Slide 1: Investor presentation March 2024
Investor March 2024 nedap
Slide 2: Forward-looking statements
This presentation contains the Board of Directors’ forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. A number of factors could cause actual results or events to differ from the Board of Directors’ ex
Slide 3: Contents
Nedap at a glance Scale propositions Financial updates 05 Technology for Life 16 iD Cloud 23 Highlights 2023 06 Key facts 17 CowControl™ 24 Key figures 2023 07 Board of directors 18 Ons® software suite 25 Consolidated income statement 26 Consolidated balance sheet Strategy Nedap investment propositi
Slide 4: Nedap at a glance
Slide 5: Technology for Life
• Nedap focuses on Technology for Life: developing technological solutions that make people more successful and happier in their professional lives. We create True Value. • To have a positive impact on people’s professional lives this requires a people- centred approach; First People, then Technolog
Slide 6: Key facts
(2023) €262 million (31-12-2023) €428 million (2023) €27.3 million (2023) 31%
Slide 7: Board of directors
Joined Nedap in 1997 Joined Nedap in 2020 Joined Nedap in 2004 CEO since 2009 Nedap board member since 2020 Nedap board member since 2022
Slide 8: Strategy
Slide 9: Our business model
Our business model ‘Our people, culture ‘and perspective on leadership eee Creating storytelling Governance and Step Up! value Leading market positions jsnedap
Slide 10: Create-Scale-Core model
Nedap – Technology for Life Livestock Security Healthcare Retail Management Management Core Propositions Explorations & Propositions (create, scale, core) People, culture, leadership, brand, business platform
Slide 11: Key markets
Other propositions Software services that allow Technological solutions for healthcare professionals in individual animal monitoring Develops and markets hardware the Netherlands to and management for the dairy and software for vehicle interconnect farming identification systems worldwide Smart UV l
Slide 12: Focus areas sustainability
Employees Talent developments, diversity and inclusivity Operations Net zero carbon emissions for scope 1 and 2 in 2030 Products Minimal negative impact along the entire value chain Customers We want to pursue opportunities with propositions that contribute to making our customers’ business model mo
Slide 13: Financial ambition
• An autonomous high-single-digit revenue growth • A growing operating margin towards 15% (excluding one-offs) • Return on invested capital (ROIC) that outgrows profitability
Slide 14: Financial performance
270 14% 35% 30 12% 40% 30% 25 10% 250 25% 30% 11% 20 8% 230 20% 15 6% 20% 9% 15% 210 0% 10 4% 5% -1% 10% 190 10% 5% 5 2% 170 0% 0 0% 0% 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 Total revenue % Recurring of total revenue Operating profit Operating marg
Slide 15: Scale propositions
Slide 16: iD Cloud
iD Cloud is the scale-proposition within key market position Retail Fashion retailers have great difficulty in keeping an accurate overview of their stock levels. This leads to a mismatch in supply and demand, dissatisfied customers and missed revenue opportunities. By combining RFID knowledge with
Slide 17: CowControl
CowControl is the scale-proposition within key market position Livestock Management Cows The market for dairy farming is changing rapidly: Scaling up is a prerequisite for remaining profitable, while suitable personnel are becoming scarcer. Nedap has created an all-in-one monitoring and management s
Slide 18: Ons software suite
® Ons® is the scale-proposition within key market position Healthcare The healthcare sector suffers from a large staff shortage and a high workload, partly due to a high administrative burden. At the moment, existing administrative systems do not sufficiently meet the specific requirements and wishe
Slide 19: Nedap investment proposition
Slide 20: Investment proposition
• Focus on 4 core technologies in 4 key markets • Ample autonomous growth potential through scalable propositions • High and growing added value per FTE driven by our entrepreneurial culture • Create sustainable value for our customers, employees and partners • Growth in margins and recurring softwa
Slide 21: Nedap share
€ 80 € 70 Cross Options Beheer B.V. 14.61% € 60 Teslin Participaties Coöperatief U.A. 10.19% NN Group N.V. 9.97% € 50 Van Lanschot Kempen Investment Management N.V. 9.94% € 40 ASR Nederland N.V. 8.20% € 30 Add Value Fund N.V. 5.08% € 20 Decico B.V. 5.01% 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2
Slide 22: Financial updates
Slide 23: Highlights 2023
• Revenue for 2023 amounted to €262.4 million, up 14% on 2022 (€229.5 million). All key markets and other propositions contributed to this growth. • Recurring revenue rose 19% and makes up 32% of the total revenue (31% in 2022). • The operating profit grew to €27.3 million (€23.5 million in 2022). T
Slide 24: Key figures 2023
Revenue 262.4 229.5 14% Recurring revenue 84.1 70.6 19% Recurring revenue as percentage of revenue 32% 31% Added value as percentage of revenue 69% 67% Added value per FTE (x € 1,000) 198 186 Operating profit 27.3 23.5 16% Operating margin 10.4% 10.3% Net profit 21.6 18.7 16% Earnings per share (x €
Slide 25: Consolidated income statement
Revenue 262,426 229,479 Cost of goods sold -81,447 -75,911 Added value 180,979 153,568 Personnel costs -112,059 -91,499 Amortisation -389 -813 Depreciation -9,718 -8,778 Other operating costs -31,490 -28,933 Operating costs -153,656 -130,023 Operating result 27,323 23,545 Net financing result -731 -
Slide 26: Consolidated balance sheet
Fixed assets Shareholders' equity 85,331 81,194 Intangible fixed assets 10,156 2,847 Tangible fixed assets 42,636 41,121 Non-current liabilities Deferred tax assets 1,373 1,161 Borrowings 14,000 14,000 54,165 45,129 Provisions 837 1,162 Current assets Other non-current liabilities 1,683 1,786 Invent
Slide 27: Financial calendar 2024
9 April Trading update Q1 11 April Annual General Meeting 15 April Ex-dividend date 16 April Record date 22 April Dividend payable date 18 July Half-yearly results 17 October Trading update Q3
Slide 28: Appendix
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Slide 29: History of Nedap
N.V. Nederlandsche Opening of brand-new Nedap starts developing Nedap made the switch The Stichting Apparatenfabriek “Nedap” factory in Groenlo. At the RFID technology as one of from a hardware- to a Medewerkerparticipatie is established in the former same time Nedap gets a the global pioneers in th
Slide 30: Overview key market positions
Healthcare >15% Long term care Ons • #1 in elderly care • Increasing demand for long- NL providers Electronic Health Record cloud • #1 in disabled care term care solution for administrative, logistic • #1 in mental healthcare and care processes at care providers Medikit • New entrant in GP-market •
Slide 31: Overview other business units
Identification < 15% (Local) Governments and Readers • Global leader in identification Core proposition Global Systems larger companies in parking, Vehicle access control solutions of vehicles industry and security Light Controls < 15% General industries and water UV • #1 in high-power UV Core propo
Slide 32: 5-Year financial history
Revenue 262.4 229.5 207.0 189.9 191.5 Revenue growth 14% 11% 9% -1% 0% Recurring revenue 84.1 70.8 58.5 50.7 44.6 Recurring revenue as % of revenue 32% 31% 28% 27% 23% Added value as % of revenue 69% 67% 67% 66% 63% Added value per FTE (x € 1,000) 198 186 180 169 173 Operating profit excl. one-off i
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