Title: Factsheet – 31 December 2024 URL Source: https://is.gd/FrRrfK Published Time: Tue, 29 Apr 2025 10:43:06 GMT Markdown Content: 1year %3years % p.a. 5years % p.a. 10 years % p.a. 20 years % p.a. Share price 25.7 10.5 17.9 20.5 15.9 NAV per share 10.4 8.9 18.2 18.1 15.3 FTSE All-Share Index 9.5 5.8 4.8 6.2 6.9 Share price performance relative to the FTSE All-Share Index 16.2 4.7 13.1 14.3 9.0 NAV per share performance relative to the FTSE All-Share Index 0.9 3.1 13.4 11.9 8.4 Past performance is not a reliable indicator of future results. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount they originally invested. Total returns refer to a return where it is assumed that an investor has reinvested all dividends at the time when they were paid. # Factsheet – 31 December 2024 NAV per share Share price Market capitalisation Net assets LTM sales growth* LTM EBITDA growth* # 545.5 p 539.0 p £2.5bn £2.5 bn +19 % +23 %The objective of HgCapital Trust (‘HgT’) is to provide shareholders with consistent long-term returns in excess of the FTSE All-Share Index by investing predominantly in unquoted companies where value can be created through strategic and operational change. The investment opportunity Hg has managed the HgT investment portfolio since 1994 Exposure to a portfolio of >50 fast growing companies diversified by end market and geography – with enterprise values of £100 million to over £10 billion Strategy focused on unquoted software and technology-enabled business services with resilient, recurring revenue streams Invest alongside some of the world’s largest investors in private equity, in high-growth companies sourced by Hg Together we build enduring software and services leaders that transform how people work >400 employees, including >250 investment and portfolio management executives Network of seasoned professionals from across industry who support management teams to create value and help businesses to achieve their full potential Sharing of knowledge and expertise by facilitating the active collaboration of management teams across sector clusters and geographies Historical total return performance hgcapitaltrust.com Factsheet – December 2024 | 1*Top 20 investments (76% of the portfolio value) hgcapitaltrust.com Factsheet – December 2024 | 2 Factsheet – 31 December 2024 Long-term performance to 31 December 2024 20-year performance +1,816.6 % +15.9 %p.a. +15.3 %p.a. +9.0 %p.a. Total share price return Annualised share price total return Annualised NAV per share total return Share price performance relative to the FTSE All-Share Index Long-term performance 20 largest investments Past performance is not a reliable indicator of future results. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount they originally invested. Total returns refer to a return where it is assumed that an investor has reinvested all dividends at the time when they were paid. 10-year share price total return: +545% p.a. Total valuation £000 Portfolio value % 1 Visma 373,008 12.8% 2 Access 286,431 9.8% 3 Howden 180,787 6.2% 4 IFS 155,781 5.3% 5 AuditBoard 128,700 4.4% 6 Litera 121,593 4.1% 7 Septeo 108,523 3.7% 8 P&I 106,359 3.6% 9 Ideagen 97,659 3.3% 10 IRIS 93,128 3.2% 11 Sovos 79,470 2.7% 12 FE fundinfo 78,337 2.7% 13 insightsoftware 71,211 2.4% 14 team.blue 57,512 2.0% 15 Caseware 53,393 1.8% 16 Rhapsody 52,113 1.8% 17 Trackunit 50,590 1.7% 18 GGW 48,160 1.6% 19 Gen II 47,887 1.6% 20 Benevity 47,077 1.6% 2,237,719 76.3% Total (top 20) 700 650 600 550 500 450 400 350 300 200 150 250 100 50 Performance Index Dec’14* Dec’15 Dec’16 Dec’19 Dec’20 Dec’21 Dec’22 Dec’24 Dec’23 Dec’18 Dec’17 FTSE All-Share Index Share price NAV per share +6.2% p.a. +20.5% p.a. +18.1% p.a. *Performance record rebased to 100 at 31 December 2014. Source: Hg, Factset. hgcapitaltrust.com Factsheet – December 2024 | 3 Factsheet – 31 December 2024 Portfolio at 31 December 2024 HgT provides exposure to a portfolio of >50 software and services businesses, with diversification across markets, vintages and geographies. Hg ‘cluster’ by value Investment vintage by value Geographic spread by value* 31% Tax & Accounting 22% ERP & Payroll 19% Legal & Regulatory Compliance 8% Insurance 7% Fintech 5% Technology Services 5% Healthcare IT 3% Automation & Engineering 30% 2024 1% 2023 19% 2022 24% 2021 26% pre -2021 32% UK 28% North America 20% Scandinavia 10% DACH 10% Other Europe > *based on portfolio company headquarters hgcapitaltrust.com Factsheet – December 2024 |4 Factsheet – 31 December 2024 Environmental, social and governance matters Socially responsible investment The Board has endorsed Hg’s policy to invest in a socially responsible manner. Hg’s focus is on identifying high -quality and sustainable businesses, and supporting their growth for the benefit of shareholders and wider society. The Board monitors investment activity to ensure it is compatible with these policies. HgT has no employees and has limited direct impact on the environment. HgT aims to conduct itself responsibly, ethically and fairly and has sought to ensure that Hg’s management of investments takes account of social, environmental and ethical factors where appropriate. The sectors in which the Manager invests do not generally raise material ethical issues. www.hgcapitaltrust.com is constantly updated to ensure that the you can always access HgT’s latest data and information on your computer or mobile device in a transparent, convenient and intuitive manner. If you have any suggestions on improvements we can make to the site, please do get in touch at: investorrelations@hgcapital.com Website Website NAV per Share: 545.5p Share price (as at 31.12.24): 539.0p Share price premium/(discount) to NAV: (1%) Index: FTSE 250 Net Assets: £2.5 billion Market capitalisation: £2.5 billion Shares in issue: 457,728,500 Continuation vote: 2025 Ticker code: HGT.L For more information on the structure and fee arrangements for HgCapital Trust plc, please refer to the HgCapital Trust report and accounts, available at: www.hgcapitaltrust.com Management fee arrangements Important information: Please remember past performance is not a reliable indicator of future results. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations. You may not get back the amount you invest. HgCapital Trust plc (HgT) is not authorised to give financial advice. This information should not be considered an offer, invitation, recommendation or solicitation to deal in investments. HgT has a long-term policy of borrowing money (gearing) in the expectation that this will improve returns but should stockmarkets fall, such borrowings would magnify losses on these investments. All sources are HgT unless otherwise stated. Issued and approved by Hg Pooled Management Limited, registered in England and Wales (company number 02055886) 2 More London Riverside, London, SE1 2AP. Authorised and regulated by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN with firm reference 122466. Calendar AGM 14.05.25 Half year 30.06.25 Interim results 15.09.25 Full year 31.12.25 Final results 09.03.26 Broker Contact details Board of Directors Hg Pooled Management Limited www.hgcapital.com +44 (0)20 8396 0930 Manager Deutsche Numis Securities Ltd 45 Gresham Street London EC2V 7BF HgCapital Trust plc 2 More London Riverside, London SE1 2AP Barty Bodilly George Crowe Laura Dixon +44 (0)20 8396 0930 investorrelations@ hgcapital.com Jim Strang (Chairman) Richard Brooman John Billowits Helena Coles Pilar Junco Erika Schraner