Doxee S.p.a. · MIL:DOX
Doxee — TP ICAP Midcap Annual Mid Cap Conference 2021
23 slides from Doxee's conference presentation, May 11, 2021
Slide 1: Investor Presentation Annual Mid Cap Conference
Investor Presentation Annual Mid Cap Conference Sergio Muratori Casali CEO Guido Spagnoli CFO Modena 11/05/21
Slide 2: We enable companies to create innovative and digital customer-facing communications
We enable companies to create innovative and digital customer-facing communications 11/05/21 Annual MidCap Conference 2021
Slide 3: What we do
What we do Managing the digital transformation Doxee Platform® docum ent experience (dx): Digital productuon, distribution, and digital archiving of documents Data processing paperless experience (px): electronic invoicing, long-term digital Company Consumers preservation, and Data Companies electro
Slide 4: Management
Management Field expertise over years Paolo Cavicchioli - Founder, Chairman Sergio Muratori Casali - Founder, CEO • Founder of Ebilling S.p.A. - 2001 - rebranded as Doxee in 2012 • Founder of Ebilling S.p.A. - 2001 - rebranded as Doxee in 2012 • From 1996 to 2001 Chief Operating Officer at Venturini
Slide 5: Doxee at a Glance
Doxee at a Glance Transforming Data into Relationships > Founded in 2001, by Paolo Cavicchioli and Sergio Muratori Casali, Doxee is a technology vendor that - leveraging on its Doxee Platform® - helps companies in 200+ Clients w orldw ide across different sectors have validated Doxee's solutions the
Slide 6: Doxee Technological Innovation
Doxee Technological Innovation A key element to insure technological excellence R&D INVESTMENTS MARKET VALIDATION Percentage of value of production per year Several international IT analysts include Doxee in their reports, recommending the 13% Doxee invested in R&D for more than 10 years company as
Slide 7: Product Lines Full Year 2020
Product Lines Full Year 2020 Doxee’s Offering THREE MAIN CLOUD-BASED PRODUCT LINES DOCUMENT EXPERIENCE PAPERLESS EXPERIENCE INTERACTIVE EXPERIENCE +83,7% +14,6% +21,6% Digital production, distribution, and archiv ing Compliant electronic inv oicing and digital Personalized micro-sites and v ideos so
Slide 8: Doxee Client Base
Doxee Client Base Enterprise Customer REVENUES BY INDUSTRIES TELCO & MEDIA UTILITIES 1% 2% 3% 7% Telco & Media Utilities 8% Financial Services 40% IT Services BANKING AND INSURANCE PUBLIC ADMINISTRATIONS Other Industries Public Sector Automotive 39% 200+ Client w orldw ide 3 years The minimum contra
Slide 9: Doxee unique strenghts
Doxee unique strenghts Leading to strong financials INTEGRATED PRODUCT LINES EXPERTISE, RESEARCH CUSTOMER LOYALTY MARKETS OPORTUNITIES AND INNOVATION AND STRATEGIC PARTNERSHIP Cloud-nativ e Platform with three 20 + years of experience and know-how in 2.6% churn rate (on revenues) Reference markets a
Slide 10: Financial Data
Financial Data 11/05/21 Annual MidCap Conference 2021
Slide 11: Key Financials
Key Financials FY 2020 Revenues reached €17.8 mln in 2020 (+14% CAGR 2018/20), ma i nly thanks to: €22.8 mln 1) development of i x product €17.7 mln €2.9mln €3.4mln +9% YoY l i ne +14.3% YoY +29.9% YoY +19% YoY 2) a cquisiti on of new cus tomer thanks to the i ntroduction of e- i nvoi cing in SME/SM
Slide 12: Revenue Breakdown
Revenue Breakdown PRODUCT LINE GROWTH FY 2020 CAGR 34% CAGR 20% CAGR 13,7% CAGR 120% DOXEE REVENUES (€/mln) 17,7 3,1 15,5 13,7 2,0 2,4 2018 2019 2020 px +14,6% FY19-20 dx +83,7% dx FY19-20 ix +21,6% FY19-20 BY PRODUCT LINES BY GEOGRAPHICAL AREA BY BUSINESS MODEL 5% 6% 18% 20% 4% 2% Document Experien
Slide 13: EBITDA Bridge
EBITDA Bridge FY 2020 DOXEE EBITDA BRIDGE (€/mln) EBITDA Sales Other Direct Indirect Capex R&D EBITDA 2019 Rev enues Rev enues Costs Costs 2020 11/05/21 Annual MidCap Conference 2021
Slide 14: Financial Highlights
Financial Highlights 1. FY 2020 2020 Revenues amounted to €17.7mn: the most signific ant product lines in term of growth were Interactive Experience (€3.3mn in 2020) with a CAGR 2018-20 of 120% and Paperless Experience (€3.6mn in 2020) w ith a CAGR 2018-20 of 34%. Document Experience, after a decrea
Slide 15: Investments
Investments R&D MARKETING FY 2018-2020 4,00 0,60 RESEARCH 3,50 +23% +19% 0,50 Doxee makes significant investments every year for the internal development of 3,00 +27% +29% the most advanced technologies in the reference markets. In 2020, investments 2,50 0,40 in R&D amounted to € 3.8 million, equal
Slide 16: Growth Strategy
Growth Strategy 11/05/21 Annual MidCap Conference 2021
Slide 17: Trends Doxee is following
Trends Doxee is following Innovation & Digital Business Acceleration NEW COMMUNICATION MODELS TECHNOLOGY INVESTMENTS AND AI > New frontiers are opening up in many industries and fields: > Cloud offering, architectural models w ith microservices and telemedicine, hybrid w orkplace, new culture for we
Slide 18: Double-digit growth for Doxee's key markets
Double-digit growth for Doxee’s key markets Doxee reference markets CCM REG-TECH DCX (Customer Communication Management) (E-Invoicing, Digital Preservation, E-Procurement) (Digital Customer Experience) $/bn $/bn $/bn 20,5 14,9 8,5 3,2 1,5 4,2 2020 2021 2022 2023 2024 2025 2026 2027 2019 2020 2021 20
Slide 19: Growth Strategy: Doxee's goals for the future
Growth Strategy Doxee’s goals for the future CONSOLIDATION OF POSITION ENTRY INTO NEW SECTORS INTERNATIONALIZATION IN EXISTING MARKETS AND MARKETS Technological development of a Market entry in Europe (DACH) in Consolidate position as a standard paperless product aimed at the Digital Experience Sect
Slide 20: Sustainability
Sustainability 11/05/21 Annual MidCap Conference 2021
Slide 21: Doxee Sustainability Report 2020
Doxee Sustainability Report 2020 KPIs MANAGEMENT & CERTIFICATION SYSTEMS ECONOMIC VALUE • Organizational Model 231 • Distributed Economic Value • Quality Management System – ISO 9001 17.8 € mln • Environmental Management System- ISO 14001 (+8% yoy) • Information Security Management System- ISO/IEC 2
Slide 22: Appendix
Appendix 11/05/21 Annual MidCap Conference 2021
Slide 23: Sergio Muratori Casali, CEO; Guido Spagnoli, CFO
Sergio Muratori Casali, CEO Guido Spagnoli, CFO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com
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