Slide 1: FY2020 9 Months Results
FY2020 9 MONTHS RESULTS November 9, 2020 Daniele Misani, CEO Eugenio Forcinito, CFO Andrea Favini, IR
Slide 2: Interim Results: 9 months 2020 vs. 9 months 2019
Interim Results: 9 months 2020 vs. 9 months 2019 Results of 9m-2020 show a strong growth in Revenues & EBITDA, with software revenues and EBITDA increasing +10% YoY and +28% YoY respectively Revenues from Software EBITDA Revenues (€mn) (€mn, % on total revenues) (€mn, % on total revenues) +12% 47.8
Slide 3: Historical results & Value creation
Historical results & Value creation 9M-2020 9M-2019 9M-2018 9M-2017 Revenues 47.8 42.5 28.6 26.0 * CAGR BUSINESS GROWTH Growth +12.4% +48.6% +10.0% n.a. 22,5% EBITDA 6.1 4.8 2.8 2.6 * Margin 12.8% 11.3% 9.9% 10.1% CAGR MARGIN 32,6% EXPANSION Growth +27.5% +69.6% +7.9% n.a. Net profit 3.6 3.1 2.2 1.0
Slide 4: Profit & Loss details
Profit & Loss details 9 MONTHS 2020 Q3 2020 € thousand 9m 2020 % 9m 2019 % Var % € thousand Q3 2020 % Q3 2019 % Var % REVENUES 47,826 100.0 42,534 100.0 12.4 REVENUES 15,718 100.0 15,538 100.0 1.2 Direct costs 26,345 55.1 23,560 55.4 11.8 Direct costs 8,258 52.5 8,296 53.4 (0.5) GROSS MARGIN 21,482
Slide 5: Net cash: strong and solid financial position
Net cash: strong and solid financial position Euro million 30.09.2020 31.12.2019 Var Cash 20.0 11.4 8.6 Trading securities at fair value 67.9 87.3 (19.4) Cash & Cash equivalents 87.9 98.7 (10.8) Short term bank loans (23.1) (17.4) (5.7) IFRS 16 loans (1.3) (1.3) 0.0 Pace Put/Call option - (5.9) 5.9
Slide 6: Diversification: Group's Divisions & Markets
Group’s Divisions & Markets Core markets Turnover EBITDA margin International Revenues Turnover EBITDA margin In 3Q 2020 first Revenues 9m-2020: 9m-2020: revenues: breakdown 9m-2020: 9m-2020: international breakdown Software revenues with: Software Advanced services Advanced services Projects Projec
Slide 7: Business Resilience during COVID-19 outbreak
Business Resilience during COVID-19 outbreak Thanks to the diversification strategy and core processes expertise in different markets and segments, the TXT Group recorded positive trends during the Covid-19 outbreak Resilient businesses Businesses most impacted by crisis FinTech: Airlines market (ci
Slide 8: Key milestones & Extraordinary Transactions
Investments in Key milestones & Extraordinary Transactions FinTech Banking & Finance R.: €3mn in FY17 M&A R.: €9mn in FY18 Swiss FinTech: IT Governance & Aerospace & Aviation R.: CHF5mn in FY19 R.: €7mn in FY15 Digital Transformation R.: €12mn in FY19 2018 Other key 1989 2000 2016 2017 2019 9m 2020
Slide 9: Diversification by Geography
Diversification by Geography • 20+ year presence in Swiss Market (founded 1998) • Committed management (1.7% stake in TXT) • Synergic in offering, complementary in Geography • SW Quality, SW Factory, AI, Blockchain • Up-sell opportunities for our Fintech product portfolio Revenues * EBITDA * Net pro
Slide 10: Strengthen the offering, diversify the markets
Strenghten the offering, diversifiy the markets • 10 year growing presence in Italian Market • Customers: Poste Italiane, INAIL, ARIA, ICCREA Bank & more • Committed management (2.3% stake in TXT) • Strong in Cybersecurity, AI, Data Analytics, XR, Blockchain, IT Governance & Service management • Pro
Slide 11: New market opportunities and extended offering
New market opportunities and extended offering 11
Slide 12: Shareholding Structure, Dividends & Shareholder's Return
Shareholding Structure, Dividends & Shareholder‘s Return Dividends and Treasury Shares Repurchase (€m) Shareholding Structure Sep 30th, 2020 16.3 18 16 A. B. Illa Kabouter 5% 14 4.6 Management 11.7 Treasury 12 LLC Shares 1.4 9% 10 10% 8 6.8 1 Laserline SpA 6 11.7 10.3 3.7 3.7 3.8 26% 4 3.2 3.2 1 0.8
Slide 13: Business Overview
Business Overview
Slide 14: Aerospace & Aviation
Aerospace & Aviation: Proprietary products, Solutions and Specialized services On-board Software 28% TOP CUSTOMERS Product Development Preliminary Design 7% & Evaluation Product 21% Configuration Customer Engineering & Manufacturing Digital 10% Manufacturing Training & 25% Simulation Aircraft Operat
Slide 15: FinTech
FinTech: New Proprietary Solutions and Platforms, Best-in-class SW quality services Best-in class solutions for: test strategy, development, execution, automation, and First mover & Italian TOP CUSTOMERS Software Quality for test environments administration. leader in Software 75% Services Strong te
Slide 16: Some Examples of TXT's Best-in-class Solutions
Some Examples of TXT’s Best-in-class Solutions Aerospace & Aviation FinTech Anti Money Laundry, Anti- Extended Reality Collaboration & XR Digitisation of daily transactions Corruption, Anti-Terrorism • Pacelab WEAVER: the best-in-class • Product configuration with • Modular software solutions for ri
Slide 17: Thank you for your attention!
Thank you for your attention! www.txtgroup.com Via Frigia, 27 20126 Milano Italy infofinance@txtgroup.com +39 02 257711 © TXT e-solutions – All rights reserved. Confidential and proprietary document. This document and all information contained herein is the sole property of TXT e-solutions . No inte