Slide 1: Continued double-digit organic growth, margin increase
Continued double-digit organic growth, margin increase Investor presentation full year 2024
Slide 2: Highlights FY 2024
Highlights FY 2024 Order intake Orders on hand Revenues Renewed double-digit growth €583.8m €724.0m €480.3m in order intake and revenues +15.7% vs. FY23 +21.8% vs. FY23 +12.4% vs. FY23 Orders on hand > €700m Entirely organic growth EBIT margin increased EBIT EBIT margin Net cash1 €32.1m 6.7% €81.8m
Slide 3: Order intake: selected highlights
Order intake: selected highlights Air Traffic Management: Public Safety Public Transport: Advanced for UK and Malaysia Communication system for automated tower Swiss Federal Railways ▪ Modernisation of air traffic ▪ UK: Frequentis and IBM to deliver ▪ New platform enhances management at Oslo Airport
Slide 4: Customers increase investment in infrastructure and defence
Customers increase investment in infrastructure and defence Investment in Defence: Defence orders from infrastructure changed circumstances around the globe ▪ Frequentis is part of national ▪ Increasing investment in military ▪ USA: Remote Digital Tower safety-critical infrastructures security: addi
Slide 5: Record high order intake, orders on hand > €700m
Record high order intake, orders on hand > €700m Order intake = confirmed orders Orders on hand FY 2024: 68% ATM, 32% PST FY 2024: 64% ATM, 36% PST +22% +16% 724 584 595 263 505 522 186 468 217 405 428 159 192 333 170 315 129 180 112 103 461 398 377 345 298 330 230 275 247 202 2020 2021 2022 2023 20
Slide 6: Double-digit revenue growth: 4 years in a row
Double-digit revenue growth: 4 years in a row Revenues Revenue split in 2024 +12% 480 427 386 142 334 134 30% 299 128 114 96 70% 338 293 20% of Group 258 203 220 revenues with defence customers 2020 2021 2022 2023 2024 Public Safety & Transport (PST) Air Traffic Management (ATM) in € m 6 | Investor
Slide 7: Revenue growth in all regions
Revenue growth in all regions Revenues by region Revenue split 296 ▪ Stable business model fosters growth Australia/ 280 Pacific/Africa ▪ Low cyclical exposure 2024 88 8% Asia ▪ >90% government 12% 2023 customers 68 7% 11% ▪ Strong European 55 home market 46 16% 41 18% 66% Americas 62% 33 Europe Aus
Slide 8: Revenues split
Revenues split Split by category Split by revenues type 2024 3% 3% <10% 3% 2023 >35% 41% 36% ~20% 61% 56% 30% Follow-on business for installed In-project services systems and solutions Maintenance (IBB/installed base business) Software New products for established customers and exisiting products Ha
Slide 9: Revenues and EBIT margin development
Revenues and EBIT margin development Group Air Traffic Management Public Safety & Transport 480 427 386 334 338 304 299 293 258 211 220 203 8.7% 9.0% 7.2% 134 142 6.2% 6.7% 128 114 5.7% 6.5% 5.3% 92 96 5.7% 14.6% 11.7% 12.4% 4.9% 4.0% 12.7% 10.0% 27 29 27 32 3.4% 17 25 15 18 7.5% 17 15 17 14 10 12 1
Slide 10: Vision: #1 in control centre solutions through innovations
Vision: #1 in control centre solutions through innovations Drone management 5G-based critical comms AI-assistance systems R&D Future comms and about 6%1 tower infrastructure €3.2bn €13.1bn me nt s addressable total market size market today Cloud solutions New deployment ce rity Software-
Slide 11: Outlook and management agenda for 2025
Outlook and management agenda for 2025 Orders Aim to Aim to EBIT margin on hand increase increase of about €724m revenues by order intake 6.5 - 7.0% 31 Dec ’24 about 10% > €380m or 52% of Capex of about €12m. orders on hand will be Company-funded R&D realised as revenues in 2025, expenses the remain
Slide 12: Financial appendix
Financial appendix
Slide 13: Consistent M&A strategy: Expansion of product and technology portfolio
Consistent M&A strategy: Expansion of product and technology portfolio 5 years listed on the stock exchange: 10 acquisitions ATRiCS Nemergent Orthogon ATC C4i Regola Aviamaps FRAFOS GuardREC Groiss Germany ATC Informatics Spain Germany Canada Australia Italy Finland Germany Norway Austria ATM PST AT
Slide 14: Key figures Frequentis Group
Key figures Frequentis Group All figures in € m unless otherwise stated. Earnings data 2024 2023 +/- in % +/- in €m 2022 2021 2020 2019 1) 2018 2017 2016 2015 2014 2013 Revenues 480.3 427.5 +12.4% 52.8 386.0 333.5 299.4 303.6 285.8 266.9 241.2 220.2 204.0 186.3 EBITDA 54.1 44.2 +22.5% 10.0 45.6 46.5
Slide 15: Reasons to invest in Frequentis
Reasons to invest in Frequentis Growing faster Largely Growth drivers than the market fully intact independent of macroeconomic trends Av. 9.6% revenue growth Stability Security in the past 5 years for decades Mobility Av. 4-5% market growth Technology 15 | Investor Presentation full year 2024 © Fre
Slide 16: Strong seasonality of EBITDA and EBIT
Strong seasonality of EBITDA and EBIT: 2nd half year key period for profitability EBITDA EBIT Comments in € m ▪ EBITDA and EBIT typically show strong seasonality ▪ Half-year results typically negative: order intake and 54.1 project acceptance are 46.5 45.6 generally highest at year-end 41.9 44.2 32.
Slide 17: Working capital overview
Working capital overview Components of working capital Comments Net working capital in ▪ Inventories higher due to 14.9% 14.9% 17.8% 18.8% 21.9% % of LTM (last twelve stocking of electrical months) revenues components and assemblies in € m 105.4 to meet long-term delivery 80.3 68.9 32.9 Inventories
Slide 18: Financial policy framework
Financial policy framework Maintain net cash Equity ratio Capex of about Company-funded position at a of > 35% €12m in 2025 R&D expenses minimum level of (2024: €10.1m) in 2025 at same about 10% of level as 2024 Group revenues with €30.1m 18 | Investor Presentation full year 2024 © Frequentis AG 202
Slide 19: About us appendix
About us appendix
Slide 20: We are the only company focusing solely on safety-critical control centres
We are the only company focusing solely on safety-critical control centres Air Traffic Management Public Safety and Transport Civil Defence Public Safety Public Transport Maritime Air navigation service Air force Police forces Heavy rail Coast guard / navy providers Army Fire services Urban rail Off
Slide 21: Growth markets: Our innovations in operational use
Growth markets: Our innovations in operational use Growth drivers: Security – Mobility – Technology Digital Tower Drone management Networks Innovative technology to Coexistence of uncrewed aerial Networks for air traffic management, improve efficiency, safety, vehicles and crewed aircraft in police
Slide 22: A strong network around the world
A strong network around the world with hubs for added customer proximity 550+ customers 150 countries 150+ Active channel partners for 125 countries Regional offices Channel partners Frequentis Hubs 1947 1955 1983 1990 - 1999 2000 - 2009 2010 - 2019 SVK UK GER CAN USA AUS ROU BRA CHI NOR UAE Frequen
Slide 23: Leadership team
Leadership team Executive board Norbert Haslacher Monika Haselbacher Peter Skerlan Karl Wannenmacher CEO COO CFO CTO Strategy, Global Sales, Strategic Project Management & PMO, Finance, Human Resources, IT, Technology Management, Business Units, Corp. Comms & Customer Services, Health Safety Legal,
Slide 24: Our experts for a safer world
Our experts for a safer world. We build solutions that enable our customers to make the world a safer place. 7.8 yrs 11.0yrs av. length av. length of employment of employment Group HQs 5.3% 65 staff turnover 2,400 nationalities Global Employees 1,100 43 Austria Initiatives to increase av. age propor
Slide 25: Shareholder structure
Shareholder structure Shareholder structure Core shareholder H. Bardach about 68% B&C Holding Österreich >10% Free float about 22% 13,280,000 Listed on Frankfurt and Vienna stock exchanges Listed on Frankfurt and Vienna shares outstanding stock exchanges ATFREQUENT09 ISIN FQT Ticker symbol 14 May 20
Slide 26: Contact / Financial Calendar
Contact / Financial Calendar Investor Relations contact Financial Calendar Stefan Marin, Head of Investor Relations Conference / roadshow dates at www.frequentis.com/financialcalendar +43 1 81150 - 1074 investor@frequentis.com 05.06.2025 Annual General Meeting, Vienna www.frequentis.com/en/ir 11.06.