Slide 1: Unlocking the Future: Q1 2026 Results
UNLOCKING THE FUTURE Q1 2026 Results 14 May 2026 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 Q1 2026 Execution 03 Q1 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 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. 4
Slide 5: Q1 2026 Performance Highlights
Q1 2026 PERFORMANCE HIGHLIGHTS A strong start of the year driven by Growth, Profitability and Cash Flow generation 15.9% 19.8% TOTAL REVENUE GROWTH EBITDA MARGIN of which +7.2% 19.9% organic EBITDA adj. organic growth 5.5m OPERATING CASH FLOW achieving 106% EBITDA to op. cash flow conversion STRICTL
Slide 6: Current Performance – Q1 2026
CURRENT PERFORMANCE – Q1 2026 A significant growth trajectory, supported by the acquisitions of Technis Blu and et.ics 31.03.26 vs 31.03.25 • Revenue: € 26.0m + 15.9% • EBITDA: € 5.1m + 25.6% • Net Income(1): € 1.8m + 19.9% • Liquidity(2): € 47.3m - 1.2m • NFP(2): € 14.3m - 3.1m (1) Q1 2025 Net Inco
Slide 7: Executing our "Serial Acquirer" Strategy
EXECUTING OUR “SERIAL ACQUIRER” STRATEGY From successful integrations and ongoing progress to a well-funded pipeline for future growth ➢ A & C GROUP: The company is fully integrated and already realising substantial revenue synergies via targeted cross-selling ➢ ET.ICS & TECHNIS BLU: The integration
Slide 8: Q1 2026 Execution
02 Q1 2026 Execution 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. 8
Slide 9: Make – Market Successes
MAKE – MARKET SUCCESSES Successful case histories from new businesses, cross and up-selling NEW CUSTOMER CROSS-SELLING ➢ Healthcare company, offering comprehensive, high-quality dental care across Italy ➢ Technical and casual apparel company, specialized in outdoor and mountain gears ➢ SW solution p
Slide 10: Buy – A&C Group Fully Integrated
BUY – A&C GROUP FULLY INTEGRATED Successfully advancing the integration of newly acquired companies 05.03.2025 18.02.2026 27.02.2026 BUSINESS INTEGRATION CROSS-SELLING ➢ Information Systems • A&C is fully leveraging our network to drive ➢ Mktg & Communication UNDER COMPLETED cross-selling opportunit
Slide 11: AI Adoption Positively Affecting Sys-Dat Operations
AI ADOPTION POSITIVELY AFFECTING SYS-DAT OPERATIONS Transforming Our Business Model: From Labor-Intensive to AI-Augmented Scope Activity Yesterday Today Tomorrow Gap Analysis / Business Blue Print Unstructured Data I.P. Engine Standard Output Project Development, Internal Bug Fixing and Processes Te
Slide 12: Q1 2026 Financial Highlights
03 Q1 2026 Financial 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 previous written authorization from SYS-DAT S.p.A. 12
Slide 13: 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 EBITDA 22.4 26.0 18.3% 19.8% Revenues Margin 2,0 0,2 €/m €/m 24,0 4,9 22,4 4,1 Q1 25 Q1 26 Q1 25 Q1 26 Inorganic Revenue Organic Revenue Inorganic Revenue Organic EBI
Slide 14: 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. R&D on Net Income Adj. 3.5% 3.8% 10.4% 9.4% Revenues Margin 0,4 0,6 €/m €/m 1,0 1,8 0,8 1,5 Q1 25 Q1 26 Q1 25 Q1 26 R&D Adjustments Net Income ➢ Q1’26 vs Q1’25 R&D activities gro
Slide 15: Change in Liquidity Breakdown
CHANGE IN LIQUIDITY BREAKDOWN Cash Flow from operations finances investments and financing activities M&A Liquidity 0,5 0,3 0,5 Loans and leasing 0,3 €/m M&A payments 5,1 5,4 Positive component 5,1 1,0 5,4 5,5 6,0 Buy-back 1,0 Negative component 1,1 R&D and other capex 0,3 0,3 1,1 0,7 48,5 48,6 48,0
Slide 16: Q1'26 NFP Change and Breakdown
Q1’26 NFP CHANGE AND BREAKDOWN NFP mainly impacted by future Earn-Out for € 23.4m and leasing payment for €7.5m Q1’26 CHANGE IN NFP Q1’26 NFP BREAKDOWN €/m €/m Positive component Long Term (>12M) Negative component Short Term (<12M) 1,1 4,7 1,1 0,3 1,0 0,7 0,7 R&D & IFRS16 1,9 Capex Cash Flow 5,5 fr
Slide 17: Closing Remarks
CLOSING REMARKS Q1 2026 results confirm significant growth and value creation Strong Operating Cash Flow has been mainly invested in M&A opportunities and buy-back Et.ics and Technis Blu acquisitions extend target markets and offering A&C Group fully integrated and benefitting from cross-selling opp
Slide 18: 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. 18
Slide 19: 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. 19
Slide 20: Annex – Q1 2026 Profit & Loss Statement
Annex – Q1 2026 Profit & Loss Statement (Euro) 31/03 2026 2025 Operating Revenues 25,871,269 22,334,890 Other Revenues 129,103 96,308 Total Revenue 26,000,372 22,431,198 Purchasing cost 2,257,587 1,701,419 Changes in inventories 171,931 98,225 Service cost 8,332,861 7,473,599 Personnel 9,887,868 8,8
Slide 21: Annex – Q1 2026 Balance Sheet Statement
Annex – Q1 2026 Balance Sheet Statement (Euro) 31/03/2026 31/12/2025 (Euro) 31/03/2026 31/12/2025 ASSETS EQUITY AND LIABILITIES Share Capital 1,564,244 1,564,244 Non-current assets Other reserves 61,978,582 54,991,891 Goodwill 25,290,953 21,100,479 Net result 1,787,489 6,924,873 Intangible assets 27
Slide 22: Annex – Q1 2026 Cash Flows and Net Financial Position
Annex – Q1 2026 Cash Flows and Net Financial Position (Euro) 31/03 Net Financial Position 31/03/2026 31/12/2025 Var 2026 2025 (€ thousand) Net income 1,787,489 1,278,949 A. Liquid assets 19,253 20,928 -1,675 Taxes 959,259 661,551 B. Cash equivalents 0 0 0 Net interest expense 49,561 -17,513 Deprecia