Tecnotree Oyj · OMXHEX:TEM1V
Tecnotree Oyj — H1 2025 Earnings Presentation
21 slides from Tecnotree Oyj's earnings presentation, Aug 6, 2025
Slide 1: H1 2025 Results
H1 2025 Results 6th August 2025
Slide 2: Presenters and Agenda
Presenters and Agenda 1 CEO Review Padma Ravichander 2 H1 Financial Review and Highlights CEO 3 Q&A Indiresh Vivekananda CFO Q4 2025 Tecnotree Investor Presentation H1 2024 All Figures in Million Euros (ME)
Slide 3: Tecnotree’s Expanding Global Footprint
Tecnotree’s Expanding Global Footprint A Finnish listed company with 12 locations worldwide. Registered in 1978 and bringing 45+ years of deep domain experience to the new digital age of telecommunications. Follow-the-sun delivery approach with 24x7 Delivery & Customer support Team spread in 32 Loca
Slide 4: Tecnotree’s Portfolio Evolution
Tecnotree’s Portfolio Evolution 2005-2010 2018-Ongoing 2023-Ongoing Monolithic Solution Standards Based Digital AI Native @Bility Platform Leading MVNO New customers in UK, Europe player in Europe and South Africa Product Portfolio Agility Transactions, SAAS, Ecosystem 2010-Ongoing 2021-Ongoing Q4 2
Slide 5: Results H1 2025 – Key Metrics (1/2)
Results H1 2025 – Key Metrics (1/2) H1 YoY% + € 6 Mn 2025: € 2.1 Mn Free Cash Flow 2024: € -3.9 Mn +2.7% Revenue in Constant 2025: € 35.9 Mn Currency 2024: € 34.9 Mn 2025: € 34.2 Mn Revenue 2024: € 34.9 Mn -2.1% +32.5% EBIT in Constant 2025 : € 10.6 Mn Currency 2024 : € 8.0 Mn 2025 : € 9.6 Mn EBIT 2
Slide 6: Results H1 2025 – Key Metrics (2/2)
Results H1 2025 – Key Metrics (2/2) H1 YoY% 2025 : 14% Capex/Sales 2024 : 21% -7% -5% ARR 2025: € 14.2 Mn 2024: € 15 Mn 2025 : 174 DSO Days 2024 : 170 2% 2025 : € 105.7 Mn Order Backlog 2024 : € 72.6 Mn 46% Board Presentation Tecnotree Investor Presentation Q1Q4 2025 H1 2024 2025 All Figures in Mill
Slide 7: H1 2025 Go Lives and Recognitions
H1 2025 Go Lives and Recognitions Achievements Key Deals 1. 2. 3. 4. BSS Deal with Tier 1 Customer in UK European customer in customer in • € 2.1Mn FCF IN H1 and European Netherlands South Africa countries • 695 Features delivered 10 Go-Lives • BSS Stack entry in Europe • Ivory coast • MVNX Stack an
Slide 8: H1 25 – Revenue Update & Guidance
H1 25 – Revenue Update & Guidance Raised 2025 Guidance: Low to High single digit % growth in constant currency H1 2025 vs 2024 Revenue by Region 2025 H1 28.5 25.2 • € 34.2 Mn in real terms and € 35.9 Mn in constant currency (+2.7% YoY) • FX headwind due to weakening Dollar against Euro 9.0 6.4 • H1
Slide 9: H1 2025 EBIT Update and Guidance
H1 2025 EBIT Update and Guidance • 2025 Guidance: EBIT Margin Improvement of 200 basis points on track • Capex to Sales at 10-12% by 2025 EBIT Margin Evolution H1 EBIT Update H1 2025 FY 2025e Guidance • EBIT growth on track to achieve guidance • Operating result of € 9.6 Mn (€ 8.0 Mn) +20.6% YoY +52
Slide 10: H1 2025 Free Cash Flow (FCF) Update
H1 2025 Free Cash Flow (FCF) Update 2025 FY Guidance: Greater than € 4 Mn in FCF FCF 2025 2025 FCF Status • Five consecutive quarters of positive FCF H1 2024 H1 2025 2025 FCF Target • H1 25 FCF € 2.1 Mn despite € 4 Mn FX losses -3.9 2.1 >4 > € 4 Mn 2025 FCF Drivers FCF Trend € 2.1 Mn • Revenue growt
Slide 11: Tecnotree strategically poised to grow
Tecnotree strategically poised to grow Growth and focus aligned to changing market dynamics BSS Cloud BSS MVNX 2.2% 2.7% 12-14% 44% 8.3% 29% Market Growth in CC: Tecnotree Revenue Market Growth: Share in Tecnotree Market Growth: Share in Tecnotree CAGR (2024-2030)* Growth in CC CAGR (2025- 2030)* H1
Slide 12: Guidance 2025
Guidance 2025 Guidance for 2025 is a continuation of our strategy to drive higher returns and more FCF (free cashflow) for our shareholders Revenues EBIT Margin Free Cashflow 2025 Constant Currency 2025 Revised: Low to high single digit % growth Margin growth of + 200 basis points (2%) Greater than
Slide 13: CFO Update
CFO Update Indiresh Vivekananda
Slide 14: H1 2025 – Summary Financial Performance
H1 2025 – Summary Financial Performance EUR million H1/25 H1/24 H1/23 H1/22 Net sales 34.2 34.9 34.8 31.6 • Operating margin 28.0% (22.8%) Change YoY% -2% +0% +10% +9% EBIT 9.6 8.0 9.8 7.1 • Net sales in constant currency increased Change YoY% +21% -19% +39% -33% 2.7% to € 35.9 Mn Financial items -5
Slide 15: Q2 2025 – Summary Financial Performance
Q2 2025 – Summary Financial Performance EUR million Q2/25 Q2/24 Q2/23 Q2/22 Net sales 17.3 18.7 19.3 18.3 • Operating margin 29.2% (18.8%) Change YoY% -7% -3% +5% +10% EBIT 5.1 3.5 6.2 5.1 Change YoY% +44% -44% +22% -33% • Net sales in constant currency increased 0.7% to € 18.8 Mn Financial items -3
Slide 16: H1 25 – Ongoing effort to reduce DSO days
H1 25 – Ongoing effort to reduce DSO days H1 2025 Receivables € 35.9 Mn (€ 3.1 Mn is provided for) DSO Days 225 216 170 176 174 152 151 144 144 155 Not due >1 year 18% 22% 270-365 days 13% <90 days 25% Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 90-270 days 22% Tecnotree Tecnotree In
Slide 17: 2025 Currency Risk
2025 Currency Risk Guidance: Reduce exposure to frontier country FX risk to 10-15% by 2027 USD/EUR Trend 2024-25 2025 Status and Strategy • € 4 Mn FX loss in H1 2025 due to headwind with 13% weakening of USD against EUR • Exposure to frontier country FX risk reduced to 10% in H1 2025 • Growth in mat
Slide 18: H1 2025 Balance Sheet
H1 2025 Balance Sheet Consolidated balance sheet, EUR million 30.6.2025 30.6.2024 31.12.2024 Non-current assets Intangible assets 44.2 40.1 43.1 • Minor growth in intangible assets compared to Tangible assets 0.3 0.1 0.1 year end 2024 Deferred tax assets 0.0 0.4 0.0 Other non-current trade and other
Slide 19: H1 2025 Takeaways
H1 2025 Takeaways • Order Book at Record High • 5 Quarters of FCF and on Track to Meet FY Guidance of Greater Than € 4 Mn • Cost Cutting Measures Last Year Paying Off, With Substantial Margin Improvement In H1 25 • Dollar Based Contracts Hurt By Dollar Weakness in H1 • Healthy Underlying Performance
Slide 20: Q&A Session
Q&A Session Tecnotree Tecnotree Investor Presentation Board Presentation Q1Q4 H1 2024 2025 2025 All Figures All Figures in in Million Million Euros Euros (ME) (ME)
Slide 21: Thank You
Thank You Empowering Digitally Connected Communities to over 90+ Telecom Providers around the world, since 1978