Allgeier Se · XETR:AEIN
Allgeier — Investor Presentation (December 2022)
22 slides from Allgeier's investor presentation, December 2022
Slide 1: Investor Presentation December 2022
Investor Presentation December 2022
Slide 2: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 3: At a glance
At a glance Allgeier is a software and IT services company specialized in the digitization of mission-critical enterprise processes Allgeier is a proven €403m Revenue 20211 Broad and stable customer specialist in the 11% Adj. EBITDA margin base of large enterprises, digitization 20211,3 medium-sized
Slide 4: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 5: Market trends
Market trends Allgeier is driven by major software & IT services market trends and the huge demand for digital transformation German IT & software Investment in the digitization Global spending on services market1 of public administration in digital transformation Germany3 technology & services5 €76
Slide 6: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 7: Business overview: two segments with strong brands
Business overview Allgeier organizes its software & IT services in two segments with strong & well-established brands Allgeier Enterprise IT mgm technology partners www.allgeier.com 7
Slide 8: Allgeier Enterprise IT specialized in large digital transformation projects
Allgeier Enterprise IT is specialized in large digital transformation projects with recurring nature at the core of the customers’ operations Full-range IT solutions & Focused on large IT & software • Open-source/E-government software services provider for projects for digital • Cyber security trans
Slide 9: Allgeier Enterprise IT has a broad base of customers
Allgeier Enterprise IT has a broad base of enterprise, Mittelstand & public customers … Customer story Vodafone Project OneDMS: Selected clients • Building a central document collaboration platform for Vodafone in Germany and other countries as well as subsidiaries of Vodafone • Migration of >4.5bn
Slide 10: Across major industries with significant growth potential
… across major industries and with significant growth potential Customer diversification1 Number of accounts1 Industry segmentation1 >2,000 20 % 47 % Outside Top 10 11% Top 100 45 4% 28% 5% €308m 16% 19% 33 % 17% 4 Top 11-100 >€10m >€1m <€1m Public sector Banks & Insurance IT Manufacturing Trade Hea
Slide 11: Allgeier Enterprise IT continues increase in earnings & margins
Allgeier Enterprise IT continues increase in earnings & margins Revenue1 in € m Gross profit & margin1 in € m Adj. EBITDA & margin1,2 in € m 23 % 25 % 29 % 5% 8% 10 % 313 308 95 90 29 31 12 12 92 278 87 87 27 27 11 81 81 73 70 24 23 76 75 75 75 76 71 22 16 68 67 69 21 20 19 19 8 8 18 18 18 18 7 7 17
Slide 12: mgm technology partners high-end specialist for digitization
mgm technology partners is a high-end specialist for digitization, disruptive technology & consulting services High-end specialist for One of the leading service • High-end software development secure, highly scalable and providers for e-government • E-government & E-commerce available online portal
Slide 13: mgm technology partners key public & enterprise accounts
mgm technology partners’ ongoing success is underlined by key public & enterprise accounts Customer story ELSTER Selected clients • mgm platforms are used by millions of users every day – the most prominent platform is the electronic tax system ELSTER • ELSTER is the largest and best-known e-governm
Slide 14: mgm technology partners in-depth know-how in e-government & commerce
mgm technology partners has in-depth know-how in e-government & commerce Customer diversification1 Number of accounts1 Industry segmentation1 >200 12 % 79 % 3% Outside Top 10 3% Top 20 9% 12 10% 39% 9% €98m Top 11-20 2 36% >€10m >€1m <€1m Commerce Public sector Banks & Insurance Manufacturing IT Oth
Slide 15: mgm technology partners accelerates growth with high profitability
mgm technology partners accelerates its growth with high profitability Revenue1 in € m Gross profit & margin1 in € m Adj. EBITDA & margin1,2 in € m 36 % 39 % 41 % 17 % 21 % 23 % 98 28 40 13 22 7 83 26 26 26 25 32 11 18 6 6 6 77 11 24 23 28 10 10 13 5 5 22 10 5 5 5 21 21 9 9 20 20 19 19 19 8 8 4 4 7
Slide 16: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 17: Allgeier P&L shows growth and continuous margin improvement
Group financials Allgeier P&L shows growth and continuous margin improvement Revenue1 in € m Gross profit & margin1 in € m Adj. EBITDA & margin1,2 in € m 26 % 29 % 32 % 5% 9% 11 % 403 129 45 379 352 123 102 41 17 117 99 40 16 112 112 36 34 14 98 98 99 92 97 95 32 30 91 92 87 85 89 29 29 29 28 11 27
Slide 18: Balance sheet ratios offer leeway for further M&A
Group financials Balance sheet ratios offer leeway for further M&A Operating Cashflow development in € m1 H1 2022 Net debt in € m1 €200m 69 Net leverage2 Revolving credit facility 1.9 x by a bank consortium 134 + 29 €60m 1 HY 12 22 2 HY 107 18 Promissory note loan 45 by a bank consortium 4 0 3 with
Slide 19: Guidance for 2022 and mid-term forecast
Group financials Guidance for the 2022 financial year and mid-term forecast: Further revenue growth & margin expansion Mid-term FY 2022 (next 3 yrs) Organic Revenue €480-520m growth rate of 10-15% Adjusted €63-69m (corresponding to 15% margin EBITDA1 a margin of 13-14%) www.allgeier.com 1) EBITDA be
Slide 20: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 21: Allgeier is creating sustainable shareholder value
Value creation highlights Allgeier is creating sustainable shareholder value at the core of digitization Digitization is disrupting any business. Digitization drives our business. We address the need of our customers for change-the-business projects. Modern software solutions are a key competitive d
Slide 22: Contact
Postal address Contact Web Follow us on LinkedIn Allgeier SE Investor Relations www.allgeier.com/en/investor-relations Einsteinstrasse 172 – Blue Tower ir@allgeier.com D-81677 Munich Phone: +49 89 998421-0