Maps (MAPS) Investor Presentation summary

Business overview and evolution

• Focus on innovative custom software, advanced data analytics, and digital transformation across healthcare, energy, and ESG sectors.

• Growth driven by acquisitions, product innovation, and expansion into fast-growing markets.

• Transitioned from custom projects to a product-based business model, with a strong emphasis on recurring revenues.

• IPO on Borsa Italiana provided recognition and growth momentum.

• Strategic acquisitions, such as Ellysse, enhance capabilities in virtual assistance and omnichannel solutions.

Financial performance and key metrics

• 2024 revenues reached €29.8M, up 8% from 2023, with EBITDA at €7.4M, a 47% increase.

• EBITDA margin improved to 24.7% from 18.1% in 2023.

• Net financial position improved significantly, halving debt to €7.0M.

• 87% of revenues in 2024 came from proprietary products, with 41% from recurring fees.

• Operating costs remained stable, while gross and EBITDA margins increased year-over-year.

Business unit performance and market positioning

• Healthcare unit led with €18.5M in revenues and a 29% EBITDA margin, maintaining leadership in patient experience solutions.

• Energy and ESG units showed double-digit revenue growth, with strong market positioning in energy community management software.

• Healthcare solutions adopted by 20% of public hospitals and all major private groups in Italy.

• Energy business benefits from a rapidly expanding market, with €5.7B allocated to energy communities and €12.7B to efficiency initiatives.

• Ellysse acquisition strengthens non-healthcare and healthcare virtual assistance offerings.