Calian Group (CGY) Investor presentation summary

Company overview and market position

• Over 40 years of history with a workforce of 5,800 and a market cap of $542M, headquartered in Ottawa.

• FY24 revenues reached $747M, with revenue split across learning (15%), advanced technologies (28%), ITCS (29%), and health (28%).

• Customer base is 49% commercial and 51% government, with 68% of revenues from Canada and 32% international.

• Product and service mix is 30% products and 70% services.

• Serves major clients in space, defense, health, and government sectors, including global leaders and Canadian agencies.

Industry tailwinds and growth opportunities

• Defense, space, and health sectors are experiencing strong growth due to increased spending and technological advancements.

• Canada and NATO countries are raising defense budgets, driven by geopolitical tensions and security needs.

• Space sector growth is fueled by private investment, connectivity infrastructure, and exploration initiatives.

• Health sector benefits from aging populations, medical technology, and focus on preventive care.

• Defense revenues have grown at a 16% CAGR from 2020 to 2024, reflecting sector momentum.

Financial performance and execution

• Achieved double-digit revenue and adjusted EBITDA CAGR, with revenues rising from $343M in 2017 to $747M in 2024.

• Adjusted EBITDA increased from $27M in 2017 to $70M in 2024, with a 20% CAGR.

• Targeting $1B in revenues and $125M in adjusted EBITDA by FY26, driven by 5% organic and 10% acquisition growth.

• Focused on doubling adjusted EBITDA over three years through margin expansion and acquisitions.