Slide 1: TXT e-Solutions Corporate Overview
TXT e-Solutions Corporate Overview April 2020
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by TXT e-solutions (“TXT”) and is general background information about TXT’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this prese
Slide 3: Leadership Team
Leadership Team Alvise Braga Illa Enrico Magni Misani Daniele Eugenio Forcinito Chairman Group CEO Mananging Director Group CFO Founder of TXT, Alvise has a A seasoned entrepreneur with + 20 years in TXT, strong +20 years experience in the clear vision of the future: no a solid track record in drivi
Slide 4: Company Overview
Company Overview
Slide 5: TXT Group At a Glance
TXT Group At a Glance PIONEER OF SOFTWARE TECHNOLOGIES, we offer a mix MARGIN EXPANSION of best-in-class proprietary products & specialized services 11.9% FY19 EBITDA margin, +2.4pp YoY 30+ YEARS OF EXPERIENCE IN AEROSPACE, defence RECURRING REVENUE GROWTH and aviation sectors with high specialized
Slide 6: TXT Group’s digital foundations
TXT Group’s digital foundations TXT Group’s technological excellence centres enable best-of-breed digital solutions: Real-Time Software Modelling & Simulation Cloud AI / Machine Learning Industrial IoT Blockchain Big Data Analytics Extended Reality We are leveraging our industry know-how and tech-ca
Slide 7: Key Milestones
Key Milestones FinTech: Start-up FinTech R.: €3mn in FY17 Banking & Finance M&A R.: €9mn in FY18 Aerospace & Aviation RegTech: Innovative Start-up R.: €7mn in FY15 1989 2000 2016 2017 2018 2019 2020 Other Corporate Foundation Listing on STAR Borsa Dismission of Italiana Stock Events Exchange • Enric
Slide 8: An Evolving Offering
An Evolving Offering Historical Activities Extending the Offering We started from specific industry process domain… to develop deep We became Int’l, specialized, multi-niche provider of proprietary knowledge of different processes in single niches of our industries with the engineering platforms del
Slide 9: Revenues and Margins Growth
Revenues and Margins Growth Strong Revenues from Software and Profitability Growth Revenues from Software * EBITDA Revenues (€mn) (€mn, % on total revenues) (€mn, % on total revenues) 6,9 7,0 59,1 +65% +73% +102% 35,9 4,00 3,5 11,7% 11,9% 11,2% 9,7% 2017 2019 2017 2019 2017 2019 The perfect mix of o
Slide 10: Our transformation path...
Our transformation path... Over the period 2017-2019, M&A contribution was FinTech incidence increased thanks to outmatched by Organic and Software Growth M&A and Organic Growth 59,1 35,9 59,1 8,2 3,5 23% 9,7 20,4 35% 35,9 1,8 8,2 77% 38,7 65% 27,6 FY17 FY17 Organic Software Organic growth M&A Finte
Slide 11: Business Overview
Business Overview
Slide 12: TXT Group’s Divisions
TXT Group’s Divisions Aerospace & Aviation FinTech 65% of FY19’s revenues 35% of FY19’s revenues Core markets Diversification Industrial, Manufacturing, Automotive & Transportation <10% Public Sector, Treasury <5% 12
Slide 13: Aerospace & Aviation: FY19’s Key Facts & Figures
Aerospace & Aviation: FY19’s Key Facts & Figures International provider of High-tech Software Solutions & Services to Global Aerospace & Aviation Industry Turnover EBITDA Revenues Revenues FY19 breakdown TEAM FY19 growth Aerospace & Projects Advanced services +350 SW Aviation 18% boosted by new 38.7
Slide 14: Aerospace & Aviation: Proprietary products, Solutions and Specialized services
Aerospace & Aviation: Proprietary products, Solutions and Specialized services On-board Software 28% TOP CUSTOMERS Product Development Preliminary Design 7% & Evaluation Product 21% Configuration Customer Engineering & Manufacturing Digital 10% Manufacturing Training & 25% Simulation Aircraft Operat
Slide 15: Fintech: FY19’s Key Facts & Figures
Fintech: FY19’s Key Facts & Figures First mover & Italian leader in SW Quality services for the Banking Industry, vendor of FinTech SW solutions Turnover EBITDA New FinTech Long-lasting TEAM +300 FY19 FY19 products business …more than doubled relationships in the last year FinTech tailored for 1.9M
Slide 16: FinTech: New Proprietary Solutions and Platforms
FinTech: New Proprietary Solutions and Platforms, Best-in-class SW quality services Best-in class solutions for: test strategy, TOP CUSTOMERS development, execution, automation, and First mover & Italian Software Quality for test environments administration. leader in Software 75% Services Strong te
Slide 17: Some Examples of TXT’s Best-in-class Solutions
Some Examples of TXT’s Best-in-class Solutions Virtual, Augmented & Extended Fully committed to ESG agenda Faraday for Anti Money Laundry, Reality in Aerospace & Aviation Anti-Corruption, Anti-Terrorism Training & simulation On-board flight profile optimization (FPO) Pacelab FPO is a key contributor
Slide 18: Growth Strategies
TXT Growth Strategies
Slide 19: Growth Strategy - Highlights
Growth Strategy - Highlights A perfect mix of organic-inorganic growth to achieve: • Specialization in Processes, Increasing knowledge and leverage capabilities cross-industry • Ability to serve customers locally, yet on a global scale … with two important strategic assets to be considered as succes
Slide 20: Inorganic growth – three key factors to achieve the ambitious growth path
Inorganic growth – three key factors to achieve the ambitious growth path INORGANIC GROWTH: Significant amount of cash available to be invested in the international growth; net cash at December 31, M&A 2019 was 41M €. 1 THREE MAIN New growth-oriented Management driven by SUCCESS ENRICO MAGNI, Group
Slide 21: Summary & Financial Details
“T ial Details inanc F Summary
Slide 22: Increasing and solid trading results – Full Year 2019
Increasing and solid trading results – Full Year 2019 € thousand 2019 % 2018 % Var % REVENUES 59,091 100.0 39,957 100.0 47.9 Direct costs 31,824 53.9 22,289 55.8 42.8 GROSS MARGIN 27,267 46.1 17,668 44.2 54.3 Research and Development costs 6,071 10.3 2,990 7.5 103.0 Commercial costs 8,610 14.6 5,603
Slide 23: Strong Balance Structure as at December 31, 2019
Strong Balance Structure as at December 31, 2019 € thousand 31.12.2019 31.12.2018 Var. Intangible assets 24,380 17,751 6,629 Tangible assets 7,929 3,680 4,249 Other fixed assets 2,325 1,511 814 Fixed Assets 34,634 22,942 11,692 Inventories 4,156 3,141 1,015 Trade receivables 19,371 14,029 5,342 Othe
Slide 24: Shareholding Structure, Dividends & Shareholder‘s Return
Shareholding Structure, Dividends & Shareholder‘s Return Dividends + Treasury Shares Repurchase (m€) • Share Price 18 16 • 31.12.2010: 1.51€/share (rebased for 14 4,6 12 1,4 free share distribution) 10 8 • 09.04.2020: 6.68€ /share 6 1 • Market Cap: 80m€ 11,7 10,3 4 0,3 0,6 1 0,8 5,8 1,1 2 2,9 3,5 0,
Slide 25: Thank you for your attention!
Thank you for your attention! www.txtgroup.com Via Frigia, 27 20126 Milano Italy infofinance@txtgroup.com +39 02 257711 © TXT e-solutions – All rights reserved. Confidential and proprietary document. This document and all information contained herein is the sole property of TXT e-solutions . No inte