Catapult Sports (CAT) FY 2025 Annual General Meeting August 04, 2025 08:00 PM ET Company ParticipantsAdir Shiffman - Executive ChairmanWill Lopes - CEO, MD & DirectorDavid Schiller - Head - IRJames Orlando - Lead Independent Director & Chair - Audit & Risk CommitteeAdir ShiffmanGood morning, ladies and gentlemen. My name is Doctor. Adeel Shiffman, and I'm the Executive Chairman of Catapult Group International Limited in accordance with the company's constitution. As the company's Chairman, I'm also Chair of ...

Financial Data and Key Metrics Changes - Total revenue grew 19% year over year, reaching USD 116.5 million, reflecting significant scale of the business [4] - Annualized contract value (ACV) grew by 18% year over year, exceeding USD 100 million for the first time, reaching USD 101.2 million [4] - Management EBITDA improved to 13%, with an USD 11 million year over year improvement [4] - Free cash flow nearly doubled, reaching USD 8.6 million, an increase of USD 4 million from FY 2024 [5] - Incremental profit margin reached a record 65%, indicating sustainable operating leverage [5] Business Line Data and Key Metrics Changes - ACV retention rate was an impressive 96%, comparable to leading enterprise software companies [6] - ACV per protein (ARPU) rose 12% year over year to almost USD 27,000, accelerating from 7% growth in FY 2024 [6] - The number of pro teams using more than one Catapult solution grew 53% in FY 2025, with nearly 300 new multi-vertical teams added [6] Market Data and Key Metrics Changes - The professional sports technology market is projected to exceed USD 71 billion by 2030, doubling in the next five years [12] - Catapult serves over 4,600 teams across 40 sports and more than 100 countries, an increase of nearly 400 teams year over year [3][4] Company Strategy and Development Direction - Catapult aims to continue focusing on profitable growth, consistent with outcomes delivered in FY 2025 [11] - The company is positioned as a global category leader in performance technology for professional sports, leveraging its unified SaaS platform [12] - The acquisition of Perch is progressing well, with integration expected to enhance future growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future trajectory and its vital role in helping professional sports teams achieve peak performance [14] - The company reaffirmed guidance for strong ACV growth with low churn and higher free cash flow as the business scales [11] Other Important Information - The company plans to change its name to Catapult Sports Limited to align with its branding and market recognition [30][68] - The company has a strong focus on governance and improving gender diversity within its board and executive team [49][56] Q&A Session Summary Question: How does the company generate its revenue? - The company is predominantly a SaaS business, with around 95% of subscription revenue coming from elite sporting teams, retaining a 96% retention rate [34] Question: How scalable is the business? - The company has achieved significant scalability, retaining 65% of incremental revenue as profit, indicating strong operating leverage [37][39] Question: Why were items four and five put up for approval? - The company aims for transparency in capital raising and does not currently need to raise capital, but seeks shareholder input on these resolutions [41][42] Question: What is the company's stance on gender diversity on the board? - The company acknowledges the importance of gender diversity and is committed to improving governance practices over time [49][56] Question: Why change the company name? - The name change aims to eliminate confusion and align the formal name with how clients and employees refer to the company, enhancing brand equity [68]