Concurrent Technologies : 2024 Final Results Presentation

About this update from Concurrent Technologies Plc

Concurrent Final results for year end 31 December 2024 Welcome Agenda Company overview 02 FY24 financial performance 07 Strategy update 14 Summary and outlook 21 Appendix 24 Miles Adcock Kim Garrod Brent Salgat Chief Executive Officer Chief Financial Officer Chief Revenue Officer 01 Concurrent At a glance A designer and manufacturer of high-performance embedded computing solutions for some of the world's largest OEMs Defence | Aerospace | Telecoms | Transport | Industrial What we do Supply into customer critical applications Building on our heritage of excellent computer plug-in-cards (PICs) Provide application-ready systems of multiple PICs and associated services Our focus Bringing innovative technology to market quickly Strategic engagement with customers and partners A broader range of systems solutions and services Investing in talent Global operations, supported by a network of sales partners Strong order book provides multi-year revenue visibility Four decades of embedded computing experience Dedicated to making end-users' lives safer, easier, and more productive Industry memberships 02 Our solutions TR MDx TR MS8 Vulcan PR A11 Fulla AC Rhea Systems Boards Magni Helios Hermes 03 Kratos Hermod II Iris Delivering the strategy in 2024 Increasing financial strength Revenue +27% £40.3m PBT +40% £5.2m Cash +23% £13.7m Record contract wins 22 design wins, including 10 major $6m largest ever contract secured £41m Record order intake Business repositioning Formerly structured Business Units and investment in key strategic hires across home markets and restructuring of SLT Investing in R&D to improve the cadence and time to market of products, including alongside partners Rebrand to reflect Concurrent's modern and ambitious culture 04 People and culture 2024 headcount increase of 13% FY23 17.8% Target culture: Get things done Our mindset and philosophy ensures that we deliver on our commitments No spectators Everything we do adds value Ambitious We have no limits. We are continually learning and growing Buzzing We love what we do, working with candour and respect AI generated quote from our Culture15 tool based on employee survey September 2024 The appetite for open, direct communication has increased creating meaningful interactions between people There is a preference for rational and data-driven decision-making Other areas, such as speed and clarity of decision making and openness to new ideas , have also shown positive improvements 77% Trust Is felt consistently across the organisation (above 60% is considered good) 05 Our end markets End markets Defence Communications Industrial and scientific Market drivers Open Standards Expert Cost of Access to Size, weight, Compliance and partnerships ownership advanced tech and power regulation Single Board Computers, Plug-in-Cards, Systems, and associated services Why 40+ year Rugged and secure Reliability and Long-term Reinvesting Support and Concurrent? expertise products longevity in R&D partnership Concurrent designs and manufactures in the UK and USA Defence New platforms Early development through production Mid-life updates Modernising existing equipment with backwards compatibility to boost performance and extend service life Applications across domains Deployed across a variety of platforms, including command, control, cyber defence, intelligence, surveillance and reconnaissance, radar and signals Applications include 5G base station equipment, satellite communications, control and storage devices 06 2024 financial performance 07 FY24 financial highlights Revenue +27% EBITDA +30% Closing cash +23% Shareholders' funds £40.3m £7.8m £13.7m £38.9m (FY23 £31.7m) (FY23: £6.0m) (FY23: £11.21m) (FY23: £34.3m) 2024 2023 2022 £40.3m £31.7m £18.3m 2024 2023 2022 £7.8m £6.0m £2.1m 2024 2023 2022 £13.7m £11.21m £4.51m 2024 2023 2022 £38.9m £34.3m £23.2m Gross profit 49.5% Operating profit +40% Earnings per share Total assets £20m £5.2m 5.49p £50.8m (FY23: £15.6m) (FY23: £3.7m) (FY23: 4.06p) (FY23: £46.7m) 2024 2023 2022 £20m £15.6m £8.9m 2024 2023 2022 £5.2m £3.7m £0.4m 2024 2023 2022 5.49p 4.06p 1.35p 2024 2023 2022 £50.9m £46.7m £32.6m 08 FY24 performance A five-year view 2020 2021 2022 2023 2024 Revenue £21.1m £20.5m £18.3m £31.7m £40.3m Order intake £18.5m £25.2m £31.5m £28.2m £41m EBITDA £5.0m £4.9m £2.1m £6.0m £7.8m EBITDA % 24% 24% 11% 19% 19% Profit before tax £2.8m £3.5m £0.4m £3.7m £5.2m Profit margin 13.2% 17% 2.1% 11.6% 12.9% 09 Overview of results Record year 90% increase in revenue in 5 years 48% increase in profit on prior best ever year (2021) Orders doubled in 5 years +£1m investment in Systems Backlog c.£24m; $5m Systems

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