Cy4gate Spa · MIL:CY4
Cy4gate Spa — Northern MidCap Event 2025
27 slides from Cy4gate Spa's conference presentation, May 21, 2025
Slide 1: Cy4Gate Northern MidCap Event 2025
Cy4Gate Northern MidCap Event 2025 May 21, 2025
Slide 2: Agenda
AGENDA ➢ Cy4Gate at a Glance ➢ Addressable Markets ➢ Strategy & Outlook ➢ Q1 2025 Financial Results ➢ Sustainability
Slide 3: Speakers
Speakers EMANUELE GALTIERI ALESSIA PISONI Head of Group FP&A CEO & General Manager & Investor Relator 3
Slide 4: Cy4Gate at a Glance
bydcontext. selected obj CY GATE Part of ELT Group
Slide 5: Cy4Gate at a Glance
Cy4Gate at a Glance 360° CYBER VENDOR HUGE TARGET ADDRESSABLE MARKET Robust technology engine with proprietary Governments – Big Corporation & SME in the solutions cyberintelligence and cybersecurity markets UNIQUE POSITIONING TALENT AND PEOPLE “AT THE CORE” Unique positioning in the cyber space wit
Slide 6: +10 Years of Growth
+10 Years of Growth - Closing for the acquisition of 77.8% of - Signed contract with ELT Group for €6.5m - Strategic partnership between Cy4Gate and CDP Venture Capital SGR - Closing for the acquisition of another 15.33% of Diateam - New contracts for €10m in the Decision Growth and Intelligence fie
Slide 7: Group & Shareholders
Group & Shareholders GROUP SHAREHOLDERS Elettronica S.p.A. 38.25% 38.38% TEC Cyber S.p.A First SICAF S.p.A. Treasury Shares Market 100% 70.66% 77.8% 1.91% 5.30% 16.16% 7
Slide 8: Team
Team Board of Directors Top Management Domitilla Benigni Emanuele Galtieri Chairman CEO & General Manager Domitilla Benigni Emanuele Galtieri Arianna Ciccolella Roberto Ferraresi Maria Giovanna Calloni Member Independent Member CHAIRMAN CEO & General CFO Manager Cinzia Parolini Alessandro Chimenton
Slide 9: Addressable Markets
bydcontext. selected obj CY GATE Part of ELT Group
Slide 10: Portfolio overview
Portfolio overview CYBER INTELLIGENCE CYBER SECURITY Cyber Intelligence products and services collect and analyze information available online Cyber security solutions and services protect clients’ information systems, enabling the and generated through the use of digital and electronic devices dete
Slide 11: Cyber Intelligence
Cyber Intelligence Cyber Intelligence solutions collect and analyze information Global opensource intelligence (Osint) market available online and generate added value insight thanks to AI € bln 16.5 QUIPO is complete intelligence platform, based +20% on AI technology, able to mix and match: several
Slide 12: Cyber Security
Cyber Security Cyber security solutions protect clients’ information systems, enabling Global Cybersecurity Products1 Market the detection of anomalies and generating response actions € bln 12.8 +9% 10.7 9.0 6.9 7.5 6.3 Cybersecurity Real time analytics (RTA) is a security information and Products e
Slide 13: Strategy & Outlook
bydcontext. selected obj CY GATE Part of ELT Group
Slide 14: 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 15: 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 16: Outlook 2025
Outlook 2025 BACKLOG/RECURRING PIPELINE CONVERSION TOTAL REVENUES Euro ~ 68 M Euro ~ 18 M Euro 84 - 87 M 16
Slide 17: Q1 2025 Financial Results
bydcontext. selected obj CY GATE Part of ELT Group
Slide 18: 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 19: 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 20: 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 21: 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 21
Slide 22: 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 23: 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 23
Slide 24: Sustainability
Sustainability GATE Part of ELT Group
Slide 25: Our commitment for a greater sustainability
Our committment for a greater sustainability Goal 4 Goal 8 Goal 9 To ensure inclusive and To promote sustained, To build resilient equitable quality education inclusive and sustainable infrastructure, and to and promote lifelong economic growth, full and promote inclusive and UN Global Compact & SDG
Slide 26: ESG – Environmental, Social, Governance
ESG – Environmental, Social, Governance Climate positive actions ▪ 100 trees planted to reduce 17 tons of Co2 ▪ GHG emissions intensity (Scope 1 and 2) 20.93 tCO₂/€ million* ▪ Energy consumption MWh 1,775.69 ▪ Always looking to improve energy efficiency and we joined the project «M’illumino di meno»
Slide 27: 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 27