8/21/2025

speaker
Lew Miller
Group Chief Executive Officer

Good morning and welcome to the presentation of Census GATSO Group's Q2 2025 Interim Report.

speaker
Operator
Conference Moderator

Welcome to the Census GATSO Group QT 2025 Report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now, I will hand the conference over to speakers CEO Lewis Miller and CFO Simon Mulder. Please go ahead.

speaker
Lew Miller
Group Chief Executive Officer

Good morning, and welcome to the presentation of Census GATSO Group's Q2 2025 Interim Report. My name is Lew Miller, Group Chief Executive Officer. I started with the company on June 16th of this year, bringing 20 plus years of industry experience in various senior leadership positions in global markets. Joining me this morning is Simon Mulder, the group's chief financial officer. I'll be speaking briefly on joining the company and then provide an overview of our strong quarterly results. I'll then turn the discussion over to Simon to review the group's financial results in greater detail before addressing our financial outlook for the remainder of the year and opening things up for questions. First and foremost, I'm thrilled with the opportunity to join the company and would like to thank Ivo, our prior CEO, for his excellent guidance of the company and smooth transition. Here at CensusGazzo, we have a strong history and globally recognized brand a global footprint in core markets, the strong demand for automated enforcement solutions, including in Europe, Asia Pacific and North America. And we have innovative technology backed by a talented and dedicated team. In short, we have a very strong foundation from which to grow. And again, I'm very excited for the opportunity to lead the company. Now, into my third month, I've been focusing on engaging with our global teams and stakeholders to better understand what drives our performance, assessing our markets to support good investment decisions backed by strong business cases, and evaluating our technology and go-to-market strategies to ensure we are positioned for success. All of this is with a clear goal of driving profitable growth and efficient operations. With that said, let's take a look at our financial results for Q2. Focusing first on our strong revenue results for the quarter, we achieved 204 million Swedish krona, representing a 22% increase over the same period in 2024. This included significant revenue from our core Swedish and Dutch projects, as well as the commencement of trust revenue from our Saudi maintenance contracts. The U.S. business is recovering nicely from last year's legislative changes in Iowa with incremental revenue from new contracts and program expansions. Overall, we continue to see strong demand in our core markets with numerous opportunities in process. Turning next to EBITDA, we are also pleased with our Q2 results. EBITDA for the quarter amounted to 31.4 million Swedish krona, or a margin of 15.4%. This is up from 7.3% in Q1 and a 29% increase over Q2 2024. Overall, our EBITDA margin for the first half of the year is 11.8%. We believe our Q2 results better reflect our underlying operational performance heading into the second half of the year. With that, I'd like to turn things over to Simon to speak to our group financial results in greater detail.

Disclaimer

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