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Slide 2: Financial Statement Release January - December 2023
2 Financial Statement Release 1 January - 31 December 2023 Julius Manni, CEO Kimmo Kärkkäinen, CFO
Slide 3: Julius Manni, Chief Executive Officer
3 Julius Manni Chief Executive Officer
Slide 4: Highlights 2023: Positive cash flow, growth declining
4 HIGHLIGHTS 2023 01. 02. 03. Positive cash flow, Operating environment Moving up the customer growth declining challenging value chain ● Revenue was EUR 98.1 million ● Changes in customer ● Progress in many areas: (84.8), increased 15.7%. demand and strong price developing new commercial However, r
Slide 5: Selected customer cases
5 SELECTED CUSTOMER CASES Composable commerce and Riding the wave with SAP S/4HANA Investments in AI capabilities winning experiences Cloud ERP and tools continue Renewal of Verkkokauppa.com online store, to Greenfield SAP S/4HANA Cloud implementation Our project with construction company SRV create
Slide 6: The Numbers
6 THE NUMBERS 31 July–31 December 2023 / 1 January–31 December 2023
Slide 7: Combined pro forma revenue & adjusted EBIT
7 COMBINED PRO FORMA REVENUE & ADJUSTED EBIT 100.5 98.1 100.0 88.6 25.0% 70.6 20.0% 80.0 66.7 60.1 60.0 15.0% 40.0 10.0% 14.5% 11.8% 9.6% * 20.0 7.2% 5.0% 6.1% * 3.4% M€ 0.0 0.0 2018 2019 2020 2021 2022 2023 VINCIT BILOT Adjusted EBIT % Revenue (M€) VINCIT 2023 *) 2022 & 2023 Adjusted EBIT before no
Slide 8: Vincit Group revenue and EBITA
VINCIT GROUP July-December 1-12/ 1-12/ 7-12/ 7-12/ Change % Change % ➔ Revenue was EUR 45.3 million (49.0). Revenue declined 2023 2022 2023 2022 by EUR 3.7 million, or 7.6%. M€ ➔ EBITA was EUR -0.5 million (0.6), or -1.1% (1.3%) of revenue. ➔ Adjusted EBIT before non-recurring items was EUR 1.2 Reve
Slide 9: Business areas
BUSINESS AREAS M€ 1-12/ 1-12/ H2/ H2/ Change Change Service business 2023 2022 2023 2022 Revenue 95.1 82.3 15.6% 43.8 47.8 -8.3% Adj. EBIT* 3.9 5.2 -25.8% 1.6 2.5 -35.8% *Before non-recurring items % of revenue* 4.1% 6.3% 3.7% 5.3% *Before non-recurring items 1-12/ 1-12/ H2/ H2/ Product business Cha
Slide 10: Service business: Europe & USA
SERVICE BUSINESS: EUROPE & USA M€ 1-12/ 1-12/ H2/ H2/ Change Change Vincit Europe 2023 2022 2023 2022 Revenue 86.1 71.9 19.7% 39.5 42.6 -7.3% Adj. EBIT* 3.8 4.3 -11.7 % 1.5 2.6 -42.4 % *Before non-recurring items % of revenue* 4.4% 6.1% 3.8% 6.0% *Before non-recurring items 1-12/ 1-12/ H2/ H2/ Vinci
Slide 11: Financing
11 FINANCING Strong balance sheet enables continuing M&A efforts. 31. Dec. 2023 31 Dec. 2022 ➔ The balance sheet total at the 12.2 10.3 Cash & cash equivalents, M€ end of the financial year was EUR 57.0 million (Dec. 31, 2022: 62.0). ➔ Cash flow from operating Interest bearing, net debt, M€ 0.1 0.2
Slide 12: Dividend proposal
12 DIVIDEND PROPOSAL • Dividend policy: to distribute at least 30 % of the profit for the financial period as dividends • Distributable funds: EUR 36.7 million • Vincit’s earnings per share was EUR -0.15 (-0.02) • Dividend proposal: EUR 0.10 (0.15) per share, in total EUR 1.7 million to be paid as d
Slide 13: Outlook 2024
13 OUTLOOK 2024 With a lower headcount than last year, revenue in 2024 is expected to be lower than in 2023, but relative profitability is expected to improve year-on-year.
Slide 14: Why Vincit? Unique combo for customer value
14 WHY VINCIT? 01. 02. 03. Unique combo for Growth opportunities in Employer brand among customer value the USA and Nordics the best in the industry A comprehensive lifecycle of A solid basis for profitable Award-winning services, with unique organic growth in the organizational culture, combination
Slide 15: Q&A
15 Q&A
Slide 16: Thank you
THANK YOU vincit