Octave Intelligence Plc · NASDAQ:OCTVV
Octave Intelligence — Q2 2026 Earnings Presentation
40 slides from Octave Intelligence's earnings presentation, Aug 12, 2026
Slide 1: Investor Presentation
Investor Presentation August 12, 2026
Slide 2: Disclaimers: Forward-Looking Statements
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact, including, without limitation, statements regarding our financial guidance, expected revenue, Annualized Recurri
Slide 3: Disclaimers: Non-GAAP Financial Measures
Disclaimers Non-GAAP Financial Measures This presentation contains certain financial measures that are not calculated in accordance with U.S. GAAP, including Adjusted Income from Operations, Adjusted Operating Margin, Free Cash Flow, Free Cash Flow Margin, Constant Currency and Organic Constant Curr
Slide 4: Company Overview
Company Overview 4 octave.com
Slide 5: A Leader in software for the world's mission-critical facilities and infrastructure
A Leader in software for the world’s mission-critical facilities and infrastructure A single platform across the design-build-operate-protect lifecycle Design Build Operate Protect 40% of FY25 Revenue 10% of FY25 Revenue 30% of FY25 Revenue 20% of FY25 Revenue Schematics & 3D Construction Management
Slide 6: We serve customers running mission-critical operations at scale
We serve customers running mission-critical operations at scale The Companies Build That Design And Build The World’s Largest Design Projects The Owners And Operators Who Keep The World’s Most Complex Systems Running The safety systems that Protect protect 1 Billion People NYPD 6
Slide 7: Persistent customer challenge: The cost of an error multiplies at every phase
Persistent customer challenge: The cost of an error multiplies at every phase it goes undetected Cost overruns Design 1x Inaccurate initial designs drive expensive rework in construction, inflating budgets significantly Cost of an Build 5x error at Increased risk each phase A fragmented view of secu
Slide 8: A large and expanding market opportunity with significant tailwinds
A large and expanding market opportunity with significant tailwinds $28B CAGR: 9.3%+ Secular Drivers Underpinning The $40B+ 2025 Serviceable Growth Opportunity 2029 Serviceable Addressable Market Addressable Market Design Build Operate Protect • Power generation growth • Pent-up global • Increasing
Slide 9: An advantage that is difficult to replicate
An advantage that is difficult to replicate OTHER WORKFLOW POINT SOLUTIONS O CTAV E L I F ECYC L E I N T E L L I G E N C E A 3D model that lives and dies in Design The digital twin is born — a living model of one department the asset begins here A separate system. Re-keyed data. Build Construction i
Slide 10: Technology validated by the industry's leading analysts
Technology validated by the industry’s leading analysts 35+ Total industry recognitions secured across the portfolio from top-tier analyst firms, industry associations, and global award bodies. #1 Market Share, “Company to Beat” MarketScape Leader, MarketScape Leader, Green Quadrant Engineering Desi
Slide 11: A strong, diversified starting point for future growth
A strong, diversified starting point for future growth FY’25 Revenue Breakdown by End Customer (% of revenue) ✓ Focus on Mission Critical and Asset Intensive Industries – drives a strong moat, Heavy Process 22% long-standing relationships and an installed Public Safety 13% base for expansion Discret
Slide 12: Octave Platform — Building Out the Stack
2. 12 Octave Platform — Building Out the Stack The foundation that makes Intelligence at Scale possible Octave Experience = Tall. Aunified, Al-native interface. Role-based, context-aware, and ready to deploy. Agentic Workflows Industrial-grade Al that reasons, orchestrates, and acts across systems.
Slide 13: The Octave AI opportunity: Focusing on demonstrable value
The Octave AI opportunity: Focusing on demonstrable value Deep industry expertise and already embedded in the essential customer workflows Foundation: Embedded AI Autonomous AI Data contextualization Turns siloed, unstructured data into trusted context at Integrates AI directly in the products custo
Slide 14: Financial Overview
Financial Overview 14 octave.com
Slide 15: Key Metrics (Full Year 2025)
Key Metrics (Full Year 2025) $1.6B $1.6B $1.1B+ $1.1B+ 66% 66% ~3,200 ~4,500 97% 97% Total Revenue Total Revenue ARR ARR Recurring Recurring Revenue Customers Customersover $25K ARR GRR GRR Mix 60% Global Fortune 60% Global Fortune 500 500 105% 105% ~7,200 ~7200 8% ARR 8% ARR 31% 31% 20% 20% CAGR 20
Slide 16: Q2'26 at a Glance
Q2’26 at a Glance Q2’26 Revenue $1,143M $1.6B $398M $1.1B+ $283M 66% ~4,500 by Geography 97% Total Revenue ARR Recurring Customers APAC GRR ARR Revenue Recurring Revenue 60% Global Fortune 14% 500 7% y/y growth -1% y/y growth 6% y/y growth Americas 47% 3,267 105% 29% ~7200 23% 8% ARR 31% Customers o
Slide 17: Revenue highlights by workflow
Revenue highlights by workflow Recurring Description Revenue type Q2’26 revenue trends Growth Complex 3D modeling, Combination of Strong growth in SaaS engineering analysis, subscription and and sequential digital simulations and license revenue improvement in monthly Design geospatial intelligenc
Slide 18: Q2'26 Customer win highlights
Q2’26 Customer win highlights New Logos Expansion / Cross-Sell European renewable energy producer Global integrated oil & gas supermajor InConcert & Databridge Pro – multi-year SaaS win across Octave Sequence Enterprise – Add on expansion of Sequence bioenergy provider facilities. Operate across ene
Slide 19: Steady growth in ARR and customer count
Steady growth in ARR and customer count Annualized Recurring Revenue (ARR) $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 2022 2023 2024 2025 2026 Q1 2026 Q2 ARR (millions) $882 $952 $1,028 $1,117 $1,134 $1,143 Customers over $25k in ARR 2,850 2,995 3,111 3,223 3,238 3,267 19 Note: ARR is a key busin
Slide 20: Robust financial profile underpinned by increasing subscription mix
Robust financial profile underpinned by increasing subscription mix $1,638 $1,642 $1,627 $1,552 $1,617 In MM$ $1,368 Non- Subscription revenue (licenses and services & other) 67% 69% 58% 59% 62% 66% Subscription Subscription Subscription Subscription Subscription Subscription mix mix Subscription mi
Slide 21: Subscription sales improving; Ongoing shift away from perpetual license
Subscription sales improving; Ongoing shift away from perpetual license Recurring Revenue excluding Shifting business model Revenue from monthly driving decline in perpetual subscription licenses improving monthly subscription licenses >50% of revenues licenses now <10% of sales 20% USD M USD M USD
Slide 22: Steady profitability, with room for growth
Steady profitability, with room for growth Adjusted Income From Operations Adjusted Income from Operations (Annual) (Quarter) M USD M USD 45.0% $700 $200 45% 40.0% $180 40% $600 35.0% $160 35% $500 30.0% $140 30% $120 $400 25.0% 25% $100 20.0% 20% $300 $80 15.0% 15% $60 $200 10.0% $40 10% $100 5.0%
Slide 23: Strong free cash flow generation
Strong free cash flow generation Free Cash Flow (Annual) Free Cash Flow (Quarter) M USD M USD $400 25.0% $120 $350 20.0% $100 $300 $250 $80 15.0% $200 $60 10.0% $150 $40 $100 5.0% $20 $50 $0 0.0% $- 2022 2023 2024 2025 Q1 2025 Q1 2026 Q2 2025 Q2 2026 Free Cash Flow Free Cash Flow Margin 23 Note: Fre
Slide 24: Our largest customers are incredibly sticky
Our largest customers are incredibly sticky GRR by Tier (Churn-Only 2025) 98% 99% 99% GRR on large customers 97% three consecutive years 93% 51% of ARR from $1M+ tier up from 48% in 2022 Below $250K $250K-$500K $500K-$1M $1M+ 24 Note: GRR and ARR are key business metrics. See Appendix for definition
Slide 25: Workflow adoption drives ARR
Workflow adoption drives ARR Workflow adoption drives ARR $2M+ $250K The Opportunity 15x 86% of customers on a single workflow $214K $500K+ $150K+ 3.4x 2022 2023 2024 2025 1 Workflow 2 Workflows 3+ Workflows Average ARR Per Customer 25 Note: ARR is a key business metric. See Appendix for definition.
Slide 26: Drivers of 10%+ ARR growth in the medium-term
Drivers of 10%+ ARR growth in the medium-term ~2/3 ~1/3 of ARR growth of ARR growth expected to expected to come come from existing customers from new customers Strategic M&A Medium- term New customers ARR Growth Cross-sell Net Retention 10%+ Technology and Upsell Vertical expansion channel bolt-ons
Slide 27: Optimized capital structure and capital allocation framework
Optimized capital structure and capital allocation framework $644M $304M $340M Gross debt Cash & equivalents Net debt <1.0x ~$400M ~5% Net Leverage Ratio Undrawn on RCF Annual Debt Financing Cost Key Capital Allocation Priorities Organic growth and Opportunistically Does not expect to pay a funding
Slide 28: Q3 2026 and Full Year 2026 Outlook
Q3 2026 and Full Year 2026 Outlook Q3 2026 Full Year 2026 Annualized Recurring Revenue (ARR) NA $1,185 - $1,205 ARR – growth y/y (organic, constant currency) 6 – 8% Total revenue $400 - 410 $1,635 - $1,665 Total revenue – growth y/y (organic, constant currency) 2 – 4% 0 – 2% Recurring Revenue $285 -
Slide 29: Medium-term growth outlook
Medium-term growth outlook FY’25 FY’26E Medium-Term ARR Growth1 9% 6 - 8% 10%+ Organic Revenue Growth 3% 0 - 2% 6 - 8% Adj. Operating Margin 31% ~30% ~30% Capital Expenditures <1% <1% <1% (% of revenue) Capitalized Software Development Costs 8% 7 - 8% 4% (% of revenue) Free Cash Flow Margin 20% ~20%
Slide 30: Appendix
Appendix 30 octave.com
Slide 31: Definitions: Key Business Metrics
Definitions: Key Business Metrics Recurring Revenue includes monthly subscription licenses, SaaS-based subscriptions and maintenance subscriptions. ARR (“Annualized Recurring Revenue”) is a key business metric we use to evaluate the scale and growth of our business as well as to assist in the evalua
Slide 32: Definitions: Non-GAAP Financial Measures
Definitions: Non-GAAP Financial Measures Adjusted Income from Operations—Income from Operations Adjusted income from operations is defined as Income from operations adjusted for amortization of acquired intangibles; amortization of developed technologies; stock-based compensation expense; impairment
Slide 33: Definitions: Non-GAAP Financial Measures (continued)
Definitions: Non-GAAP Financial Measures (continued) Constant Currency Constant currency is a non-GAAP financial measure that presents our revenue excluding the estimated effects of foreign currency exchange rate fluctuations. A significant amount of our operations is conducted in foreign currencies
Slide 34: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation $ in Thousands 34
Slide 35: Revenue by Geography and Type
Revenue by Geography and Type $ in Thousands 35
Slide 36: Cash flow reconciliation
Cash flow reconciliation $ in Thousands 36
Slide 37: Cash flow reconciliation (continued)
Cash flow reconciliation (continued) $ in Thousands 37
Slide 38: Select Supplemental Non-GAAP Data
Select Supplemental Non-GAAP Data 38 octave.com
Slide 39: GAAP to Non-GAAP Reconciliations: Q2'26
GAAP to Non-GAAP Reconciliations: Q2’26 39
Slide 40: GAAP to Non-GAAP Reconciliations: Q2'25
GAAP to Non-GAAP Reconciliations: Q2’25 40