Izertis Sa · BME:IZER
Izertis Sa — Investor Presentation (September 2026)
39 slides from Izertis Sa's investor presentation, September 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION v26.09 – September 2026 1
Slide 2: Disclaimer
Disclaimer This document may contain future statements and information (hereinafter "Statements") related to IZERTIS, S.A. (hereinafter "IZERTIS", or "the "Company"). These events may include financial projections and estimates with assumptions, statements related to plans, objectives, and expectati
Slide 3: Índice
Índice 1. Izertis at a glance 4 2. Financials 17 3. Guidance 2030 26 4. Izertis vs Peers 29 5. Our Forward-looking View 32 6. Key Investment Highlights 35 3
Slide 4: 1. Izertis at a glance
1. Izertis at a glance 4
Slide 5: Izertis at a glance
Izertis at a glance We are a Technology Consulting firm that supports organizations in their Digital Metamorphosis journey. 2,700+ €166m + PROFESSIONALS 2025 TOTAL REVENUE LISTED SINCE 2019 Our differentiation is driven by our cutting-edge service and technology offering, combined with a modern, agi
Slide 6: Business Lines
Business Lines Software Consultancy & AI & Engineering Governance Data Design and build secure, scalable digital Strategic support for CIOs, CISOs, CTOs Transforming data and artificial platforms and products by integrating and business unit leaders to define and intelligence into real growth drive
Slide 7: Main Technological Alliances
Main Technological Alliances 7
Slide 8: References (I/II)
References (I/II) BANKING INSURANCE FINANCIAL SERVICES & FINTECH INDUSTRY SERVICES 8
Slide 9: References (II/II)
References (II/II) AEROSPACE & DEFENSE LIFE SCIENCES & HEALTHCARE GOVERNMENT RETAIL, LOGISTICS & DISTRIBUTION TELCO & UTILITIES < HIGH TECH 9
Slide 10: Milestones
Milestones €52.9 m €166.9 m €38.4 m TOTAL REVENUE €121.3 m TOTAL REVENUE TOTAL REVENUE TOTAL REVENUE €3.3 m €5.3 m €24.1 m NORMALIZED EBITDA €18,6 m NORMALIZED EBITDA NORMALIZED EBITDA NORMALIZED EBITDA FOUNDATION “Company of the year” of the company in Presence in Portugal, award from the European
Slide 11: Track Record of Successful Inorganic Growth
166.9 Track Record of Revenue Evolution Successful 138.1 121.3 Inorganic Growth 92.2 68.0 52.9 47 Companies Acquired since 1998 38.4 48.5 21.0 1998 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 1 1 1 1 2 1 5 6 6 4 6 3 2 4 3 # Companies acquired Data in millions of euro
Slide 12: Talent
Talent SPAIN INTERNATIONAL 81% 19% 57% Community of Madrid 8% Catalonia 8% Principality of Asturias 2,718 professionals 10% LATAM 3% United Kingdom 3% Portugal 08/31/2026 2% 1% Valencian Community USA 2% 1% Basque Country Switzerland < 30 30 – 39 40 – 49 50 – 59 > 59 TOTAL 4% Women 5% 10% 9% 6% 1% 3
Slide 13: Board of Directors and Executive Committee
Board of Executive Directors Committee Pablo Martín Lourdes Argüelles Manuel R. Pasarín Pablo Martín Chairman & CEO Board Member Board Member Chairman & CEO Diego Cabezudo Arturo Díaz Carlos Sartorius Lourdes Argüelles Board Member Board Member Board Member CFO Juan Carlos Ureta Pablo Arnús Isabel L
Slide 14: Izertis Ventures: Sowing the Digital Future
Izertis Ventures: Happy Robot Transforming logistics with AI, Genially No.1 tool for creating interactive Sowing the increasing efficiency and training content, gamification and reducing operational costs. e-learning. Digital Future Vumi Core Solution to improve investment Task automation for e-comm
Slide 15: Izertis vs Main Stock Indexes and Cap Table
Izertis vs Main Stock Indexes Cap Table 600% 11/25/2019 08/31/2026 Free Float Laren Capital 37.20% 36.55% +500 500% % +400 400% % +388.24% +358.86% SP 500 IT +300 300% % +200 200% % STOXX Europe +96.44% +100 100% % 600 Tech +66.27% IBEX Small Caps Company Treasury Directors Anémona Onchena Stock 0%
Slide 16: Analyst Coverage
Analyst Coverage Analyst Reports Equity research coverage on the company is available on Izertis’ website. hacer clic Analyst Reports ANALYST ANALYST ANALYST ANALYST David López Eduardo Imedio Julián Megías Juan Cánovas Last target price: Last target price: Last target price: Last target price: 12.1
Slide 17: 2. Financials
2. Financials 17
Slide 18: Total Revenue Evolution
Total Revenue Evolution CAGR 166.9 3.4x 22.9% 138.1 20.9%+ 121.3 92.2 68.0 52.9 48.5 2019 2020 2021 2022 2023 2024 2025 Data in millions of euros | 2019–2020 – data under PGC | 2021–2025 – data under IFRS 18
Slide 19: 2025 Revenue: Breakdown by business line and sector
2025 Revenue: Breakdown by business line and sector BUSINESS LINE TARGET SECTOR 32.4% 8.9% 5.6% 17.2% Software CX & Telco & Utilities Banking Engineering Business Solutions 9.3% High Tech 8.4% Retail, Logistics 6.8% & Distribution Insurance 8.7% 9.5% Cybersecurity AI & Data 8.5% 6.4% Services Financ
Slide 20: 2025 Revenue: Breakdown by geography
2025 Revenue: Breakdown by geography 2024 2025 Spain 79.8% 75.2% United Kingdom 2.0% 7.1% USA 6.8% 6.2% LATAM 3.6% 4.9% Portugal 2.6% 1.6% Switzerland 1.3% 1.6% Ordinary Income | Other countries (2025): 3.4% 20
Slide 21: EBITDA and EBITDA Margin Evolution
EBITDA and EBITDA Margin Evolution Normalized EBITDA Normalized EBITDA Margin 5.2x CAGR 52.6%+ 31.8% 24.1 20.7 16.8%+ 18.6 15.4% 15.0% 13.1% 14.5% 11.6% 12.1 10.0% 9.5% 7.9 5.3 4.6 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 Data in millions of euros | 2019–2020 – data unde
Slide 22: Revenue and Normalized EBITDA Breakdown
Revenue and Normalized EBITDA Breakdown TOTAL REVENUE NORMALIZED EBITDA 3.5% 3.2% 16.5% 13.1% 12.9% 17.5% 29.0% 30.5% 83.5% 86.9% 96.5% 87.1% 71.0% 69.5% 96.8% 82.5% 2022 2023 2024 2025 2022 2023 2024 2025 Organic Inorganic Organic Inorgánico CLIENTS 1 2022 2023 2024 2025 83.3% 16.7% 84.5% 15.5% 86.
Slide 23: Net Debt Structure Financial Leverage Evolution
Net Debt Structure Financial Leverage Evolution Gross Financial Debt (GFD) NFD / Normalized EBITDA Cash Net Financial Debt (NFD) 3.1 119.9 3.0 2.9 2.6 85.7 92.1 2.7x 67.1 65.8 59.7 1.9 52.1 56.3 1.8 31.5 24.9 18.5 14.3 14.4 9.9 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 4.
Slide 24: Solid Capital Structure
Solid Capital Structure Convertible Bonds Gross Financial Debt €7.7 m Equity €94.2 m €119.9 m Earn-Outs €11.7 m Short Term Long Term Promissory Notes 38.8% 61.2% €16.0 m NFD / Adjusted NFD (*) / Normalized EBITDA Normalized EBITDA M&A €4.8 m 2.7x 2.3x Other Organizations €7.6 m Cash Bank Debt €67.
Slide 25: Main Financial Highlights
Main Financial Highlights Data in thousands of euros 2022 2023 2024 2025 25vs24 Total Revenue Normalized EBITDA Total Revenue 92,202 121,293 138,078 166,906 20.9% 166.9 24.1 138.1 20.7 121.3 18.6 20.9%+ 16.8%+ Normalized EBITDA 1 12,066 18,626 20,662 24,140 16.8% 92.2 12.1 Normalized EBITDA Margin 1
Slide 26: 3. Guidance 2030
3. Guidance 2030 26
Slide 27: Guidance 2030
Guidance 2030 2017 - 2025 2025 - 2030E €500m +24.5% +21.9% +29.6% Total Revenue (CAGR) +44.7% Normalized EBITDA (CAGR) €65m 166.9 138.1 121.3 92.2 24.1 68.0 20.7 48.5 52.9 38.4 21.0 12.1 18.6 7.9 4.6 5.3 1.3 3.3 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E 2027E 2028E 2029E 2030E Normalized EB
Slide 28: Growth Levers, moving ahead
Growth Levers, moving ahead Increase international revenue streams by up to 50% Expand our service mix towards high-value domains like artificial intelligence and cybersecurity, aiming for higher-tier, value-driven solutions Continue to drive a strong and distinctive brand positioning strategy M&A t
Slide 29: 4. Izertis vs Peers
4. Izertis vs Peers 29
Slide 30: Izertis vs Peers (stock market listing)
Izertis vs Peers (stock market listing) YTD (Year To Date) Izertis Globant Endava Nagarro EPAM -21.0% -37.7% -47.5% +2.6% -42.5% 10.5 8.3 65.4 6.3 76.3 78.2 204.9 40.7 117.8 3.3 12/31/2025 08/31/2026 12/31/2025 08/31/2026 12/31/2025 08/31/2026 12/31/2025 08/31/2026 12/31/2025 08/31/2026 Last 5 Years
Slide 31: Izertis vs Peers (share price performance)
Izertis vs Peers (share price performance) 11/25/2019 08/31/2026 +500% +400% +388.24% +300% +200% +100% -3.03% Nagarro -42.56% EPAM Systems 0% -60.12% Globant -92.78% Endava Source: Investing 31
Slide 32: 5. Our Forward-looking View
5. Our Forward-looking View 32
Slide 33: AI as an enabler of growth and transformation, not a threat
AI as an enabler of growth and transformation, not a threat AI adoption Business model Competitive positioning Adoption will be gradual rather than AI will be integrated across all processes: it will not Advantage for companies with capabilities and be a standalone capability, but a structural layer
Slide 34: AI does not represent an immediate disruptive risk
AI does not represent an immediate disruptive risk, but IA rather a structural lever for productivity improvement that will progressively transform the IT sector, clearly differentiating between organizations that effectively integrate it and those that do not. 34
Slide 35: 6. Key Investment Highlights
6. Key Investment Highlights 35
Slide 36: Key Investment Highlights
Key Investment Highlights Opportunity to invest in a unique asset with an unmatched positioning in the Iberian IT market 1 Strong Growth & Market Tailwinds 5 Financial Strength Consistent double-digit revenue growth since inception, with attractive long-term IT Solid balance sheet, strong cash gener
Slide 37: Why Invest in Izertis?
Why Invest in Izertis? 1 Management commitment to the company 5 Strong atomization in the sector Management are the main shareholders in the company, Proven M&A expertise enabling effective market consolidation aligning their wealth with that of other shareholders 2 Impressive Track record 6 Differe
Slide 38: Offices: Europe, America, Asia
SPAIN UNITED KINGDOM SWITZERLAND PORTUGAL GERMANY EUROPA Barcelona, Gijon, London, Edimburgo, Geneva, Lucerne Lisbon Munich Granada, La Coruña, Milton Keynes Madrid, Malaga, Sevilla, Tenerife, Valencia, Vitoria USA MEXICO GUATEMALA EL SALVADOR AMÉRICA Miami, Washington CDMX, Guadalajara Guatemala Ci
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