Cyviz As · OSL:CYVIZ
Cyviz As — Q1 2024 Earnings Presentation
14 slides from Cyviz As's earnings presentation, May 16, 2024
Slide 1: 1st Quarter Results 2024
Cyviz May 16th, 2024 1st Quarter Results 2024
Slide 2: Today's Agenda and Presenters
Today’s Agenda and Presenters Q1’24 in brief Performance 2020-2024 Espen Gylvik Business highlights CEO Q1 financials Outlook Karl Peter Gombrii Q&A CFO Agenda 2
Slide 3: Q1'24 in brief
Record Q1 EBITDA, driven by a higher- margin product mix while Q1 bookings reflected the record Q4 backlog Q1’24 in brief Revenue of NOK 107 Gross profit of NOK 72 EBITDA of NOK 5.2 Order intake of NOK 91.4 million in Q1, down 22% million, up 9%, equivalent million in Q1, up NOK 2.4 million, down 42
Slide 4: Cyviz Group rolling 12-months trend 2020-2024
ROLLING 12-MONTHS TREND 2020-2024 Cyviz Group ORDER INTAKE (MNOK) GROSS PROFIT (MNOK) EBITDA (MNOK) +10% +15% +1% 757 295 36,7 289 280 282 30,0 30,3 690 27,9 25,4 257 626 632 589 561 220 9,0 517 435 445 185 402 -1,9 -2,6 342 156 -6,5 307 142 147 -15,5 -14,8 238 122 122 179 102 100 -25,5 -27,8 Q4 Q1
Slide 5: Business Highlights
Business Highlights
Slide 6: Business Highlights Q1
Business USD 2.2m USD 0.2m Based on a recently signed 24- USD 0.3m Advanced meeting room month purchase frame agreement Advanced boardroom with solutions and infrastructure Q1 major children’s hospital in Highlights with a central electricity company in for Town Hall space for Saudi Arabia the U.S.
Slide 7: Q1 Financials
Q1 Financials 7
Slide 8: Q1 Financial highlights
(all figures in NOK million) -22.2% Revenues Q1 Financial 180 168 160 120 116 137 120 • 22% decline from Q1 2022 107 69 • Rolling 12-months trend at NOK 555 highlights million versus NOK 554 million in Q1 2023 (unchanged) REVENUES Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Gross profit +8
Slide 9: Operating cash flow
Operating Key drivers Q1 cash flow • The high receivable collection reflects Q4 bookings, which were weighed to geographical areas that traditionally have shorter collection times. Operating cash flow Q1 • Focus on on-time AP settlement; meanwhile the draw on the RCF was 4.8 reduced to NOK 4.3 milli
Slide 10: Growing portfolio of large frame agreements
Growing portfolio of large frame agreements • Empower key customers to procure solutions directly at predetermined T&Cs • More efficient operations – less time spent on lead management and clean sheet designs • Strategic partnerships, repeat sales and overall, a more predictable and sustainable busi
Slide 11: Evolving product suite
Evolving product suite • Enabler of growth – accessing new markets through partners • Enabler of margin growth – scalable, recurring SaaS solution MANAGEMENT & INTEGRATOR KIT MONITORING PLATFORM 11
Slide 12: Outlook
Outlook 12
Slide 13: Profitable growth driven by growing core business, new products and services, and cost optimization
Outlook Profitable growth driven by growing core business, new products and services, and cost optimization Profitable growth 1 Increased focus on profitability through cost optimization, new services and continued revenue growth. Maintaining the medium-term 15-20% EBITDA-margin . Growing demand for
Slide 14: Q&A
Q&A Q&A