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1© FINEOS Corporation Ltd Annual General Meeting Anne O’Driscoll, Chairman & Michael Kelly Founder & CEO 12 June 2025 For personal use only
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2© FINEOS Corporation Ltd FY241 Financial Highlights Subscription Revenue €69.9m Total Revenue €133.2m Cash Position €19.8m at 31 December’24 EBITDA €20.2m EBITDA margin 15.2% Gross Profit €100.4m GP margin 75.4% ARR €71.2m at 31 December’24 Up 6.9% on CY23 Up 6.6% on CY23 Subscription revenue now represents 52.5% of total revenue Up 9.0% on 31 December 2023 GP margin up from 70.8% in CY23 EBITDA margin up from 7.6% CY23 No debt FINEOS transitioning to a higher quality subscription revenue business with improving margins 21. FY24 represents the new financial year of 12 months to 31 December 2024. 2. “CY23” (calendar year 2023) represents the 12 months to 31 December 2023. For personal use only
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3© FINEOS Corporation Ltd FY24 Operational Highlights Important Customer Success milestones for the FINEOS Platform for Employee Benefits FINEOS Absence for Employers ready for market FINEOS Absence for Employer now live with 2 large US employers since Q3 and Q4 2024 respectively Success in growth and cost efficiency continues to improve operating margins Further cost and automation efficiencies planned in FY25 FINEOS NB/U available for sale - now an integral component of FINEOS AdminSuite Won 2 new name US deals for FINEOS Absence (IDAM) in H2 2024 – Voya & Equitable Further strengthens FINEOS Absence and FINEOS Claims as the market leader Growing partnerships with North American system integrators FINEOS New Business & Underwriting product rewrite was completed as SaaS cloud native in Q4 2024 Guardian live on FINEOS AdminSuite New York Life – GBS launched Voluntary Benefits on FINEOS AdminSuite Working with 2 SI’s to implement our 2 new deal wins in FY24 For personal use only
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4© FINEOS Corporation Ltd© FINEOS Corporation Ltd. 4 Achieve positive FCF for FY25 and cash generative thereafter Progressively embed AI with the FINEOS Platform for improved performance and outcomes Guardian Life – 1/1/2026 Phase 2 go live on FINEOS AdminSuite to enable further scaling Continue to invest in Customer Success to scale and move FINEOS clients off their legacy core systems Increase new business sales as well as cross sell more FINEOS AdminSuite to our existing FINEOS clients Continue to grow and build our partnerships with key System Integrators Build pipeline and deal conversions for FINEOS Absence for Employer Continue to improve operational efficiencies to gain greater margins Execute our mission: global market leader in group, voluntary and absence employee benefits FY25 Key Priorities For personal use only
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5© FINEOS Corporation Ltd© FINEOS Corporation Ltd. 5 • FY25 (1 January – 31 December) revenue to be in the range €138m - €143m • Guidance reflects ongoing work on large programs and the lengthy sales cycles • On track for successful delivery of key projects to replace legacy systems with several large carriers to maximise product subscriptions • Continue strategy of cost savings through operational efficiencies. FY25 total costs expected to decrease (versus FY24) • Continue to expect free cashflow in FY25 in aggregate • Pipeline remains strong as the FINEOS Platform for Employee Benefits market reputation grows Outlook & Guidance for FY25 For personal use only
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6© FINEOS Corporation Ltd© FINEOS Corporation Ltd. 6 Disclaimer This presentation has been prepared by FINEOS Corporation Holdings PLC (Company or FINEOS). By accessing or attending this presentation, you acknowledge that you have read and understood the following statements. NO OFFER OF SECURITIES Nothing in this presentation should be construed as either an offer or a solicitation of an offer to buy or sell securities in the Company in any jurisdiction or be treated or relied upon as a recommendation or advice by the Company. NOT FINANCIAL PRODUCT ADVICE Nothing in this presentation constitutes legal, financial, tax or other advice or any recommendation by the Company. The information in this presentation does not take into account the particular investment objectives, financial situation, taxation position or needs of any person. You should not rely on the presentation and in all cases, you should conduct your own investigations and analysis of the financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and business affairs of the Company, and the contents of this presentation and seek legal, financial, tax and other professional advice. FORWARD-LOOKING STATEMENTS This presentation may contain certain forward-looking statements, forecasts, estimates, projections, beliefs and opinions (Forward Statements). Forward-looking statements can be identified by the use of 'forward-looking' terminology, including, without limitation, the terms 'believes', 'estimates', 'anticipates', 'expects', ‘projects’, 'predicts', 'intends', 'plans', 'propose', 'goals', 'targets', 'aims', 'outlook', 'guidance', 'forecasts', 'may', 'will', 'would', 'could' or 'should' or, in each case, their negative or other variations or comparable terminology. Forward Statements involve elements of subjective judgment and analysis, and are subject to known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future, assumptions which may or may not prove correct, and may be beyond the Company’s ability to control or predict. No representation or guarantee is made by the Company or any other person that any of these Forward Statements or forecasts will be achieved or proved to be correct. Readers are cautioned not to place undue reliance on Forward Statements and the Company assumes no obligation to update such statements (except as required by applicable regulations or by law). PAST PERFORMANCE Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon (and is not) and indication of future performance. FINANCIAL INFORMATION All financial values contained in this presentation are in Euros (€) unless otherwise stated. This presentation contains a number of non-IFRS financial measures. The Company believes this information provides useful information for investors and form key performance indicators for the Company. Financial information in this presentation including totals and percentages may be subject to rounding. THIRD PARTY INFORMATION AND MARKET DATA This presentation contains information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, reliability, adequacy or completeness of the information. This presentation should not be relied upon as a recommendation or forecast by the Company. NO LIABILITY OR RESPONISBILITY The information in this presentation is provided in summary form and is therefore not necessarily complete. To the maximum extent permitted by law, the Company and each of its subsidiaries, affiliates, directors, employees, officers, partners, agents and advisers and any other person involved in the preparation of this presentation disclaim all liability and responsibility (including without limitation, any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use or reliance on anything contained in, or omitted from, this presentation. The Company accepts no responsibility or obligation to inform you of any matter arising or coming to its notice, after the date of this presentation, which may affect any matter referred to in this presentation. This presentation should be read in conjunction with the Company's other periodic and continuous disclosure announcements lodged with ASX. For personal use only