Slide 1: Call with Investors
Call with Investors March 10 | 11.00am (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Consolidated figures for 2022 show accelerated growth of Revenues maintaining target EBITDA margin
2 Consolidated figures for 2022 show accelerated growth of Revenues by maintaining target EBITDA margin Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) €150.7 €22.3 +56% +53% €85.7 €96.4 57% €14.5 +59% €53.8 56% 14,8% 15,1% €65.0 €42.5 +53% 43% 44% FY-21 FY-22 FY-21 F
Slide 3: 2022 Pro-Forma Revenues and EBITDA exceed €200 Mn and €30 Mn
3 _2022 Pro-Forma Revenues and EBITDA exceed € 200 Mn and € 30 Mn, respectively Revenues Pro-Forma * EBITDA Pro-Forma * (€mn) (€mn, % on total revenues) €205.0 €28.4 +88% +73% € 76.0 €108.6 €16.5 +19% 13,9% €129.0 15,2% €108.6 FY-21 FY-22 FY-21 FY-22 M&A 2022 (full-year) 01 Jan 2022 Conso. Perimiter
Slide 4: M&A Contribution
4 After the divestment of the retail division in 2017, revenues and EBITDA Margin have benefit from TXT Group's growth strategy driven by diversification and investments in innovation and synergies 205 15.1% New TXT after divestment of Retail division in 2017: 14.8% 13.9% M&A Contribution 12.5% 11.9
Slide 5: Perfect mix of organic & inorganic growth to boost profitability
5 Perfect mix of organic & inorganic growth to boost profitability Solid Organic Postive M&A Net Profit Growth Contribution (consolidated) +18% +€37 Mn M&A Revenues in FY-22 €12.0 Mn vs. FY-2021 8% of Revenues (Consolidated*) +53% vs. FY-2021 * Excluded ProSim-TS not consolidated in FY-2023
Slide 6: Key FY-22 figures: R&D, proprietary software, net debt
6 € 7.6Mn FY-22, +11% vs. FY-21 € 10.3Mn +22% vs. FY-21, + € 28Mn from services around proprietary SW € 42Mn 28% of total revenues € 38Mn (Net Debt) - € 12Mn* in Treasury Shares & € 16Mn Fair Value Financial Investment * Value calculated with stock price of € 12,84 per share (Share Price Dec. 31st,
Slide 7: Aerospace & Aviation and Fintech
7 We are an international specialized provider of digital solutions relying on distinctive technological and business-critical core processes expertise to support major players in different markets with a unique ability to solve customers’ problems within their digital transformation journey by driv
Slide 8: Double-digit growth in main Divisions and Markets
88 Double-digit growth in main Divisions and Markets • Public Sector, with subsidiary HSPI SpA, recoded organic growth of more than 40% driven by multi-year contracts related to CONSIP (purchasing center of the Italian public administration) public tenders for the digitalization of the Italian publi
Slide 9: 2023 Guidance & Targets
2023 Guidance & Targets 9 EBITDA Margin Revenues * Net Debt (Group) (Group Consolidate) (Year-End) >14% +€250mn <2xEBITDA * Including M&A 2023 expected contribution
Slide 10: Latest M&A from FY-2022 & Subsequent Events
10 _Latest M&A from FY-2022 & Subsequent Events
Slide 11: TXT Acquires PGMD (Healthcare)
& 111 11 1 Helathcare TXT Acquires • On November 14, 2022, TXT acquired PGMD Consulting S.r.l.; • PGMD, based in Milan and counts over 25 resources, offers specialised consulting expertise in digital advisory and transformation and proprietary application solutions for the digitalization of core pro
Slide 12: TXT acquired TLogos
& 121 12 2 TXT acquired • On December 5, 2022, TXT finalized the acquisition of TLogos S.r.l.; • TLogos, based in Rome and counts over 15 resources, , is a digital consulting boutique specialised in cybersecurity with high added value with significant contracts in the main European space projects; •
Slide 13: Subsequent Events
13 13 SUBSEQUENT EVENTS Constant integration of • On 6 March 2023 TXT was awarded, first in the ranking through the RTI new excellences in the TXT Group ecosystem (Temporary Grouping of Companies) led by the subsidiary HSPI SpA ("HSPI"), lot 2 of the public tender for the provision of application se
Slide 14: FY-2022 Financials
14 FY-2022 FINANCIALS
Slide 15: FY-2022 Income Statement
15 € thousand 2022 % 2021 % Var % REVENUES 150,758 100 96,363 100 56.4 Direct costs 94,309 62.6 57,013 59.2 65.4 GROSS MARGIN 56,449 37.4 39,350 40.8 43.5 Research and Development costs 7,634 5.1 6,890 7.2 10.8 Commercial costs 14,149 9.4 9,751 10.1 45.1 General and Administrative costs 12,407 8.2 8
Slide 16: Q4 2022 Income Statement
16 € thousand Q4 2022 % Q4 2021 % Var % REVENUES 58,358 100 29,630 100 97.0 Direct costs 37,771 64.7 16,891 57.0 123.6 GROSS MARGIN 20,587 35.3 12,739 43.0 61.6 Research and Development costs 1,856 3.2 1,799 6.1 3.2 Commercial costs 5,336 9.1 3,270 11.0 63.2 General and Administrative costs 4,667 8.
Slide 17: Net Financial Position
17 € thousand 31.12.2022 31.12.2021 Var Cash 33,015 36,076 (3,061) Trading securities at fair value 48,490 48,869 (379) Total Cash & Cash Equivalent 81,505 84,945 (3,440) Current Financial Debts - Lessors IFRS 16 (2,506) (1,539) (967) Current Debts for PUT/CALL and EarnOut (4,300) (9,614) 5,314 Shor
Slide 18: Balance Sheet
18 € thousand 31.12.2022 31.12.2021 Change Intangible assets 77,975 55,182 22,793 Tangible assets 18,293 12,126 6,167 Other fixed assets 19,360 16,529 2,831 Fixed Assets 115,628 83,837 31,791 Inventories 13,765 7,810 5,955 Trade receivables 73,115 43,156 29,959 Other short term assets 15,352 8,864 6
Slide 19: Share price, shareholders and dividends
19 * Latest Public Data Available as of 31 Dec. 2022 Treasury 18 16,3 Shares; 7% 16 L.V.O. Global Asset Laserline 14 4,6 Management S.A. SpA; 30% 12 3% 10 8 6,8 5,3 5,5 6 11,7 1 4 Market; 5,8 5,3 5,5 2 0,76 43% 0,26 0 0 0,5 0 2018 2019 2020 2021 2022 Managers; Repurchase Treasury Shares Payment divi
Slide 20: Q&A
21 Q&A