Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — Q2 2022 Earnings Presentation
24 slides from Asseco South Eastern Europe's earnings presentation, Aug 3, 2022
Slide 1: ASEE Payten
4iasee Payten poasreco
Slide 2: Estimated Financial Results for Q2.2022 And Business Update
Estimated Financial Results for Q2.2022 And Business Update August 3rd, 2022 ALL FIGURES FOR Q2, H1 2022 IN THIS PRESENTATION ARE ESTIMATES NOT REVIEWED BY AUDITOR ESTIMATES DOES NOT INCLUDE EFFECT OF HYPERINFLATION REPORTING OFFICIAL RESULTS WILL BE PUBLISHED ON 17 AUG 2022
Slide 3: 2Q'22: Highlights
2Q’22: Highlights • Strong second quarter showing 20% YoY EBIT growth driven by Payment and Dedicated Solutions • Dedicated Solutions growth in ITS – Intelligent Transport Systems continued (highways, tunnels, smartcity) • Significant growth in eCommerce • Traditional POS related services solid quar
Slide 4: 2Q 2022 results
avasee Payten 2Q 2022 results
Slide 5: Q2 2022 ASEE Best Deals
Q2 2022 ASEE Best Deals. Banking Business Unit Dedicated solutions • Anti Money Laundering solution for a bank in Serbia • PKI VAS improvement of the PKI cloud service for a state agency in • SxS and Mobile Adaptive Elements for a bank in Croatia Serbia • LIVE Contact Center for company in Croatia •
Slide 6: Q2 2022 Payten Best Deals
Q2 2022 Payten Best Deals. E-commerce ATM and POS Related Services • Merchant Safe Unipay payment gateway solution at • Regional ATM delivery deal for a client operating in SEE a medium size software company to renew its fleet – deliveries will be made in 6 countries: • 159 new Paratika Virtual POS
Slide 7: 2Q'22: Double digit margins growth
2Q’22: Double digit margins growth mEUR mPLN Q2 2022 Q2 2021 % Diff Q2 2022 Q2 2021 % Diff Revenue 74.7 60.3 +23.7% 346.3 273.0 +26.9% EBITDA 15.9 13.5 +17.4% 73.6 61.1 +20.3% EBIT 11.2 9.3 +20.1% 52.0 42.2 +23.1% NPAT 9.8 7.7 +27.8% 45.7 34.8 +31.1% EBITDA % 21.2% 22.4% EBIT % 15.0% 15.5% EBIT non-
Slide 8: 2Q'22: Growth driven by Payment and Dedicated Solutions
2Q’22: Growth driven by Payment and Dedicated Solutions Revenue EBITDA EBIT mEUR Q2 2022 Q2 2021 Diff Q2 2022 Q2 2021 Diff Q2 2022 Q2 2021 Diff 36 30 6 7 5 1 5 4 1 Payment Solutions 38.4 30.2 +8.1 9.3 8.1 +1.2 5.9 5.0 +1.0 Non-Payment 36.3 30.1 +6.2 6.5 5.4 +1.1 5.3 4.3 +0.9 Banking Solutions 13.7 1
Slide 9: 2Q'22: Growth in all lines
2Q’22: Growth in all lines Revenue per BUs Q2 2022 Revenue mEUR Q2 2022 Q2 2021 Diff eCommerce eCommerce 13% 15% (13%) (12%) eCommerce 5.7 3.8 +2.0 Processing Processing 3% (4%) Processing 1.3 0.9 +0.3 3% (3%) POS 56% ATM ATM* 10.0 7.2 +2.8 (61%)POS 29% (31%) 55% (52%) ATM 26% POS** 21.3 18.3 +3.0 *
Slide 10: 2Q'22: Growth in five geographies
2Q’22: Growth in five geographies Revenue EBIT mEUR Q2 2022 Q2 2021 Diff % Diff Q2 2022 Q2 2021 Diff % Diff B&H 7.1 2.0 +5.2 +264% 1.7 0.4 +1.3 +348% Croatia 11.3 9.4 +1.9 +20% 1.2 2.0 -0.8 -40% Iberia 11.4 10.0 +1.4 +13% 1.3 0.9 +0.4 +39% Latam 1.4 1.5 -0.1 -5% 0.1 0.1 -0.0 -26% Macedonia 3.9 3.5 +
Slide 11: 1-2Q 2022 results
avasee Payten 1-2Q 2022 results
Slide 12: 1-2Q 2022: Double digit growths of results
1-2Q 2022: Double digit growths of results mEUR mPLN H1 2022 H1 2021 % Diff H1 2022 H1 2021 % Diff Revenue 141.7 115.6 +22.6% 658.0 525.7 +25.2% EBITDA 30.5 26.1 +17.0% 141.7 118.6 +19.5% EBIT 21.3 17.8 +19.8% 98.8 80.7 +22.3% NPAT 18.6 14.8 +25.7% 86.1 67.1 +28.3% EBITDA % 21.5% 22.6% EBIT % 15.0%
Slide 13: 1-2Q 2022: Growth in Payments and Dedicated Solutions
1-2Q 2022: Growth in Payments and Dedicated Solutions Revenue EBITDA EBIT mEUR H1 2022 H1 2021 Diff H1 2022 H1 2021 Diff H1 2022 H1 2021 Diff 71 59 12 13 11 2 10 9 1 Payment Solutions 71.0 56.7 +14.3 18.0 15.3 +2.7 11.3 9.0 +2.3 Non-Payment 70.7 58.9 +11.8 12.5 10.8 +1.7 10.0 8.7 +1.3 Banking Soluti
Slide 14: 1-2Q 2022: POS and eCommerce growth
1-2Q 2022: POS and eCommerce growth Revenue per BUs H1 2022 Revenue mEUR H1 2022 H1 2021 Diff eCommerce eCommerce 13% (13%) 15% (13%) eCommerce 11.0 7.4 +3.5 Processing Processing 3% (4%) Processing 2.4 1.8 +0.6 3% (3%) ATM ATM* 17.0 13.4 +3.6 POS 57% POS 29% (31%) (60%) 55% (52%) ATM 24% POS** 40.6
Slide 15: 1-2Q 2022: Biggest growth in three regions
1-2Q 2022: Biggest growth in three regions Revenue EBIT mEUR H1 2022 H1 2021 Diff % Diff H1 2022 H1 2021 Diff % Diff B&H 13.1 3.7 +9.4 +254% 2.8 0.7 +2.1 +294% Croatia 21.2 17.5 +3.7 +21% 1.7 2.5 -0.8 -33% Iberia 20.0 18.8 +1.2 +7% 2.5 1.8 +0.7 +42% Latam 2.6 2.5 +0.1 +4% 0.1 0.1 +0.0 +64% Macedonia
Slide 16: Liquidity
avasee Payten Liquidity
Slide 17: Strong Net Cash position
Strong Net Cash position mEUR 30 Jun'22 2021 YE Diff Cash and short term investments 57.7 50.2 7.4 Lease liabilities -10.4 -11.8 1.4 Bank loans and credit lines -24.6 -18.6 -6.0 Deferred and contingent payments for acquisitions (short-term) -13.3 -9.5 -3.8 Net Cash 9.3 10.3 -1.0 Receivables and Prep
Slide 18: Strong operating cash flow in 2Q
Strong operating cash flow in 2Q mEUR H1 2022 LTM 2021 2020 Operating cash flow* 49.9 52.5 46.5 - Infrastructure for outsourcing -3.8 -3.5 -4.9 - infrastructure for IAD -0.4 -0.2 -0.5 - Capitalized R&D -0.5 -0.3 -0.2 - M&A -31.5 -31.7 -4.2 - Other CAPEX -6.4 -5.3 -2.7 Free cash flow 7.2 11.5 34.0 De
Slide 19: Outlook for 2022
avasee Payten Outlook for 2022
Slide 20: ASEE + Payten
ASEE + Payten mEUR Q3 2022F * Q3 2021 % Diff mEUR 2022F * 2021 % Diff Revenues BL 75.0 54.1 +38% Revenues BL 281.2 214.7 +31% Margin1 BL 48.9 39.3 +24% Margin1 BL 193.5 156.8 +23% 60 250 50 +24% +23% 200 40 150 30 48.9 39.3 100 193.5 20 50 156.8 10 0 0 Q3 2022F Q3 2021 2022F 2021 * backlog data as o
Slide 21: ASEE - Banking and Dedicated solutions
ASEE - Banking and Dedicated solutions mEUR Q3 2022F * Q3 2021 % Diff mEUR 2022F * 2021 % Diff Revenues BL 37.2 27.7 +34% Revenues BL 141.0 108.5 +30% Margin1 BL 23.0 18.8 +22% Margin1 BL 92.1 73.9 +25% 25 100 90 +22% +25% 20 80 70 15 60 50 10 23.0 18.8 92.1 40 30 73.9 5 20 10 0 0 Q3 2022F Q3 2021 2
Slide 22: Payten
Payten mEUR Q3 2022F * Q3 2021 % Diff mEUR 2022F * 2021 % Diff Revenues BL 37.8 26.4 +43% Revenues BL 140.3 106.2 +32% Margin1 BL 25.9 20.5 +26% Margin1 BL 101.5 82.9 +22% 30 120 25 +26% 100 +22% 20 80 15 60 25.9 101.5 10 20.5 40 82.9 5 20 0 0 Q3 2022F Q3 2021 2022F 2021 * backlog data as on July 25
Slide 23: ASEE Asseco Group
ASEE Asseco Group www.see.asseco.com www.asseco.com linkedin.com/company/Asseco SEE @asseco_group youtube.com/user/AssecoSEE linkedin.com/company/asseco-group facebook.com/AssecoSEE 23
Slide 24: Legal disclaimer
Legal disclaimer The content presented in this presentation is subject to copyright protection and has the ownership title. Texts, graphics, photographs, sound, animations and videos as well as their distribution in the presentation are protected under the Copyright and related rights Law. Unauthori
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