Pennant International Group Plc · LSE:PEN
Pennant International — H1 2025 Earnings Presentation
25 slides from Pennant International's earnings presentation, September 2025
Slide 1: Investor Briefing: Interim Results to 30th June 2025
SEPT 2025 INVESTOR BRIEFING INTERIM RESULTS TO 30th JUNE 2025 2025 © Pennant International Group Plc. All other trademarks are the property of their respective owners. Copyright 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is issued on behalf of Pennant amendment, updating and change. The Company does not Africa or Japan or in any other country where such relating to the Company’s expected operations based on International Group plc (the “Company”) solely for the undertake to provide the r
Slide 3: Presentation Team
PRESENTATION TEAM Philip Walker – Chief Executive Officer • Originated and implemented strategy to transition Pennant from a project based, capital intensive operation to a high margin software and technical services business Darren Wiggins – Chief Financial Officer • Chartered accountant with signi
Slide 4: Executive Summary
EXECUTIVE SUMMARY • GenFly MOD contract slippage impacting FY25 performance • Solid progress executing strategy: • Completed integration of GenS and Analyzer applications, released Q2 • 50% of installed base transitioned to Auxilium • Implementation of ‘go to market’ plan, expanding partnership base
Slide 5: Pennant Overview
PENNANT OVERVIEW WHAT WE DO? WHY IT MATTERS? Provides systems support • Improved mission capability/readiness software, technical To maximize services & training • Enabling data driven decisions operational solutions to highly • Reduce total cost of ownership efficiency regulated industries and majo
Slide 6: How We Operate
HOW WE OPERATE “We ensure mission critical systems are where they are needed, when they are needed and that they work.” We address the market through three key segments: AUXILIUM SOFTWARE TECHNICAL SERVICES TRAINING SOLUTIONS Our software tools are designed to help Our services support all our softw
Slide 7: Pennant Is Repositioning
PENNANT IS REPOSITIONING Recurring, Repeatable & Predictable Revenue Project Based Revenue Software Technical Services Training Solutions • Pennant’s heritage • Strategic shift towards highly scalable software and technical services • Significant installed base model • Repositioning to support after
Slide 8: What We Have Done
WHAT WE HAVE DONE Recurring, Repeatable & Predictable Revenue Project Based Revenue Software Technical Services Training Solutions • Investment of over £7m in Auxilium software • Restructured cost base • Acquired market leading publications software • Rationalised footprint • Developing reseller, ag
Slide 9: Financials
FINANCIALS Copyright 2025 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Slide 10: Highlights
HIGHLIGHTS Adjusted(1) results Statutory results H1 2025 H1 2024 H1 2025 H1 2024 £m £m £m £m Revenue 4.5 7.4 4.5 7.4 EBITDA (1.1) 0.6 (1.2) 0.6 Loss before tax (1.8) (0.2) (2.2) (0.4) Net Assets 6.3 10.5 Net Debt (excluding lease liabilities) (2.1) (1.6) • Year over year trends in line with budget e
Slide 11: Statutory Income Statement
STATUTORY INCOME STATEMENT Income Statement £m H1 2025 H1 2024 Revenue 4.5 7.4 Cost of sales (2.5) (3.9) Gross Profit 2.0 3.5 Exceptional costs (0.2) (0.2) Profit on sale of Land & Buildings 0.1 0.2 Acquired Intangible Amortisation (0.3) (0.3) Other administrative expenses (3.7) (3.5) Administrative
Slide 12: Segmental Revenue Performance
SEGMENTAL REVENUE PERFORMANCE Revenue £m H1 2025 H1 2024 Movement Systems Support Software 1.2 1.2 - Technical services 2.7 3.7 (1.0) Software & Services 3.9 4.9 (1.0) Engineered solutions 0.4 2.4 (2.0) Generic products 0.2 0.1 0.1 Training Systems 0.6 2.5 (1.9) Total Revenue 4.5 7.4 (2.9) - CONFIDE
Slide 13: Software – Annual Recurring Revenue (ARR)
SOFTWARE – ANNUAL RECURRING REVENUE (“ARR”) 2.5 2 1.5 1 Annual recurring revenue (ARR) is the annualised revenue generated from 0.5 software subscriptions and maintenance contracts 0 2021 2022 2023 2024 2025 • Annual recurring revenues (“ARR”) of £2.3 million (2024: £1.9 million), a new high for the
Slide 14: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION £m H1 2025 H1 2024 Current assets 4.6 5.1 Non-current assets 8.2 12.8 Total assets 12.8 17.9 Current liabilities 6.0 6.7 Non-current liabilities 0.5 0.7 Total liabilities 6.5 7.4 Net Assets 6.3 10.5 • As part of the restructuring exercise announced in 2024, certain UK
Slide 15: Cash Generation in the Period
CASH GENERATION IN THE PERIOD Operating Cash Flow • Continued management focus on working capital discipline £m H1 2025 Operating cash before changes in working capital (1.3) • Further investment in the development of our integrated Auxilium software £0.6m (2024: £0.7m) Changes in working capital 0.
Slide 16: Auxilium
AUXILIUM Copyright 2025 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Slide 17: What Is Integrated Product Support (IPS)?
WHAT IS INTEGRATED PRODUCT SUPPORT (IPS)? A strategy to ensure that systems are supported efficiently and effectively throughout its lifecycle. Total Ownership cost - circa Total Ownership cost – 20% Mission XXXX circa 80% Health and safety Mission Systems Development – Asset Systems Support – Opera
Slide 18: Our Solutions in Action
OUR SOLUTIONS IN ACTION “Asset availability starts with data configuration” - CONFIDENTIAL Copyright 2025 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Slide 19: Industry Statistics: Save Time. Reduce Cost. Data Driven Decisions.
INDUSTRY STATISTICS: • Maintenance Downtime Reduction: 20-30% • Lifecycle Cost Savings: 10-25% • System Availability Improvement: 15-40% • Technical Documentation Time Saved: 30-50% • Training Time Reduction: 20-35% • Spare Parts Optimization: 15-25% • Integration Reusability: Up to 98% across PLM,
Slide 20: Why Auxilium?
WHY AUXILIUM? IMPROVED MISSION ENHANCED READINESS REDUCE TOTAL QUALITY & CAPABILITY & RELIABILITY OWNERSHIP COST COMPLIANCE Intelligent Data-Driven Maximizing operational Reduced Costs, Alignment to Decisions, make efficiency, reduce minimize downtime, international standards informed decisions to u
Slide 21: Looking Forward
LOOKING FORWARD Copyright 2024 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Slide 22: Strategic Priorities
STRATEGIC PRIORITIES Recurring, Repeatable & Predictable Revenue Project Based Revenue Systems Support Software Technical Services Training Systems Organic • Winning higher margin after • Expanding reseller, agent and partnership relationships to globally market contracts - servicing expand market c
Slide 23: Software Growth Targets
SOFTWARE GROWTH TARGETS 23% CAGR 2024-2027 Cumulative Net New Users 2025 2026 2027 Direct Indirect Relies on Partnerships - CONFIDENTIAL 23 Copyright 2025 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Slide 24: Outlook
OUTLOOK • Full year 2025 - contracted revenue of £9 million = high confidence of >£10 million • Accelerated growth in Auxilium software ARR via advancement of ‘go to market’ strategy • Pipeline conversion - several Training Systems contracts at advanced bid stage; total contract value > £10m, gives
Slide 25: Copyright 2025 © Pennant International Group Plc. All other trademarks are the property of
Copyright 2025 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Pennant International Group — H1 2025 Earnings Presentation on 6ix