Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q2 2024 Earnings Presentation
18 slides from Arribatec Group ASA's earnings presentation, 2024
Slide 1: Quarterly presentation Q2 2024
Content classified as Confidential. Quarterly presentation Q2 2024 Geir Johansen, CEO Content classified as Confidential.
Slide 2: Highlights Q2
Content classified as Confidential. Highlights Q2^ ⁃ Quarterly revenue of NOK 150m (148m) and + 1.0% change compared to Q2 last year ⁃ Adjusted EBITDA for the quarter was NOK 3.4m (8.4m) ⁃ NOK 3m in one-off cost items ⁃ EBITDA at break-even for Q2, a reduction of NOK 8m compared to a year ago ⁃ All
Slide 3: Revenue and EBITDA Q2-24
Content classified as Confidential. Revenue and EBITDA Q2-24 Revenue Recurring EBITDA NOK 150m (148m) NOK 64m (54m) Adj. EBITDA NOK 3.4m (8.4m) +1% qrt/qrt +19% qrt/qrt EBITDA NOK 0.4m (8.4m) 43% of total revenue Margin 0.3% (up from 36% in q2-23) NORWAY Cont. EUROPE UK & US Revenue NOK 106 (89m) Re
Slide 4: H1 2024 revenue similar to H1 2023 level
Content classified as Confidential. H1 2024 revenue similar to H1 2023 level Revenue Recurring EBITDA H1-24 NOK 295m (298m) NOK 124m (105m) NOK 0.4m (13.7m) -1% h1/h1 +19% h1/h1 Margin 0.3% 42% of total revenue Adj. EBITDA NOK 4.6m (13.7m) Content classified as Confidential. 4
Slide 5: Offices around the globe, employees across business areas
Content classified as Confidential. 17 350+ 1700+ Offices around Employees across Clients across the globe business areas* industries 5 Content classified as Confidential. * Includes long term hired in consultants
Slide 6: Arribatec's five business areas
Content classified as Confidential. ~180 pax Arribatec’s five business areas ^ Business Services 45% 18% 24% ~70 pax EA & BPM 10% 3% Cloud ~55 pax Marine Hospitality ~34 pax ~15 pax Content classified as Confidential. 6
Slide 7: Products & services
Content classified as Confidential. Products & services ^ Business Services EA & BPM Cloud Hospitality ERP Management systems • IT outsourcing Digital hotel solutions • Consulting & advisory • Consulting & advisory • Hybrid & public cloud • Self-service kiosks with own IP for check-in/out and paymen
Slide 8: Q2-24 performance per business area vs. Q2-23
Content classified as Confidential. Q2-24 performance per business area vs. Q2-23 BizS EA-BPM Cloud -10.8% 9.7% -5.1 % 10.3% 12.4% 6.8% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 68m* 6.6m** 26.7m* 2.7m** 35.9m* 2.4m** Revenue EBITDA Revenue EBITDA Revenue
Slide 9: Revenue development for each BA per quarter
Content classified as Confidential. Revenue development for each BA per quarter ^ Total 37% 35% 38% 43% 38% 34% 35% 41% 41% recurring % Outside 40% 41% 40% 38% 39% 33% 30% 29% 38% Norway 150 150 148 143 145 160 140 9 10 120 1 13 132 11 118 13 140 MARINE 8 2 7 15 1 13 6 13 32 HSPT 13 2 1 30 32 120 1
Slide 10: Sales - new contracts and scope extensions
Content classified as Confidential. Sales - new contracts and scope extensions ^ Q2: 441 contracts for a total value of NOK 194 million (121m in Q2-23) +60% 220 215 150 137 200 191 194 180 160 135 138 100 140 128 121 120 100 93.5 64 86.2 80 62.8 50 60 40 21 22 23 17 12 13 20 4 4 0 0 Q1-22 Q2-22 Q3-2
Slide 11: Cash flow development
Content classified as Confidential. Cash flow development ^ 62 24 • Net cash flow from operation was NOK -22m for Q2 2024. 12 • Change in contract assets NOK -13.3m • NOK 13.1 VAT paid for annual license -12 4 -14 paid by customers in Q1 42 0 -6 -3 40 2 0 39 1 39 • Net cash flow from financing was N
Slide 12: Balance sheet development
Content classified as Confidential. Balance sheet development ^ Liabilities & Equity Assets 501 511 501 511 Equity Goodwill Non/current Intangibles Current Other non-current 246 206 207 Other current 262 Trade receivables NOK mill. Cash 47 96 91 50 29 32 39 47 219 189 91 103 39 30 y.e.2023 Q2-24 y.e
Slide 13: Outlook
Content classified as Confidential. Outlook • Robust demand for cloud services will drive growth for our cloud- and managed IT-services • Cloud migrations and related digital transformation projects are expected to increase • Hospitality will grow as SaaS revenue base is building – further consultin
Slide 14: Content classified as Confidential. Content classified as Confidential.
Content classified as Confidential. Content classified as Confidential.
Slide 15: Condensed consolidated statements of profit and loss
Content classified as Confidential. Condensed consolidated statements of profit and loss Content classified as Confidential. 15
Slide 16: Consolidated statements of financial position
Content classified as Confidential. Consolidated statements of financial position Content classified as Confidential. 16
Slide 17: Consolidated statements of changes in equity
Content classified as Confidential. Consolidated statements of changes in equity Content classified as Confidential. 17
Slide 18: Consolidated cash flow statement
Content classified as Confidential. Consolidated cash flow statement Content classified as Confidential. 18