Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — Q1 2024 Earnings Presentation
22 slides from Asseco South Eastern Europe's earnings presentation, Apr 25, 2024
Slide 1: ASEE Payten
aasee Payten
Slide 2: Financial results for Q1.2024 And Business Update
Financial results for Q1.2024 And Business Update 25th April, 2024
Slide 3: Q1'24 – Highlights
Q1’24 – Highlights • Very strong Payment as main contributor to EBIT growth YoY. Growth driven by eCommerce and Processing as well as IPD and ECR networks • Q1 still good in Banking Solutions thanks to multichannel and security solutions, which compensated slowdown in core banking. Slowdown expected
Slide 4: Q1'24 – ASEE best deals: Banking solutions
Q1’24 – ASEE best deals Banking solutions: • Multifactor Authentication Solution SxS – for a large bank in • Financial gateway implementation for a bank in Serbia Croatia • Financial gateway implementation for a bank in • Mobile application security solution – App Protector for a Montenegro bank in
Slide 5: Q1'24 – ASEE best deals: Dedicated solutions
Q1’24 – ASEE best deals Dedicated solutions: • Mobile application for insights into the citizens’ accounts in • Integration of the DMS System for a private company in Serbia Romania • Licenses and implementation services of the WAF system in • Dynatrace Application Performance Management 2 Year Serb
Slide 6: Q1'24 – Payten best deals: E-Commerce
Q1’24 – Payten best deals E-Commerce: ▪ Payten Payment Gateway – Payten Payment Gateway ▪ Nestpay – Juzdan BNPL Integration at a large size bank project including card storage at an IT company ▪ Nestpay - Secure Payment Page (HPP) at a large size public bank ▪ Payten Payment Gateway - BNPL Integrati
Slide 7: Q1'24 – Payten best deals: ATM, POS, IPD and ECR
Q1’24 – Payten best deals ATM and POS related services: IPD and ECR: ▪ Bank in Romania extended existing POS outsourcing ▪ Instore Payments (IPD) solution for a clothing retailer chain contracts in Croatia ▪ Extension of ATM maintenance contract for Croatian bank ▪ Instore Payments (IPD) solution fo
Slide 8: Q1 2024 results
OD = O1 2024 results
Slide 9: Q1'24 – Growth of results in EUR
Q1’24 – Growth of results in EUR mEUR mPLN Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 % Diff Q1 2024 Q1 2023 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 84.9 80.9 84.5 80.6 +5% 367.1 380.1 365.3 378.7 -4% EBITDA 16.4 15.5 16.4 15.4 +6% 71.1 72.8 70.9 72.4 -2% EBIT 11.0 10.6 11.1 10.6
Slide 10: Q1'24 – Good quarter for Payment business
Q1’24 – Good quarter for Payment business Revenue EBITDA EBIT mEUR Q1 2024 Q1 2023 Diff Q1 2024 Q1 2023 Diff Q1 2024 Q1 2023 Diff 43 44 -1 6 7 -1 5 6 -1 Payment Solutions 41.2 36.5 +4.6 10.0 8.3 +1.7 6.6 5.0 +1.6 Non-Payment 43.4 44.0 -0.7 6.4 7.1 -0.7 4.5 5.6 -1.1 Banking Solutions 16.7 15.4 +1.4 4
Slide 11: Q1'24 – eCommerce and Processing growth
Q1’24 – eCommerce and Processing growth EBIT per BUs Q1 2024 Revenue eCommerce 13% (13%) mEUR Q1 2024 Q1 2023 Diff Processing ECR + IPD 3% (4%) ECR + IPD 3.4 2.9 +0.6 8% (2%) POS 38% ATM eComm. + Proc. 11.7 8.1 +3.7 POS (59%) 29% (31%) 55% (52%) ** eComm. + Proc. ATM (incl. IAD) 7.8 6.0 +1.8 46% (29
Slide 12: Q1'24 – Turkey as biggest contributor to growth
Q1’24 – Turkey as biggest contributor to growth Revenue EBIT mEUR Q1 2024 Q1 2023 Diff % Diff Q1 2024 Q1 2023 Diff % Diff B&H 5.9 5.3 +0.6 +11% 0.6 0.9 -0.3 -31% Croatia 13.0 11.1 +1.9 +17% 1.0 0.6 +0.3 +51% Iberia 11.5 12.2 -0.7 -6% 1.6 1.4 +0.2 +12% Latam 2.0 1.8 +0.2 +11% 0.2 0.1 +0.1 +92% Macedo
Slide 13: Liquidity
Liquidity 13
Slide 14: Net Cash position
Net Cash position mEUR 31 Mar'24 2023 YE Diff Cash and short term investments 60.4 72.0 -11.6 Lease liabilities -10.7 -10.9 +0.2 Bank loans and credit lines -20.9 -24.3 +3.4 Deferred and contingent payments for acquisitions (short-term) -10.7 -12.6 +2.0 Net Cash 18.0 24.2 -6.1 Receivables and Prepay
Slide 15: Cashflow
Cashflow mEUR Q1 2024 LTM 2023 2022 Operating cash flow* 61.3 70.3 52.5 infrastructure for outsourcing & own networks -5.5 -5.5 -3.8 - Capitalized R&D 0.0 -0.1 -0.3 - M&A -20.0 -18.2 -31.7 - Other CAPEX -10.4 -9.8 -5.2 - Dividends for minority shareholders -3.3 -2.4 -0.8 Free Cash Flow 22.0 34.2 10.
Slide 16: Outlook for 2024
Outlook for 2024 16
Slide 17: ASEE + Payten
ASEE + Payten mEUR Q2 2024 Q2 2023 % Diff mEUR 2024 2023 % Diff Revenues BL 73.0 73.1 -0% Revenues BL 279.5 273.0 +2% Margin1 BL 54.3 52.2 +4% Margin1 BL 209.6 195.5 +7% 60 250 50 +4% +7% 200 40 150 30 20 54.3 52.2 100 209.6 195.5 50 10 0 0 Q2 2024 Q2 2023 2024 2023 * backlog data from April 2024 an
Slide 18: ASEE – Banking and Dedicated Solutions
ASEE – Banking and Dedicated Solutions mEUR Q2 2024 Q2 2023 % Diff mEUR 2024 2023 % Diff Revenues BL 36.5 32.8 +11% Revenues BL 137.1 138.7 -1% Margin1 BL 23.9 24.9 -4% Margin1 BL 88.1 90.4 -3% 30 100 90 25 -4% -3% 80 20 70 60 15 50 10 23.9 24.9 40 88.1 90.4 30 5 20 10 0 0 Q2 2024 Q2 2023 2024 2023
Slide 19: Payten
Payten mEUR Q2 2024 Q2 2023 % Diff mEUR 2024 2023 % Diff Revenues BL 36.6 40.3 -9% Revenues BL 142.4 134.2 +6% Margin1 BL 30.4 27.4 +11% Margin1 BL 121.4 105.1 +16% 35 140 30 +11% 120 +16% 25 100 20 80 15 30.4 27.4 60 121.4 105.1 10 40 5 20 0 0 Q2 2024 Q2 2023 2024 2023 * backlog data from April 202
Slide 20: Legal disclaimer
Legal disclaimer The content presented in this presentation is subject to copyright protection and has the ownership title. Texts, graphics, photographs, sound, animations and videos as well as their distribution in the presentation are protected under the Copyright and related rights Law. Unauthori
Slide 21: Thank you
Thank you http:// asee.io 21
Slide 22: <1asee
<1asee
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