Nedap N.v · EURONEXT:NEDAP
Nedap — Investor Presentation (February 2022)
33 slides from Nedap's investor presentation, February 2022
Slide 1: Investor presentation February 2022
Investor presentation February 2022
Slide 2: Disclaimer
Disclaimer This presentation contains the Board of Directors’ forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. A number of factors could cause actual results or events to differ from the Board of Di
Slide 3: Contents
Contents Nedap at a glance Key propositions Financial updates 05 Technology for Life 17 !D Cloud 25 Key figures 06 Key facts 18 AEOS 26 Highlights 2021 07 Board of directors 19 CowControl™ 27 Financial statements 2021 20 Ons softwareplatform 29 Financial calendar Strategy Nedap investment propositio
Slide 4: Nedap at a glance
1 Nedap at a glance
Slide 5: Technology for Life
Technology for Life • Nedap focuses on Technology for Life: developing technological solutions that make people more successful and happier in their professional lives. We create True Value. • To have a positive impact on people’s professional lives this requires a people-centred approach; First Peo
Slide 6: Key facts
Key facts Revenue (2021) € 207 million Founded in Listed since High-tech 4 core 1929 1947 company technologies Market Cap (31-12-2021) € 419 million 800± Operating Profit Shared value Leading creation positions in 7 employees selected niche (2021) € 23.1 million markets ROIC Headquarters in Groenlo,
Slide 7: Board of directors
Board of directors Ruben Wegman (1966) - CEO Daniëlle van der Sluijs (1972) - CFO Rob Schuurman (1969) - CCO Joined Nedap in 1997 Joined Nedap in 2020 Joined Nedap in 2004 CEO since 2009 • Nedap board member since 2020 • Nedap board member since 2022 • Nedap board member since 2002 • Previously Grou
Slide 8: Strategy
2 Strategy
Slide 9: Our business model
Our business model Focus on 4 core technologies Leading positions in 7 niche markets 1. Healthcare 1. Connected devices 2. Identification Systems 2. Communications technology 3. Light Controls 3. Software architecture 4. Livestock Management 5. Retail 4. User eXperience 6. Security Management 7. Sta
Slide 10: Create - Scale - Core model
Create - Scale - Core model In more detail, we look at propositions in various stages of market adoption: CREATE SCALE CORE Create exploration and development: assessing leadership potential Scale growing towards maturity: gaining leadership Core mature market: maintaining leadership at good margins
Slide 11: Business units
Business units Livestock Management Security Management Identification Systems Healthcare Solutions for access control and security systems, Vehicle identification and vehicle globally Automation of livestock management access control solutions, globally processes based on identification of individu
Slide 12: Shared value creation
Shared value creation • Nedap’s shared value creation in the markets where Nedap participates − value for people, the environment and society − healthy financial results • Focus on long term commercial success and our intrinsic motivation to do this in sustainable way will reinforce each other • Pos
Slide 13: Focus areas sustainability
Focus areas sustainability • Operations: net zero CO2 in 2030 • Partners: Product Lifecycle management – analysing the impact during the full lifecycle • Employees: talent developments, diversity and inclusivity • Customers: We only want to pursue opportunities with propositions that contribute to m
Slide 14: Financial ambition
Financial ambition Towards 2025: • an autonomous high-single-digit revenue growth • a growing operating margin towards 15% (excluding one-offs) • return on invested capital (ROIC) that outgrows profitability To ensure our long-term perspective and focus on growth and innovation we need a strong fina
Slide 15: Financial performance
Financial performance Revenue Operating profit (excl one-offs) ROIC outgrows profitability 9% 25 12% 40% 210 30% 10% 35% 25% 20 200 30% +5% 20% 8% 0% 15 25% -1% 190 15% 6% 20% +12% 10 10% 4% 15% 180 5 2% 10% 5% 5% 170 0% 0 0% In €m 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 0% In €m 2017 2018
Slide 16: Key propositions
3 Key propositions
Slide 17: iD Cloud
iD Cloud Merchandise simply available We observe Fashion retailers have great difficulty in keeping an accurate overview of their stock levels. This leads to a mismatch in supply and demand, dissatisfied customers and missed revenue opportunities. We create By combining RFID knowledge with powerful
Slide 18: AEOS
AEOS Security above everything We observe More and more organisations are struggling with the sharply increasing and fundamentally changing security requirements, which can hardly be met by traditional security systems. We create Based on modern software concepts and open standards, Nedap has built
Slide 19: CowControl
CowControl ™ Where is Bertha 128? We observe The market for dairy farming is changing rapidly: Scaling up is a prerequisite for remaining profitable, while suitable personnel are becoming scarcer. We create Nedap has created an all-in-one monitoring and management system for dairy cows. This produce
Slide 20: ONS softwareplatform
ONS softwareplatform Improved care, better working conditions We observe The healthcare sector suffers from a large staff shortage and a high workload, partly due to a high administrative burden. At the moment, existing administrative systems do not sufficiently meet the specific requirements and wi
Slide 21: Nedap investment proposition
5 Nedap investment proposition
Slide 22: Investment proposition
Investment proposition • Focus on 4 core technologies and 7 niche markets offers opportunities to build winning platforms • Ample autonomous growth potential through scalable propositions • High and growing added value per FTE driven by our entrepreneurial culture • Create sustainable value for our
Slide 23: Nedap share
Nedap share Overview of notifications major shareholdings AFM * Shareholder Stake in Nedap Share price development Cross Options Beheer B.V. 14.61% € 70 Teslin Participaties Coöperatief U.A. 10.19% € 65 Kempen Capital Management N.V. 10.00% € 60 NN Group NV. 9.97% € 55 ASR Nederland N.V. 8.20% € 50
Slide 24: FY 2021
4 FY 2021
Slide 25: Key figures
Key figures Key Financials (in millions of euros) FY2021 FY2020 % Revenue 207,0 189,9 9% Recurring revenue 58,5 50,7 16% Recurring revenue as percentage of revenue 28% 27% Added value* as percentage of revenue 67% 66% Added value per FTE (x € 1,000) 180 169 Operating profit 23,1 17,1 35% Operating m
Slide 26: Highlights 2021
Highlights 2021 • Revenue amounted to € 207.0 million, up 9% on 2020, despite increasing scarcity on components. All business unit contributed to the growth. Recurring revenue rose 16% and now makes up 28% of revenue. • Added value increased from 66% to 67% of revenue. • Operating profit increased w
Slide 27: Consolidated income statement
Consolidated income statement (€ x 1,000) 2021 2020 Revenue 207,012 189,916 Cost of goods sold -67,687 -64,818 Added value 139,325 125,098 Personnel costs -83,317 -74,376 Amortisation -1,039 -1,115 Depreciation -8,450 -8,022 Other operating costs -23,447 -24,466 Operating costs -116,253 -107,979 Ope
Slide 28: Consolidated balance sheet
Consolidated balance sheet (€ x 1,000) Assets 2021 2020 Equity and liabilities 2021 2020 Fixed assets Shareholders' equity 80,306 73,253 Intangible fixed assets 1,806 2,211 Tangible fixed assets 39,393 38,031 Non-current liabilities Deferred tax assets 1,365 990 Borrowings 14,000 14,030 42,564 41,23
Slide 29: Financial calendar
Financial calendar 2022 7 April Trading update Q1 2022 12 April Annual General Meeting 14 April Ex-dividend date 19 April Record date 25 April Dividend payment date 21 July Half-yearly results 2022 20 October Trading update Q3 2022 29
Slide 30: Appendix
Appendix
Slide 31: History of Nedap
History of Nedap Evolving from hardware manufacturer to provider of scalable and proprietary propositions 1929 1947 1973 2000 2010 N.V. Nederlandsche Opening of brand-new Nedap starts Nedap made the The Stichting Apparatenfabriek “Nedap” factory in Groenlo. At the developing RFID switch from a Medew
Slide 32: Overview business units
Overview business units Business units Size* Market (focus) Solutions Competitive position Growth driver Market Healthcare > 15% Long term care providers ONS • #1 in elderly care • Entering new verticals NL Electronic Health Record cloud solution for • #1 in disabled care • Urgence for budget contro
Slide 33: 5-Year financial history
5-Year financial history Key figures (in millions of euros or as a percentage) FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 Revenue 207,0 189,9 191,5 191,4 182,2 Revenue growth 9% -1% 0% 5% 12% Recurring revenue 58,5 50,7 44,6 37,2 30,9 Recurring revenue as % of revenue 28% 27% 23% 19% 17% Added value as