Circle (CIRC) Investor Presentation summary

Business overview and strategic positioning

• Specializes in digital solutions for port and intermodal logistics, with a focus on sustainability and energy transition.

• Operates internationally, with over 30% of revenues from outside Italy and offices in Italy, Belgium, Portugal, and partnerships in Turkey and Greece.

• Offers proprietary platforms such as Milos®, Sinfomar, MasterSped®, and StarTracking® for logistics, customs, and supply chain visibility.

• Provides consultancy in EU affairs, funding acceleration, and strategic communication, supporting public and private entities.

• Completed six M&As since 2017, expanding expertise in port, customs, logistics automation, and air cargo technology.

Financial performance and growth

• 2023 revenues reached €13.2 million (+22% vs 2022), EBITDA €3.2 million (24% margin), and net profit €1.7 million.

• H1 2024 revenues grew to €7.3 million (+10%), with proprietary product revenues up 27% and EBITDA up 37%.

• Proprietary platform revenues, especially Milos®, doubled in 2023 and rose 37% in H1 2024.

• Revenue split in 2023: 42% from product licenses, 24% consultancy, 16% product professional services, 15% help desk, 3% product evolutions.

• 2027 financial targets include a 23% CAGR in revenues, with proprietary products and federative services as key growth drivers.

Strategic roadmap and innovation

• The 2027 Connect 4 Agile Growth plan focuses on smart cooperation, regulatory compliance, and digital transformation in logistics.

• Emphasizes global supply chain visibility, federative digital services, and integration of AI, machine learning, and digital twins.

• Targets expansion in the EU, Mediterranean, and MENA regions, leveraging EU-funded projects and international consultancy.

• Invests around 17% of production value in R&D, focusing on automation, AI, and green solutions.

• Plans systematic M&As and alliances to reach over €50 million annual revenues by 2028-2029.