Profile Systems & Software S.a. · ATHEX:PROF
Profile Systems & Software — Profile Software — Investor Presentation (April 2022)
25 slides from Profile Systems & Software's investor presentation, Apr 13, 2022
Slide 1: Corporate Presentation
Corporate Presentation INVESTOR RELATIONS | OVERVIEW
Slide 2: Disclaimer
Disclaimer This document has been created by Profile Software (Profile) in order to be used for specific purposes in corporate presentations. The information included in this presentation has not been reviewed by an independent authority. No belief, position or opinion expressed should be based on t
Slide 3: Agenda
Agenda Overview Market trends Financials 3
Slide 4: Company at a glance
Company at a glance 30+ 45 300+ 17% ~1tr Years of Countries of Clients CAGR 2016-21 AUM experience presence on our software(s) 4
Slide 5: Solutions at a glance
Solutions at a glance Investment Banking Large Scale Projects 5
Slide 6: Investment Management Solutions
Investment Management Solutions Wealth Management Custody Asset & Fund Management Advanced Wealth Mgmt & Automated Custody Operations Operations in one Platform Robo • Full trade life cycle • Funds management & administration • Asset allocation analysis • Corporate actions & fees management • Compli
Slide 7: Banking Solutions
Banking Solutions Digital Banking Core Banking Treasury Management Risk Management Digital Banking in-a-box Secure and flexible Core Turn-key Treasury Platform Regulatory Compliance banking & payments • Go-Live fast, with low risk • With flexible yet powerful • Complete STP for all Treasury • Effect
Slide 8: Indicative Clientele
Indicative Clientele Europe MEA, APAC Americas 8
Slide 9: Large Scale projects - RRF
Large Scale projects - RRF Ministry of Digital Ministry of Finance Ministry of Justice Ministry of Public Governance Administration Ministry of Labour Ministry of Ministry of Ministry of & Social Security Transportation Maritime Affairs Education Banking platforms Payment systems Public Debt managem
Slide 10: 2021 Financial Highlights
2021 Financial Highlights €15 mil. € 20 mil. >100% ~27% ~65% (+33%) Growth since last Recurring Sales 2020 Sales 2021 EBITDA Margins 5 years Revenues Cash € 16 20%-25% mil / Net € 9 ~70% € 13 mil mil. (+46%) Solid balance International New Contract R&D Investments sheet Sales awards 10
Slide 11: 2021 Business Highlights
2021 Business Highlights Clients Products Corporate 23 New contracts 3 major product launches 1 Successful M&A Adding 7m Euros, 60 clients and Finuevo : the mobile-first digital new markets, footprint in Nordics banking in-a-box platform addressing to any Incumbent Bank, 150 Neobanks, 4k+ Credit Pro
Slide 12: Presence in 45 countries
Presence in 45 countries Entities in 10 Key financial centers • Athens, Greece • Thessaloniki, Greece • London, UK • Paris, France • Stockholm, Sweden • Oslo, Norway • Dubai, UAE • Nicosia, Cyprus • Miami, USA • Singapore 12
Slide 13: Industry Recognition
Industry Recognition Awards Received Included in Reports 13
Slide 14: ESG Pillars
ESG Pillars We build on a positive impact on the environment and communities creating shared value for the society. Responsibility Sustainability Actions Environmental footprint Environment Following specific protocols, we reduce the environmental impact of our operations and our cloud-based platfor
Slide 15: Agenda
Agenda Overview Market trends Financials 15
Slide 16: Banking & Wealth industries under Transformation
Banking & Wealth industries under Transformation Total banks’ IT spend Product offering and ecosystem Wealth managers growth & potential (in USDbn, 2021) (% of survey respondents) (in USDbn, 2021) Core banking 21.8 23% system Channels - 10,000 18% 9,129 mobile /… 9,000 8,043 114.9 BI / big data / 8,
Slide 17: End Customer Profile Software
Profile at the Technology Forefront Profile provides a flexible and lean KYC / On-boarding Profile Software middleware solution to open up End Customer traditional legacy systems for the world of micro services and Open Finance Payments / Transfers APIs Data & Analytics Cloud-based - Saas Investment
Slide 18: Agenda
Agenda Overview Market trends Financials 18
Slide 19: Strong & Balanced Growth
Strong & Balanced Growth 25.0 Sales by Product New Contracts Highlights €20,0m, +33% €12,7 mil., +46% 20.0 €15,0m • 23 new contracts of €13 mil €8,7 mil., value, +46% from last year 15.0 million € 10.0 • New blue-chip clients 5.0 • Strong recurring revenues of c.65% 0.0 2020 2021 FY'2020 FY'2021 • I
Slide 20: Significant Profitability
Significant Profitability Profitability Highlights 8.0 7.0 6.0 +29% • Scalable and agile business to 5.0 perform in larger operational 5.4 demands million € 4.0 +208% 3.0 +230% 2.0 4.2 R&D investments • Profitability allows R&D 8.0 40.0% 1.0 2.7 2,2 investments of >20% 1.3 0.9 35.0% 0.0 2020 2021 6.
Slide 21: Solid Balance Sheet
Solid Balance Sheet 50.0 Balance sheet - Assets 50.0 Highlights 40.0 40.0 15.6 Ratios • Strong balance sheet to 30.0 30.0 16.0 finance investment plans 3.00 5.1 20.0 3.7 20.0 5.4 5.4 • Generation of FCF’s with 2.00 10.0 10.0 EBITDA conversion of c.60% 15.4 12.2 1.00 0.0 2020 2021 0.0 • Net cash €9 m
Slide 22: Looking Forward Highlights
Looking Forward Highlights * RRF is budgeted c.€2 bn for SW & technology; * Financial software markets expected * Targeted projects of €60- to double in next €100 mil during 2023-2026 * Higher investments in the Greek financial & 3-5 years; banking market; * Further disruption in * Cross selling in
Slide 23: Strategy
Strategy KPIs Transformation Fintech oriented Products, Dynamic & Proprietary Technologies, Growing market share Successful implementations, For 3 decades New Geographies Healthy Profitability, Strategic M&A in the R&D ~20-25% next 2 years, EBITDA 27% Focused Vision, Time-to-market New Opportunities
Slide 24: Comparative Multiples
24 Comparative Multiples Profile Multiples 12.0x 10.0x 8.0x 6.0x 4.0x 2.0x 0.0x 2021 2022F 2023F 2024F EV / Ebitda (x) EV / Sales (x) Strong growth potential on 35.0x Multiples 30.0x 25.0x 21.0 20.0x 17.5 19.0 15.0x 10.0x 6.0 3.6 5.0 5.0x 0.0x EV/Sales EV/Ebitda MSCI Europe IT Financial Solutions Hi
Slide 25: Thank you!
Thank you! info@profilesw.com www.profilesw.com
Profile Software — Investor Presentation (April 2022) on 6ix