Slide 1: Preliminary figures 2024 & GFT's 5-year strategy
Preliminary figures 2024 & GFT’s 5-year strategy GFT Technologies SE Earnings call | 6 March 2025 © 2025 | GFT Technologies SE and its affiliates. All rights reserved.
Slide 2: Agenda
Shaping the Preliminary figures future of digital 2024 business Agenda 2024 Highlights Marco Santos (CEO) GFT’s 5-year strategy Marco Santos (CEO) Preliminary figures 2024 & Outlook Dr Jochen Ruetz (CFO & deputy CEO) Conclusion Marco Santos (CEO) gft.com 6 March 2025 2
Slide 3: GFT delivers guidance with 10% top-line growth
Shaping the Preliminary figures Highlights future of digital 2024 business GFT delivers guidance with 10% top-line growth Q4 2024 HIGHLIGHTS RESULTS 2024 GUIDANCE 2024 New major deals at DKB in Germany and from Sophos in Core Banking Modernisation at Banco Actinver in Mexico REVENUE REVENUE e 4 stra
Slide 4: GFT AI Impact – Driving Strong Growth
Shaping the Preliminary figures Highlights future of digital 2024 business GFT AI Impact – Driving Strong Growth Generative AI product to improve productivity and accelerate the Software Development Life Cycle (SDLC) Moving from 10 clients in Q3 to 25 new clients in Q4 From 170 licenses in Q3 to
Slide 5: GFT 5-Year Strategy
Shaping the future of digital business GFT 5-Year Strategy gft.com 5
Slide 6: Major Opportunities Ahead
Shaping the future of digital business The 18 potential arenas of tomorrow could generate $29 trillion to $48 trillion in revenues and $2 trillion to $6 trillion in profits. 18 potential Revenue, 2040 (CAGR, Profit, arenas of 2022 estimate 2022-40, %) 2040 tomorrow, by estimate,1 2040 revenue $ bill
Slide 7: Our Vision and Mission
Shaping the future of digital business Our To be the best responsible AI-centric digital transformation company in the world. Vision Mission We bring the best responsible AI-centric digital solutions, software development and technology services to every company in the world. gft.com 7
Slide 8: KPIs Ambition
Shaping the future of digital business Revenue Adj. EBIT High Value Smartshore Growth Margin Added Services vs Onsite to to to to ~ €1.5 billion ~ 9.5% ~ 50% ~ 40% KPIs Ambition gft.com 8
Slide 9: Strategic Goals & Objectives
Shaping the future of digital business 01 02 03 04 Fast Learning, Agile Global | Global AI- Democratize Adaptive and Local | Agentic Centric AI to the Innovative Company Technology communities Organization Market Leader Strategic Goals & Objectives gft.com 9
Slide 10: Strategic Initiatives and Contribution to KPIs Ambition
Shaping the future of digital Strategic Initiatives and Contribution to KPIs Ambition business Revenue Adj. EBIT High Value Smartshore Growth Margin Added Services vs Onsite to to to to ~ €1.5 billion ~ 9.5% ~ 50% ~ 40% Transform from Federated to High High High Mid Hyper Efficient Global & Local Co
Slide 11: Strategic Initiatives and Contribution to KPIs Ambition
Shaping the future of digital Strategic Initiatives and Contribution to KPIs Ambition business Revenue Adj. EBIT High Value Smartshore Growth Margin Added Services vs Onsite to to to to ~ €1.5 billion ~ 9.5% ~ 50% ~ 40% Implement Global Business Development Platform: High High High Low Focus on High
Slide 12: Taking GFT Brand and Positioning to the Next Level
Shaping the future of digital Taking GFT Brand and Positioning to the Next Level business From: To: Big enough to deliver, small enough to care Let‘s Go Beyond gft.com 12
Slide 13: Agenda
Shaping the Preliminary figures future of digital 2024 business Agenda 2024 Highlights Marco Santos (CEO) GFT’s 5-year strategy Marco Santos (CEO) Preliminary figures 2024 & Outlook Dr Jochen Ruetz (CFO & deputy CEO) Conclusion Marco Santos (CEO) gft.com 6 March 2025 13
Slide 14: Solid growth trajectory successfully continued
Shaping the Preliminary figures Financials future of digital 2024 business Solid growth trajectory successfully continued in €m 2024 2023 ∆ Revenue growth of 10% Revenue 870.92 788.87 * 10% Order backlog significantly above previous year (Sophos: €30m) Order backlog 503.12 378.74 ** 33% Adjust
Slide 15: Growth driven by all sectors
Shaping the Preliminary figures Financials future of digital 2024 business Growth driven by all sectors Well-balanced client portfolio Growth in banking and industry; Largest client with 14% of total revenue insurance sector recovered 14% 870.92 16% 40% 788.87 * +10% 10% 41% 11% 15% +1% 2024 16% ver
Slide 16: Growth acceleration in Q4 2024
Shaping the Preliminary figures Financials future of digital 2024 business Growth acceleration in Q4 2024 Revenue* in €m Adjusted EBIT** in €m 225.38 21.19 21.37 212.39 217.24 215.91 20.33 203.75 18.51 17.23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q4/24 vs. Q4/23 +11% primarily
Slide 17: Revenue and earnings by segment
Shaping the Preliminary figures Financials future of digital 2024 business Revenue and earnings by segment Revenue in €m 870.92 GFT Group: Adjusted EBIT** in €m GFT Group: 788.87* Organic growth +6% +4% 73.33 77.44 org: 9%/total: 13% 375.73 333.05 31.71 34.19 -7% Continental Europe Americas, UK & AP
Slide 18: Revenue by markets
Shaping the Preliminary figures Financials future of digital 2024 business Revenue by markets Brazil and almost all European markets continue to drive growth share in % YTD in €m ∆% Brazil* 16% 142.58 18% ↗ 120.76 142.58 Germany 13% 115.63 12% ↗ 103.38 115.63 Spain 12% 101.71 14% ↗ 101.71 89.13 UK 1
Slide 19: High level of trust reflected by 116 new qualified clients
Shaping the Preliminary figures Financials future of digital 2024 business High level of trust reflected by 116 new qualified clients Revenue 2024 2023 2022 2021 2020 2019 < €1.0m 537 436 364 370 344 231 > €1.0m 68 61 55 54 44 51 > €5.0m 21 14 13 12 13 7 > €10.0m 19 22 22 12 7 7 Total 645 533 454 44
Slide 20: Income statement – Robust earnings performance
Shaping the Preliminary figures Financials future of digital 2024 business Income statement – Robust earnings performance Solid organic revenue trend supported by growing in €m 2024 2023 ∆% demand for AI solutions, particularly in the banking Revenue 870.92 788.87* 10% sector Other operating incom
Slide 21: Cash flow analysis – Strong operating cash flow
Shaping the Preliminary figures Financials future of digital 2024 business Cash flow analysis (€m) – Strong operating cash flow Net cash down to €-42.53m (31/12/2023: 31/12/2023 2024 31/12/2024 €4.39m) mainly resulting from the Sophos acquisition | undrawn credit lines at €51.20m (31/12/2023: €46.
Slide 22: Balance sheet – Characterised by Sophos acquisition
Shaping the Preliminary figures Financials future of digital 2024 business Balance sheet (€m) – Characterised by Sophos acquisition Balance sheet total up by 16% to 652.65 652.65 Equity currency-adjusted up by €652.65m (31/12/2023: €562.52m), €32.12m (+13%); mainly net profit of mainly due to So
Slide 23: Utilisation normalised
Shaping the Preliminary figures Financials future of digital 2024 business Utilisation normalised Employees (FTE) Utilisation* Attrition* 11,304 11,506 10,626 10,772 91.7% 91.4% 91.6% 11.0% 10.7% 89.9% 89.9% 10.3% 9.8% 9.8% 9,134 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q4/23 Q1/2
Slide 24: Growth trajectory continues, earnings expectation reflects future investments
Shaping the Preliminary figures Outlook future of digital 2024 business Growth trajectory continues, earnings expectation reflects future investments and higher personnel costs RESULTS 2024 GUIDANCE 2025 Solid organic revenue growth Market recovery expected REVENUE REVENUE e € 871m ~ € 930m EB
Slide 25: Additional milestones for 2025
Shaping the Preliminary figures Outlook future of digital 2024 business Additional milestones for 2025 RESULTS 2024 MILESTONES 2025 Financial stability and flexibility to be maintained FREE CASHFLOW ADJ.* FREE CASHFLOW ADJ.* Higher investments to support future growth included € 55.6m ~ € 45m
Slide 26: Mid-term targets 2029
Shaping the Budget 2025figures Preliminary Outlook future of digital 2024 business Mid-term targets 2029 RESULTS 2024 TARGETS 2029 Continued revenue growth Organic growth picking up after market recovery REVENUE REVENUE e Bolt-on acquisitions of high-value-adding services companies in existing
Slide 27: Conclusion
Shaping the future of digital business Conclusion • We delivered 2024 and we have the core capabilities and differentiation for further growth • There is a major opportunity for GFT as the AI software & services market is expected to grow massively over next years • We have a comprehensive GFT's 5-Y
Slide 28: Backup
Shaping the Preliminary figures future of digital 2024 business Backup gft.com 6 March 2025 28
Slide 29: Efficient global delivery model ensures proximity to our clients
Shaping the Preliminary figures Backup future of digital 2024 business Efficient global delivery model ensures proximity to our clients Continental Europe France 60% Germany Americas, UK Italy North America & APAC Spain Canada Switzerland Mexico Poland USA APAC United Kingdom Hong + Pune Kong India
Slide 30: Gen AI becomes an integral part of the overall GFT offering
Shaping the Preliminary Backup future of digital figures 2024 business We enable our clients to boost their productivity Gen AI becomes an integral part of the overall GFT offering. INNOVATION NEW TECHNOLOGIES CORE BUSINESS EFFICIENT STANDARD SOLUTIONS Agentic AI Data & AI Platform modernisation E
Slide 31: GFT AI Impact
Shaping the Preliminary figures Backup future of digital 2024 business AI.DA MARKETPLACE PRODUCT UPDATE GFT AI Impact Proven results in clients Improvement analysis of traditional SDLC stages versus projects with GFT AI Impact 85% Improvement in time and 50% Faster for creating unit 80% Increase spe
Slide 32: Sophos M&A – GFT among the top providers across LATAM
Shaping the Preliminary figures Backup future of digital 2024 business Sophos M&A – GFT among the top 3 providers across LATAM STRATEGIC BENEFITS SOPHOS CONTRIBUTION FY 2024 New hub for core banking solutions, AI and cloud modernisation in Americas Expanded delivery capacity and talent pool with
Slide 33: Results at a glance per quarter
Shaping the Preliminary Backup future of digital figures 2024 business Results at a glance per quarter in €m Q1/2023 Q2/2023 Q3/2023 Q4/2023 FY2023 Q1/2024 Q2/2024 Q3/2024 Q4/2024 FY2024 Revenue* 187.69 197.73 199.70 203.75 788.87 212.39 217.24 215.91 225.38 870.92 EBITDA 19.89 20.66 24.94 24.27 89.
Slide 34: Consolidated balance sheet
Shaping the Preliminary Backup future of digital figures 2024 business Consolidated balance sheet Assets Equity and liabilities in € 31/12/2024 31/12/2023 ∆% in € 31/12/2024 31/12/2023 ∆% Non-current assets Shareholders’ equity Goodwill 230,351,781.92 162,791,888.17 42% Share capital 26,325,946.00 2
Slide 35: Consolidated income statement
Shaping the Preliminary Backup future of digital figures 2024 business Consolidated income statement in € 2024 2023 ∆% Revenue 870,920,110.28 788,870,728.29 * 10% Other operating income 28,349,087.56 16,266,122.00 74% Cost of purchased services -111,165,519.69 -106,210,782.59 5% Personnel expenses -
Slide 36: Consolidated statement of comprehensive income
Shaping the Preliminary Backup future of digital figures 2024 business Consolidated statement of comprehensive income in € 2024 2023 ∆% Net income for the year 46,479,504.51 48,364,535.70 -4% Items that will not be reclassified to the income statement Actuarial gains/losses from pensions (before tax
Slide 37: Consolidated statement of changes in equity
Shaping the Preliminary Backup future of digital figures 2024 business Consolidated statement of changes in equity Share capital Capital reserve Retained earnings * Other reserves Total equity Currency in € translation Balance at 1 January 2023 26,325,946.00 42,147,782.15 137,572,498.80 -4,964,588.7
Slide 38: Consolidated cash flow statement
Shaping the Preliminary Backup future of digital figures 2024 business Consolidated cash flow statement in € 2024 2023 ∆% Net income for the year 46,479,504.51 48,364,535.70 -4% Income taxes 18,533,781.55 19,637,767.65 -6% Financial result 5,975,919.41 394,939.34 >100% Income taxes paid -29,677,614.
Slide 39: Segment report
Shaping the Preliminary Backup future of digital figures 2024 business Segment report Americas, UK & APAC Continental Europe Total segments Reconciliation GFT Group in € thsd. 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 External revenue 494,282 454,901 * 375,729 333,054 870,011 787,955 * 909 9
Slide 40: Revenue and earnings growth by segment
Shaping the Preliminary figures Backup future of digital 2024 business Revenue and earnings growth by segment in €m Revenue Growth rates EBIT adjusted** 2024 2023 Organic M&A FX Total 2024 2023 ∆% Americas, UK & APAC 494.28 454.90 * 0% 11% -2% 9% 51.51 47.04 10% Continental Europe 375.73 333.05 9% 3
Slide 41: Calculation adjusted EBIT 2024
Shaping the Preliminary Backup future of digital figures 2024 business Calculation adjusted EBIT 2024 in thsd. € 2024 2023 Revenue 870,920 788,871* EBIT adjusted 77,437 73,329 M&A Amortisation PPA -7,917 -5,155 M&A Acquisition related and integration costs 0 -469 Share-price related effects from mea
Slide 42: Reclassification of sales-related Brazilian taxes
Shaping the Preliminary Backup future of digital figures 2024 business Reclassification of sales-related Brazilian taxes GFT has adapted its method of presenting Brazilian taxes directly associated with revenue. Previously, sales-related Brazilian taxes were reported in the income statement within
Slide 43: Shaping the future of digital business
Shaping the future of digital business Dr Jochen Ruetz Andreas Herzog Nicole Schüttforth CFO & Deputy CEO Head of IR/CSR Senior IR Manager T +49 711 62042-422 T +49 711 62042-323 T +49 711 62042-387 jochen.ruetz@gft.com andreas.herzog@gft.com nicole.schuettforth@gft.com © 2025 | GFT Technologies SE