Slide 1: StepChange Holdings Limited FY26 Half Year Results
StepChange Holdings Limited FY26 Half Year Results 26 February 2026 Shane Bransby Stephen Pacecca Managing Director Chief Financial Officer 1
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by StepChange Holdings Limited (ACN 678 129 756) (Company or StepChange) 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
Slide 3: Contents
Contents 01 Results Summary and Financial Performance 02 Business Highlights 03 Strengths and Opportunities 04 Outlook 05 AI Strategy 3 3
Slide 4: HY26: Results Summary
01 HY26: Results Summary Strong Organic Growth vs Pro-Forma PCP1 Key Metrics1 $24.4M $3.1M $1.95M Revenue (+19%) Gross Profit (+17%) Underlying EBITDA2 (+50%) 12.8% $5.6M ~161 Gross Margins stable (-0.3%) Cash at bank 31 December 2025 Headcount3 Notes: (1) Growth in financial metrics outlined are co
Slide 5: Revenue Growth & Profitability
Revenue Growth & Profitability Demonstrating scalable revenue growth with disciplined cost management Actual Proforma Commentary AUD ($,000) HY26 HY251 Revenue Growth Driven by Organic Expansion Revenue 24,363 20,433 • Growth achieved entirely organically through expansion Gross Profit 3,130 2,677 w
Slide 6: EBITDA Bridge – Statutory to Normalised
EBITDA Bridge – Statutory to Normalised Strong underlying operating momentum with 49% EBITDA growth vs pro-forma PCP AUD $,000 181 1951 636 554 580 EBITDA Share Base Payments Transaction Costs M&A Underlying EBITDA1 Notes: (1) Reconciliation to Underlying EBITDA. Underlying EBITDA is financial measu
Slide 7: Balance Sheet Strength Supports Growth
Balance Sheet Strength Supports Growth Financial flexibility maintained while investing in growth Actual Pro-forma Commentary AUD ($,000) HY26 HY251 • Strong cash position with solid operation cash Cash 5,583 3,187 • $10m Westpac acquisition facility secured Trade Receivables 3,174 4,413 • Deferred
Slide 8: HY26 Business Highlights
02 HY26 Business Highlights Disciplined execution across strategy, capability and capital since listing (July 2025) Successful listing Delivered 19% organic Established US Secured $10m on ASX revenue growth operations in Houston Westpac facility Appointed CFO Appointed GM Completed BroadReach Stephe
Slide 9: BroadReach Acquisition
BroadReach Acquisition Expanding ICT capability & enhancing cross-sell opportunities across SAP Strategic Rationale Financial Profile FY25 • Adds ~40 senior ICT advisory consultants • Revenue: $8.96m • Strengthens enterprise architecture & strategy capability • Normalised EBITDA: $0.86m • Expands WA
Slide 10: Competitive Strengths
03 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/4
Slide 11: Clear Pathways for Growth
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 of
Slide 12: FY26 Outlook
04 FY26 Outlook Focused on execution and sustainable earnings growth 01 02 03 Entering 2H with increased scale BroadReach contributing from Consultant base has grown to 200+ and capability January 2026 following BroadReach integration 04 05 06 Continued demand across SAP, On track to deliver FY26 fo
Slide 13: AI Strategy – Human First
05 AI Strategy – Human First AI Consultant Embedded Business Change Management Over 100 Methods across 40 Business Functions Agile PMO Embedded Program/Project Assurance Enhanced Change Management 13
Slide 14: AI Strategy – Enhancing Delivery Efficiency
AI Strategy – Enhancing Delivery Efficiency Better Quality − AI doesn’t just speed up work – it elevates it MODEL MODEL Human-Only AI Augmented RESEARCH DEPTH RESEARCH DEPTH 40% Higher quality scores for AI-augmented consultants versus Limited to sources analysts can read Thousands of sources synthe
Slide 15: Economies of Scale – More clients. Fewer resources. Lower cost.
AI strategy – Improving Margins Economies of Scale − More clients. Fewer resources. Lower cost. Cost Per Insight – Traditional Versus AI Augmented Reusable AI Infrastructure Traditional AI-Augmented Models, prompts, and pipelines built for one client are refined and redeployed across sectors, compou
Slide 16: Q&A
Q&A 16 16
Slide 17: 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 Shane Bransby Geoff Lewis Adam Simpson Emma Wates Chief Executive Officer and Managing Director Non-Executive Chair Independent Non-Executive Director Compan