Slide 1: Q4 and FY 2025 Results
PPHC Q4 and FY 2025 Results March 23, 2026
Slide 2: Disclosures
2 Disclosures Forward-Looking Statements This Presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties. Forward-looking statements are often identified by words such
Slide 3: Disclosures (continued)
3 Disclosures (continued) Non-GAAP Financial Measures Our management uses a variety of financial and operating metrics to analyze our performance. These metrics are significant factors in assessing our operating results and profitability. These financial and operating metrics include Adjusted EBITDA
Slide 4: Presentation Team
4 Presentation Team Stewart Hall Roel Smits Thomas Gensemer Chief Executive Officer Chief Financial Officer Chief Strategy Officer Co-founder of Federalist Group LLC, which was CFO Americas of Kantar Former CEO and Managing Partner of Blue State acquired by Ogilvy (WPP) Digital (sold to WPP 20
Slide 5: PPHC Overview
5 PPHC Overview
Slide 6: Our mission
Our mission To be the preeminent global strategic communications provider by uniting a diverse group of leading specialists around the world for the collective success of our clients, employees, and shareholders Dynamics in the market for strategic communication that led us to start PPHC in 2014 Gov
Slide 7: PPHC – a leader in the global strategic communications market
7 PPHC – a leader in the global strategic communications market Operates a complementary portfolio of strategic communications advisory firms with foundational strength in bi-partisan government relations $186.5M $45.4M ~$20B+ Currently servicing ~1,400 clients across industries, including nearl
Slide 8: 12 years after our founding, our story is just getting started
8 12 years after our founding, our story is just getting started Our foundation Current The future 2014 - 2021 (London IPO) 2022-2025 (London IPO to US IPO) 2026+ (post-US IPO) Primary focus on US Federal government Broadened reach to include US State and Continue to drive increased organic gr
Slide 9: Building the Platform
Building the Platform Deploying Capital and M&A Al Investments People and Employee Ownership Disciplined, long-term deployment of IPO capital through complementary acquisitions that deepen our platform and extend global reach. Investing in tools that make our practitioners sharper and faster - enhan
Slide 10: Financial Summary
10 Financial Summary
Slide 11: Highlights FY 2025 (and variances from FY 2024)
11 Highlights FY 2025 (and variances from FY 2024) Revenue Adjusted EBITDA Margin Adjusted Net Income Margin $186.5m $45.4m 24.3% $36.6m 19.6% Up 24.7% from $149.6m Up 18% from $38.6m Down 1.5pts from 25.8% Up 32% from $27.7m Up 1.1pts from 18.5% Organic growth +6%, with GR +4%, Strong profit conver
Slide 12: Attractive financial profile with strong track record of growth and profitability
Attractive financial profile with strong track record of growth and 12 profitability Consolidated Revenue and Growth $ in millions ’22 - ’25 CAGR: 17% 25% Financial Performance 11% 24% • Revenue growth 25%, of which 10% 6% organic • EBITDA margin 24% • Highly reoccurring revenue model drives dura
Slide 13: Organic Revenue Growth by Segment
Organic Revenue Growth by Segment 13 Organic growth by segment CIS in 2025: • Government Relations (GR) steady at 4% • Corporate Communications and Public Affairs (CCPA) ended at 9%, with strong bounce back after 2023/2024 • Compliance and Insights Services (CIS): continuing very strong streak at 22
Slide 14: Profit by segment
14 Profit by segment Revenue and Profit by Segment ($ in millions) Three months ended December 31, Years ended December 31, % of total Comments 2025FY 2025 2024 % variance 2025 2024 % variance 2025 Government Relations Revenue $ 27.6 $ 25.9 6.6 % $ 108.5 $ 102.5 5.9 % 58.2 % • GR (58% of our busines
Slide 15: Free Cash Flow strong in 2025
Free Cash Flow strong in 2025 15 • EBITDA steadily increasing to $45m in 2025 • Cashflow was steady in 2022-2024 followed by strong performance in 2025 $37 • Drivers of strong 2025 performance: (timing of) accretive acquisitions, lower tax payments, strong focus on working capital
Slide 16: Balance Sheet and Dividend proposal
16 Balance Sheet and Dividend proposal Balance Sheet Supports Growth Strategy Balance sheet supports Growth Strategy with Net Debt < 1x Adjusted EBITDA December 31, December 31, ($ in millions) 2025 2024 Total Debt $47.0 $32.0 Cash and Cash Equivalents 20.4 14.5 Total Net Debt $26.6 $17.5 Dividend
Slide 17: P&L results FY 2025
17 P&L results FY 2025 Track record of profitable growth Commentary Income Statements P&L growing at top and bottom line ($ in millions, except percentages and per share amounts) FY 2025 FY 2024 Change % Change ($) Adjusted EBITDA margin strong at 24.3% just below 25%. Impacted by fast growth in
Slide 18: Cash flow FY 2025
18 Cash flow FY 2025 Track record of strong operational cash flow Commentary Non-GAAP Cash Flow Statement (non-GAAP) Adjusted Free Cash Flow increasing by 66% to $36.9m, while ($ in millions, except percentages) FY 2025 FY 2024 Change % Change ($) reflecting typical lower cash generation H1 due to
Slide 19: Impressive M&A track record since London IPO in 2021
19 Impressive M&A track record since London IPO in 2021 PINE COVE STRATEGIES October 2022 March 2023 May 2024 June 2024 April 2025 August 2025 Gov’t Relations & Public Gov’t Relations and Public Affairs and Corporate Corporate Gov’t Relations and Affairs in California associated services in all Stra
Slide 20: Acquisitions structured to drive bottom line growth in risk-controlled way
Acquisitions structured to drive bottom line growth in risk-controlled way 20 and increase internal share ownership Typical acquisition structure: Benefits of deploying earnouts and payments in shares Upfront Payment in combination with multiple earnout payments over longer period Risk mitigatio
Slide 21: Outlook & Guidance
21 Outlook & Guidance Medium Term For the upcoming years, the Company expects: • Revenue growth at an average organic rate of approximately 5%, and this will be supplemented by the impact of acquisitions • Adjusted EBITDA Margin of approximately 25%, although in 2026 we will experience the impact fr
Slide 22: Strategy Overview
22 Click Strategy to edit Overview Master Texts Style
Slide 23: Our operating companies have highly-complementary specializations and reach
23 Our operating companies have highly-complementary specializations and reach Corporate Communications and Public Affairs Federal and International Government State Government Relations, Relations Compliance and Insights
Slide 24: We focus on our clients' toughest challenges and most important audiences
24 We focus on our clients’ toughest challenges and most important audiences Stakeholders – increasingly interconnected across medium and geographies Political Investors Politicians & Staff Regulators Targeted Voters Journalists Other Elite Audiences Allies & NGOs & Analysts Policymaker Interface Go
Slide 25: Built for continuity, powered by a deep bench of proven policy leaders
Built for continuity, powered by a deep bench of proven policy leaders 9 A 2 mA 2S Ay ‘Salim Alameddin: Michelle Baker ‘Sen. John Breaux Barry Brown: Cindy Brown Laura Price ‘Mike Burns George P. Bush Vanessa Cajna Joe Crosby Lauren DiGeronimo John Doherty Jay Driscoll Jenny Oudikoff Jeff Forbes: ee
Slide 26: Trusted partner offering comprehensive suite of services across three categories
26 Trusted partner offering comprehensive suite of services across three categories Corporate Communications & Public Affairs Compliance and Insights Services Government Relations Technology supported subscription products in support of Government Relations: Expertise-driven engagement with official
Slide 27: Blue chip client base including nearly half of Fortune 100
27 Blue chip client base including nearly half of Fortune 100 2025 PPHC Revenues by industry Long-standing relationships with clients in key regulated end-markets Total $186.5M
Slide 28: Highly diversified, growing client base with mitigated concentration risk
28 Highly diversified, growing client base with mitigated concentration risk Client Count as of Year-end Our number of clients >1,400 ~90% Customer Analysis Revenues from retainer-based <250 engagements Client Revenues as % Total Revenue for the Year Ended 80-85% Annual Analysis Customer client rete
Slide 29: Well-positioned in an attractive and growing $20B+ market
Well-positioned in an attractive and growing $20B+ market * (Sin bitions) $5.6 $20.6 $8.4 r---- $2.2 US Federal Lobbying US State Lobbying Global Corporate Global Public Affairs Estimated Strategic Communications Communications TAM Hi ighly Attractive $6.6B Core Market In addition to this quantified
Slide 30: A decade of successful growth and value creation
30 A decade of successful growth and value creation $ in millions Prior Year Revenue + Organic Growth Growth from M&A1 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Founding firms Acquisition of JDA Acquisition of Capitol Acqu
Slide 31: Building scale through client service and talent expansion
31 Building scale through client service and talent expansion Growth through M&A Client Expansion & Monetization Service Expansion Expand geographic reach & Integration Talent-Led Growth Increase client penetration Add new capabilities and and retention service lines Cross-sell services from
Slide 32: Active M&A pipeline, expanding geographies and capabilities
32 Active M&A pipeline, expanding geographies and capabilities Ample scope for growth through M&A 50+ opportunities under consideration at any point in time Multiple M&A opportunities under consideration/review, which would expand geographies and capabilities Typically, earnout transactions, whe
Slide 33: Conclusion
33 Conclusion
Slide 34: We aim to be the preeminent provider of strategic communications around the world
We aim to be the preeminent provider of 34 strategic communications around the world Our firms operate in the high-end, high-margin Strategic Communications space with High Level of Stability offerings of Corporate Communications, Lobbying and Public Affairs ü Steadily growing market PPHC uniquely c
Slide 35: Appendix
35 Appendix
Slide 36: Detailed GAAP P&L
36 Detailed GAAP P&L Income Statements Three months ended December 31, Twelve months ended December 31, ($ in millions, except percentages) 2025 2024 % Variance $ Variance 2025 2024 % Variance $ Variance Revenue $ 49.9 $ 39.0 27.8 % $ 10.8 $ 186.5 $ 149.6 24.7 % $ 37.0 Operating expenses: Staff cost
Slide 37: Adjusted EBITDA Bridge
37 Adjusted EBITDA Bridge ($ in millions, except percentages) Three months ended December 31, Year ended December 31, 2025 2024 2025 2024 2023 Net loss ($15.2) ($6.7) ($39.0) ($24.0) ($14.2) Net loss margin (31%) (17%) (21%) (16%) (11%) Adjustments: Interest income — — (0.1) (0.2) — Interest expense
Slide 38: Organic Growth by Segment
38 Organic Growth by Segment ($ in millions, except percentages) Three months ended December 31, 2025 2024 Revenue from Organic Revenue acquisitions Organic revenue Total revenue Total revenue Growth(1) Total Growth Government Relations Consulting $ 0.8 $ 26.8 $27.6 $ 25.9 3.6 % 6.6 % Corporate Comm
Slide 39: Revenue by Geography
39 Revenue by Geography ($ in millions, except percentages) Three months ended December 31, Years ended December 31, 2025 2024 $ change % change 2025 2024 $ change % change United States $ 47.3 $ 37.3 $ 10.0 26.8 % $ 177.6 $ 145.5 $ 32.1 22.1 % International 2.5 1.7 0.8 49.6 % 8.9 4.1 4.8 117.1 % Re
Slide 40: Earnout Obligations
40 Earnout Obligations ($ in millions) 2026 2027 2028 2029 2030 Total Expected earnout payments in Cash $ 12.0 $ 4.6 $ 22.8 $ 1.3 $ 3.9 $ 44.6 Expected earnout payments in PPHC stock 4.6 1.7 22.8 0.8 3.9 33.7 Expected earnout payments - total $ 16.6 $ 6.3 $ 45.5 $ 2.1 $ 7.9 $ 78.3 Maximum earnout pa
Slide 41: Adjusted Free Cash Flow Bridge
41 Adjusted Free Cash Flow Bridge ($ in millions, except percentages) Year ended December 31, 2025 2024 2023 Net cash provided by operating activities 24.8 $16.4 $10.2 Prepaid post-combination expense 10.5 4.6 9.5 Change in other liability 1.7 1.0 1.8 Change in contingent consideration — 0.3 — Capex
Slide 42: Adjusted EPS Bridge
42 Adjusted EPS Bridge ($ in millions, except percentages, shares, and per share) Twelve months ended December 31, 2025 2024 Adjusted Net Income $36.6 $27.7 Share-based accounting charge 29.6 31.8 M&A: Post-combination comp 21.3 11.6 M&A: Bargain purchase (2.0) (2.5) M&A: Change in contingent consid
Slide 43: Information per Share
43 Information per Share Share count in thousands Years ended December 31, Share count 2025 2024 / $ Change % Change # of shares period end - GAAP - basic and fully diluted 20,822 16,884 3,938 23.3 % # of shares period end - Legally outstanding - basic 25,174 24,018 1,157 4.8 % # of shares period en
Slide 44: Our member companies achieve clear benefits from joining the PPHC platform
44 Our member companies achieve clear benefits from joining the PPHC platform Enhanced revenue generation through cross-referral network Structured referrals across 11 specialized companies creates new business opportunities through conflict-free client sharing and integrated service delivery to For
Slide 45: PPHC - three companies in top federal lobbying firms
45 PPHC - three companies in top 25 federal lobbying firms Government Relations & Policy Advocacy Lobbying Firm 2025 Fed Lobbying Rev ($M) Why We Win Ballard Partners $88.1 Brownstein Hyatt et al 73.8 Unmatched policy expertise across U.S. federal and state BGR Group 71.5 landscapes Akin Gump et a
Slide 46: PPHC
PPHC