Slide 1: Technology That Dares to Delight
TECHNOLOGY THAT DARES to delight F1Q24 INVESTOR PRESENTATION
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS Pure play in the digital Global presence, leveraging and cognitive space next-gen software and the right talent and skills Organized into Studios, Strong set of Accelerators delivering domain expertise in that leverage AI and other emerging technologies and technologies to rein
Slide 3: Market Opportunity; Resilient Business Model
MARKET OPPORTUNITY RESILIENT BUSINESS MODEL On top of ongoing digital trends, the recent wave of generative AI has proven that digital By 2026, the need to increase resiliency will drive transformation is imperative for any business: large enterprises to create new digital business models and digita
Slide 4: $2.1T worldwide IT services spending expected by 2027
$2.1T 85% 90% worldwide IT services spending expected to of CEOs reported increased of service providers will investments in digital capabilities use generative AI for be reached by 2027 and 77% are increasing software development investments in IT services by 2027. Also Source: Gartner Forecast: IT
Slide 5: Company history and revenue trajectory
YoY: 17.7% This is Revenue Trajectory ($M) CAGR 29.9% 28,900+ employees Globers 16,000+ 1,000+ 2010 2020 Q1 2024 Case Studies & Recognitions 2003 2006 2009 2014 2017 2019 2020 2021 2023 Founded Signed Studios Listed on Recognized as a 2017 BeKind Recognized as a 2020 Crossed $1B in 20th anniversary
Slide 6: Some of the Clients We Work With
SOME OF THE CLIENTS WE WORK WITH | 6
Slide 7: Our Innovative Solutions
OUR Innovative Metropolitan Police OpenBank To improve public access Creating the first true SOLUTIONS to the Metropolitan digital bank offering a Police, we helped build highly personalized, an online system to exclusively digital reduce response times banking. by 44%. Autodesk EA Royal Caribbean Le
Slide 8: Our Studio Networks
Our STUDIO NETWORKS foster collaboration, fuel creativity, and deliver transformative results to our clients. AI CREATE DIGITAL ENTERPRISE REINVENTION Empower the uniqueness of your brand through Harness disruptive tech to put your business at Leverage tailored tech for streamlined Shake up the game
Slide 9: Gain a Fast-Pass for your AI and digital transformation journey
Gain a FAST-PASS for your AI and digital transformation journey Automate code comprehension Turn every lead into Software X a customer The AI-companion for your testing journey Code faster, better, smarter The division of products and platforms built to help organizations become the best version of
Slide 10: Globant ranked fastest-growing and 5th strongest IT brand
Globant ranked as FASTEST-GROWING AND 5th STRONGEST IT BRAND GLOBALLY According to Brand Finance, the leading brand consultancy: “Globant’s growth is driven by its growing global presence and strong financial performance, with Brand Finance research identifying a significant increase in consideration
Slide 11: Global Autonomous Culture
GLOBAL AUTONOMOUS CULTURE Our global delivery centers are successful thanks to a strong and autonomous culture that runs through every Glober. Our Agile Pods Model aims to better Our Inverted Org Chart with the Our StarMeUp platform creates an align business and technology Pods at the front and cent
Slide 12: About Globant: Our global, diverse and inclusive talent pool
ABOUT GLOBANT NORTH LATIN MENA & EUROPE AMERICA AMERICA APAC Our global, diverse Canada United States Argentina Brazil Belarus Bulgaria Australia China and inclusive talent pool Chile Denmark Hong Kong Colombia France India Costa Rica Germany Philippines We take pride in our people, and we’re fully
Slide 13: Global Delivery Model
GLOBAL DELIVERY MODEL Total Headcount Geographic dispersion (%) Country Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Mar-24 Along our journey, Colombia 8 11 15 21 25 27 23 23 22 20 20 we have diversified Argentina 69 57 49 39 34 30 30 23 20 19 19 our talent base to India - 9
Slide 14: ESG Approach
ESG APPROACH Our purpose is to make the world a better place, one step at a time Verified Integrated Report published annually. TCFD 2nd release in 2024. 20th Anniversary Impact Report Sustainability Yearbook Member (by S&P). Silver recognition level at Ecovadis. CDP Awareness level. Committed to sev
Slide 15: ESG Approach: Governance and Data Privacy & Security
ESG APPROACH Governance Data Privacy & Security ● Board of Directors & Lead Independent ● Globant Privacy Program Eight diverse members who are elected on a staggered basis. New Global data privacy assessment including GDPR and charter approved to take into account the relevant skills, experience, L
Slide 16: We create our own way forward in a sustainable way
We create our own way forward in a sustainable way. Be Kind to Yourself ● 100% of our Globers worldwide impacted with a comprehensive wellness plan Be Kind to your Peers ● Target to have 50% women and non-binary people in management positions Be Kind to Humanity ● Tackle the misuse of technology thr
Slide 17: We invest in visionary and purpose-driven entrepreneurs
We invest in visionary and purpose-driven entrepreneurs Investments ranging from a crowd-sourced Investments ranging from an RPA + AI business seeking to reinvent business while creating synergies process automation solutions to a startup that platform for marketing intelligence to the Best with Glo
Slide 18: Financial Review
Ee ee ; INANCIALD SREVIEW -
Slide 19: At a Glance
Global Delivery Model AT A GLANCE 28,900+ globers in 33 countries Key Statistics Headcount Distribution (as of Mar’24) $2.2B 29.9% $85.3K Argentina LTM Q1’24 total 2014 – 2023 LTM Q1’24 Revenue Revenue Revenue CAGR per IT Professional Colombia Other LATAM 38.0% 15.0% 28,900+ India Q1’24 Q1’24 Total
Slide 20: Significant Revenue Growth
SIGNIFICANT REVENUE GROWTH Revenue ($M) Average Revenue by Client ($M) CAGR(‘14-’23): 29.9% Top 10 CAGR: 25.3% Top 20 CAGR: 24.5% YoY: 20.9% Client Revenue Contribution (%) Clients with Revenues >$1M Clients 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Top 1 9 12 10 10 11 11 11 11 11 9 Top 5 27
Slide 21: Revenue Breakdown (Q1'24)
REVENUE BREAKDOWN (Q1’24) Geography 4% Currency North America USD LATAM Others Europe New Markets Industry Contract type Media and Entertainment Time and Materials Consumer, Retail and 1% Fixed Price and Manufacturing Others Banks, Financial Services and Insurance Professional Services Travel and Ho
Slide 22: Strong Ability to Develop Accounts
STRONG ABILITY TO DEVELOP ACCOUNTS Increasing # of multi million $ accounts 100 squared strategy: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ● Dedicated onsite teams $20M+ 0 1 2 3 5 7 7 12 13 16 ● Strategic partner $10M+ 2 5 6 9 9 14 13 22 25 34 ● Increased visibility $5M+ 10 10 11 18 21 26 3
Slide 23: Attractive Profitability
ATTRACTIVE PROFITABILITY Adjusted Gross Profit ($M) Adjusted Profit from Adjusted Net Income ($M) Operations ($M) % of revs % of revs % of revs 39.1 39.5 39.2 38.1 38.2 38.0 15.2 16.5 16.3 15.2 15.1 15.0 11.1 12.2 12.2 11.9 11.7 11.8 Note: Adjusted Gross Profit excludes depreciation and amortization an
Slide 24: Our Growth Strategy
OUR GROWTH STRATEGY + ● Focus on 1002 : 100 accounts Main Strategic Acquisitions with potential revenues of $100M+ ● Iteris ● Habitant GUT Cloudshift ● Studio cross-selling ● ● ● Pentalog ● Bluecap ● Increasing sales coverage to ● Experience IT ● gA ensure better reach ● Vertic ● Belatrix ● Diversifi
Slide 25: Leading This Dream, Our Management Team
LEADING THIS DREAM, OUR MANAGEMENT TEAM BOARD OF DIRECTORS Martín Migoya Martín Umaran Guibert Englebienne Chairman of the Board, CEO & Co-founder Chief Corporate Development Officer, President of Globant X, President of Latam President of EMEA & Co-founder & Co-founder Linda Rottenberg Francisco Ál
Slide 26: Forward Looking Disclosure
FORWARD LOOKING DISCLOSURE In addition to historical information, this presentation might contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may
Slide 27: Technology that dares to delight
Technology that dares to delight