’m FY25 – In £’m Revenue 66.8 69.2 135.1 Gross margin 41.1 40.9 83.3 Expenses to adjusted EBITDA (32.0) (32.0) (64.5) Adjusted EBITDA* 9.1 8.9 18.8 Depreciation & amortisation (4.1) (4.0) (8.3) Exceptionals, net (1.3) (0.7) (0.9) S
Slide 19: Combined Balance sheet summary
Public Combined Balance sheet summary H1 FY26 – In £’m H1 FY25 – In £’m FY25 – In £’m • Significant distortion in comparison with Non-current assets 56.5 138.1 56.9 H1 FY25 as DC assets and liabilities pulled out, and shown as discontinued DC assets for resale 39.9 - 41.8 operation from FY25 Other c
Slide 20: Combined adjusted net debt
Confidential Combined adjusted net debt H1 FY26 – In £’m H1 FY25 – In £’m FY25 – In £’m Post DC sale completion Revolving Credit Facility (facility £60m down from £90m) (41.0) (38.8) (38.9) RCF facility £30m, max drawn £19m Lease liabilities (27.5) (27.9) (24.6) ~£2.2m is MSP Asset Financing Facilit