Slide 1: H1 2026 SFAF Presentation Detailed
SWORD GROUP H1 2026 SFAF Presentation Detailed 2026 | September 10th Sword Group - September 26 1
Slide 2: Agenda
At a Glance Management Chart Introduction Strategy Divisions H1 2026 Figures Financial Key Dates Sword Group 2
Slide 3: Sword at a glance
Sword at a glance Sword Group 3
Slide 4: At a Glance
At a Glance A global Leader in Technology Transformation International 1000+ customers 4 offshore | Successful, Growing, Financially Secure Group in over 50 nearshore founded in and Listed 2000 countries support centres Sword Group has been making world-leading organisations more efficient and more
Slide 5: H1 2026 | Figures as of June 30, 2026
H1 2026 | Figures as of June 30, 2026 Dependable, digital IT transformation solutions that reduce costs and increase productivity 3,900+ people | 36 nationalities Consolidated Revenue | €187.7m EBITDA Margin | 12.0% Organic Growth | +12.6% (i) (i) at constant perimeter and constant exchange rates Co
Slide 6: Management Chart
Management Chart Sword Group 6
Slide 7: Organisation | Management Team | Operations -1-
Organisation | Management Team | OPERATIONS -1- Jacques MOTTARD EXECUTIVE CHAIRMAN CEO Kevin MORETON Dieter ROGIERS Guillaume MOTTARD Nasser HAMMOUD David MARTÍNEZ SWITZERLAND | CANADA | UK | US BENELUX | GREECE | EU MIDDLE EAST & INDIA IBERIA FRANCE COO PUBLIC FINANCIAL PUBLIC SECTOR ENERGY LUXEMBO
Slide 8: Organisation | Management Team | Operations -2-
Organisation | Management Team | OPERATIONS -2- Jacques MOTTARD EXECUTIVE CHAIRMAN CEO Kevin MORETON Dieter ROGIERS Guillaume MOTTARD Nasser HAMMOUD David MARTÍNEZ SWITZERLAND | CANADA | UK | US BENELUX | GREECE | EU MIDDLE EAST & INDIA IBERIA FRANCE BUSINESS UNITS DIRECTORS UK | US BENELUX | GREECE
Slide 9: Organisation | Management Team | Central Functions
Organisation | Management Team | CENTRAL FUNCTIONS Kevin MORETON CEO Greg ANDERSON Andrew THOM David HOWE CAIO CISO CSO Glossary: CAIO Chief Artificial Intelligence Officer Stéphanie DESMARIS CISO Chief Information Security Officer CSO Chief Sustainability Officer Head of Communication Sword Group 9
Slide 10: Organisation | Management Team | Finance
Organisation | Management Team | FINANCE Philippe BLANCHE Group CFO Patrick ZBINDEN CFO Lalitha BALAKRISHNAN Laurence BLANC Steve VIGNEAUX Olga SLAMENKAITE Switzerland | Middle-East India Consolidation BeNeLux | Greece | Spain UK | US | France Sword Group 10
Slide 11: Introduction
Introduction Sword Group ] TT
Slide 12: Introduction: Strong, Ready for the Next Phase
Introduction STRONG READY FOR THE NEXT PHASE Half-Year Results • Expertise • Outlook Robust backlog | Successful AI transition | Restructured offering Sword Group 12
Slide 13: Understanding Sword starts with its fundamentals
Understanding Sword starts with its fundamentals STRENGTH | Backlog, operational discipline and visibility TRANSFORMATION | Successful AI transition and restructured offering DIFFERENTIATION | A profile that remains significantly different from our peers A strong, transformed company ready to contin
Slide 14: Strategy
Strategy 2025 2026 '? a 2029
Slide 15: From Resource Provider to AI-Led Systems Integrator
From Resource Provider to AI-Led Systems Integrator YESTERDAY TODAY TOMORROW We provided specialist We integrate business We aim to be the AI-led professionals and strategy, applications, partner customers trust to delivered fixed-price platforms and design, build, secure and projects. infrastructur
Slide 16: Our Four Pillars
Our Four Pillars One integrated model, from strategy through to the resilient foundation beneath it. 01 02 03 04 Consulting Applications Platforms Infrastructure Define the strategy and Create solutions that Enable scalable digital Provide the resilient identify the value deliver outcomes capability
Slide 17: Strength Through Strategic Partnerships
Strength Through Strategic Partnerships Best-of-breed capability combined to solve real business problems. Microsoft AWS Cisco & Splunk Modern work and cloud Networking, secure connectivity, Cloud scale and innovation. transformation. observability and cyber security. Palo Alto Nutanix Dell Security
Slide 18: The AI, Cloud & Cyber Thread
The AI, Cloud & Cyber Thread The capabilities that connect and strengthen every pillar. AI Cloud Cyber Drives innovation and Provides scale, agility and Ensures trust, resilience and productivity. speed. compliance. Consulting AI strategy, cloud transformation, cyber Platforms Cloud-native architect
Slide 19: AI Transformation is fuelling our growth
AI Transformation is fuelling our growth • Small today, but grows the fastest as AI drives adoption. • Already significant, and AI pushes it higher still. • Steady until now, then accelerates sharply as AI unlocks new APP. demand. • Modest today, growing steadily as AI fuels demand for INFRA. advice
Slide 20: AI | The gain arrives with the redesign, not with the machine
AI | The gain arrives with the redesign, not with the machine THE INDUSTRIAL ARC 1764 1771 1880s 1913 SPINNING JENNY THE FACTORY ELECTRIFICATION ASSEMBLY LINE Machines replace hands; Work is pulled into one Old layouts kept; gains stay Work redesigned: 12.5 hrs to work stays home. place. modest. 93
Slide 21: Divisions
Divisions Sword Group 21
Slide 22: UK | US
UK | US Sword Group 22
Slide 23: UK-US | Market Positioning
UK-US | Market Positioning CRITICAL NATIONAL INFRASTRUCTURE (CNI) SECTOR ENERGY & UTILITIES FINANCE PUBLIC SECTOR CROSS-SECTOR CYBER CLOUD AI CAPABILITIES HOW WE MARKET & SELL PROJECTS & PROCUREMENT DELIVERY MODELS MANAGED SERVICES & RESOURCING BU OFFERINGS WHERE REVENUE COMES FROM REVENUE CONSULT A
Slide 24: Executive Summary | UK - US
EXECUTIVE SUMMARY | UK - US FY26 BUDGET (i) FY26 FORECAST (i) KEY MARKET MESSAGES Rev Target £122.2m +17.2% growth Rev Target £123.0m +18.0% • Leading technology services provider to Critical National Infrastructure growth • Markets do not create competitive advantage; domain expertise does. EBITDA
Slide 25: SSE: Delivering AI Transformation
Case Study Solution SSE: Sword partnered with SSE to enhance its AI delivery capabilities across multiple levels. By leveraging our Pathfinder AI framework, we rapidly assessed what’s needed across AI strategy, governance, architecture and delivery teams and have Delivering AI delivered robust, repe
Slide 26: ADURA: Cyber defence for critical infrastructure
Case Study Solution ADURA: Cyber Sword deployed best practice hybrid cloud and cyber security tooling across the Adura environment, protecting their infrastructure with modern cyber and AI capabilities, managed by our Unified Cyber Defence service. defence for critical infrastructure Operational Cus
Slide 27: BeNeLux | Greece | EU
BeNeLux | Greece | EU Sword Group 27
Slide 28: BeNeLux - Greece - EU | Market Positioning
BeNeLux - Greece - EU | Market Positioning EUROPEAN INSTITUTIONS IT MARKET EUROPEAN COMMISSION EUROPEAN AGENCIES & INTERNATIONAL SECTOR & PARLIAMENT BODIES ORGANISATIONS STRATEGIC CYBER CLOUD AI VALUE HOW WE MARKET & SELL PROJECTS & PROCUREMENT DELIVERY MODELS MANAGED SERVICES & RESOURCING BU OFFERI
Slide 29: Executive Summary | BeNeLux - Greece - EU
EXECUTIVE SUMMARY | BENELUX - GREECE - EU FY26 BUDGET FY26 FORECAST STABLE MARKET CONDITIONS Rev Budget €89.0m +9.7% growth Rev budget €91.0m +12.2% growth • MULTI-MILLION and MULTI-YEAR Framework Contracts (FwCs) EBITDA €8.9m - EBITDA €9.3m - • IMPORTANT BACK-LOG • HIGH RECURRING FIGURES EBITDA% 10
Slide 30: eu-LISA TEF: strengthen borders and JHA domains
Case Study Solution eu-LISA TEF: Sword partnered with eu-LISA to deliver various systems (e.g. ETIAS, IO, VIS, SIS, EES) using a secure, scalable and legislation-led delivery model. strengthen borders Delivery model: Multi- Complex Complex and JHA domains Gradual delivery since 2021, stakeholders: L
Slide 31: EC DG Taxud: ITSM VoW
Case Study Solution EC DG Taxud: ITSM VoW Sword established and operated a monitoring mechanism for VoW, supported by usage-pattern analysis algorithms designed to detect abusive or abnormal traffic from anonymous end users. This enabled the early identification of faulty traffic flows affecting the
Slide 32: Iberia
Iberia Sword Group | 32
Slide 33: Iberia | Market Positioning
Iberia | Market Positioning MISSION-CRITICAL DIGITAL TRANSFORMATION SECTOR TELECOM MEDIA & ADVERTISING HEALTH STRATEGIC CYBER CLOUD AI VALUE HOW WE MARKET & SELL PROJECTS & PROCUREMENT DELIVERY MODELS MANAGED SERVICES & RESOURCING BU OFFERINGS WHERE REVENUE COMES FROM REVENUE CONSULT APP PLAT INFRA
Slide 34: Executive Summary | Iberia
EXECUTIVE SUMMARY | IBERIA FY26 BUDGET FY26 FORECAST KEY MARKET MESSAGES Rev Target €20.3m (i) Rev Target €20.5m (i) • Integration of Sword Portugal into the IBERIA Division during H2. • Strategy focused on strengthening Centers of Excellence in Data, AI, and Cloud. EBITDA €2.4m EBITDA €3.3m • Succe
Slide 35: TELXIUS: Next-generation Operations & Data platform
Case Study Solution Sword delivers an integrated service model combining OSS operations, transversal TELXIUS: Next- project management and advanced Data, AI & Automation capabilities to support Telxius’ system lifecycle, enhance operational efficiency and enable data-driven generation Operations & d
Slide 36: Softway Medical: AI-powered Clinical Decision
Case Study Solution Sword is integrating Hospital Manager (HM) with the POSOS* Clinical Decision Support Softway Medical: AI- Platform, enabling AI-powered prescription validation directly within the existing clinical workflow. The solution securely exchanges relevant patient information with powere
Slide 37: Switzerland | Canada | France
Switzerland | Canada | France Sword Group 37
Slide 38: Switzerland - Canada - France | Market Positioning
Switzerland - Canada - France | Market Positioning SOVEREIGNTY & RESILIENCE PUBLIC SECTOR SPORTS LUXURY FINANCE HEALTH INT. ORGA SECTOR STRATEGIC CYBER CLOUD AI VALUE HOW WE MARKET & SELL PROJECTS & PROCUREMENT DELIVERY MODELS MANAGED SERVICES & RESOURCING BU OFFERINGS WHERE REVENUE COMES FROM REVEN
Slide 39: Executive Summary | Switzerland - Canada - France
EXECUTIVE SUMMARY | SWITZERLAND - CANADA - FRANCE FY26 BUDGET FY26 FORECAST KEY MARKET MESSAGES AND TARGETS Rev Target CHF107.8m +9% growth Rev Target CHF107.0m +9% growth • Strategic Value Propositions • Digital Workplace EBITDA CHF10.8m - EBITDA CHF10.5m - • App. development EBITDA % 10.0 % - • Bu
Slide 40: International organisation: Datacenter move to Switzerland
Case Study Solution International Sword delivered to the client this Microsoft 365 & Azure programme using a secure, scalable and outcome-led delivery model. organisation: Delivered in 24 Scaled across 6 Improved data Created Datacenter move to weeks : from mobilisation to sites: with minimal sovere
Slide 41: mci group: Setup of a GRC platform to manage ISO
Case Study Solution mci group: Setup of a Sword chose to answer to the mci group need through the ServiceNow platform allowing our client to get a reliable and customisable solution that will fit to any potential future need. GRC platform to manage ISO A risk based A scalable Focus on Strategic appr
Slide 42: Offshore | Middle East
Offshore | Middle East Sword Group 42
Slide 43: Middle East-India | Market Positioning
Middle East-India | Market Positioning GCC Digital Transformation & Global Offshoring SECTOR Public Sector Transport & Logistics Finance STRATEGIC CYBER CLOUD AI VALUE HOW WE MARKET & SELL PROJECTS & PROCUREMENT DELIVERY MODELS MANAGED SERVICES & RESOURCING BU OFFERINGS WHERE REVENUE COMES FROM REVE
Slide 44: Executive Summary | Middle East-India
EXECUTIVE SUMMARY | MIDDLE EAST- INDIA FY26 BUDGET FY26 FORECAST KEY MARKET MESSAGES AND TARGETS Rev Target $26.6m +10% Rev Target $29m +19.9% • Supporting clients cost optimisation through: growth growth • the usage of AI Tools for Coding and our new Offering of Applied AI services EBIT $5.8m - • 2
Slide 45: Dubai Municipality | Build In Dubai Digital Channel
Solution Currently, the Build in Dubai Enterprise Platforms are being maintained and Case Study managed through separate contracts with multiple partners. This fragmented Dubai Municipality | operating model creates several challenges. With this engagement we target the following benefits: Platform
Slide 46: CMA CGM: Fleet Center
Case Study Solution CMA CGM: Sword partnered with CMA CGM to run application maintenance (TMA) for the Fleet Navigation Center scope, using Sword near-shore capacity and on-shore (Marseille). Fleet Center L2 & L3 Support Corrective Evolutive Governed Delivery Back-office Maintenance Maintenance assi
Slide 47: H1 2026 Figures
H1 2026 Figures Sword Group 47
Slide 48: Track record
Track record YEAR 2018 2019 2020 2021 2022 (i) 2023 (iii) 2024 2025 H1 2026 Revenue €M 194.3 213.2 212.5 214.6 265.7 281.6 323.0 357.7 187.7 % Current EBITDA 14.0% 13.4% 13.9% 13.6% 12.5% 12.3% 12.0% 12.0% 12.0% % Organic Growth (ii) +18.3% +20.7% +9.2% +21.5% +26.3% +19.0% +15.9% +12.3% +12.6% Staf
Slide 49: H1 2026 | Key Figures
H1 2026 | Key Figures +12.6% Organic Growth at constant perimeter H1 €187.7m Consolidated 2026 Revenue 12.0% EBITDA margin Sword Group 49
Slide 50: H1 2026 | Consolidated Breakdown
H1 2026 | Consolidated Breakdown €m H1 2026 (*) Revenue EBITDA Margin Organic Growth (i) BeNeLux | Greece | EU 45.3 10.5% +14.7% Locations Spain 8.7 15.8% N/A Switzerland | Canada | France 61.0 10.4% +7.2% UK | US 61.3 11.3% +15.6% Offshore Global Services 11.4 27.5% +17.8% Centers | Middle East TOT
Slide 51: H1 2026 | PnL
H1 2026 | PnL (i) (i) With no impact of amortization of backlog acquisition €m H1 2026 (*) Revenue 187.7 Current EBITDA 22.6 | 12.0% Current EBIT 18.8 | 10.0% Non Current Costs 4.4 Financial Costs (1.1) Corporate Tax 2.7 Net Profit after corporate tax (i) 12.8 | 6.8% (*) Totals and percentages may n
Slide 52: H1 2026 | Net Cash Position
H1 2026 | Net Cash Position (i) Net cash position as of 30 June 2026: €-62.9m Forecast net cash position as of 31 December 2026 €-35.0m (excluding any potential M&A transactions): (i) Net cash position, excluding IFRS 16 Sword Group 52
Slide 53: H1 2026 | Net Cash Position - Investment in M&A
H1 2026 | Net Cash Position - Investment in M&A Exceptional costs related to M&A activities: €2.9m Net cost of acquisitions and earn-out payments: €16.5m Cash outflow related to M&A activities: €19.4m Sword Group 53
Slide 54: H1 2026 | Net Cash Position - Investment in New Technologies
H1 2026 | Net Cash Position - Investment in New Technologies Through acquisitions: Cirrus HQ (i): €12.2m (ii) Through capitalised development expenditure: €2.6m (ii) Through operating expenses: €4.8m (iii) Cash outflow related to investment in new technologies: €19.6m (i) multi-hybrid cloud
Slide 55: H1 2026 Balance Sheet | Non-Current Assets
H1 2026 Balance Sheet | Non-Current Assets €k 31.12.2025 30.06.2026 ASSETS NON-CURRENT ASSETS Goodwill 83,281 96,277 Increase due to the acquisition of Other intangible assets 19,584 20,228 Cirrus HQ Property, plant & equipment 4,285 4,051 Assets related to the right of use 11,506 10,854 Financial
Slide 56: H1 2026 Balance Sheet | Current Assets
H1 2026 Balance Sheet | Current Assets €k 31.12.2025 30.06.2026 ASSETS CURRENT ASSETS Trade and other receivables 48,599 35,123 Work in progress 57,960 67,086 Current tax assets 1,421 2,840 Other assets 5,040 6,670 Cash and cash equivalents 59,138 61,888 Prepaid expenses 5,367 11,402 TOTAL CURRENT A
Slide 57: H1 2026 Balance Sheet | Financial Debt
H1 2026 Balance Sheet | Financial Debt €k 31.12.2025 30.06.2026 EQUITY AND LIABILITIES EQUITY Share capital 9,545 9,545 Share premiums 70,676 70,676 Reserves 7,084 8,683 Retained earnings (12,734) (20,374) TOTAL EQUITY - GROUP SHARE 74,571 68,530 Non-controlling interests (minority interests) 1,880
Slide 58: H1 2026 | Backlog
H1 2026 | Backlog [31/12/2025] [30/06/2026] Backlog: Backlog: €704.5m €752.4m (21.7 months) (23.2 months) Sword Group 58
Slide 59: H1 2026 Top 10 Clients
H1 2026 Top 10 | Clients Company Location CMA CGM Middle East DG Informatics (DIGIT) BeNeLux | Greece DG Taxation and Customs 3 1 2 BeNeLux | Greece Union (TAXUD) The first 10 clients The first client European Central Bank BeNeLux | Greece represent 35.4% of represents 7.3% Ithaca Energy UK the H1 2
Slide 60: Financial Calendar
Financial Calendar 31 PUBLICATIONS MEETINGS 22/10/2026 11/03/2027 2026| Q3 Results SFAF Meeting | FY 2026 Results in 25/01/2027 Paris 2026 | Q4 Results 10/03/2027 28/04/2027 2026 | FY Results Annual Shareholders Meeting | 2026 Sword Group 60
Slide 61: Suivre Sword
SUIVRE SWORD sword-group.com Sword Group @SwordGroup Sword Group Sword Group | 2 rue d’Arlon L-8399 Windhof - Luxembourg SE capital €9,544,965 - B168244