Webstep As · OSL:WSTEP
Webstep As — Q1 2020 Earnings Presentation
20 slides from Webstep As's earnings presentation, May 27, 2020
Slide 1: First Quarter Results 2020
First Quarter Results 2020 Webstep ASA Oslo | 27 May 2020 Arne Norheim (CEO) Liv Annike Kverneland (CFO)
Slide 2: Agenda
1. Q1 Highlights 2. Business Review 3. Financial Review 4. Outlook
Slide 3: Q1 Highlights
Q1 HIGHLIGHTS Revenues EBIT o Revenues of NOK 183.0 million (NOK 184.4 (NOK million) (NOK million) million). The COVID-19 outbreak had an 184.4 176.8 183.0 162.0 20.2 estimated negative effect on revenues of at least 137.2 19.6 NOK 3 million 13.1 o EBIT of NOK 13.1 million (NOK 20.2 million) 7.8 o P
Slide 4: Business Review
1. Q1 Highlights 2. Business Review 3. Financial Review 4. Outlook
Slide 5: Investing for growth
Business Review Investing for growth Expert Services Solutions o Expert services growing in all regional offices o Investments in Solutions as new growth engine for Webstep o Stabilized capital regions (Oslo and Stockholm) – NOK 3.6 million in Q1 costs o Recruiting capacity in place across all regio
Slide 6: Strategic partnership with GK
Business Review Strategic partnership with GK o GK is Scandinavia’s leading end-to-end technical facility manager and contractor | o Webstep will collaborate with GK to develop a building management solution that can visualize data from related systems o The solutions will allow for various data flo
Slide 7: A diversified customer base
Business Review A diversified customer base Public and Private Sectors Q1 2020 Business Sectors Q1 2020 10.1% IT and telecom 3.2% 25.4% Bank & finance 4.2% 26.4% Oil & gas 6.3% Public administration Public Transportation Private 6.5% Healthcare Retail Energy 73.6% 7.3% 16.0% Manufacturing Other 10.0
Slide 8: Customer cases showing innovative utilisation of technology
Business Review Customer cases showing innovative utilisation of technology Norwegian Air Shuttle works to make air transportation more affordable o Trusted advisor to Norwegian o Working to support the IT transformation processes and develop the cloud infrastructure platform o Webstep consultants r
Slide 9: Customer cases showing innovative utilisation of technology
Business Review Customer cases showing innovative utilisation of technology Norgeshus delivers pre-manufactured houses and buildings o Webstep has delivered an award-winning cloud-based sales and project management tool for their 120+ partners o To allow for more efficient transactions Webstep has c
Slide 10: Organization and operations
Business Review Organization and operations o 417 employees at the end of Q1 2020 – Up 8 from year-end 2019 – Up 16 last 12 months 54 Trondheim o Average number of employees in the quarter up 3% from Q1 2019 (+8) Sundsvall 11 o Capital regions employee churn stabilized (+1)* 71 Bergen o COVID-19 sta
Slide 11: Financial Review
1. Q1 Highlights 2. Business Review 3. Financial Review 4. Outlook
Slide 12: Key Figures
Financial Review Key Figures Q1 Q1 Y/Y % FY NOK million 2020 2019 growth 2019 Q1 Highlights Sales revenues 183.0 184.4 (0.8%) 660.5 o Revenue of NOK 183.0 million, 0.8 per cent decrease EBITDA 16.5 22.3 (26.1%) 60.4 year-on-year EBITDA margin 9.0% 12.1% 9.1% − Revenues from own consultants increased
Slide 13: Norway
Financial Review Norway Q1 Q1 Y/Y % FY NOK million 2020 2019 growth 2019 Q1 Highlights Sales revenues 155.4 161.6 (3.8%) 570.3 o Norway accounts for 84.9 per cent of consolidated EBIT 10.6 19.6 (45.9%) 46.7 revenues EBIT margin 6.8% 12.1% 8.2% o Revenue of NOK 155.4 million, 3.8 per cent decrease ye
Slide 14: Sweden
Financial Review Sweden Q1 Q1 Y/Y % FY NOK million 2020 2019 growth 2019 Q1 Highlights Sales revenues 27.6 22.8 21.3% 90.2 o Sweden accounts for 15.1 per cent of consolidated EBIT 2.5 0.6 310.0% 2.4 revenues EBIT margin 8.9% 2.7% 2.7% o Revenue of NOK 27.6 million, 21.3 per cent growth year-on-year
Slide 15: Cash Flow and Net Debt position
Financial Review Cash Flow and Net Debt position Cash flow bridge 2019 Highlights NOK million o Operating cash flows mainly affected by change in trade receivables and reduced profit 1.7 o Capex relates to office equipment and upgrading 17.2 1.9 of office space 39.1 o Total lease liabilities of NOK
Slide 16: Outlook
1. Q1 Highlights 2. Business Review 3. Financial Review 4. Outlook
Slide 17: Outlook
Financial Review Outlook o Difficult to predict the impact of COVID-19 going forward • The crisis creates both opportunities and threats • Digitization has become even more relevant as a consequence of the social distancing • Available production hours affected by closed schools and kindergartens in
Slide 18: Appendix
APPENDIX
Slide 19: Top 20 shareholders at 18 May 2020
Appendix Top 20 shareholders at 18 May 2020 Shareholder name Shares % Type Country EMBRO EIENDOM AS 7,608,735 28.2% Ordinary Norway Virtus KAR International Small-Cap 3,119,279 11.6% Ordinary United States VERDIPAPIRFONDET ALFRED BERG GAMBA 1,556,645 5.8% Ordinary Sweden JAKOB HATTELAND HOLDING AS 1
Slide 20: Disclaimer
Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections abo