Slide 1: 4C Strategies Interim Report Q1 2025
4C Strategies Interim Report Q1 2025 April 29, 2025 For over 20 years we at 4C Strategies have delivered software and supporting advisory services globally to build resilient organizations and train for the future. STOCKHOLM | LONDON | WASHINGTON D.C. BRISBANE | MALMÖ | ORLANDO | WARMINSTER
Slide 2: Rapidly growing Defence Market
Rapidly growing Defence Market Double European Defence Sales 27 Years of Underspending Budget Sweden 2022 – 2027, Sales (SEKbn) The ERP for Training within the Allied Armed Forces
Slide 3: Impact on 4C?
Impact on 4C? New contract extensions and expansions with the UK Ministry of Defence and the Norwegian Armed Forces Increased focus on core areas with new discussions with several allied defence forces The full impact of the global defence build up is still unfolding
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Slide 5: Resilience: From "Nice to Have" to Business-Critical
Resilience: From "Nice to Have" to Business-Critical
Slide 6: Q1 Results
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Slide 7: Executive summary Q1 2025
4C in numbers Executive summary Q1 2025 91 Net sales 10% EBIT margin 17% Net sales CAGR 2025 Q1 2025 Q1 2020-2025 Q1 Solid start to the year with organic growth of 19% and an EBIT margin of 10% 310 181 Orderbook ARR Key deals signed and new dialogues 2025-03-31 2025 Q1 initiated in the Defence space
Slide 8: Net sales per segment, RTM
Net sales per segment, RTM 400 350 300 250 200 150 100 50 0 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 EMEA APAC North America Global Expert Services Total Net sales Total Software revenue
Slide 9: Segment highlights
Segment highlights
Slide 10: EMEA
EMEA Multi-year defence agreement signed with the Norwegian Armed Forces for Exonaut platform Continued strong collaboration with UK defence customers, including a Transparency Notice from the UK MoD indicating a potential contract value of SEK 295 million over five years Increased activity in the R
Slide 11: APAC
APAC Progress as expected, with key defence deliveries scheduled for later in 2025 Preparations for key delivery event - Talisman Sabre 2025 progressing on track Early-stage Resilience engagements initiated with selected partners and clients
Slide 12: North America
North America Secured a major defence contract for AI-enabled exercise evaluation early in the quarter Closed additional COTS software deals towards the end of the quarter, aligned with strategic focus Resilience segment challenged by decision- making amid political uncertainty, but market interest
Slide 13: Expert Services
Expert Services Strong quarter with improved margins and consistently high delivery performance Order backlog increased, supported by high demand for preparedness and total defence expertise Team strengthened through key hires to meet growing Nordic and international interest
Slide 14: Key Priorities
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Slide 15: CEO focus areas 2025
CEO focus areas 2025 01 02 03 Defence Resilience Operations Strengthen our position as the Expand market share through Improved operations, increased go-to brand for Defence Training well defined product offering and performance and long-term Readiness innovative solutions profitability
Slide 16: Q&A
Q&A
Slide 17: Be Ready, Be Resilient, Foresee.
Be Ready, Be Resilient, Foresee. Upcoming reports: Find us at Interim Report Q2 2025: July 18, 2025 4cstrategies.com