Doxee S.p.a. · MIL:DOX
Doxee — Italian Day in Frankfurt 2023
39 slides from Doxee's conference presentation, Jan 24, 2023
Slide 1: Italian Day in Frankfurt
Italian Day in Frankfurt Sergio Muratori Casali CEO Milan January 24th, 2023
Slide 2: We enable companies to create innovative and digital customer-facing communications
We enable companies to create innovative and digital customer-facing communications January 24th, 2023 Italian Day in Frankfurt
Slide 3: What we do
What we do Managing the digital transformation Doxee Platform® document experience (dx): Digital production, distribution, and digital archiving of documents Data processing paperless experience (px): Electronic invoicing, Long-term digital preservation, Company Consumers Electronic ordering, Data C
Slide 4: Doxee at a Glance
Doxee at a Glance Transforming data into relationships • Doxee is a Tech-Vendor and a leading provider of products for 2001 +21% +31% 18-20% Customer Communications Revenues Contribution Margin Forecast of Vop Management (CCM), Digital Founded from sales in H1 in €/mn invested in R&D 2022 Customer E
Slide 5: ESG Commitment
ESG Commitment Doxee Benefit Corporation Sustainable Offices Sustainable Governance • New redesign of the offices • Internal ESG commitment • Energy from renewable sources • ISO 37001 Anti-bribery management systems • Hybrid cars and recharging stations • Certified processes ISO 14001, • Focus on re
Slide 6: Doxee Technological Innovation
Doxee Technological Innovation MARKET VALIDATION R&D INVESTMENTS Several international IT analysts recommend Doxee in their reports Percentage of value of production per year 13% Doxee invested in R&D for more than 10 years > Tech Tide™: Creative Technologies, 2021 > IDC Marketscape: Worldwide Cloud
Slide 7: Product lines
Product lines A Unique Value Proposition THREE MAIN CLOUD-BASED PRODUCT LINES DOCUMENT EXPERIENCE PAPERLESS EXPERIENCE INTERACTIVE EXPERIENCE 65% on revenues 18% on revenues 17% on revenues Digital production, distribution, and archiving Compliant electronic invoicing and digital Personalized micro-
Slide 8: Doxee Client Base
Doxee Client Base Enterprise Customer TELCO & MEDIA UTILITIES REVENUES BY INDUSTRIES H1 2022 2% 6% 7% 2% Automotive Financial Services 40% PS & IT Services PUBLIC ADMINISTRATIONS BANKING AND INSURANCE Other Utilities Telco & Media 42% 70% +200 Recurring Revenues Clients RELEVANT PARTNERSHIP 3 years
Slide 9: Revenues Breakdown
Revenues Breakdown 7,2 20 CORE CLIENTS (€/mln) 10,80 PRODUCT LINE GROWTH H1 2022 (€/mln) 6,0 9,13 +29% H1 2020 7,71 90% H1 2021 4,7 +14% CAGR 24% H1 2022 82% 86% 81 84% 1,8 1,8 2,0 1,8 1,2 1,3 CAGR 4% CAGR 22% H1 2020 H1 2021 H1 2022 px px +11% dxdx +20% ixix +37% BY PRODUCT LINES GEOGRAPHICAL AREA
Slide 10: Client Cases
Client Cases January 24th, 2023 Italian Day in Frankfurt
Slide 11: Customer cases selection
Customer cases selection Doxee Pweb® Doxee Pvideo® January 24th, 2023 Italian Day in Frankfurt
Slide 12: Eni gas e luce case
BENEFITS • 50 million annual multichannel communications and invoices CUSTOMER Eni gas e luce is the new company of Eni SpA, established in 2017 to sell gas, electricity, and energy solutions in the retail and business markets. • Digital opt-in for customers through the smart bill Fastweb The compan
Slide 13: Engie case
CUSTOMER Engie is a French energy company that produces and distributes electricity, natural BENEFITS • Massive volumes: 4 million videos produced per gas, and renewable energy. year Fastweb It is the world's leadingè independent uno dei principali operatori producer of electricity and the world's l
Slide 14: Unicredit case
CUSTOMER Unicredit was founded in 1988 by the merger of Credito Italiano BENEFITS • Reduce costs with scalable, centralized solutions and Unicredito. It isFastweb Italy's only systemically è uno important dei principali bank (according to the list operatori • Manage the dynamic customer communicatio
Slide 15: Bank Austria case
CUSTOMER Bank Austria was acquired by Unicredit in 2005 including all the BENEFITS • Reduce costs with scalable, centralized solutions Fastweb eastern è unobanking european dei principali operatori business. Telco italiani, con circa 2,5 milioni di clienti • Digitize the process end to end Bank su A
Slide 16: Wealthcap case
CUSTOMER Wealthcap is located in Munich, Germany, member of Unicredit BENEFITS • Full integration of CCM with CRM Fastweb è uno dei principali operatori Group. Wealthcap is amongst Telco italiani, con the largest circa Germandireal 2,5 milioni asset and clienti investment management • Unique place f
Slide 17: Allianz Italia case
CUSTOMER Allianz Italia is one of the leading Italian insurers and is part of the BENEFIT • 10-15% of cost reduction for call center Allianz SE group, one of the world leaders in the insurance and asset • 15% of fast and easy adoption of digital services management sector, with over 150,000 employee
Slide 18: INPS case
CUSTOMER National Institute for Social Security is the main entity of the Italian BENEFIT Acceptance of NASPI application: public retirement system. All waged labourers and most of self- employed without a proper autonomous social security fund, must be 59% Interactions subscribed to INPS 4,3 views
Slide 19: Financial Data
Financial Data January 24th, 2023 Italian Day in Frankfurt
Slide 20: Key Financials
Key Financials H1 2022 € 11.1 mln € 14.7 mln € 8.4 mln € 3.0 mln +21% YoY +27% YoY +31.4% YoY Revenues Value of Production Gross Margin R&D Costs € 1.6 mln 10.9% € 0.1 mln € 1.9 mln EBITDA EBITDA Margin Net Income NFP (cash negative) January 24th, 2023 Italian Day in Frankfurt
Slide 21: Investments
Investments H1 2020 – H1 2022 ORGANIZATIONAL COST OF R&D PERSONELL STRUCTURE #121 #142 #153 3,5 0,7 6 3 0,6 +18% 5 +19% 2,5 +59% 0,5 +19% 0,58 4 3,01 4,94 2 0,4 +31% 3 0,49 4,15 1,5 0,3 +308% 2 3,48 1 1,89 0,2 1,44 0,5 0,1 1 0,12 0,11 ESG 0 0 0 H1 2020 H1 2021 H1 2022 H1 2020 H1 2021 H1 2022 H1 2020
Slide 22: Acquisition of Infinica GmbH
Acquisition of Infinica GmbH January 24th, 2023 Italian Day in Frankfurt
Slide 23: Doxee acquires the 90% of Infinica GmbH
Doxee acquires the 90% of Infinica GmbH A strong strategic rationale Doxee acquires the 90% of Infinica GmbH with an option on the remaining 10%. A key step in the Doxee’s strategic roadmap to be positioned as the leading European technology and product vendor in the field of digital customer experi
Slide 24: Infinica GmbH
Infinica GmbH Leading customer communication management software platform • International customers • Customer Communication Management Infinica • International technology and Fields of • Document Composition strong partner network activities • Output Management • 30+ Software Experts • Forms Manage
Slide 25: Infinica References
Infinica References Banking & Insurance Public Sector Retail & Technology Utilities Transport Media & Telco January 24th, 2023 Italian Day in Frankfurt
Slide 26: A deal with a strong potential
A deal with a strong potential § The acquisition of Infinica’s technology will accelerate the roadmap for the new release of the Doxee TECH ADVANTAGES Platform® anticipating the time to market of new services by approximately 18 months § SalesForce certification, also distributed by the SalesForce A
Slide 27: A deal with a strong potential
A deal with a strong potential “Inbound” advantages and expected synergies cover almost half of the price paid § Doxee identified DACH and CEE regions as a green field as the digitization rate is under 70% and the e- MARKET AND invoicing compliance has not been extended yet to B2C TERRITORY § Doxee
Slide 28: Infinica Document Generation integrated Salesforce
Infinica Document Generation integrated Salesforce Directly from Salesforce allows Enables a new model Increase the efficiency the creation and management of that allows the editing of of existing processes such as digital advanced communications contents and the choice of purchase proposals from th
Slide 29: Market Trends & Growth Strategy
Market Trends & Growth Strategy January 24th, 2023 Italian Day in Frankfurt
Slide 30: Double-digit growth for Doxee's key markets
Double-digit growth for Doxee’s key markets Doxee reference markets CCM REG-TECH DCX (Customer Communication Management) (E-Invoicing, Digital Preservation, E-Procurement) (Digital Customer Experience) $/bn $/bn 23 $/bn 11.3% 25.1% 11.8% CAGR L CAGR CAGR 14,9 GLOBA 8,5 3,2 7,5 1,5 2020 2021 2022 202
Slide 31: International E-invoice Market 2022
International E-invoice Market 2022 B2B, B2G, G2B, B2C and G2C Digitally issued by suppliers & received by buyers • Planned roll-out deadlines for e- invoicing mandates were postponed in several countries. Overall positive impact in 2022 and years ahead • Home-office requirements during the pandemic
Slide 32: B2B e-invoicing Adoption Plan
B2B e-invoicing Adoption Plan Europe Predicted Market Adoption 2022 Paperless share of total invoice/bill volume Planned B2B e-invoicing mandates • Belgium, 2024-2025 • Bulgaria, 2023 or later • France, 2024-2026 by step • Germany, deadline to be fixed • Latvia, 2025 • Poland, 2024 • Portugal – not
Slide 33: Strategic growth key points
Strategic growth key points • Doxee aims to be a Leading Company and an European vendor in CCM and DXP marketplace • Main streams of the investments Ø Complete the Product Roadmap with strong IP Platform investing (integration with Infinica Components) Ø Support the Organic Growth (consolidation exi
Slide 34: The Strategy in DACH area
The Strategy in DACH area Infinica integration path Strategic growth in DACH and CEE regions in Telco, Utilities, Finance industries • Upsell and Cross-sell the joint product portfolio to actual customer base; • Market entry into the global Salesforce marketplace as well as SAP and Powercloud (stron
Slide 35: Appendix
Appendix January 24th, 2023 Italian Day in Frankfurt
Slide 36: Doxee global competitive landscape
Doxee global competitive landscape Customer Communications Management Paperless Personalized Video January 24th, 2023 Italian Day in Frankfurt
Slide 37: Doxee Timeline
Doxee Timeline E-billingS.p.A. is E-billing becomes Doxee Doxee expands Listed on AIM Acquisition of Rebranding Acquisition of Agreement founded in Modena, Doxee S.p.A. becomes a internationally Italia, the stock Littlesea Littlesea in Infinica GmbH with Simest Italy, offering multinational in 19 co
Slide 38: Stock & Governance
BOARD OF DIRECTORS Stock & Governance Sergio Muratori Casali Paolo Cavicchioli Vice-president and CEO Chairman ∗ * Simest entry with a minority share in Doxee CEE GmbH is expected within January Giuseppe Dal Cin Paola Leoni Pier Luigi Morara Member Independent Independent Member Member SHARE PERFORM
Slide 39: Sergio Muratori Casali, CEO
Sergio Muratori Casali, CEO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com