74Software (74SW) Investor Presentation summary

Company overview and strategy

• Formed in 2024 through Axway's acquisition of SBS, creating a listed central entity with a diverse enterprise software portfolio focused on niche markets.

• Operates as an independent technology provider, aiming for sustainable value creation for customers, employees, and shareholders.

• Listed on Euronext Paris with a market capitalization of approximately €1.14 billion as of May 2025, and included in major Euronext indices.

• Employs 4,787 people across 26 locations, serving over 12,000 customers in more than 100 countries.

• Prioritizes a culture of employee engagement, customer experience, and long-term predictable growth.

Product portfolio and business model

• Offers integration solutions (Managed File Transfer, API Management, B2B Integration) and specialized products under Axway.

• SBS provides integrated, modular, and financing banking products, with a focus on SaaS and digital transformation.

• Emphasizes customer-centric, NPS-driven development, agile R&D, and standardized, rationalized product offerings.

• Maintains strong security, compliance, and cloud capabilities across its product suite.

• Invests in innovation through incubation zones, launching new SaaS solutions for regulatory reporting, digital engagement, and risk management.

Financial performance (FY2024 & Q1 2025)

• 2024 proforma revenue reached €690m, with organic growth of 5.6% and a margin on operating activities of 13.6%.

• Annual recurring revenue (ARR) grew to €246m for Axway (+7.4%) and €225m for SBS (+11.8%).

• Q1 2025 revenue was €170.4m, up 6.1% organically, with strong double-digit ARR growth for both Axway and SBS.

• Product revenue accounted for 79% of total revenue, with recurring revenue at 72%.

• Net profit for 2024 was €24.6m (3.6% of revenue), with unlevered free cash flow at 5.7% of revenue.