Gft Technologies Se · XETR:GFT

Gft Technologies — Investor Presentation (May 2023)

35 slides from Gft Technologies's investor presentation, May 2023

Slide 2: Our vision
Shaping the Our vision future of digital business We believe in a digital world in which the intelligent use of IT is a key success factor. Our vision is to simplify this world for our clients. We work side by side with our clients on digital transformation, enabling them to stay ahead of the compet
Slide 3: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results Q1/2023 4. Outlook gft.com May 2023 3
Slide 4: GFT at a glance FY 2022
Shaping the GFT at a glance future of digital business GFT at a glance FY 2022 GLOBAL WORKFORCE FY 2022 REVENUE FY 2022 ADJ. EBITDA FY 2022 8,842 FTE plus 1,275 contractors € 730 million € 86 million REVENUE BY MARKET FY 2022 REVENUE BY SECTOR FY 2022 REVENUE BY SERVICE FY 2022 72% BANKING 18% INSUR
Slide 5: Proven onshore-/nearshore delivery model with 10,000+ talents
Shaping the GFT at a glance future of digital business Proven onshore-/nearshore delivery model with 10,000+ talents Over 40% of revenues generated nearshore | Headcount 8,842 and 1,275 contractors UK (340) Germany (390) London Böblingen Manchester Bonn Constance Eschborn/Frankfurt Karlsruhe St. Geo
Slide 6: Strong partnerships with global leading cloud service providers
Shaping the Preliminary figures GFT at a glance future of digital FY 2022 business Strong partnerships with global leading cloud service providers ENABLE MIGRATE EVOLVE EMBRACE Cloud Services Framework RUN Delivering innovative products to solve complex problems  2,100+ experienced engineers  1200
Slide 7: Leading from the front
Shaping the GFT at a glance future of digital business Leading from the front Next generation banking with Thought Machine & GFT  No 1 point of contact worldwide for next generation banking  Most certified experts worldwide  4 centres of excellence globally  Experience in Asia, transferred to Eu
Slide 8: Our understanding of sustainability
Shaping the GFT at a glance future of digital business Our understanding of sustainability ENVIRONMENT SOCIAL GOVERNANCE Sustainability by Grow tech talent Professional integrity design worldwide 1000+ GreenCoding certificates 34 training hours per employee €0.00 legal costs for anticompetitive beha
Slide 9: GFT share – Increased dividend proposal
Shaping the GFT at a glance future of digital business GFT share – Increased dividend proposal GFT SHARE INDEXED 30/12/2021 08/05/2023 €46.15 €36.00 Free float 64.2% 10/05/2023 SHAREHOLDER Ulrich Dietz 26.3% 120% STRUCTURE Maria Dietz 9.5% 100% 80% DIVIDEND PER SHARE IN €CENT 45* 60% 35 30 30 30 20
Slide 10: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results Q1/2023 4. Outlook gft.com May 2023 10
Slide 11: Cloud business drives digital transformation revenues
Shaping the Growth path future of digital business Cloud business drives digital transformation revenues SMART TECHNOLOGIES Enabling and boosting transformation 9%  Highly innovative solutions with smaller project sizes 14% SMART TECHNOLOGIES  Includes: AI, DLT/Blockchain, AR/VR, Robotic Process P
Slide 12: Growth momentum in every vertical
Shaping the Growth path future of digital business Growth momentum in every vertical Banking – momentum in cloud and platforms Banking growth  Strategic investments in cloud partnerships paying off  Post pandemic digitising trend ongoing GFT: +27% Market: ~ +6%  New core banking platforms (smart
Slide 13: Investment case in detail
Shaping the Growth path future of digital business Investment case in detail Unique technology and sector expertise Highly attractive sales and earnings  Longstanding expertise in digital transformation potential for financial institutions  Accelerated growth due to high structural  Strong focus
Slide 14: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results Q1/2023 4. Outlook gft.com May 2023 14
Slide 15: Highlights Q1 2023
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Highlights Q1 2023 Solid growth in our key REVENUE ADJ. EBIT markets driven by continuing digitisation pressure € 191 million € 16 million Revenue +10% y-o-y REVENUE BY SECTORS GUIDANCE 2023 Adjusted EBIT +17% y-o-y REV
Slide 16: targens is a perfect strategic fit for GFT
Shaping the Q1 2023 results future of digital business targens is a perfect strategic fit for GFT REVENUE CONTRIBUTION EXPERTS FY 2023e 36% €~30 million ~300 SOFTWARE SOLUTIONS PRODUCT PORTFOLIO ENHANCED WITH LEADING COMPLIANCE SOFTWARE ‘SMARAGD Compliance Suite’ 2022  Used by 7 out of 10 German bi
Slide 17: Q1 key figures – double-digit sales and earnings growth
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Q1 key figures – double-digit sales and earnings growth in €m Q1/2023 Q1/2022 ∆  Revenue: +10% (thereof FX effects: +1%)  Order backlog slightly lower than Revenue 190.67 173.35 10% previous year Order backlog 355.72
Slide 18: Growth in all key markets
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Growth in all key markets Well-balanced client portfolio Solid growth in key markets Largest client with temporarily higher portion Banking +10% 45% 190.67 39% 173.35 10% 37% +24% 9% 18% 19% +4% 23% 19% 17% 17% 17% 16%
Slide 19: Revenue and earnings by segment
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Revenue and earnings by segment in €m Revenue Growth rates EBIT adjusted* Q1/2023 Q1/2022 Organic FX Total Q1/2023 Q1/2022 ∆% Americas, UK & APAC 116.56 106.59 8% 1% 9% 10.62 7.96 33% Continental Europe 73.93 66.69 11%
Slide 20: Revenue by markets
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Revenue by markets US business expanded by more than 60% share in % YTD in € m ∆% 30.30 Brazil 16% 30.30 -2% ↘ 30.77 28.72 UK 15% 28.72 -9% ↘ 31.60 22.45 Spain 12% 22.45 1% ↗ 22.27 20.87 USA 11% 20.87 62% ↗ 12.89 20.50
Slide 21: Income statement – increasing operating profitability
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Income statement – increasing operating profitability in €m Q1/2023 Q1/2022 ∆%  As expected, revenue growth boosted by Revenue 190.67 173.35 10% ongoing digitisation pressure from customers  Decline in other operating
Slide 22: Cash flow analysis (€m) – Solid net cash position
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Cash flow analysis (€m) – Solid net cash position 31/12/2022 Q1/2023 31/03/2023  Net cash stable at €29.65m (31/12/2022: €35.70m) | Solid financing structure; undrawn credit lines of €25.30m (31/12/2022: €51.31m) 32.22
Slide 23: Balance sheet (€m) – Stable asset structure
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Balance sheet (€m) – Stable asset structure  Balance sheet total essentially  Equity increased in essence by unchanged. Slight increase of 3% amount of net profit for the period of mainly due to pre-financing of 511.9
Slide 24: Attrition further reduced
Shaping the Interim statement Q1 2023 results future of digital Q1/2023 business Attrition further reduced Employees (FTE) Utilisation Attrition 8,766 8,842 8,792 8,451 91% 20% 90% 90% 19% 8,120 90% 18% 89% 16% 14% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q1/22 Q2/22 Q3/22 Q4/22 Q
Slide 25: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results Q1/2023 4. Outlook gft.com May 2023 25
Slide 26: Continued solid growth in 2023
Shaping the May 2023 Outlook future of digital business Continued solid growth in 2023 Growth remains our mission  Cloud technologies with biggest growth; AI, DLT/Blockchain rising  Clients' requests for digital transformation is increasing  GFT anticipates growth in every sector Resilience throu
Slide 27: Outlook FY 2023 confirmed
Shaping the Interim statement Outlook future of digital Q1/2023 business Outlook FY 2023 confirmed Revenue +16% EBIT adjusted* +19% EBT +9% in €m in €m in €m CAGR 18.6% CAGR 27.8% CAGR 39.5% 850 730 80 72 67 66 566 445 54 429 40 30 24 19 14 2019 2020 2021 2022 2023e 2019 2020 2021 2022 2023e 2019 20
Slide 28: Backup
Shaping the future of digital business Backup gft.com May 2023 28
Slide 29: Clients in 2022 – 44 new qualified clients
Shaping the Backup future of digital business Clients in 2022 – 44 new qualified clients Revenue Revenue 2014 20172015 20182016 2019 20172020 2018 2016 2021 2022 2019 2020* <<€1.0m €1.0m 252205 258 255 263 252 232 258345 263371 366 232 345 >>€1.0m €1.0m 38 20 35 30 48 38 52 35 45 48 56 5255 45 >>€5.
Slide 30: 10-year development
Shaping the Backup future of digital business 10-year development Revenue – 10y CAGR: +19.7% EBITDA adjusted – 10y CAGR: +25.3% 730 86 566 65 423 429 445 419 413 374 47 48 45 43 37 279 35 33 174 121 18 9 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012 2013 2014 2015 2016 2017 2018 2019 2
Slide 31: Consolidated income statement
Shaping the Backup future of digital business Consolidated income statement in € 2022 2021 ∆% Revenue 730,135,860.22 566,193,853.26 29% Other operating income 16,343,726.48 12,057,729.06 36% Cost of purchased services 105,082,742.59 82,709,825.41 27% Personnel expenses 478,966,235.22 380,390,036.54
Slide 32: Consolidated balance sheet
Shaping the Backup future of digital business Consolidated balance sheet Assets Equity and liabilities in € 31/12/2022 31/12/2021 ∆% in € 31/12/2022 31/12/2021 ∆% Non-current assets Shareholders’ equity Goodwill 123,968,225.19 124,422,830.73 0% Share capital 26,325,946.00 26,325,946.00 0% Other inta
Slide 33: Revenue and adjusted EBIT by quarter
Shaping the Interim statement Backup future of digital Q1/2023 business Revenue and adjusted EBIT by quarter Revenue in €m Adjusted EBIT* in €m 190.67 183.90 184.66 188.23 18.47 18.92 173.35 17.92 160.80 16.19 16.28 143.81 137.66 13.91 13.19 13.63 123.92 9.45 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/2
Slide 34: Calculation adjusted EBIT Q1/2023
Shaping the Backup future of digital business Calculation adjusted EBIT Q1/2023 in thsd. € Q1/2023 Q1/2022 Revenue 190,672 173,355 EBIT adjusted 16,279 13,910 M&A Earn-out 0 0 M&A Acquisition related costs -323 0 M&A Amortisation PPA -878 -1,161 Share-price related effects from valuation of manageme
Slide 35: Shaping the future of digital business
Shaping the future of digital business GFT Technologies SE GFT Technologies SE Dr Jochen Ruetz Andreas Herzog CFO Head of Investor Relations Schelmenwasenstr. 34 Schelmenwasenstr. 34 70567 Stuttgart 70567 Stuttgart T +49 711 62042-422 T +49 711 62042-323 jochen.ruetz@gft.com andreas.herzog@gft.com ©

GFT Technologies — Investor Presentation (May 2023) on 6ix

Gft Technologies — Investor Presentation (May 2023)

Slide 1: Investor presentation

Slide 2: Our vision

Slide 3: Agenda

Slide 4: GFT at a glance FY 2022

Slide 5: Proven onshore-/nearshore delivery model with 10,000+ talents

Slide 6: Strong partnerships with global leading cloud service providers

Slide 7: Leading from the front

Slide 8: Our understanding of sustainability

Slide 9: GFT share – Increased dividend proposal

Slide 10: Agenda

Slide 11: Cloud business drives digital transformation revenues

Slide 12: Growth momentum in every vertical

Slide 13: Investment case in detail

Slide 14: Agenda

Slide 15: Highlights Q1 2023

Slide 16: targens is a perfect strategic fit for GFT

Slide 17: Q1 key figures – double-digit sales and earnings growth

Slide 18: Growth in all key markets

Slide 19: Revenue and earnings by segment

Slide 20: Revenue by markets

Slide 21: Income statement – increasing operating profitability

Slide 22: Cash flow analysis (€m) – Solid net cash position

Slide 23: Balance sheet (€m) – Stable asset structure

Slide 24: Attrition further reduced

Slide 25: Agenda

Slide 26: Continued solid growth in 2023

Slide 27: Outlook FY 2023 confirmed

Slide 28: Backup

Slide 29: Clients in 2022 – 44 new qualified clients

Slide 30: 10-year development

Slide 31: Consolidated income statement

Slide 32: Consolidated balance sheet

Slide 33: Revenue and adjusted EBIT by quarter

Slide 34: Calculation adjusted EBIT Q1/2023

Slide 35: Shaping the future of digital business