FINEOS Corporation Holdings Plc · ASX:FCL
FINEOS — H1 2025 Earnings Presentation
21 slides from FINEOS's earnings presentation, Aug 28, 2025
Slide 1: 1H25 Results Presentation
For personal use only 1H25 Results Presentation Michael Kelly (Founder and CEO) and Ian Lynagh (CFO) © FINEOS Corporation Ltd 28 August 2025 1
Slide 2: Vision and Purpose
Vision A world where ON protection from illness, For personal use only “Global market TI injury and loss is accessible to everyone C leader in core TE PRO systems for group and individual Life Accident and Health CARE insurance on a single technology platform” Purpose PR We help our customers EV car
Slide 3: 1H25 FINEOS Financial Highlights
1H25 FINEOS Financial Highlights Strong operating margins and continued enhancement of ARR Subscription ARR Total For personal use only Revenue €76.4m Revenue €36.4m at 30 June’25 €67.1m Up 5.7% on 1H24 Subscription revenue now Up 11.2% from €68.7m at June‘24 Up 4.2% on 1H24 represents 54.3% of tota
Slide 4: 1H25 FINEOS Operational Highlights
1H25 FINEOS Operational Highlights Guardian Phase 2 on track. Existing client Top 10 US Group Expecting positive free cash Supports all new business For personal use only carrier contracted for upgrade flow in FY25 in aggregate onboarding in 2026 and from on-premises FINEOS to the with sustained ann
Slide 5: Our people – a key asset of the business
Our people – a key asset of the business Employees by function 1% 88% For personal use only 5% ▪ Average Product Consulting utilisation for the 34% Product Consulting period was 88% (1H24: 85%) Cloud Ops Utilisation R&D ▪ Retention rate of over 90% (similar to 1H24) 49% 11% Sales & Marketing General
Slide 6: Geographic mix of revenues
Geographic mix of revenues Growth in North America share of revenue as it continues to remain the dominant regional source of revenue at 79.7% of total revenue in 1H25 For personal use only 1H24 revenue by region 1H25 revenue by region Changes to revenue growth by region 4.9% 3.3% (measured in €) •
Slide 7: 1H25 – Financial Slides
For personal use only 1H25 – Financial Slides © FINEOS Corporation Ltd 7
Slide 8: Income Statement
Income Statement • Total Revenue €67.1m (1H24: €64.4m) o Subscription revenue grew by 5.7% and represents a healthy 11.2% growth in ARR to €76.4m as compared to €68.7m in 1H24. Income Statement 1H25 1H24 % Change €m €m o Services revenue up 2.6% on 1H24 with a 11.5% increase in APAC For personal use
Slide 9: Subscription Revenue growth continues
Subscription Revenue growth continues Subscription revenue now represents 54.3% of total revenue Total Revenue by half year €m For personal use only Breakdown of 1H25 Revenues: 30.4 ▪• North OverallAmerica RevenueCloud up 4.2% compared to Subscription 68.8 1H24 driven 70m 63.5 64.4 67.1 revenue up b
Slide 10: Operating Expenses
Operating Expenses 45m Total Operating Expenses Half On Half €M Operating expenses 1H25 1H24 % Change 40m €m €m 35m For personal use only Research & development (12.8) (11.3) 12.6% 30m Sales & marketing (1.5) (2.2) (30.2%) 25m Product consulting (10.7) (11.1) (3.2%) 20m Cloud operations/support (6.5
Slide 11: R&D investment spend leveling off
R&D investment spend leveling off FINEOS is changing the profile of its R&D spend to focus more on digital and data related work Ongoing investment being made in For personal use only R&D investment €m R&D to continue to drive subscription revenue growth 38.8% 36.9% 37.9% 36.0% 37.0% ▪ North America
Slide 12: Balance sheet
Balance sheet • Cash at bank movement reflects seasonality of cash collection, higher Statement of Financial Position 30 June 25 31 Dec 24 % Change receipt of customer payments and reduction in staff cost. €m €m Cash at bank 34.9 19.8 75.9% For personal use only • Trade receivables are down 8.5% mai
Slide 13: Statement of Cash Flows
Statement of Cash Flows • Net cash generated from operating activities of €34.3m Statement of Cash Flows 1H25 1H24 % Change increased 73.0% compared to 1H24 reflecting higher cash collection and continued improvements in operational efficiency. €m €m For personal use only Net cash generated from ope
Slide 14: FY25 Outlook & Key Priorities
For personal use only FY25 Outlook & Key Priorities © FINEOS Corporation Ltd 14
Slide 15: 2H25 Key Priorities
2H25 Key Priorities For personal use only We continue to progress delivery of our FY25 priorities especially our revenue growth and achieve positive free cash flow for the year as a whole. As we look to the second half of the year our prioritised goals in the business are as follows: ✓ Delivering th
Slide 16: Outlook & Guidance for FY25 Unchanged except for currency impact
Outlook & Guidance for FY25 Unchanged except for currency impact For personal use only • Revenue is now guided to be at the lower end of range provided (€138m - €143m) primarily driven by, the weakening of trading currencies (especially the USD) against FINEOS’ operational currency of the Euro, and
Slide 17: Reiterating Outlook & Guidance for beyond FY25
Reiterating Outlook & Guidance for beyond FY25 For personal use only Growth expectations in FY25 remain on track to enable: • Subscription fees to increase as a percentage of total revenues to 65% in FY27 and 75% in FY29 • R&D investment to decrease as a percentage of total revenue to 30% in FY27 an
Slide 18: Disclaimer
Disclaimer For personal use only This presentation has been prepared by FINEOS Corporation Holdings PLC (Company or FINEOS). By accessing or attending this presentation, you acknowledge that you have read and understood the following statements. NO OFFER OF SECURITIES Nothing in this presentation sh
Slide 19: Thank you
For personal use only Thank you © FINEOS Corporation Ltd 19
Slide 20: Appendix
For personal use only Appendix © FINEOS Corporation Ltd 20
Slide 21: Significant growth opportunity for FINEOS in North America
Significant growth opportunity for FINEOS in North America Existing clients Total Employee Benefits Market (AM Best) • FINEOS penetration is at 10-15% For personal use only US$200b premium • Up-sell white space to expand lines of business supported • Cross-sell opportunity for FINEOS FINEOS Target M
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