Circle (CIRC) Investor Presentation summary

Business overview and strategic positioning

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

• Operates proprietary platforms such as Milos®, MasterSped®, and StarTracking®, and offers EU affairs consultancy and funding accelerator services.

• International presence with offices in Italy, Belgium, Portugal, and partnerships in Turkey and Greece; over 170 employees from 9 nationalities.

• Completed 8 M&As since 2017, expanding into telematics, air cargo, and customs solutions.

• More than 30% of revenues generated outside Italy, with a focus on Southern Europe, Mediterranean, Black Sea, and Middle East.

Financial performance and growth

• 2024 revenues reached €14.6 million (+10% YoY), with proforma revenues at €21.4 million including recent acquisitions.

• 2024 adjusted EBITDA was €3.3 million (23% margin), proforma EBITDA €4.3 million (20% margin).

• Net profit adjusted at €1.8 million; NFP adjusted at €4.3 million, with a positive cash position and EU credits.

• 2025 guidance: consolidated production value expected between €22.8–€26.3 million, EBITDA €4.6–€5.5 million.

• Group backlog at €28.5 million (+109%), supporting future growth.

Product and service evolution

• Proprietary product revenues (proforma) reached €6.1 million in 2024, with Milos® up 20% and federative services up 92%.

• Revenue split: consultancy and projects (22%), product professional services (38%), licenses (19%), and product evolutions (17%).

• Strong R&D focus: €3.1 million invested in 2024, representing 21% of value of production.

• Integration of exyond and Circle Garage enhances telematics, infomobility, and automation offerings.

• Products recognized in Gartner's Supply Chain Operational Visibility Vendor Guide.