24 slides from Vitec Software Group Ab Class B's earnings presentation, Apr 23, 2025
Slide 1: Vitec vertical software
MBVITCC vertical software
Slide 2: Vitec Software Group - A leader in vertical software
Vitec Software Group A leader in vertical software Sales by market 26,000 46 12 customers business units countries 3,707 88% 1,660 MSEK proforma employees proforma recurring net sales revenues
Slide 3: Strategy chain
Strategy chain Brand Business Values promise concept Objective Vision • 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: Intergrip NL
Figures as per acquisition date 2025 Intergrip Software for the education system in the Netherlands. Intergrip’s platform supports the continuous learning line and monitors students’ transition to further education. Annual Recurring sales revenue MSEK 28 93% Registered office NL Employees 18
Slide 6: Annual sales per vertical 2024
Annual sales per vertical 2024 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
Slide 7: Our business units
Our business units Business unit Reg. Acq. Sales R12 March 2025, MSEK Recurring Business unit Reg. Acq. Sales R12 March 2025, MSEK Recurring office year Recurring share office Year Recurring share 0 50 100 150 200 250 0 50 100 150 200 250 ABS NL 2022 54% Vitec HK data NO 2019 91% Olyslager NL 2024 1
Slide 8: Organization
Organization Group Management Business units CEO, CFO, CIO/CTO, COO, Development, Sales, Marketing, Brand, HR, M&A and VPO etcetera
Slide 9: Interim period January-March 2025
Interim period January-March 2025
Slide 10: Summary of interim period, January–March 2025
Summary of interim period, January–March 2025 • Net sales SEK 880 million (716), an increase of 23% • Recurring revenues SEK 786 million (616), an increase of 28% • EBITA SEK 220 million (220), unchanged • EBITA margin 25% (31) • Operating profit SEK 153 million (153), unchanged • Operating margin 1
Slide 11: Net sales
Net sales MSEK proforma net sales Net sales by year Net sales by quarter 3,707 CAGR 21.1% SEK 3,334 million (2,778), an increase of 20% SEK 880 million (716), an increase of 23%
Slide 12: EBITA
EBITA EBITA Margin YTD EBITA and EBITA margin by year EBITA and EBITA margin by quarter 25% CAGR 27.0% SEK 1,002 million (876), an increase of 14% SEK 220 million (220), increase unchanged
Slide 13: Cash EBIT – Internal operating KPI
Cash EBIT – Internal operating KPI 2025 2024 MSEK Jan-Mar Jan-Mar Change Operating profit/loss 153 153 0% Operating margin, % 17% 21% Capitalized development costs -106 -98 Amortization of intangible fixed assets 67 38 Acquisition-related amortization 63 66 Cash EBIT 178 159 12% Cash EBIT margin, %
Slide 14: Allocation of recurring revenues
Allocation of recurring revenues Transaction-based revenues Subscription-based revenues
Slide 15: Growth
Growth Acquired annual revenue Organic growth, proforma
Slide 16: Organic growth annual net sales
Organic growth annual net sales
Slide 17: Diversification of sales
Diversification of sales Number of customers 26,000 Sales by market Breakdown of revenue Customers R12 March 2025 January-December 2024 R12 March 2025
Slide 18: Invest in Vitec
Invest in Vitec Vertical Market Software We tech society January- March 2025 Leader JANUARY – MARCH 2025 • Net sales SEK 880 million (+23%) • Total revenue increased 40-year track record of sustainable • Recurring revenues SEK 786 million (+28%) by 23% profit growth driven by recurring • EBITA SEK 2
Slide 19: Appendix
Appendix
Slide 20: Consolidated statement of profit/loss
Consolidated statement of profit/loss
Slide 21: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income
Slide 22: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position
Slide 23: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow
Slide 24: Vitec vertical software
MBVITCC vertical software