Snp Schneider-neureither & Partner Se · XETR:SHF
Snp Schneider-neureither & Partner — H1 2024 Earnings Presentation
27 slides from Snp Schneider-neureither & Partner's earnings presentation, Aug 8, 2024
Slide 1: Elevate Digital Transformation
Elevate Digital Transformation Teleconference for investors and analysts Q2/H1 2024 Results August 8, 2024 Jens Amail, CEO Andreas Röderer, CFO
Slide 2: Agenda
Agenda Overview: Q2/H1 2024 Results Detailed Financials Q&A 2
Slide 3: Agenda
Agenda Overview: Q2/H1 2024 Results Detailed Financials Q&A 3
Slide 4: Five-Year Overview
Five-Year Overview Order Entry (in €m) Revenue (in €m) 74,1 62.0 48.5 51,0 42.6 42.3 45.2 39.4 38.5 34.3 23.6* 14.4* 11.5* 9.9* 13.9* Q2 2020 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2 2020 Q2 2021 Q2 2022 Q2 2023 Q2 2024 * Thereof Software. EBIT (in €m) Operating Cash Flow (in €m) 8.4 1.9** 1.7 0.7 1.0 -5.
Slide 5: Key Results – H1 2024
Key Results – H1 2024 Growth in all regions and segments leads to best Q2 ever after record results in 2023 and strong start to the year: At € 134.7m, order entry across the Group was up roughly 23% over previous year. Group revenue rose by 21% to € 116.0m in H1 2024 YoY. Major milestone for SNP: Se
Slide 6: Q2 2024 – Key Figures
Q2 2024 – Key Figures Order Entry Group Revenue EBIT € 74.1m € 62.0m € 8.4m +45% +28% >+100% Services (incl. EXA) Software (incl. EXA) Partners Order Entry Revenue Order Entry Revenue Order Entry Revenue € 47.1m € 38.4m € 27.0m € 23.6m € 42.5m € 25.5m +24% +12% +108% +64% +106% +66% © 2024 SNP I DAT
Slide 7: H1 2024 – Key Figures
H1 2024 – Key Figures Order Entry Group Revenue EBIT € 134.7m € 116.0m € 12.5m +23% +21% >+100% Services (incl. EXA) Software (incl. EXA) Partners Order Entry Revenue Order Entry Revenue Order Entry Revenue € 90.6m € 75.6m € 44.1m € 40.4m € 73.4m € 44.6m +15% +16% +45% +34% +80% +49% © 2024 SNP I DA
Slide 8: Continued Strong Partner Business
Continued Strong Partner Business Successful Partner Day Order Entry Partner Revenue Partner (in €m) (in €) with 250 participants and more than 700 partner participants at +80% Transformation World. 73.4 Partner business is +49% developing much more +106% strongly than the direct 44.6 business a
Slide 9: Order Entry by Deal Bands
Order Entry by Deal Bands Decreasing deal number by around 2% to 1,030 € 134.7m projects in total (H1 2023: Number of Deals 1,048), but higher value € 109.4m Number deal sizes. of Deals € 22m 3 € 74.1m Number Deals in the band of of Deals € 5m 1 € 1-3m remain the key Number 25 € 51.0m of Deals €
Slide 10: Order Entry by Region
Order Entry by Region Growth across all regions from quarterly and half-yearly ∑ 134.7 perspective. (in €m) 7.7 ∑ 109.4 Strongest increases in NEMEA 17.0 (+57% to € 17.0m) and NA (+51% 7.1 to € 22.1m). 10.8 21.1 ∑ 74.1 21.0 CEU up by 20% to € 66.8m with 22.1 slightly decreasing share of total
Slide 11: Reconciliation EBIT – Q2
Reconciliation EBIT – Q2 Revenue: € +8.4m in Software business segment (+59%); Service business segment: € +4.4m (+14%); EXA segment: € EBIT -0.5m (-26%). (in €m) -2.2 One-offs: Settlement with +1.3 -0.6 community of heirs € +3.5m +1.9 partly offset by write-downs of -6.4 €-1.4m and € -0.2m due
Slide 12: Reconciliation EBIT – H1
Reconciliation EBIT – H1 +0.1 Revenue: € +9.1m in Software EBIT business segment (+31%); (in €m) +2.1 Service business segment: +1.9 € +10.7m (+17%); EXA segment: -11.1 -2.2 € 0.6m (+14%). Personnel expenses: (1) higher -4.5 number of employees, (2) salary +20.4 increases in 2023 and (3) inflati
Slide 13: Guidance for 2024 Raised
Guidance for 2024 Raised New Guidance 2024 Initial Guidance 2024 Order entry Book-to-Bill-Ratio >1 Book-to-Bill-Ratio >1 Revenue €225m – 240m €215m – 225m EBIT €16m – 20m €13m – 16m © 2024 SNP – DATA. TRANSFORMATION. EXPERIENCE. 13
Slide 14: Agenda
Agenda Overview: Q2/H1 2024 Results Detailed Financials Q&A 14
Slide 15: Income Statement Q2/H1 2024
Income Statement Q2/H1 2024 Increased personnel expenses (in €m) Q2 2024 Q2 2023 Δ H1 2024 H1 2023 Δ mainly due to (1) higher number Revenue 62.0 48.5 +28% 116.0 95.6 +21% of employees and (2) salary increases in 2024. Gross profit 55.6 42.7 +30% 104.4 83.9 +24% Other operating expenses Personal
Slide 16: Revenue Growth in all three Segments
Revenue Growth in all three Segments Services business segment up by 17%, compared with H1 (in €m) 2023, due to an improved ∑ 116.0 order situation and higher customer prices. ∑ 95.6 5.0 Revenue in the Software ∑ 62.0 4.4 38.7 business segment increased 29.6 well above average by 31%; ∑ 48.5 pri
Slide 17: Strongly Improved Segment Margins
Strongly Improved Segment Margins Services Software EXA 31.2% 27.7% 31.1% 24.1% 21.1% 13.2% 6.4% 6.3% 6.1% 6.7% 1.7% 0.0% Q2 H1 Q2 H1 Q2 H1 Significant increase in the software margin due to attractive major projects with a high proportion of software; impairments from earlier partner deals with n
Slide 18: Order Entry Q2/H1 2024 and Order Backlog
Order Entry Q2/H1 2024 and Order Backlog Order entry volume Order Entry Order Backlog increased year-over-year (in €m) (in €m) in 2024 to a new record ∑ 199.2 level of € 134.7m. +42% 7.7 +23% 47.6 Strong development in ∑ 134.7 ∑ 140.3 our strategic growth 3.7 markets (Brazil, Nordics, ∑ 109.4 8.
Slide 19: Reconciliation Order Backlog H1 2024
Reconciliation Order Backlog H1 2024 Increase in order backlog Order Backlog by 10% compared to year (in €m) end 2023. Projects remeasurements +134.7 -116.0 in H1 2024 by € -2.4m. +2.5 Order backlog includes €7.7 m from EXA. 199.2 180.4 -2.4 Dec. 31, Order Revenue Projects FX June 30, 2023 ent
Slide 20: Balance Sheet Structure
Balance Sheet Structure Increased Cash and cash equivalents resulting from positive operating cash flow and positive investing cash flow due to the payment of a purchase price installment in Assets (in €m) June 30, 2024 Dec. 31, 2023 connection with the sale of All for One Cash & cash equivalents
Slide 21: Cash flow Statement Q2/H1 2024
Cash flow Statement Q2/H1 2024 Further improvement in W/C management in the first half (in €m) Q2 2024 Q2 2023 Δ (abs.) H1 2024 H1 2023 Δ (abs.) of 2024. Net income 5.5 0.3 -5.1 7.9 1.6 +6.3 Depreciation 2.7 2.5 +0.2 5.2 5.1 +0.1 Positive overall Operating Cash flow development Change in W/C -15
Slide 22: Headcount
Headcount Headcount evolution Percentage headcount split by function per June 30, 2024 +55 1,487 1,432 14% Consulting Changes* ∑ 818; +9% R&D ∑ 215; +2% 13% Sales & Marketing ∑ 199; -1% 55% Admin 13% ∑ 195; +5% Student & Trainees 5% ∑ 60; -29% Dec. 31, 2023 June 30, 2024 * 43 of the 55 additional em
Slide 23: Agenda
Agenda Overview: Q2/H1 2024 Results Detailed Financials Q&A 23
Slide 24: We are happy to take your questions!
We are happy to take your questions!
Slide 25: Financial Calendar 2024
Financial Calendar 2024 Annual Report Interim Statement Q1 Annual General Half-Year Financial Interim Statement 2023 2024 Meeting 2024 Report 2024 Q3 2024 Mar 27, 2024 Apr 25, Apr 25, 2024 2024 Jun 25, Jun Apr 27, 2024 27, 2024 Aug 8, 2024 Nov 7, 2024 © 2024 SNP I DATA. TRANSFORMATION. EXPERIENCE. 2
Slide 26: Thank you
Thank you SNP Schneider-Neureither & Partner SE Speyerer Strasse 4 69115 Heidelberg Germany +49 6221 64 25 – 0 +49 6221 64 25 - 20 info@snpgroup.com www.snpgroup.com linkedin.com/company/snp-schneider-neureither-&-partner-se Marcel Wiskow, Director IR +49 6221 64 25 – 637 Investor.relations@snpgroup
Slide 27: Disclaimer
Disclaimer © 2024 SNP Schneider-Neureither & Partner SE or an SNP affiliate of any kind, either express or implied, including but not limited to company. All rights reserved. No part of this publication may be the implied warranties of merchantability, fitness for a particular reproduced or transmit
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