Slide 1: Interim results 2022
Interim results 2022 13 September 2022
Slide 2: Steve Brown and Fern MacDonald
Steve Brown Fern MacDonald Chief Executive Officer Chief Financial Officer 2022 Interim Results ©2022 accesso Technology Group, plc 2
Slide 3: Agenda
Agenda First Half Highlights Operational Performance Review First Half Financial Results Summary & Outlook 3
Slide 4: First Half Highlights
First Half Highlights
Slide 5: Continued revenue and profit growth
Continued revenue and profit growth Strategic focus and operational agility driving results Strong H1 with robust financial results $63m in revenue represents 25.8% growth on 2021, with cash EBITDA of $10.6m representing 8.4% growth year-on-year. 1H Cash EBITDA increased 10X versus pre-pandemic. Dyn
Slide 6: Operational Performance Review
Operational Performance Review
Slide 7: Strong new business performance
Strong new business performance Innovative product set resonating in the market 10 New venues signed 4 Live entertainment venues 49 Additional go-lives Sales to existing 49% 51% 64 Joint deployments in the ski sector attraction, cultural, theme parks, customers zoos & aquariums 2022 Interim Results
Slide 8: Key customer commitments
Key customer commitments Building resilience and future-proofing our growth plan Key customers Long-term relationships underpinned by customer-centric approach and highest quality technology Village Roadshow 5 Year renewal highlights confidence in solution set and delivery Scope for continued growth
Slide 9: New Food & Retail technology acquisition
New Food & Retail technology acquisition Key market opportunity Highly differentiated Significant potential Rapid shift in demand from legacy Well proven, expansive feature set New multi-tenant, cloud-based product point-of-sale terminals to mobile across both Food & Retail with prior substantially
Slide 10: People & culture
People & culture Strategically aligned and motivated workforce driving our progress forward New Hires 71 new hires during the first half Clear strategic focus Focus on engineering and product Flexible work location increasing Embracing shift to remote working satisfaction, retention and recruitment
Slide 11: Financial Results
Financial Results A accesso.
Slide 12: Financial Highlights
Financial Highlights Record performance in revenue, profit and cash EBITDA Revenue Split HY’ 22 & HY‘ 21 Robust revenue Group revenue was 25.8% 3% growth higher year-on-year Other 8% Mix impacts gross With recovery of distribution business, gross margin trends to Other Repeatable HY 2022 74% Transac
Slide 13: Revenue by Type
Revenue by Type ($ in thousands) HY 2022 HY 2021 Change (%) Discussion and Analysis Virtual queuing 11,623 10,152 14.5 The Group’s transactional revenue streams Ticketing and eCommerce 35,594 22,815 56 delivered an excellent performance during Reservation Fees 12 2,614 (99.5) H1 2022 to $47.2m, up 3
Slide 14: Income Statement
Income Statement ($ in thousands) HY 2022 HY 2021 Change (%) Discussion and Analysis Revenue 63,732 50,654 22.8 The Group’s reported gross profit margin of 73.8% has reduced, as expected, relative to Cost of sales (16,700) (9,836) 69.8 80.6% achieved in H1 2021 and is much more Gross profit 47,032 4
Slide 15: Alternative Performance Measures
Alternative Performance Measures ($ in thousands) HY 2022 HY2021 Change (%) Discussion and Analysis Operating profit 3,276 1,655 97.9 Record Cash EBITDA for the period of Add: Exceptional expenditure on acquisition of intellectual $10.6m, up $0.8m from H1 2021. This 296 - - property increase is a re
Slide 16: Cash Flow
Cash Flow ($ in thousands) HY 2022 HY 2021 Operating cash flow before movement in working Discussion and Analysis 11,498 10,805 capital Working capital movements (12,280) (3,173) Net cash at the end of the period has reduced to $58.7m from $64.1m at 31 Cash generated (used in)/from operations (782)
Slide 17: Summary & Outlook
> Summary & Outlook accesso.
Slide 18: Summary & Outlook
Summary & Outlook Optimistic for a strong second half Full Year With robust revenue growth, gross margin more in line with pre-pandemic levels, and solid cash generation, the Group expects full year results in line with expectations net of acquisition related expenses. Outlook Strong product set Rig
Slide 19: Thank You
Thank You 19