Cy4gate Spa · MIL:CY4
Cy4gate Spa — Q1 2024 Earnings Presentation
18 slides from Cy4gate Spa's earnings presentation, May 15, 2024
Slide 1: Q1 2024 Financial Results
Cy4Gate Q1 2024 Financial Results May 15, 2024
Slide 2: Agenda
AGENDA ➢ Business Update ➢ Q1 2024 Financials ➢ Strategy & Outlook
Slide 3: Business Update
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Slide 4: Highlights
Highlights 360° CYBER VENDOR HUGE TARGET ADDRESSABLE MARKET Robust technology engine with proprietary Governments – Big Corporation & SME in the solutions cyberintelligence and cybersecurity markets UNIQUE POSITIONING TALENT AND PEOPLE “AT THE CORE” Unique positioning in the cyber space with Investm
Slide 5: Focus on M&A to become an European Cyber Leader Company
Focus on M&A to become an European Cyber Leader Company 2021 2022 2023 RCS is a leading Italian player operating in DIATEAM is a French company operating XTN is an Italian company operating in the IT the forensic intelligence & data analysis in the cyber security sector for security sector, with sol
Slide 6: 2024 Partnership
2024 Partnership February 2024 May 2024 Attiva Innovery Signed a strategic agreement which sees ATTIVA as Signed a strategic agreement which sees Innovery distributor for Cy4Gate solutions on the Italian as distributor for Cy4Gate solutions on the Italian corporate market both in the CyberSecurity a
Slide 7: Financials
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Slide 8: Q1 2024 Key Data
Q1 2024 Key Data Revenues¹ R&D € mln € mln YoY % YoY % 14.3 14.7 +2.4% +26% 1.9 1.5 Q1 2023 Q1 2024 Q1 2023 Q1 2024 2 EBITDA Profit/(Loss) € mln € mln 0.04 (0.3) (4.8) (5.4) Q1 2023 Q1 2024 Q1 2023 Q1 2024 1. Including other operating revenues; comparative 2023 does not include 1Q of XTN 8 2. Negati
Slide 9: Q1 2024 Revenues Breakdown
Q1 2024 Revenues Breakdown By business line By geographical area Decision Intelligence Forensic Intelligence Cyber Security Italy Export 8% ~66% 23% ~50% ~50% 38% 45% ~34% 54% 32% Q1 2023 Q1 2024 Q1 2023 Q1 2024 Business mix changes, mainly due to increased International sales are slightly down comp
Slide 10: Q1 2024 People Investment
Q1 2024 People Investment Positive Items Negative Items Total 531 4 (28) 538 504 31 27 Total personnel increased in the first quarter of 2024 by a total of 34 resources: ▪ Increase of 27 resources related to the XTN acquisition that will strengthen the cybersecurity line ▪ Increase of 35 resources i
Slide 11: Q1 2024 Profit & Loss
Q1 2024 Profit & Loss € mln Q1 20241 Q1 2023 Executive Summary: Operating Revenues 14.4 14.1 Other Operating Revenues 0.2 0.2 ▪ Revenues +2% compared to the first quarter of 2023, with the Total Revenues 14.7 14.3 consolidation of XTN. Services, Procurement & 6.6 7.2 other operating costs ▪ Costs in
Slide 12: Q1 2024 Asset & Liabilities
Q1 2024 Asset & Liabilities € mln Q1 2024 FY 2023 Executive Summary: Fixed assets 96.2 87.9 Inventory 0.7 0.8 ▪ Fixed Assets increase due to the goodwill of the acquisition of Contract assets (liabilities) 3.6 3.1 77.8% of the share capital of XTN. Trade receivables 52.8 53.7 ▪ Net Working Capital d
Slide 13: Strategy & Outlook
Strategy & Outlook CY GATE Part of ELT Group
Slide 14: Our growth Strategy: Market
Our growth Strategy: Market Cy4Gate Group portfolio – cyber intelligence & cyber security products - perfectly fits with the following 3 fast growing markets, both in Italy and abroad: Products involved ▪ Increasing internal and external security threats and undergoing military network-centric moder
Slide 15: Our growth Strategy: Actions
Our growth Strategy: Actions 2024 2025-2026 Opportunities ▪ Strengthen industrial partneships with Tier-1 Italian and ▪ Capture EU funds (NATO, EDA, ESA) for R&D in the cyber also The strategy will be a key European Defence Contractors through industrial partnership enabler to: ▪ Penetrate new geogr
Slide 16: Expected Revenues 2024
Expected Revenues 2024 PIPELINE CONVERSION RATE TOTAL TOTAL ~210 €M ~16% ~32-35 €M BACKLOG RECURRING TOTAL TOTAL ~21 €M ~31-34 €M ~52-55 €M 16
Slide 17: Outlook FY 2024
Outlook FY 2024 01 PIPELINE CONVERSION FY2024 32-35 €M REVENUES 02 84-90 €M BACKLOG/RECURRING FY2024 52-55 €M 17
Slide 18: Follow us
Follow us: Headquarter Via Coponia, 8 00131 Rome - Italy CFO & Investor Relations Manager Marco Latini investors@cy4gate.com Investor Relations Advisor CDR Communication silvia.dirosa@cdr-communication.it luca.gentili@cdr-communication.it 18