Nagarro Se · XETR:NA9
Nagarro — Shareholder Meeting (June 2024)
26 slides from Nagarro's shareholder meeting presentation, Jun 27, 2024
Slide 1: Nagarro SE Annual General Meeting
Munich, June 27, 2024 Nagarro SE Annual General Meeting
Slide 2: Carl Georg Dürschmidt
Carl Georg Dürschmidt Chairperson of the Supervisory Board of Nagarro SE
Slide 3: Agenda
Agenda 1. Welcome and general remarks 2. Annual financial statements, consolidated financial statements and combined management report for the fiscal year 2023 3. Report of the Management Board 4. Presentation of the adjusted remuneration system for members of the Management Board 5. General debate
Slide 4: Report of the Management Board
Report of the Management Board Manas Human Chairperson of the Management Board of Nagarro SE
Slide 5: Fluidic Enterprise
7 OI nagarro Fluidic Enterprise
Slide 6: Profit & Loss
€ 912.1 million 2023 revenue Profit 25.8% gross margin & Loss 13.8% Adj. EBITDA margin1 1. Adjusted EBITDA is independent of IFRS rules and includes the company’s adjustments for certain special items. Please see Appendix for reconciliation of EBITDA to Adjusted EBITDA as in the Annual Report 2023.
Slide 7: Evolution of KPIs
Evolution of KPIs Revenues Gross profit Adjusted EBITDA €m €m €m 6.5% increase 4.6% decrease 912.1 247.1 15.1% decrease 856.3 235.7 148.5 126.1 29% 26% 17% 14% 2022 2023 2022 2023 2022 2023 1. Adjusted EBITDA is independent of IFRS rules and includes the company’s adjustments for certain special ite
Slide 8: Revenue by region
Revenue by region Revenues €m 344.1 329.2 257.7 231.7 215.3 179.0 101.5 109.8 2022 2023 2022 2023 2022 2023 2022 2023 North America Central Europe 1 Rest of Europe Rest of World 1. Central Europe comprises Austria, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Serbia, Slovakia, Sloveni
Slide 9: Balance sheet
€ 110.1 million cash Balance sheet € 185.7 million working capital as of Dec. 31, 2023 € 268.6 million non-current loans and borrowings
Slide 10: Share price performance
Share price performance 160% <--- FY23 FY24 ---> 140% 120% TecDAX (+14%) 100% Globant (-6%) 80% Nagarro (-27%) 60% Epam (-47%) 40% Endava (-65%) 20% 0% Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Jan 2024 Feb 2024 Mar 2024 Apr 2024 May
Slide 11: Non-financial indicators
63 net promoter score Non-financial 181 clients > €1 million in 2023 revenue indicators 18,413 professionals
Slide 12: Qualitative transformation in 2023
Qualitative transformation in 2023
Slide 13: 2024 so far
2024 so far Full year guidance Q1 P&L (February 20, 2024) Revenue Revenue Approx. € 1 billion € 238.3 million Gross margin Gross margin Approx. 27% 26.8% (by previous method) (by previous method) 30.9% (by current method*) Adjusted EBITDA Approx. 14% Adjusted EBITDA € 39.2 million *Nagarro has revis
Slide 14: Our continued focus
Our continued focus • Agility and entrepreneurship in a robust framework • A differentiated experience for clients and talent • Expansion into our global blue-chip customer base • Synergistic M&A and integrations
Slide 15: Share Buyback 2023
Share Buyback 2023 (May 2nd – August 15th 2023) Purchased no-par value shares Total purchase price (excl. costs) 350,000 € 29,694,072.54 Attributable amount of Average purchase price per share nominal share capital € 84.8402 € 350,000 Share of share capital Approx. 2.54%
Slide 16: Report of the Supervisory Board
Report of the Supervisory Board Carl Georg Dürschmidt Chairperson of the Supervisory Board of Nagarro SE
Slide 17: Adjusted remuneration system for Management Board
Adjusted remuneration system for Management Board (agenda item 6) • Existing remuneration system has been supplemented by short-term variable remuneration: Component 1: Organizational Bonus of up to 25% of fixed salary, if Adjusted EBITDA margin of Nagarro group is 15% or more during each relevant q
Slide 18: General Debate
General Debate
Slide 19: Voting on agenda items 2-6
Voting on agenda items 2-6
Slide 20: Voting on items 2 and 3
Please note: The following resolution proposals are only for your information. Only the resolution proposals published in the Federal Gazette on May 17, 2024, as submitted to voting by the chairperson of the meeting are decisive. Voting on items 2 and 3 2) Resolution on the discharge of the members
Slide 21: Voting on item 4
Voting on item 4 4) Resolution on the appointment of the auditor On the recommendation of its Audit Committee, the Supervisory Board proposes that KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin, be appointed as auditor of the annual financial statements and as auditor of the consolidated financial
Slide 22: Voting on items 5 and 6
Voting on items 5 and 6 5) Resolution on the approval of the remuneration report The Management Board and the Supervisory Board propose that the remuneration report of Nagarro SE for the financial year 2023, prepared in accordance with Section 162 AktG and audited by the auditor, be approved. 6) Res
Slide 23: Carl Georg Dürschmidt
Carl Georg Dürschmidt Chairperson of the Supervisory Board of Nagarro SE
Slide 24: Announcement of the voting results
Announcement of the voting results
Slide 25: Thank you for your participation!
Thank you for your participation!
Slide 26: Slide 26