Trifork Group Ag · OMXCOP:TRIFOR
Trifork — Q2 2022 Earnings Presentation
32 slides from Trifork's earnings presentation, Aug 18, 2022
Slide 1: High Organic Growth in Challenging Times
Q2 & 6M 2022 REPORT INVESTOR/ANALYST PRESENTATION - 18 AUGUST 2022 High Organic Growth in Challenging Times
Slide 2: Presenters
PRESENTERS CEO - MEMBER OF EXECUTIVE MANAGEMENT CFO - MEMBER OF EXECUTIVE MANAGEMENT Jørn Larsen Kristian Wulf-Andersen Year of joining EM 1996 Year of joining EM 2007 Year of birth 1966 Year of birth 1971 Gender Male Gender Male Nationality Danish Nationality Danish Educational background Mechanica
Slide 3: Disclaimer - Important Information
DISCLAIMER ・ IMPORTANT INFORMATION This presentation contains forward-looking statements including, but not limited to, statements and expectations concerning expected or projected earnings, strategies, trends and developments. Forward-looking statements are statements (other than statements of hist
Slide 4: High Organic Growth in Challenging Times
Q2 & 6M 2022 REPORT INVESTOR/ANALYST PRESENTATION - 18 AUGUST 2022 High Organic Growth in Challenging Times
Slide 5: Continuous Growth
Continuous Growth Revenue from acquisitions Revenue 180 - 185 2022 revenue guidance 158.5 20.5 138.0 115.4 106.4 86.5 GR CA 91.7 24 % 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022G 5
Slide 6: Main Events
Main Events BUSINESS HIGHLIGHTS IN Q2 2022 Inspire Run 1 - Relaunch of physical conferences across the board resulting in a 3 - Non-capitalized investments of EURm 0.4 in new operation positive EBITDA for Q2/2022 centres in Denmark and Switzerland - Cumulative 36.0 million views on our YouTube tech-
Slide 7: Financial highlights
Financial highlights REVENUE GROWTH KEY FINANCIALS KEY STATISTICS Organic growth ▪︎ 61 Business Units In-organic growth EUR 45.9 m 17.8% ▪︎ 25 Active Trifork Labs Startups Revenue Q2 2022 organic Q2 2022 revenue revenue growth ▪︎ 1,021 Employees Deconsolidated revenue 17.8% ▪︎ 36.0 million views on
Slide 8: Strategic priorities in 2022
Strategic priorities in 2022 Perfecting the Trifork way ▪︎ Solidifying our culture by BUL-trainings ▪︎ Relaunching physical presence & investing in team- building ▪︎ Restarting in-person conferences Grow European position ▪︎ Labs investments in Arkyn, Kashet, etc. ▪︎ Total H1 2022 revenue growth out
Slide 9: Trifork's Inspire - Build - Run, Trifork's R&D
Trifork’s Inspire - Build - Run Trifork’s R&D ▪︎ 61 business units across 12 countries ▪︎ 25 active Labs investments ▪︎ Majority & active controlling ▪︎ Minority investments 9
Slide 10: The Trifork go to Market Model
The Trifork go to Market Model 2.9% Inspire ▪︎ Q2 2022 revenue of EURm 2.2 compared to EURm 0.4 in 2021 ▪︎ Two in-person GOTO conferences in Amsterdam and Aarhus plus other smaller conferences being restarted 22.0% Build ▪︎ Q2 2022 revenue of EURm 33.7 (13.7% organic growth when adjusted for deconso
Slide 11: Quality Reporting Platform for increased Patient Security
DIGITAL HEALTH Quality Reporting Platform for increased Patient Security - Driving a modernisation of Quality Reporting Platform - Information integrated from approx. 20 existing data sources into the database from various stakeholders - Entering a new and important business area of Data Driven Qual
Slide 12: Trifork Business Areas
Trifork 12.0% 8.8% 3.5% Business Areas 46.1% 10.1% 16.4% 12 Balloons: percentage of 6M 2022 Group revenue
Slide 13: Business Area highlights - Verticals
Business Area highlights - Verticals 12.0% 3.5% (1) 8.8% (1) (1) Fintech Digital Health Smart Building ▪︎ Existing strategic customers & new ▪︎ Kick-off development for Swiss healthcare ▪︎ TSBOne & TSBThree - in June highlighted collaborations company Blue Space Ventures as a top case in the magazin
Slide 14: Business Area highlights - Horizontals
Business Area highlights - Horizontals 46.1% (1) 12.0% (1) 16.4% (1) Smart Enterprise Cyber Protection Cloud Operations ▪︎ Work for Royal Greenland recognised by SAP ▪︎ Increased demand for managed security ▪︎ Further development of our operations ▪︎ Public: Won a new framework agreement with servic
Slide 15: Our Work
OUR WORK From Paper to Digital Quality Reporting State of the art data Transforming the Platform providing center supporting Danish Prenatal Security, Quality and 24/7 emergency Kashet Record Process Optimization hotline App-shielding, the Increased speed and Efficient and cost-efficient Reducing ba
Slide 16: Go-to-market model
Trifork Labs Activities Q2 2022 Go-to-market model ▪︎ Financing rounds in Kashet Group and Visikon ▪︎ Closed financing round for Arkyn Studios Inspire = ▪︎ Reorganization of Container Solutions Group (Programmable Infrastructure Solutions) Build = = = &MONEY Run FinTech Digital Health Smart Building
Slide 17: ESG update
STATUS AUGUST 2022 ESG update ESG principles and rating ▪︎ Compliance - EU Sustainability Taxonomy reporting and United Nations Global Compact participant in 2022 ▪︎ Got the first ESG-rating from S&P in Q2. Rating will be updated again later in 2022 Environment ▪︎ Offices - Progress toward 100% use
Slide 18: Smart Building
Smart Building • User-friendly building with connected solutions for a better planet • First building expected to be ready during 2022
Slide 19: Financial performance
Financial performance TRIFORK.
Slide 20: Trifork Group / Trifork segment Performance
Trifork Group / Trifork segment Performance REVENUE Q2 2022 Organic growth In-organic growth ▪︎ 14.9% total revenue growth compared to Q2 2021 Revenue 17.8% ▪︎ 17.8% organic growth when taking deconsolidation into Deconsolidated revenue 15.6% account ▪︎ 65% of revenue from private and 35% from publi
Slide 21: Trifork Segment Performance
Trifork Segment Performance ADJUSTED EBITDA EBITDA Q2 2022 ▪︎ Adj. EBITDA ▪︎ Down by -13.4% compared to Q2 2021 (including EURm -0.5 debtor write-off and EURm -0.4 investments in operation centers) -3.9% 9.8% ▪︎ EURm 6.4, equal to margin of 13.8% compared to 18.4% in Q2 2021 (if adjusted for debt wr
Slide 22: Trifork Group Performance
Trifork Group Performance ADJUSTED EBIT EBIT Q2 2022 ▪︎ Adj. EBIT ▪︎ Down -23.9% to EURm 3.0 compared to Q2 2021 ▪︎ Margin of 6.5% compared to 9.9% in Q2 2021 -6.4% 21.2% ▪︎ No adjustments for special items in 2022 (Q2 2021: EURm 0.1 IPO preparation costs) -23.9% -22.2% ▪︎ EBIT ▪︎ Down to EURm 3.0 c
Slide 23: Trifork Segment Performance
Trifork Segment Performance REVENUE BY SUB-SEGMENTS (EURM) ADJ. EBITDA AND MARGINS BY SUB SEGMENT IN 6M 2022 Inspire Build -5.0% 20.2% 14.1% n.m. 15.7% Run Others 22.0% 74.8% 2.2% 23
Slide 24: Inspire Sub-segment Performance
Inspire Sub-segment Performance REVENUE ADJUSTED EBITDA Q2 2022 Organic growth Revenue ▪︎ Revenue of EURm 2.2 compared to EURm 0.4 in Q2 2021 ▪︎ The ease of Covid-19 measures allowed us to complete in-person conferences ▪︎ Two GOTO conferences held in Amsterdam and 266.4% Aarhus. Two more GOTO and o
Slide 25: Build Sub-segment Performance
Build Sub-segment Performance REVENUE ADJUSTED EBITDA Q2 2022 Organic growth Revenue ▪︎ 10.1% total revenue growth (13.7% organic, Deconsolidated revenue adjusted for deconsolidation effects) ▪︎ Inorganic growth from acquisitions of Vilea Group and Strongminds ApS ▪︎ Growth widely distributed betwee
Slide 26: Run Sub-segment Performance
Run Sub-segment Performance REVENUE ADJUSTED EBITDA Q2 2022 Organic growth Revenue ▪︎ 11.8% total revenue growth (all organic) ▪︎ Strong growth in Cyber Protection ▪︎ Mostly recurring revenue ▪︎ Adj. EBITDA reduced by 22.9% to EURm 1.6 ▪︎ Adj. EBITDA margin of 16.2%, down from 16.9% 23.5% in Q2 2021
Slide 27: Run Sub-segment revenue split
Run Sub-segment revenue split Licenses and support Hardware Hosting and security EBITDA Margin 12000 12.1% 16.2% 23.5% 28.3% 16.4% 9000 28.5% 20.6% 22.6% 22.7% 15.7% 6000 3000 0 Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Q2/2022 27
Slide 28: Labs Segment Performance
Labs Segment Performance EBT (EURM) INVESTMENTS (EURM) Cash / cost in active investments Acc. unrealized gain Acc. realized gain (1) (1) Cash invested EURm 18.8 / Value retained from deconsolidated companies EURm 20.3 28
Slide 29: Cash flow and financial position
Cash flow and financial position NET LIQUIDITY/(DEBT) Q2 2022 Leverage ratio (net debt/adj. EBITDA) ▪︎ Operating cash flow of EURm 4.7 (EURm 10.1 in Q2 2021) - Net increase in net working capital of EURm 1.5 due to -1.0 -0.9 growth and seasonality -0.6 -0.7 ▪︎ Cash flow from investing activities of
Slide 30: Guidance (unchanged)
Guidance (unchanged) 2022 TARGETS Trifork segment adjusted Trifork Group Trifork Group revenue EBITDA EBIT Guidance 2022 EUR 180 - 185m EUR 30.5 - 33.0m EUR 16.5 - 19.0m (of which 12.5% - 15% organic growth) 30
Slide 31: We change the world with software.
We change Fast-growing and attractive market the world with Full-circle go-to-market model software. Forefront of innovation Track-record and profitable growth Agile teal organisation and strong team Three levels of sustainability 31
Slide 32: Thank You!
Thank You! State of the art data center supporting 24/7 emergency hotline Quality Reporting Platform Kashet From Paper to Digital providing Security, Quality Transforming the Danish Prenatal Record and Process Optimization Reducing baggage delays with Machine Learning Increased speed and efficiency