Circle (CIRC) Investor Presentation summary

Business overview and market positioning

• International leader in digital solutions for port and intermodal logistics, with a focus on sustainability, energy transition, and EU affairs consultancy.

• Main products include Milos®, Sinfomar, MasterSped®, StarTracking®, and federative services, serving clients across Southern Europe, the Mediterranean, Black Sea, and Middle East.

• Over 30% of revenues generated outside Italy, with a network of 120+ employees and professionals.

• Six successful M&As since 2017, expanding expertise in port, customs, logistics automation, advocacy, and air cargo technology.

• Key clients include major ports, logistics companies, and global brands such as IKEA and PSA.

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.

• Proprietary platform revenues, especially Milos®, doubled in 2023; SaaS and pay-per-use models drive growth.

• Q1 2024 revenues grew 16% year-on-year to €3.6 million, with proprietary products up 30%.

• Adjusted net financial position at €4.1 million (cash positive), supported by EU credits.

• 2024-2027 revenue CAGR projected at 23%, with EBITDA margin expected to remain above 24%.

Strategic roadmap and innovation

• 2027 strategy centers on smart cooperation, regulatory compliance, and global connectivity, leveraging IT and federative services.

• Focus on supply chain visibility, automation, AI, machine learning, and digital twin technologies.

• Significant R&D investment (17% of 2023 value of production), with emphasis on product evolution and EU-funded innovation.

• Expansion into new markets (Balkans, Morocco, Turkey, Egypt, Greece, Central Europe, Middle East) and increased participation in international projects.

• Systematic M&As and alliances to drive scale, with a target of over €50 million annual revenues by 2028-2029.