Calian Group (CGY) Investor presentation summary

Business 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 49% from commercial and 51% from government customers.

• Revenue segmentation: 29% ITCS, 28% Advanced Technologies, 28% Health, 15% Learning.

• 68% of revenues are Canadian, 32% international; 70% services, 30% products.

• Key customers span defence, space, health, and government sectors, including major global and Canadian organizations.

Industry tailwinds and growth drivers

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

• Defence revenues have grown at a 14% CAGR, reaching $363M in LTM Q2-25, representing 49% of total revenues.

• Significant exposure to defence through ITCS, Health, Advanced Tech, and Learning segments.

Financial performance and execution

• Double-digit revenue and adjusted EBITDA CAGR since 2017; FY24 revenues at $747M and adjusted EBITDA at $92M.

• Strategic plan targets $1B in revenues and $125M in adjusted EBITDA by FY26, driven by organic and acquisition growth.

• Recent acquisitions (Decisive, MDA Nuclear Assets, Mabway, AMS) contributed to 53% of revenue and 59% of EBITDA targets.

• Short-term headwinds in ITCS due to cost pressures, delayed procurement, and investments for future growth.