Netcompany Group A/s · OMXCOP:NETC
Netcompany Group A/s — Q3 2021 Earnings Presentation
27 slides from Netcompany Group A/s's earnings presentation, 2021
Slide 1: Q3 21
Q3 21 © Copyright 2021 Netcompany. All rights reserved.
Slide 2: Important information
Important information This report contains forward-looking statements could cause actual results to differ materially from decreases for Netcompany’s products, introduction of including, but not limited to, the statements and those predicted in the forward-looking statements and competing products,
Slide 3: Presenters
Presenters …will go through the business highlights for Q3 2021 and our …will go through the financial guidance for 2021. highlights for Q3 2021.
Slide 4: Highlights Q3 2021
Highlights Q3 2021 Adjusted Revenue EBITA Average FTEs Adjusted Gross profit EBITA margin
Slide 5: Employee development Q3
Employee development Q3 #FTEs increased to 3,238
Slide 6: New contracts
HIGHLIGHTS @3 2021 New contracts SKI ds Netcompany is one of the winners for the SKI 02.17 framework agreement based on project and outcome-based deliveries. The framework agreement amounts DKK 2.3 Billion in the next 4 years. Lr DIGITALISERINGSSTYRELSEN Netcompany has re-won the tender for borger.d
Slide 7: Status on acquisitions
Status on acquisitions Norway UK Netherlands Revenue Adj. EBITA bef. HQ costs Focus areas Pipeline Other comments
Slide 8: Revenue visibility, DKK million
Revenue visibility, DKK million Public segment Private segment Total Netcompany Group
Slide 9: Guidance 2021
Guidance 2021 Updated Updated Actual Financial metrics in constant Original target target performan currencies target 2021 2021 30/6 2021 ce 2020
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 11: Income statement Q3
Income statement Q3 Q3 2021 Q3 2020 change Comments Revenue 798.0 694.7 14.9% Costs of services -469.6 -401.4 17.0% Sales and marketing costs -5.7 -4.3 32.5% Administrative costs -122.8 -93.6 31.3% Special Items -30.0 0.0 N/A Amortisation -9.0 -25.3 -64.4% Net financials -6.2 -6.2 -1.5% Income / los
Slide 12: Revenue Q3
Revenue Q3 Revenue in DKK million Comments
Slide 13: Gross profit margin Q3
Gross profit margin Q3 Gross profit margin Comments
Slide 14: Adjusted EBITA margin Q3
Adjusted EBITA margin Q3 Adjusted EBITA margin (before allocated cost from HQ) Comments
Slide 15: Cashflow Q3
Cashflow Q3 Q3 2021 Q3 2020 change Comments Operating profit (EBIT) 160.9 170.2 -5.5% Depreciation and amortisation 30.2 41.8 -27.8% Non-cash items 5.8 4.3 34.8% Working capital changes -6.0 -56.0 -89.2% Exchange changes on cash in foreign currencies -0.2 -0.8 -73.8%
Slide 16: Status on the acquisition of Intrasoft International S.A.
Status on the acquisition of Intrasoft International S.A. Key metrics¹ Comments Segments
Slide 17: netcompany
netcompany
Slide 18: Appendix
APPENDIX
Slide 19: Public segment Q3
Public segment Q3 Q3 2021 Q3 2020 change Comments Revenue 461.6 436.3 5.8% Costs of services -281.0 -263.9 6.5% Gross profit margin 39.1% 39.5% -0.4pp Allocated costs -71.5 -57.5 24.4% Adjusted EBITA margin before allocated HQ cost 23.6% 26.4% -2.7pp Allocated cost from HQ -6.3 -6.4 -1.6% Special it
Slide 20: Private segment Q3
Private segment Q3 Q3 2021 Q3 2020 change Comments Revenue 336.4 258.4 30.2% Costs of services -188.6 -137.5 37.1% Gross profit margin 43.9% 46.8% -2.8pp Allocated costs -46.5 -30.6 51.9% Adjusted EBITA margin before allocated HQ cost 30.1% 34.9% -4.8pp Allocated cost from HQ -4.2 -3.4 25.4% Special
Slide 21: Work in progress overview
Work in progress overview Work in progress compared to revenue Comments
Slide 22: Working days
Working days 2020 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Denmark Norway UK Netherlands
Slide 23: Statement of financial position
Statement of financial position 30 September 30 September 30 September 30 September 2021 2020 2021 2020 Intangible assets 2,424.0 2,474.7 Share capital 50.0 50.0 Tangible assets 220.9 145.7 Treasury shares -220.5 -175.0 Deferred tax assets 12.5 9.4 Share-based remuneration 63.4 35.4 Other receivable
Slide 24: Currency exposures Q3
Currency exposures Q3 DKK NOK GBP EUR VND PLN NOK GBP EUR
Slide 25: Free cash flow
HIGHLIGHTS @3 2021 Free cash flow * Tax normalised +19.1% 210.5 173.8 136.9 115.0 75.7, ~49.2 Q2 2020 Q3 2020 Q@4 2020 Ql 2021 Q2 2021 Q3 2021 netcompany 25
Slide 26: Cash conversion rate
HIGHLIGHTS @3 2021 Cash conversion rate a 452.3% Y 118.5% 110.6% 103.0% 77.8% 65.4% ~41.2% Q2 2020 Q3 2020 Q@4 2020 Ql 2021 Q2 2021 Q3 2021 * Tax normalised & without the fair value adjustment for contingent liabilities netcompany 26
Slide 27: We are committed
WE ARE COMMITTED www.netcompany.com netcompany