Cy4gate Spa · MIL:CY4
Cy4gate Spa — Q1 2025 Earnings Presentation
15 slides from Cy4gate Spa's earnings presentation, May 15, 2025
Slide 1: Q1 2025 Financial Results
Cy4Gate Q1 2025 Financial Results May 15, 2025
Slide 2: Agenda
AGENDA ➢ Q1 2025 Financial Results ➢ Strategy & Outlook
Slide 3: Speakers
Speakers EMANUELE GALTIERI ARIANNA CICCOLELLA ALESSIA PISONI CEO & General Manager CFO Head of Group FP&A & Investor Relator 3
Slide 4: Q1 2025 Financial Results
bydcontext. selected obj CY GATE Part of ELT Group
Slide 5: Q1 2025 Highlights
Q1 2025 Highlights The results of the first quarter of 2025 confirm the soundness of the CY4Gate Group. It continues on its path of consolidation driven only by organic growth. 2025 As of March 31, 2025 New orders acquired amounts to €32.2 million, + 115% vs Q1 2024. As of May 12, 2025, Total Backlo
Slide 6: Q1 2025 Economic Key Data
Q1 2025 Economic Key Data € mln 2024 - 2025 Growth 2024 - 2025 Revenues¹ +11.0% YoY 14.7 16.3 • Revenues amounted to € 16.3 million, + 11% Q1 2024 Q1 2025 compared to 31 March 2024 (€ 14.7 million), mainly driven by the excellent performance of the 2 +2,644.1% 1.2 EBITDA YoY 0.04 Forensic Intelligen
Slide 7: Q1 2025 Revenues Breakdown
Q1 2025 Revenues Breakdown By business line By geographical area Decision Intelligence Forensic Intelligence Cyber Security Italy Export 23% 23% ~66% ~68% 15% 40% 45% €14.7 mln €16.3 mln ~34% ~32% 32% 36% Q1 2024 Q1 2025 Q1 2024 Q1 2025 Increased sales of licences and services in Forensic The busine
Slide 8: Q1 2025 People Investment
Q1 2025 People Investment Positive Items Negative Items Total 552 557 22 (17) Total personnel increased in the first quarter of 2025 by a total of 5 resources: ▪ +3 resources in engineering ▪ +2 resources in commercial & staff Cy4Gate Entrances Exits Cy4Gate Group Group FY 2024 Q1 2025 8
Slide 9: Q1 2025 Financial Key Data
Q1 2025 Financial Key Data € mln 2024 - 2025 Growth 2024 - 2025 Fixed -2.0% 98.0 96.0 Assets vs Dec. 24 • Fixed Assets decreasing due to lower investments FY 2024 Q1 2025 (mainly intangible assets) Net -12.3% 35.2 30.9 • Net Working Capital reduction due to the positive Working vs Dec. 24 Capital co
Slide 10: Q1 2025 NFP Bridge
Q1 2025 NFP Bridge Positive Items Negative Items Total € mln 5.0 (3.7) (29.6) (30.9) NFP 2024 Operating Cash flow CAPEX NFP Q1 2025 10
Slide 11: Strategy & Outlook
bydcontext. selected obj CY GATE Part of ELT Group
Slide 12: Our growth Strategy: Actions
Our growth Strategy: Actions 2025-2026 ▪ Consolidate our relationships with ELT by working to acquire orders in a thriving business ▪ Take part to international consortia or JVs for pluriannual defence programs Defence ▪ Capture EU funds (NATO, EDA, ESA) for R&D in the cyber also through industrial
Slide 13: Our growth Strategy: Market
Our growth Strategy: Market Cy4Gate Group portfolio – cyber intelligence & cyber security products - perfectly fits with the following 3 fast growing markets, both in Italy and abroad: Products involved ▪ Increasing internal and external security threats and undergoing military network-centric moder
Slide 14: Outlook 2025
Outlook 2025 BACKLOG/RECURRING PIPELINE CONVERSION TOTAL REVENUES Euro ~ 68 M Euro ~ 18 M Euro 84 - 87 M 14
Slide 15: Follow us
Follow us: Headquarter Via Coponia, 8 00131 Rome - Italy Investor Relations Officer Alessia Pisoni investors@cy4gate.com Investor Relations Advisor CDR Communication silvia.dirosa@cdr-communication.it luca.gentili@cdr-communication.it 15