Accesso Technology Group Plc · LSE:ACSO
Accesso Technology — H1 2024 Earnings Presentation
21 slides from Accesso Technology's earnings presentation, Sep 26, 2024
Slide 1: 2024 Interim Results
2024 Interim Results 26 September 2024
Slide 2: Steve Brown and Matthew Boyle
Steve Brown Matthew Boyle Chief Executive Officer Chief Financial Officer ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS 2
Slide 3: Agenda
Agenda 1 Overview 2 Operational Performance 3 Interim Financials 4 Outlook ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS 3
Slide 4: 2024 Interim Results By the Numbers
2024 Interim Results By the Numbers $69.2M Revenue $6.5M Cash EBITDA 76.2% Gross Margin Increase of 5.2% on 2023; In line with PY. Lower than our Up from 73.5% as efforts to Up 9.9% when adjusted for expectations primarily due to improve revenue efficiency are strategic shift away from pass timeline
Slide 5: Business Overview
Business Overview ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS
Slide 6: Provides an Industry-Leading Software Portfolio That Empowers Operators
Provides an Industry-Leading Software Portfolio That Empowers Operators to Optimize Their Revenue ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS 6
Slide 7: Revenue Enhancing Solutions for the Growing Leisure Sector
Revenue Enhancing Solutions for the Growing Leisure Sector Ticketing Queuing Restaurant & Retail End-to-end admission ticketing and Dynamic queuing solutions to Streamlined venue operations across a entitlement solutions enabling operators to enhance the guest experience and unified retail and resta
Slide 8: Expansive Customer Base With Significant Growth Opportunity
Expansive Customer Base With Significant Growth Opportunity SELECT VENUES SELECT VENUES UK/Europe North America SELECT VENUES SELECT VENUES Middle East/Africa APAC 1200+ venues across 34 countries including the world’s largest theme park destination in Orlando ©2024 accesso Technology Group PLC 2024
Slide 9: Operational Performance
Operational Performance ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS
Slide 10: Key Industry Sector Trends
Key Industry Sector Trends Transactional revenue stable despite varied industry and consumer dynamics Theme Parks & Attractions North American Ski • US Destination leisure sector reporting notable demand moderation, • Despite poor early season snow conditions across many US ski areas, broadly even w
Slide 11: Product Segment Highlights
Product Segment Highlights Ticketing Queueing Restaurant & Retail • Revenue from core transactional products performed • Transactional revenue for accesso LoQueue impacted as • Initial launch of accesso Freedom receiving highly ahead of prior year with accesso Passport up more than key customer shif
Slide 12: Our People are the Most Valuable Strategic Advantage
Ongoing organizational effort to continually align resources to support growth and operational efficiency Launched Emerging Leaders program for new or aspiring Our People are leaders; prepares Group for continued strength with growth the Most Valuable New Women in Leadership program, IgniteHer, to S
Slide 13: Half Year Financial Results
Half Year Financial Results ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS
Slide 14: Financial Highlights
Financial Highlights Revenue Split HY ’24 & HY ’23 Broadly in line with expectations 6% Group revenue of $69.2m was 5.2% Revenue growth but lower higher year-on year. Excluding the impact than expectations of low-quality seasonal staffing 11% reimbursement, 9.9% ahead year-on- year. HY 2024 74% 9% S
Slide 15: Revenue by Type
Revenue by Type Transactional revenue increased to $51m, up 2.3% ($ in thousands) HY 2024 HY 2023 Change (%) on HY 2023. Virtual Queuing 9,417 10,150 (7.2) • Ticketing and eCommerce has grown at a rate Virtual Queuing - staffing cost reimbursement - 2,811 (100) of 12.7%. Impact of growth in the dist
Slide 16: Income Statement
Income Statement Gross profit increase of 9.1% to $52.7m delivered at ($ in thousands) HY 2024 HY 2023 Change (%) a 76.2% gross margin, healthy increase on prior period. Revenue 69,194 65,783 5.2 • Impact of removing lower-quality pass through Cost of sales 16,470 17,457 (5.7) revenue on virtual que
Slide 17: Cash EBITDA
Cash EBITDA The Group delivered cash EBITDA for the period ($ in thousands) HY 2024 HY 2023 Change (%) of $6.5m. Operating profit / (loss) 1,208 (801) 250.8 Impact of acquisitions Add: acquisition related expenses 24 2,466 (99) • HY 2023 contained $2.5m of exceptional costs related to acquisitions.
Slide 18: Cash Flow
Cash Flow ($ in thousands) HY 2024 HY 2023 Net cash at the end of the period has reduced to Operating cash flow before movement in working capital 7,770 6,296 $18.2m from $31.5m at 31 Dec 2023. Working capital movements (14,178) (6,381) Cash (used in) operations (6,408) (85) Tax (894) (1,402) Workin
Slide 19: Outlook
Outlook ©2024 accesso Technology Group plc
Slide 20: Outlook
Outlook Reflects impact of timeline $150m-$153m shift for key project and Revenue updated transactional volume trends 13-14% Impacted by reduction of Cash EBITDA high margin revenue Margin ©2024 accesso Technology Group PLC 2024 INTERIM RESULTS 20
Slide 21: Questions
accesso. Questions
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