Slide 1: Next-generation internet infrastructure
Next-generation internet infrastructure September 2024
Slide 2: About us
About us DHH S.p.A. (DHH.MI) (ISIN shares IT0005203622) is dedicated to reshaping internet infrastructure by integrating next-generation technology and artificial intelligence.
Slide 3: From startup to publicly listed multinational in European internet infrastructure
35,1 33,7 From startup to publicly listed multinational 28,6 in the European internet infrastructure industry 19,6 12,1 10,4 9,2 6,8 6,9 7,4 5,3 6,0 3,5 3,9 1,8 0.0 0,4 0,5 0,5 0,5 July 2015 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM 2024 (million EUR) Net sales EBITDA
Slide 4: Key KPIs: revenue, gross margin, EBITDA, net income
KPIs – 3 YEAR CAGR Total revenue Gross margin EBITDA Net income Strong sales growth reflects Solid income growth, Higher operational efficiency Efficient cost control, successful market expansion. demonstrating effective with increased profitability ensuring healthy net profit sales cost management.
Slide 5: Recurring revenue, operating cash flow, distributed customer base
Recurring revenue Operating cash flow Distributed customer base of Most of our turnover is recurring, providing High operating cash flow enhances financial A distributed customer base reduces revenue predictable income, better financial planning, flexibility, allowing for reinvestment, debt risk, en
Slide 6: Core business
Core business We provide comprehensive internet infrastructure services, helping businesses manage and expand their digital presence. Our offerings include cloud computing, cloud hosting, business connectivity, datacenter & networking, and Al infrastructure, all available through subscription models
Slide 7: Integrated internet infrastructure technologies
3 YEAR CAGR Cloud Computing Cloud Hosting Business Connectivity Datacenter & Networking What It Is: Cloud computing delivers What It Is: Cloud hosting uses a network What It Is: Business connectivity refers What It Is: Datacenters house on-demand resources like servers, of interconnected servers to
Slide 8: Target markets with significant growth prospects
Our internet infrastructure technologies, including cloud computing, cloud hosting, business connectivity, datacenter and networking, and AI infrastructure, target high-potential markets with significant growth prospects. Cloud Computing Cloud Hosting Business Connectivity Datacenter & Networking Th
Slide 9: Competing as a regional player in the Mediterranean area
As a regional player in the Mediterranean area, we compete against global and local firms in cloud computing, cloud hosting, business connectivity, datacenter & networking, and AI infrastructure. Here’s how we differentiate ourselves in each segment. Cloud Computing Cloud Hosting Business Connectivi
Slide 10: Our organization model
Our organization model We are structured as a group of independent entities coordinated by a holding company that provides strategic guidance, governance, and oversees administration and finance, while allowing each company to remain operationally autonomous. This decentralized organization promotes
Slide 11: Benefits of decentralized organization
Agility and Responsiveness: Decentralized organizations can quickly adapt to local market changes and customer needs, as decision-making occurs at the local level, fostering flexibility and innovation. Empowerment of Local Leaders: By granting autonomy, decentralized organizations empower local lead
Slide 12: Knowledge sharing and accelerated innovation
Accelerated Innovation: Sharing successful strategies and technologies across companies speeds up innovation and collective improvement. Efficient Problem-Solving: Learning from each other’s challenges reduces trial and error, making problem-solving more efficient. Enhanced Competitiveness: Access t
Slide 13: Minority stakes
87 50 Minority stakes: Materialuce Srl – 4,54% Icona Technology SpA – 4,35%
Slide 14: Growth strategy
Growth strategy
Slide 15: Improving organic growth of portfolio companies
We improve the organic growth of our portfolio companies working on marketing and product innovation: Increasing ARPU through Premium Products: We focus on expanding our value proposition by shifting towards premium, value-added products within a higher price range. This strategy aims to provide cus
Slide 16: Acquisitions as a key component of strategy
Acquisitions are a key component of DHH's strategy, supported by strong cash flow generation. Value Creation Through Expansion Deals We aim to significantly enhance the intrinsic value of acquired companies shortly after the acquisition, focusing on: Fair Valuation: Accurate Financial Representation
Slide 17: Acquisition criteria: expansion, consolidation, start-ups
Criteria 1. Expansion 2. Consolidation 3. Start-ups Objective Entering in new geographies, or Increasing market share in the current Investing at least EUR 1M in worldwide expanding into contiguous market company's reference market, acquiring innovative segments by acquiring growing and cash small t
Slide 18: Key financials
Key financials
Slide 19: Business steadily growing at double digit rate since foundation
Business has been steadily growing at double digit rate since foundation from EUR 4M turnover as of FY16 to roughly EUR 35M in FY23, thanks to the multidimensional – internal & external - approach to growth, and to the overall improvement of industry KPIs, which led to a customer base of around 125.
Slide 20: The company keeps growing in a challenging environment
The company keeps growing in a challenging environment (Net Sales at EUR 18M, +9% YoY), EBITDA is growing even more than proportionally (EUR 6M, +40% YoY), Subscription based business model generates sound Operating Cash Flow (EUR 5,3M, EBITDA Cash conversion rate at 89%) and Financial structure rem
Slide 21: Consolidated Net Sales
Consolidated Net Sales: Increased to EUR 18M in H124 from EUR 16,5M in H123, marking a growth of 9%. This increase is attributed mainly to: • A 9% rise in the Cloud Computing segment, contributing EUR 7M to total revenue (38% of total turnover) and supported by the new products' double/triple digit
Slide 22: Consolidated EBITDA, EBT and Net Profit
Consolidated EBITDA: Consolidated EBT and Net Profit: Increased from EUR 4,3M in H1 2023 Both indicators substantially grew in to EUR 6M in H124 with an EBITDA H124. Consolidated EBT rose from EUR margin of 33%. 1,1M to EUR 3,1M, while Consolidated This improvement reflects the scalability Net Profi
Slide 23: Shareholder structure and management
Tamara Arduini CFO of DHH and CFO of Free float Antonio Domenico 1.122.323 shares Baldassarra 22,94% 1.642.947 shares Antonio Baldassarra CEO of DHH 33,58% Treasury shares Founder and CEO of 25.188 shares 0,51% Matija Jekovec 5,02% Alkemia SGR S.p.A. COO of DHH “PIPE” fund (*) Co-Founder of 5,47% 24
Slide 24: Measures to reduce environmental impact and cut emissions
Through our subsidiaries, we have initiated several measures to reduce environmental impact and cut emissions. Key initiatives include: Seeweb's commitment to In 2023, Connesi installed heat Seeweb has set ambitious goals Connesi is also transitioning its operating its server farms pumps and a photo
Slide 25: Stock details, financial calendar, contacts
Stock details Financial calendar Contacts List of parties • Listing Euronext Growth Milan • November 22, 2024 Address: • Euronext Growth Advisor BoD meeting reviewing the via Caldera 21, 20153 Milan EnVent Italia SIM S.p.A. • ISIN ordinary shares 3Q2024 Phone: • SPECIALIST IT0005203622 +39 02 873651
Slide 26: Appendix
Appendix
Slide 27: Consolidated Income Statement
Appendix | CONSOLIDATED INCOME STATEMENT CONSOLIDATED INCOME STATEMENT CONSOLIDATED CONSOLIDATED DELTA (Allamounts are in EURO) 30.06.2024 30.06.2023 Net Sales 17.956.008 16.520.449 9% Other Revenues 446.594 556.778 -20%| ‘TOTAL REVENUES 18.402.602 17.077.227 8% Material costs (1.412.017) (1.074.663
Slide 28: Consolidated Net Financial Position
Appendix | CONSOLIDATED NET FINANCIAL POSITION pul CONSOLIDATED NET FINANCIAL POSITION CONSOLIDATED. CONSOLIDATED. DELTA (All amounts are in EURO) 30.06.2024 31.12.2023 A. Cash (13.175.442) (10.193.810) 29%) B. Cash equivalents - - C. Other current financial assets (459.532) (204.353) 125% D. LIQUID
Slide 29: Cash Flow Statement
Appendix | CASH FLOW STATEMENT pul CASH FLOW STATEMENT CONSOLIDATED CONSOLIDATED DELTA (ALL AMOUNTS ARE IN EURO) 30.06.2024 30.06.2023 |. CASH FLOW FROM OPERATING ACTIVITIES Profitfor period 2.008.420 313.512 541% Income taxes 1.076.881 808.436 33% interest payables/(receivables) 400.652 355.454 13%