Slide 1: Wiser Technology Capital Increase
Wiser Technology (formerly Bianor Holding) Capital Increase Sofia, September 2024 wisertech.com bianor-holding.bg
Slide 2: A trusted strategic software solutions provider
А trusted strategic software solutions provider Wiser Technology (formerly Bianor) has a proven track record of over 25 years in designing advanced mission-critical software solutions for the world’s leading organizations. Clients — Enterprise clients in Western Europe, the US, and the Middle East P
Slide 3: Deep expertise in selected industries
Deep expertise in selected industries Automotive High-Tech & Comms Aerospace & Defense Financial Services ● Vehicle software systems ● 25-year history of delivering ● Certified defense industry ● Bespoke fintech software design, development & testing revolutionary software software vendor solutions so
Slide 4: Working and partnering with the global industry leaders
Working and partnering with the global industry leaders Certifications
Slide 5: Balanced shareholder structure
Balanced shareholder structure with >40% founders & key employees, 33% free float, no majority owner A — Founders — 37.7% B — Institutional investors — 37.3% C — Non-founder employees and former employees — 7.2% D — Others — 17.8%
Slide 6: Pending simplified structure and unified brand
Pending simplified structure and unified brand 100% 75% Future structure Bianor Services Bianor Inc 100% Wiser Technology Databreathe 100% Bianor Holding 100% Current Digital Lights structure Wiser Technology Solutions (main operational entity) 100% GotoAdmins 75% 100% 100% 100% Wiser Technology Wiser
Slide 7: Leadership
Leadership A strong mix of entrepreneurship, Kosta Jordanov, CEO, BoD M. technology and finance Founder of Bianor; previously raised capital from leading EU & US VCs; realized one of the biggest Bulgarian IT exits with FITE, founded by Kosta Georgi Sokolov, COO Dimitar Dimitrov, CTO Ivan Dimitrov, CP
Slide 8: Fireside chat
Fireside chat Svetozar Abrashev, Kosta Jordanov Senior Managing Partner, SIS CEO, Wiser Technology
Slide 9: Entering phase two of the 5 year growth plan - Efficiency
Entering phase two of the 5 year growth plan - Efficiency Rapid Growth Efficiency Positioning 2023-2024 2025-2026 2026-2027 ● Continued rapid growth through ● Integration of acquired companies ● Acquisitions of IT service businesses acquisitions in SEE under one organization and brand in Western Europe
Slide 10: Quick revenue growth, accelerated through acquisitions
Quick revenue growth, ● Organic growth only until 2022, incl. accelerated through acquisitions 239% ● 2023 & 2024 – phase 1, Rapid Growth YoY ● In 2023, over 3x YoY revenue growth on a pro-forma consolidated basis driven by 4x acquisitions ● Over 3x YoY revenue growth expected for 2024 again on a pr
Slide 11: 3x faster-than-market organic long-term revenue growth
3x faster-than-market organic long-term ● On a pro-forma consolidated basis, all Wiser companies combined delivered 20% revenue growth 5-Year Revenue CAGR, circa 3x above the industry average of 7% ● EBITDA adjusted based on due-diligence CAGR 20% reports of acquired companies and includes office rent
Slide 12: Continued growth throughout H1 2024
Continued growth throughout H1 2024 ● Two transactions completed in June 2024, boosting H1 2024 revenue 3.2x from €4.3M actual to €13.8M pro-forma ● Driven by M&A, revenue grew 9.3x between H1 2023 (€1.5M) and H1 2024 H1 2024 Consolidated, EUR ‘000 (€13.8M) H1 2023 H1 2024 % change ● Starting Q3 202
Slide 13: Well-diversified revenue streams
Well-diversified revenue streams Revenue breakdowns, H1 2024 pro-forma consolidated Financial Services Aerospace & Defense Europe, non EU Communications 3% Middle East 4% 4% EU, ex. Bulgaria BGN High Tech Other Bulgaria USD EUR Automotive North America By industry By geography By currency
Slide 14: Strong cash position and ability to finance future growth
Strong cash position and ability to finance future growth Balance Sheet, EUR ‘000 June 30 2023 Dec 31 2023 June 30 2024 ● June 30 Balance Sheet consolidated Prime Holding but not Digital Lights; Total assets, including 12,919 12,914 31,904 Digital Lights deal was completed after the reporting deadlin
Slide 15: Fair valuation, based on comparative analysis
Fair valuation, Regional Peers Median P/S (TTM) 1.3x Trailing P/E 20.7x Average 0.8x 17.3x based on comparative analysis Arobs Transilvania Software 1.7x 16.8x Atende SA 0.3x 19.6x Betacom SA 0.1x 9.3x Closing price, Sept. 10th: €3.07 (BGN 6.00) Bosqar D D 0.6x 30.6x Chromosome Dynamics 0.5x 4.1x Is
Slide 16: Increasing the capital to support growth
Increasing the capital to support growth Close a bridge loan for the acquisition of Digital Lights ● €8.5 mln. ● Enhance the expertise and footprint in the Automotive industry Target: ● Position well for future debt-financing as needed Sales channels expansion €12.5 mln. ● €1 mln. dedicated to sales
Slide 17: The offering
The offering 17.09.2024 Start of rights trading ● Number of shares before the increase - 12 290 133 04.10.2024 End of rights trading ● Amount of the increase – up to 4 096 711 ordinary shares with voting rights ● Rights to new shares ratio – 3:1 14.11414.10.2024 Rights auction ● Share issue price of
Slide 18: Wiser Technology is well set to succeed
Wiser Technology is well set to succeed 01 — Strong combined team 05 — Access to larger projects at strategic and operational level as a result of scaling the business 02 — Ambition and solid growth strategy 06 — Access to talent across organic and non-organic growth through collaboration with leadi
Slide 19: Thank you!
Thank you! HEADQUARTERS LEAD ARRANGER DETAILS Synergy Tower, floor Sofia International Securities 15, 111 Tsarigradsko 140 G.S.Rakovski Str, 4 fl shose blvd., 1784 Sofia, 1000 Sofia, Bulgaria +359 2 937 98 65 +359-2-460-4200 +359 899 108 010 contact@bianor.com info@sis.bg
Slide 20: Disclaimer
Disclaimer This Presentation, including paper or electronic copies, the information provided and communicated by the The Company undertakes no obligation to update its forward-looking statements. The Presentation includes presenters during the Presentation of Bianor Holding Plc, all the questions th