Doxee S.p.a. · MIL:DOX
Doxee — FY2023 Earnings Presentation
17 slides from Doxee's earnings presentation, Apr 4, 2024
Slide 1: Investor Presentation FY2023 Results
Investor Presentation FY2023 Results Paolo Cavicchioli Chairman & CEO Sergio Muratori Casali Co-CEO & Investor Relations Manager Federico Siti Group Chief Financial Officer Modena Fiscal Year Financial Results, April, 2024
Slide 2: FY 2023 Results & Overview
FY 2023 Results & Overview 2023: a year of transition and repositioning for Doxee Highlights • Carried out and concluded the process of reorganization of the Group through the ONE Company project Key financials • Peak year for investments to realize the Doxee Platform integrated with the Infinica t
Slide 3: Market Validation
Market Validation SPARK Matrix : Customer Communications Management (CCM), 2024 - Technology Leader SPARK Matrix : Customer Communications Management (CCM) 2023, 2022, 2020 SPARK Matrix : Account Receivable (A/R), 2024, 2023 Leaderboard for Customer Communications Management and Digital Customer Exp
Slide 4: Consolidated Revenues Breakdown
Consolidated Revenues Breakdown REVENUES IN LINE WITH 2022 CAGR +17% due to a significant lengthening of the duration of sales cycles PRODUCT LINE GROWTH 17.8 FY 2021 related to the continuation of a FY 2023 (€/mln) 15.6 FY 2022 complex and uncertain 13.1 FY 2023 macroeconomic scenario, which CAGR +
Slide 5: FY 2023 Financial Highlights
• FY 2023 Revenues amounted to € 25.2mln: FY 2023 Financial Highlights document experience € 17.8 mln, interactive experience € 3.1 mln, paperless experience € 4.3 mln. PROFIT & LOSS FY 2023 FY 2022 • EBITDA negative to € (1.0) due to a Sales Revenues 25.2 25.5 slowdown in the revenues growth and ad
Slide 6: EBITDA Bridge
EBITDA Bridge (€/mln) Increase Decrease Total • The substantial investments made during the year aimed at accelerating the roadmap of activities related to the integration with the newly acquired Doxee AT, resulted in a substantial increase in indirect and R&D costs compared to the previous year Fis
Slide 7: FY 2023 Investments
FY 2023 Investments A peak year for investments to increase scalability and become a One Company R&D AND VALUE OF PRODUCTION COST OF PERSONNEL (€/mln) Annual VoP (€/mln) 35 R&D 16 30 28.7 28.9 13.4 14 25 22.9 12 10.2 20 17.7 10 8.1 8 6.9 15 6 10 6.9 6.3 4 3.4 4.3 5 2 0 0 FY 2020 FY 2021 FY 2022 FY 2
Slide 8: Net Financial Debt Bridge
Net Financial Debt Bridge (€/mln) Increase Decrease Total Fiscal Year Financial Results, April, 2024 Investor Presentation
Slide 9: Back to Profitability in 2024
BACK TO PROFITABILITY IN 2024 Fiscal Year Financial Results, April, 2024 Investor Presentation
Slide 10: Strategic growth key points
Strategic growth key points Doxee a leading player in the digitization process is evolving into a Leading European technology vendor in the areas of Digital Customer Experience (DCX) and Customer Communications Management (CCM) ONE ONE ONE VALUE COMPANY PLATFORM PROPOSITION Fiscal Year Financial Res
Slide 11: ONE Company
• Creation of a single structure at global level with the aim of maximizing the investment made with the acquisition of Infinica GmbH • Process of reorganizing the Group by bringing into the organization the roles of: • Chief Revenues Officer • Chief Financial Officer ONE • Chief Product Officer COM
Slide 12: ONE Platform
• Development of a pan-European technological platform capable of supporting the development of partnerships and also indirect channels • Improved ability to respond to market demands in a timely and comprehensive manner, enabling customers to benefit from a broad and flexible offer capable of respo
Slide 13: ONE Value Proposition
• Focus on Enterprise Market at European level • Consolidation and strengthening of positioning: strong potential of the DACH and CEE areas • Vertical Specialization by Industry: proposal of dedicated use cases for Telco, Utilities, Finance and Public Sector • Development of a strong European Partne
Slide 14: Sustainable Revenues Growth & Cost Actions
• Focus on increasing ARR (Annual Recurring Revenues) • Strengthening of Pre-Sales and Sales Team, especially in the DACH Region • Up-selling & cross-selling structured proposal based on the new integrated product portfolio ready for the current customer base SUSTAINABLE and new prospects REVENUES •
Slide 15: Capital Increase of € 6 million to support the growth and development of Doxee
Capital Increase of € 6 million to support the growth and development of Doxee SUBMITTED A PROPOSAL TO THE SHAREHOLDERS' MEETING FOR A PROXY FOR A CAPITAL INCREASE OF € 6 MILLION, FULLY GUARANTEED BY THE MAJORITY SHAREHOLDER P&S, TO SUPPORT THE GROWTH AND DEVELOPMENT OF DOXEE • Proxy to increase the
Slide 16: Key Takeaways
Key Takeaways 1 One Company with a single structure at global level 2 A pan-European technological platform 3 One Value Proposition 4 Sustainable revenues growth & Cost Actions Fiscal Year Financial Results, April, 2024 Investor Presentation
Slide 17: Contact details
Paolo Cavicchioli, Chairman & CEO Sergio Muratori Casali, Co-CEO & Investor Relations Manager Federico Siti, Group Chief Financial Officer investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com