Asseco Business Solutions Sa · GPW:ABS
Asseco Business Solutions Sa — Q3 2023 Earnings Presentation
15 slides from Asseco Business Solutions Sa's earnings presentation, 2023
Slide 1: Asseco Business Solutions
Asseco Business Solutions We design IT systems for business www.assecobs.pl
Slide 2: Financial results Asseco Business Solutions for Q3 2023
Financial results Asseco Business Solutions for Q3 2023
Slide 3: Revenues of Asseco Business Solutions after Q3 2022 v. Q3 2023
Revenues of Asseco Business Solutions after Q3 2022 v. Q3 2023 274,233 237,891 237,896 + 15.3% 205,818 + 15.6% 32,078 36,342 + 13.3% Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Revenues total Poland Abroad *in PLN thousand
Slide 4: Other results of Asseco Business Solutions after Q3 2022 v. Q3 2023
Other results of Asseco Business Solutions after Q3 2022 v. Q3 2023 EBIT 76,609 66,991 + 14.4% EBITDA 103,160 89,440 + 15.3% Q3 2022 Q3 2023 Net profit 65,548 Q3 2022 Q3 2023 56,114 + 16.8% Q3 2022 Q3 2023 *data in PLN thousand
Slide 5: Results after Q3 2022 v. Q3 2023 – by operating segments
Results of Asseco Business Solutions after Q3 2022 v. Q3 2023 – by operating segments Receipts from sales 258,860 EBITDA 224,817 + 15.1% 101,634 + 14.8% 88,530 13,079 15,373 910 1,526 + + 17.5% 67.7% Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 ERP Other ERP Other *in PLN thousand
Slide 6: Revenues of Asseco BS after Q3 2023 – by sectors
Revenues of Asseco BS after 2023 – by sectors Banking and finance 6,532 Public sector 18,593 Enterprises 91% 249,108 *in PLN thousand
Slide 7: Results of Asseco BS Q3 2022 v. Q3 2023
Results of Asseco BS Q3 2022 v. Q3 2023 Receipts from sales EBITDA 97,606 82,766 + 17.9% 33,038 39,333 + 19.1% 3Q 2022 3Q 2023 3Q 2022 3Q 2023 EBIT Net profit 25,451 30,342 + 19.2% 21,328 25,759 + 20.8% Q3 2022 Q3 2023 Q3 2022 Q3 2023 * data in PLN thousand
Slide 8: Backlog of Asseco BS at end of Q3 2023
Backlog of Asseco BS at end of Q3 2023 Asseco BS backlog for 2023: 96.2% (PLN 325.5 M) of sales in 2022. In the previous year, the backlog was 95.6% (PLN 293.9 M) of sales for 2021. 338.5 + 10.1% 325.5 307.4 + 10.8% 293.9 Sales 2021 Backlog 2022 Sales 2022 Backlog 2023 * in PLN million
Slide 9: Profitability historically (since 2020)
Profitability historically (since 2020) margi margi margi margi 1Q-3Q ns ns ns ns 2020 2021 2022 2023 EBIT 29.7% 29.1% 28.2% 27.9% EBITDA 39.5% 38.5% 37.6% 37.6% net profit 24.1% 23.8% 23.6% 23.9% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 202
Slide 10: Costs and expenses historically (since 2020)
Costs and expenses historically (since 2020) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 Receipts from sales 66.89 64.37 63.92 86.93 72.54 70.27 74.73 89.90 77.03 78.10 82.77 100.62 89.15 87.48 97.61 Own cost of sales (w/o C
Slide 11: Cash flow for Q3 2023
Cash flow for Q3 2023 Operating activities 23.9 Amortisation/ depreciation Balance 26.6 of long- Dividend Change in Investing term paid Received Financial Income Change in working capital activities deposits loans lease cash cash -7.5 -27.7 -0.0 -7.8 -13.2 -29.3 -76.9 0.0 * data in PLN million
Slide 12: Liquidity at end of Q3 2023
Liquidity at end of Q3 2023 18,938 Cash and short-term deposits, short-term deposits above 3 mths 0 Balance of loan-related debt 70,000 Maximum debt limit in credit line 1.18 Current ratio (current assets/current liabilities) * data on cash in PLN thousand
Slide 13: Dividend – overview
Dividend – overview Year Net profit Dividend 2007 13,949 0 2008 24,122 - 14,036 2009 22,427 - 25,064 2010 30,092 - 30,076 2011 29,834 - 32,081 2012 26,532 - 26,400 2013 26,828 - 26,734 2014 28,571 - 28,406 2015 33,509 - 33,418 2016 42,446 - 42,441 2017 47,283 - 43,444 2018 62,569 - 50,127 2019 73,43
Slide 14: Quotations for the three quarters of 2023
Quotations for the three quarters of 2023 Indicators as at 30 September 2023 Capitalisation: PLN 1,370.1 M - 2.8% Price/Profit: 14.47 Price/balance sheet value: 3.91 * source: Money.pl * source: https://inwestinfo.pl
Slide 15: Thank you for your attention
Thank you for your attention assecobs.pl
Asseco Business Solutions — Q3 2023 Earnings Presentation on 6ix