Strongpoint Asa · OSL:STRO
Strongpoint Asa — Q3 2023 Earnings Presentation
18 slides from Strongpoint Asa's earnings presentation, Oct 23, 2023
Slide 1: StrongPoint Q3 2023
StrongPoint Q3 2023 23 October 2023
Slide 2: Agenda
Agenda Introduction Q3 2023 highlights Jacob Tveraabak Marius Drefvelin Chief Executive Officer Chief Financial Officer Other financials
Slide 3: Our purpose
Our purpose: Retail technology in every shopping experience for a better and smarter life Driving Improving both Efficiency Boosting the in-store and Savings margins online experience for shoppers
Slide 4: Challenging macro environment also impacting grocery retailers
Challenging macro environment also impacting grocery retailers Inflation Discounters E-Commerce Price changes and increased Shoppers looking for cheaper Expensive for everyone, competitive pressure alternatives unprofitable for many Technology is a vital and integral part of the solution to these ch
Slide 5: Q3 2023 highlights
Q3 2023 highlights 'S) StrongPoint
Slide 6: 3rd quarter revenue
3rd quarter revenue Revenue MNOK -15% 405 381 346 337 321 301 293 289 284 249 252 223 215 196 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
Slide 7: 3rd quarter EBITDA
3rd quarter EBITDA EBITDA MNOK -17 MNOK 34 21 21 20 20 17 14 13 12 12 10 8 4 2 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
Slide 8: Continued customer success in priority areas
Continued customer success in priority areas
Slide 9: Continued customer success in priority areas
Continued customer success in priority areas Leading Norwegian grocery Breakthrough in the UK of Pricer Baltic operations growing revenue retailer ordered 80 MNOK of ESLs to East of England Coop by 16.5% vs. same quarter last Pricer ESL and O&CC year and 26.1% YTD
Slide 10: Progress on strategic ambitions
Progress on strategic ambitions
Slide 11: Communicated in Q2 report
Communicated in Q2 report • Improvement in H2 following soft Q2 • More details on the cash management project during Q3 • Disappointed if no major deal coming out of UK during H2
Slide 12: Other financials
Other financials
Slide 13: Earnings per share
Earnings per share EPS EPS adjusted* EPS per quarter EPS rolling 12 month NOK per share NOK per share 1.01 0.95 0.87 0.81 0.66 0.70 0.56 0.57 0.58 0.56 0.45 0.38 0.39 0.39 0.27 0.28 0.18 0.18 0.18 0.17 0.12 0.12 0.07 0.11 0.04 -0.02 -0.15 -0.21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q1-22 Q2-22 Q
Slide 14: Cash Flow movements in 2023
Cash Flow movements in 2023 MNOK 25 2 21 85 40 19 19 47 12 37 Cash EBITDA Change Change Capex Purchase Change Dividend Other Cash 31.12.22 NWC Overdraft / sale own long term 30.09.23 shares debt (IFRS 16)
Slide 15: Main working capital changes in 2023
Main working capital changes in 2023 MNOK 249 13 221 9 15 34 24 31.12.2022 Accounts Accounts Public/Other Large projects Inventory 30.09.2023 receivables payables current
Slide 16: Net interest-bearing debt
Net interest-bearing debt MNOK Net leverage, ex. IFRS 16 -3.43 -0.26 -0.13 -0.10 0.56 0.56 1.59 liabilities Net leverage, incl. IFRS 16 -2.75 0.50 1.08 0.95 1.61 2.00 3.35 liabilities 177 NIBD ex IFRS 16 140 IFRS 16 liabilities 125 93 67 72 101 Net Interest 82 25 84 Bearing Debt 35 37 75 79 43 39 -1
Slide 17: Next presentation
Next presentation Investor relations contact information: • 12 February 2024: Q4 2023 and Strategic Update investor@strongpoint.com CFO Marius Drefvelin marius.drefvelin@strongpoint.com +47 958 956 90
Slide 18: Thank you
Tank you 'S) StrongPoint