Slide 1: H1 2021 Presentation
H1 2021 PRESENTATION
Slide 2: Group's Management Team
Group’s Management Team Sword Group - September 21 2
Slide 3: Organisation | Management Team
Organisation | Management Team Phil Norgate CEO Dave Bruce Dieter Rogiers Nick Scully Jacques Mottard M&A Advisor </> </> MIDDLE EAST TEXAS RISK COMPLIANCE & SWITZER- UK BELUX GREECE INDIA LAND COO Kevin Moreton Craig Swinburn Michel Bonvoisin Gregory Carayannis Keith Ricketts Matt Sharpe Nasser Ham
Slide 4: Group's Offer
Group’s Offer Sword Group - September 21 4
Slide 5: Group's Offer | Software & IT Services
Group’s Offer | Software & IT Services SERVICES SOFTWARE Creating Value through technology & improvement Adding Value through innovative software solutions Application Data & Content AI & Development Analytics Services Automation VENUE GRC Infrastructure & Enterprise Communication Managed Modern Ser
Slide 6: Leadership
Leadership GRC #1 in Risk Management worldwide Software UK #1 in Oil & Gas sector in Scotland Services BELUX #1 in new contracts with the EU Services Switzerland #3 IT Services company in French-speaking Switzerland Services Middle East Reach 5 Continents from 2 Offshore platforms Services
Slide 7: Governance Risk & Compliance
HIGHLIGHTS 4 Offices: Kuala Lumpur, London, Melbourne, Washington #1 in Project Risk Management Worldwide 2021 TRENDS GOVERNANCE €20m+ Revenue RISK & COMPLIANCE +20%+ Organic Growth at constant perimeter and constant exchange rates 27%+ EBITDA Margin
Slide 8: Sword GRC Software
Sword GRC Software </> Software 2021 Highlights: Strong recovery from EBITDA & Revenue performance Global downturn and Global success very well placed to North & South America, Europe, Middle launch and deliver new East, Asia, Australia and New Zealand solutions from Sword Customer retention
Slide 9: Sword GRC | Growth Opportunities
Sword GRC | Growth Opportunities </> Software Extensive R&D Initiative: Current Innovate or get left behind Capitalise on market opportunity status Targeting 50 extra development staff of increased focus on risk Hiring close to completion management, heightened by New development has comme
Slide 10: UK Highlights
HIGHLIGHTS 7 Offices: Aberdeen, Edinburgh, Glasgow, Houston, London, Perth, Staines #1 in the Oil & Gas Sector in Scotland UK 2021 TRENDS €75.0m+ Revenue +20.0% Organic Growth at constant perimeter and constant exchange rates 13.0% EBITDA Margin
Slide 11: Sword UK Services
Sword UK Services Services Revenue by Sector Diversification 76% 70% Our diversification is 20% well under way with 12% 10% 13% strong growth in the 2020 2021 finance sector 2020 2021 2020 2021 UK £42m £45.3m £6.5m £6.5m £7m £13.5m Energy Public Finance/Other #1 in the Oil & Gas Sector in Scotland R
Slide 12: Sword UK Services | Growth Opportunities
Sword UK Services | Growth Opportunities Services A strong business Current Team capable of delivering double digit growth Deliver revenues across all status De-risked portfolio sectors whilst reducing overall Leading international clients dependency on energy Keep IT / Grow IT / Win More
Slide 13: BeLux-Greece & Tipik
HIGHLIGHTS 4 Offices: Athens, Barcelona, Brussels, Luxembourg Top player in application services and communication services at the European Institutions 2021 TRENDS BELUX-GREECE €58.0m+ Revenue & TIPIK +17.0% Organic Growth at constant perimeter and constant exchange rates 9.0% EBITDA Margin
Slide 14: Sword BeLux-Greece & Tipik Services
Sword BeLux-Greece & Tipik Services Services FACTS Key player @ the European Institutions > 30 European Framework Contracts > 50 Customers 2021-2025 Objectives Organisational New offering > €250m Commercial & Financial Teams in BeLux New signed contracts > €150m Nearshore Operations in
Slide 15: Sword Nearshore & Tipik | Boosters
Sword Nearshore & Tipik | Boosters Services Sword Nearshore = Growth Engines Delivery Centers in Athens and Barcelona Low operational costs Nearshore 2021-2022 Objectives Excellent Service Delivery quality Availability of Good Resources Startup of new Framework Contracts Recruitment > 50
Slide 16: Switzerland
HIGHLIGHTS 6 Offices: Freiburg, Geneva, Lausanne, Montreal, Nyon, Sion Top 3 in IT outsourcing companies in CH landscape #1 in Public Sector, Luxury and Int. Org. SWITZERLAND 2021 TRENDS €38.0m+ | €46.0m with AiM Revenue +25.0% | +54% with AiM Organic Growth at constant perimeter and constant exchan
Slide 17: Sword Switzerland Services
Sword Switzerland Services Services Fundamentals Highlights Swiss economy remains robust, Acquisition of AiM Services SA with strong fundamentals and Solid organic growth +20%+ pragmatic support from Federal State. Extended footprint in key sectors through #1 place worldwide for Innovation “Lo
Slide 18: Sword Switzerland | Growth Opportunities
Sword Switzerland | Growth Opportunities Services Top 3 global IT outsourcing partner in French-speaking CH Current Leader in Microsoft Cloud technologies deployment & support status Established Long Term Agreements for 2020-2024 2025: Continuous growth leading Strong recurring revenue (stil
Slide 19: Offshore Global Services Centers & Middle East
HIGHLIGHTS 4 Offices: Beirut, Chennai, Dubai, New-York Middle East & India Reach 5 Continents OFFSHORE GLOBAL €11.0m+ 2021 TRENDS SERVICES CENTERS & MIDDLE EAST Revenue 10.0% Organic Growth at constant perimeter and constant exchange rates 20.0%+ EBITDA Margin
Slide 20: Sword Middle East & India Services
Sword Middle East & India Services Services H1 2021 Highlights Booming Near/Offshore Market A Robust business New 5 years LTA with UNICEF maintaining Growth & Strong Profitability Profitability High Business resilience to the Pandemic (Customer retention = 100%) New Signatures in UAE & Sin
Slide 21: Sword Middle East & India | Growth Opportunities
Sword Middle East & India | Growth Opportunities Services Customers over 5 continents Current Multinational blue chip clients status Focused on growth & high profitability (20%+ EBITDA margin) 2021+: Continue to develop multi- Strong recurring revenue (80%) national prestigious Clients while
Slide 22: Figures
Figures Sword Group - September 21 22
Slide 23: H1 2021 | Key Figures
H1 2021 | Key Figures +20.9% Organic Growth at constant perimeter and constant exchange rates €98.9m H1 2021 Consolidated Revenue 13.3% EBITDA margin Sword Group - September 21 23
Slide 24: H1 2021 | Consolidated Breakdown
H1 2021 | Consolidated Breakdown €m (*) Q1 Q2 H1 Revenue 47.4 51.5 98.9 EBITDA 6.5 6.7 13.2 EBITDA Margin 13.7% 12.9% 13.3% Organic Growth (i) +17.0% +24.7% +20.9% (*) Percentages and amounts are calculated from figures in €k. (i) Organic Growth at constant perimeter and constant exchange rates. Swo
Slide 25: H1 2021 | Consolidated Breakdown
H1 2021 | Consolidated Breakdown €m (*) Group Consolidated Software IT Services Revenue 98.9 9.2 89.7 EBITDA 13.2 2.0 11.2 EBITDA Margin 13.3% 22.1% 12.4% Organic Growth at constant perimeter & constant exchange rates 20.9% 24.7% 20.5% (*) Percentages and amounts are calculated from figures in €k. S
Slide 26: H1 2021 | Consolidated Breakdown
H1 2021 | Consolidated Breakdown €m (*) H1 2021 Revenue EBITDA Margin Organic Growth (i) Governance Risk & Compliance 9.2 22.1% +24.7% SOFTWARE 9.2 22.1% +24.7% BeLux 28.5 9.0% +20.8% Switzerland 18.9 8.9% +30.6% UK 37.4 14.6% +17.6% Middle East & India 4.9 28.5% +7.9% IT Services 89.7 12.4% +20.5%
Slide 27: H1 2021 | PnL
H1 2021 | PnL H1 2021 (i) €k % Revenue 98,945 - Current EBITDA 13,151 13.3% Current EBIT 10,732 10.8% Non Current Profits 415 - Financial Profits 695 - Corporate Tax (1,556) - Net Profit after corporate tax 10,288 10.4% (i) Amortisation: €594k Sword Group - September 21 27
Slide 28: Balance Sheet | Non-Current Assets
Balance Sheet | Non-Current Assets 31 December 30 June (in thousands of €) 2020 2021 ASSETS NON-CURRENT ASSETS Goodwill 52,053 55,302 Other Intangible Assets 10,759 12,283 Property, plant & equipment 1,748 2,593 Assets related to the right of use 6,154 7,775 Investments in associates - - Financial a
Slide 29: Balance Sheet | Current Assets
Balance Sheet | Current Assets 31 December 30 June (in thousands of €) 2020 2021 ASSETS CURRENT ASSETS Trade and other receivables 22,874 22,880 Work in progress 16,905 24,014 Increase WIP: €7m Current tax assets 515 236 Increase Others Assets | Earn out Other assets 5,413 12,765 Sword France cl
Slide 30: Balance Sheet | Financial Debt
Balance Sheet | Financial Debt 31 December 30 June 2020 2021 (In thousands of €) EQUITY AND LIABILITIES EQUITY Share capital 9,545 9,545 Share premiums 70,676 70,676 Reserves 2,547 4,053 Retained earnings 51,382 (44) TOTAL EQUITY – GROUP SHARE 134,150 84,230 Non-controlling interests (minority inter
Slide 31: Cash Flow | Extract
Cash Flow | Extract (in €’000) 30 JUNE 2020 30 JUNE 2021 NET CASH FLOWS FROM OPERATING ACTIVITIES 14.1 1.8 NET CASH FLOWS (ALLOCATED TO) / FROM INVESTMENT ACTIVITIES (5.5) (4.7) NET CASH FLOWS ALLOCATED TO FINANCING ACTIVITIES (14.1) (46.7) Net change in cash and cash equivalents (5.4) (49.5) CASH A
Slide 32: H1 2021 | Net Cash Position
H1 2021 | Net Cash Position 30/06/2021 Net Cash Position : €57.2m (i) 31/03/2021 Net Cash Position : €100.5m (i) (i) Former standard Sword Group - September 21 32
Slide 33: H1 2021 | Backlog
H1 2021 | Backlog [31/03/2021] + [30/06/2021] Backlog: Backlog: €412.0m €412.0m (25.9 months) (25.9 months) Sword Group - September 21 33
Slide 34: H1 2021 Currency | Breakdown
H1 2021 Currency | Breakdown Currency % EUR 29.0% GBP 41.8% CHF 19.8% USD 6.9% Others 2.5% Sword Group - September 21 34
Slide 35: H1 2021 Top 10 Clients
H1 2021 Top 10 | Clients Company Location BP UK | US Canada Life UK 3 1 2 Chrysaor UK DG for Informatics BeLux The first 10 The first client DG for Taxation and BeLux clients represent represents 6.2% Customs Union 33.2% of the H1 of the H1 2021 European Investment BeLux 2021 Consolidated Consolidat
Slide 36: Clients | Presentation -1-
Clients | Presentation -1- GRC Aviation | Airbus, Pratt & Whitney, Lockheed Martin, Rolls Royce Engineering, Construction, Transportation | Skanska, Kiwi Rail, Melbourne Airport, Bechtel, Transport for London, LA Metro, RTA (Dubai) Energy, Mining, Utilities | Duke Energy, Ameren, Savanah Riv
Slide 37: Clients | Presentation -2-
Clients | Presentation -2- UK SERVICES Oil & Gas | Shell, BP, Total, Exxon, Repsol, Harbour Energy, Maersk, Serica Banking/Insurance | Admiral, Generali, NFU Mutual, Bank of England, ANZ Public Sector | NHS (Health), Police, Department of Pensions, Scottish Fire & Rescue SWITZERLAND Luxu
Slide 38: Clients | Presentation -3-
Clients | Presentation -3- APAC Transport | Transurban, Australia Pacific Airport Corporation, Cross River Delivery Authority, Yarra Trams, Sydney Metro, Westconnex, Malaysian Rail Link, Manila Light Rail Energy | Stanmore Coal, Vector Energy, Whitehaven Coal, Evolution Gold, Pembroke Ressourc
Slide 39: Clients | Synthesis
Clients | Synthesis Revenue Average revenue Divisions Number of clients Revenue over … concerned per client SOFTWARE GRC (i) 95% 50 €300k BELUX 75% 7 €1,000k €4,850k SERVICES UK 78% 29 €500k €1,890k SWITZERLAND 76% 16 €500k €1,500k (i) excluding the 2 or 3 clients generating exceptionally around €1m
Slide 40: H1 2021 | Staff
H1 2021 | Staff 2,181 (i) 1,710 331 135 5 Total IT Services Offshore Software Holding (i) 1,886 full time equivalent (FTE) staff (NDBS included) Sword Group - September 21 40
Slide 41: 2021-2024 Business Plan
2021-2024 Business Plan Sword Group - September 21 41
Slide 42: 2021-2024 | Business Plan
2021-2024 | Business Plan €m Extrapolation to 2025 objectives 2021 2022 2023 2024 Revenue | EBITDA 2025 (+10%) per division (**) SOFTWARE GRC 18.6 20.8 23.3 26.1 28.7 36.0 | 12.8 (i) BELUX 56.1 62.8 72.4 81.8 90.0 100.0 | 9.0 (i) GREECE SWITZERLAND 35.4 39.6 44.4 49.7 54.7 56.0 | 6.8 (i) CANADA SERV
Slide 43: Sword Competition
Sword Competition Sword Group - September 21 43
Slide 44: Competition | IT Services
Competition | IT Services CRM ANALYTICS CS AI GIS SEARCH PORTAL SPECIALISTS OPENTEXT 1SPATIAL INCREMENTAL PALANTIR DOCUMENTUM PEAK AI EXAKIS ARX IT ANDURIL GPARTNER THE GROUP NUANCE COMPUTHINK ESRI PS Q ASSOCIATES INDUSTRIES JOUVE GRAPH LAND INC OPTALITIX SMILE MAGELLIUM GENERALISTS ACCENTURE, ARHS,
Slide 45: Competition | Software
Competition | Software GRC VENUE ACUMEN RISK SPECIALISTS BWISE ATTENDIFY RESOLVER EVENTUAOSITY THE RISK DECISIONS ONEPLAN XACTIUM UNGERBOECK GENERALISTS ARCHER, CURA, DNV EASY RISK, IBM ACTIVE NETWORKS, ATOS, AVENTRI, THE OPENPAGES, METRICSTREAM, SAP, EVENTBOOKING, EVENTBRITE, SOCIAL SCHLEUPEN AG, W
Slide 46: Competition | Software -GRC-
Competition | Software -GRC- GRC Sword Group - September 21 46
Slide 47: Sword Group's Share
Sword Group’s Share Sword Group - September 21 47
Slide 48: YTD Dividends and Total Share Return
YTD Dividends | €2.4 + €4.8 Average: +22.4% per year +21% 0% +22% -1% +55% 2017 Total Share 2018 Total Share 2019 Total Share 2020 Total Share YTD 2021 Total Share Return (TSR) Return (TSR) Return (TSR) Return (TSR) Return (TSR) 01/01: €29.04 - 31/12: 01/01: €33.84 - 31/12: 01/01: €29.00 - 31/12: 01
Slide 49: Agenda
AGENDA Sword Group - September 21 49
Slide 50: Financial Calendar
Financial Calendar 31 PUBLICATIONS MEETINGS 25/10/2021 10/03/2022 2021 Q3 Results SFAF Meeting | FY2021 Results 25/01/2022 28/04/2022 2021 Q4 Results Annual Shareholders Meeting | 2021 09/03/2022 FY2021 Results Sword Group - September 21 50
Slide 51: Follow Sword
FOLLOW SWORD sword-group.com @Sword_Group Sword Group @SwordGroup Sword Group Sword Group | 2 rue d’Arlon L-8399 Windhof - Luxembourg SE capital €9,544,965 - B168244