Slide 1: Q1 2022
Q1 2022 CEO Jacob Tveraabak CFO Hilde Horn Gilen April 28, 2022
Slide 2: Agenda
Agenda • Introduction to StrongPoint • Highlights Q1 2022 • Other key financial figures
Slide 3: E-commerce growth providing a "double opportunity" for StrongPoint
E-commerce growth providing a “double opportunity” for StrongPoint E-COMMERCE Retailers’ needs Opportunity for StrongPoint 1. In-store: Pressure on Technology solutions in-store to brick & mortar retailers’ improve retailers’ productivity, margin provide safe shopping and hence uphold margins 2. E-c
Slide 4: Purpose: Retail technology in every shopping experience
Purpose “Retail technology in every shopping experience for a smarter and better life” 4
Slide 5: Focus on grocery retail
Focus on grocery retail Retail Solutions that increase efficiency and improve the shopping experience in-store and online We have a focus on the resilient grocery retail sector with spillover effects to other retail verticals 5
Slide 6: Reiterating StrongPoint's 2025 financial ambitions
Reiterating StrongPoint’s 2025 financial ambitions NOK 2.5 in 2025 bn EBITDA 13-15% 6
Slide 7: Highlights Q1 2022
Highlights Q1 2022 5) StrongPoint
Slide 8: Highlights Q1 2022
Highlights Q1 2022 1 Record revenue despite impact from global component shortages 2 Continued customer success in priority areas 3 Further progress on 2025 strategic ambitions
Slide 9: 1st quarter revenue
1 1st quarter revenue Revenue +21% MNOK 301 289 284 249 252 220 215 223 215 210 214 196 181 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Slide 10: 1st quarter EBITDA
1 1st quarter EBITDA EBITDA MNOK 21 -2 20 20 17 17 17 16 14 14 12 12 10 8 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Slide 11: Revenue share per solutions' segments
Revenue share per solutions’ segments 1 Relative share of revenue per segment Percent Segments In-store productivity 35 Payment Solutions 40 38 37 39 39 43 E-commerce Logistics 20 Check Out Efficiency 23 23 22 25 25 27 13 Other retail technology 11 11 13 8 10 6 15 21 12 12 15 16 11 11 13 11 11 15 14
Slide 12: Continued customer success in priority areas
2 2 Continued customer success in priority areas • Salling Group, the largest grocery retailer in Denmark, ordered additional grocery lockers • Agreement with Palink (part of REWE Group) for Self-Checkout solutions in the Baltics • Framework agreement with SPAR International as a Preferred Supplier
Slide 13: Further progress on 2025 strategic ambitions
2 3 Further progress on 2025 strategic ambitions • The Spanish operation achieved a close to break even EBITDA in Q1 2022 • Two new members was appointed to Executive Management Team: Chris Mackie as SVP E-commerce and Magnus Rosén as SVP & MD Sweden • StrongPoint signed an exclusive, non-binding te
Slide 14: Other key financial figures
Other key financial figures 5) StrongPoint
Slide 15: Growth in revenue, EBITDA affected by investments and component shortages
Growth in revenue, EBITDA affected by investments for the future and global component shortages MNOK Revenue EBITDA 981 1 033 942 69 63 824 755 54 52 42 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Q1 R12 Q1 R12
Slide 16: Operational and strategic investments affect EBITDA for Q1 2022
Operational and strategic investments affect the EBITDA for Q1 2022 compared to same quarter last year EBITDA MNOK 2 3 12 3 14 6 12 Q1 2021 Gross Profit DD ALS E-com R&D E-com Other Q1 2022 Sales/ payroll marketing and OPEX increase
Slide 17: Earnings per share from continued operations
Earnings per share from continued operations EPS EPS adjusted* EPS per quarter EPS rolling 12 month NOK per share NOK per share 0.95 0.93 0.76 0.75 0.66 0.67 0.56 0.49 0.51 0.39 0.23 0.26 0.19 0.22 0.15 0.11 0.11 0.04 0.07 -0.01 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 * EPS adjus
Slide 18: Strong cash position end of 1st quarter
Strong cash position end of 1st quarter MNOK 1 9 195 2 20 6 4 174 12 Cash EBITDA Change Capex Change Earn Out Own Change in Cash 31.12.21 WC long term received shares overdraft 31.03.22 debt
Slide 19: Continued high net positive cash position
Continued high net positive cash position 23 49 20 42 29 30 39 35 -19 NIBD ex IFRS Net Interest Bearing Debt IFRS Liabilities MNOK -166 -155 -177 -116 -136 -141 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Historic figures for the quarters Q1 2021 to Q2 2021 include discontinued operations
Slide 20: Dividend for 2022 follows the long-term ambitions from the Board
Dividend for 2022 follows the long-term ambitions from the Board. To be decided at the Annual General Meeting Dividend Long term ambition from the NOK per share Board of Directors: 1.50 Continue to pay and increase the dividend Extraordinary dividend paid in 2016 1.00 0.80* 0.70 0.60 0.55 0.50 0.45
Slide 21: Financial calendar 2022
Financial calendar 2022 • 13 July: Q2 2022 • 26 October: Q3 2022 IR-contact: CFO Hilde Horn Gilen hilde.gilen@strongpoint.com +47 920 60 158
Slide 22: Thank you!
Thank you! 5) StrongPoint