Vitec Software Group Ab Class B · OMXSTO:VIT_B
Vitec Software Group Ab Class B — Q4 2024 Earnings Presentation
25 slides from Vitec Software Group Ab Class B's earnings presentation, Feb 5, 2025
Slide 1: Welcome to the Vitec company presentation
Welcome to the Vitec company presentation Interim report January-December 2024 Olle Backman, CEO Vitec Software Group Patrik Fransson, Investor Relations olle.backman@vitecsoftware.com patrik.fransson@vitecsoftware.com Financial calendar Interim report Jan–Mar 2025 Apr 23, 2025, 8:00 a.m. Interim re
Slide 2: Vitec Software Group
Vitec Software Group A leader in Vertical Software Sales by market 26,000 45 12 customers business units countries 3,626 87% 1,660 MSEK proforma employees proforma recurring net sales revenues
Slide 3: Strategy chain
Strategy chain Brand Business Values Objective Vision promise concept • Our products – To rely on To contribute to the To be a profitable Shaping a wiser our foundation - today and success of our custo- and sustainable and more • Keep it simple tomorrow mers by developing growth company sustainable
Slide 4: Responsible growth: Business model
Responsible growth Business model • Market leader • High percentage of recurring revenues Business units Acquire • Vertical • Established and profitable • Proprietary software • Recurring revenues Develop • Decentralized organization • Product investments • Organic growth
Slide 5: LDC Bidtheatre Taxiteknik Trinergy Olyslager Roidu Figlo
Figures as per acquisition date 2024 LDC Bidtheatre Taxiteknik Trinergy Olyslager Roidu Figlo Software for labor A Demand Side A complete business A business-critical The software is an A patient, customer Software for mobility in the Platform (DSP) for system, including software that integral part
Slide 6: Annual sales per vertical
Annual sales per vertical Education Travel and Transport hospitality Auto repair Fast moving shops Organizations, consumer associations and goods golf courses Finance & Insurance Hair and beauty salons Pharmacies Property Waste management management Energy Labor mobility Trade and manufacturing indu
Slide 7: Our business units
Our business units Business unit Reg. Acq. Annual Sales 2024, SEKm Recurring Business unit Reg. Acq. Annual Sales 2024, SEKm Recurring office year (recurring share = red) 2024 office Year (recurring share = red) 2024 0 50 100 150 200 250 0 50 100 150 200 250 ABS NL 2022 54% Vitec Futursoft FI 2016 9
Slide 8: Organization
@VITCC Organization Group management ‘Olle Backman: * CEO CEO eT | * Finance ; Mea pe aeeas er oat st fatto akan ea as 9s @ tesa: eS Avice oadathiaa cates + Brand & ‘Communication * coo * VPO 1 1 veo Gert Gustatsson Kim Mati Jensen Pani aga Parison Rane Svein Roger ite 9 & Q foxc @ fa YE Q coax QZ i
Slide 9: Sharing knowledge
Sharing knowledge • Common culture • Sharing concept, forums for best practice sharing • Vertical clusters, opportunities across business units
Slide 10: Interim period January-December 2024
Interim period January-December 2024
Slide 11: Summary of interim period, October–December 2024
Summary of interim period, October–December 2024 • Net sales SEK 927 million (740), an increase of 25% • Recurring revenues SEK 769 million (611), an increase of 26% • EBITA SEK 269 million (224), an increase of 20% • EBITA margin 29% (30) • Operating profit SEK 178 million (146), an increase of 22%
Slide 12: Summary of interim period, January–December 2024
Summary of interim period, January–December 2024 • Net sales SEK 3,334 million (2,778), an increase of 20% • Recurring revenues SEK 2,878 million (2,346), an increase of 23% • EBITA SEK 1,002 million (876), an increase of 14% • EBITA margin 30% (32) • Operating profit SEK 697 million (590), an incre
Slide 13: Net sales
Net sales MSEK proforma net sales Net sales by year Net sales by quarter 3,626 CAGR 21.1% SEK 3,334 million (2,778), an increase of 20% SEK 927 million (740), an increase of 25%
Slide 14: EBITA
EBITA EBITA Margin YTD EBITA and EBITA margin by year EBITA and EBITA margin by quarter 30% CAGR 27.0% SEK 1,002 million (876), an increase of 14% SEK 269 million (224), an increase of 20%
Slide 15: Allocation of recurring revenues
Allocation of recurring revenues Transaction-based revenues Subscription-based revenues
Slide 16: Growth
Growth Acquired annual revenue Organic growth, proforma
Slide 17: Organic growth net sales
@VITCC Organic growth net sales MSEK 3500 3000 2500 2000 1500 1000 500 [ ) Net sales, MSEK L 17% Ti r } Organic, % Currency, % BLL E SL 846 | Acquired, % LZ ° 2019 2020 2021 2022 2023 2024
Slide 18: Diversification of sales
Diversification of sales Number of customers 26,000 Sales by market Breakdown of revenue Customers January-December 2024
Slide 19: Invest in Vitec
Invest in Vitec Vertical Market Software We tech society January-December 2024 Leader Full year 2024 • Net sales SEK 3,334 million (+20%) 40-year track record of sustainable • 20% overall growth, • Recurring revenue SEK 2,878 million (+23%) profit growth driven by recurring with 9% from organic expa
Slide 20: Q & A session
Q & A session Vitec Software Group develops and provides software for financial planning and mortgage calculations on the Dutch market.
Slide 21: Vitec vertical software
MBVITCC vertical software
Slide 22: Appendix
Appendix
Slide 23: Consolidated statement of profit/loss and comprehensive income
Consolidated statement Consolidated statement of profit/loss of comprehensive income
Slide 24: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position
Slide 25: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow * *Updated April 1, 2025, see Press release