FD Technologies : Results for the year ended 29 February 2024

www.fdtechnologies.com

FY24 full year results

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Cautionary Statement

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Forward-looking Statements

Certain statements contained in this presentation constitute forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company's financial condition, business strategy, plans and objectives, are forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including, for example, the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Such risks, uncertainties and other factors include, among others: inherent difficulty in predicting customer behaviour; customers may not respond as we expected to our sales and marketing activities; the competitive environment; our ability to adapt to technological change; business interruption or failure of our systems architecture and communication systems; problems with implementing upgrades to our applications and supporting information technology infrastructure; any failure to properly use and protect personal customer information and data; our ability to manage and maintain third party business partnerships; increased regulation of our businesses; changes in laws; any failure to process transactions effectively; any failure to adequately protect against potential fraudulent activities; any significant quality problems or delays; the global macro-economic environment; the potential for one or more countries exiting the Eurozone; the implications of the EU Withdrawal Act and the disruption that may result in the UK and globally from the withdrawal of the UK from the European Union; our inability to attract, retain and develop talented people; our ability to repurchase shares; our inability to adequately protect our intellectual property rights; disruptions, expenses and risks associated with any acquisitions and divestitures; amortisation of acquired intangible assets and impairment charges; our use of debt to finance acquisitions or other activities; and the cost of, and potential adverse results in, litigation involving intellectual property, competition authority, shareholders and other matters. These forward-looking statements speak only as at the date of this presentation. Except as required by the Financial Conduct Authority, or by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events, or otherwise.

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FY24 in review

Difficult year across the Group with enterprise software and services demand subdued

Addressed execution challenges in KX with improvements to product, greater sector focus and additions to the team

KX gross ARR increased 21%

First Derivative adjusted EBITDA margin maintained at 11%

Structure review and MRP merger completed

Business Units set up for success

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First Derivative: protecting margin and competitive positioning

FY24 a challenging year with reduced investment bank technology budgets

Focused on areas where customers maintained spending and we are protected by deep domain expertise

We responded to the challenges in FY24 by becoming leaner, adapting our service delivery and focusing on those areas where customer demand held up, particularly in technology and engineering services. Our deep domain skills allied to the market fit of the services we provide leave us well placed to benefit as investment bank technology budgets are released.

FY25 guidance:

• Revenue is expected to be in the range of £160m to £170m at maintained EBITDA margin, based on continued caution in customer spending
• Revenue stabilised at Q4 run rate

4

Driving growth opportunities in FY25

Priorities

Scalable sustainable growth in KX to drive value

Delivering the First Derivative

divestment transaction

A pure play well funded high growth

KX software business

Group structure review concluded

Merger of MRP with CONTENTgine

• Creates a leader in B2B demand generation services
• Expected to generate positive cash EBITDA by end calendar 2024
• Future exit to generate return on our 49% holding

Separation of KX and First Derivative

• Process under way with advisers appointed
• Measured approach to ensure value achieved
• Further updates as appropriate

5

FY24 progress and actions

Transformation from custom solutions to repeatable products & use cases

Innovate & Democratise

Establish new verticals

New channels and partners

PROGRESS

• kdb+ 4.1
• PyKX - open source
• Insights offerings
• KDB.AI launch
• Significant wins (>£1m) in Aerospace & Defence, High Tech Manufacturing (Semiconductor)
• Initial wins via CSPs
• OEM channel success

ACTIONS

• Modernised heritage code for improved price/performance
• Hardened feature maturity in priority use cases
• Building on proven use cases in focused verticals
• Joint GTM strategy for high value use case development
• MDaaS service with multiple providers vs one CSP

7

KX market opportunity

KX plays in the highest growth Data and Analytics segments

• High-growthopportunities in Data Science and AI Platforms ($20B), Analytics and BI Platforms ($26B), and NRDBMSs ($53B)

KX is strategically positioned

• Operates at the intersection of these high- growth segments.
• Provides a unique, integrated platform combining database, analytics & BI & Data science & AI

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Why customers choose KX

High-performance timeseries database and analytics platform

Increased data throughput by 20,000%... never before seen capability

Enhanced

performance, scale and yield

at 1/4 the TCO

Scalability

Ultra-low latency

	Database
Efficient	Data	Analytics
use of	Science
& BI
resources	& AI

Unrivalled price to performance

Bring algorithms & models to data

Perform complex analytics

Query at speed of thought

A&D partner (SRC) customer case study

"The only limitation is the questions we think to ask"

Major North American

equities Exchange

Semi-conductor Partner,

case study

"The ability to marry

disparate processes and metrics quickly, reliably and with flexibility"

Tier 2 capital markets

customer (Stifel)

STAC validates kdb+ as the clear winner in	5 star status
17 out of 18 speed tests	on G2.com	9

Generative AI is an expanding market opportunity for KX

Broadening use cases through generative AI

Example: Generating Alpha

Transaction data	Documents: Analyst reports
market data	Audio: Results transcripts
Reference data	Video: News

	Structured Data	Unstructured
		Data
Database		Data Pipelines &
	Data Management
Data	Model Development &
Science		Experimentation
& AI
Analytics	Analytics	Search		Apps
& BI
				KX "AI factory"

At unbeatable scale and performance

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