Zalaris Asa · OSL:ZAL
Zalaris Asa — Q2 2015 Earnings Presentation
13 slides from Zalaris Asa's earnings presentation, Aug 20, 2015
Slide 1: Interim report | Second quarter 2015
Interim report | Second quarter 2015 Oslo, 20 August 2015
Slide 2: Presenters and agenda
Presenters and agenda Agenda • Highlights for the quarter Hans-Petter Mellerud Founder and CEO • Financial performance • Regional trends Nina Stemshaug • Outlook CFO © 2015 2014 Zalaris Page: 2
Slide 3: At a glance: Strongest ever first six months
At a glance: Strongest ever first six months Strong financials Strategic milestones • Strongest ever first six months of • Increased sales efforts generate year. 28.4% revenue growth year-on- results year and 10.0% EBIT margin – Selected as supplier to large Norwegian state-owned company • Revenues
Slide 4: Growth continues. Seasonal fluctuations
Growth continues. Seasonal fluctuations Operating revenues (in NOK million) Baltics & 100 Poland 2 % • Growth of 30 % year-on-year 90 reflects increase in number of HR Finland 12 % Outsourcing customers 80 • Year-end activities drive Q1 70 Denmark 16 % revenues in both 2014 and 2015 60 • Q2 this yea
Slide 5: Operating profit in line with expectations
Operating profit in line with expectations Operating profit (EBIT in NOK million excluding one-off costs) NOK million Profit margin in % • NOK 8.9 million operating profit in line 12 11,7 with expectations 9,9 • Profitable growth in Outsourcing 10 8,9 combined with high utilisation in 8,3 Consulting
Slide 6: Recurring revenue from HR Outsourcing and new customers are main drivers for growth
Recurring revenue from HR Outsourcing and new customers are main drivers for growth HR Outsourcing Consulting Cloud services Revenues Revenues1 Revenues in NOK million in NOK million in NOK million 89 69 2,9 1,9 0,3 0,8 Q2 14 Q2 15 Q2 14 Q2 15 Q2 14 Q2 15 • Largest segment, main engine for • Continu
Slide 7: Positive cash flow from operations, strong financial position
Positive cash flow from operations, strong financial position Cash and cash flows Q2 2015 • Cash flow from operating activities in Q2 In NOK million 15 was NOK 9.1 million compared with 80 negative NOK 3.8 million in Q2 14 9.1 6.3 • Investments mainly related to product development, functionality 60
Slide 8: We continue to invest to support our ambitions within Cloud and Business Process as a Service solutions
We continue to invest to support our ambitions within Cloud and Business Process as a Service solutions • Summer 2015 release of portal successfully launched and well received by customers • New security solution in place for apps and mobile solutions based on customer feedback. Paves way for accell
Slide 9: Market perspective. Large untapped potential in the Zalaris target market
Market perspective. Large untapped potential in the Zalaris target market of 20 largest companies in each country Number of employees in Nordic companies Current Current Zalaris’ with more than 1000 outsourcing market share employees penetration 24 %* 40 % 95,000 239,000 Outsourced Other providers 9
Slide 10: Summing up. Best ever first half year. Well positioned for continued growth
Summing up. Best ever first half year. Well positioned for continued growth • We continue to see strong interest in our services. Pipeline of new opportunities is increasing as a result of increase sales efforts and publicity from recent awards • Break-through contract with state-owned company expec
Slide 11: Important Notice
Important Notice This Presentation includes certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements relate to future circumstances and results and other statements that are not
Slide 12: Questions?
Questions?
Slide 13: Thank you!
Thank you! Hans-Petter Mellerud CEO & Founder Zalaris HR Services AS hans-petter.mellerud@zalaris.com PO Box 1053 Nina Stemshaug NO-0218 Oslo CFO Tel: +47 4000 3300 nina.stemshaug@zalaris.com www.zalaris.com