Gigas Hosting S A : Q1 2023 Results Investor' Presentation

Diego Cabezudo Javier Cañete

CEOCFO

Q1 2023 Results Presentation for Investors

MAY 2023

gigas

Disclaimer

This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the "Information") relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter "Gigas", the "Company" or the "Gigas Group"). This Information may include financial forecasts and estimates based on assumptions or statements regarding plans, objectives and expectations that make reference to different matters, such as the customer base and its evolution, organic growth, potential acquisitions, Company's results and other aspects related to the activity and financial situation of the Company. The Information can be identified, in some cases, through the use of words such as "forecast", "expectation", "anticipation", "projection", "estimates", "plan" or similar expressions or variations of such expressions.

The Information reflects the current view of Gigas with respect to future events, and as such, do not represent any guarantee of future certain fulfilment, and are subject to risks and uncertainties that could cause the final developments and results to materially differ from those expressed or implied by such Information. These risks and uncertainties include those identified in the documents containing more comprehensive information filed by Gigas, such as Annual Accounts or the Incorporation Memorandum (Sept. 2015).

Except as required by applicable law, Gigas does not assume any obligation to publicly update the Information to adapt it to events or circumstances taking place after the date of this presentation, including changes in the Company's strategy or any other circumstance.

This presentation and the conference-call webcast (including the Q&A session) contains or might contain non-audited financial information as prepared by Management. The information contained herein should therefore be considered as a whole and in conjunction with all the public information regarding the Company available, including any other documents released by the Company that may contain more detailed information. Neither this document nor the conference-call webcast (including the Q&A session) constitute an offer to purchase, sale or exchange any shares, a solicitation of any offer to purchase, sale or exchange of any shares, or a recommendation or advice regarding any shares.

Q1´23 Key Highlights

Q1 2023 net revenues reached €16.6M, 12.3% up YoY (€14.8M), due organic growth and consolidation of TPartner acquired in Sept. 2022

Gross margin of €9.9M in Q1´23, 17.6% higher

• than €8.4M from same period last year. Margin % significantly above last year (59.6% vs 56.9%))

Adj. EBITDA for the 3 first months of the year

€ reached €3.8M, up 15.5% YoY (€3.3M) and 2.7% higher than €3.7M budgeted for the period

Low leverage (NFD of 1,92x EBITDA Budget) and

• good cash position (€9.9M), after TPartner

acquisition in September 2022

Strong commercial growth in Cloud and Cyber. services (double digit growth compared to the previous quarter) to become a convergent operator

Q1 2023 Revenues

• Net revenues grew to €16.6M in the first three months of the year, 12.3% higher than the €14.8M from same period last year and 5.0% growth over previous quarter, due mainly to cloud organic growth (and the consolidation of TPartner acquired in September 2022 in the annual growth), although slightly below budget (1.0% lower)
• Telecommunications services represented 60.7% of total revenues while cloud and cybersecurity represented 39.3%.

Quarterly Net Revenues

Revenue Contribution by Service

Revenue Evolution

Total Quarterly Revenues	Cloud & Cyber Quarterly Revenues
12.3%	41.0%

10.3%

5.0%

2022 Rev by Geography
			Q1´23 Rev by Service
	2022 Rev by Service