Tinexta Spa · MIL:TNXT
Tinexta Spa — 9M 2018 Earnings Presentation
19 slides from Tinexta Spa's earnings presentation, Nov 15, 2018
Slide 1: Tinexta Group 9 Months 2018 Results
Tinexta Group 9 Months 2018 Results 15 November 2018
Slide 2: Disclaimer
Disclaimer ▪ This document was prepared by Tinexta Spa (the “Company”) for the sole purpose of presenting the performance and the activities of the Company. The information provided with this document does not contain nor constitute an offer of securities for sale, or the solicitation of an offer to
Slide 3: Agenda
Agenda I. 9 Months 2018 Results 3 II. Looking Forward 14 III. Appendix 16 Results at 30 September 2018 3 15 November 2018
Slide 4: Premise
I. 9 Months 2018 Results Premise From 1st January 2018 the Group has adopted the IFRS 15 Accounting Principle “Revenue from Contracts with Customers” and the Accounting Principle IFRS 9 “Financial Instruments”, which required modifications of the accounting policies and adjustments of the amounts re
Slide 5: 9 Months 2018 Results Highlights
I. 9 Months 2018 Results 9 Months 2018 Results Highlights o/w Δ% 2 € mn 9M 2018 9M 2017 1 Change Δ% IFRS 2018 Revenues 169.7 127.1 42.6 33,6% 0,7% EBITDA 44.1 29.5 14.6 49,5% 3,4% Operating Profit 33.1 20.6 12.5 60,6% 4,8% Net Profit 22.0 15.0 7.1 47,2% 3,9% Adjusted Net Profit 24.6 12.6 12.0 94,9%
Slide 6: Results by Business Segment: Focus on EBITDA
Results by Business Segment: Focus on EBITDA Net of Non-recurring items Summary Income I. 9 Months 2018 Results 9 Months EBITDA % 9 Months EBITDA % Statement by Business Change Change % 2018 2017 Segment (€ '000) 30/9/18 30/9/17 Revenues Digital Trust 68,068 56,569 11,498 20.3% Credit Information &
Slide 7: Results by Business Segment: Organic vs. Perimeter Change
Results by Business Segment: Organic vs. Perimeter Change Net of Non-recurring items I. 9 Months 2018 Results Change Summary Income 9 Months 9 Months Statement by Business Change 2018 2017 Segment (€ '000) Total IFRS 2018 Organic Perimeter Revenues Digital Trust 68,068 56,569 11,498 20.3% 1.5% 9.9%
Slide 8: Highlights – Digital Trust
Highlights – Digital Trust Net of Non-recurring items I. 9 Months 2018 Results 9 Months 9 Months € mn Change Δ% 2018 2017 Revenues 68,068 56,569 11,498 20.3% EBITDA 17,878 13,290 4,588 34.5% EBITDA Margin 26.3% 23.5% Revenue Growth% EBITDA Growth% 20.3% 34.5% 20 35 30 5.9% 8.9% 15 25 20 10 20.2% 15
Slide 9: Highlights – Credit Information & Management
Highlights – Credit Information & Management Net of Non-recurring items I. 9 Months 2018 Results 9 Months 9 Months € mn Change Δ% 2018 2017 Revenues 53,501 51,613 1,888 3.7% EBITDA 11,138 10,251 887 8.7% EBITDA Margin 20.8% 19.9% In the Credit Information & Management BU revenues rose 3.7% to €53.5
Slide 10: Highlights – Innovation & Marketing Services
Highlights – Innovation & Marketing Services Net of Non-recurring items 9 Months 9 Months I. 9 Months 2018 Results € mn Change Δ% 2018 2017 Revenues 47,994 12,685 35,310 278.4% EBITDA 20,678 4,742 15,936 336.1% EBITDA Margin 43.1% 37.4% Revenue Growth% EBITDA Growth% 300 272.4% 278.4% 400 350 337.6%
Slide 11: Balance sheet highlights
Balance sheet highlights 247.9 243.2 I. 9 Months 2018 Results Major Variations (€ mn): • From 1/1/18 total impact Net invested €243.2 of FTA IFRS15 (including tax capital -1.9% effect): -8.3 mn • Provisional Goodwill from Comas & Webber acquisition: +7.5 31-12-17 30-09-18 143.3 139.1 Δ Shareholders’
Slide 12: Net financial indebtedness
I. 2018 Risultati Net financial indebtedness € mn 31-12-17 30-09-2018 Net financial debt of € 104.1 million Net Financial Indebtedness 104.6 104.1 is substantially unchanged compared to 31 December 2017. Gross Financial Indebtedness 145.9 141.3 Net financial indebtedness includes: Bank Debt 51.7 47.
Slide 13: Free Cash Flow Effect on Net Financial Indebtedness
Free Cash Flow Effect on Net Financial Indebtedness € mn I. 9 Months 2018 Results 104.6 6.8 1.6 0.3 104.1 10.2 -1.1 -0.7 12.1 -29.6 NFI 31-12-2017 Free Cash Flow Dividends PUT adjustment Business Net Financial Capital Increase FTA IFRS 9 Other NFI 30-9-2018 combinations Income/Costs (Cedacri adjustm
Slide 14: Agenda
Agenda I. 9 Months 2018 Results 3 II. Looking Forward 14 III. Appendix 16 Results at 30 September 2018 14 15 November 2018
Slide 15: Looking forward: 2018 Full Year Results
II. Looking foward Looking foward 2018 Full Year Results Tinexta will continue its strategy to integrate the Group companies to maximize internal growth opportunities and synergies, with the medium-term objective to maximize opportunities through synergistic development via all commercial channels a
Slide 16: Agenda
Agenda I. 9 Months 2018 Results 3 II. Looking Forward 14 III. Appendix 16 Results at 30 September 2018 16 15 November 2018
Slide 17: Appendix: Adjusted Net Profit
III. Appendix Adjusted Net Profit 9 Months 9 Months Change O/w Δ % Δ IFRS Summary Income Statement (€ '000) 2018 2017 IFRS 2018 %Δ 2018 IFRS 2017 Net Profit 22,020 14,954 7,066 587 47.2% 3.9% Non-recurring Revenues (179) (6,228) 6,049 Non-recurring Service Costs 583 1,337 (754) Non-recurring Personn
Slide 18: Business Plan 2018-2020 approved by the BoD
Tinexta Group Business Plan 2018-2020 approved by the BoD III. Appendix € mn Revenues Ebitda 240+ 215+ EBITDA will EBITDA grow growth will be 181.0 proportion- close to 50% ally more vs 2017 than revenues Preliminary 147.3 vs. 2017 Results Preliminary results 40.6 29.3 2016 2017 * 2018 2020 Note: 20
Slide 19: Corporate website and investor email
Corporate website: www.tinexta.com Email: investor@tinexta.com