Dhh S.p.a · MIL:DHH
Dhh — H1 2022 Earnings Presentation
13 slides from Dhh's earnings presentation, September 2022
Slide 1: The Cloud Computing Provider of Southeast Europe - Earnings Call H1 2022
Dall The Cloud Computing Provider of Southeast Europe EARNINGS CALL H1 2022
Slide 2: Another semester of double-digit growth on revenue
Another semester of double-digit growth on revenue, with EBITDA margin above 30% despite the macroeconomic situation and the increase in energy and related costs. Stable cash generation, thanks to the business model grounded on recurring revenue and automatic payments
Slide 3: H1 2022 key results
• Revenue equal to EUR 12.1M vs EUR 9.6M (H1-2021) (+26%) • Recurring revenue equal to 96% of the total revenue • EBITDA equal to EUR 3.7M vs EUR 3.5M (H1-2021) • Operating cash flow equal to EUR 2.7M vs EBITDA equal to EUR 3.7M – cash conversion equal to 76% • Net cash equal to EUR 926k, improved b
Slide 4: Revenue by country
(eur) 2022H1 2021H1 ∆ Italy 7,158,036 6,469,164 +11% Slovenia 1,253,898 1,139,794 +10% Croatia 1,386,862 1,212,882 +14% Serbia 340,707 315,830 +8% Switzerland 408,448 437,250 -7% Bulgaria 1,513,387 - n/a Total 12,061,338 9,574,920 +26%
Slide 5: Revenue by service line
(eur) 2022H1 2021H1 ∆ IaaS 5,175,830 4,567,168 +13% PaaS 4,039,424 3,530,398 +14% SaaS 211,757 141,076 +50% Datacenter & Networking 2,208,452 854,337 +158% Managed Services 336,713 416,432 -19% Other 89,162 65,509 +36% Total 12,061,338 9,574,920 +26%
Slide 6: Operating revenue and costs
2022H1 2021H1 ∆ Operating revenue 12,350,101 9,624,034 +28% Material costs (602,277) (505,119) +19% Services costs and use of third party assets (5,422,914) (3,841,433) +41% Gross margin 6,324,911 5,277,482 +20% Personnel costs (2,354,609) (1,542,190) +53% Other expenses (239,478) (254,578) -6% EBIT
Slide 7: EBITDA to net result
2022H1 2021H1 ∆ EBITDA 3,730,823 3,480,714 +7% D&A (1,882,466) (1,604,503) +17% EBIT 1,848,357 1,876,210 -1% Financial income (92,849) (70,866) +31% Other income - (3,336) -100% EBT 1,755,509 1,802,008 -3% Current Taxes (595,541) (564,155) +6% Deferred Taxes 17,248 858,903 -98% Total taxes (578,294)
Slide 8: Revenues and costs with Evolink pro-forma
H1 2022 H1 2022 H1 2022 H1 2021 DELTA ∆ Evolink Pro-forma REVENUES 12,350,101 1,620,091 10,730,011 9,624,034 1,105,977 +11% Material costs (602,277) (30,655) (571,622) (505,119) (66,503) +13% Service costs (5,422,914) (1,018,085) (4,404,829) (3,841,433) (563,396) +15% Personnel costs (2,354,609) (43
Slide 9: Share trading turnover and trades
• Total turnover: 3.3M EUR – Average turnover: 17k EUR/day • Number of trades: 1,801 – Average trades: 10/day
Slide 10: Strong presence in the hosting industry in the Balkans
• Strong presence in the hosting industry in the Balkans. We expect growth despite the macroeconomic situation • Established position in the datacenter market as a certified provider. Present in Bulgaria (Evolink) and Italy (Seeweb) • Good traction of our innovative Cloud Server for HPC. Positive sa
Slide 11: M&A opportunities and H2 2022 priorities
• Working on new M&A opportunities (cloud-oriented B2B ISPs) • Particular attention on cost controlling in 2022H2, approach «wait and see» towards the macroeconomic scenario • Onborading of Connesi which effects will appear in 2022H2 • Completion of Evolink onboarding in the group • Focus on improvi
Slide 12: Questions?
pul QUESTIONS?
Slide 13: Listing information and contacts
Listing Monday, 21 November Address Euronext Growth Advisor Milan, Euronext Growth Milan 3Q22 Gross sales release via Caldera 21, 20153 Milan Envent Capital Markets Ltd Listing ISIN ordinary shares Phone Specialist IT0005203622 +39 02 87365100 MIT Sim SpA Outstanding # of shares Email Research provi