Talenom (TNOM) Investor presentation summary

Demerger overview

• Talenom's Easor software business will be separated into an independent, publicly listed company, with shareholders receiving one Easor share for each Talenom share owned (1:1 ratio).

• The demerger aims to enable focused strategies, faster growth, and clearer organizational structures for both entities.

• The Board of Directors has approved the demerger plan, with a proposed effective date in Q1 2026, pending shareholder approval.

Market trends and strategic rationale

• Digitalization in financial management is accelerating, driven by legislation (PSD2, e-invoicing, e-receipts, EU Green Transition) and changing customer behavior.

• Spain and Italy are key growth markets due to rapid digital adoption and high switching barriers.

• New regulations like Verifactu (2026) and elnvoice (2027) in Spain will require millions of companies to adopt compliant software, creating significant upsell opportunities.

Easor business highlights

• Easor serves over 15,000 SME clients and 60,000 software end-users, with annual recurring revenue exceeding €20 million.

• The platform processes over 10 million transactions annually and operates in four active markets with more than 120 employees.

• Partner offices and network effects drive customer acquisition and retention.