Synexo Group (SYNEXO) Investor Presentation summary

Business overview and growth strategy

• Focuses on niche B2B software with high recurring revenue and low churn, targeting profitable organic growth and accretive M&A.

• Operates with a diversified customer base of over 1,000 clients and 45 resellers, emphasizing data security and low customer churn.

• Management and board have significant industry experience and own 48.5% of shares, aligning interests with shareholders.

• M&A strategy targets non-cyclical, mission-critical software companies, with 16 targets in the pipeline and 4 in active discussions.

• Inspired by Constellation Software's long-term value creation model, focusing on quality acquisitions and reinvestment.

Financial performance and key metrics

• Achieved SEK 4.7m ARR as of November 2025, up 46% year-over-year pro forma, with signed ARR at SEK 9.0m.

• Net retention rate at 116% and customer churn at 3.1% LTM, reflecting strong customer loyalty and upsell.

• Gross margin at 62% LTM, with Cash-EBITDA at SEK -0.9m LTM; both subsidiaries are cash-flow positive.

• Lean organization with 3.5 FTEs, supporting scalable growth and significant operating leverage.

• No interest-bearing debt, SEK 3.2m cash, and no potential earn-outs; self-funded with positive operating working capital.

Market opportunity and outlook

• Operates in the global Backup-as-a-Service market, projected to grow at 31.8% CAGR to USD 33.18bn by 2030.

• Internal market includes resellers seeking to switch suppliers, representing additional ARR potential.

• Targets >20% average organic annual growth and >70% gross margin in the medium term.

• 2026 goals: live ARR of SEK 12m (100% organic growth), total signed ARR >SEK 18m, and continued cost discipline.

• Profits to be reinvested in acquisitions or distributed to shareholders, maintaining a solid balance sheet.