Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — Investor Presentation (October 2019)
28 slides from Txt E-solutions's investor presentation, October 2019
Slide 1: TXT e-Solutions Corporate Overview
TXT e-Solutions Corporate Overview October 2019
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by TXT e-solutions (“TXT”) and is general background information about TXT’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this prese
Slide 3: TXT Today: reboot of a new story of progress and growth
TXT Today: reboot of a new story of progress and growth After TXT has profitably divested its Retail Division in 2017 obtaining 85 m€ cash (19x EV/EBITDA)… Revenues breakdown …THE NEW TXT started in 2018 is successfully pursuing the growth strategy designed by THE NEW MANAGEMENT that aims to invest
Slide 4: TXT Group Mission, Offering & Leading Team
TXT Group Mission, Offering & Leading Team TXT is an international, specialized provider of engineering software solutions supporting customers in high-tech markets in their mission and business-critical core processes and throughout their product lifecycles. Group Offering: Leadership Team: Alvise
Slide 5: Historical Performance of TXT
Historical Performance of TXT Revenues (m€) EBITDA (m€) 50 6,0 45 40 5,0 40 36 33 Growth 35 3,8 YoY 4,0 3,8 Growth 11.4% 3,5 30 Growth % Inc. 25 YoY % Inc. YoY 8.5% 11.5% % Inc. 9.5% 25 3,0 32.9% 27M 9.7% 20 € 2,0 2,8M 19M Rev. 2,0 € 15 % Inc. 2,1M € H1-19 EBITDA 10 8.0% € Rev. 1,0 H1-19 EBITDA 5 H1
Slide 6: TXT Today: Key Facts & Figures
TXT Today: Key Facts & Figures Revenue by geography 11 LOCATIONS SPECIALIZED WORLDWIDE ENGINEERS UK 8% USA 10% D 7% FR 11% 650+ Other 4% NL 5% Domestic 55% Seattle Amsterdam Dallas Berlin € 27 M Bristol Munich YEARS Stans 30+ EXPERIENCE Toulouse Milan TURNOVER H1-19 Turin + 42% YoY Bari YEARS NEW GR
Slide 7: Aerospace & Aviation: Key Facts & Figures
Aerospace & Aviation: Key Facts & Figures International provider of High-tech Software Solutions & Services to Global Aerospace & Aviation Industry Turnover EBITDA Revenues Revenues H1-2019 H1-2019 breakdown TEAM growth Aerospace & 13% +350 Aviation boosted by new 87% 18.6M € 2.5M € proprietary SW C
Slide 8: FinTech: Key Facts & Figures
FinTech: Key Facts & Figures First mover & Italian leader in SW Quality services for the Banking Industry, vendor of FinTech SW solutions Turnover EBITDA New FinTech Long-lasting TEAM +300 massive growth products business …more than doubled H1-2019 in the last year relationships FinTech +119% YoY ac
Slide 9: Aerospace & Aviation
Aerospace & Aviation
Slide 10: A Large Market with a Solid, Steady Growth over the Long Run
A Large Market with a Solid, Steady Growth over the Long Run Our forecast confirms a 4.3% average traffic growth p.a. over the next 20 years… Demand for 39,210 passenger and freight aircraft over the next 20 years….. Source: Airbus GMF 2019-2038 FLEET IN SERVICE EXPECTED TO MORE THAN DOUBLE OVER THE
Slide 11: Aerospace & Aviation – Mission, Markets & Products
Aerospace & Aviation – Mission, Markets & Products An international, specialized provider of software solutions (software Products and engineering Services) supporting customers in their mission-critical core processes and throughout their product lifecycles. Aerospace & Aviation Proprietary product
Slide 12: A steady growth of technologies and customer portfolio
A steady growth of technologies and customer portfolio for a sustainable progress Operational efficiency management in NEW CUSTOMER support of Air France‘s sustainability efforts 12
Slide 13: A suite of products for an accelerated and green growth
A suite of products for an accelerated and green growth TXT is recognized by the aerospace and aviation Route and aircraft economic analysis (Pacelab Suite market as a leading and specialized provider of | Pacelab Mission Suite) innovative products and solution in all the phase Accurately project ai
Slide 14: FinTech
FinTech TXT
Slide 15: A solid growth of FinTech market as an opportunity of fast development
A solid growth of FinTech market as an opportunity of fast development The global fintech ecosystem continued to Slowdown of FinTech worldwide and in the European market in H1-2019: both the number of global fintech deals and the total global investment in fintech dropped in mature at an accelerated
Slide 16: FinTech – Mission, Markets & Products
FinTech – Mission, Markets & Products Provider of specialized Services and Software supporting customers in Banking & Finance market along their business-critical processes and their Digital Transformation journey. FinTech Software Quality Service: 75% Products for Financing, Credit & Risk managemen
Slide 17: Faraday – an AI based and compliance responsive platform
Faraday – an AI based and compliance responsive platform for Banks, P.A. and Financial Institutions Faraday AT Anti-Terrorism Platform Faraday AC Anti-Corruption Platform NEW CUSTOMER Faraday AML Anti-Money Laundering Platform RISK SOLUTIONS 17
Slide 18: Growth strategies
Growth strategies TXT
Slide 19: Growth Strategy - Highlights
Growth Strategy - Highlights A perfect mix of organic-inorganic growth to achieve: • Specialization in Processes, Increasing knowledge and leverage capabilities cross-industry • Ability to serve customers locally, yet on a global scale … with two important strategic assets to be considered as succes
Slide 20: Organic international growth – from processes to evolving innovative products
Organic international growth – from processes to evolving innovative products TODAY TOMORROW We started from specific Replicate the growth path industry process recorded in the last 12 domain… months… New markets penetration by … to provide leveraging the in-house platforms powered by competencies r
Slide 21: Inorganic growth – three key factors to achieve the ambitious growth path
Inorganic growth – three key factors to achieve the ambitious growth path INORGANIC GROWTH: Significant amount of cash available to be invested in the international growth; net cash at July 30, 2019 was M&A 44M €. 1 THREE MAIN New growth-oriented Management driven by SUCCESS ENRICO MAGNI, Group CEO
Slide 22: Summary & Financial Details
Summary & Financial Details TXT
Slide 23: Increasing and solid trading results - H1 2019
Increasing and solid trading results - H1 2019 € thousand I SEM 2019 % I SEM 2018 % Var % REVENUES 26.996 100,0 19.006 100,0 42,0 Direct costs 15.264 56,5 10.560 55,6 44,5 GROSS MARGIN 11.732 43,5 8.446 44,4 38,9 Research and Development costs 2.674 9,9 1.447 7,6 84,8 Commercial costs 3.596 13,3 2.6
Slide 24: Strong Balance Structure as at June 30, 2019
Strong Balance Structure as at June 30, 2019 € thousand 30.6.2019 31.12.2018 Var. Intangible assets 24.791 17.751 7.040 Tangible assets 7.876 3.680 4.196 Other fixed assets 1.652 1.511 141 Fixed Assets 34.319 22.942 11.377 Inventories 5.581 3.141 2.440 Trade receivables 18.806 14.029 4.777 Other sho
Slide 25: TXT Market Capitalization (m€)
TXT Market Capitalization (m€) 140,0 Free share 120,0 distribution 1:10 Free share 100,0 distribution 1:1 Free share Dividend 11.7m€ 80,0 distribution 1:1 Dividend 3.5m€ 60,0 Dividend 2.9m€ Dividend 5.8m€ 40,0 Dividend 2.7m€ Dividend 2.6m€ 20,0 Dividend 2.1m€ Dividend 10.3m€ - 2010 2011 2012 2013 20
Slide 26: Shareholding Structure – June 2019
Shareholding Structure – June 2019 A. Braga Illa Managers 14,0% 4,0% Laserline SpA 26,5% Market 46,2% Treasury Shares 9,2% 26
Slide 27: Dividends & Shareholder's Return 2011-2019
Dividends & Shareholder‘s Return 2011-2019 DIVIDENDS + TREASURY SHARES • Dividends REPURCHASE (M€) • 2011: 1 € /share (extraordinary, rebased) • 2012: Free Share Distribution 1:1 • 2013: 0.20 € /share (rebased) 4,6 • 2014: Free Share Distribution 1:1 • 2014: 0.25 € / share 1,4 • 2015: Free Share Dis
Slide 28: Thank you for your attention!
Thank you for your attention! www.txtgroup.com Via Frigia, 27 20126 Milano Italy infofinance@txtgroup.com +39 02 257711 © TXT e-solutions – All rights reserved. Confidential and proprietary document. This document and all information contained herein is the sole property of TXT e-solutions . No inte
TXT e-solutions — Investor Presentation (October 2019) on 6ix