Wiit (WIIT) investor relations material

Market trends and growth drivers

• Regulatory pressure and data sovereignty are accelerating demand for compliant cloud environments, especially in regulated sectors.

• Cloud security, zero-trust architectures, and modernization of legacy systems are driving increased cloud adoption.

• The European cloud market is forecast to reach €432B by 2030, with a 20.4% CAGR from 2025-2030.

• Private cloud is growing steadily, driven by digital transformation and migration from on-premise, with an 11% CAGR to $224B globally by 2030.

• Significant on-premise to cloud migration is underway in major European markets, with private cloud expanding at 10-25% CAGR.

Business model and competitive positioning

• Focuses on mission-critical workloads requiring Tier IV infrastructure, EU data sovereignty, and guaranteed SLAs.

• Operates an integrated value chain from datacenter to managed services, with 7 EU regions and 3 Tier IV data centers.

• Recognized for sovereignty by Forrester & Broadcom, differentiating from hyperscalers and commodity providers.

• Offers a hybrid cloud model, integrating AI, cybersecurity, and managed services for critical applications.

• Competes in business-critical private cloud across Italy, Germany, and Switzerland, with high entry and exit barriers.

Financial performance and structure

• Q1 2026 revenues reached €41.4M (+0.7% YoY), with 90.9% from recurring services and an EBITDA margin of 41.6%.

• FY2025 revenues were €167.9M (+5.9%), with €66.9M adj. EBITDA (+15.2%) and a margin of 39.8%.

• Italy and Germany are the largest contributors, with Italy showing a 54.2% EBITDA margin in Q1 2026.

• Net debt as of March 31, 2026, was €243.9M, with adjusted net debt at €137.5M and leverage at 2.3x (restated bond 2030 basis).

• Premium data center utilization is at 50-60%, allowing revenue growth without significant new CAPEX.