SYS-DAT

Investor Presentation • Jul 21, 2025

UNLOCKING THE FUTURE

Lunch meeting Italian investors 22 July 2025

1

This document has been prepared by Sys-Dat Group S.p.A. (the "Company" or "Sys-Dat Group") for information purpose only, it contains only summary information and, therefore, it is preliminary in nature. Furthermore, it has been drafted without claiming to be exhaustive. By attending this presentation ("Presentation") or otherwise viewing this Presentation, or having access to the corresponding information, you are agreeing to be bound by the following.

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THIS PRESENTATION AND ANY RELATED ORAL DISCUSSION DO NOT CONSTITUTE AN OFFER TO THE PUBLIC OR AN INVITATION TO SUBSCRIBE FOR, PURCHASE OR OTHERWISE ACQUIRE ANY FINANCIAL PRODUCTS, AS DEFINED UNDER ARTICLE 1, PARAGRAPH 1, LETTER (T) OF LEGISLATIVE DECREE NO. 58 OF 24 FEBRUARY 1998, AS AMENDED. Therefore, this document is not an advertisement and in no way constitutes a proposal to execute a contract, an offer or solicitation to purchase, subscribe or sell for any securities and neither it or any part of it shall form the basis of or be relied upon in connection with any contract or commitment or investments decision whatsoever. The Company has not prepared any prospectus for the purpose of the initial public offering of its securities. Any decision to purchase, subscribe or sell for securities will have to be made independently of this Presentation. Therefore, nothing in this Presentation shall create any binding obligation or liability on the Company and its affiliates and any of their advisors or representatives. Likewise, this Presentation is not for distribution in, nor does it constitute an offer of securities for sale in the United States of America, Canada, Australia, Japan, South Africa or any jurisdiction where such distribution is unlawful, (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act"). Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any US person. Any failure to comply with this restriction may constitute a violation of United States securities laws.

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SYS-DAT: Unlocking the future

01 ICT market in Italy 02 SYS-DAT growth 03 M&A activity

01 ICT market in Italy

Digital market forecast 2024-2028

Services provided by SYS-DAT keep growing with a significant boost from Digital Enablers 2025

Market growth impacted by HW and Communication services small % increase

Tabella 1: Mercato digitale in Italia, 2022-2028							Fonte: NetConsulting cube, 2025
GDM - Dati in min €														2022 2024 2025 2026 2027E 2028E 23/22 24/23 25/24 26E/25E 27E/26E 28E/27E TOM 24/28
Dispositivi e sistemi							20.924.8 19.921,5 20.238,0 20.527,3 20.870,0 21.163,8 21.418,4 2	-4,8%	1,6% :					1.4%
Software e soluzioni ICT							8.615,2 9.111,9 9.465,5 9.784,2 10.118,4 10.118,4 10.450,9 10.783,4 10.783,4	5,8%	3.9%		3,4%	3,3% :	3,2% :
Servizi ICT							14.831,4 16.159,5 17.348,6 18.621,2 19.949,9 21.263,6 22.572,3	9,0%	7.4%		7.1% :	6,6% :	6,2%
Servizi di rete							18.199,7 18.232,4 18.451,4 18.745,8 19.058,2 19.403,6 19.774,6 19.774,6	0.2%	1.2%	1.6% :	1.7% :	1.8% :		1.7%
Contenvti e pubblicità digitale							14.469.1 15.264,2 16.113,1 16.113,1 16.778,7 17.306,5 17.815,3 18.311,9 1	5,5% :	5,6% :	4,1% :	3,1% :	2,9% :	2,8% :	3,2%
Totale mercato GDM	77.040.1 78.689,5 81.616,6 84.457,3 87.303.0 90.097,3 92.860,6 - 1								2,1% 3,7% 3,7%		3.5%	3.2%	3.1%	3.3%

SW and ICT solutions and ICT Services are the fastest growing with a 2025-2028 CAGR of 5.5%

Data source: Il digitale in Italia 2025, Anitec-Assinform Rapporto giugno 2025

02 SYS-DAT growth

SYS-DAT HISTORICAL GROWTH

SYS-DAT doubled its size in 3 years between 2021 and 2024 and added a significant acquisition in Q1 2025 2025

CURRENT PERFORMANCE – Q1 2025

Significant leap also driven by A&C group consolidation, with Revenue organic growth of 9.2%

31.03.25 vs 31.03.24

• Revenue:	€ 22.4m	+ 61.6%
• EBITDA:	€ 4.1m	+ 55.4%
• Net Income:	€ 1.3m	+ 23.0%
• NFP:	€ 14.9m	- 17.3m (*)
• Liquidity:	€ 51.3m	+ 2.9m (*)

(*) 31.03.25 vs 31.12.24

03 M&A activity

Q1 2025 CASH FLOW FOLLOWING A&C GROUP ACQUISITION

Strong Operating Cash Flow Increase from Q1 2024

Operating Cash Flow is growing thanks to business management and it is mainly invested in M&A opportunities

BUY – BUSINESS CONSOLIDATION PROGRESSING

Integration and combination processes of the latest acquired companies is well in progress