Snp Schneider-neureither & Partner Se · XETR:SHF
Snp Schneider-neureither & Partner — Q1 2022 Earnings Presentation
30 slides from Snp Schneider-neureither & Partner's earnings presentation, Apr 28, 2022
Slide 1: Elevate Digital Transformation – Q1 2022 Results
ELEVATE DIGITAL TRANSFORMATION Analyst & Investor Call Q1 2022 Results SNP I The Data Transformation Company
Slide 2: Agenda
AGENDA OVERVIEW FINANCIALS OUTLOOK QUESTIONS & ANSWERS APPENDIX © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 3: Q1 2022 – Strong Start into Year 2022
Q1 2022 – Strong Start into Year 2022 > Order entry via partners up more than 50% year over year; Order Entry: € 44.1m like-for-like* order entry volume of € 44.1m (-3% relative to Q1 2021) -16% (Like-for-like* -3%) > Group revenue in Q1 2022 up by 24% compared to previous year´s quarter due to stro
Slide 4: Strong Development Partner Business
Strong Development Partner Business Order Entry Partner* Comments (in €m without upfront deals) > Deconsolidation effects of SNP Poland and acquisition effects of Datavard and EXA on software revenue not included 20.0 17.2 > No partner upfront deals since Midst 2021 11.4 9.8 10.2 > Strong increase i
Slide 5: Order Entry and Revenue by Region Q1 2022 – Book-to-bill: 1.08
Order Entry and Revenue by Region Q1 2022 – Book-to-bill: 1.08 Order Entry Revenue (in €m) (in €m) UKI UKI USA USA 1.3 2.0 5.0 5.0 JAPAC JAPAC 5.2 4.9 € 44.1m € 41.0m CEU CEU (-16%) (+24%) 26.7 23.9 5.9 5.3 LATAM LATAM © 2022 SNP I The Data Transformation Company – www.snpgroup.com |5
Slide 6: Overview Partner Business Q1 2022
Overview Partner Business Q1 2022 > Strategic partnerships with 7 of the world's 10 largest IT consulting companies Partner Revenue: € 14.9m > Accenture & SNP joint Data Transformation Factory is up and running - already need to add additional delivery 36% of Group Revenue resources > New partnershi
Slide 7: Partners
Partners Technology Market Global (12) Regional (39) ”SNP's solution 'Cloud Move for Azure' offers our customers a ”Thanks to the cooperation with SNP, we offer our customers fast and secure path to the Azure Cloud. SNP has many years the perfect basis for their transformation projects - secured by
Slide 8: Headcount Evolution
Headcount Evolution Headcount split by function Q1 2022 Admin Students -25 & Trainees 1,335 1,310 3% Marketing 14% & Sales 14% R&D 12% 1,310 Organic 57% 2021 changes Q1 2022 Consulting © 2022 SNP I The Data Transformation Company – www.snpgroup.com |8
Slide 9: Agenda
AGENDA OVERVIEW FINANCIALS OUTLOOK QUESTIONS & ANSWERS APPENDIX © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 10: Income Statement Q1 2022
Income Statement Q1 2022 (in €m) Q1 2022 Q1 2021 Δ (%) Comments Revenue 41.0 33.1 +24.1 > Strong revenue development in Gross profit 35.6 27.7 +28.3 all segments Personal expenses -27.1 -25.4 +6.7 > Higher personal expenses due to Other income/expenses -4.6 -3.1 +44.9 compensation payments EBITDA 3.
Slide 11: Segment Software – Revenue and EBIT Q1 2022
Segment Software – Revenue and EBIT Q1 2022 Revenue EBIT Comments (in €m) (in €m) > Software segment up 25% > Revenues with software licenses increase by 45% to 7.5m € > High EBIT segment margin of 31% confirms success of SNP +25% strategy 12.1 +238% 9.7 3.8 1.6 Q1 2021 Q1 2022 Q1 2021 Q1 2022 © 202
Slide 12: Segment Service – Revenue and EBIT Q1 2022
Segment Service – Revenue and EBIT Q1 2022 Revenue EBIT Comments (in €m) (in €m) +19% > Service segment grew in Q1 2022 +19% due to good order 26.5 backlog increased and utilization 22.2 > Operating profit with positive development due to increased utilization n/a 0.1 -2.3 Q1 2021 Q1 2022 Q1 2021 Q1
Slide 13: Segment EXA – Revenue and EBIT Q1 2022
Segment EXA – Revenue and EBIT Q1 2022 Revenue EBIT Comments (in €m) (in €m) > EXA was consolidated for the first time in March 2021. Therefore, the comparison with the previous year not meaningful +218% -60% 2.4 0.5 1.1 0.2 Q1 2021 Q1 2022 Q1 2021 Q1 2022 © 2022 SNP I The Data Transformation Compan
Slide 14: Order Entry Q1 2022 and Order Backlog
Order Entry Q1 2022 and Order Backlog Comments Order Entry Order Backlog (in m€ ) (in m€) > Order entry 16% decline mainly +2% attributable to the changes made to the scope of 133.9 137.0 consolidation as well as customers switching over from a strategic, program-based contract approach and instead
Slide 15: Reconciliation Order Backlog Q1 2022
Reconciliation Order Backlog Q1 2022 (in €m) Comments 44.1 41.0 > Higher Backlog in Q1 2022 resulting mainly from Order Entry exceeding Revenue -0.2 -1.1 > Lower Volume Adjustments due to the absence of special effects (Mergers) 137.0 > Order Entry includes € 8.0m from EXA & Datavard 135.2 31 Dec 20
Slide 16: Balance sheet structure
Balance sheet structure Assets (in €m) 31/03/2022 31/12/2021 Comments Cash, cash equivalents and other financial assets 37.6 41.5 Receivables & contract assets 69.2 63.7 > Current assets increased due to increase in contract assets Other currents assets 6.9 4.9 as result of higher revenues Total cur
Slide 17: Cash flow Statement Q1 2022
Cash flow Statement Q1 2022 Comments (in €m) Q1 2022 Q1 2021 Δ (abs.) Net income -0.6 -2.5 +1.9 > Operating cash flow negative due to growth-related Depreciation 2.6 1.8 +0.8 increased working capital Change in W/C -5.5 -1.4 -4.1 Change in other items -1.8 -1.0 -0.8 > Further Cash outflow trough bon
Slide 18: Agenda
AGENDA OVERVIEW FINANCIALS OUTLOOK QUESTIONS & ANSWERS APPENDIX © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 19: 2022 outlook & 2024 mid-term goals
2022 outlook & 2024 mid-term goals 2024 2022 2021 > Group Revenue > € 230m > Revenue share: > Growth in Group Order Entry Segment Software expected to > Group Order Entry: € 192.1m grow above group level > Group Revenue: € 170m to > Group Revenue: € 167.0m / € 190m > Group EBIT margin: € 160.0m (lik
Slide 20: Summary – SNP Investment Highlights
Summary – SNP Investment Highlights Leading global provider and pioneer of software solutions for automated data migrations and digital 1 transformation in the SAP environment. Strategic partnerships with 7 of the world's 10 largest IT consulting companies accelerate the growth of the 2 highly profi
Slide 21: We are happy to take your questions!
WE ARE HAPPY TO TAKE YOUR QUESTIONS! © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 22: Agenda
AGENDA OVERVIEW FINANCIALS OUTLOOK QUESTIONS & ANSWERS APPENDIX © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 23: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets © 2022 SNP I The Data Transformation Company – www.snpgroup.com | 23
Slide 24: Consolidated Balance Sheet – Equity and Liabilities
Consolidated Balance Sheet – Equity and Liabilities © 2022 SNP I The Data Transformation Company – www.snpgroup.com | 24
Slide 25: Consolidated Income Statement
Consolidated Income Statement © 2022 SNP I The Data Transformation Company – www.snpgroup.com | 25
Slide 26: Consolidated Cashflow Statement
Consolidated Cashflow Statement © 2022 SNP I The Data Transformation Company – www.snpgroup.com | 26
Slide 27: Consolidated Cashflow Statement
Consolidated Cashflow Statement © 2022 SNP I The Data Transformation Company – www.snpgroup.com | 27
Slide 28: Segment Reporting
Segment Reporting © 2022 SNP I The Data Transformation Company – www.snpgroup.com | 28
Slide 29: Financial Calendar 2022
Financial Calendar 2022 Mar 30, 2022 Publication of the Annual Report 2021 Apr 28, 2022 Publication of the Interim Statement Q1 2022 Jun 2, 2022 Annual General Meeting 2022 Aug 10, 2022 Publication of the Half-Year Financial Report 2022 Oct 27, 2022 Publication of the Interim Statement Q3 2022 © 202
Slide 30: Thank you for your time
Thank you for your time SNP Schneider-Neureither & Partner SE Speyerer Str. 4 69121 Heidelberg Germany Marcel Wiskow, Director IR +49 6221 64 25 – 637 Investor.relations@snpgroup.com © 2021 SNP I The Data Transformation Company – www.snpgroup.com
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