Stepchange Holdings Ltd. · ASX:STH
Stepchange — Shareholder Meeting (November 2025)
11 slides from Stepchange's shareholder meeting presentation, November 2025
Slide 1: AGM Presentation − November 2025
StepChange Holdings Limited Capturing the Cloud Migration Wave AGM Presentation − November 2025 Shane Bransby, Managing Director 1
Slide 2: Global ERP TAM of US$220 billion growing at 17% CAGR
“Given upcoming cloud migrations, investors are underappreciating the size of the global ERP TAM of US$220 billion, growing at a 17% CAGR” Morgan Stanley Research, Global Insight, September 2024. “SAP has the global leading market share in ERP software” SAP website – Gartner 2
Slide 3: Agenda
Agenda 1. Company Overview 2. FY25 Achievements 3. Post-IPO Strategic Milestones 4. Market Opportunity 5. Looking Forward 3 3
Slide 4: 1. Company Overview
1. Company Overview Trusted SAP Enterprise Resource Planning (ERP) providing migration, implementation and optimisation projects for global Tier 1 enterprises and government Who We Are Our Opportunity • Leading West Australian based SAP and IT consulting firm with • SAP is the global leader in ERP s
Slide 5: 2. FY25 Achievements
2. FY25 Achievements • Exceeded FY25 Prospectus Forecast with $42.5m revenue and $4.0m normalised EBITDA • Strong headcount growth to 161 billable consultants • Successful ASX listing in July 2025, establishing platform for future growth 5
Slide 6: 3. Post-IPO Strategic Milestones
3. Post-IPO Strategic Milestones • Establishment of US operations in Houston to support Tier 1 energy clients and new growth pipeline • $11m Westpac facilities secured, enhancing balance sheet flexibility for organic and acquisition-led growth • Appointment of Stephen Pacecca (CFO) – bringing deep f
Slide 7: 4. The Next Wave of SAP Demand
4. The Next Wave of SAP Demand Cloud Migration is a key driver of Business productivity, efficiency and scalability Customer cloud migration 250+ users in Australia Organisations continue to adopt cloud solutions for their expected to migrate to S/4HANA as mainstream IT infrastructure over on-premis
Slide 8: Competitive Strengths
Competitive Strengths Distinct advantages over larger global firms and staffing agencies Strength Staffing Agencies Big 4 Firms The StepChange Way Proven SAP & Cloud Specialised SAP partner with track • Early and continuous Generalist IT focus business engagement Migration Expertise record in S/4HAN
Slide 9: 5. Clear Pathways for Growth
5. Clear Pathways for Growth Multi-year cloud migration pipeline supported by expansion and consolidation opportunities Organic Inorganic Cloud Migration New Logo Expansion of Market from On-Premise Wins Across Australia Service Offerings Consolidation • SAP’s phase out of its ECC • Strong pipeline
Slide 10: FY26 Executing our Growth Strategy
FY26 Executing our Growth Strategy • Continue reviewing selective inorganic M&A opportunities • Maintain strong billable consultant utilisation numbers at 160+ • Deepen relationships with existing Tier 1 and Government clients • Accelerate cross-sell opportunities through cloud migration projects •
Slide 11: Thank you
Thank you é Change
StepChange Holdings — Shareholder Meeting (November 2025) on 6ix