Slide 1: FY 2024 Presentation
SWORD GROUP FY 2024 Presentation 12 March 2025 Sword Group - March 25 1
Slide 2: At a Glance
At a Glance Organisation Offer Divisions at a Glance Strategic Plan Figures Sword Group’s Share Financial Key Dates Sword Group 2
Slide 3: At a Glance
At a Glance Sword Group | 3
Slide 4: A global Leader in Technology Transformation
At a Glance A global Leader in Technology Transformation International 1000+ customers 3 offshore | Successful, Growing, Financially Secure Group in over 50 nearshore founded in and Listed 2000 countries support centres Sword Group has been making world-leading organisations more efficient and more
Slide 5: Dependable, digital IT transformation solutions that reduce costs and increase productivity
FY 2024 Dependable, digital IT transformation solutions that reduce costs and increase productivity Consolidated Revenue | €323.0m 3,211 people | 36 nationalities EBITDA Margin | 12.0% Consolidated Revenue by Region Consolidated Revenue by Market Others (Bank, Finance Health, Other | 6.0% Insurance,
Slide 6: Track Record
Track Record YEAR 2018 2019 2020 2021 2022 (i) 2023 (iii) 2024 Revenue €M 194.3 213.2 212.5 214.6 265.7 281.6 323.0 % Current EBITDA 14.0% 13.4% 13.9% 13.6% 12.5% 12.3% 12.0% % Organic Growth (ii) +18.3% +20.7% +9.2% +21.5% +26.3% +19.0% +15.9% Staff at 01/01/xxxx 2,030 2,067 2,337 1,902 2,329 2,723
Slide 7: Organisation
Organisation Sword Group | 7
Slide 8: Organisation | Management Team | Operations
Organisation | Management Team | OPERATIONS Jacques MOTTARD EXECUTIVE CHAIRMAN CEO Kevin MORETON Dieter ROGIERS Olivier PERROTEY Nasser HAMMOUD BUSINESS UNITS DIRECTORS FULLY OWNED UK | US BENELUX | GREECE SWITZERLAND MIDDLE EAST & INDIA SPAIN | EU UK | US FINANCIAL PUBLIC Grant Alexander PUBLIC SEC
Slide 9: Management Team | Central Functions
Organisation | Management Team | CENTRAL FUNCTIONS Kevin MORETON CEO Greg ANDERSON Andrew THOM David HOWE Jacques MOTTARD CAIO CISO CSO IEO Glossary: CAIO Chief Artificial Intelligence Officer Stéphanie DESMARIS CISO Chief Information Security Officer CSO Chief Sustainability Officer Head of IEO Int
Slide 10: Management Team | Finance
Organisation | Management Team | FINANCE Philippe BLANCHE Group CFO Philippe BLANCHE CFO Lalitha BALAKRISHNAN Laurence BLANC Olga SLAMENKAITE Patrick ZBINDEN aa. BeNeLux | Greece | India Consolidation UK | US Switzerland | Middle-East Spain Sword Group 10
Slide 11: A High-Performance, Committed Management Organisation
A High-Performance, Committed Management Organisation Total involvement of all operational players (CEOs, COOs and BUDs) A new Group’s CFO, formerly CFO of our Belux division Profitable central functions Creation of the IEO role Sword Group 11
Slide 12: Offer
Offer Sword Group 12
Slide 13: Group's Offer | Software Components & IT Services
Group’s Offer | Software Components & IT Services SERVICES SOFTWARE COMPONENTS Creating Value through technology & improvement Adding Value through innovative software components solutions Application Data & Content AI & Development Analytics Services Automation Infrastructure & Enterprise Cyber Man
Slide 14: Certifications in the Group
Certifications in the Group Information & Environmental Project & Quality Security Technology H&S Management Management Systems ISO 9001: 2015 ISO 27001: 2013 ISO 20000-1: 2018 ISO 45001: 2018 ISO 14001: 2015 Sword Group 14
Slide 15: Divisions at a Glance
Divisions at a Glance Sword Group 15
Slide 16: UK | US | Ireland: Vision 2028
Vision 2028 OUR MODEL FOR DELIVERY: To deliver Vision 2028, we have created a SECTOR MODEL supported by a DIGITAL PLATFORM business, with a developed INTERNATIONAL FOOTPRINT SECTOR DIGITAL INTERNATIONAL UK | US | IRELAND MODEL PLATFORM FOOTPRINT We specialise and are respected We’ve scaled our Digit
Slide 17: UK | US | Ireland: Vision 2028 - Progress 2024
Vision 2028 - Progress 2024 To deliver Vision 2028, we have created a SECTOR MODEL supported by a DIGITAL PLATFORM business, with a developed INTERNATIONAL FOOTPRINT ENERGY UK | US | IRELAND PUBLIC SERVICES FINANCIAL SERVICES Maintaining position in Oil and Focus on local government and Working with
Slide 18: Business Development in 2025
Business Development in 2025 SECTOR ENERGY PUBLIC SECTOR FINANCIAL SERVICES UK | US | IRELAND Maintaining position in Oil and Gas and Focus on transformation using AI and Cyber security and regulation driving develop growing renewables market Digital transformation Cyber Security demand significan
Slide 19: Key Project Energy | RockRose Asset Transfer
Key Project Energy | RockRose Asset Transfer Estimated deal value over 3 years of £14m Asset transfer project for Rockrose to transition multiple offshore assets from Shell UK Creating from scratch a fully operational IT function – minimal viable product for day 1 UK | US | IRELAND Supporting 45
Slide 20: Key Project Financial Services | Moneycorp
Key Project - Financial Services | Moneycorp - Building a digital US bank in 6 months UK | US | IRELAND Context: UK financial services utilising Easy to handle: A cohesive operating outdated brownfield systems environment - Unified Cyber/IT/Network Operations Primary need: Infrastructure that
Slide 21: Transforming Falkirk Council's Data Strategy
Public Sector | Transforming Falkirk Council’s Data Strategy Over the last 2 years we have transformed Falkirk Council’s data strategy into a modern data platform. This platform significantly improved decision-making processes by providing real-time, accurate data COST REDUCTION UK | US | IRELAND
Slide 22: Switzerland | Canada: Vision 2028
Vision 2028 OUR MODEL FOR DELIVERY CEO Olivier To deliver Vision 2028, we deploy a SECTOR MODEL offering GLOBAL OUTSOURING with an extended INTERNATIONAL NETWORK MANAGED SERVICES / WESTERN CH CENTRAL CH INTERNATIONAL INDUSTRIES CENTRE OF REGIONAL AGENCIES EXPERTISE IDO SIO INC MTL CSI OPS SWITZERLAN
Slide 23: Switzerland | Canada: Vision 2028 - Progress 2024
Vision 2028 - Progress 2024 To deliver Vision 2028, we deploy a SECTOR MODEL offering GLOBAL OUTSOURING with an extended INTERNATIONAL NETWORK SWITZERLAND | CANADA KEY GLOBAL GEOGRAHICAL SECTORS OUTSOURCING FOOTPRINT Consolidate our position Additional service offerings Linking Swiss activities to t
Slide 24: Business Development in 2025
Business Development in 2025 SWITZERLAND | CANADA SECTOR SPORT PUBLIC SECTOR & UN FINANCIAL SERVICES Seize new opportunities on the Sport & Develop the 4 layers: City, State, Cyber security and regulation Entertainment consolidated market Federal and International (UN) driving transformation OPPORTU
Slide 25: MIRIS for the WIPO (United Nation Agency)
MIRIS for the WIPO (United Nation Agency) SUCCESS STORY… BUSINESS CHALLENGE MIRIS is the core component of the Madrid IT systems SWITZERLAND | CANADA Custom-built application to support internal processes in relation to trademark applications Lifecycle & processing of changes to existing trade
Slide 26: Benelux | Greece | Spain | EU: Vision 2028
Vision 2028 OUR ORGANISATIONAL MODEL To deliver Vision 2028, we enhance our core business, combine the expertise in digital communications to win new contracts within our client-base, and target National private markets BENELUX | GREECE | SPAIN | EU EU Institutions, National Government Digital Agenc
Slide 27: Business Development in 2025
Business Development in 2025 To fulfil Vision 2028, we are capitalising our CORE EXPERTISE, and we are expanding to new business areas and services. BENELUX | GREECE | SPAIN | EU PROFESSIONAL SERVICES Border Control & Patents & IP Customs & Taxation Initiating professional Security Expand our presen
Slide 28: European Agencies - EUROCONTROL
European Agencies - EUROCONTROL New Success Story…. Eurocontrol BENELUX | GREECE | SPAIN | EU European Organisation for the Safety and Management of Air Navigation Business Challenges Delivering State-of-the-Art services for better mobility Maintaining and improving Critical Eurocontrol Systems No
Slide 29: European Institutions - eu LISA - ETIAS
European Institutions - eu LISA - ETIAS Another success Story…. BENELUX | GREECE | SPAIN | EU ETIAS Project European Travel Information and Authorisation System Applicant’s Health and security screening Visa exempt third-country nationals will apply for valid authorisation before crossing Sche
Slide 30: India | Middle-East | Canada: Vision 2028
Vision 2028 To realise Vision 2028, we are expanding our Offshore Services into new international OUR GLOBAL SUPPORT MODEL FROM OFFSHORE LOCATION markets while reinforcing our presence in the Middle East. Additionally, we will INDIA UAE LEBANON CYPRUS establish specialised practices in high-value te
Slide 31: Vision 2028 - Progress 2024
Vision 2028 - Progress 2024 To realise Vision 2028, we are expanding our Offshore Services into new international markets while reinforcing our presence in the Middle East. Additionally, we will establish specialised practices in high-value technologies and sectors, essential for driving innovation
Slide 32: Business Development in 2025
Business Development in 2025 INDIA | MIDDLE-EAST | CANADA SECTOR SHIPPING & TRANSPORT Strengthen our market share in the INTERNATIONAL FOOTPRINT PUBLIC SECTOR & UN shipping & Transport sector Sword Saudi & Others Focus on Digital transformation New line of projects focused on integrating 2025 ma
Slide 33: Urban Planning Unified Platform - Dubai Municipality
Urban Planning Unified Platform - Dubai Municipality (Dubai - UAE) Building a unified portal offering urban planning e-services for individuals, business partners, and government SUCCESS STORY… entities to manage urban lands, buildings, facilities, and infrastructure in alignment with an approved ma
Slide 34: E-Inspection Mobile App - Department of Culture & Tourism
E-Inspection Mobile App - Department of Culture & Tourism (ABU DHABI - UAE) Developing a mobile application that streamlines the inspection process, ensures compliance with the SUCCESS STORY… Department of Culture & Tourism's regulations, collects and analyses accurate data, and improves communicati
Slide 35: Strategic Plan 2025-2028
Strategic Plan 2025-2028 Sword Group 35
Slide 36: 2025 - 2028 Objectives | Organic Growth
2025 - 2028 Objectives | Organic Growth Business Plan by forfaitising the a priori effect of accelerators: By achieving double-digit annual organic growth €560 m With Acquisitions c. €700 m 2028 MARKET CAP. >€1 Mrd Sword Group 36
Slide 37: Figures
Figures Sword Group | 37
Slide 38: FY 2024 | Key Figures
FY 2024 | Key Figures +15.9% Organic Growth at constant perimeter FY €323.0m Consolidated 2024 Revenue 12.0% EBITDA margin Sword Group 38
Slide 39: FY 2024 | Consolidated Breakdown
FY 2024 | Consolidated Breakdown €m FY 2024 Revenue EBITDA Margin Organic Growth (i) BeNeLux | Greece | Spain | EU 111.2 9.1% +12.7% Locations Switzerland | Canada 96.0 9.8% +17.0% UK | US 97.1 14.2% +18.4% Offshore Global Services 18.7 29.6% +19.1% Centers | Middle East TOTAL 323.0 12.0% +15.9% +15
Slide 40: 2024 | Organic Growth Breakdown
2024 | Organic Growth Breakdown FY Q4 Q3 Q2 Q1 €m Organic Organic Organic Organic Organic Growth (i) Growth (i) Growth (i) Growth (i) Growth (i) BeNeLux | Greece | Spain | EU +12.7% +11.2% +12.6% +14.3% +12.6% Locations Switzerland | Canada +17.0% +7.0% +18.8% +10.7% +34.3% UK | US +18.4% +36.4% +14
Slide 41: FY 2024 | PnL
FY 2024 | PnL (i) (i) With no impact of amortisation of backlog acquisition €m FY 2024 Revenue 323.0 Current EBITDA 38.8 | 12.0% Current EBIT 32.6 | 10.1% Non Current Costs 5.5 Financial Costs (2.1) Corporate Tax 5.1 Net Profit after corporate tax (i) 24.1 | 7.5% Sword Group 41
Slide 42: FY 2024 Balance Sheet | Non-Current Assets
FY 2024 Balance Sheet | Non-Current Assets €k 31.12.2023 31.12.2024 ASSETS NON-CURRENT ASSETS Goodwill 69,355 79,535 Increase due to the acquisitions of AAA, IACS Other intangible assets 7,036 11,632 & INCOR Property, plant & equipment 4,573 4,753 Assets related to the right of use 11,866 10,603 I
Slide 43: FY 2024 Balance Sheet | Current Assets
FY 2024 Balance Sheet | Current Assets €k 31.12.2023 31.12.2024 ASSETS CURRENT ASSETS Trade and other 35,700 34,839 receivables Work in progress 45,413 63,027 Increase due to revenue growth and new EU projects Current tax assets 1,100 1,185 Other assets 5,711 6,747 Cash and cash equivalents 62,587
Slide 44: FY 2024 Balance Sheet | Financial Debt
FY 2024 Balance Sheet | Financial Debt €k 31.12.2023 31.12.2024 EQUITY AND LIABILITIES EQUITY Share capital 9,545 9,545 Share premiums 70,676 70,676 Reserves 6,733 10,420 Retained earnings 17,198 4,807 TOTAL EQUITY - GROUP SHARE 104,152 95,448 Non-controlling interests (minority 1,258 1,662 interest
Slide 45: 2024 | Net Cash Position
2024 | Net Cash Position (i) 31/12/2024 Net Cash Position: €17.8m (Bank: €13.9 | Treasury Shares: €3.9m) 30/09/2024 Net Cash Position: €-2.2m (Bank: €-6.2m | Treasury Shares: €4.0m 30/06/2024 Net Cash Position: €4.8 (Bank: €2.4m | Treasury Shares: €2.4m (i) Net cash position, excluding IFRS 16 Sword
Slide 46: 2024 | Net Cash Position Details
2024 | Net Cash Position Details (i) €m FY 2023 FY 2024 As of 01/01 +50.0 +32.6 Operational cash: normative flow +26.9 +28.9 Change in WCR -4.9 -5.7 Dividends -16.2 -16.0 Share deals during the period -11.9 -7.3 Acquisitions + M&A fees -8.2 -10.6 Investments -3.1 -4.1 As of 31/12 +32.6 +17.8 (i) Net
Slide 47: FY 2024 | Backlog
FY 2024 | Backlog [30/09/2024] [31/12/2024] Backlog: Backlog: €553.4m €631.8m (21.3 months) (21.1 months) Sword Group 47
Slide 48: FY 2024 Top 10 Clients
FY 2024 Top 10 | Clients Company Location British Petroleum UK | US DG Informatics (DIGIT) BeNeLux 3 1 2 European Parliament BeNeLux Harbour Energy UK The first 10 clients The first client represent 36.8% of represents 9.7% Scottish and Southern Energy (SSE) UK the FY 2024 of the FY 2024 Consolidate
Slide 49: Sword Group's Share
Sword Group’s Share Sword Group 49
Slide 50: Share return
Share return -1% +55% +13% +5.5% -6.1% 2020 Total Share 2021 Total Share 2022 Total Share 2023 Total Share 2024 Total Share Return (TSR) Return (TSR) Return (TSR) Return (TSR) Return (TSR) 01/01: €34.1 - 31/12: 01/01: €31.35 - 31/12: 01/01: €43.65 - 31/12: 01/01: €39.4 - 31/12: 01/01: €39.85 - 31/12
Slide 51: Financial Key Dates
Financial Key Dates Sword Group 51
Slide 52: Financial Calendar
Financial Calendar 31 PUBLICATIONS MEETINGS 24/04/2025 28/04/2025 2025 | Q1 Results Annual Shareholders Meeting | 2024 24/07/2025 2025 | Q2 Results 10/09/2025 SFAF Meeting | 23/10/2025 H1 2025 Results in 2025 | Q3 Results Lyon 12/03/2026 22/01/2026 SFAF Meeting | 2025 | Q4 Results FY 2
Slide 53: 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