Nedap N.V · EURONEXT:NEDAP
Nedap — Shareholder Meeting (April 2023)
46 slides from Nedap's shareholder meeting presentation, Apr 13, 2023
Slide 1: Slide 1
Slide 2: Annual general meeting of shareholders
Annual general meeting of shareholders Nedap Campus, Groenlo, The Netherlands 13 April 2023
Slide 3: Stemmen
Stemmen Voor het stemmen • Stop de stempas in het stemkastje met de gouden chip naar u toe. • Uw naam verschijnt in het scherm. Tijdens het stemmen • De stem opties verschijnen op het scherm. • Druk knop 1 (Voor), 2 (Tegen) of 3 (Onthouding). • Uw keuze verschijnt op het scherm. • Uw laatst gemaakte
Slide 4: Slide 4
Slide 5: Challenging years
Annual general meeting of shareholders 2020-2022 Challenging years • Lockdowns due to COVID-19 • Drop in demand • Scale down component manufacturing capacity • Economic recovery • Supply chain disruptions • War in Ukraine • Steep inflation • Economic downturn It has been a roller coaster ride, and t
Slide 6: An intense year, again
2022 An intense year, again nedap
Slide 7: Turnover per quarter
Annual general meeting of shareholders Turnover per quarter 70.000 65.000 60.000 55.000 50.000 45.000 40.000 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 7
Slide 8: Financial results 2022
Annual general meeting of shareholders Financial results 2022 (x € 1 mio) 2022 2021 Growth Revenue 230.6 207.0 +11% Recurring revenue 71.0 58.5 +21% EBIT 23.8 23.1 +3% EBIT margin 10% 11% ROIC 31% 36% 8
Slide 9: Highlights business units
Annual general meeting of shareholders Highlights business units 9
Slide 10: Healthcare
Highlights business units Healthcare • Market leader in mental healthcare sector at large institutions • Expanding market share in other care sectors • Introduction Unify Ons, a new software architecture 10
Slide 11: Identification Systems
Highlights business units Identification Systems • Focus on reader portfolio • Intensifying sales and marketing • Progress scale down SENSIT 11
Slide 12: Light Controls
Highlights business units Light Controls • Supply chain issues top priority • Increased demand for UV technology • Scale down Luxon according to plan 12
Slide 13: Livestock Management
Highlights business units Livestock Management • Increase worldwide demand for SmartTags • Expansion international sales and support team • Investments in development, sales and marketing aligned with market potential in the pig sector 13
Slide 14: Retail
Highlights business units Retail • Important contract wins for iD Cloud RFID platform • Challenging market conditions in fashion and apparel sector • Market traction with new approach for Essential retail sector with RF-based solutions 14
Slide 15: Security Management
Highlights business units Security Management • Good demand, challenging supply situation • AEOS successfully qualified for new security certifications (FR, EN, DE) • Now, 25 of the top 100 brands in Europe have chosen Nedap AEOS • Finalising cloud-based access control proposition 15
Slide 16: Staffing Solutions
Highlights business units Staffing Solutions • Focus on FLUX • Key markets manufacturing, distribution and logistics • Important reference customers won 16
Slide 17: Get the most out of our propositions
Create, Scale, Core Get the most out of our propositions 17
Slide 18: Create, Scale, Core
Step Up! Create, Scale, Core Explore Create Scale Core Explore trends, Create a viable proposition Scale up to win the Sustain our position with a technologies, markets and that is adopted by a first strategic match with good yield and easy business opportunities group of clients competition for the
Slide 19: Create, Scale, Core
Step Up! Create, Scale, Core • Ample growth potential • Not all propositions had adequate outlook • More resources for Scale propositions 19
Slide 20: Get the most out of our potential
Step Up! Get the most out of our potential 20
Slide 21: Key markets
Step Up! Key markets • Market-leading • Size matters • Positive impact • Sustainable competitive edge • Positions guide new initiatives 21
Slide 22: Key markets
Step Up! Key markets Nedap – Technology for Life Livestock Security Healthcare Retail Management Cows Management Strategic Options Core Propositions Explorations & Propositions (Create, Scale, Core) People, culture, leadership, brand, business platform 22
Slide 23: Progress
Step Up! Progress • Radically clear • Always deliver • Full Nedap power 23
Slide 24: New Initiatives
Step Up! New Initiatives 24
Slide 25: Belle
New Initiatives Belle
Slide 26: tive
tive
Slide 27: Lameness detection
New Initiatives Lameness detection
Slide 28: Lameness detection
New Initiatives Lameness detection 28
Slide 29: iD Cloud DC
New Initiatives iD Cloud DC
Slide 30: Sustainability
Annual general meeting of shareholders Sustainability 30
Slide 31: Focus areas
Sustainability Focus areas 31
Slide 32: Our employees: Talent development
Sustainability Our employees Talent development 2022 47% of the 386 respondents indicates that they dedicated at least 40 hours per year on their development 32
Slide 33: Our employees: Gender diversity
Sustainability Our employees Gender diversity 33
Slide 34: Our operations: Net-zero CO2 impact before 2030
Sustainability Our operations Net-zero CO2 impact before 2030 34
Slide 35: Our products: Reducing negative impact throughout the value chain
Sustainability Our products Reducing negative impact throughout the value chain • Reduce CO2 footprint of our hardware portfolio • Reduce CO2 footprint of our software solutions 35
Slide 36: Our products: CO2 dashboard
Sustainability Our products CO2 dashboard • Portfolio based Life Cycle Analyses (LCA) • CO2 impact insights per business unit & life cycle phase 36
Slide 37: Our products: Reduction plan
Focus area Our products Reduction plan • Setting goals & KPI’s per BU • Quick wins (e.g., packaging) 37
Slide 38: Our customers: Creating technology that positively influences professionals
Sustainability Our customers Creating technology that positively influences the output of professionals • Sustainability perspective on current propositions • Sustainability as success factor for new propositions 38
Slide 39: Financial results
Annual general meeting of shareholders Financial results 39
Slide 40: Revenue development
Financial results Revenue development 250 35% 30% 11% 230 25% 20% 210 9% 15% 5% 0% -1% 10% 190 5% 170 0% 2018 2019 2020 2021 2022 Total revenue % Recurring of total revenue 40
Slide 41: 2022 intense year supply chain
Financial results 2022 intense year supply chain • Number of critical components still high • Inflation drives up cost prices • Long lead times remains • Increased inventory suppliers • Volatility puts challenge on production capacity suppliers However situation is stabilizing 41
Slide 42: Key figures 2022
Financial results Key figures 2022 (in m€) 2022 2021 % ’22 vs ’21 Revenue 230.6 207.0 +11% Recurring revenue 71.0 58.5 +21% Gross Margin 154.5 139.3 +12% GM% 67% 67% Operating Expenses 130.7 116.2 +13% Operating result 23.8 23.1 +3% Operating margin 10% 11% EOY FTEs 872 786 +11% Working Capital in %
Slide 43: Outlook 2023
Annual general meeting of shareholders Outlook 2023 Although there is still volatility in the market, we foresee further revenue growth in 2023, in line with our financial ambition defined in our Step up! strategy, unexpected circumstances notwithstanding. 43
Slide 44: Slide 44
Slide 45: Toelichting accountant op jaarrekeningcontrole
Toelichting accountant op jaarrekeningcontrole april 2023
Slide 46: Belangrijkste elementen van onze controle
Belangrijkste elementen van onze controle q Wij hebben op 22 februari 2023 een goedkeurende controleverklaring verstrekt bij de jaarrekening 2022. q Gehanteerde materialiteit bedraagt € 1.300.000. q Full scope audits in Groenlo en specifiek overeengekomen werkzaamheden voor Nedap Inc. q Kernpunten v