Slide 1: Earnings Call 3M results 2024
Earnings Call 3M results 2024 – 23 May 2024
Slide 2: Who you have on the call today
Who you have on the call today Patrik Heider CEO / CFO Earnings Call 3M 2024 – 23 May 2024 2
Slide 3: Agenda for today
Agenda for 01 Business update 3M 2024 today 02 Financial figures 3M 2024 03 Outlook 2024 04 Q&A session 05 Appendix Earnings Call 3M 2024 – 23 May 2024 3
Slide 4: Business update
Business update 3M 2024
Slide 5: Creating operational excellence
Creating operational excellence 1 2 3 Organisation and employees Business processes Internal system landscape § Relevant key positions are staffed by § Merging DTS with NFON AG § Optimise our Business Support highly experienced managers. § Modernising the technological basis System (BSS) along the c
Slide 6: Transformation as the basis for innovation
Transformation as the basis for innovation The “AI revolution” – driven by large language model (LLM) innovations – is starting to impact the business communications market Our approach Leverage the technology to solve business problems, improve customer experience and drive operational excellence I
Slide 7: Financial figures
Financial figures 3M 2024
Slide 8: 3M 2024 results at a glance
3M 2024 results at a glance Recurring revenue Recurring revenue growth of 2.8% compared to 3M 2023 growth Recurring revenue Increased high share of recurring revenue of 93.6% share Adjusted Improved adjusted EBITDA of EUR 2.8 million EBITDA Earnings Call 3M 2024 – 23 May 2024 8
Slide 9: Continuously growing share of recurring revenue
Continuously growing share of recurring revenue Development of total recurring vs. non-recurring revenue in EUR million +2.2% COMMENTS 80.8 82.3 § Recurring revenue grew moderately by 75.9 2.8% compared to 3M 2023 7.2 5.2 - Acquisition of new customers 7.9 77.1 73.6 - Increase in installed extension
Slide 10: Reliably high gross margin again with increasingly positive development
Reliably high gross margin again with increasingly positive development Development of COGS (adj.)1 +0.0% in EUR million and gross margin2 COMMENTS § Improved gross margin compared to the same period last year due to successfully growing share of high-margin sales § Cost of materials is largely vari
Slide 11: Reduced personnel expenses in line with strategic focus
Reduced personnel expenses in line with strategic focus Adjusted1 personnel expenses in EUR million –2.5% –2.0% COMMENTS 37.4 § Average number of employees decreased 34.9 from about 482 to 419 (–13.0%) 31.2 § Personnel expenses as reported amount to EUR 8.6 million (3M 2023: EUR 8.8 million) § Adjus
Slide 12: Adjusted EBITDA continues to develop positively
Adjusted EBITDA continues to develop positively Adjusted EBITDA in EUR million +40% COMMENTS 8.4 1.6 § Increased revenues, a higher gross profit and measures to increase profitability taking effect § Cost reductions in the area of personnel expenses and other operating expenses 6.8 2.8 § EBIT improv
Slide 13: Achieving positive free cash flow: paving the way for future success
Achieving positive free cash flow: paving the way for future success in EUR million COMMENTS +0.9 § Operating cash flow after 3M 2024 12.3 12.1 declined compared to 3M 2023 from EUR -0.7 1.5 million to EUR 0.9 million mainly -0.4 -0.2 caused by: - increase in net profit - decrease in trade payables
Slide 14: Outlook
Outlook 2024
Slide 15: 2024: a year of transformation and further sustainable profitable growth
2024: a year of transformation and further sustainable profitable growth 4021 point 2020 Starting 2022 Guidance 2024 Recurring revenue EUR 77.1 million We expect recurring revenue growth in the mid- to upper-single-digit percentage range growth Recurring revenue 93.7% We expect a resulting recurring
Slide 16: Q&A session
Q&A session
Slide 17: Appendix
Appendix
Slide 18: Share at a glance
Share at a Shareholder structure* in %, as of 17 April 2024 glance Others ISIN DE000A0N4N52 Segment Prime Standard/ 15.2 Telecommunication Shares 16.6 million (29 March 2021) 31.9 4.0 Designated Baader Bank, sponsors ODDO Seydler Bank First day of trading 11 May 2018 6.0 Coverage Berenberg Bank, Baa
Slide 19: C-level team
C-level team Patrik Heider Andreas Wesselmann CEO / CFO CTO § At NFON since 2023 § At NFON since 2024 § ~20 years of C-level § > 20 years of experience experience and in the IT in an international working industry environment as well as in senior executive positions § Previous experience within the
Slide 20: Financial calendar
Financial calendar 07/03 • Preliminary Group financial results FY 2023 25/04 • Group annual report FY 2023 23/05 20 • Financial results 3M/Q1 2024 28/06 • Annual General Meeting 2024 24 22/08 • Group half-year report 2024 21/11 • Financial results 9M/Q3 2024 Earnings Call 3M 2024 – 23 May 2024 20
Slide 21: Contact
Contact in https://www.linkedin.com/company/nfon BLOG https://www.nfon.com/blog/de/ FRIEDERIKE THYSSEN VP Investor Relations & Sustainability https://facebook.com/NFONcom NFON AG TELEPHONE NFON AG Machtlfinger Straße 7 Zielstattstrasse 36 Phone: +49 89 45300-449 81379 Munich, Germany ir-info@nfon.co
Slide 22: Disclaimer
Disclaimer This publication contains forward-looking statements regarding NFON AG or the NFON Group and its subsidiaries, including assessments, estimates and forecasts regarding the financial position, business strategy, plans and objectives of the management and future operations of NFON AG and th
Slide 23: Thank you
Thank you 23