Asseco Business Solutions Sa · GPW:ABS
Asseco Business Solutions Sa — Q1 2023 Earnings Presentation
15 slides from Asseco Business Solutions Sa's earnings presentation, 2023
Slide 1: Asseco Business Solutions
Asseco Business Solutions We design IT systems for business www.assecobs.pl
Slide 2: Financial results Asseco Business Solutions for Q1 2023
Financial results Asseco Business Solutions for Q1 2023
Slide 3: Revenues of Asseco Business Solutions for Q1 2022 v. Q1 2023
Revenues of Asseco Business Solutions for Q1 2022 v. Q1 2023 89,145 77,031 + 15.7% 77,148 66,502 + 16.0% 10,529 11,997 + 13.9% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Revenues total Poland Abroad *in PLN thousand
Slide 4: Other results of Asseco Business Solutions Q1 2022 v. Q1 2023
Other results of Asseco Business Solutions Q1 2022 v. Q1 2023 EBIT 23,589 21,035 + 12.1% EBITDA 32,282 28,414 + 13.6% Q1 2022 Q1 2023 Net profit Q1 2022 Q1 2023 17,594 20,325 + 15.5% * in PLN thousand Q1 2022 Q1 2023
Slide 5: Results of Asseco BS Q1 2022 v. Q1 2023 – by operating segments
Results of Asseco BS Q1 2021 v. Q1 2023 – by operating segments Receipts from sales 84,523 EBITDA 72,878 + 16.0% 28,068 31,796 + 13.3% 4,153 4,622 + 346 486 11.3% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 ERP Other ERP Other *in PLN thousand
Slide 6: Revenues of Asseco BS in Q1 2023 – by sectors
Revenues of Asseco BS in Q1 2023 – by sectors Banking and finance 2,226 Public sector 6,715 Enterprises 90% 80,204 *in PLN thousand
Slide 7: Backlog of Asseco BS at Q1 2023
Backlog of Asseco BS at Q1 2023 of Q1 2023 Asseco BS backlog for 2023: 82.4% (PLN 279 M) of sales in 2022. Previous year’s backlog was 81 % (PLN 249 M) of sales in 2021. 338.5 307.4 279.0 249.0 + 12.0% Sales 2021 Backlog 2022 Sales 2022 Backlog 2023 * in PLN million
Slide 8: Profitability historically (since 2020)
Profitability historically (since 2020) margins margins margins margins 1Q 2020 2021 2022 2023 EBIT 29.2% 28.1% 27.3% 26.5% EBITDA 39.3% 36.9% 36.9% 36.2% net profit 23.2% 22.5% 22.8% 22.8% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 EBIT 1
Slide 9: Costs and expenses historically (since 2020)
Costs and expenses historically (since 2020) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 Receipts from sales 66.89 64.37 63.92 86.93 72.54 70.27 74.73 89.90 77.03 78.10 82.77 100.62 89.15 Own cost of sales (w/o COGS) 36.37 34.26 33.44 38.30
Slide 10: Cash flow for Q1 2023
Cash flow for Q1 2023 Operating activities 23..9 9 Amortisation/ depreciation 8.7 Change in working Balance capital Investing of long-term Dividend Received Finance Income Change in activities . deposits paid loans lease tax cash -1.5 -8.7 -30.3 0.0. 0.0 -2.5. -3.0 -13.4 * in PLN million
Slide 11: Liquidity at end of Q1 2023
Liquidity at end of Q1 2023 65,411 Cash and short-term deposits due above 3 mths 0 Balance of loan-related debt 70,000 Maximum debt limit in credit line 1.73 Current ratio (current assets/current liabilities) * data on cash in PLN thousand
Slide 12: Dividend in 2023
Dividend in 2023 The Management Board of Asseco Business Solutions S.A. resolved to divide the profit for 2022 by recommending to the Supervisory Board and the Ordinary General Meeting of the Company the payment of dividend of PLN 2.30 per share in 2023.
Slide 13: Dividends – overview
Dividends – overview Year Net profit Dividend 2007 13,949 0 2008 24,122 - 14,036 2009 22,427 - 25,064 2010 30,092 - 30,076 2011 29,834 - 32,081 2012 26,532 - 26,400 2013 26,828 - 26,734 2014 28 571 - 28,406 2015 33,509 - 33,418 2016 42,446 - 42,441 2017 47,283 - 43,444 2018 62,569 - 50,127 2019 73,4
Slide 14: Quotations in Q1 2023
Quotations in Q1 2023 Indicators as at 20 April 2023 Capitalisation: PLN 1,336.7 M - 2.8% Price/Profit: 15.19 Price/balance sheet value: 3.50 * source: Money.pl * source: https://inwestinfo.pl
Slide 15: Thank you for your attention
Thank you for your attention assecobs.pl
Asseco Business Solutions — Q1 2023 Earnings Presentation on 6ix