Snp Schneider-neureither & Partner SeXETR: SHF

Investorenpräsentation Halbjahresbericht 2025

Aug 1, 2025 at 11:49 AM UTC · Issued by SNP Schneider-Neureither & Partner SE

‌SNP Schneider-Neureither & Partner SE

Teleconference for investors and financial analysts Q2 2025 Results

July 31, 2025

Jens Amail, CEO Andreas Röderer, CFO

‌Agenda

Overview:

Q2/H1 2025 Results

Detailed Financials

Q&A

‌Agenda

Overview:

Q2/H1 2025 Results

Detailed Financials

Q&A

‌Five-year overview

Order Entry (in €m)

39.4 38.5

51.0

74.1

79.8

Revenue (in €m)

42.6 42.3 48.5

13.9* 11.5*

72.3

62.0

14.4* 23.6*

23.9*

Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2025

EBIT (in €m)

8.4

Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2025

* Thereof Software

Operating Cash Flow (in €m)

6.9

1.7 0.7 1.0

-7.4 -7.9

-9.9

-5.6

-9.7

Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2025 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2025

‌H1 2025 - Key Results

Continuous top line growth: Order entry rose by 15% to € 155.2m in the first six months and group revenue by 20% to € 138.9m compared to the same period of the previous year.

Significantly improved EBIT after one-offs in Q2: EBIT increased to € 14.8m in the first half of the year (H1 2024: € 12.5m), and operating cash flow improved to € 5.4m (€ 4.7m in H1 2024).

Continued high impact of strategic growth levers: Partner business accounts for 55% of total H1 order entry, sustained strong S/4 and RISE business (54% of H1 order entry) and strong development in our strategic markets (order entry up by 63%).

AGM paves the way for further growth: Approval of all items on the agenda with substantial majorities; specifically, the control and profit transfer agreement and the election of new supervisory board members (Willi Westenberger and Michael Wand).

Guidance for 2025 confirmed: Book-to-bill ratio greater than 1, revenue range of € 270-280m and EBIT range between € 30-34m.

‌H1 2025 - Key Figures

Order Entry

€ 155.2m

+15%

Group Revenue

€ 138.9m

+20%

EBIT

€ 14.8m

+19%

Services (incl. EXA)

Order Entry

€ 106.9m

+18%

Revenue

€ 92.1m

+22%

Software (incl. EXA)

Order Entry

€ 48.3m

+10%

Revenue

€ 46.7m

+16%

Partners

Order Entry

€ 84.6m

+15%

Revenue

€ 66.4m

+49%

‌Q2 2025 - Key Figures

Order Entry

€ 79.8m

+8%

Group Revenue

€ 72.3m

+17%

EBIT

€ 6.9m

-18%

Services (incl. EXA)

Order Entry

€ 54.6m

+16%

Revenue

€ 48.5m

+26%

Software (incl. EXA)

Order Entry

€ 25.2m

-7%

Revenue

€ 23.9m

+1%

Partners

Order Entry

€ 57.4m

+35%

Revenue

€ 35.1m

+38%

‌Continued Strong Partner Business

Order Entry Partner

(in €m)

+15%

+35%

84.6

73.4

57.4

42.5

Q2 2024 Q2 2025

H1 2024 H1 2025

Revenue Partner
(in €)
		+49%
+38%
			66.4
35.1	44.6
25.5
Q2 2024 Q2 2025	H1 2024 H1 2025

Successful Partner Day with almost 300 participants and 700 partner participants at Transformation World.

Partner business in Q2 with

over-proportional growth.

Slightly improved share of total order entry by Partner business: 55% vs. 54% in H1

2024.

‌Order Entry by Deal Bands

Number Number

Slightly decreasing deal number by around 2% to

€ 74.1m

of Deals*

€ 15m

€ 3m

€ 12m

€ 21m

€ 24m

164

€ 79.8m

of Deals

€ 11m

€ 16m

€ 33m

> € 3m

€ 1-3m

€ 0.5-1m

€ 0.1-0.5m

< € 0.1m

€ 16m

167

of Deals*

€ 29m

€ 56m

€ 134.7m

22 € 36m

€ 37m

€ 9m

€ 33m

€ 27m

€ 10m

€ 29m

€ 25m

135

377

€ 155.2m

of Deals

123

378

567 projects in total (H1 2024: 579), but higher value deal sizes.

Order entry almost doubled with mega deals >
€ 3m.
Stable volume business with projects of € 0.1-0.5m.

Q2/2024

Q2/2025

H1/2024

H1/2025

‌Order Entry by Region

(in €m)

155.2

134.7

7.7

17.0

5.8

22.4

22.7

21.1

74.1

79.8

32.4

11.4

11.1

15.8

2.5

34.4

JAPAC NEMEA LATAM NA

CEU

66.8

71.9

Q2/2024

Q2/2025

H1/2024

H1/2025

3.2

15.8

10.7

15.7

22.1

33.3

Solid growth in CEU (+8%) with slightly decreasing share of total order entry (-4pp to 46%).

Continued strong growth trend in NA (+47%); increasing share of total order entry (+5pp to 21%).

JAPAC returned to YoY growth

in Q2.

Strong order entry in relation to S/4HANA and RISE with SAP projects: +12% to € 84.3m (H1 2024: € 75.2m); share of total order entry at 54% (H1 2024:

56%).

‌Reconciliation EBIT - Q2

EBIT

(in €m)

+0.7

-5.4

+10.3

-2.3

-4.4

8.4

-0.4

6.9

Q2 2024

Revenue

COGS

One-offs

Personnel expenses

OPEX

Q2 2025

EBIT was significantly impacted by negative FX and one-off effects after Q2-EBIT of the previous year had been positively affected by the settlement with community of heirs and positive FX effects.

Good operational trend in the development of COGS and OPEX.

FX: essentially impaired by

dollar weakness.

‌Reconciliation EBIT - H1

EBIT

(in €m)

+0.1

-5.4

-3.9

+22.8

-10.2

12.5

-1.1

14.8

H1 2024

Revenue

COGS One-offs

Personnel expenses

OPEX

H1 2025

Sustained positive impact of

revenue growth (20% YoY).

Revenue: Service segment:

€ +14.5m (+12%); € +4.7m in

Software segment (+12%); EXA: € 3.7m (+74%).

Increased personnel expenses mainly due to higher number of employees and salary increases in 2024.

‌Guidance for 2025 confirmed

FY 2024

Order entry

€ 310.6m

Revenue

€ 254.8m

EBIT

€ 28.6m

Guidance 2025

Book-to-Bill-Ratio >1

€ 270m - 280m

€ 30m - 34m

‌Agenda

Overview:

Q2/H1 2025 Results

Detailed Financials

Q&A

H1 2025	H1 2024	Δ
138.9	116.0	+20%
127.4	104.4	+22%
-81.9	-72.3	-13%
-24.9	-12.2	-104%
20.0	17.7	+13%
14.8	12.5	+19%
12.3	11.3	+9%
8.6	7.9	+90%

‌Income Statement Q2/H1 2025

(in €m)	Q2 2025	Q2 2024	Δ
Revenue	72.3	62.0	+17%
Gross profit	66.6	55.6	+20%
Personal expenses	-41.5	-37.6	-10%
Other income/expenses	-15.4	-4.8	-220%
EBITDA	9.5	11.1	-14%
EBIT	6.9	8.4	-18%
EBT	5.3	7.8	-32%
Net income	3.8	5.5	-31%

Gross profit margin

EBITDA margin

EBIT margin

92.1%	89.7%	+2.4pp
13.2%	18.0%	-4.8pp
9.6%	13.6%	-4.0pp

Increased personnel expenses mainly due to (1) higher number of employees and (2) salary increases in 2024.

Other operating expenses increased; mainly due to FX losses (+€ 3.1m to € 6.7m), driven primarily by negative USD-effects, and increased other PEX (+€ 0.8m to € 2.3m).

91.7%	90.0%	+1.7pp
14.4%	15.2%	-0.8pp
10.7%	10.7%	0pp

Other operating income decreased by € 4.8m to € 3.1m; last year positively impacted by the receivables purchase and assignment agreement in June 2024 (€ 3.5 m).
Significantly improved EPS (undiluted) by € 0.11 to € 1.20.
© 2025 SNP I DATA. TRANSFORMATION. EXPERIENCE. 15

‌Revenue Growth in all three Segments
(in €m)
∑ 62.0
36.7
22.5
2.8
∑ 72.3
22.6
45.8
3.9
∑ 116.0
72.3

38.7

EXA

Software Services

H1/2024

5.0

∑ 138.9

86.8

43.4

H1/2025

8.7

Double digit growth (20%) in Services segment, due to good delivery situation.
Increase in Software revenue is a result of higher sales of program licenses, primarily for the implementation of numerous SAP S/4HANA projects, as well as higher maintenance and cloud revenue.
EXA with stable growth trend.
Q2/2025
Q2/2024
Book-to-bill: 1.12

‌Strongly Improved Segment Margins

Services

Software EXA

31.2%

29.1%

31.5%

27.7%

31.1%

44.5% 44.2%

1.7%

3.4%

6.1%

4.4%

13.2%

Q2 H1

2024 2025

Service margin was impacted in part by investment in people and internationalization strategy, but shows good progress to recover.
Revenue at previous year's level leads to slight decline in software margin in Q2.
EXA with positive margin development. 17

‌Order Entry Q2/H1 2025 and Order Backlog

101.4

85.0

Order Entry

Order Backlog

(in €m)

+42%

∑ 244.9

+15%

∑ 199.2

7.7

+8%

∑ 134.7

8.4

∑ 155.2

8.2

∑ 74.1

3.1

∑ 79.8

1.0

EXA

Software Service

Q2 2024

Q2 2025

H1 2024

H1 2025

Jun 30 '24 Jun 30 '25

45.8

54.2

25.3

24.6

41.3

143.9

45.6

164.3

47.6

65.1

15.5

Order entry volume increase year-over-year in 2025 to a new record level of € 155.2m.

Two thirds of order entry are attributable to the two strongest regions CEU and NA. (H1 2025:

€ 104.3m; +17%).

Strong development in our strategic growth markets (Brazil, Nordics, France, Middle East and Mexico); order entry up by 63% to around € 17m in H1 2025.

23% increase in order backlog compared to H1 2024.

‌Reconciliation Order Backlog H1 2025

Order Backlog

(in €m)

+155.2

-138.9

+0.4

-8.5

236.7

244.9

Dec. 31,

2024

Order entry

Revenue

Projects remeasurements

June 30,

2025

Slight increase in order backlog by 3% compared to year end 2024.

Projects remeasurements

in H1 2025 by € -8.5m.

Order backlog includes

€15.5 m from EXA.

‌Balance Sheet Structure

Assets (in €m)	June 30, 2025	Dec. 31, 2024
Cash & cash equivalents	64.8	72.5
Other financial assets	0.0	0.8
Receivables & contract assets	109.6	102.0
Other currents assets	11.8	7.3
Total current assets	186.2	182.6
Total non-currents assets	124.6	130.7
Total assets	310.8	313.3

Equity & Liabilities (in €m)
Total current liabilities	108.9	85.0
Total non-current liabilities	65.7	90.3
Equity	136.2	138.0
Total Equity & Liabilities	310.8	313.3

Decreased cash and cash equivalents resulting mainly from negative investing cash flow significantly influenced by the acquisition of minority interests in EXA AG.
Within current assets, contract assets increased by € 13.0m to € 31.7m due to higher POC (Percentage of Completion) receivables, while trade receivables decreased by € 5.3m to € 83.2m. This development is chiefly attributable to a fundamental increase in business volume.
2025 SNP - DATA. TRANSFORMATION. EXPERIENCE.
Increased current liabilities: within, trade payables increased by € 3.9m to € 12.7m. Contract liabilities increased by € 6.0m to
€ 17.6m in line with contract assets.

Slightly decreased Equity ratio of 43.8% (-0.3pp).

‌Cash flow Statement Q2/H1 2025

(in €m)	Q2 2025	Q2 2024	Δ (abs.)	H1 2025	H1 2024	Δ (abs.)
Net income	3.8	5.5	-1.7	8.6	7.9	0.7
Depreciation	2.6	2.8	-0.2	5.2	5.3	-0.2
Change in W/C	-16.3	-15.0	-1.4	-11.9	-10.2	-1.7
Change in other items	0.3	1.0	-0.8	3.4	1.6	1.8
Operating Cash flow	-9.7	-5.6	-4.1	5.4	4.7	0.7
Investing Cash flow	-11.6	-0.5	-11.1	-11.9	4.1	-16.0
Repayment of lease liabilities	-1.4	-1.4	0.0	-2.9	-2.7	-0.1
Free Cash flow	-22.7	-7.5	-15.2	-9.4	6.0	-15.4
W/C ratio (LTM)				15.3%	25.7%

Increased W/C in Q2 mainly due to higher bonus payments and variable compensation for 2024; from a fully operational perspective, Core W/C only grew at a disproportionately low level.
Negative Operating Cash flow due to the decline in earnings combined with higher W/C (see above).
Negative Investing Cash flow mainly due to cash outflows from the sale of minority interests in EXA AG (€ 10.9 m) compared to proceeds from the sale of shares in All for One Poland in H1 2024 (€ 4.9 m).
In total, Free Cash flow turns negative.

‌Headcount

Headcount evolution Percentage headcount split by function per June 30, 2025

1,562

1,626

Dec. 31, 2024

+64

Changes

Jun. 30, 2025

58%

13%

14%

12%

Consulting

∑ 944; +3%

R&D

∑ 206; 0%

Sales & Marketing

∑ 232; +4%

Admin

∑ 194; -2%

Student & Trainees

∑ 50; +19%

‌Agenda

Overview:

Q2/H1 2025 Results

Detailed Financials

Q&A

‌We are happy to take your questions!

‌Financial Calendar 2025

Annual Report 2024

Interim Statement Q1 2025

Annual General Meeting 2025

Half-Year Financial Report 2025

Interim Statement Q3 2025

Mar 27, 2025

AMpar y258, 20245

JAJupnr 23570,, 22002245

Jul 31, 2025

Nov 6, 2025

‌Thank you

SNP Schneider-Neureither & Partner SE

Speyerer Strasse 4

69115 Heidelberg Germany

+49 6221 64 25 - 0

+49 6221 64 25 - 20

info@snpgroup.com https://www.snpgroup.com

linkedin.com/company/snp-schneider-neureither-&-partner-se

Marcel Wiskow, Director IR

+49 6221 64 25 - 637

Investor.relations@snpgroup.com

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