Cy4gate Spa · MIL:CY4
Cy4gate Spa — FY2021 Earnings Presentation
27 slides from Cy4gate Spa's earnings presentation, Mar 18, 2022
Slide 1: FY 2021 Financial Results
March 18, 2022 FY 2021 Financial Results
Slide 2: Agenda
Agenda ❖ CY4GATE AT A GLANCE ❖ MARKETS & PRODUCTS ❖ FY 2021 RESULTS ❖ SUSTAINABILITY REPORT 2021 ❖ STRATEGY & OUTLOOK ❖ CY4GATE – AURORA M&A 2
Slide 3: Cy4Gate at a Glance
Cy4Gate at a Glance Cy4Gate a listed company at Euronext Growth Milan Strategic and operating in the 360° cyber market, was founded in 2014 M&A by Elettronica S.p.A (which has been a leader for more Committee than 60 years in the field of Electronic Countermeasures and which is nowadays the majority
Slide 4: Markets & Products
MARKETS & PRODUCTS
Slide 5: One-Stop-Shop Approach with a Wide Range of Proprietary Products (Cyber Intelligence)
One-Stop-Shop Approach with a Wide Range of Proprietary Products A unique, defensive and offensive platform of integrated HW and SW proprietary modules to gather, collect, analyze, protect or disrupt data and networks, and to extract and disseminate operational meaningful information CYBER INTELLIGE
Slide 6: One-Stop-Shop Approach with a Wide Range of Proprietary Products (Cyber Security)
One-Stop-Shop Approach with a Wide Range of Proprietary Products A unique, defensive and offensive platform of integrated HW and SW proprietary modules to gather, collect, analyze, protect or disrupt data and networks, and to extract and disseminate operational meaningful information AIRO SECURITY P
Slide 7: FY 2021 Results
FY 2021 RESULTS
Slide 8: FY 2021 Financial Highlights
FY 2021 Financial Highlights* Keep on proprietary SW products commercialization, enabling revenues growth and solid margin and cash generation REVENUES R&D INVESTMENTS YoY % 17.9 YoY % 2.9 +39% +17% 2.4 12.9 FY 2020 FY 2021 FY 2020 FY 2021 EBITDA NET PROFIT Margin (%) 53% 45% 8.0 6.9 5.3 5.2 FY 2020
Slide 9: Revenues Breakdown 2021
Revenues Breakdown 2021 By Type By Geographycal Area 95% 86% 72% 64% 36% 28% 14% 5% 31.12.2021 31.12.2020 31.12.2021 31.12.2020 Products Services Italy Export Increased foreign Focused on products sales after Covid 19 commercialization impacted export activities 9
Slide 10: Investments
Investments • Significant investment in staff: +24 resources YoY • +3 New experienced Managers: The Chief HR & Legal Officer (May 2021), the Chief Technical Officer and the Chief Financial Officer (September 2021). • Engineering and Commercial structure: +26 key resources in Engineering, +5 resource
Slide 11: Profit & Loss FY 2021
Profit & Loss FY 2021 € mln FY 2021 FY 2020 Executive Summary: Operating Revenues 17.0 12.6 Other Operating Revenues 0.9 0.4 • Revenues increased by 39% due to the significant Revenues 17.9 12.9 number of contracts signed, during the year with a Raw materials costs 1.1 0.6 significant peak in Q4 202
Slide 12: Asset & Liabilities FY 2021
Asset & Liabilities FY 2021 € mln 31/12/2021 31/12/2020 Executive Summary: Intangible assets 7.5 3.7 Tangibile assets 0.7 0.6 Right of Use 2.0 0.5 • Operating Working Capital reflects an Fixed Assets 10.3 4.8 increase in line with the company's business Inventory 0.1 0.3 volumes during the year and
Slide 13: Sustainability Report 2021
STRATEGY & OUTLOOK SUSTAINABILITY REPORT 2021
Slide 14: First Sustainability Report: areas and relevant issues
First Sustainability Report: areas and relevant issues RESPONSIBILITY TOWARDS THE GOVERNANCE HUMAN RIGHTS COMMUNITY ▪ Solid corporate ▪ Respect for human rights ▪ Protection and safety of governance ✓ in the production the community ▪ Sustainability-oriented and sale of products ▪ IT security and cr
Slide 15: Our commitment for a greater sustainability
Our committment for a greater sustainability GOVERNANCE SOLID CORPORATE GOVERNANCE • Consider the possibility of providing for the establishment of a committee responsible for decisions relating to economic, environmental and social issues. • Allow proxies to senior managers or other employees on su
Slide 16: Our commitment for a greater sustainability
Our committment for a greater sustainability MANAGEMENT PRACTISES AND RESPONSIBILITY TOWARDS CUSTOMERS RESPONSIBLE MANAGEMENT OF THE SUPLLY CHAIN • Adoption of supplier selection and evaluation criteria to strengthen the sustainability profile of the CY4GATE supply chain PREVENTION TO CORRUPTION • T
Slide 17: Strategy & Outlook
STRATEGY STRATEGY& OUTLOOK & OUTLOOK
Slide 18: Outlook
Outlook Significant commercial opportunities on the foreign market and on the Italian government Attractive and growing markets: Cyber Intelligence and Cyber Security • 360° cyberhouse: unique in the Italian competitive landscape • Robust technology engine: 5 proprietary solutions and CEWIS • Positi
Slide 19: Cy4Gate has strong growth ambitions for organic and inorganic growth
Cy4Gate has strong growth ambitions for the years to come for organic and inorganic growth Strategy pillars Salesforce development to improve Italian market penetration coupled with reinforced commercial efforts to strengthen agreements with key Commercial/ Sales partners Products Creation of integr
Slide 20: Cy4Gate – Aurora M&A
CY4GATE – AURORA M&A DEAL WITH AURORA
Slide 21: Aurora / RCS is the Italian leader in forensic intelligence & data analysis
Aurora / RCS is the Italian leader in forensic intelligence & data analysis and has relevant presence also in other European countries CAGR 18-20 Margin Key Highlights Main figures, € mln 35.1 36.2 40.5 Founded in 1990, Aurora Group ("RCS" going forward as key Revenue 7% brand) is a leading Italian
Slide 22: Aurora / RCS Highlights
Aurora / RCS Highlights RCS DISTINCTIVENESS 1. Leading player in the forensic Decision Intelligence and Mediation platform segments with strong growth and high EBITDA margin in the overall forensic intelligence & data analysis market 2. Able to create high barriers to entry thanks to strong relation
Slide 23: The deal is supported by strong industrial rationales
The deal is supported by strong industrial rationales Double down on forensic intelligence & data analysis, segment with highest profitability; Generate value for all stakeholders reinforcing R&D and salesforce firepower and becoming a reference point and best employer for talents in the data scienc
Slide 24: Structure of the transaction
Structure of the transaction The capital increase for an overall amount of €90 million was successfully concluded, at a price of €10.5 per share and for a total number of shares equal to 8,571,428 subscribed by Elettronica S.p.A., Tec Cyber S.p.A. and italian and foreign Institutional Investors thro
Slide 25: Thank You
© ELETTRONICA GROUP
Slide 26: Contacts
CONTACTS INVESTOR PRESENTATION CFO & IR MANAGER IR ADVISOR FOLLOW US: Marco Latini CDR Communication marco.latini@cy4gate.com Silvia Di Rosa silvia.dirosa@cdr-communication.it Luca Gentili luca.gentili@cdr-communication.it 26
Slide 27: Disclaimer
DISCLAIMER INVESTOR PRESENTATION THIS PRESENTATION AND ANY OTHER INFORMATION DISCUSSED AT THE PRESENTATION (THE “PRESENTATION”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION, WHICH HAS BEEN PREPARED BY CY4GATE S.p.A. (THE “COMPANY”), IS PRELIMIN