Proact It Group Ab · OMXSTO:PACT

Proact It Group Ab — Q1 2018 Earnings Presentation

14 slides from Proact It Group Ab's earnings presentation, March 2018

  1. Slide 1: Financial report January – March 2018

    Financial report January – March 2018

  2. Slide 2: Strategy

    Strategy  “We are constantly working according to our established strategy, in order to meet the company’s objectives and financial targets.”  The strategy is based on the following areas » “The Power of together” » Customer focus » Market leading offering independent of suppliers » Emphasis on in

  3. Slide 3: Market trends

    Market trends  The underlying growth of digital business-critical information remains high  The rapid digitisation taking place in most industries and businesses and the increasing volume of business-critical information, means that the IT infrastructure is becoming increasingly complex and new de

  4. Slide 4: The first quarter in brief

    The first quarter in brief  As from January 1, 2018, the company applies the new accounting standard IFRS 15 » In total, these changes have had a negative effect on the quarter’s revenues with 95 MSEK, adjusted for this change revenues has decreased by 2.6%. » The changed accounting principles have

  5. Slide 5: The first quarter in brief, cont'd

    The first quarter in brief, cont’d  The company's gross margin has increased by 2 percentage points  Sales and marketing expenses and administration expenses in total decreased by 5%  Profit before tax increased by 10% to 35.8 MSEK  Net margin 4.7% compared to 3.7% corresponding quarter previous

  6. Slide 6: Income statement January – March 2018

    Income statement January – March 2018 (MSEK) Jan-Mar Jan-Mar Revenue Growth 2018 2017 Total revenue -13% System Sales 481.3 598.2 …if reversed change in accounting principles, for Services 276.0 273.9 comparison: Other 1.3 0.5 Jan-Mar 2018 854 Jan-Mar 2017 877 Revenue 758.6 872.6 Growth, adjusted -2

  7. Slide 7: Income statement rolling 12 months

    Income statement rolling 12 months (MSEK) Apr-Mar Apr-Mar 2017/2018 2016/2017 System Sales 2,015.9 2,027.1 Services 1,107.6 1,042.3 Revenue Growth Other 5.9 2.2 Total revenue 2% Revenue 3,129.4 3,071.6 Growth in Local Currencies 2% Products and services -2,381.6 -2,346.0 System sales -1% Gross profi

  8. Slide 8: Revenue and profit before tax per Business Unit

    Revenue and profit before tax per Business Unit January - March January - March 2018 2017 (MSEK) Revenue PBT Net Revenue PBT Net margin margin Nordics 339 16.7 4.9% 448 25.3 5.6% UK 147 6.9 4.7% 146 4.4 3.0% West 245 12.0 4.9% 260 1.8 0.7% East 36 2.9 8.1% 24 1.6 6.8% Proact Finance 31 0.7 2.3% 10 0

  9. Slide 9: Revenue per industry 12 months Apr-Mar 2018

    Revenue per industry 12 months Apr-Mar 2018 Other 14 (13) % Trading and services 24 (25) % Media 4 (2) % Bank and Finance 9 (9) % Oil and Energy 5 (6) % Public sector 18 (20) % Manufacturing 13 (11) % Telecom 13 (14) %

  10. Slide 10: Cash flow January – March 2018

    Cash flow January – March 2018 Liquid Funds December 31, 2017 220 Cash-flow from current operations -13 Current operations 34 Change in working capital -47 Cash-flow from investment activities -50 Fixed assets -31 Acquisitions -19 Cash-flow from financial activities 8 Bank loans/Bank overdraft facil

  11. Slide 11: Key ratios – Balance sheet

    Key ratios – Balance sheet (MSEK) 2018 2017 2017 Mar 31 Dec 31 Mar 31 Total Assets 1,997 1,941 1,865 whereof Goodwill 401 385 368 whereof Intangible fixed assets 96 99 132 whereof Accounts receivables 557 575 503 Equity 412 384 377 Solidity 21% 20% 20% Cash and bank deposits 180 220 221 Bank loan, o

  12. Slide 12: Summary rolling 12 months

    Summary rolling 12 months SEK million per quarter SEK million per quarter Revenue per quarter and Net margin (PBT) rolling 12 months $83 sé Ft BOR BE 800.0 700.0 _ 100 600.0 2 so 500.0 5 2 60 400.0 5 00.0 40 200.0 bo 1000 00 0.0% oo PPP SMS SP ere PPPs mmm Revenue ——=Net margin Profit before tax per

  13. Slide 13: Proact share – Top 10 owners March 31, 2018

    Proact share – Top 10 owners March 31, 2018 2018 2017 March 31 December 31 AB Grenspecialisten 11.1 % 11.1 % Livförsäkrings AB Skandia 10.9 % 10.9 % UBS AG London Branch A/C Client 8.0 % 0.0 % Fondita Nordic Micro Cap SR 4.6 % 4.6 % Försäkringsaktiebolaget, Avanza Pension 4.1 % 1.4 % JP Morgan Bank

  14. Slide 14: Q/A

    Q/A PROACT

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