Slide 1: FY 2025 Presentation
SWORD GROUP FY 2025 Presentation 12 March 2026 Sword Group - March 26 1
Slide 2: At a Glance
At a Glance Organisation Offer 2026-2028 Strategy Disruptive Elements Sword Strategic Offerings Divisions at a Glance Figures Sword Group’s Share Financial Key Dates Sword Group 2
Slide 3: At a Glance
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: Dependable, digital IT transformation solutions that reduce costs and increase productivity
FY2025 Dependable, digital IT transformation solutions that reduce costs and increase productivity Consolidated Revenue | €357.7m 3,600+ people | 36 nationalities EBITDA Margin | 12.0% Organic Growth | +12.3% (i) (i) at constant perimeter and constant exchange rates Consolidated Revenue by Region Co
Slide 6: Track record
Track record YEAR 2018 2019 2020 2021 2022 (i) 2023 (iii) 2024 2025 Revenue €M 194.3 213.2 212.5 214.6 265.7 281.6 323.0 357.7 % Current EBITDA 14.0% 13.4% 13.9% 13.6% 12.5% 12.3% 12.0% 12.0% % Organic Growth (ii) +18.3% +20.7% +9.2% +21.5% +26.3% +19.0% +15.9% +12.3% Staff at 01/01/xxxx 2,030 2,067
Slide 7: Organisation
Organisation Sword Group ] 7
Slide 8: Organisation | Management Team | Operations
Organisation | Management Team | OPERATIONS Jacques MOTTARD EXECUTIVE CHAIRMAN FULLY OWNED AFFILIATES CEO CEO Kevin MORETON Dieter ROGIERS Olivier PERROTEY Nasser HAMMOUD David MARTÍNEZ Guillaume MOTTARD SW TECHNOLOGIES UK | US BENELUX | GREECE | EU SWITZERLAND | PORTUGAL MIDDLE EAST & INDIA SPAIN S
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 CFO Lalitha BALAKRISHNAN Laurence BLANC Steve VIGNEAUX Olga SLAMENKAITE Patrick ZBINDEN India Consolidation BeNeLux | Greece | Spain UK | US Switzerland | Middle-East Sword Group 10
Slide 11: Offer
Offer Sword Group | TT
Slide 12: Group's Offer | Software Components & IT Services
Group’s Offer | Software Components & IT Services SERVICES SOFTWARE COMPONENTS Creating Value through technology & improvement Adding Value through innovative software components solutions Application Data & Content AI & Development Analytics Services Automation Infrastructure & Enterprise Cyber Man
Slide 13: Certifications, Labels and Sustainability Commitments
Certifications, Labels and Sustainability Commitments Information & Environmental Project & Quality Security Technology H&S Management Management Systems ISO 9001: 2015 ISO 27001: 2022 ISO 20000-1: 2018 ISO 45001: 2018 ISO 14001: 2015 Environment, Labor & Human Rights, Global Compact Ethics, and (UN
Slide 14: 2026-2028 Strategy
2026-2028 Strategy Sword Group 14
Slide 15: AI & Software Engineering
AI & Software Engineering Sword Group 15
Slide 16: 2026 - 2028 Strategy
2026 - 2028 Strategy AI at the core of every solution Deep sector expertise Stronger consulting capabilities Attract and grow top talent Strategic tech partnerships Optimised global delivery (on/off/nearshore) Clear value & measurable ROI Sword Group 16
Slide 17: Disruptive Elements
Disruptive Elements Sword Group 17
Slide 18: Disruptive Elements
Disruptive Elements Shorter, higher-value projects Rising demand for AI-skilled developers Margin drop in Time & Means models if no additional value creation using AI Intense price pressure Expertise + speed outweigh size Sword Group 18
Slide 19: Sword Strategic Offerings
Sword Strategic Offerings Sword Group 19
Slide 20: Sword Strategic Offerings
Sword Strategic Offerings AI consulting and integration Information system modernisation (Cloud & Data) Operational resilience (Cybersecurity) Data management (engineering and governance) Business tools integration Sword Group 20
Slide 21: Divisions at a Glance
Divisions at a Glance Sword Group 21
Slide 22: Sword Group | Tech Trends informing our Strategy
Sword Group | Tech Trends informing our Strategy Cloud Cyber AI • Shift to platform-led ecosystems • Zero Trust & identity-first security • Enterprise AI platforms becoming mainstream • Hybrid & sovereign cloud demand • Regulatory acceleration & board accountability • Agentic & workflow-embedded AI
Slide 23: Sword Group | Strategic Offerings
Sword Group | Strategic Offerings AI Unified Cyber Systems Operations Defence Integration Centre Strategic Ù Partners Cyber Network, hardware Cyber Security Infrastructure Hybrid multi-cloud Cloud & & software hardware & software security/observability software platform hardware & software productiv
Slide 24: Offerings aligned to Technology Strategy
Offerings aligned to Technology Strategy Global Operational Asset Managed Data & AI Resilience Integration Services IT Operations IT/OT Cyber Security Integration Readiness AI & Data Strategy UOC: Service Desk, IT/OT Integration & Hybrid & Multi Cloud AI Infrastructure NOC & SOC Transformation Data
Slide 25: Executive Summary | UK - US FY26
EXECUTIVE SUMMARY | UK - US FY26 FY26 BUDGET – JAN. 26 FY26 REVENUE PIPELINE KEY MARKET MESSAGES AND TARGETS Rev Target £118.0m +17.2% growth Booked £70.8m 60% • Strategic Value Propositions • Data & AI – Trusted intelligence EBITDA £15.1m - Pipeline £33.0m 28% • Operational Resilience – Assured con
Slide 26: ADURA | Cyber defence for hybrid cloud
ADURA | Cyber defence for hybrid cloud Challenge Solution – Collaborative cyber defence Operational Resilience ADURA’s Cyber Defence is built on collaboration: Sword deployed best practice hybrid cloud and cyber defence tooling across Adura environment • Customer Partnership: • Shared Governance Mod
Slide 27: GMVi | Delivering secure innovation in the age of AI
GMVi | Delivering secure innovation in the age of AI Challenge Solution – Secure AI innovation at product speed Secure AI DevOps GMVis’ Eikos solution is designed to improve process management and compliance and provide lessons Secure by design product engineering and DevOps learned for critical inf
Slide 28: Executive Summary | Benelux - Greece - EU FY26
EXECUTIVE SUMMARY | BENELUX - GREECE - EU FY26 FY26 BUDGET – JAN. 26 FY26 REVENUE PIPELINE UNIQUE MARKET POSITION Rev Target €89.0m +9.7% growth Booked €64.9 73% • Leader in EUI & Expert in Tendering procedures • Multi-Million and Multi-Year Framework Contracts (FwCs) EBITDA €8.9m - Pipeline €17.0m
Slide 29: DIGIT FREIA & DIGIT TM | Cyber Security Solutions & Services
DIGIT FREIA & DIGIT TM | Cyber Security Solutions & Services Cyber Security in EUI Contracts 2026 Planned activities • DIGIT FREIA: • Technology Partnerships: • GRC & Awareness • Cybersecurity & Monitoring • Cloud & IT infrastructure Palo Alto and Tenable partnerships Compliance with EUI frameworks
Slide 30: Traveller Support | AI Solutions & Services
Traveller Support | AI Solutions & Services ETIAS AI Chatbot : European Technologies Solution AI-powered support agent for Third Country Secure, scalable AI chatbot leveraging leading European cloud technologies in close partnership with Nationals completing their ETIAS application technical experts
Slide 31: Executive Summary | Switzerland - Canada FY26
EXECUTIVE SUMMARY | SWITZERLAND - CANADA FY26 FY26 BUDGET - JAN 26 FY26 REVENUE PIPELINE KEY MARKET MESSAGES AND TARGETS Rev Target CHF107.8m +6.7% growth Booked CHF66.8m 62% • Trusted local partner (Top3) for the outsourcing of IT activities in Ops, Apps, Data. • Recognised functional and technolog
Slide 32: UN Agency for IP | AI assisted Trademark verification
UN Agency for IP | Provide AI assisted Trademark verification Challenge Solution – Implement AI solution recognised as most impactful AI project for 2025 A time-consuming process At World Intellectual Property Organisation (WIPO), multiple teams of human examiners (40+ people) • Standardisation • Ma
Slide 33: Our Product: Sword Tell and Sword Venue
Our Product Our Product Sword Tell is a Sword Venue dedicated platform empowers your brand SWITZERLAND | CANADA for designing with a global, watchmaking map-driven retail mechanisms intelligence platform from early concept to production, that connects every store worldwide combining 2D/3D kinematics
Slide 34: Executive Summary | Spain FY26
EXECUTIVE SUMMARY | SPAIN FY26 (i) FY26 BUDGET - JAN 26 FY26 REVENUE PIPELINE KEY MARKET MESSAGES AND TARGETS Rev Target €20.3m +12.9% growth Booked €16.2m 79.8% • Real AI solutions solving real problems (GenAI Chatbot for eu-LISA/Frontex). • Expertise in designing and building large-scale enterpris
Slide 35: Telefonica | Streaming Video Platform Transformation
Telefonica | Streaming Video Platform Transformation Challenge Solution – Scalable Video Platform Architecture Modern Video Platform Sword Spain partnered with Telefónica to design and implement a modern, scalable video platform Telefónica wanted to build its video platform, to create a architecture
Slide 36: Executive Summary | Middle East - India FY26
EXECUTIVE SUMMARY | MIDDLE EAST - INDIA FY26 FY26 BUDGET - JAN 26 FY26 REVENUE PIPELINE KEY MARKET MESSAGES AND TARGETS Rev Target $26.6m +10.2% growth Booked $22.6m 85% • Supporting clients cost optimisation through : • the usage of AI Tools for Coding and our new Offering of Applied AI services EB
Slide 37: UAE Government | AI Virtual Minister
UAE Government | AI Virtual Minister-World Governments summit-26 Challenge AI-Powered Minister • Prime Minister's Office seeks an innovative Solution: AI Digital Minister solution to build and deliver a real-time, life-like An interactive AI Digital Avatar that opens the floor for “digital Governmen
Slide 38: Ministry Of Cabinet Affairs | HR Cognitive Search
Ministry Of Cabinet Affairs | HR Cognitive Search Challenge AI-Powered Cognitive Search Platform Difficulty of Reaching the HR Policy Details Cognitive search is an advanced, AI-powered search Employees face significant difficulty accessing technology that goes beyond traditional keyword matching de
Slide 39: Executive Summary | Consolidated FY26
EXECUTIVE SUMMARY | CONSOLIDATED FY26 FY26 BUDGET - JAN 26 FY26 REVENUE PIPELINE KEY MARKET MESSAGES AND TARGETS Rev Target €385.4m +11.6% growth Booked €215.8m 66.1% • Strategic partnerships • Experts in M&A EBITDA €46.4m Pipeline €104.1m 22.1% • Data & AI • Global management services EBITDA % 12.0
Slide 40: Figures
Figures Sword Group 40
Slide 41: FY2025 | Key Figures
FY2025 | Key Figures +12.3% Organic Growth at constant perimeter and constant exchange rates €357.7m FY2025 Consolidated Revenue 12.0% EBITDA margin Sword Group 41
Slide 42: FY2025 | Consolidated Breakdown
FY2025 | Consolidated Breakdown €m FY2025 (*) Revenue EBITDA Margin Organic Growth (i) BeNeLux | Greece | EU 99.9 9.3% +5.2% Locations Spain 10.8 11.4% +15.1% Switzerland | Canada 110.6 10.3% +10.2% UK | US 114.8 13.4% +20.6% Offshore Global Services 21.6 26.3% +15.7% Centers | Middle East TOTAL 357
Slide 43: 2025 - 2026 | Revenue Growth
2025 - 2026 | Revenue Growth Organic Growth at Organic Growth at Constant €m Revenue Constant Perimeter and Perimeter Constant Exchange rate 2024 Consolidated 323.0 2024 Profroma 299.7 2025 Consolidated 357.7 +12.0% +12.3% 2025 Proforma 347.8 2026 Budget 389.5 +12.0% Sword Group 43
Slide 44: FY2025 | PnL
FY2025 | PnL (i) (i) With no impact of amortisation of backlog acquisition €m FY2025 Revenue 357.7 Current EBITDA 42.9 | 12.0% Current EBIT 35.4 | 9.9% Non Current Costs 8.5 Financial Costs 0.2 Corporate Tax 4.2 Net Profit after corporate tax (i) 22.5 | 6.3% Sword Group 44
Slide 45: FY2025 Balance Sheet | Non-Current Assets
FY2025 Balance Sheet | Non-Current Assets €k 31.12.2024 31.12.2025 ASSETS NON-CURRENT ASSETS Goodwill 79,535 81,987 Other intangible assets 11,632 21,305 Change due to acquisitions/disposal of Idelta, Bubble GO, Full On Net and Tipik Property, plant & equipment 4,753 4,285 Assets related to the ri
Slide 46: FY2025 Balance Sheet | Current Assets
FY2025 Balance Sheet | Current Assets €k 31.12.2024 31.12.2025 ASSETS CURRENT ASSETS Trade and other receivables 34,839 48,599 Work in progress 63,027 57,960 Increase due to revenue growth Current tax assets 1,185 1,421 Other assets 6,747 5,040 Cash and cash equivalents 70,620 59,138 Prepaid expen
Slide 47: FY2025 Balance Sheet | Financial Debt
FY2025 Balance Sheet | Financial Debt €k 31.12.2024 31.12.2025 EQUITY AND LIABILITIES EQUITY Share capital 9,545 9,545 Share premiums 70,676 70,676 Reserves 10,420 7,084 Retained earnings 4,807 (12,734) TOTAL EQUITY - GROUP SHARE 95,448 74,571 Non-controlling interests (minority 1,662 1,880 interest
Slide 48: 2025 | Net Cash Position
2025 | Net Cash Position (i) 31/12/2025 Net Cash Position: -€28.2m (ii) Cash spent on share deals and M&A in 2025: €41.6m (i) Net cash position, excluding IFRS 16 (ii) Bank: -€31.5m | Treasury Shares: €3.3m Sword Group 48
Slide 49: 2025 | Net Cash Position Details
2025 | Net Cash Position Details (i) €m FY2024 FY2025 As of 01/01 +32.6 +17.8 Operational cash: normative flow +28.9 +28.2 Change in WCR -5.7 -5.2 Dividends -16.0 -18.9 Share deals during the period -7.3 -21.4 Acquisitions + M&A fees -6.7 -20.2 Lease Liabilities -3.9 -4.0 Investments -4.1 -4.5 As of
Slide 50: FY2025 | Backlog
FY2025 | Backlog [30/09/2025] [31/12/2025] Backlog: Backlog: €640.5m €704.5m (21.4 months) (21.7 months) Sword Group 50
Slide 51: 2025 Top 10 Clients
2025 Top 10 | Clients Company Location Audemars Piguet Switzerland | Canada DG Informatics (DIGIT) BeNeLux | Greece DG European Statistics 3 1 2 BeNeLux | Greece (ESTAT) The first 10 clients The first client DG Taxation and Customs Union (TAXUD) BeNeLux | Greece represent 26.6% of represents 4.5% th
Slide 52: Double-digit Growth
Double-digit Growth Sword’s drivers of sustainable outperformance Operational discipline Agile governance model Selective, low-risk micro-acquisitions Strategic focus on high-growth segments Stable Markets Strong Backlog Globalised Sword Group 52
Slide 53: Sword Group's Share
Sword Group’s Share Sword Group 53
Slide 54: Share Return
Share Return +55% +13% +5.5% -6.1% +6.2% 2021 Total Share 2022 Total Share 2023 Total Share 2024 Total Share 2025 Total Share Return (TSR) Return (TSR) Return (TSR) Return (TSR) Return (TSR) 01/01: €31.35 - 31/12: 01/01: €43.65 - 31/12: 01/01: €39.4 - 31/12: 01/01: €39.85 - 31/12: 01/01: €35.7 - 31/
Slide 55: Financial Key Dates
Financial Key Dates Sword Group 55
Slide 56: Financial Calendar
Financial Calendar 31 PUBLICATIONS MEETINGS 23/04/2026 28/04/2026 2026 | Q1 Results Annual Shareholders Meeting | 2025 23/07/2026 10/09/2026 2026 | Q2 Results SFAF Meeting | H1 2026 Results in 22/10/2026 Lyon 2026| Q3 Results 11/03/2027 25/01/2027 SFAF Meeting | FY 2026 Results in 2026
Slide 57: 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