Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — H1 2023 Earnings Presentation
15 slides from Gigas Hosting Sa's earnings presentation, Oct 18, 2023
Slide 1: H1 2023 Results Presentation for Investors
Diego Cabezudo Javier Cañete CEO CFO H1 2023 Results Presentation for Investors OCT 2023
Slide 2: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information
Slide 3: H1 2023 Key Highlights
H1 2023 Key Highlights Net Revenues reached €33.3M in H1 2023, from €30.2M the previous year, 10.4% growth, although slightly below budget (-2,4%) Gross Margin of €20.2M in H1 2023, 11.0% € better than €18.2M of H1 2022, which represents 60.5% of revenues, better than 58.8% budgeted Adj. EBITDA for
Slide 4: Business Evolution
Business Evolution • After launching all basic products (Data services, fixed voice, mobile voice, Cloud PBX, etc) and some convergent products (Kit Digital, Fibra Flexible, Private Cloud Connect, g-backup), team is now focused on replicating the SAP success with other ERPs and reinforcing its chann
Slide 5: Revenues H1 2023
Revenues H1 2023 About Gigas • Net revenues grew to €33.3M in the first six months of the year, 10.4% higher than the €30.2M from same period last year, due mainly to the full consolidation of TPartner acquired in September 2022, although slightly below budget (2.4% lower) • Customer looses from MM
Slide 6: Gross Margin and EBITDA H1 2023
About Gross Margin and EBITDA H1 2023Gigas • Gross Margin of €20.2M in H1 2023, 11.0% better than the €18.2M of H1 2022 • Gross Margin reached 60.5% of revenues, slightly better than the 60.2% of same period of last year, and much better than the 58.8% budgeted, due to higher growth in cloud service
Slide 7: H1 2023 Results
H1 2023 RESULTS About Gigas GIGAS CONSOLIDATED RESULTS REAL REAL REAL REAL REAL Budget 2023 Figures in euros Q1 23 Q2 23 H1 23 % Var H1 22 % Var H1 23B Net Revenues 16.575.987 16.756.768 33.332.755 10,4% 30.183.889 -2,4% 34.156.604 Cloud, IT & Cybersecurity Services 6.425.401 5.978.408 12.403.809 29
Slide 8: 2023 H1 P&L
2023 H1 P&L CONSOLIDATED P&L 2023 Figures in euros JAN-JUN Net Revenues 33.332.755 Cloud, IT & Cybersecurity Services 12.403.809 • Loss of €1.9M in the semester Telecommunications Services 20.476.214 due mainly to amortization of Extraodinary Income, Subsidies and Others 452.732 Customer Relations (
Slide 9: 2023 H1 Balance Sheet
2023 H1 Balance Sheet Limited review Audited Figures in Euros 30.06.2023 31.12.2022 NON-CURRENT ASSETS 130.058.721 131.119.649 Intangible assets 93.222.799 95.398.512 • Other Intangible Assets Research and development 69.294 442.945 represent the rights of use from Patents, licences, trademarks and
Slide 10: 2023 H1 Balance Sheet
2023 H1 Balance Sheet Limited review Audited Figures in Euros 30.06.2023 31.12.2022 EQUITY 42.428.239 44.809.156 CAPITAL AND RESERVES 41.645.163 43.829.771 • Equity reduced by €2.4M due to Capital 232.887 232.887 Share premium 54.325.581 54.325.581 the losses of the period, linked Reserves (900.536)
Slide 11: CAPEX H1 2023
CAPEX H1 2023 • CAPEX (excl. M&A and R&D) grew to €3.4M this first half of the year, due to storage additional capacity, new cloud node in Portugal and customer projects implemented • Budget for the first half of the year was €4.3M (€4.9M in H1 2022), and therefore investment was €0.9M euros lower t
Slide 12: Debt and Cash Evolution – 30th of June
Debt and Cash Evolution – 30th of June • Gross Debt at 30/JUN reached €48.9M, reflecting the new debt agreements signed in the period and vendor loan for TPartner acquisition (€6.9M) • Cash at hand amounted €10.4M as of 30/JUN • Net Financial Debt at 30/JUN reached €38.6M which represents 2.23x time
Slide 13: 2023 Budget and End of Year Guidance
2023 Budget and End of Year Guidance • Net revenues estimated to reach between €66M to €67M this year, approx. 10% higher than the €61.5M last year but lower than budgeted (€72.6M) • Adj. EBITDA estimated to end between €16.3M and €16.8M (~24% - 25% margin), slightly below budget (€17.3M) but with h
Slide 14: Share Evolution
Share Evolution • Share price started at €10.20 in 2023 and it has been influenced by high market volatility and reduction on liquidity across markets, especially in the microcap / small cap markets • Share Price closed at €7.14 yesterday, below the price at start of the year, and at current prices,
Slide 15: Investor relations contact
Investor relations contact: investor@gigas.com accionista@gigas.com = gigas