Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — Q4 2024 Earnings Presentation
22 slides from Huddlestock Fintech As's earnings presentation, Feb 21, 2025
Slide 1: Q4 2024 Fourth quarter results presentation
Q4 2024 Fourth quarter results presentation | February 21, 2025 Øyvind Hovland, Chairman of the Board Leif Arnold Thomas, Group CEO
Slide 2: Empowering modern financial services
Empowering modern financial services We enable any company to launch new investment services or transform existing ones
Slide 3: Q4 2024 development
Q4 2024 Q4 2024 development • Revenue increased 16% to NOK 18.0 million vs. NOK 15.5 million in Q3 2024 Investment-as-a-service (IaaS) Consulting (Visigon) • Healthy IaaS revenue increase of 8% NOK million NOK million • Consulting revenue increased 23% from a seasonally low third quarter 2024 in the
Slide 4: Revenue development 2022-2024
1 Fortifying Nordic market position in 2023 … Revenue development 2022-2024 Consulting (Visigon) Investment-as-a-Service (IaaS) Acquisitions of Trac, Dtech and Bricknode adding complementary licenses, products, and services to the IaaS platform Divested F5IT, accounting for NOK 13.4 million of r
Slide 5: Our customers: Financial products and services companies
Our customers Financial products and services companies Focus on portfolio optimization, resource efficiency, and long-term value creation across three distinct business areas Incumbents Competitive pressures and evolving client demands rapidly evolving; New products and features, more personalizati
Slide 6: Ongoing work to unlock growth potential in Investment-as-Service
Ongoing work to unlock growth Investors served through customers # of end-clients (‘000) # of end-client accounts (‘000) potential in Investment-as-Service 11.0 11.0 11.4 9.4 8.2 8.4 7.0 7.0 Quarterly IaaS revenue development and drivers 11.0 11.0 11.4 2024, NOK million 8.2 8.4 9.4 7.0 7.0 +8% 8.0 8
Slide 7: Potential for a collective entry into a large German market
Potential for a collective entry into a large German market Agreement Collaboration LOI Brokerage & Client Role custody acquisitions • Huddlestock has consolidated and developed Nordic technologies and organizations to form the leading end-to-end Investment-as-a service platform • Tradevest is a Ger
Slide 8: Consultancy firm bridging the gap between IT and finance
Consultancy firm bridging the gap Revenue development 2022-2024 NOK million between IT and finance. 47 40 38 Leading Calypso experts in Denmark and Sweden with extensive experience since 2003 Growing company with 21 consultants and offices in Copenhagen and Stockholm 0 0 2022 2023 2024 2024 revenue
Slide 9: Acting to capitalize on shifting dynamics in the IT Services industry
Acting to capitalize on shifting dynamics in the IT Services industry Moving from traditional IT services … … to an integrated partner with managed services Software provider Customer Software provider Customer (partnerships) • Niche consultancy business purely in the Nordics • Full-service provider
Slide 10: Managed services – Scalable IT Solutions for Financial Institutions
Managed services – Scalable IT Solutions for Financial Institutions Application Management & Support Hosting Solutions Business Process Outsourcing • Seamless system performance • Purpose-made cloud infrastructure for • Free up internal resources through • Application lifecycle management capital ma
Slide 11: Focus on portfolio optimization, resource efficiency, and long-term value creation
Focus on portfolio optimization, resource efficiency, and long-term value creation across three distinct business areas Investment-as-a-Service German expansion Consulting Unlocking growth Market entry with Growth and profitability potential Tradevest as local partner through revised strategy (LOI s
Slide 12: Financial review
Financial review
Slide 13: Revived revenue growth and improving EBITDA in Q4 2024
Revived revenue growth and improving EBITDA in Q4 2024 Profit and loss Unaudited, NOK million Q4 2024 Q3 2024 Q4 20231 • Positive revenue development driven by increases in both Consulting and IaaS revenue compared to last quarter Total operating income 18.0 15.5 22.6 • Personnel costs increase if N
Slide 14: Fourth quarter cash flow
Fourth quarter cash flow Q4 2024 cash flow Unaudited, NOK million 10.9 10.5 • Cash flow from operations reflects a profitable Consultancy business and an IaaS-business with 1.8 high growth potential 4.5 • Investments represents net additions in intangible 2.3 assets related to technology development
Slide 15: Q&A
Q&A Øyvind Hovland Leif Arnold Thomas Chairman of the Board CEO
Slide 16: Appendix
Appendix
Slide 17: Consolidated income statement
Consolidated income statement Unaudited, in NOK Q4 2024 Q3 2024 QoQ Q4 2023 YoY 12M2024 12M2023 YoY Operating income Other operating income 17,983,006 15,538,083 16 % 22,559,177 -20 % 71,509,146 85,150,101 -16 % Total operating income 17,983,006 15,538,083 16 % 22,559,177 -20 % 71,509,146 85,150,101
Slide 18: Consolidated statement of financial position
Consolidated statement of financial position Unaudited in NOK 31.12.2024 31.12.2023 31.12.2024 31.12.2023 Non-current assets Equity Paid-in capital Intangible assets Share capital 441,886 350,957 Research and development 51,454,136 58,138,522 Own shares -14 -5,335 Goodwill 104,641,819 116,449,291 Ot
Slide 19: Consolidated statement of cash flows
Consolidated statement of cash flows Unaudited in NOK Q4 2024 Q3 2024 2024 2023 Profit/loss before tax -19,107,424 -20,604,729 -74,631,159 -87,129,435 Depreciation and amortisation 12,625,755 12,360,865 49,167,948 63,973,602 Changes to accounts receivable 3,402,224 -330,735 1,290,160 -527,235 Change
Slide 20: Disclaimer 1/2
Disclaimer 1/2 This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentation is being made o
Slide 21: Disclaimer 2/2
Disclaimer 2/2 Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with respect to the condition (fin
Slide 22: Huddlestock Fintech AS
Huddlestock Fintech AS Kanalsletta 2, 4033 4005 Stavanger Norway
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