Nordhealth As · OSL:NORDH
Nordhealth As — H1 2021 Earnings Presentation
20 slides from Nordhealth As's earnings presentation, Sep 30, 2021
Slide 1: H1 2021 Presentation
[X) nordhealth H12021 Presentation September 30, 2021
Slide 2: Today's presenters
Today’s presenters Charles MacBain Valter Pasanen CEO CFO
Slide 3: Our vision
Our vision Empowering healthcare professionals to save time so they can focus on what matters most — delivering great care, great experiences, and growing their business
Slide 4: Nordhealth is the leading Nordic healthcare SaaS company
Nordhealth is the leading Nordic healthcare SaaS company W) Business overview P. ic company growing internationally Incubator + Nordhealth is a healthcare SaaS company founded in 2001 * We develop Electronic Health Record (EHR) and Practice Management Software (PMS) in attractive healthcare niches s
Slide 5: Our products
Our products IN Electronic Health . . . Occupational and Speech , Record Software Veterinary Physiotherapists therapists Psychotherapists World Leading position Leaders in Norway and Finland, aiming to expand Practice Management AgeiitimeniCehandtav Unified Communication Inventory management Invoici
Slide 6: Company updates
(X) nordhealth fo A Company updates Charles MacBain, CEO
Slide 7: KPIs performing according to plan for H1 2021
KPls performing according to plan for H1 2021 89% recurring revenue — 118% organic net retention rate H12021 vs. H12020 124% ARR growth H1 2021 vs. H1 2020 +18% organic customer recruitments H12021 vs. H12020 36% organic ARR growth H1 2021 vs. H1 2020 O=0 (()) S&% % . 3% organic ARR gross churn H120
Slide 8: Operational update
Operational update New hires Hired 3 new country managers to run our veterinary operations in USA, UK and Spain Promoted 2 therapy employees to country managers in Finland and Norway QOA i=s LIOO oor Newcustomerwins Newmarketentries New products + Won2 corporate chainsinthe US andlost + Entered the
Slide 9: Financial updates
(X) nordhealth CO OLIAO Financial updates Valter Pasanen, CFO
Slide 10: 124% YoY ARR growth
124% YoY ARR growth EURm Q2’20ARR NewsignedARR Netupsell Churn Q2’21 ARR excl. acquisitions Aquisitions Q2’21 ARR incl. acquisitions 10
Slide 11: 76% QoQ ARR growth
76% QoQ ARR growth EURm 22.4 Q?21ARR = Newsigned ARR Net upsell Churn Q2’21 ARR excl. acquisitions Aquisitions Q2’21 ARR incl. acquisitions 1
Slide 12: Strong H1 with 89% recurring revenues
Strong H1 with 89% recurring revenues Reported financials (EURm) a 8.1 7.2 65 H1 Adj. revenues of EUR 8.07 m, up 52% YoY 57 H1 Adj. recurring revenues of EUR 7.19m, up 5.3 53% YoY 47 H1 Adj. EBITDA growth rate of 56% YoY Revenues adjusted for consulting business divested in Q4/2020 EBITDA adjusted f
Slide 13: Solid uptick in Q2 2021 vs. Q2 2020
Solid uptick in Q2 2021 vs. Q@2 2020 Reported financials (EURm) #83%) + —— 48 43 * 2Q21 Adjusted revenue of EUR 4.78 m, up 83% YoY 26 * 2Q21 Adj. recurring revenue of EUR 4.26m, 26 up 73% YoY * 2Q21Adj. EBITDA growth rate of 74% YoY 11 0.6 2Q20 2021 HB Adj. revenue Adj. recurring revenue Adj. EBITDA
Slide 14: Strong cashflow generation
Strong cashflow generation w) EURm Hil Reported income Hl Adjusted EBITDA 13.0 {Adjusted free cash flow 2018 2019 2020 H12021 4
Slide 15: Profit & Loss Statement
Profit & Loss Statement Reported P&L - Group consolidated Unaudited Unaudited Unaudited ‘Audited EUR in thousands 221 HI21 H120 FY20 Recurring revenue 4258 7230 4868 10724 Other revenue 527 899 899 1960 Total revenues 4785 8129 5767 12.685 Other operating income 4 20 66 312 Material and services (91
Slide 16: Balance Sheet
Balance Sheet Reported balance sheet - Group consolidated Unaudited Audited EURin thousands 30 Jun'21 31Dec20 Intangible assets, 3057 2.435 Deferredtaxassets 14 ° Other capitalized long-term expenses 142 34 Goodwitl 43277 4135 Machinery and Equipment 534 306 Other shares and similar rights of owners
Slide 17: Cashflow H1/21
Cashflow H1/21 Reported cash flow statement - Group consolidated Unaudited Profit before income taxes (2048) Net financial items 178 Depreciation 1207 Change in inventory (4) Change in trade debtors (1236) Change in trade creditors 1107 Change in other provisions 318 Net cash flow from operations 23
Slide 18: Q3 2021 update
Q3 2021 update Q3 2021 update on 30 November 2021 ‘
Slide 19: Slide 19
Slide 20: nordhealth
[X) nordhealth