Gresham Technologies : 2023 Half Year Presentation

2023 Half Year Financial Results

This presentation (the "Presentation") has been prepared by and is the sole responsibility of Gresham Technologies plc (the "Company").

The information in this Presentation does not comprise an admission document, listing particulars or a prospectus relating to the Company or any subsidiary of the Company (together the "Group"), does not constitute an offer or invitation to purchase or subscribe for any securities of the Company, does not constitute or form part of a prospectus or admission document and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Presentation and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company.

The Presentation and the accompanying verbal presentation are confidential and the Presentation is being supplied to you solely for your information and may not be reproduced, distributed or otherwise disclosed to any other person or published, in whole or in part, for any purpose without the Company's consent. No reliance may be placed for any purpose whatsoever on the information contained in the Presentation and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Group its shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Presentation and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud). Recipients of this Presentation who are considering the subscription of securities are reminded that any subscription should be made solely on the basis of the information contained in public announcements released by the Company via a Regulatory Information Service. The information set out herein and given at the verbal presentation is subject to updating, completion, revision, verification and amendment, and such information may change materially.

The Presentation contain forward-looking statements, which relate, inter alia, to the Group's proposed strategy, plans and objectives. Forward-looking statements are sometimes identified by the use of terminology such as "believes", "expects", "may", "will", "could", "should" "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positions" or "anticipates" or the negatives thereof, other variations thereon or comparable terminology. By its very nature, such forward looking information requires the Group to make assumptions that may or may not materialise. Such forward- looking statements may be price sensitive and involve known and unknown risks, uncertainties and other important factors beyond the control of the Group that could cause the actual performance or achievements of the Group to be materially different from such forward-looking statements. Past performance of the Group cannot be relied upon as a guide to future performance. Accordingly, you should not rely on any forward-looking statements and the Group accepts no obligation to disseminate any updates or revisions to such forward-looking statements. No statement in this Presentation or accompanying verbal presentation is intended as a profit forecast or a profit estimate and no statement in this Presentation or accompanying verbal presentation should be interpreted as to mean that earnings per share for the current or future financial periods would necessarily match or exceed historical published earnings per share. As a result, you are cautioned not to place any undue reliance on such forward-looking statements.

2

Gresham at a glance

Our Purpose is to enable financial institutions to digitise their operations and have complete confidence in their data and their processing in order to improve their competitiveness and to manage their risk and reputation

Our platform

• An enterprise-grade SaaS platform to connect, reconcile and control 'any and all' data and processes
• 275 clients across 30 countries - leading tech partner to global banks, fund managers and institutions
• Business efficiency, risk and regulatory drivers

Awards

LocationsTeam

• Headquartered in London

• Highly experienced & ambitious leadership team

• 220 employees across 9 offices

• 82% engagement score

• Track record of integrating acquisitions

	Bristol - Southampton - Solihull - New York	• Investing in our people &
	Florida - Luxembourg - Sydney - Singapore	leadership
		Focus Industries		Financial Summary

Key Customers

Growth Strategy

Capital	Banking and	Investment
Markets	Payments	Management

Consistent, profitable, cash-generative growth in Clareti recurring

revenues

• Land and Expand
• Cross-sell
• International
• New industry sectors
• Product innovation
• Selective acquisitions

Insurance	Energy & Commodities	-H2	-H1	-H2	-H1	-H2	-H1	-H2	-H1	-H2	-H1	-H2	-H1	-H2	-H1
	-H1
	16	16	17	17	18	18	19	19	20	20	21	21	22	22	23

3

Gaining momentum throughout H1

• Revenues & margins in line with plans for year

• 95% contracted revenue visibility (at 30 June) over expected full-year outturn

• 5 new name Clareti contract wins

• 16 incremental upgrade contracts with existing customers

• Strengthening of sales and marketing leadership

• Industry awards in multiple categories for our Control products

• New digital banking product ready for launch

4

Financial model

High growth, high margin, sticky recurring revenues

Clareti revenues have grown to 75% of Group revenues

HY18 to HY23

Clareti ARR 5 year organic CAGR of 23%, or 36% including M&A

HY18 to HY23

	7%
	Clareti ARR growth driving Group
(11)%	cash EBITDA and improved
	margins

HY18 to HY23

With a growing

Clareti gross86% margin of

With an improving

Clareti ARR103% net retention rate of

NRR stated on a constant currency basis.

Driving	FCF
improvements to

5