6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of February 2019

Commission File Number: 001-38607

ENDAVA PLC

(Name of Registrant)

125 Old Broad Street

London EC2N 1AR

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  

x Form 20-F   ¨ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

EXHIBIT LIST

Exhibit	Description
99.1	Press Release dated February 28, 2019
99.2	Investor Presentation Q2 FY2019

Exhibit 99.1, other than the portions of Exhibit 99.1 under the caption "Outlook", are hereby expressly incorporated by reference into the registrant’s registration statement on Form S-8 filed with the Securities and Exchange Commission on December 7, 2018 (File no. 333-228717).  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ENDAVA PLC
Date: February 28, 2019	By:	/s/ John Cotterell
		Name: John Cotterell
		Title: Chief Executive Officer

EX-99.1

Q2 FY2019

ENDAVA ANNOUNCES SECOND QUARTER FISCAL YEAR 2019 RESULTS

Q2 FY2019

43.6%Year on Year Growth in Revenue to £71.8 million

42.4% Constant Currency Revenue Growth

IFRS diluted EPS £0.14 compared to £0.10 in the prior year period

Adjusted diluted EPS £0.20 compared to £0.12 in the prior year period

London, U.K. – Endava plc(NYSE: DAVA), a global provider of digital transformation, agile development and intelligent automation services, today announced results for the three months ended December 31, 2018, the second quarter of its 2019 fiscal year ("Q2 FY2019").

"Q2 FY2019 was another record quarter for Endava, with revenue of £71.8 million, a strong growth of 43.6% Year on Year on a reported basis from £50 million in the same quarter in the previous fiscal year. This remarkable revenue growth was driven by the expansion of our existing customers particularly our larger ones, as well as the acquisition of new customers." said John Cotterell, Endava’s CEO.

“We delivered strong results in Q2 FY2019 with Profit Before Tax at £9.4 million and Adjusted Profit Before Tax at £13.6 million. Our strong client relationships contributed to our revenue growth and underpin future growth.” said Mark Thurston Endava’s CFO.”

FINANCIAL HIGHLIGHTS:

• Revenue for the second quarter ended December 31, 2018 was £71.8 million an increase of 43.6% compared to £50.0 million in the same period in the prior year.

• Revenue growth rate at constant currency(a non-IFRS measure) was 42.4% in the second quarter compared to 29.0% in the same period in the prior year.

• Profit before tax in the second quarter was £9.4 million compared to £6.0 million in the same period in the prior year or 13.1% of revenue compared to 12.0% in the same period in the prior year.

• Adjusted profit before tax (a non-IFRS measure) in the second quarter was £13.6 million compared to £7.5 million in the same period in the prior year or 18.9% of revenue compared to 15.0% in the same period in the prior year.

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Q2 FY2019

• Profit for the period was £7.4 million in the second quarter, resulting in a diluted EPS of £0.14, compared to profit for the period of £4.8 million and diluted EPS of £0.10 in the same period in the prior year.

• Adjusted profit for the period (a non-IFRS measure) was £10.9 million in the second quarter, resulting in adjusted diluted EPS (a non-IFRS measure) of £0.20 compared to adjusted profit for the period of £6.1 million and adjusted diluted EPS of £0.12 in the same period in the prior year.

• Net cash from operating activities was £9.6 million in the second quarter compared to £8.6 million in the same period in the prior year.

• Free cash flow(a non-IFRS measure) was £9.2 million in the second quarter compared to free cash flow of £7.4 million in the same period in the prior year.

• At December 31, 2018, Endava had cash and cash equivalents of £51.0 million, compared to £15.0 million at June 30, 2018. Net cash at December 31, 2018 was £51.0 million compared to net borrowing of £4.7 million at June 30, 2018.

OTHER METRICS:

• Headcount reached 5,389 at December 31, 2018, with 4,845 average operational employees in the second quarter compared to a headcount of 4,580 at December 31, 2017 and 3,684 average operational employees in the second quarter of the prior year.

• Number of clients with over £1 million in spend grew to 60 on a rolling twelve months basis at December 31, 2018 compared to 42 at December 31, 2017.

• Top 10 clients accounted for 38% of revenue in the second quarter down from 45% in the same period in the prior year.

• By geographic region, 27% of revenue was generated in North America, 28% was generated in Europe and 45% was generated in the United Kingdom in the second quarter. This compares to 15% in North America, 37% in Europe and 48% in the United Kingdom in the same period in the prior year.

• Revenue by industry vertical was as follows in the second quarter, Payments and Financial Services 53%, TMT 27% and Other 20%. This compares to Payments and Financial Services 62%, TMT 26% and Other 12% in the same period in the prior year.

2

Q2 FY2019

OUTLOOK:

For Q3 FY2019:

We expect revenues will be in the range £71.0m to £72.0m, representing constant currency growth of between 20% and 21%. We expect adjusted diluted EPS to be in the range of 16.0p to 17.0p per share.

Full Fiscal Year 2019:

We expect revenues will be in the range £284.0m to £286.0m, representing constant currency growth of between 29% and 30%. We expect adjusted diluted EPS to be in the range of 69.0p to 72.0p per share.

Endava is not able, at this time, to provide an outlook for IFRS diluted EPS for Q3 FY2019 or FY2019 because of the unreasonable effort of estimating certain items that are excluded from adjusted diluted EPS, including, for example, share-based compensation expense, amortisation of acquired intangible assets, foreign currency exchange (gains) losses, the effect of which may be significant.

CONFERENCE CALL DETAILS:

The Company will host a conference call at 8:00 am EST today to review the second quarter 2019 results. To participate in Endava’s second quarter 2019 earnings conference call, please dial in at least five minutes prior to the scheduled start time (877) 683-6368 or (647) 689-5450 for international participants, Conference ID 5350136.

Investors may listen to the call on Endava’s Investor Relations website at http://investors.Endava.com. The webcast will be recorded and available for replay until Friday March 15, 2019.

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Q2 FY2019

ABOUT ENDAVA PLC:

Endava is a leading next-generation technology services provider and helps accelerate disruption by delivering rapid evolution to enterprises. Using distributed enterprise agile at scale, Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Endava helps its clients become digital experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. It services clients in the following industries: Payments, Financial Services, TMT, Consumer Products, Logistics and Healthcare. Endava had 5,389 employees as of December 31, 2018 located in offices in North America and Western Europe and delivery centres in Romania, Moldova, Bulgaria, Serbia, Macedonia, Argentina, Uruguay, Venezuela, and Colombia.

NON-IFRS FINANCIAL INFORMATION:

To supplement Endava’s Consolidated Statements of Comprehensive Income and Consolidated Balance Sheets presented in accordance with IFRS, the Company uses non-IFRS measures of certain components of financial performance. These measures include: revenue growth rate at constant currency, adjusted diluted EPS, adjusted profit before tax, adjusted profit for the period and free cash flow.

Revenue growth rate at constant currency is calculated by translating revenue from entities reporting in foreign currencies into British Pounds using the comparable foreign currency exchange rates from the prior period. For example, the average rates in effect for the fiscal quarter ended December 31, 2017 were used to convert revenue for the fiscal quarter ended December 31, 2018 and the revenue for the comparable prior period.

Adjusted diluted EPS is defined as the Company's profit for the period adjusted to exclude the impact of share-based compensation expense, amortisation of acquired intangible assets, realized and unrealized foreign currency exchange gains and losses, fair value adjustment of contingent consideration, initial public offering expenses incurred and Sarbanes-Oxley compliance readiness expenses incurred (all of which are non-cash other than realized foreign currency exchange gains and losses, initial public offering and Sarbanes-Oxley compliance readiness expenses) and the tax impact of these adjustments, divided by weighted average number of shares outstanding - diluted.

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Q2 FY2019

Adjusted profit before tax is defined as the Company’s profit for the period adjusted to exclude the impact of share-based compensation, amortization of acquired intangible assets, realized and unrealized foreign currency exchange gains and losses, fair value adjustment of contingent consideration, initial public offering expenses incurred and Sarbanes-Oxley compliance readiness expenses incurred (all of which are non-cash other than realized foreign currency exchange gains and losses, initial public offering and Sarbanes-Oxley compliance readiness expenses).

Adjusted profit for the period is defined as the Company's profit for the period adjusted to exclude the impact of share-based compensation expense, amortisation of acquired intangible assets, realized and unrealized foreign currency exchange gains and losses, fair value adjustment of contingent consideration, initial public offering expenses incurred and Sarbanes-Oxley compliance readiness expenses incurred (all of which are non-cash other than realized foreign currency exchange gains and losses, initial public offering and Sarbanes-Oxley compliance readiness expenses).

Free cash flow is the Company’s net cash from/(used in) operating activities, plus grants received, less net purchases of non-current (tangible and intangible) assets.

In order for Endava’s investors to be better able to compare its current results with those of previous periods, the Company has shown a reconciliation of IFRS to non-IFRS financial measures. Management believes these measures help illustrate underlying trends in the Company's business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company's business and evaluating its performance. Endava believes the presentation of its non-IFRS financial measures enhances an investor’s overall understanding of the Company’s historical financial performance. The presentation of the Company’s non-IFRS financial measures is not meant to be considered in isolation or as a substitute for the Company’s financial results prepared in accordance with IFRS, and its non-IFRS measures may be different from non-IFRS measures used by other companies.

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Q2 FY2019

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by use of terms and phrases such as “believe,” “expect,” “will,” and other similar terms and phrases.  Such forward-looking statements include, but are not limited to, the statements regarding our projected financial performance for our third fiscal quarter and full-fiscal year 2019.  Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: our ability to sustain our revenue growth rate in the future;  our ability to retain existing clients and attract new clients, including our ability to increase revenue from existing clients and diversify our revenue concentration; our ability to attract and retain highly-skilled IT professionals at cost-effective rates; our ability to penetrate new industry verticals and geographies and grow our revenue in current industry verticals and geographies; our ability to maintain favorable pricing and utilization rates; our ability to successfully identify acquisition targets, consummate acquisitions and successfully integrate acquired businesses and personnel; the effects of increased competition as well as innovations by new and existing competitors in our market; the size of our addressable market and market trends; our ability to adapt to technological change and innovate solutions for our clients; our plans for growth and future operations, including our ability to manage our growth; our expectations of future operating results or financial performance; our ability to effectively manage our international operations, including our exposure to foreign currency exchange rate fluctuations; and our future financial performance, including trends in revenue, cost of sales, gross profit, selling, general and administrative expenses, finance income and expense and taxes, as well as other risks and uncertainties discussed in the “Risk Factors” section of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on October 11, 2018.  In addition, the forward-looking statements included in this press release represent our views and expectations as of the date hereof and are based on information currently available to us.  We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.

INVESTOR CONTACT:

Endava Plc

Laurence Madsen, Investor Relations Manager

6

Q2 FY2019

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Six Months Ended December 31				Three Months Ended December 31
	2018		2017		2018		2017
	£’000		£’000		£’000		£’000
REVENUE	138,248		97,542		71,834		50,011
Cost of sales
Direct cost of sales	(83,026)		(60,321)		(42,668)		(30,904)
Allocated cost of sales	(7,305	)	(6,046	)	(3,737	)	(3,099	)
Total cost of sales	(90,331	)	(66,367	)	(46,405	)	(34,003	)
GROSS PROFIT	47,917		31,175		25,429		16,008
Selling, general and administrative expenses	(31,008	)	(18,050	)	(16,345	)	(9,832	)
OPERATING PROFIT	16,909		13,125		9,084		6,176
Net finance (expense) / income	(4,860	)	(660	)	331		(153	)
PROFIT BEFORE TAX	12,049		12,465		9,415		6,023
Tax on profit on ordinary activities	(2,584)		(2,607)		(1,998)		(1,250)
PROFIT FOR THE PERIOD AND PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT	9,465		9,858		7,417		4,773
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations	662		255		930		234
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT	10,127		10,113		8,347		5,007
EARNINGS PER SHARE:
Weighted average number of shares outstanding - Basic	48,859,382		45,100,165		49,454,195		45,100,165
Weighted average number of shares outstanding - Diluted	54,454,333		49,436,677		54,892,513		49,596,219
Basic EPS	0.19		0.22		0.15		0.11
Diluted EPS	0.17		0.20		0.14		0.10

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Q2 FY2019

CONDENSED CONSOLIDATED BALANCE SHEETS

	December 31, 2018		June 30, 2018		December 31, 2017
	£’000		£’000		£’000
ASSETS - NON-CURRENT
Goodwill	42,447		41,062		40,517
Intangible assets	30,303		30,787		31,356
Property, plant and equipment	9,989		8,584		8,716
Deferred tax assets	2,519		2,488		919
TOTAL	85,258		82,921		81,508
ASSETS - CURRENT
Inventories	—		16		14
Trade and other receivables	63,766		52,352		49,349
Corporation tax receivable	546		677		—
Cash and cash equivalents	51,044		15,048		25,066
TOTAL	115,356		68,093		74,429
TOTAL ASSETS	200,614		151,014		155,937
LIABILITIES - CURRENT
Borrowings	39		19,744		38,917
Trade and other payables	41,892		40,243		28,522
Corporation tax payable	1,270		1,488		741
Contingent consideration	1,244		5,259		5,141
Deferred consideration	4,691		4,401		11,993
TOTAL	49,136		71,135		85,314
LIABILITIES - NON CURRENT
Borrowings	3		20		45
Contingent consideration	—		7,251		6,961
Deferred consideration	—		—		1,235
Deferred tax liabilities	2,601		2,832		2,692
Other liabilities	284		277		267
TOTAL	2,888		10,380		11,200
EQUITY
Share capital	1,061		996		996
Share premium	48,614		2,678		2,678
Merger relief reserve	4,430		4,430		4,430
Retained earnings	73,956		59,260		48,519
Other reserves	22,804		4,410		5,075
Investment in own shares	(2,275	)	(2,275	)	(2,275	)
TOTAL	148,590		69,499		59,423
TOTAL LIABILITIES AND EQUITY	200,614		151,014		155,937

8

Q2 FY2019

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended December 31				Three Months Ended December 31
	2018		2017		2018		2017
	£’000		£’000		£’000		£’000
OPERATING ACTIVITIES
Profit for the period	9,465		9,858		7,417		4,773
Income tax charge	2,584		2,607		1,998		1,250
Non-cash adjustments	13,305		2,672		4,808		1,057
Tax paid	(2,911	)	(2,274	)	(1,419	)	(963	)
UK research and development credit received	—		1,854		—		917
Net changes in working capital	(10,778	)	(2,289	)	(3,190	)	1,544
Net cash from operating activities	11,665		12,428		9,614		8,578
INVESTING ACTIVITIES
Purchase of non-current assets (tangibles and intangibles)	(3,964	)	(2,767	)	(2,070	)	(1,137	)
Proceeds/(Loss) from disposal of non-current assets	25		—		25		—
Acquisition of business / subsidiaries (net of cash acquired)	—		(17,392	)	—		(17,392	)
Interest received	126		23		52		19
Net cash used in investing activities	(3,813	)	(20,136	)	(1,993	)	(18,510	)
FINANCING ACTIVITIES
Proceeds from borrowings	3,500		22,979		3,500		22,971
Repayment of borrowings	(23,526	)	(13,643	)	(3,511	)	(4,620	)
Interest Paid	(222	)	(203	)	(74	)	(127	)
Grant received	1,784		—		1,679		—
Net proceeds from initial public offering	44,828		—		—		—
Net cash from financing activities	26,364		9,133		1,594		18,224
Net change in cash and cash equivalents	34,216		1,425		9,215		8,292
Cash and cash equivalents at the beginning of the period	15,048		23,571		41,765		16,634
Exchange differences on cash and cash equivalents	1,780		70		64		140
Cash and cash equivalents at the end of the period	51,044		25,066		51,044		25,066

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Q2 FY2019

RECONCILIATION OF ADJUSTED FINANCIAL MEASURES TO COMPARABLE IFRS FINANCIAL MEASURES

RECONCILIATION OF REVENUE GROWTH AT CONSTANT CURRENCY TO REVENUE GROWTH AS REPORTED UNDER IFRS:

	Six Months ended December 31				Three Months ended December 31
	2018		2017		2018		2017
REVENUE GROWTH AT CONSTANT CURRENCY	41.1	%	31.7	%	42.4	%	29.0	%
Foreign exchange rates impact	0.6	%	1.2	%	1.2	%	(0.5	%)
REVENUE GROWTH AS REPORTED UNDER IFRS	41.7	%	32.9	%	43.6	%	28.5	%

RECONCILIATION OF ADJUSTED PROFIT BEFORE TAX AND ADJUSTED PROFIT FOR THE PERIOD:

	Six Months Ended December 31				Three Months Ended December 31
	2018		2017		2018		2017
	£’000		£’000		£’000		£’000
PROFIT BEFORE TAX	12,049		12,465		9,415		6,023
Adjustments:
Share-based compensation expense	5,010		720		3,125		354
Amortisation of acquired intangible assets	1,752		960		873		479
Foreign currency exchange (gains) losses, net	(1,141	)	481		(436	)	44
Initial public offering expenses incurred	1,055		685		79		604
Sarbanes-Oxley compliance readiness expenses incurred	698		—		504		—
Fair value movement of contingent consideration	5,805		—		—		—
Total adjustments	13,179		2,846		4,145		1,481
ADJUSTED PROFIT BEFORE TAX	25,228		15,311		13,560		7,504
PROFIT FOR THE PERIOD	9,465		9,858		7,417		4,773
Adjustments:
Adjustments to profit before tax	13,179		2,846		4,145		1,481
Tax impact of adjustments	(2,349	)	(386	)	(666	)	(180	)
ADJUSTED PROFIT FOR THE PERIOD	20,295		12,318		10,896		6,074
Diluted EPS (£)	0.17		0.20		0.14		0.10
Adjusted diluted EPS (£)	0.37		0.25		0.20		0.12

10

Q2 FY2019

RECONCILIATION OF NET CASH FROM OPERATING ACTIVITIES TO FREE CASH FLOW

	Six Months Ended December 31				Three Months Ended December 31
	2018		2017		2018		2017
	£’000		£’000		£’000		£’000
Net cash from operating activities	11,665		12,428		9,614		8,578
Adjustments:
Grant received	1,784		—		1,679		—
Net purchases of non-current assets (tangible and intangible)	(3,939	)	(2,767	)	(2,045	)	(1,137	)
Free cash flow	9,510		9,661		9,248		7,441

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Q2 FY2019

SUPPLEMENTARY INFORMATION

SHARE-BASED COMPENSATION EXPENSE

	Six Months Ended December 31		Three Months Ended December 31
	2018	2017	2018	2017
Direct cost of sales	1,939	482	1,191	237
Selling, general and administrative expenses	3,071	238	1,934	117
Total	5,010	720	3,125	354

EMPLOYEES, TOP 10 CUSTOMERS and REVENUE SPLIT

Six Months Ended December 31	Six Months Ended December 31				Three Months Ended December 31
	2018		2017		2018		2017
Closing number of total employees	5,389		4,580		5,389		4,580
Average operational employees	4,726		3,621		4,845		3,684
Top 10 customers %	38	%	45	%	38	%	45	%
Number of clients with > £1m of revenue (rolling 12 months)	60		42		60		42
Geographic split of revenue %
North America	27	%	15	%	27	%	15	%
Europe	28	%	37	%	28	%	37	%
UK	45	%	48	%	45	%	48	%
Industry vertical split of revenue %
Payments and Financial Services	53	%	61	%	53	%	62	%
TMT	27	%	27	%	27	%	26	%
Other	20	%	12	%	20	%	12	%

12

Q2 FY2019

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – TRANSLATED INTO US$

	Six Months Ended December 31				Three Months Ended December 31
	2018		2017		2018		2017
	US$’0001		US$’0002		US$’0003		US$’0004
REVENUE	179,004		128,609		92,429		66,395
Cost of sales
Direct cost of sales	(107,502)		(79,533)		(54,901)		(41,028)
Allocated cost of sales	(9,459	)	(7,972	)	(4,808	)	(4,114	)
Total cost of sales	(116,961	)	(87,505	)	(59,709	)	(45,142	)
GROSS PROFIT	62,043		41,104		32,720		21,253
Selling, general and administrative expenses	(40,149	)	(23,799	)	(21,031	)	(13,053	)
OPERATING PROFIT	21,894		17,305		11,689		8,200
Net Finance (expense) / income	(6,293	)	(870	)	426		(203	)
PROFIT BEFORE TAX	15,601		16,435		12,115		7,997
Tax on profit on ordinary activities	(3,346)		(3,437)		(2,571)		(1,660)
PROFIT FOR THE PERIOD AND PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT	12,255		12,998		9,544		6,337
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations	857		336		1,197		311
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT	13,112		13,334		10,741		6,648
EARNINGS PER SHARE:
Weighted average number of shares outstanding	48,859,382		45,100,165		49,454,195		45,100,165
Weighted average number of shares outstanding - Diluted	54,454,333		49,436,677		54,892,513		49,596,219
Basic EPS	0.25		0.29		0.19		0.14
Diluted EPS	0.23		0.26		0.17		0.13

¹Translated solely for convenience into US dollars at the rate of £1.00=1.2948

²Translated solely for convenience into US dollars at the rate of £1.00=1.3185

³Translated solely for convenience into US dollars at the rate of £1.00=$1.2867.

⁴Translated solely for convenience into US dollars at the rate of £1.00=$1.3276.

13

EX-99.2

INVESTOR PRESENTATION Q2 FY2019

DISCLAIMER This presentation includes forward-looking statements. All statements contained in this presentation other than statements of historical facts, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words “anticipate,” believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements include, but are not limited to, the statements regarding our projected financial performance for our third fiscal quarter and full-fiscal year 2019.  Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: our ability to sustain our revenue growth rate in the future;  our ability to retain existing clients and attract new clients, including our ability to increase revenue from existing clients and diversify our revenue concentration; our ability to attract and retain highly-skilled IT professionals at cost-effective rates; our ability to penetrate new industry verticals and geographies and grow our revenue in current industry verticals and geographies; our ability to maintain favorable pricing and utilization rates; our ability to successfully identify acquisition targets, consummate acquisitions and successfully integrate acquired businesses and personnel; the effects of increased competition as well as innovations by new and existing competitors in our market; the size of our addressable market and market trends; our ability to adapt to technological change and innovate solutions for our clients; our plans for growth and future operations, including our ability to manage our growth; our expectations of future operating results or financial performance;  our ability to effectively manage our international operations, including our exposure to foreign currency exchange rate fluctuations; and our future financial performance, including trends in revenue, cost of sales, gross profit, selling, general and administrative expenses, finance income and expense and taxes, as well as other risks and uncertainties discussed in the “Risk Factors” section of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on October 11, 2018.  Except as required by law, we assume no duty to update any of these forward-looking statements after the date of this presentation to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this presentation. Moreover, except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements contained in this presentation. This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither we nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business. This presentation includes non-IFRS financial measures which have certain limitations and should not be considered in isolation, or as alternatives to or substitutes for, financial measures determined in accordance with IFRS. The non-IFRS measures as defined by us may not be comparable to similar non-IFRS measures presented by other companies. Our presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that our future results will be unaffected by these or other unusual or non-recurring items. See the IFRS to Non- IFRS Reconciliation section for a reconciliation of these non-IFRS financial measures to the most directly comparable IFRS financial measures. 2

LARGE AND FAST GROWING MARKET OPPORTUNITY DELIVER RAPID EVOLUTION BY STRONG GROWTH COMBINING NEXT-GEN AND FINANCIAL TECHNOLOGIES WITH FOUNDER-LED, EXPERIENCED PERFORMANCE DEEP INDUSTRY MANAGEMENT TEAM WITH EXPERTISE STRONG CULTURE IDEATION TO PRODUCTION CAPABILITIES, DISTRIBUTED AGILE AT SCALE, DOMAIN EXPERTISE AND NEAR-SHORE DELIVERY 3

ENGINEERING NEXT-GEN TECH ENTERPRISE AGILE WE ARE A PURE PLAY STRATEGY AUTOMATION NEXT-GEN TECHNOLOGY COMPANY USER EXPERIENCE TRADITIONAL CONSULTANTS IT SERVICES & AGENCIES 4

$668B 2021 % DIGITAL 20 TRANSFORMATION CAGR SERVICES* WE SERVE A LARGE ADDRESSABLE $390B * WORLDWIDE SEMIANNUAL DIGITAL 2018 TRANSFORMATION SPENDING GUIDE MARKET IDC NOVEMBER 2017 5

GLOBAL STAFF 5,3 89 AS OF DECEMBER 31, 2018 CLOSE TO CLIENT DENMARK, GERMANY, NETHERLANDS, UNITED KINGDOM, UNITED STATES NEARSHORE DELIVERY EUROPEAN UNION: ROMANIA, BULGARIA;
 
 CENTRAL EUROPEAN COUNTRIES: MACEDONIA, MOLDOVA AND SERBIA; 
 
 LATIN AMERICA: ARGENTINA, COLOMBIA, URUGUAY AND VENEZUELA Employee Geography FY16 FY17 FY18 Q2FY18 Q2FY19 Western Europe 237 233 232 233 238 EU Countries 1,572 2,314 2,578 2,504 2,904 Non-EU Countries 928 1,073 1,279 1,159 1,453 Latin America - 68 665 616 731 North America 58 56 65 68 63 2,795 3,744 4,819 4,580 5,389 6

CONCISE COMPUDAVA ALPHEUS NICKELFISH VELOCITY PARTNERS UK MOLDOVA
 GERMANY
 USA
 USA & LATAM
 IT CONSULTANCY NEARSHORE
 CONSULTING DIGITAL, UX, & NA SALES & DELIVERY BUSINESS STRATEGY FIRM LATAM DELIVERY PS TECH ISDC BAIN SERBIA
 NETHERLANDS
 PARTNERSHIP AGILE DELIVERY & CE
 ANNOUNCED AGILE DELIVERY IPO EXPAND
 EXPAND
 EXPAND
 NYSE FOUNDED IN TO CE TO USA TO LATAM JULY 2018 2000 2019 HEADCOUNT 60 240 1,000 2,000 5,389 HISTORY OF ENDAVA 7

WE MAKE OUR CLIENTS MORE MORE & MORE ENGAGING RESPONSIVE EFFICIENT AGILE BUSINESS AUTOMATION DIGITAL
 CREATIVE INSIGHTS MOBILEDIGITAL
 DISTRIBUTEDSMART 
 SOFTWARE
 TESTINGTEST CONTINUOUS APPLICATIONSADVANCED 
 SERVICESMART
 
 STRATEGY THROUGH EXECUTION ARCHITECTURE AGILE DEV ENGINEERING AUTOMATIONSERVICES & CD & DEVOPS CLOUD MANAGEMENTAM & UX DATA & IoT AUTOMATION ENGINEERING DELIVERY DESK 8

TODAY BANKING PAYMENTS HEALTHCARE RETAIL / CPG LOGISTICS TIME TECHNOLOGY DISRUPTION WAVES & CONVERGENCE 9

SCALABILITY BRAND CULTURE M&A AS WE STRIVE TO BE THE TO SUPPORT THIS GROWTH, WE WE USE TUCK-IN ACQUISITIONS TO ASPIRATIONAL BRAND FOR IT NEED LEADERSHIP AND HAVE ACCELERATE OUR GROWTH PROFESSIONALS IN THE DEVELOPED THE ‘PASS IT ON’ STRATEGY - TO EITHER ESTABLISH REGIONS IN WHICH WE INITIATIVE WHICH DRIVES OURSELVES IN A NEW GEO OR TO OPERATE, WE ATTRACT HIGH LOYALTY AND LOWERS ESTABLISH A NEW AREA OF QUALITY TALENT. ATTRITION. EXPERTISE AND MARKET GROWTH. 10

FINANCIALS 11

FINANCIAL HIGHLIGHTS MASTER SERVICE AGREEMENTS WITH CLIENTS PRIMARILY T&M BASED PRICING LONG-TERM CLIENT RELATIONSHIPS STRONG REVENUE GROWTH HEALTHY MARGINS LOW CAPEX REQUIREMENTS POSITIVE FREE CASH FLOW 12

REVENUE (£m) 220m CAGR 37.3% 138.2 110m 97.5 71.8 Q2 50 84.1 115.4 159.4 217.6 47.5 66.4 Q1 0m FY15 FY16 FY17 FY17 _ 6m18 6m19 FY15 FY16 FY17 FY18 6M18 6M19 JUNE 30 DEC 31 OVER LAST 5 YEARS, 89.1% OF REVENUE (ON AVERAGE) EACH FISCAL YEAR WAS GENERATED FROM CLIENTS IN THE PREVIOUS YEAR. *SEE PAGE 20 FOR RECONCILIATION OF IFRS TO NON-IFRS METRICS STRONG REVENUE GROWTH 13

PROFIT BEFORE TAX (£m) ADJUSTED PROFIT BEFORE TAX (£m)* 35m 35m CAGR 27.7% 25.2 17.5m 17.5m 15.3 12.4 12.0 13.5 Q2 7.5 6.0 9.4 Q2 15.2 20.8 21.7 24.6 6.4 2.6 Q1 16.1 22.8 25.2 33.5 7.8 11.7 Q1 0m 0m FY15 FY16 FY17 FY18 _ FY17 FY18 FY15 FY16 FY17 FY18 _ FY17 FY18 FY15 FY16 FY17 FY18 6M18 6M19 FY15 FY16 FY17 FY18 6M18 6M19 JUNE 30 DEC 31 JUNE 30 DEC 31 MARGIN 18.1% 18.0% 13.6% 11.3% 12.8% 8.7% 6M MARGIN 19.2% 19.7% 15.8% 15.4% 15.7% 18.2% 6M 12.0% 13.1% Q2 15.0% 18.9% Q2 13.5% 3.9% Q1 16.4% 17.6% Q1 *SEE PAGE 20 FOR RECONCILIATION OF IFRS TO NON-IFRS METRICS ROBUST PROFITABILITY 14

2-10 TOP CLIENT REVENUE % TOP CLIENT No. OF CLIENTS / REVENUE > £1m 100% 60 66% 54% 49% 42% 45% 45% 30 50% 38% 38% 50% 38% 36% 31% 33% 28% 33% 28% 16% 16% 13% 11% 12% 10% 12% 10% 18 26 34 46 42 60 0 0 FY15 FY16 FY17 FY17 _ FY17 FY18 - q218 q219 FY15 FY16 FY17 FY18 6M18 6M19 Q2FY18 Q2FY19 FY15FY15 FY16 FY17FY17 FY18 _ Q2FY18 FY18Q2FY19 JUNE 30 DEC 31 DEC 31 JUNE 30 DEC 31 DEEP CLIENT RELATIONSHIPS 15

AVERAGE SPEND: AVERAGE SPEND: TOTAL No. OF CLIENTS TOP 10 CLIENTS (£000s) REMAINING CLIENTS (£000s) 300 9,0009000 600 6750 150 4,5004500 300 2250 112 154 188 258 197 271 5,510 6,200 7,820 9,040 4,407 5,246 2,240 2,730 284 434 504 597 360 456 209 263 0 00 0 FY15 FY16 FY17 FY17 _ FY17 FY18 FY15 FY16 FY17 FY18 _ FY17 FY18 - Q218 Q219 FY15 FY16 FY17 FY18 _ FY17 FY18 - Q218 Q219 2015 2016 2017 2018 Q2FY18 Q2FY19 FY15 FY16 FY17 FY18 6M18 6M19 Q2FY18 Q2FY19 FY15 FY16 FY17 FY18 6M18 6M19 Q2FY18 Q2FY19 AS OF JUNE 30, AS OF DEC 31, JUNE 30 DEC 31 DEC 31 JUNE 30 DEC 31 DEC 31 INCREASING NUMBER & SPEND OF CLIENTS 16

N.AMERICA EUROPE REVENUE % BY REGION UK 100% 20% 10% 15% 18% 16% 12% 21% 27% 18% 27% Q2 FY2019 34% 50% 34% 37% 28% REVENUE % BY VERTICAL 53% 78% 64% 50% 45% 48% 45% 0% FY15 FY16 FY17 FY17 _ FY17 FY18 PAYMENTS AND FINANCIAL SERVICES FY15 FY16 FY17 FY18 Q2FY18 Q2FY19 TECHNOLOGY, MEDIA, & TELECOMMUNICATIONS JUNE 30 DEC 31 OTHER* *OTHER INCLUDES CONSUMER PRODUCTS, 
 HEALTHCARE, LOGISTICS AND RETAIL VERTICALS DIVERSE REVENUE BASE: GEOGRAPHY & INDUSTRY VERTICALS 17

CAPITAL EXPENDITURES (£m) FREE CASH FLOW (£m) (1)   8m 30.0030m 20.0020m 3.9 4m 2.8 9.7 9.5 10.0010m 2.0 1.2 Q2 7.5 9.2 Q2 2.1 2.7 6.5 5.4 1.6 1.9 Q1 9.5 10.1 11.2 28.7 2.2 0.3 0 0.000 FY15 FY16 FY17 FY18 _ FY17 FY180.3 Q1 FY15FY15 FY16 FY17FY17 FY18 _ 6M18 FY186M19 FY15 FY16 FY17 FY18 6M18 6M19 JUNE 30 DEC 31 (1)   % OF REVENUE 2.5% 2.4% 4.1% 2.5% 2.8% 2.9% 6M 11.3% 8.8% 7.0% 13.2% 9.9% 6.9% 6M MARGIN 2.3% 2.8% Q2 14.9% 12.9% Q2 3.4% 2.9% Q1 4.7% 0.4% Q1 (1)  SEE PAGE 20 FOR RECONCILIATION OF IFRS TO NON-IFRS METRICS LOW CAPEX & POSITIVE FCF 18

APPENDIX 19

IFRS TO NON-IFRS RECONCILIATION 20

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