Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — Non-Deal Roadshow (February 2025)
28 slides from Txt E-solutions's roadshow presentation, Feb 27, 2025
Slide 1: TXT Group: Corporate overview
1 TXT Group: Corporate overview London Roadshow February 27°, 2025 Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Your Global Digital Enabler
2 TXT has always been a pioneer in Digital Innovation. Founded in 1989, since 2000 it has been listed in Milan Stock Exchange, Star Segment. In 2018 a new course has been started, with a plan of accelerated and sustainable growth. TXT is an Ecosystem of vertical excellences and digital competences.
Slide 3: TXT Group at a Glance
TXT Group at a Glance 3 USA CANADA UK NL CH DE Seattle Montreal Bristol Delft Chiasso Köln Stans Berlin €355m Pro-forma Revenues FY 2024 (Preliminary) Lucerna Munich Solid Financial structure SINGAPORE Guaranteed by operating excellence & innovation July 2000 Listed on the Italian 20+ Stock Exchange
Slide 4: Digital Innovation
Digital Innovation 4 Smart Solutions Innovative Platforms to accelerate customers’ business Cybersecurity & % EBITDA Target ~ 20% Information Risk Management 21% of Business* IoT Digital Advisory Digital Reshaping and automatization Cloud Technology of processes % EBITDA Target ~ 15% 16% of Business
Slide 5: Ecosystem of Excellences
5 Ecosystem of Excellences TXT Group has a solid network of multidisciplinary competences and vertical excellences, developed in industries in which we are the leader. We arrange them in a dynamic and productive way, according to the evolution of the markets. From consulting, to design and implement
Slide 6: Reliability + Agility
Market position 6 TXT today is an emerging player in the digital innovation market, competing against tech giants, in Italy and Internationally, by aggregating highly specialized digital boutiques and established businesses. TXT Group TXT Company Reliability + Agility Size Specialization Specializat
Slide 7: Historical Trading Results (2018-2024)
Historical Trading Results (2018-2024) After the divestment of the retail division in 2017, revenues and EBITDA Margin have benefit from TXT Group's growth strategy driven by diversification and investments in innovation and synergies New TXT after divestment of Retail division in 2017: 15.1% 14.8%
Slide 8: A sustainable growth boosted by M&A
A sustainable growth boosted by M&A 8 Mix of complementary competences, new business in domestic market, and international expansion of core expertise New MarTech A new plan of Increase international offering Accelerated Growth New Software business with stronger Extend presence presence in DACH Eng
Slide 9: Focus on Profitable Growth
Focus on Profitable Growth 9 Growth pillars: External Internal • M&A: after 20+ acquisitions completed in the last 7 years, • Commercial & Technological synergies: leveraging strong track continuous focus on sustainable investments (5-8xEBITDA) with the record of double-digit organic growth recorded
Slide 10: FY 2024 Highlights (preliminary results)
10 _FY 2024 Highlights (preliminary results)
Slide 11: €304 Mn Revenues, €39 Mn EBITDA
11 FY-2024 preliminary results showed double-digit organic growth of revenues and solid profitability after increasing investment to sustain accelerated growth and M&A Revenues Solid Organic EBITDA €304 Mn Growth in FY-24 (consolidated) +35% +22.3% €39 Mn vs. FY-2023 +€50 Mn Equal to 13.0% of revenu
Slide 12: Pro-forma FY-2024 results
Pro-forma FY-2024 results 12 Pro-Forma Pro-forma Revenues EBITDA €355 Mn €50 Mn Equal to 14.1% of revenues
Slide 13: KPIs: FY-2024 by Offering
13 KPIs reported in FY-2024 (preliminary) show continuity in the growth plan of TXT based on the mix of _KPIs: FY-2024 by Offering strong organic growth of all segments, M&A contribution and synergies: EBITDA margin at 13.0%. Revenues by Offering (€mn, % on total revenues) 304 +35%* 224 191 63% 147
Slide 14: Offering & Markets
14 OFFERING & MARKETS
Slide 15: Go-to-Market
15 Ecosystem of multidisciplinary competences and vertical excellences, customers can rely on experts. Go-to-Market Licenses, Subscription and SaaS Smart Solutions market-ready for We accelerate the customer’s digital transition specific verticals in customers’ core processes. by providing advanced
Slide 16: Core Markets & Incidence
Core Markets & Incidence 16 16 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 2000 experts, competence centers in AI, cybersecurity, XR, IoT. 25% Aerospace & Defense 7
Slide 17: Our Smart Solutions
Our Smart Solutions: 17 Vertical Applications empowered by cutting-edge technology Our Smart Solution offering is rooted on deep expertise in vertical domains where TXT Group’s excellences are recognised as leaders and innovators. Our proprietary tools are supporting core processes and products of l
Slide 18: Our Smart Solutions portfolio (1/2)
Our Smart Solutions portfolio (1/2) 18 Our range of commercial off-the-shelf software solutions is the result of more than two decades of working with and carefully listening to a highly diverse customer base from the Aerospace & Defense, Automotive, Industry & Beyond. It is based on a strong commit
Slide 19: Our Smart Solutions portfolio (2/2)
Our Smart Solutions portfolio (2/2) 19 Our FinTech smart solutions range from best-in-class financial software for the management of financing to innovative platforms for different mission-critical needs as Risk management and Digital payments, offered as SaaS and designed to be responsive with uniq
Slide 20: Financials
20 FINANCIALS
Slide 21: 9m-2024 details
21 € thousand 30.09.2024 % 30.09.2023 % Var % REVENUES 219,564 100 159,356 100 37.8 Direct costs 148,048 67.4 102,670 64.4 44.2 GROSS MARGIN 71,516 32.6 56,686 35.6 26.2 9m-2024 details Research and Development costs 10,464 4.8 6,724 4.2 55.6 Commercial costs 18,683 8.5 15,466 9.7 20.8 General and A
Slide 22: Q3-2024 details
Profit & loss: Q3-2024 details 22
Slide 23: Net Financial Debt: solid financial position
23 .000 Euro 30.09.2023 31.12.2023 Var olid financial position Cash (25.072) (37.927) 12.855 Trading securities at fair value (25.871) (24.058) (1.813) NET Financial Debt: Other Short Term Financial Assets - (810) 810 Short term Financial Debts 58.046 57.654 392 Short term Debt 7.103 (5.141 ) 12.244
Slide 24: Balance sheet: details
Intangible assets 85,900 30,205 Tangible assets 20,430 2,026 Other fixed assets 24,462 (947 ) Inventories 25,718 18,733 6,985 Trade receivables 85,424 74,346 11,078 Other short term assets 16,778 14,876 1,902 Trade payables (27,514 ) ) Tax payables (9,368 ) (11,208 ) Other payables and short term li
Slide 25: Shareholding Structure & Market Data
25 Shareholding Structure & Market Data
Slide 26: Shareholding structure
26 Shareholding Structure September 30th, 2024* Dividends and Treasury Shares Repurchase (€m) hareholding structure * Latest Public Data Available as of 30 Sep. 2024 Treasury 18 16.3 15.4 Shares; 7% 16 L.V.O. Global Asset Laserline 14 4.6 Management S.A. SpA; 30% 12 3% 10 13.3 7.5 8 6.8 5.3 5.5 6 11
Slide 27: Q&A
27 Q&A
Slide 28: Ls TXT
Ls TXT