Slide 1: StrongPoint Q4 2023
StrongPoint Q4 2023 12 February 2024
Slide 2: Agenda
Agenda Introduction Q4 2023 highlights Customer success Jacob Tveraabak Marius Drefvelin Other financials Chief Executive Officer Chief Financial Officer Strategic ambitions
Slide 3: Our purpose
Our purpose: Impact on grocery retailers Impact on end consumers "Retail technology in every shopping experience for a smarter and better life" Driving Improving both Efficiency Boosting the in-store and online Savings margins experience for shoppers
Slide 4: Macro environment also impacting grocery retailers
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 challenges
Slide 5: Q4 2023 highlights
Q4 2023 highlights 'S) StrongPoint
Slide 6: 4th quarter revenue
4th quarter revenue Revenue MNOK -18% 405 381 346 337 331 321 301 293 289 284 249 252 196 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23
Slide 7: 4th quarter EBITDA
4th quarter EBITDA EBITDA MNOK 34 20 20 21 14 13 12 12 10 8 4 2 -3 -18* -21 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 * The Q4 2023 EBITDA was -20.6 MNOK, including non-recurring restructuring and M&A costs of 7.3 MNOK and write-downs 10.6 MNOK. Excluding these ad
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 Largest Grocery Retailer in Baltics, Norwegian retailer Felleskjøpet Revenue growth of 22% and Maxima, Signs Multi-year Framework orders Pricer Electronic Shelf 35% in the Baltics and Spain, Agreement for Self-Checkouts Labels from StrongPoint respectivel
Slide 10: Other financials
Other financials
Slide 11: Earnings per share
Earnings per share EPS EPS adjusted* EPS per quarter EPS rolling 12 month NOK per share NOK per share 0.95 1.01 0.81 0.87 0.66 0.70 0.56 0.57 0.58 0.56 0.39 0.39 0.45 0.28 0.38 0.18 0.27 0.07 0.11 0.12 0.18 0.12 0.18 0.17 0.04 -0.02 -0.21 -0.15 -0.52 -0.65 -0.59 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q
Slide 12: Cash Flow movements in 2023
Cash Flow movements in 2023 MNOK 41 76 4 25 40 49 26 47 1 39 4 Cash EBITDA Change Change Capex Sale own Change Dividend Tax paid Other Cash 31.12.22 NWC Overdraft shares long term 31.12.23 debt (IFRS 16)
Slide 13: Main working capital changes in 2023
Main working capital changes in 2023 MNOK 221 34 183 12 9 2 31.12.2022 Accounts Accounts Large Inventory 31.12.2023 receivables payables projects
Slide 14: Net leverage and net interest-bearing debt
Net leverage and net interest-bearing debt Net leverage 0.04x 0.69x 0.68x 1.73x n.m. 92 Net interest-bearing 81 debt (MNOK) 53 48 3 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Net leverage = Net interest-bearing debt / 12 months rolling EBITDA Net interest-bearing debt includes interest bank loans and bank overdr
Slide 15: Progress on strategic ambitions
Progress on strategic ambitions
Slide 16: Acquisition of Hamari Group
Acquisition of Hamari Group • Acquisition of Hamari Group completed • Annual revenue in 2022 was EUR 1.5 million • Hamari is a retail technology solutions company based in Finland established in 2006 • Provides services and installation to retailers and grocery retailers, predominantly electronic sh
Slide 17: Financial ambitions 2025 update
Financial ambitions 2025 update 2020 2020-2024 Communicated Pandemic, 2025 Strategy & War in Europe, Financial Inflation & Ambitions Interest rates
Slide 18: 2023 reflections
2023 reflections
Slide 19: Result of our strategic investments
Result of our strategic investments
Slide 20: The long-term fundamentals are in our favour
The long-term fundamentals are in our favour Grocery Need for Investments in retailers efficiency-saving key growth operating in a technologies markets starting highly resilient to bear fruit industry
Slide 21: Next presentation
Next presentation Investor relations contact information: • 25 April 2024: Q1 2024 and Strategy investor@strongpoint.com or Update Session marius.drefvelin@strongpoint.com Marius Drefvelin, CFO Mobile: +47 958 956 90
Slide 22: Thank you
Thank you