Slide 1: TXT Group Corporate Presentation - Tech Sector Day
TXT Group Corporate Presentation Tech Sector Day May 19| 2021 Daniele MISANI, CEO Andrea FAVINI, IR 1
Slide 2: Disclaimer
Disclaimer_ __The material in this presentation has been prepared by TXT e- solutions (“TXT”) and is general background information about TXT’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this p
Slide 3: Leadership Team
_LEADERSHIP TEAM Enrico Magni Misani Daniele Eugenio Forcinito Chairman Group CEO Group CFO A seasoned entrepreneur + 20 years in TXT, strong +20 years experience in the with a solid track record in international background in business Finance and Administration driving companies’ growth, developmen
Slide 4: An Accelerated Growth Path
_Reboot completed: a new phase of growth ahead _AN ACCELERATED GROWTH PATH IT Governance & Digital FinTech Banking & Finance Swiss FinTech: Transformation R.: €3mn in FY17 R.: €9mn in FY18 R.: CHF5mn in FY19 R.: €12mn in FY19 Listing on STAR (Borsa Italiana Stock Exchange) 2018 2019 2020 1989 2000 2
Slide 5: Aerospace
_A valuable partner for products & processes digitalization _AEROSPACE
Slide 6: Fintech
_An emerging player with innovative solutions FINTECH_
Slide 7: Your Global Digital Enabler
_diversifying: by adjacent Offerings, Geographies & Markets _YOUR GLOBAL DIGITAL ENABLER 7
Slide 8: Q1-2021 Highlights
_Q1-2021 HIGHLIGHTS 1
Slide 9: Q1 Results: 2021 vs. 2020
_Q1 Results: 2021 vs. 2020 Since 2018, constantly improving quarterly Revenues and EBITDA results Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) #NEVERBETTER +32% +38% 21.5 2.7 16.3 11.0 51% 2.0 +4% 10.5 64% 12.6% 12.1% 10.5 +83% 49% 5.7 36% Q1-20 Q1-21 Q1-20 Q1-21 F
Slide 10: Value Creation
NET PROFIT EXPANSION € 1,2Mn Q1-21 NET PROFIT, +391% vs Q1-20 _VALUE CREATION SOFTWARE REVENUES € 2Mn -14% vs. Q1-20, due to the slow-down of new business in civil aviation R&D + COMMERCIAL INVESTMENT (expensed in the P&L) € 4.2Mn in Q1-21, +13.2% vs Q1-20 CASH + TREASURY SHARES AVAILABLE FOR GROWTH
Slide 11: TXT Group: Division & Markets
_Sustainable growth, new areas of expansion TXT Group: Division & Markets_ Aerospace Fintech & Aviation Turnover EBITDA margin International Revenues Turnover EBITDA margin Net operating Revenues Q1-2021: Q1-2021: revenues: breakdown Q1-2021: Q1-2021: investment for product breakdown Software Start-
Slide 12: Main Events after Q1
_Aerospace & Aviation _MAIN EVENTS after Q1 AIRBUS (NAVBLUE) and PACE partnership New positive outlook for our XR platform WEAVR We provide flight crews with optimized speeds Large market debut, first contracts via Unity and altitudes fully integrated in NAVBLUE’s marketplace (https://unity.com/prod
Slide 13: Q1-2021 Financials
_Q1-2021 FINANCIALS 1
Slide 14: Profit & Loss: Q1 details
_PROFIT & LOSS: Q1 details € thousand Q1 2021 % Q1 2020 % VAR % REVENUES 21,481 100.0 16,255 100.0 32.2 Direct costs 13,210 61.5 8,981 55.3 47.1 GROSS MARGIN 8,271 38.5 7,274 44.7 13.7 Research and Development costs 1,650 7.7 1,803 11.1 (8.5) Commercial costs 2,513 11.7 1,872 11.5 34.2 General and A
Slide 15: Net Cash: Solid Financial Position
_NET CASH: Solid Financial Position € thousand 31.03.2021 31.12.2020 VAR Cash 13,461 11,933 1,528 Trading securities at fair value 53,469 68,161 (14,692) Cash & Cash equivalents 66,930 80,094 (13,164) Short term bank loans (28,992) (28,181) (811) Options referred to M&A (Put/Call – Earn Out) (964) (
Slide 16: Balance Sheet: details
€ thousand 31.03.2021 31.12.2020 VAR Intangible assets 37,311 37,653 (342) _BALANCE SHEET: details Tangible assets 7,054 7,460 (406) Other fixed assets 16,691 2,299 14,392 Fixed Assets 61,056 47,412 13,644 Inventories 5,826 4,749 1,077 Trade receivables 34,070 35,411 (1,341) Other short term assets
Slide 17: Shareholding Structure
Shareholding Structure March 31st, 2021* Latest Public Data Available * Kabouter Kabouter LLC stake down from 8.9% at Oct-2020 ** SHAREHOLDING Structure_ Management LLC 4.8% ** Treasury Shares 9.9% Laserline SpA 30.2% Market 45.8% Managers 9.3% Market Data Share Price Dec 31st, 2010 1.51€/share* Sha
Slide 18: Dividends & Shareholding's Return
Dividends and Treasury Shares Repurchase (€m) DIVIDENDS & Shareholding’s Return_ 18 16.3 16 14 4.6 11.7 12 1.4 10 8 6.8 1 5.3 6 11.7 10.3 3.7 3.7 3.8 4 3.2 3.2 0.8 0.3 0.6 1 5.8 1.1 5.3 0.62 2 0.9 3.5 2.1 2.6 2.7 2.9 0.12 0 0.9 0.5 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Payment divid
Slide 19: Q&A
_Q&A 1