Accesso Technology Group Plc · LSE:ACSO
Accesso Technology — H1 2020 Earnings Presentation
21 slides from Accesso Technology's earnings presentation, Sep 16, 2020
Slide 1: Interim Results
Interim Results September 16", 2020 IAA
Slide 2: Agenda
1H Overview 1H Financial Results Longer-lerm Priorities BhWN = Summary & Outlook
Slide 3: 1H Overview
® accesso 1H Overview ll VY
Slide 4: Building Resilience & Refocusing Our Business
® accesso Building Resilience & Refocusing Our Business Challenge Innovation Success decisively to Adapting our technology reinforce our business to the ‘new normal’ customers as they reopen
Slide 5: Action — Moving Swiftly To Reinforce Our Business
accesso Action — Moving Swiftly To Reinforce Our Business OBJECTIVE ACTIVITY OUTCOME ncial resilience gthen revenue generation ine product strategy; imp! I einforce culture 8 dil Hernanc * Maura Schiefelbein, S 9 Staffing positi urther 62 post-s operating cost t at of crisis et Long-Term OpEx + Temp
Slide 6: Innovation — Supporting The New Normal
® accesso Innovation — Supporting The New Normal * Supporting social distancing at scale AY, 2+ Expansion from premium model to baseline LoQueue sieringiorsi guests * Industry shifting to 100% online booking , - J) OS oes, Developed and deployed end to-end resenation Theme Parks Passport solution al
Slide 7: Success — Customer Wins & New Opportunities
® accesso Success — Customer Wins & New Opportunities Clear drivers SOCIAL DISTANCING ONLINE BOOKING REVENUE FOC Adaptable technology -hnology Group, ple Clear results WwW pare ae, WALIBi Ww VILLAGE ROADSHOW THEME PARKS Gfiday Wort & Splashin’ SAFARI n> Crosssellwins — ' i 2 | Ski Zoo 1 ShoWare I ag
Slide 8: 1H Financial Results
® accesso 1H Financial Results 2 UZ
Slide 9: Financial Headlines
accesso Group revenue of $24.6m 49.1% transactional revenue Net Cash $30.8m Cash EBITDA loss $10.4m vvvyv Ahead of the Group's revised expectations Severely impacted by COVID-19 Benefiting from the $46.1m raised by the Group in May 2020 Reflecting the COVID- 19-related impact on revenue Financial He
Slide 10: Income Statement
accesso Vv Discussion and Analysis * Gross profit increase primarily results from a change in sales mix. * Reduction in administrative expense achieved through swift and decisive cost cutting. * Finance income relates principally to a positive mark to market movement on a GBP to USD forward currency
Slide 11: Alternative Performance Measures
accesso 4 Discussion and Analysis * COVID-19 enforced closures drives negative $10.4m Cash EBITDA. + Deferred equity consideration on TE2 acquisition fully amortises at July 2020, tapering off due to waterfalled vesting. * Amortisation of intangibles significantly reduced due to TE2 and Ingresso acq
Slide 12: Revenue By Geography
acceso Revenue By Geography vV Discussion and Analysis ($ in thousands) 1H2020__1H2019 % ° oe the ue mise ae one Europe were largely United Kingdom 2330 12.001 (80.6%) rom mid-March until early July. cosea tt yoy Other Europe 484 1,610 (69.9%) * Australia and South Pacific began partial and limited
Slide 13: Revenue By Type
accesso Vv Discussion and Analysis * The Group's transactional revenue significantly impacted by the COVID-19 pandemic. * Licence revenue is 29.5% down on the prior period largely due to some large scheduled POS implementations in 1H 2019 that did not recur in 1H 2020 in combination with some custom
Slide 14: Segment Development
accesso Vv Discussion and Analysis * Ticketing revenue down 41.7% as a result of closures in both attractions and live entertainment venues from April through June. * Distribution decrease reflects closure of UK theatre market in late March through to period end. * Queueing revenue down 70.7% reflec
Slide 15: Cash Flow
acoso Cash Flow W (Sin thousands) 1H 2020 1H 2019 Change Underlying cash from operations (9,167) (4,496) (4,671) Discussion and Analysis Tax (2,728) 1,761 (4,489) * Swift and decisive cost management Capitalised development costs (3,010) (10,040) 7,030 programme and working capital Other capital exp
Slide 16: Longer-Term Priorities
® accesso 3 Longer-Term Priorities
Slide 17: Focus Remains On Strategic Pillars Despite Crisis
® accesso Focus Remains On Strategic Pillars Despite Crisis xe Product Roadmap Expanded leadership alongside full organisational realignment Early progress during 2020 Long-term roadmap work underway Operational Efficiency Significant progress with new baseline staffing level Rebuilding other costs
Slide 18: Underlying Dynamics In Our Favour
® accesso Underlying Dynamics In Our Favour DIGITAL TRENDS ACCELERATING MISSION-CRITICAL TECHNOLOGY POSITIONED FOR ANY UPSWING 18
Slide 19: Customer Base Remains Intact
Tou, Race dh Believe It Bh : “ty, ZEDGE YS, g Pees Sain BFAIRK ow Ka es 0 % S ® % < accesso ‘oo Customer Base Remains Intact @ ARTISTARENA, * , ~~, Pie es = J 9: a | Ai ‘ui z Me \ A po i \, O-o & = / Sih» o >?) Solutions Touch uliiegs 35M sixfFlags 7 Venues in ] 30 Countries Guests Per Year C27 code
Slide 20: Summary & Outlook
® accesso . Summary & Outlook
Slide 21: Summary & Outlook
® accesso Summary & Outlook Ga) NV, RTE Performance ahead of our revised expectations Challenge confronted Strong action across the —_ Positive signs in reopened business — realistic about venues showing pent-up potential future impact demand <Or NZ Clarity on 2020 Revenue =>$48m Operating cost aver
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