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 May 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 May 21, 2019
99.2	Investor Presentation Q3 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: May 21, 2019	By:	/s/ John Cotterell
		Name: John Cotterell
		Title: Chief Executive Officer

EX-99.1

Q3 FY2019

ENDAVA ANNOUNCES THIRD QUARTER FISCAL YEAR 2019 RESULTS

Q3 FY2019

24.7% Year on Year Revenue Growth to £73.1 million

23.2%Revenue Growth at Constant Currency

IFRS diluted EPS £0.11 compared to £0.08 in the prior year comparative period

Adjusted diluted EPS £0.19 compared to £0.13 in the prior year comparative period

London, U.K. – Endava plc(NYSE: DAVA) ("Endava" or the "Company") a global provider of digital transformation, agile development and intelligent automation services, today announced results for the three months ended March 31, 2019, the third quarter of its 2019 fiscal year ("Q3 FY2019").

"Endava continues to deliver strong results and I am pleased with our performance. Our revenue for Q3 FY2019 was £73.1 million, an impressive increase of 24.7% Year on Year on a reported basis from £58.6 million in the same quarter in the prior year. We continue to expand in all of our geographies and industry verticals." said John Cotterell, Endava’s CEO.

FINANCIAL HIGHLIGHTS:

• Revenue for Q3 FY2019 was £73.1 million, an increase of 24.7% compared to £58.6 million in the same period in the prior year.

• Revenue growth rate at constant currency(a non-IFRS measure) was 23.2%for Q3 FY2019 compared to 39.6% in the same period in the prior year.

• Profit before tax for Q3 FY2019 was £7.6 million compared to £5.5 million in the same period in the prior year, or 10.4% of revenue compared to 9.4% in the same period in the prior year.

• Adjusted profit before tax (a non-IFRS measure) for Q3 FY2019 was £13.2 million compared to £8.5 million in the same period in the prior year, or 18.1% of revenue compared to 14.5% in the same period in the prior year.

• Profit for the period was £6.3 million in Q3 FY2019, resulting in a diluted EPS of £0.11, compared to profit for the period of £4.2 million and diluted EPS of £0.08 in the same period in the prior year.

1

Q3 FY2019

• Adjusted profit for the period (a non-IFRS measure) was £10.6 million in Q3 FY2019, resulting in adjusted diluted EPS (a non-IFRS measure) of £0.19 compared to adjusted profit for the period of £6.9 million and adjusted diluted EPS of £0.13 in the same period in the prior year.

• Net cash from operating activities was £12.6 million in Q3 FY2019 compared to £7.9 million in the same period in the prior year.

• Free cash flow(a non-IFRS measure) was £11.4 million in Q3 FY2019 compared to £7.2 million in the same period in the prior year.

• At March 31, 2019, Endava had cash and cash equivalents of £59.3 million, compared to £15.0 million at June 30, 2018. Net cash at March 31, 2019 was £59.3 million compared to net borrowing of £4.7 million at June 30, 2018.

OTHER METRICS:

• Headcount reached 5,573 at March 31, 2019, with 5,012 average operational employees in Q3 FY2019, compared to a headcount of 4,700 at March 31, 2018 and 4,246 average operational employees in the third quarter of the prior year.

• Number of clients with over £1 million in spend grew to 67 on a rolling twelve months basis at March 31, 2019 compared to 42 at March 31, 2018.

• Top 10 clients accounted for 40% of revenue in Q3 FY2019, unchanged from the same period in the prior year.

• By geographic region, 27% of revenue was generated in North America, 27% was generated in Europe and 46% was generated in the United Kingdom in Q3 FY2019. This compares to 25% in North America, 31% in Europe and 44% in the United Kingdom in the same period in the prior year.

• By industry vertical, 53% of revenue was generated from Payments and Financial Services, 28% from TMT and 19% from Other. This compares to 54% Payments and Financial Services, 29% TMT and 17% Other in the same period in the prior year.

2

Q3 FY2019

OUTLOOK:

For Q4 FY2019:

We expect revenues will be in the range £75m to £76m, representing constant currency growth of between 21% and 22%. We expect adjusted diluted EPS to be in the range of £0.17 to £0.18 per share.

Full Fiscal Year 2019:

We expect revenues will be in the range £286m to £287m, representing constant currency growth of 31%. We expect adjusted diluted EPS to be in the range of £0.73 to £0.74 per share.

Endava is not able, at this time, to provide an outlook for IFRS diluted EPS for Q4 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 and 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, May 21, 2019, to review its Q3 FY2019 results. To participate in Endava’s Q3 FY19 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 4226669.

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, June 7, 2019.

3

Q3 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 and Financial Services, TMT, Consumer Products, Retail, Logistics and Healthcare. Endava had 5,573 employees as of March 31, 2019 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, Consolidated Balance Sheets and Consolidated Statements of Cash Flow 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 profit before tax, adjusted profit for the period, adjusted diluted EPS 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 March 31, 2018 were used to convert revenue for the fiscal quarter ended March 31, 2019 and the revenue for the comparable prior period.

Adjusted profit before tax is defined as the Company’s profit before tax adjusted to exclude

the impact of share-based compensation expense, amortisation of acquired intangible assets, realized and unrealized foreign currency exchange gains and losses, initial public offering expenses incurred, Sarbanes-Oxley compliance readiness expenses, fair value movement of contingent consideration, secondary offering expenses incurred and stamp duty on transfer of shares (all of which are non-cash other than realized foreign currency exchange gains and losses, initial public offering expenses, Sarbanes-Oxley compliance readiness expenses,

4

Q3 FY2019

secondary offering expenses incurred and stamp duty on transfer of shares). Adjusted PBT margin is adjusted profit before tax as a percentage of total revenue.

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, initial public offering expenses incurred, Sarbanes-Oxley compliance readiness expenses, fair value movement of contingent consideration, secondary offering expenses incurred and stamp duty on transfer of shares (all of which are non-cash other than realized foreign currency exchange gains and losses, initial public offering expenses, Sarbanes-Oxley compliance readiness expenses, secondary offering expenses incurred and stamp duty on transfer of shares) together with the tax impact of these adjustments.

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, initial public offering expenses incurred, Sarbanes-Oxley compliance readiness expenses, fair value movement of contingent consideration, secondary offering expenses incurred and stamp duty on transfer of shares (all of which are non-cash other than realized foreign currency exchange gains and losses, initial public offering expenses, Sarbanes-Oxley compliance readiness expenses, secondary offering expenses incurred and stamp duty on transfer of shares), divided by weighted average number of shares outstanding - diluted.

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

In order for Endava’s investors to be better able to compare its current period 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. Management also 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

5

Q3 FY2019

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.

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 the use of terms and phrases such as “believe,” “expect,” "outlook," 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 fourth 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 and the final prospectus relating to our recent public offering filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) on April 18, 2019.

6

Q3 FY2019

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

7

Q3 FY2019

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Nine Months Ended March 31				Three Months Ended March 31
	2019		2018		2019		2018
	£’000		£’000		£’000		£’000
REVENUE	211,312		156,140		73,064		58,598
Cost of sales
Direct cost of sales	(127,356)		(96,104)		(44,330)		(35,783)
Allocated cost of sales	(11,050	)	(9,281	)	(3,745	)	(3,235	)
Total cost of sales	(138,406	)	(105,385	)	(48,075	)	(39,018	)
GROSS PROFIT	72,906		50,755		24,989		19,580
Selling, general and administrative expenses	(48,609	)	(31,755	)	(17,601	)	(13,705	)
OPERATING PROFIT	24,297		19,000		7,388		5,875
Net finance (expense) / income	(4,644	)	(1,030	)	216		(370	)
PROFIT BEFORE TAX	19,653		17,970		7,604		5,505
Tax on profit on ordinary activities	(3,874)		(3,893)		(1,290)		(1,286)
PROFIT FOR THE PERIOD AND PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT	15,779		14,077		6,314		4,219
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations	(2,365)		(1,108)		(3,027)		(1,363)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT	13,414		12,969		3,287		2,856
EARNINGS PER SHARE:
Weighted average number of shares outstanding - Basic	49,072,773		45,100,165		49,500,875		45,100,165
Weighted average number of shares outstanding - Diluted	54,648,204		50,050,447		54,912,822		51,142,347
Basic EPS (£)	0.32		0.31		0.13		0.09
Diluted EPS (£)	0.29		0.28		0.11		0.08

8

Q3 FY2019

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2019		June 30, 2018		March 31, 2018
	£’000		£’000		£’000
ASSETS - NON-CURRENT
Goodwill	41,197		41,062		39,267
Intangible assets	28,800		30,787		30,051
Property, plant and equipment	9,359		8,584		8,350
Deferred tax assets	4,731		2,488		926
TOTAL	84,087		82,921		78,594
ASSETS - CURRENT
Inventories	—		16		57
Trade and other receivables	63,041		52,352		50,190
Corporation tax receivable	649		677		—
Cash and cash equivalents	59,339		15,048		9,462
TOTAL	123,029		68,093		59,709
TOTAL ASSETS	207,116		151,014		138,303
LIABILITIES - CURRENT
Borrowings	29		19,744		23,612
Trade and other payables	43,983		40,243		32,843
Corporation tax payable	2,045		1,488		644
Contingent consideration	1,211		5,259		4,947
Deferred consideration	1,516		4,401		2,851
Other liabilities	248		—		—
TOTAL	49,032		71,135		64,897
LIABILITIES - NON CURRENT
Borrowings	1		20		34
Contingent consideration	—		7,251		6,751
Deferred consideration	—		—		1,238
Deferred tax liabilities	2,380		2,832		2,621
Other liabilities	67		277		267
TOTAL	2,448		10,380		10,911
EQUITY
Share capital	1,085		996		996
Share premium	16,451		2,678		2,678
Merger relief reserve	4,430		4,430		4,430
Retained earnings	133,219		59,260		52,959
Other reserves	2,692		4,410		3,707
Investment in own shares	(2,241	)	(2,275	)	(2,275	)
TOTAL	155,636		69,499		62,495
TOTAL LIABILITIES AND EQUITY	207,116		151,014		138,303

9

Q3 FY2019

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended March 31				Three Months Ended March 31
	2019		2018		2019		2018
	£’000		£’000		£’000		£’000
OPERATING ACTIVITIES
Profit for the period	15,779		14,077		6,314		4,219
Income tax charge	3,874		3,893		1,290		1,286
Non-cash adjustments	18,270		4,453		4,965		1,781
Tax paid	(3,641	)	(3,688	)	(730	)	(1,414	)
UK research and development credit received	1,278		1,854		1,278		—
Net changes in working capital	(11,271	)	(215	)	(493	)	2,074
Net cash from operating activities	24,289		20,374		12,624		7,946
INVESTING ACTIVITIES
Purchase of non-current assets (tangibles and intangibles)	(5,153	)	(3,680	)	(1,189	)	(919	)
Proceeds from disposal of non-current assets	33		2		8		8
Acquisition of business / subsidiaries (net of cash acquired)	(3,142	)	(25,423	)	(3,142	)	(8,031	)
Interest received	286		30		160		7
Net cash used in investing activities	(7,976	)	(29,071	)	(4,163	)	(8,935	)
FINANCING ACTIVITIES
Proceeds from borrowings	3,500		22,979		—		—
Repayment of borrowings	(23,538	)	(28,094	)	(12	)	(14,451	)
Interest paid	(280	)	(413	)	(58	)	(210	)
Grant received	1,784		147		—		147
Net proceeds from initial public offering	44,828		—		—		—
Issue of shares	85		—		85		—
Net cash from financing activities	26,379		(5,381	)	15		(14,514	)
Net change in cash and cash equivalents	42,692		(14,078	)	8,476		(15,503	)
Cash and cash equivalents at the beginning of the period	15,048		23,571		51,044		25,066
Exchange differences on cash and cash equivalents	1,599		(31	)	(181	)	(101	)
Cash and cash equivalents at the end of the period	59,339		9,462		59,339		9,462

10

Q3 FY2019

RECONCILIATION OF ADJUSTED FINANCIAL MEASURES TO COMPARABLE IFRS FINANCIAL MEASURES

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

	Nine Months ended March 31				Three Months ended March 31
	2019		2018		2019		2018
REVENUE GROWTH RATE AT CONSTANT CURRENCY	34.4	%	34.6	%	23.2	%	39.6	%
Foreign exchange rates impact	0.9	%	(0.4	%)	1.5	%	(3.0	%)
REVENUE GROWTH RATE AS REPORTED UNDER IFRS	35.3	%	34.2	%	24.7	%	36.6	%

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

	Nine Months Ended March 31				Three Months Ended Mar 31
	2019		2018		2019		2018
	£’000		£’000		£’000		£’000
PROFIT BEFORE TAX	19,653		17,970		7,604		5,505
Adjustments:
Share-based compensation expense	8,690		1,026		3,680		306
Amortisation of acquired intangible assets	2,609		1,804		857		844
Foreign currency exchange (gains) losses, net	(1,262	)	545		(121	)	64
Initial public offering expenses incurred	1,055		2,472		—		1,787
Sarbanes-Oxley compliance readiness expenses incurred	1,227		—		529		—
Fair value movement of contingent consideration	5,805		—		—		—
Secondary offering expenses incurred	306		—		306		—
Stamp duty on transfer of shares	385		—		385		—
Total adjustments	18,815		5,847		5,636		3,001
ADJUSTED PROFIT BEFORE TAX	38,468		23,817		13,240		8,506
PROFIT FOR THE PERIOD	15,779		14,077		6,314		4,219
Adjustments:
Adjustments to profit before tax	18,815		5,847		5,636		3,001
Tax impact of adjustments	(3,661	)	(745	)	(1,312	)	(359	)
ADJUSTED PROFIT FOR THE PERIOD	30,933		19,179		10,638		6,861
Diluted EPS (£)	0.29		0.28		0.11		0.08
Adjusted diluted EPS (£)	0.57		0.38		0.19		0.13

11

Q3 FY2019

RECONCILIATION OF NET CASH FROM OPERATING ACTIVITIES TO FREE CASH FLOW

	Nine Months Ended March 31				Three Months Ended March 31
	2019		2018		2019		2018
	£’000		£’000		£’000		£’000
Net cash from operating activities	24,289		20,374		12,624		7,946
Adjustments:
Grant received	1,784		147		—		147
Net purchases of non-current assets (tangible and intangible)	(5,120	)	(3,678	)	(1,181	)	(911	)
Free cash flow	20,953		16,843		11,443		7,182

12

Q3 FY2019

SUPPLEMENTARY INFORMATION

SHARE-BASED COMPENSATION EXPENSE

	Nine Months Ended March 31		Three Months Ended March 31
	2019	2018	2019	2018
	£’000	£’000	£’000	£’000
Direct cost of sales	3,587	686	1,648	205
Selling, general and administrative expenses	5,103	340	2,032	101
Total	8,690	1,026	3,680	306

DEPRECIATION AND AMORTIZATION

	Nine Months Ended March 31		Three Months Ended March 31
	2019	2018	2019	2018
	£’000	£’000	£’000	£’000
Direct cost of sales	2,870	2,371	1,011	821
Selling, general and administrative expenses	3,030	2,081	972	944
Total	5,900	4,452	1,983	1,765

EMPLOYEES, TOP 10 CUSTOMERS and REVENUE SPLIT

Six Months Ended December 31	Nine Months Ended March 31				Three Months Ended March 31
	2019		2018		2019		2018
Closing number of total employees	5,573		4,700		5,573		4,700
Average operational employees	4,821		3,829		5,012		4,246
Top 10 customers %	36	%	43	%	40	%	40	%
Number of clients with > £1m of revenue (rolling 12 months)	67		42		67		42
Geographic split of revenue %
North America	27	%	19	%	27	%	25	%
Europe	28	%	35	%	27	%	31	%
UK	45	%	46	%	46	%	44	%
Industry vertical split of revenue %
Payments and Financial Services	53	%	58	%	53	%	54	%
TMT	27	%	28	%	28	%	29	%
Other	20	%	14	%	19	%	17	%

13

EX-99.2

INVESTOR PRESENTATION Q3 FY2019

DISCLAIMER This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 fourth 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 and the final prospectus relating to our recent public offering filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) on April 18, 2019. 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. 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

$622B 2022 % DIGITAL 17 TRANSFORMATION CAGR SERVICES* WE SERVE A LARGE ADDRESSABLE $390B * WORLDWIDE SEMIANNUAL DIGITAL 2019 TRANSFORMATION SPENDING GUIDE MARKET IDC OCTOBER 2018 5

GLOBAL STAFF 5,573 AS OF MARCH 31, 2019 CLOSE TO CLIENT NEARSHORE DELIVERY DENMARK, GERMANY, NETHERLANDS, EUROPEAN UNION: ROMANIA, BULGARIA;
 UNITED KINGDOM, UNITED STATES 
 CENTRAL EUROPEAN COUNTRIES: MACEDONIA, MOLDOVA AND SERBIA; 
 
 LATIN AMERICA: ARGENTINA, COLOMBIA, URUGUAY AND VENEZUELA Employee Geography FY16 FY17 FY18 Q3FY18 Q3FY19 Western Europe 237 233 232 244 246 Central Europe - EU Countries 1,572 2,314 2,578 2,523 2,986 1,809 2,547 2,810 2,767 3,232 Central Europe - Non-EU Countries 928 1,073 1,279 1,233 1,515 Latin America - 68 665 634 759 North America 58 56 65 66 67 2,795 3,744 4,819 4,700 5,573 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 FOUNDED IN EXPAND
 EXPAND
 EXPAND
 NYSE TO CE TO USA TO LATAM JULY 2018 Q3FY19 2000 2019 HEADCOUNT 60 240 1,000 2,000 5,573 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) 211.3 220m CAGR 37.3% 156.1 73.1 Q3 110m 58.6 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 9M18 9M19 JUNE 30 MAR 31 OVER LAST 5 YEARS, 89.1% OF REVENUE (ON AVERAGE) EACH FISCAL YEAR WAS GENERATED FROM CLIENTS IN THE PREVIOUS YEAR. STRONG REVENUE GROWTH 13

PROFIT BEFORE TAX (£m) ADJUSTED PROFIT BEFORE TAX (£m)* 38.4 35m 35m CAGR 27.7% 23.8 13.2 Q3 19.6 17.9 17.5m 17.5m 8.5 5.5 7.6 Q3 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 9M18 9M19 FY15 FY16 FY17 FY18 9M18 9M19 JUNE 30 MAR 31 JUNE 30 MAR 31 MARGIN 18.1% 18.0% 13.6% 11.3% 11.5% 9.3% 9M MARGIN 19.2% 19.7% 15.8% 15.4% 15.3% 18.2% 9M 9.4% 10.4% Q3 14.5% 18.1% Q3 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% 70 66% 54% 49% 42% 35 50% 43% 40% 40% 36% 50% 38% 36% 31% 32% 26% 29% 30% 16% 16% 13% 11% 11% 10% 11% 10% 18 26 34 46 42 67 0 0 FY15 FY16 FY17 FY17 _ FY17 FY18 - q218 q219 FY15 FY16 FY17 FY18 9M18 9M19 Q3FY18 Q3FY19 FY15FY15 FY16 FY17FY17 FY18 _ Q3FY18 FY18Q3FY19 JUNE 30 MAR 31 MAR 31 JUNE 30 MAR 31 * CALCULATED ON A ROLLING 12 MONTHS BASIS. 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 112 154 188 258 249 280 5,510 6,200 7,820 9,040 6,724 7,537 2,340 2,940 284 434 504 597 461 578 215 222 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 Q3FY18 Q3FY19 FY15 FY16 FY17 FY18 9M18 9M19 Q3FY18 Q3FY19 FY15 FY16 FY17 FY18 9M18 9M19 Q3FY18 Q3FY19 AS OF JUNE 30, AS OF MAR 31, JUNE 30 MAR 31 MAR 31 JUNE 30 MAR 31 MAR 31 INCREASING NUMBER & SPEND OF CLIENTS 16

N.AMERICA EUROPE REVENUE % BY REGION UK 100% 19% 10% 18% 16% 12% 21% 25% 27% 18% 28% Q3 FY2019 34% 50% 34% 31% 27% REVENUE % BY VERTICAL 53% 78% 64% 50% 45% 44% 46% 0% FY15 FY16 FY17 FY17 _ FY17 FY18 PAYMENTS AND FINANCIAL SERVICES FY15 FY16 FY17 FY18 Q3FY18 Q3FY19 TECHNOLOGY, MEDIA, & TELECOMMUNICATIONS JUNE 30 MAR 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 20.9 5.1 20.0020m 16.8 3.7 1.2 Q3 4m 0.9 7.2 10.0010m 11.4 Q3 2.0 1.2 Q2 7.4 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 _ 9M18 FY189M19 FY15 FY16 FY17 FY18 9M18 9M19 JUNE 30 DEC 31 (1)   % OF REVENUE 2.5% 2.4% 4.1% 2.5% 2.4% 2.4% 9M 11.3% 8.8% 7.0% 13.2% 10.8% 9.9% 9M MARGIN 1.6% 1.6% Q3 12.3% 15.7% Q3 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

21