Gft Technologies Se · XETR:GFT

Gft Technologies — Investor Presentation (May 2025)

43 slides from Gft Technologies's investor presentation, May 2025

1. Slide 1: GFT Technologies SE – Investor presentation

   GFT Technologies SE – Investor presentation May 2025 © 2025 | GFT Technologies SE and its affiliates. All rights reserved.

2. Slide 2: Our Vision and Mission

   Let’s Go Beyond_ 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 2

3. Slide 3: GFT at a glance

   Let’s Go Beyond_ Investor GFT at a glance presentation GFT is a rapidly growing AI-centric digital transformation pioneer € 871m REVENUE REVENUE BY SECTOR Industry & others 10% Insurance 15% FY 2024 +>15% Banking 75% CAGR 10Y € 78m ADJ. EBIT € 174m REVENUE 12,000+ global team € 17m ADJ. EBIT Top 3 m

4. Slide 4: Global delivery platform offers cost-efficient solutions for our clients

   Let’s Go Beyond_ Investor GFT at a glance presentation Global delivery platform offers cost-efficient solutions for 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 TALENTS

5. Slide 5: AI.DA Marketplace Use Case Library

   Let’s Go Beyond_ Investor GFT at a glance presentation  Visual Inspection  Predictive Maintenance  Customer Service AI.DA  Fraud Detection Marketplace  AI Engineering  Shopfloor Management Use Case  Knowledge Acquisition Library  Manufacturing Analytics  Project Portfolio Management  Energ

6. Slide 6: GFT AI Impact – Driving Strong Growth

   Let’s Go Beyond_ Investor GFT at a glance presentation GFT AI Impact – Driving Strong Growth Generative AI product to improve productivity and accelerate the Software Development Life Cycle (SDLC)  Moving from 25 clients in Q4 2024 to 27 new clients in Q1 2025  From 315 licenses in Q4 2024 to 440

7. Slide 7: Gen AI becomes an integral part of the overall GFT offering

   Let’s Go Beyond_ Investor GFT at a glance presentation 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 Engineering & Reg

8. Slide 8: GFT share

   Let’s Go Beyond_ Investor GFT at a glance presentation GFT share 6/6 analysts with BUY recommendation Average target price €33, upside potential: >30% May 2025 Free float 64.2% SHAREHOLDER Ulrich Dietz 26.3% Stable shareholder structure STRUCTURE Maria Dietz 9.5% Attractive dividend policy DIVIDEND

9. Slide 9: GFT resolved on up to €15m share buy-back program

   Let’s Go Beyond_ Investor GFT at a glance presentation GFT resolved on up to €15m share buy-back program Volume: up to €15m DETAILS 653,594 shares / ~2.5% of share capital (26/03/2025: GFT share Xetra closing price: €22.95) Duration: 24 April 2025 – 14 October 2025 Authorization as granted in AGM 20

10. Slide 10: GFT 5-Year Strategy

    Let’s Go Beyond_ GFT 5-Year Strategy gft.com 10

11. Slide 11: Major Opportunities Ahead

    Let’s Go Beyond_ 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 $ billion, Major estimate, (

12. Slide 12: Our Vision and Mission

    Let’s Go Beyond_ 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 12

13. Slide 13: KPIs Ambition

    Let’s Go Beyond_ 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 13

14. Slide 14: Strategic Goals & Objectives

    Let’s Go Beyond_ 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 14

15. Slide 15: Strategic Initiatives and Contribution to KPIs Ambition

    Let’s Go Beyond_ Strategic Initiatives and Contribution to KPIs Ambition 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 Company Transform into a

16. Slide 16: Strategic Initiatives and Contribution to KPIs Ambition

    Let’s Go Beyond_ Strategic Initiatives and Contribution to KPIs Ambition 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 Value-Added, ISV Offe

17. Slide 17: 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 17

18. Slide 18: Solid start into 2025, guidance confirmed and 5-year strategy in execution

    Let’s Go Beyond_ Investor Highlights presentation Solid start into 2025, guidance confirmed and 5-year strategy in execution HIGHLIGHTS Q1 Q1 2025 RESULTS GUIDANCE 2025 Strong growth in the USA & Canada, based on new major deals with Tier 1 banks, Asset Management and Insurance REVENUE REVENUE e Bus

19. Slide 19: 2025 targets confirmed & new EBIT adjusted calculation included

    Let’s Go Beyond_ Investor Guidance 2025 presentation 2025 targets confirmed & new EBIT adjusted calculation included GUIDANCE 2025 GUIDANCE 2025 PUBLISHED IN ANNUAL REPORT 2024 ACC. TO NEW EBIT ADJUSTED CALCULATION REVENUE e REVENUE e ~ € 930m ~ € 930m +7% growth +7% growth EBIT ADJ. e RECONCILIATIO

20. Slide 20: Mid-term targets

    Let’s Go Beyond_ Investor Interim statement Outlook presentation Q1 2025 Mid-term targets TARGETS 2029  Continued revenue growth REVENUE e  Organic growth picking up after market recovery  Bolt-on acquisitions of high-value-adding services companies in existing ~ € 1,500m GFT markets  Ongoing in

21. Slide 21: 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

22. Slide 22: GFT share – Investment case

    Let’s Go Beyond_ Investor GFT at a glance presentation GFT share – Investment case Global AI-centric digital Technology leader at the top of transformation pioneer with prestigious industry rankings, backed by deep sector expertise strong partners Digitalisation & AI Design AI-centric business solut

23. Slide 23: Backup

    Let’s Go Beyond_ Investor presentation Backup gft.com May 2025 23

24. Slide 24: New calculation of EBIT adjusted

    Let’s Go Beyond_ Investor Backup presentation New calculation of EBIT adjusted GFT has changed the calculation method of the EBIT adjusted from FY 2025 onwards in line with the practice of peer companies. Previous year’s figures per quarter are recalculated accordingly. The new calculation of the EB

25. Slide 25: Q1 2025 – Resilient top-line growth despite macro uncertainties

    Let’s Go Beyond_ Investor Backup presentation Q1 2025 – Resilient top-line growth despite macro uncertainties in €m Q1/2025 Q1/2024 ∆  Solid revenue growth of 4% (thereof: organic growth +5%, FX effects -3%, M&A +2%) Revenue 221.91 212.39 4%  Strong order backlog development with +14% Order backlo

26. Slide 26: Insurance business gaining traction with 24% growth y-o-y

    Let’s Go Beyond_ Investor Backup presentation Insurance business gaining traction with 24% growth y-o-y Strong growth of Insurance and Well-balanced client portfolio Industry & Others Largest client with 12% of total revenue 212.39 221.91 23% 10% 11% 26% +12% 14% +24% 17% 38% 3M/2025 28% 19% versus

27. Slide 27: Substantial personnel costs increase reflected in lower margins

    Let’s Go Beyond_ Investor Backup presentation Substantial personnel costs increase reflected in lower margins Revenue in €m EBIT adjusted* in €m 225.38 221.91 24.35 212.39 217.24 215.91 24.02 18.31 15.09 11.37 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/25 vs. Q1/24  +4% primaril

28. Slide 28: Revenue and earnings by segment

    Let’s Go Beyond_ Investor Backup presentation Revenue and earnings by segment GFT Group: GFT Group: Revenue in €m +5% EBIT adjusted* in €m -18% 221.91 212.39 (organic, constant 18.31 currency) 15.09 org: -2% total: -2% 92.03 93.87 10.45 -42% 6.06 org: 11% total: 10% 129.63 +26% 118.26 9.66 7.64 Othe

29. Slide 29: Revenue by global regions (based on customers’ location)

    Let’s Go Beyond_ Investor Backup presentation Revenue by global regions (based on customers’ location) Dynamic growth in North & Latin America offsets market weakness in Europe share YTD in ∆% in % €m 93.8 Slowdown in Spain (-3%), Europe 42% 93.8 -5% ↘ 98.2 Germany (-1%) & Italy (-3%) 60.7 Brazil (+

30. Slide 30: Income statement – Significant increase of personnel costs

    Let’s Go Beyond_ Investor Backup presentation Income statement – Significant increase of personnel costs in €m Q1/2025 Q1/2024 ∆%  Solid revenue trend of 4% boosted by performance in Americas, particularly in Brazil. Currency Revenue 221.91 212.39 4% headwind of €-6.15m (-3%) Other operating income

31. Slide 31: Cash flow analysis (€m) – Reduction of financial debt

    Let’s Go Beyond_ Investor Backup presentation Cash flow analysis (€m) – Reduction of financial debt 31/03/2025  Net cash down to €-51.08m (31/12/2024: 31/12/2024 Q1/2025 €-42.53m) predominantly due to operating activities | undrawn credit lines up to €62.76m (31/12/2024: €51.20m) 80.20  Cash flow

32. Slide 32: Balance sheet (€m) – Improved equity ratio

    Let’s Go Beyond_ Investor Backup presentation Balance sheet (€m) – Improved equity ratio  Balance sheet total down by 4% to 652.65 652.65  Increase of equity attributed to net €626.38m (31/12/2024: €652.65m) – 626.38 626.38 profit for the period of €7.09m mainly due to redemption of bank (Q1/2024:

33. Slide 33: Flexible, adaptable and high performing workforce

    Let’s Go Beyond_ Investor Backup presentation Flexible, adaptable and high performing workforce Employees (FTE) Utilization* Attrition* Incl. Sophos 11,304 11,506 11,413 91.4% 91.6% 91.6% 12.1% 10,626 10,772 10.7% 89.9% 89.9% 9.8% 9.8% 10.0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/2

34. Slide 34: Additional milestones for 2025

    Let’s Go Beyond_ Investor Additional presentation milestones 2025 Additional milestones for 2025 RESULTS 2024 MILESTONES 2025  Working capital levels expected on normalized level for 2025 (exceptionally low working capital on 31/12/2024) FREE CASHFLOW ADJ.* FREE CASHFLOW ADJ.*  Net Debt assuming n

35. Slide 35: Results at a glance per quarter

    Let’s Go Beyond_ Investor Backup presentation Results at a glance per quarter in €m Q1/2024 Q2/2024 Q3/2024 Q4/2024 FY2024 Q1/2025 Revenue 212.39 217.24 215.91 225.38 870.92 221.91 EBITDA 21.81 22.62 25.15 24.37 93.95 15.99 EBIT adjusted* 18.31 11.37 24.35 24.02 78.05 15.09 EBIT 15.72 16.45 19.71 19

36. Slide 36: New calculation of EBIT adjusted

    Let’s Go Beyond_ Investor Backup presentation New calculation of EBIT adjusted GFT has changed the calculation method of the EBIT adjusted for the consolidated results for FY 2025 onwards. Previous year’s figures per quarter are recalculated accordingly, as shown in the table: in €m Q1/2024 Q2/2024

37. Slide 37: 10-year development

    Let’s Go Beyond_ Investor Backup presentation 10-year development Revenue – 10y CAGR: +12% 871 Adjusted EBIT – 10y CAGR: +10% 789 716 558 440 78 78 423 419 413 429 70 374 57 279 40 41 31 33 34 33 27 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014 2015 2016 2017 2018 2019 2020 2021 2022 2

38. Slide 38: GFT AI Impact – Proven results in clients

    Let’s Go Beyond_ Investor Backup presentation 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 speed in code quality genera

39. Slide 39: Sophos M&A – GFT among TOP3 providers across LATAM

    Let’s Go Beyond_ Investor Backup presentation Sophos M&A – GFT among TOP3 providers across LATAM With Sophos Solutions, GFT NEW OFFICE LOCATIONS advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability. USA New Jersey Sophos is

40. Slide 40: 35+ years of strategic expansion

    Let’s Go Beyond_ Investor Backup presentation 35+ years of strategic expansion GLOBALISATION 1987 founded by Ulrich Dietz 1997 Switzerland Italy Canada, Costa Rica Hong Kong Vietnam Chile and Poland Singapore Colombia 2001 Spain and UK India 2005 Brazil Panama 2008 USA 2017 INDUSTRY 2013 INSURANCE 2

41. Slide 41: Awards and recognitions

    Let’s Go Beyond_ Investor Backup presentation Awards and recognitions 2024 IDC FinTech Rankings Top 50 Digital Banking Guidewire Award Engenion Major Contender PEAK Matrix Guidewire Services 2024 Guidewire Services Banking Tech Google Cloud Award of the year gft.com May 2025 41

42. Slide 42: Recognition for sustainability

    Let’s Go Beyond_ Investor Backup presentation Recognition for sustainability Measurable Recognitions Our goals ESG performance & commitments CDP B B Sustainability 2019 signed UN Global Compact by design ISS ESG (Prime Status) C+ C+ We drive new solutions and services to support S&P CSA 51 49 2030 e

43. Slide 43: Let’s Go Beyond

    Let’s Go Beyond Andreas Herzog Maren Dallas Nicole Schüttforth Head of IR/CSR IR Manager Senior IR Manager T +49 711 62042-323 T +49 711 62042-350 T +49 711 62042-387 andreas.herzog@gft.com maren.dallas@gft.com nicole.schuettforth@gft.com © 2025 | GFT Technologies SE and its affiliates. All rights r

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