Stepchange Holdings Ltd. · ASX:STH
Stepchange — Investor Presentation (July 2025)
23 slides from Stepchange's investor presentation, Jul 10, 2025
Slide 1: Powering Digital Transformation Services
StepChange Holdings Limited For personal use only Powering Digital Transformation Services Listing Presentation - July 2025 1
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by StepChange Holdings Limited (ACN 678 129 756) (Company) NATURE OF DOCUMENT This presentation has been prepared and issued by Company to provide genera information about the Company. The information in this document is in summary fo
Slide 3: Investment Highlights
Investment Highlights Following the Acquisition of StepChange Consultants Pty Ltd (StepChange) (which occurred concurrently with listing), the Group will be a market leading SAP ERP and IT consulting services provider across Australia For personal use only Strong financial profile with FY25F Unique
Slide 4: StepChange Overview
StepChange Overview StepChange is a market leading Business and IT Consulting firm founded in Western Australia with 21 years’ experience delivering transformation solutions to global and local businesses For personal use only StepChange Overview Key Metrics1 • West Australian based business and IT
Slide 5: Attractive Industry Fundamentals
Attractive Industry For personal use only Fundamentals 5 5
Slide 6: Enterprise Resource Planning Overview
Enterprise Resource Planning Overview SAP is the leading global provider of ERP software, helping businesses manage core functions What is Enterprise Resource Planning? The ERP Vendor Landscape For personal use only Financials ERP Software Human Capital Platform Management Enterprise Customer Relati
Slide 7: Large Addressable Market
Large Addressable Market The addressable market for SAP professional partners is large and growing rapidly SAP ecosystem SAP’s Total Addressable Market (US$b)1,2 For personal use only Professional partners were expected to generate 5x SAP’s revenue in 20241 800 CAGR: 12.4% 670 600 Professional SAP p
Slide 8: Significant Industry Tailwinds
Significant Industry Tailwinds Structural tailwinds support long term growth ambitions For personal use only AI / Digital transformation Outsourcing and automation Customer cloud migration • Continuous digital transformation is a top for • Growing IT complexity compels businesses to • Organisations
Slide 9: Timeline
Timeline Demonstrated history of growth ASX IPO and the For personal use only 2017 - 2023 2024 next phase of Continued growth with Team of over 148 in StepChange’s new customer wins Australia delivering growth begins including ASX 50 $42.8m revenue in 2003 - 2017 2017 companies, FY241 Growth to a te
Slide 10: Key Strengths
Key Strengths Distinct benefits over competitors position the Group well to organically grow market share For personal use only Breadth of offering • Ability to provide specialist offerings, helping customers run SAP and agnostic solutions effectively and efficiently Independent provider • Independe
Slide 11: Business Overview
For personal use only Business Overview 11 11
Slide 12: Broad Service Offering
Broad Service Offering End-to-end services that ensure customers are supported through the full project cycle Existing Key Delivery Capabilities For personal use only Technology and • Deliver customised SAP solutions Innovation • Key services: process insights, product development, data & analytics,
Slide 13: Tier 1 Customer Base
Tier 1 Customer Base1 Current specialisation in the energy and mining sectors but with broad utility of offering demonstrated via long tail of sector exposure 1HFY25 Revenue by sector2,3 1HFY25 Revenue by customer type For personal use only Other Government body 7% 8% Government 6% Mining 10% Corpor
Slide 14: Tier 1 Customer Base (cont.)
Tier 1 Customer Base (cont.) Multiple long tenured customers highlight value of service offering FY24 top 5 customer tenure (years)1,2 1HFY25 Revenue by customer3 For personal use only Other Customer for over Customer 4 9% 18 years, currently 19.2 4% engaged on numerous 18.2 separate projects across
Slide 15: Overview of the Group and Growth Opportunities
Overview of the For personal use only Group and Growth Opportunities 15 15
Slide 16: Structure Overview
Structure Overview High quality business with market leading capabilities Deal structure Key business metrics1 For personal use only StepChange Holdings Limited FY25F FY26F (ACN 678 129 756) Revenue $42.2m $47.3m Acquisition Pro Forma EBITDA2,3,4 $2.9m $4.6m StepChange Consultants Pty Ltd ACN 601 51
Slide 17: Growth Opportunities
Growth Opportunities Numerous near-term opportunities to drive significant growth For personal use only Organic Inorganic New logo Expansion of service Transition from on Market wins offerings premise to cloud Grow across Australia consolidation • There is a significant pipeline of • Intention to br
Slide 18: Financials
For personal use only Financials 18 18
Slide 19: Summary Financials
Summary Financials The Group is forecast to deliver $42.2m revenue and $5.6m Pro Forma Gross Profit in FY25F1,2 Revenue ($m)1,2,3 Pro Forma gross profit ($m)1,2,3,4 Commentary For personal use only Revenue CAGR: 16.8% 7.3 • Significant YoY increase in FY23A CAGR: 14.6% driven by projects with major
Slide 20: Summary Financials
Summary Financials The Group is forecast to deliver $2.9m Pro Forma EBITDA and $1.8m Pro Forma NPAT in FY25F1,2,4 Pro Forma EBITDA ($m)1,2,3,4 Pro Forma NPAT ($m)1,2,3 Commentary For personal use only EBITDA CAGR: 28.4% 4.6 • FY24A impacted by investment in CAGR: 29.0% 3.3 non-billable employees to
Slide 21: Appendix 1: Board and Key Management
Appendix 1: For personal use only Board and Key Management 21 21
Slide 22: Board of Directors and Management Team
Board of Directors and Management Team Board and management team with extensive experience in IT services Board of Directors Company Secretary For personal use only Shane Bransby Geoff Lewis Adam Simpson Emma Wates Chief Executive Officer and Managing Director Non-Executive Chair Independent Non-Exe
Slide 23: Q&A
For personal use only Q&A 23 23
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