Cyberoo (CYB) Investor presentation summary

Business profile and market position

• First cyber security vendor listed on the Italian Stock Exchange; 700+ mid-size and enterprise customers, 200+ qualified resources and five EMEA locations.

• Listed on Euronext Growth Milan on 7 October 2019; IPO market capitalization €27m and first-day trading exceeded €6m.

• Gartner forecast information security market growth of 11.2% annually through 2025, reaching $233bn; 60% of organizations expected to use MDR-provider threat disruption and containment by 2025, vs. 30% currently.

• Named a representative vendor in Gartner’s 2021 and 2023 MDR Market Guides, and included in the new guide on 24 June 2024.

Services and operating model

• MDR combines Cypeer for monitoring internal IT systems and services with CSI, which uses ethical hackers and deep- and dark-web intelligence to identify external threats.

• Cypeer collects and correlates data from existing security applications; the i-SOC analyzes alerts and supports manual or automatic remediation.

• i-SOC operates 24/7/365, combining automated analysis, analysts, specialist investigations and incident response.

• Advisory offerings include risk assessment, cybersecurity advisory and vCISO, incident response, vulnerability assessment and penetration testing.

2023 financial performance

• Total revenue €22m, up 25.4% YoY; sales revenue €15.5m, up 40.6% YoY.

• EBITDA €9.3m, up 37.8% YoY; EBITDA margin 42.2%, up 3.8pp.

• Net profit €3.9m, up 42% YoY; NFP (cash) -€3.9m, up 103.5%.