Slide 1: Full Year 2021 Results Presentation for Investors
Diego Cabezudo Javier Cañete CEO CFO Full Year 2021 Results Presentation for Investors APRIL 2022
Slide 2: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information
Slide 3: Our Journey
Our Journey From a pure play Infrastructure as a Service company founded in 2011, to become the first converged Cloud & Communications solutions provider in the Iberian Peninsula via organic and inorganic growth 3
Slide 4: 2021 has been transformational
2021 has been transformational 2021 February 2021 - Gigas acquires a portfolio of +3k business customers from First Converged Adds fixed telephony, cloud PBX and connectivity services Telco & Cloud Kickstarts Gigas transformation towards converged telecoms, cloud and security provider Operator M
Slide 5: FY 2021 Key Highlights
FY 2021 Key Highlights FY21 net revenues grew 4.8x from €10.9M to €52.2M and a 6.7% higher than the budgeted €48.9M, fuelled by corporate transactions Adj. EBITDA €12.1M, 4.5x higher than the €2.7M of 2020 and 13.3% higher than the €10.7M budgeted for the year Net loss of €5.0M, much higher than the
Slide 6: Revenues 2021
Revenues 2021 About Gigas • Net revenues reached €52.18 million in 2021, 4.8 times higher than in 2020 (€10.91M) and 6.7% higher than budgeted (€48.90M). Company has grown very significantly due to the four acquisitions closed during the year, which have changed the scale of the Company and have als
Slide 7: Revenue Split, Customers and ARPU 2021
About Revenue Split, Customers and Gigas ARPU 2021 • Telecom leads in terms of revenues in the Company, with 68% of net revenues, followed by Cloud, IT and Cybersecurity with 32% • In terms of geographies, the Iberian Peninsula contributes with 87.6% of total net revenues, followed by LATAM (7.2%) a
Slide 8: Gross Margin and EBITDA 2021
About Gigas Gross Margin and EBITDA 2021 • Gross Margin of 58.8% during 2021, better than budgeted (58.2%). Gross Margins of Telecom Services (49%) lower than Cloud, IT and Cybersecurity (71%), due to usage of third party access networks (fixed and mobile) • Adjusted EBITDA reached €12.14M (before l
Slide 9: 2021 Results Compared to 2020 and Budget
About 2021 Results Compared to 2020 Gigas and Budget GIGAS GROUP CONSOLIDATED P&L 2021 2021 2020 BUDGET 2021 Figures in euros JAN-DEC % Var JAN-DEC % Var JAN-DEC Net Revenues 52,183,320 378% 10,905,727 6.7% 48,902,651 Cloud, IT & Cybersecurity Services 16,475,902 52% 10,840,081 16.0% 14,200,400 Tele
Slide 10: Detailed Quarterly 2021 Results
About Gigas Detailed Quarterly 2021 Results GIGAS GROUP CONSOLIDATED P&L 2021 REAL REAL REAL REAL 2021 Figures in euros Q1 21 Q2 21 Q3 21 Q4 21 FY 21 Net Revenues 9,323,108 13,394,517 14,282,470 15,183,225 52,183,320 Cloud, IT & Cybersecurity Services 3,523,012 4,166,538 4,351,124 4,435,227 16,475,9
Slide 11: Other Financials
Other Financials • Amortizations grew significantly (€14.18M in 2021 vs €2.17M in 2020) mostly related to Customer Relations and Goodwill linked to acquisitions • Financial expenses grew to €1.78M in 2021 (€0.58M in 2020), due to IRUs (Indefeasible Rights of Use, telecom infrastructure long term ren
Slide 12: 2021 Balance Sheet
2021 Balance Sheet • Intangible assets grew substantially to €85.31M (€9.38M in 2020), linked mostly to the four acquisitions closed during the year • CAPEX was €7.11M in 2021 (€0.65M in 2020) fueled by higher CAPEX of the telecom business and also the deployment of new telco platforms and systems i
Slide 13: CAPEX Evolution 2017-2021
CAPEX Evolution 2017-2021 • CAPEX to Sales ratio reached 13.6% in 2021 (6.0% in 2020). Approximately half of the CAPEX was used for increasing capacity (growth) and to implement new telco platforms and IT systems for the new strategy of the Company • CAPEX related to M&A reached €60.0M in 2021, ONI
Slide 14: 2021 Cash Flow
2021 Cash Flow • Cashflow from Operations grew strong and reached €11.51M from €2.51M in 2020, 4.58x growth with a good working capital • Financial expenses reached €1.8M in 2021 (€0.58M in 2020), mostly from IRU expenses (€1.18M). Only €0.38M financial expenses come from bank debt. Average Interest
Slide 15: Debt Evolution as of 31st DEC 2021
Debt Evolution as of 31st DEC 2021 • Gross Financial Debt reached €29.69M by the end of 2021 • Gross debt does not include convertible bonds (€2.5M, expected to be converted since they are deep in the money) or rental agreement liabilities (IFRS 16 related) • Long term financial leases related to th
Slide 16: 2022 Budget
2022 Budget • New strategy to offer converged telco/cloud/cybersecurity services fueled by acquisitions have changed the scale of GIGAS and its potential addressable market • Net revenues estimated to reach €66.5M in 2022, 27.5% higher than in 2021 • EBITDA to reach €14.6M, 20.0% higher than 2021. C
Slide 17: Share Evolution
Share Evolution • Share ended at €10.75 in 2021 and it was influenced by high market volatility in the first months of 2022 • Share Price closed at €8.98 yesterday, unfortunately below the price at start of the year but still a significant premium (43.7%) since last capital increase in Q4’20 (€6.25)
Slide 18: Investor relations contact
Investor relations contact: investor@gigas.com accionista@gigas.com —— gigas