Proact It Group Ab · OMXSTO:PACT
Proact It Group Ab — FY2018 Earnings Presentation
22 slides from Proact It Group Ab's earnings presentation, February 2019
Slide 1: Year-end report January – December 2018
Year-end report January – December 2018 Jonas Hasselberg, CEO and President Jonas Persson, CFO jonas.hasselberg@proact.eu jonas.persson@proact.eu www.proact.eu www.proact.eu
Slide 2: Agenda
AGENDA Proact & the market Special highlights Key figures Our customers The Proact share Summary
Slide 3: Proact at a glance
Delivering Over 5000 Listed company 850 people Over 40 Manage over agility since projects and with over glocal Offices in 100PB 1994 3500 customers €330m turnover organisation 15 countries critical data
Slide 4: Value proposition and strategic accelerators
Value proposition Being relevant IT Infrastructure, Professional Services, Support Managed Cloud Services Strong portfolio Private Loyal and satisfied customers Shared Thought leadership Public/Multi Application, vertical solutions & innovation Strategic accelerators Customer Cen
Slide 5: Market Trends and CIO Agenda
Heavy data growth with business-critical information Focus on generating business value & revenue Market Trends Stronger need to trust data & use information More focus on keeping up with speed of change More focus on hybrid delivery models Continued focus to modernize datacentre Stron
Slide 6: Key figures and Special highlight
Key figures and Special highlight
Slide 7: Key Q4 Messages
Cloud Services total contract value 176 MSEK Key Q4 Messages Profit margin full year 2018 5.1% Revenue growth Q4 2018 8% All-time high PBT full year 2018 . 168 MSEK
Slide 8: Previous financial goals achieved in 2018
SALES GROWTH PBT MARGIN EQUITY RATIO Previous TARGET OUTCOME* TARGET OUTCOME TARGET OUTCOME financial goals achieved in 2018 4% 4% 5% 5.1% 20-25% 21% RETURN ON EQUITY DIVIDEND TARGET OUTCOME TARGET OUTCOME >20% 29,8% 25-35% 30% SALES EBITA Net Debt/ ROCE DIVIDEND GROWTH MARGIN EBITDA Updated financi
Slide 9: Income Statement Q4 2018
Income Statement Q4 2018 Oct–Dec 2018 Oct–Dec 2017 (MSEK) System Sales 670.9 600.8 Services 295.2 290.0 Other 0.9 1.3 TOTAL REVENUE SYSTEM SALES SERVICES SALES Revenue Products and services 967.0 -751.3 892.1 -680.9 GROWTH MSEK GROWTH MSEK GROWTH MSEK Gross profit 215.7 211.2 Gross margin 22.3% 23.7
Slide 10: Income Statement FY 2018
Income Statement FY 2018 (MSEK) Jan–Dec 2018 Jan–Dec 2017 System Sales 2,174.6 2,132.8 Services 1,138.9 1,105.5 Other 4.2 5.1 Revenue 3,317.7 3,243.4 TOTAL REVENUE SYSTEM SALES SERVICES SALES Products and services -2,525.5 -2,491.3 GROWTH MSEK GROWTH MSEK GROWTH MSEK Gross profit 792.2 752.1 Gross m
Slide 11: Revenue & PBT in Q4
Revenue & PBT in Q4 Strong revenue growth of 8% driven by strong 2018 2017 October - December growth of 12% of system sales October - December Revenue growth in Nordics of 12% and PBT Revenue PBT Net Revenue PBT Net (MSEK) margin margin recovery after weak Q3, and result affected by Nordics 538
Slide 12: Revenue & PBT full year 2018
Revenue & PBT full year 2018 Full year revenue increased 2% with a negative 2018 2017 impact due to accounting principles of -178 January - December January - December MSEK Revenue PBT Net Revenue PBT Net (MSEK) margin margin 4% growth when adjusted for currency and Nordics 1,570 67.6 4.3% 1,652
Slide 13: Cash flow in Q4
Cash flow in Q4 Liquid Funds September 30, 2018 166 Positive change in working capital: +94 MSEK Cash-flow from current operations 166 Fixed assets; Proact Finance -9 MSEK Current operations 72 Less utilization of overdraft facilities: -48 MSEK Change in working capital 94 Cash-flow from inves
Slide 14: Cash flow full year 2018
Cash flow full year 2018 Liquid Funds December 31, 2017 220 Positive change in working capital: +34 MSEK Cash-flow from current operations 243 Fixed assets; Proact Finance –41 MSEK Current operations 209 Change in working capital 34 Acquisitions DE, VX, EE: -68 MEK Cash-flow from investment ac
Slide 15: Balance sheet
Balance sheet 2018 2018 2018 2018 2017 (MSEK) Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Total Assets 2,213 1,915 2,020 1,997 1,941 Solidity of 21% whereof Goodwill 393 399 403 401 385 whereof Intangible fixed assets 70 81 89 96 99 Cash position of 270 MSEK whereof Accounts receivables 613 451 536 557 5
Slide 16: The Proact share
The Proact share 2018 2018 Recommended dividend up 11% to 4.15 SEK December 31 September 30 (3.75) AB Grenspecialisten 11.1 % 11.1 % Livförsäkringsbolaget Skandia 10.9 % 10.9 % Proact share listed in Nasdaq Mid Cap UBS AG London Branch, W8IMY 8.1 % 8.1 % segment Länsförsäkringar Småbolag Sverige
Slide 17: Positive customer mix
Other Trading and 15 (14) % services Positive customer mix 23 (24) % Media 2 (4) % Bank and Finance Our target groups are data intensive 10 (9) % organizations across multiple industries, sizes and regions Oil and Energy 5 (5) % Broad reach across industries Public sector 23 (18) % Manufacturing
Slide 18: Summary
Summary Financial targets achieved Strong Q4 result All-time-high profit before tax All-time-high Cloud sales Net margin of 5.1%
Slide 19: New wins this quarter
New wins this quarter Managed service approach and business cloud alignment consultancy rejuvenate Haag Wonen’s IT Proact steers digitalisation at Ambientia with software-defined data centre technology Proact transforms IT architecture to support growth initiatives at Howard Sign up to our Ken
Slide 20: New Case Study highlight
New Case Study highlight Colly Company had adopted a cloud strategy which required a step-by- step migration from their on-premises IT infrastructure. Our solution is now delivering storage, backup and disaster recovery functionalities in ” a cloud-ready environment, allowing Colly Company to retain
Slide 21: New Case Study highlight
New Case Study highlight Proact designed and implemented a solution based on NetApp HCI, an enterprise-scale hyper-converged infrastructure that delivers predictable performance on a highly flexible, efficient architecture. ” Proact’s recommended solution also match Get’s other specifications for th
Slide 22: Proact
PROACT