Wiit (WIIT) Corporate Presentation summary

Strategic highlights and business overview

• Operates a premium European cloud platform focused on business-critical applications, with offerings spanning SaaS, PaaS, and managed services, emphasizing resilience, security, and data sovereignty.

• Presence in 7 European regions, 3 Tier IV data centers, and 18 branches (9 abroad), serving over 200 top clients and 580 direct clients.

• Completed 15 acquisitions since 2007, with recent expansion in Germany and Switzerland through strategic M&A.

• Listed since 2017, with a focus on consolidating the Italian market and expanding in Germany as part of the Cloud4Europe project.

• Multi-cloud and hybrid cloud models enable high service levels, business continuity, and integration with hyperscalers.

Financial performance and growth

• FY2024 revenues reached €158.6M (+21.9%), with adjusted EBITDA at €58.0M (+14.4%) and adjusted EBIT at €29.0M (+3.6%).

• Q1 2025 revenues grew 22.6% to €41.1M, with adjusted EBITDA up 21.0% to €15.8M and net profit up 4.1% to €4.3M.

• Group recurring revenues (ARR) for Q1 2025 at €33.7M (+26.2%), representing 89.9% of total revenues.

• Net debt at March 2025 was €176.0M (adjusted), with strong operating cash flow and ongoing investments in IT infrastructure.

• Multi-year order backlog as of January 2025 stands at €247.3M, 1.6x 2024 sales, reflecting high contract visibility.

Market positioning and competitive landscape

• Focuses on business-critical private cloud, competing with both system integrators and hosting providers, with a core area in managed, secure, and customizable cloud services.

• Germany is the largest and fastest-growing hybrid cloud market in Europe, with a CAGR of 17.14% (2024-2028).

• European cloud market trends include rapid PaaS growth, increased demand for cloud security, and regulatory emphasis on data sovereignty.

• Key client sectors include telco & media (23%), fashion & retail (19%), and financial services (14%).

• Top 50 accounts contribute 36% of annual revenues, with high average revenue per top client.