Maintel Holdings Plc · LSE:MAI
Maintel — H1 2025 Earnings Presentation
25 slides from Maintel's earnings presentation, September 2025
Slide 1: 2025 Interim Results Investor Presentation
2025 Interim Results Investor Presentation September 2025 This image has been generated by Maintel's "Generative Art Tool" visualising real-time data on IT service status, reflecting uptime and performance metrics and powered by the Maintel Application Platform.
Slide 2: Contents
Contents 01. H1 2025 Highlights 02. Our Business 03. Financial Review 04. Strategy and Business Update 05. Outlook 06. Q&A Maintel Holdings plc – 2025 Interim Results Investor Presentation 2
Slide 3: H1 2025 Highlights and Our Business
H1 2025 Highlights and Our Business Dan Davies, CEO Maintel Holdings plc – 2025 Interim Results Investor Presentation 3
Slide 4: Who we are
Who we are 30+ 20+ years 2 430 1800+ years Established in Listed on the 2 UK locations c.430 colleagues Supporting more 1991, a leading London Stock (HQ London) than 1,800 Comms Specialist Exchange AIM customers Managed Service market in 2004 Provider (AIM: MAI) 4 Maintel Holdings plc – 2025 Interim
Slide 5: What we do
What we do We provide customers with consultancy and advisory We are technology agnostic, which enables us services. We design, deploy and manage their network to develop and maintain the best solution for infrastructures, platforms and software each customer _____________________ __________________
Slide 6: Fast facts
Fast facts Delivering across more than Each month our Service Desk resolves 40,000 18,000 to 20,000 customer sites tickets and alerts Over 17,000 >95% customer connectivity/security devices of all incidents are resolved remotely monitored daily Our carrier telephony services Cloud communications Saa
Slide 7: H1 2025 highlights
H1 2025 highlights Group Revenue £46.5m Adj. EBITDA £3.4m Gross profit £14.0m Net Debt £18m H1 2024: £46.6m H1 2024: £4.8m H1 2024: £14.7m 2024: £15.6m 20% growth in project Adj. EBITDA margin was 7.2%, Gross Margin 30.1% Net debt increased 15.4%, revenue, offset by small driven by increased employe
Slide 8: Our business model and strategy
Our business model and strategy Our inputs Our methodology Value creation ▪ Highly skilled specialist cloud and managed communication service provider ▪ Strong R&D capabilities ▪ High growth market verticals and focused propositions ▪ Deep expertise in strategic technology segments ▪ Powerful techno
Slide 9: Why invest? Our investment case
Why invest? Our investment case 1 2 3 4 5 6 7 A highly skilled Focused on Significant Recurring Positioning Deep Strong R&D specialist three high- growth revenue and key expertise, at capability; managed growth opportunities contributes strengths the forefront a dedicated service technology across t
Slide 10: Financial review
Financial review Gab Pirona, CFO Maintel Holdings plc – 2025 Interim Results Investor Presentation 10
Slide 11: Key financials: Revenue and Recurring Revenue
Key financials Revenue Recurring Revenue £46.5m H1 2024: £46.6m -0.2 % 74.3% H1 2024: 78.7 % -4.4pp The total of sales from all The percentage of overall customers and partners in all revenue that is contracted and markets. An indicator of the size recurring. A good indicator 78.7% of Maintel. of vi
Slide 12: Key financials: Gross margin and Adjusted EBITDA
Key financials Gross margin % Adjusted EBITDA 30.1% H1 2024: 31.6 % -1.5 pp £3.4m H1 2024: £4.8m -29.2% Gross margin % as per the Adjusted EBITDA is EBITDA consolidated statement of adjusted for exceptional items comprehensive income less and share based payments. An 31.6% cost of sales. 30.1% indic
Slide 13: Key financials: Adjusted PBT and Adjusted EPS
Key financials Adjusted PBT Adjusted EPS £1.8m H1 2024: £3.2m - 44.0 % 1.2p H1 2024: 11.0p - 89.1% Adjusted for exceptional items, Adjusted for exceptional items, 11.0p amortisation and share based amortisation of acquisition related payment. Measuring the overall £3.2m intangibles and share based f
Slide 14: Profit before tax bridge
Profit before tax bridge 2,000 428 42 1,766 1,500 2,133 1,000 £’000 500 0 -500 -837 -1,000 Profit before tax Intangibles amortisation Exceptional Items Share based remuneration Adjusted Profit before tax Maintel Holdings plc – 2025 Interim Results Investor Presentation 14
Slide 15: Key financials: Net Debt and Operating Cashflow
Key financials Net Debt Operating Cashflow £18.0m H1 2024: £16.6m 15.4% £2.2m H1 2024: £6.6m 79.2% The net position of cash debt Operating cashflow as per the A measure of control over the consolidated statement of Group's liquidity. cashflow. A great indicator of £6.6m £18.0m the cash generated by
Slide 16: Net Debt
Net Debt 20 Free Cash Flow (FCF) -0.8m Financing -0.6m (18.0) 18 (16.6) (16.6) 16 -0.6 -0.4 -1.5 14 -1.6 12 +3.4 -0.7 £m 10 8 6 4 2 0 Net Debt Adj. EBITDA Working Capex Transformation Interest Leases Net Debt 31 Dec 2024 capital & restructuring & Issue costs repayments & 30 June 2025 of debt financi
Slide 17: Strategy, Business Update & Outlook
Strategy, Business Update & Outlook Dan Davies, CEO Maintel Holdings plc - 2025 Interim Results Investor Presentation 17
Slide 18: Focus markets for growth
Focus markets for growth Significant growth opportunity in target market verticals Financial Services Enterprise Retail (FCA Credit (Orgs with >1,000 Public Utilities Institutions) FTE) Healthcare Social Housing (Water & energy) Number of target 1,091 2,800 215 1,600 54 organisations Maintel’s curre
Slide 19: Strategic growth verticals
H1 2025 deals >£20m of new total contract value closed 70% of new sales bookings within the three strategic pillars Strategic technology pillars Total Contract Unified Customer Secure Contract Term Comms & Experience Connectivity Deals Highlights Value (months) Collab Government Large central govern
Slide 20: Strategic transformation progress
Strategic transformation progress Area Objective Achievements in H1 2025 Brand Develop a powerful brand, • 3 awards won in H1 for new brand and the innovative use of data in our brand storytelling. l ete supported by top quartile • Significant inbound opportunities via website generated enquiries be
Slide 21: Demand Generation Update
Demand Generation Update Expanded routes to market Total Pipeline £74.9m + 48.9 % Existing customer base Already Crown Commercial Service frameworks Established e/o Jun 2024: £50.3m Pre-2024 Employee referral Total sales pipeline First Year Value1 (FYV). £74.9m Physical Events £50.3m Digital Marketi
Slide 22: Current trading and FY25 Outlook
Current trading and FY25 Outlook Resilient performance, as projects and pipeline progress build momentum for future growth. • Strengthened Board of Directors and leadership team – appointments of Stephen Beynon as Non-Executive Chair and Sarah Roberts as Chief Operating Officer • Entered H2 with the
Slide 23: Questions?
Questions? Contact Details: Maintel Holdings PLC - Tel: 0344 871 1122 Dan Davies, Chief Executive Officer Gab Pirona, Chief Financial Officer Cavendish (Nomad and Broker) - Tel: 020 7220 0500 Jonny Franklin-Adams / Hamish Waller (Corporate Finance) Sunila de Silva (Corporate Broking) Hudson Sandler
Slide 24: Backup/Appendix
§e§ Maintel Backup/Appendix Solid solutions for a dynamic world
Slide 25: Clarified reporting revenue streams
Clarified reporting revenue streams OLD NAME NEW NAME Division Product Line Division Product Line Revenue Type Technology Project Revenue Non-recurring Following Maintel’s rebrand, and in Managed Services & Project and on-premise response to investor feedback, the Technology Division managed Service