Slide 1: Interim Report January – March 2025
Interim Report January – March 2025
Slide 2: Presentation of Addnode Group's Interim Report
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Presentation of Addnode Group’s Johan Andersson Interim Report President and Chief Executive Officer January – March johan.andersson@addnodegroup.com 2025 +46 70 420 58 31 Kristina Elfström Mackintosh Chief Financial Officer kristina.mackintosh@addnodeg
Slide 3: Agenda
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Agenda 1. Addnode Group Interim Report 2. Q1 2025 January – March 2025 3. Divisions 4. Financials 3. Q&A 4. Appendix • Addnode Group in Brief and 5yr Key Figures • Acquisitions 2022 – 2024 • Shareholders, March 31, 2025 • Share performance, 1 year 3
Slide 4: Q1 2025
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Slide 5: Addnode Group
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Addnode Group Breakdown of net sales by geography Breakdown of net sales by category Q1 2025 Q1 2025 Other Sweden Other Licenses Germany 15% 36% 2% 2% 12% Services 33% Recurring revenue 63% UK USA 14% 23% 5
Slide 6: Highlights Q1 2025
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Highlights Q1 2025 Q1 Q1 Change R12 Change 2025 2024 (%) 2025 2024 (%) Net sales, SEK m 1,4611) 2,409 -39 6,809 7,757 -12 Gross profit, SEK m 1,122 1,101 2 4,219 4,198 1 Gross margin, % 76.8 45.7 62.0 54.1 2) EBITA, SEK m 217 253 -14 827 863 -4 2) EBITA
Slide 7: Acquisitions 2025
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2025 Congere (Sweden) Railit (Sweden) Pcskog (Sweden) • 22 employees and net sales of SEK 25 m. • 6 employees and net sales of SEK 14 m. • Net sales of SEK 10 m. • Systems and applications for the defence industry. • Innovative SaaS solutio
Slide 8: Acquisition Timeline
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisition Timeline 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 Technia Centus IT-Energy Arkiva Cad Teknikk Alarmos 5D System- Cadassist UniZite Claytex Optimec Ida Infront Ravalik Athena Spatial EG konsult Landborgen Excitech Desys Consulta
Slide 9: Divisions
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Slide 10: Addnode Group
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Addnode Group Share of Net Sales* Share of Gross Profit* Share of EBITA* Q1 2025 Q1 2025 Q1 2025 Process Process Management, Management Design Process 25% 27% Management Management, 53% 32% Design Management, Product 45% Lifecycle Product Management, De
Slide 11: Design Management
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Design Management Trend in net sales and EBITA 6,000 600 5,000 500 4,000 400 3,000 300 2,000 200 1,000 100 0 0 2021 2022 2023 2024 2025 R12 Net Sales (SEK m) EBITA (SEK m) Q1 Q1 Change R12 2025 2024 (%) 2025 Net sales, SEK m 662 1,624 -59 3,647 Gross pr
Slide 12: Product Lifecycle Management
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Product Lifecycle Management Trend in net sales and EBITA 2,000 200 1,500 150 1,000 100 500 50 0 0 2021 2022 2023 2024 2025 R12 Net Sales (SEK m) EBITA (SEK m) Q1 Q1 Change R12 2025 2024 (%) 2025 Net sales, SEK m 448 454 -1 1,877 Gross profit, SEK m 229
Slide 13: Process Management
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Process Management Trend in net sales and EBITA 1,500 300 1,250 250 1,000 200 750 150 500 100 250 50 0 0 2021 2022 2023 2024 2025 R12 Net Sales (SEK m) EBITA (SEK m) Q1 Q1 Change R12 2025 2024 (%) 2025 Net sales, SEK m 360 342 5 1,328 Gross profit, SEK
Slide 14: Consolidated Cash Flow
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Consolidated Cash Flow Full Year R12 SEKm Q1 2025 Q1 2024 Change 2024 2025 Operating profit 149 187 -38 598 560 Adjustments for non-cash items 114 93 21 383 404 Other -37 -55 17 -230 -212 Cash flow from operations before working capital changes 226 225
Slide 15: Consolidated Financial Position
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Consolidated Financial Position SEKm 31-Mar-25 31-Mar-24 Change 31-Dec-24 Change Intangible non-current assets 4 188 4 159 29 4 339 -151 Other non-current assets 382 424 -42 386 -4 Net working capital -502 -716 214 -528 26 Total assets 4 068 3 866 202 4
Slide 16: Net Sales and EBITA
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Net Sales and EBITA 9,000 900 7,500 750 6,000 600 EBITA CAGR 2015 – 2025 R12: 19% 4,500 450 3,000 300 1,500 150 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net Sales (SEK m) R12 EBITA (SEK m) Linjär TREND (EBITA EBITA(SEK (SEKm)) m) 16
Slide 17: Questions & Answers
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Questions & Answers 17
Slide 18: Appendix: Addnode Group
APPENDIX > ADDNODE GROUP
Slide 19: Addnode Group as an Investment
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Addnode Group as an Investment Sustainable Organic and Attractive Diversification digital solutions acquisition-led growth business model spreads risk 2020 - 2024 Full-year 2024 Full-year 2024 10 largest 9000 900 Other, 1% Licences, 2% customers, 6% 800
Slide 20: Who we are
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 WHO WE ARE An add-on growth accelerator for companies providing technologies for a sustainable future. 20
Slide 21: Growth Through Sustainability
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Growth Through 1 Digital solutions that contribute to sustainable development Sustainability 2 Care for people and the planet in our own operations 3 The way we work with our partners and suppliers 4 Long-term financial viability 5 and governance Sustai
Slide 22: Key Financials
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Key Financials 2020 2021 2022 2023 2024 R2025 Net Sales, SEK bn 3.8 4.1 6.2 7.4 7.8 6.8* Net Sales growth, % 11% 7% 53% 19% 5% -12%* EBITA, SEK bn 0.4 0.5 0.7 0.6 0.9 0.8 EBITA, % 9.4% 11.3% 11.7% 8.6% 11.1% 12.1% EBT, SEK bn 0.2 0.3 0.5 0.4 0.5 0.5 EBT
Slide 23: Acquisitions 2025 YTD
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2025 YTD Congere Railit pcSKOG Develops, innovates and improves Railit has extensive experience in the A market leading SaaS company in systems and applications for the railway industry and offers innovative digital forest management plans.
Slide 24: Acquisitions 2024
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2024 Efficture Jetas Quality Systems Optimec GPS Timber Efficture develops and offers proprietary Jetas develops and offers proprietary Optimec delivers turnkey solutions Software for timberyard logistics and software for forest and timber
Slide 25: Acquisitions 2024 Cont.
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2024 Cont. Addoceo Prime Aerostructures CTC Software Addoceo is a supplier of case A leading Dassault Systèmes Partner CTC Software addresses the growing management systems for transportation based in Vienna, Austria. Specialized in demand
Slide 26: Acquisitions 2023
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2023 Fast2 Key Performance Team D3 Leading Swedish supplier of business Partner to Dassault Systèmes, operating One of the largest Autodesk partners in systems for real estate companies. Its in North America and Europe. Focused the US, with
Slide 27: Acquisitions 2022
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2022 Claytex Desys Microdesk Decisive Claytex specializes in advanced DESYS service offering is based Microdesk is a Platinum partner Rule-based decision management simulation and virtual testing, on Dassault Systèmes’ platform, to Autodesk
Slide 28: Acquisitions 2022, cont.
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Acquisitions 2022, cont. JBL JBL’s service offering is based on Dassault Systèmes’ platform, the team adds resources and competence within oil and gas, infrastructure and renewable energy. Division Product Lifecycle Management New employees 2 Annual sal
Slide 29: Shareholders
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 Shareholders Managements shareholdings • Johan Andersson, CEO: 407,016 shares and 25,000 Owner Shares class A Shares class B Share capital, % Voting rights, % call options for 40,000 B-shares Staffan Hanstorp & Jonas Gejer 2,501,328 3,238,496 4.27% 16.6
Slide 30: The Share
INTERIM REPORT JANUARY - MARCH 2025 2025-04-25 The Share SEK Volume '000 • Average daily traded volume in Q1’25 was 160 3000 72,000 shares (up from 60,000 in Q4’24). • Highest daily traded volume during Q1’25: 414,300 140 (January 9th). 2500 • Total number of shareholders on March 31st: 7,326. 120 2
Slide 31: Interim Report January - March 2025
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