Cy4gate Spa · MIL:CY4
Cy4gate Spa — H1 2021 Earnings Presentation
22 slides from Cy4gate Spa's earnings presentation, Sep 23, 2021
Slide 1: 1H 2021 Results
September 23, 2021 1H 2021 RESULTS
Slide 2: Agenda
AGENDA INVESTOR PRESENTATION CY4GATE AT A GLANCE 1H 2021 RESULTS MARKETS & PRODUCTS STRATEGY & OUTLOOK APPENDIX 2
Slide 3: CY4GATE at a Glance
CY4GATE at a Glance INVESTOR PRESENTATION CY4GATE a listed company at AIM Italia operating in the 360° Strategic and cyber market, was founded in 2014 by Elettronica S.p.A (which M&A has been a leader for more than 60 years in the field of Committee Electronic Countermeasures and which is nowadays t
Slide 4: Markets & Products
MARKETS & PRODUCTS
Slide 5: Markets
Markets INVESTOR PRESENTATION GLOBAL OPENSOURCE INTELLIGENCE (OSINT) MARKET GLOBAL LAWFUL INTERCEPTION MARKET 7.3 2.3 6.2 1.8 5.3 4.5 1.5 3.9 3.3 1.2 0.9 0.8 B€ B€ 2018 2019 2020 2021 2022 2023 2018A 2019A 2020E 2021E 2022E 2023E CYBERSECURITY ANALYTICS, INTELLIGENCE, RESPONSE 25 AND ORCHESTRATION (
Slide 6: One-Stop-Shop Approach with a Wide Range of Proprietary Products
One-Stop-Shop Approach with a Wide Range of Proprietary Products INVESTOR PRESENTATION A unique, defensive and offensive platform of integrated HW and SW proprietary modules to gather, collect, analyze, protect or disrupt data and networks, and to extract and disseminate operational meaningful infor
Slide 7: 1H 2021 Results
1H 2021 RESULTS
Slide 8: 1H 2021 Financial Highlights
1H 2021 Financial Highlights INVESTOR PRESENTATION Keep on proprietary SW products commercialization, enabling revenues growth and solid margin and cash generation REVENUES R&D INVESTMENTS 1,9 YoY % 5,0 YoY % +25.1% +59.0% 4,0 1,2 1H 2020 1H 2021 1H 2020 1H 2021 EBITDA NET PROFIT 47.2% 34.7% Margin
Slide 9: Revenues Breakdown 1H 2021
Revenues Breakdown 1H 2021 INVESTOR PRESENTATION By Clients By Type 91% 78% 56% 51% 49% 44% 22% 9% 1H 2021 1H 2020 1H 2021 1H 2020 Corporate Pubblic Administration Products Services By Geographycal Area 89% • By clients: improved penetration in the corporate 68% market • By Type: focused on products
Slide 10: Profit & Loss 1H 2021
Profit & Loss 1H 2021 INVESTOR PRESENTATION €/000 1H 2021 1H 2020 Executive Summary: Revenues 4,204 2,716 LIC change 807 1,288 • Production Value: includes the R&D Operating revenues 5,011 4,005 investments for € 1.9 million R&D investments 1,870 1,176 • Personnel costs: +93% YoY mainly due to new O
Slide 11: Investments
Investments INVESTOR PRESENTATION • Significant investment in staff: +31 FTE YoY • +22 direct staff: reinforced to meet the needs of R&D projects and upcoming contractual deliveries. • 50% of incremental staff cost, around €700/k, invested in R&D activities • +9 resources mainly related to strengthe
Slide 12: Net Debt & Cash Flow Analysis: Post IPO – June 2021
Net Debt & Cash Flow Analysis: Post IPO – June 2021 INVESTOR PRESENTATION €/000 Positive Items Negative Items Total 12
Slide 13: Asset & Liabilities 1H 2021
Asset & Liabilities 1H 2021 INVESTOR PRESENTATION €/000 1H 2021 FY 2020 Intangible fixed assets 8,123.6 4,659.3 Executive Summary: Tangible fixed assets 657.4 639.3 Fixed assets 8,781.0 5,298.6 Finished products warehouse 217.3 251.0 • Fixed Assets: increase deriving from Work in progress warehouse
Slide 14: Strategy & Outlook
STRATEGY & OUTLOOK — LIETTITT LT Te SMITTY TT SAARAB am ae © ELETTRONICA GROUP
Slide 15: High Potential Momentum for Value Creation
High Potential Momentum for Value Creation INVESTOR PRESENTATION Significant commercial opportunities on the foreign market and on the Italian government Attractive and growing markets: Cyber Intelligence and Cyber Security • 360° cyberhouse: unique in the Italian competitive landscape • Robust tech
Slide 16: Strategic Plan fueled by both Organic and External Growth
Strategic Plan fueled by both Organic and External Growth INVESTOR PRESENTATION Strategy pillars Commercial/ Salesforce development to improve Italian market penetration coupled with reinforced commercial efforts Sales to strengthen agreements with key partners Products Creation of integrated soluti
Slide 17: M&A Target: RCS LAB
M&A Target: RCS LAB INVESTOR PRESENTATION RCS LAB is the main Italian supplier of interception tools. It is headquartered in Milan, Italy, and its customers include public prosecutors, law enforcement agencies, and secret services, to whom it supplies software for environmental, telephone and telema
Slide 18: Thank You
© ELETTRONICA GROUP
Slide 19: High-Standing Customer Base in Diversified End Markets
High-Standing Customer Base in Diversified End Markets INVESTOR PRESENTATION CY4’s main customers are currently Public entities and Governments and the company is already well-equipped to enlarge its customer portfolio to corporates REVENUES BY CUSTOMER TYPE MAIN CLIENTS 2018 2019 2020 11% 11% Publi
Slide 20: CY4GATE Value Proposition and Main Benchmarks
CY4GATE Value Proposition and Main Benchmarks INVESTOR PRESENTATION 20
Slide 21: Contacts
CONTACTS INVESTOR PRESENTATION CFO & IR MANAGER IR ADVISOR FOLLOW US: Marco Latini CDR Communication marco.latini@cy4gate.com Silvia Di Rosa silvia.dirosa@cdr-communication.it Luca Gentili luca.gentili@cdr-communication.it 21
Slide 22: Disclaimer
DISCLAIMER INVESTOR PRESENTATION THIS PRESENTATION AND ANY OTHER INFORMATION DISCUSSED AT THE PRESENTATION (THE “PRESENTATION”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION, WHICH HAS BEEN PREPARED BY CY4GATE S.p.A. (THE “COMPANY”), IS PRELIMIN