Doxee S.p.a. · MIL:DOX
Doxee — Non-Deal Roadshow (April 2026)
35 slides from Doxee's roadshow presentation, Apr 14, 2026
Slide 1: Roadshow in Frankfurt
Roadshow in Frankfurt Trusted Digital Communication Platform Paolo Cavicchioli Co-Founder, President, and CEO Frankfurt April 14, 2026
Slide 2: Agenda
Agenda 1. Doxee Company Profile 2. Success Cases 3. Key Financials Roadshow in Frankfurt 4. Growth Strategy Trusted Digital Communication Platform 5. Appendix
Slide 3: 1. Doxee Company Profile
1. Doxee Company Profile doxee
Slide 4: Who we are
Who we are European presence with Doxee is a European sovereign technology leader providing a cloud- 200+ Customers native platform for Customer Communication Management (CCM), Customer Experience Management (CXM), Interactive Experience Management (IXM), and Digital Trust Services for highly-regula
Slide 5: Doxee Timeline
Doxee Timeline Founded in Italy, 1st release of the International Public listing Strategic B Corp delivering digital Doxee Platform® Expansion on Euronext acquisitions certification communication across Europe Growth Milan of LittleSea & services and Latin Infinica GmbH, America and platform evoluti
Slide 6: What we do
What we do Doxee Platform® Customer Data End-Customers Customer Communication Management Adopting a sovereign EU cloud platform enables template Print & consolidation, reduces costs and complexity, eliminates Mail CRM & CX silos, supports scalability, and accelerates ROI through AI- Interactive Data
Slide 7: Market validation
Market validation CCM Market Guide – 2013. 2019, 2021 Tech Tide for Creative Technologies 2021 Tech Tide : Video Technologies 2020 Now Tech CCM, 2019 Now Tech On Line Video Platforms, 2019 SPARK Matrix : Customer Communication Management - 2023, 2024, 2025 Leaderboard for Customer Communications Man
Slide 8: Customers
Customers Banking Insurance Utilities Telecom & Media Public Sector
Slide 9: Partner Ecosystem
Partner Ecosystem U TeamSystem @Namirial Wdocusign scrive. a Lleida.net @ Informatica Nh Adobe zuora Posteitaliane Software Group ENGINEERING _ accenture IBDO Ip. am INFORMATIVL ISirey aws eT @® Google Cloud Microsoft Dynamics 365 doxee
Slide 10: Main KPIs
Main KPIs 2025 Consolidated €31.1M €6.3M €14.3M >72% 98% Financial Figures Revenues EBITDA NFD Annual Avg. Net +17% YoY +113% YoY 2.3 NFD/EBITDA Recurring Retention Rate Revenue European 5 Branches Market +200 +9 Billion Italy, Austria, Germany, Slovakia, Global Enterprise Customers Customer Communi
Slide 11: Distinctive Elements
Distinctive Elements R&D Innovation and Integrated Customer Partnerships Investments Industry Knowledge Value Proposition Loyalty Significant investments in the Over 18 years of experience One platform with a complete Deep integration with the Development of commercial internal development of the an
Slide 12: Organizational Structure
Organizational Structure PRESIDENT Paolo Cavicchioli CEO Paolo Cavicchioli Administration, Finance 5 and Control — Corsets Sonvices Silvia Mantovani Human Resources Simona Sassatelli Revenue Product Operations bere ae Michael Biechele Herbert Lieb! Andrea Rampoldi ‘esearcl Robert Dosen doxee
Slide 13: ESG Commitment - Doxee Hyperion
ESG Commitment - Doxee Hyperion Proven Decarbonization Impact - Measures tangible CO₂ savings from digitalisation of RINA-Verified CO2 Emission Reduction Calculator customer communications Sustainability by Design - Integrates environmental metrics directly within Doxee digital communication workflo
Slide 14: 2. Success Cases
2. Success Cases doxee
Slide 15: Utility & Energy – Engie Success Case
Utility & Energy – Engie Success Case Challenges Doxee Solution Results & Benefits • High customer churn in competitive market • Interactive Digital Billing Experience • 30% detailed Digital Credit engagement • Low digital adoption among older customers • Personalized Customer Engagement Journeys •
Slide 16: Telecom – TIM Success Case
Telecom – TIM Success Case Customer Care Print&Mail Email PEC Digital Archive Billing Legal Archive (Consumer & Business € Doxee Platform® eInvoicing Applications SERC/Q Payment & Collection System Integrators Email BPOs PEC Applications SMS Contracts System Integrators Email BPOs PEC Use cases mana
Slide 17: Banking – Bayern LB Success Case
Banking – Bayern LB Success Case Centralised Omnichannel CCM Platform Delivery No-code one platform for Customer Customer Communication Management (CCM) and Data Customer Experience Management (CXM) AFP JDB C Omnichannel outbound PDF/A SMTP BayernLB communication distribution Customer Core Data Syst
Slide 18: Insurance – AXA MPS Success Case
Insurance – AXA MPS Success Case Data-driven interactive video Gender-driven Avatar Dynamic scene management Conversion through calls-to-action Challenges Doxee Solution Results & Benefits • Encouraging timely policy renewals • Personalised renewal videos with dynamic data • 40,000 personalised vide
Slide 19: Public Sector – INPS Success Case
Public Sector – INPS Success Case Citizen Centralized Omnichannel Data CCM Platform Delivery No-code one platform for Customer Communication Management (CCM) and Customer Experience Management (CXM) Unemployment Beneficiaries New Retirees PRINT Income Reporting Child Allowance Job Training Omnichann
Slide 20: 3. Key Financials
3. Key Financials doxee
Slide 21: FY 2025 Achievements
FY 2025 Achievements a year that deeply demonstrates the effectiveness of the implemented initiatives FY 2025 main achievements thanks to the implementation of the O3 strategy Organizational integration, technology improvement and stronger value proposition SIGNIFICANT REVENUES DIRECT COSTS NET FINA
Slide 22: FY 2025 Results & Overview
FY 2025 Results* & Overview Revenues Gross Margin EBITDA Net Result NFD R&D Investments € 31.1M € 21.3M € 6.3M € 0.4M € 14.3M € 5.0M +17% YoY +33% YoY +113% YoY € -3.7M in 2024 € 19.3M in 2024 € 4.6M in 2024 Highlights • Strong revenue growth both in Italy (+17%) and in the DACH area (+38%) with ARR
Slide 23: Consolidated Revenues Breakdown
Consolidated Title Revenues Breakdown +17% REVENUES GREW (+17%) vs 2024, thanks (€/M) to a strong increase in revenues in the DACH FY 2024 22.5 FY 2025 and CEE regions (+38% YoY) and a good 19.2 revenue growth in Italy (+17% YoY). +19% Subscription revenues increased by 17% compared to 2024, and pro
Slide 24: Financial Highlights
Financial Title Highlights FY 2025 Sales Revenues amounted to PROFIT & LOSS (€/M) FY 2025 FY 2024 FY 2023 €31.1M (+17% vs 2024), thanks to strong growth in both Italy and the DACH area. Sales Revenues 31.1 26.5 25.8 EBITDA positive to € 6.3M (+113% vs 2024) Value of Production 33.9 29.8 29.5 thanks
Slide 25: Cost of services and personnel
Cost of services and personnel Cost of Services Cost of Personnel % of costs % of costs on VoP 51% 48% 42% on VoP 46% 41% 38% 33.9 33.9 29.5 29.8 29.5 29.8 (€/M) (€/M) 14.9 14.2 14.2 13.5 12.8 12.4 3.5 4.0 4.5 10.0 8.4 8.3 FY 2023 FY 2024 FY 2025 FY 2023 FY 2024 FY 2025 VoP Cost of Services VoP Cost
Slide 26: R&D Investments
R&D Investments R&D and Value of Production R&D Costs (€/M) FY 2023 FY 2024 FY 2025 % of R&D Costs in the Profit&Loss 3.6 2.5 5.0 on VoP 23% 15% 15% Capitalizations in the 3.3 2.1 Balance Sheet 33.9 (€/M) 29.5 29.8 Total R&D Costs 6.9 4.6 5.0 Increase in internally generated fixed assets 2.8 1.8 1.9
Slide 27: Cash Flow Statement
Title Cash Flow Statement In 2025, the Company generated strong cash flow from operating activities (€8.0 million) compared with 2024. CASH FLOW STATEMENT (€/M) FY 2025 FY 2024 FY 2023 Then, the Company recorded a Cash flow from operating consistent cash outflow from financing 8.0 2.2 1.6 activities
Slide 28: 4. Growth Strategy
4. Growth Strategy doxee
Slide 29: Market positioning: sizable and high-growth markets
Market positioning | Doxee is positioned in sizable and high-growth markets, sustained by business, ICT and regulatory tailwinds Doxee Core Applications Doxee Key Adjacencies Customer Communication E-Invoicing Digital Archiving Management Solutions to enable production of Solutions for electronic in
Slide 30: Market positioning: >60% of the CCM market in core verticals
Market positioning | >60% of the CCM market in our core regulated verticals, which we serve in only 4 EU countries, leaving significant expansion potential EU CCM market by market vertical, 2025 (B€) EU CCM Market by Country, 2025 (B€) Growth Total Europe 0,5 potential @2030 Rest of Europe Others Ge
Slide 31: Outlook: Structural trends support 2026-2030 growth plan
Outlook | Structural trends support our 2026-2030 growth plan EXOGENOUS — REGULATORY & MACRO FORCES Regulatory Compliance Acceleration EU e-invoicing rollout accelerating (ViDA adopted Mar 2025). European Accessibility Act applicable Jun 2025. DORA in force Jan 2025 (Banking/Insurance). NIS2 (cybers
Slide 32: Consolidate as the European Leader in CCM & CXM market
ACCELERATE GROWTH Our Vision 2030 • Seize untapped value in our core geographies and verticals, focusing on targeted ARR Growth DACH and Italy • Entry into new EU Countries, also through the Partners channel development • Focus on sales & marketing excellence initiatives to elevate our commercial re
Slide 33: 5. Appendix
5. Appendix doxee
Slide 34: Certifications & Patents
Certifications & Patents Doxee ensures GDPR compliance through privacy-by-design Doxee supports EU-wide eInvoicing and eOrdering, operating as a controls, encryption, audit logging, and configurable tools PEPPOL-accredited Access Point and SMP for the compliant supporting data subject rights managem
Slide 35: Thank you
Thank you Paolo Cavicchioli, Co-Founder, President, and CEO pcavicchioli@doxee.com DoxeeVirgilio Viale www.doxee.com Spa 48/B 41123 Modena – Italy Doxee Spa Viale Virgilio 48/B 41123 Modena – Italy www.doxee.com