Cimpress (CMPR) investor relations material

Strategic positioning and market overview

• Operates in a $100 billion market focused on small and medium-sized businesses needing custom print and promotional products, with significant growth potential in less-penetrated categories like packaging, signage, and apparel.

• Maintains a decentralized business model with five reportable segments, leveraging both organic growth and acquisitions to serve diverse customer needs.

• Recent moves include closer integration of Vistaprint, National Pen, and BuildASign to share manufacturing, marketing, and engineering capabilities for efficiency and faster product launches.

• Geographic revenue is split evenly between North America and Europe, with additional presence in Australia, Brazil, and India.

Financial performance and outlook

• Expects 9%-10% reported revenue growth and 4%-5% organic constant currency growth for the fiscal year ending June, aided by acquisitions and currency benefits.

• Adjusted EBITDA guidance for the current fiscal year is $465 million, with a minimum target of $600 million by FY 2028, supported by cost savings and operational efficiencies.

• Free cash flow conversion is targeted at about 45% of adjusted EBITDA, aiming for $270 million in FY 2028.

• Net leverage ratio is being reduced, with a goal to reach 2.5x EBITDA by FY 2027 and potentially below 2x by FY 2028.

Operational initiatives and technology transformation

• Completed a major technology re-platforming, enabling AI-readiness, faster product launches, and improved cost structure.

• Focused on launching 'elevated products' such as packaging, booklets, and apparel, which drive higher wallet share and attract higher-value customers.

• Manufacturing and supply chain excellence is a core advantage, with increased cross-business fulfillment and specialized production hubs generating cost savings.

• Recent M&A includes tuck-in acquisitions and a definitive agreement to acquire SAXOPRINT and viaprinto, expected to close in FY 2027, enhancing manufacturing capabilities and cross-brand product launches.