Slide 1: 2022 Results
2022 Results 4 April 2023 A accesso.
Slide 2: Steve Brown, Fern MacDonald
Steve Brown Fern MacDonald Chief Executive Officer Chief Financial Officer 2022 Results ©2023 accesso Technology Group plc 2
Slide 3: Agenda
Agenda Business Overview 2022 Operational Performance Review 2022 Financial Results Summary & Outlook 2022 Results ©2023 accesso Technology Group plc 3
Slide 4: Business Overview
_ ia lea aaa Business Overview A accesso.
Slide 5: Technology Diversity
Technology Diversity accesso solutions offer a wide range of revenue-driving venue technology Ticketing & Distribution Guest Experience Food & Retail Platform Launching 2023 600+ Employees 700+ Customers 29 Countries 2022 Results ©2023 accesso Technology Group plc 5
Slide 6: Leisure Sector Diversity
Leisure Sector Diversity accesso solutions are utilised across the full range of leisure venue types 2022 Results ©2023 accesso Technology Group plc 6
Slide 7: Geographical Diversity
Geographical Diversity accesso solutions are utilised by venue operators across the world Presence in 29 countries providing diversified footprint Scale well beyond our competitors at over 1,000 venues Diversified customer base provides resilience Expanding penetration outside of North America 2022
Slide 8: Top Tier Customer Base
Top Tier Customer Base Enterprise level relationships with accesso are deeply integrated with customer operations Flagship Clients Theme & Water Parks Ski Resorts Cultural Fairs, Festivals & Attractions Hotels, Resorts & Casinos Live Entertainment Zoos and Aquariums 2022 Results ©2023 accesso Techno
Slide 9: 2022 Operational Performance Review
2022 Operational Performance Review
Slide 10: Record revenue and excellent profit
Record revenue and excellent profit Return to full demand enabling growth Record full year revenue Beat our expectations as demand returned to pre-pandemic levels across key markets Outperformance shows continued demand Outperformance showcases demand for products, diversity of client base, breadth
Slide 11: Positive Momentum
Positive Momentum Sector, geographical and product diversity support ongoing growth Continued growth beyond the US with APAC revenue +49% and UK revenue +58%. Ongoing growth opportunity within the ski market; 62% of new customers signed. Live Entertainment rebounded delivering record unit sales and
Slide 12: Enterprise Customers
Enterprise Customers Resilience and scale underpin future growth Market leading position underpinned by long-term and constructive relationships Cedar Fair announced a five-year extension; Village Roadshow renewed for a further five-years with option for additional two years Significant show of trus
Slide 13: Product Innovation
Product Innovation Expanded capabilities boost market position New food and retail platform Asset acquisition expands in-venue opportunity with a modern, forward-thinking approach to food and retail operations. Launching Fall 2023. Payment processing Development of shared payment platform adds effic
Slide 14: People & Culture
People & Culture Team engagement is central to ongoing success Migration to remote working providing expanded, diverse talent pool and competitive market positioning. Achieved highest historical overall engagement rating in Annual Employment Engagement Survey underpinned by 15% annual staff turnover
Slide 15: Financial Results
Financial Results A accesso.
Slide 16: Financial Highlights
Financial Highlights Record revenue and continued profit outperformance Annual Revenue Split ’22 & ‘21 Record Group revenue 12.0% higher 4% revenue than 2021. Other 7% Exceptional Other Repeatable 2022 76% Transactional revenue of Transactional transactional $106.0m, up 11.0% on 2021. 13% revenue No
Slide 17: Revenue by Type
Revenue by Type ($ in thousands) 2022 2021 Change (%) Discussion and Analysis Virtual queuing 28,179 32,888 (14.3) Ticketing and eCommerce 77,788 58,537 32.9 Transactional revenue streams delivered an Reservation Fees 18 4,073 exceptional performance during 2022 to (99.6) $106.0m, up 11.0% on 2021.
Slide 18: Income Statement
Income Statement ($ in thousands) 2022 2021 Change (%) Discussion and Analysis Revenue 139,730 124,794 12.0 Gross profit margin of 74.4%, is a reduction on 77.2% in 2021 but remains slightly ahead Cost of sales (35,770) (28,401) 25.9 of 2020 and 2019. Gross profit 103,960 96,393 7.9 • Gross margin d
Slide 19: Alternative Performance Measures
Alternative Performance Measures ($ in thousands) 2022 2021 Change (%) Discussion and Analysis Operating profit 12,751 13,521 (5.7) Cash EBITDA of $25.8m, a 8.3% reduction on the record 2021 result however, significantly Add: Acquisition expenses 137 - - ahead of our expectations for 2022 Add: Amort
Slide 20: Cash Flow
Cash Flow ($ in thousands) 2022 2021 Discussion and Analysis Cash generated from operations 16,726 39,285 Tax (2,259) (171) Working capital movement driven by UK Capitalised internal development costs (2,155) (720) return from Omicron variant in Dec 2021 and Purchase of intangible assets (1,140) - U
Slide 21: Summary & Outlook
> Summary & Outlook accesso.
Slide 22: Summary & Outlook
Summary & Outlook Outperformance Demonstrates Strength Record revenue and exceeding profitability expectations demonstrates continued demand growth alongside strong operational responsiveness and efficiency. Ongoing Innovation Drives Growth Improved and expanded features within current product set d
Slide 23: Thank You
Thank You Add a footer here 23