Cimpress plc

Welcome to the SimPress Q4 fiscal year 2026 earnings call. I will now introduce Meredith Burns, Vice President of Investor Relations and Sustainability.

Thank you, Ari, and thank you everyone for joining us. With us today are Robert Keane, our Founder, Chairman, and Chief Executive Officer, and Sean Quinn, our EVP and Chief Financial Officer. We appreciate the time that you've dedicated to understand our results, the commentary, and outlook, particularly at year end. This live Q&A session will last about 45 minutes or so and will answer both pre-submitted and live questions. You can submit questions via the questions and answers box at the bottom left of the screen. Before we start, I'll note that in this session we will make statements about the future. Our actual results may differ materially from these statements due to risk factors that are outlined in detail in our SEC filings and the earnings document we published yesterday on our website. We also have published non-GAAP reconciliations for our financial results on our IR website and we invite you to read all of those. So now I'll turn things over to Robert.

Hi everyone. Thank you very much for joining us today and it's great to be here. Meredith, thank you. I want to start with my perspective on the strong progress that we've made against the strategic and the operational themes that we've been pursuing for a while now. Then Sean is going to take you through our Q4 results and our updated guidance. We made great progress in fiscal 2026, right along the path that we've been describing for the past few years. That's true of our strategic objectives, manufacturing and supply chain excellence, elevated products, and design enablement. and it's true of our ways of working. The handful of shared capabilities like our mass customization platform, our velocity and our efficiency. I gave a lot of examples in my annual letter, so I won't go through them again here, but I'd really encourage you to read it. It lays out these themes and where we're investing to grow revenue and take out cost. For those of you who have not yet read the letter, There's one thing I want to call out, our new strategic partnership with Canva. Canva is one of the largest design platforms in the world. Hundreds of millions of people use it every month. We've launched a first set of Vistaprint branded products in Canada and the US. And by the end of September, we'll have expanded that range significantly and we'll have gone live in more than 25 additional countries. Canva is a real leader in artificial intelligence and Canva AI will plug directly into SimPress systems. There's a deep technical integration. So a customer can go from a design prompt to a professionally produced print ready Vistaprint product without ever leaving Canva. That gives us a meaningful new on-ramp to customers at scale and it gives Canva a production partner it can trust for its print shop strategy. It's a real growth opportunity for both companies. The strategic partnership is in its early days and we're excited about where this can go. I'm sure you'll have questions but I'll tell you up front we can't share much more today because of the confidentiality terms of the partnership. One more piece of progress that's worth speaking about today is since Our last call, we did close on the acquisition of Saxoprint. The logic here is simple. Saxoprint gives us a high-capability, focused production hub, exactly the kind of asset our cross-SynPress fulfillment strategy is built on. It will strengthen Print Brothers directly in the near term, and over the longer, I'd say mid-term, the value will extend beyond Print Brothers across our European businesses. It's another deliberate step in building the shared production capabilities and capacity that make the whole of Sympress network stronger. We're excited to have SaxoPrint on our team. So let's step back to the big picture of where Sympress is overall. First, the momentum we built this past year puts us in a strong position to deliver our profitability and free cash flow commitments through fiscal and the investments we're making will keep those metrics growing well beyond 2028. Second, our competitive advantages are significant. We have thousands of talented, dedicated people all pulling in the same direction on strategy, on operations, on our financial goals. And every year we give our customers more value. No competitor matches our scale. and none matches our ability or our willingness to keep investing in new product categories and in world-class manufacturing and supply chain. Third, ever since our startup days, we've harnessed digital technologies and software to create real value for customers while driving down costs. And AI is going to be a very exciting next chapter in that long history. but here's the thing, we've always made our money by producing customized physical products better than anyone else. These are real, tangible things. So even as AI speeds up the velocity with which we can create value and take out cost, it does not threaten our core economic engine. That engine is a huge growing range of customized physical products that we produce every day with high quality, low cost, and Fast Turnaround. So to sum it up, SimPress is executing well against the plans I laid out in my investor letter a year ago, in which our executive team walked you through in more detail at our investor day last September. And those plans build on years of work and the investment before that. We're building real capabilities and real advantages, ones that let us serve customers better, and keep up our multi-decade disruption of a very large, very fragmented market for customized marketing products and branded merchandise. Better profitability will show the intrinsic value that we're building per share and will deliver it without ever losing sight of the long term. Our path ahead is clear. On the numbers, this progress has let us raise our at least target for 2028 fiscal 2028 to 615 million dollars of adjusted EBITDA with free cash flow conversion of around 45 percent now let me be clear about why we share a multi-year EBITDA target it is not because EBITDA is our top objective it isn't our top objective is and has always been to intrinsic value per share. We share EBITDA as a target because it's public, it's measurable, it's a milestone on the path to much higher cash flow per share, and it holds us accountable. And it gives you a concrete way to track our progress. And I want to be direct about this. We would not chase this target through decisions we thought sacrificed intrinsic value per share for the near term. We just wouldn't do that, but we strongly believe that we can see multiple years of EBITDA expansion compatible with our intrinsic value for share objectives. With that, I'll hand it over to Sean to walk through the quarter and our financial outlook for the next two years.