Pebble Beach Systems Group Plc · LSE:PEB
Pebble Beach Systems — H1 2026 Earnings Presentation
21 slides from Pebble Beach Systems's earnings presentation, Sep 9, 2026
Slide 1: Pebble Beach Systems Group plc Interim Results
Pebble Beach Systems Group plc Interim Results for six months ended 30 June 2026 9 September 2026 25 years of industry-leading experience
Slide 2: Presentation Team
Presentation Team Tom Crawford Peter Mayhead Paul Inzani Chairman CEO Head of Finance • Joined Group as Chairman in • Appointed CEO in January • Joined Group as Head of December 2025. 2018. Joined Group as CFO Finance in 2021. in 2013. • 25 years+ experience of • Wide-ranging financial and software
Slide 3: Business Overview
Business Overview Pebble designs, integrates and supports advanced workflow automation systems for the broadcast market Trusted by leading broadcasters and streamers globally • Highly trusted brand - 25 years of developing and supporting feature-rich, flexible playout solutions that are mission-crit
Slide 4: Product Overview
Product Overview pebble Mission-critical broadcast automation software for live television and streaming Pebble software is the engine behind everything a viewer sees and hears KEY CHARACTERISTICS Schedules programmes – cues adverts – overlays graphics – manages live feeds Flexible deployment • Prec
Slide 5: Key Highlights H1 2026
Key Highlights H1 2026 Strong profits growth, strengthened balance sheet, and well placed for growth • Very encouraging H1 performance - benefited from: Adj. EBITDA – favourable timing of software licence sales (high gross margin and recognised on delivery) margin 37% – strong project revenue up 19%
Slide 6: H1 2026 Operational Highlights
H1 2026 Operational Highlights Significant new customer wins Asia-Pacific Broadcasting+ Awards 2026 • Four major new customer wins: Gross Profit Margin up – Streaming company based in US 77.5% (2024: – Streaming company based in Romania 72.%) – Tier 1 broadcaster based in Singapore Winner in Multi-C
Slide 7: Financial Highlights
Financial Highlights All KPIs higher £m H1 26 H1 25 Change New orders 6.3 5.8 +9% • Very healthy increase in new orders, up 9% Total revenue 6.5 5.9 +10% • Favourable timing of software licence sales Support and maintenance (SLAs)1 3.44 3.25 +6% and strong project order intake Software licences2 1.4
Slide 8: H1 2026 Revenue Analysis
H1 2026 Revenue Analysis Revenue by Type Recurring Revenue by Order Intake by (excluding third-party hardware) Customer Longevity Order Type 7.0 19% 17% 6.0 5.0 3.1 2.5 H1 2026 H1 2026 4.0 57% 3.0 24% 1.4 2.0 2.0 83% 1.0 1.8 1.3 - H1 26 H1 25 5+ Years Under 5 years Update to existing system New proj
Slide 9: H1 2026 Summary Income Statement
H1 2026 Summary Income Statement Profitability significantly improved £m H1 26 H1 25 Total revenue 6.5 5.9 • Total revenue includes recurring revenue of £3.4m (H1 2025: £3.3m) Cost of sales (1.1) (1.4) • Reduced operating expenses reflected lower headcount Gross profit 5.4 4.5 following the strategi
Slide 10: Cash Generation
Cash Generation Strong cash generation £m H1 26 H1 25 Adj. EBITDA 2.5 2.0 • Reduced overheads (following strategic restructuring in Q1 2025) and favourable Increase in working capital (0.7) (0.1) revenue mix drove EBITDA improvements Cash generation from operations 1.8 1.9 • R&D capitalisation more
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet £’000 Consolidated At 30 Jun At 30 Jun 2026 2025 Non-current assets Intangible assets 6,200 5,850 Substantially strengthened Property, plant and equipment 182 330 Deferred tax asset 540 - balance sheet Other non-current assets 12 12 Total non-current assets 6,934 6,192 • G
Slide 12: Competitive Landscape
Competitive Landscape ❑ Playout automation market: $2.9bn in 2023 $6.1bn by 2028 I CAGR 15.8% (Source: MarketsandMarkets) ❑ Market consolidating, reducing the number of specialists END-TO-END PROVIDERS B E S T - O F - B R E E D AU T O M AT I O N C L O U D - N AT I V E / F AS T * Grass Valley, Imagin
Slide 13: Growth Strategy
Growth Strategy Driving growth and quality of earnings through higher levels of long-term, recurring revenue High-quality recurring Increase market share in Streaming market Product evolution revenue core broadcast market opportunity • Continue to grow high-margin, recurring revenues - support and m
Slide 14: Summary and Outlook
Summary and Outlook Well positioned for further progress • Very encouraging H1 trading performance – profitability significantly improved • Balance sheet is much stronger, and net cash position expected by the end of 2026 • Highly experienced management team – financial position should continue to i
Slide 15: Supplementary Information
Supplementary Information - Customer Base - Case Study - Financial Information - The Board - Major Shareholders - Glossary of Terms
Slide 16: 'Sticky', Blue-chip Customer Base
‘Sticky’, Blue-chip Customer Base Global customers MARKET IS B R O AD C AS T E R S S E R V I C E P R O V I D ER S S T R E AM E R S EMERGING Tier 1 national and international Managed playout and media services Streaming platforms moving into live broadcasters requiring complex, multi- providers servi
Slide 17: Case Study: Long-term customer upgrades to Pebble Automation in 2026
Case Study Long-term customer upgrades to Pebble Automation in 2026 • 2009 – initial £0.5m order placed by national broadcaster based in the Middle East for Neptune System • Support contract continuously in place from project ‘go live’ £3.1m Total orders • 2026 - £1.4m order secured to upgrade syste
Slide 18: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows H1 26 H1 25 £’000 Cash flows from operating activities Cash generated from operations 1,666 1,851 Interest paid (134) (206) Taxation paid (4) (4) Exceptional items (33) (625) Net cash generated from operating activities 1,495 1,016 Cash flows from investing activ
Slide 19: The Board
The Board Tom Crawford Peter Mayhead Richard Logan Oliver Scott Chairman CEO NED (Snr. Independent) NED Tom joined the Company Peter was appointed as Richard was appointed to Oliver was appointed to as Chairman in December CEO in January 2018, the Board in 2020. the Board in 2026 as a 2025. having j
Slide 20: Major Shareholders
Major Shareholders MAJOR SHAREHOLDERS % SHAREHOLDING Kestrel Partners LLP 24.24% Dowgate Capital 10.03% Interactive Investor 7.98% Bob Morton 7.76% Hargreave Lansdown Nominees Limited 7.57% AJ Bell, Stockbrokers 3.74% 20 20
Slide 21: Glossary of Terms
Glossary of Terms Playout Automation – is the software-driven technology that automatically schedules, manages and delivers television or radio content to air without manual intervention. It controls the seamless, 24/7 playback of programmes, advertisements and graphics, ensuring reliable broadcasti
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