Epam Systems, Inc. · NYSE:EPAM
Epam Systems — Q1 2025 Earnings Presentation
36 slides from Epam Systems's earnings presentation, May 8, 2025
Slide 1: Investor Presentation
Investor Presentation M AY 2 0 2 5 EPAM P roprietary & Confidential.
Slide 2: Safe Harbor Statement
Safe Harbor Statement These materials contain forward-looking statements. You should not place undue reliance on these statements because they are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, all of which are difficult to predict and ma
Slide 3: Contents
Contents 01 Who We Are 02 The EPAM Story 4 7 03 Our Positioning 11 04 Market Trends 13 05 How We Do It 15 06 Artificial Intelligence 18 07 Corporate Recognition 30 08 Investment Highlights 32 EPAM P roprietary & Confidential. 3
Slide 4: Who We Are
01 Who We Are EPAM P roprietary & Confidential. 4
Slide 5: About EPAM
About EPAM We are consultants, designers, engineers, architects and trainers who enable our clients to be competitive and disruptive in the marketplace through innovative technology solutions, while helping them to successfully navigate through multiple waves of technology and social change. We help
Slide 6: EPAM Fast Facts – Q1 2025
EPAM Fast Facts – Q1 2025 R E VE N UE S GA AP D I LUT ED EP S (Yo Y ) NO N - GA AP D I LUT ED EP S (Yo Y ) 20 24 R E V E NUE S 5 - YE A R R E V EN UE GR O WT H $1.302B $1.28 | -35.0% $2.41 | -2.0% $4.728B CAGR of 16% (2019-2024) E PAM E R S D E S IGN E R S, E NG IN E ER S , C OU NT R I E S & R E GIO
Slide 7: The EPAM Story
02 The EPAM Story EPAM P roprietary & Confidential. 7
Slide 8: Growing, Global Presence in 55+ Countries & Regions
Growing, Global Presence in 55+ Countries & Regions1 Austria Belgium France Germany Ireland Italy Armenia Malta Georgia Netherlands Canada Portugal Kazakhstan Spain Kyrgyzstan China Sweden Uzbekistan Hong Kong SAR United States Switzerland United Kingdom Japan Israel Qatar Mexico Lebanon Saudi Arabi
Slide 9: The EPAM Advantage – 30+ Years of Software & Digital Platform Expertise
The EPAM Advantage – 30+ Years of Software & Digital Platform Expertise As part of EPAM’s response to Success in AI, GenAI & the war in Ukraine, the innovation. Expansion in India, Company announced $100 Europe, Ibero & LATAM EPAM extends its million of humanitarian support markets. Deepened FSI EPA
Slide 10: Who We Serve
Who We Serve We serve a diverse and global list of clients across 11 industries, from 55+ countries. Among our clients are some of the world’s foremost brands across all major industries. We partner with 340+ of the Forbes Global 2000 clients. Across our Top 100 clients, 68 are part of the S&P 500 a
Slide 11: Our Positioning
03 Our Positioning EPAM P roprietary & Confidential. 11
Slide 12: The Enterprise IT Services Market - a $2.1 Trillion+ Total Addressable Market for 2027
The Enterprise IT Services Market - a $2.1 Trillion+ Total Addressable Market for 2027 3 EPAM is positioned in the Consult & Build Services Market Segment (which includes Cloud, Consulting & Security) “BUILD” “MAINTAIN” Consulting Hardware Support $457B $71B Infrastructure Implementation & Managed S
Slide 13: Market Trends
04 Market Trends EPAM P roprietary & Confidential. 13
Slide 14: The Enterprise Landscape is Increasingly More Competitive, Complex and in Need of Change
The Enterprise Landscape is Increasingly More Competitive, Complex and in Need of Change 01 02 03 Market Technology Enterprise • New competitors running on nimble • Generative AI • Adaptiveness technologies • Mobile devices • Agile IT • The customer-centric experience • IoT platforms • Application m
Slide 15: How We Do It
05 How We Do It EPAM P roprietary & Confidential. 15
Slide 16: How We Do It
OUR SERVICES How We Do It We enable our clients’ business transformation by engaging multidisciplinary teams who combine deep business expertise with design thinking, world-class engineering, modern operations practices and leading tools and frameworks for optimizing performance. We are Digital Orch
Slide 17: EPAM Continuum
EPAM Continuum The integrated business, experience and technology consulting service brand of EPAM Systems, applies a Systems Thinking mindset to help solve our clients’ most complex problems, develop their agility to adapt and empower them to compete. We believe the right solutions are the ones tha
Slide 18: Artificial Intelligence
06 Artificial Intelligence EPAM P roprietary & Confidential. 18
Slide 19: EPAM demonstrates best-in-class platform engineering capabilities and cloud-native services and above-par AI and data
ARTI FICI AL IN T EL LI GE NCE “EPAM demonstrates best-in-class platform engineering capabilities and cloud-native services and above-par AI and data governance. Its vertical industry knowledge is also superior in the market, thanks to tailored AI analytics accelerators focused on industries such as
Slide 20: Continued strong focus on GenAI
ARTI FICI AL IN T EL LI GE NCE “Continued strong focus on GenAI: GenAI is central to EPAM’s custom software development process, with its delivery, engineering, testing, and DevOps teams assessing performance and integration with existing tools. Its R&D team refines use cases and develops proprietar
Slide 21: EPAM has taken a bold stance by acknowledging the disruptive impact of AI, particularly
ARTI FICI AL IN T EL LI GE NCE “EPAM has taken a bold stance by acknowledging the disruptive impact of AI, particularly GenAI, on the testing and development services market. It believes that future testing services will heavily rely on AI accelerators, enabling greater utilization of less senior pr
Slide 22: EPAM Is Making GenAI Real
ARTI FICI AL IN T EL LI GE NCE EPAM Is Making GenAI Real EPAM’s world-class GenAI platforms and methodologies help our clients accelerate the software development lifecycle with improved speed and productivity at scale. EPAM DIAL EPAM AI/RUN EPAM EliteA A Unified Generative AI Orchestration Platform
Slide 23: Strategic Collaboration Agreement with AWS Expanded to Focus on GenAI
Strategic Collaboration Agreement with AWS Expanded to Focus on GenAI EPAM has expanded its Strategic Collaboration Agreement (SCA) with Amazon “The ongoing collaboration Web Services (AWS), initially launched in 2023. This sees both sides commit between EPAM and AWS enabled Cox Automotive to delive
Slide 24: Strategic Partnership with Google Cloud
Strategic Partnership with Google Cloud On January 15, 2025, EPAM announced that it has expanded its strategic “EPAM has helped global partnership with Google Cloud to deliver innovative industry solutions for enterprises improve everyday operations with Google Cloud’s clients across the media and e
Slide 25: International Monetary Fund
FI NANCIAL S ERVICES International Monetary Fund A multilateral organization that works to achieve sustainable growth and prosperity for all of its 191 member countries With the support of the International Monetary Fund, EPAM released the StatGPT v2.0 GenAI powered platform for evaluating and testi
Slide 26: Canadian Tire Corporation (CTC)
RETAIL & CONSUM ER Canadian Tire Corporation (CTC) A Canadian retail company EPAM is actively collaborating with CTC. Working closely with CTC’s Product Engineering Centre of Excellence and leveraging EPAM’s Engineering Excellence (EngX ) solutions, plus the power of Generative AI (GenAI) through ou
Slide 27: Baker Hughes
ENERGY Baker Hughes A global energy technology company Baker Hughes, a global energy technology company, partnered with EPAM to develop Leucipa , a cloud-based AI application to automate field production and manage oil and gas assets. Initially facing development challenges, EPAM was brought in to r
Slide 28: Reckitt
CPG & RETAIL Reckitt A global CPG leader in hygiene, nutrition & healthcare Reckitt partnered with EPAM to establish a Responsible AI governance process to ensure the safe and controlled use of AI/ML technologies across the business. With 50+ existing AI/ML-powered solutions in need of manual oversi
Slide 29: Altera Digital Health
L IFE SCIE N CES & HEAL TH CAR E Altera Digital Health A global healthcare IT leader Altera Digital Health, owner of 200+ healthcare companies, wanted to leverage the power of Generative AI to increase efficiency and optimize costs by building custom assistants, simplifying daily tasks and developin
Slide 30: Corporate Recognition
07 Corporate Recognition EPAM P roprietary & Confidential. 30
Slide 31: Industry Leading Recognitions
AWARD S & RE COGN ITI ONS Industry Leading Recognitions Ranked the Top 100 Best Places to Listed Among the Top 25 World’s Named a Top 100 Most Loved Named an Inc. Power Partner Work (2023 - 2025) Largest Agency Companies by Ad Age Workplace by Newsweek (2023) (2020 - 2023) (2021 - 2024) Ranked in th
Slide 32: Investment Highlights
08 Investment Highlights EPAM P roprietary & Confidential. 32
Slide 33: Financial Performance over the past 5 years
Financial Performance over the past 5 years Revenues ($B) Non-GAAP Operating Margins4 Non-GAAP Diluted EPS5 $5.0 19% $11.0 CAGR 5-Year – 16% CAGR $4.0 18% $9.0 5-Year – 15% 17% $3.0 $7.0 16% $2.0 $5.0 15% $1.0 14% $3.0 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2
Slide 34: Investment Highlights
Investment Highlights 01 02 03 04 Market Revenue Profitability Cash Flow Positioning & Balance Sheet • Well positioned in a large $700B+ • Strong 5-Year revenue CAGR of 16% • Committed to profitable growth and • $453M of cash flow from market solid operating margins over the operations for the last
Slide 35: Thank you!
Thank you! EPAM P roprietary & Confidential. 35
Slide 36: Footnotes
Footnotes 1. As of March 31, 2025 2. Forrester Wave : Digital Platform Engineering Services, Q2 2016 3. Gartner Market Opportunity Map: IT Services, Worldwide. March 2024 - ID G00806430 4. Non-GAAP Operating Margin excludes stock-based compensation expenses, acquisition-related costs including amort