Qt Group Plc · OMXHEX:QTCOM
Qt — Q3 2023 Earnings Presentation
16 slides from Qt's earnings presentation, Oct 26, 2023
Slide 1: Q3 2023 results
Q3 2023 results Juha Varelius, CEO Jouni Lintunen, CFO October 26, 2023
Slide 2: Agenda
Agenda 1. Q3/23 business highlights 2. Financials 3. Outlook and guidance for 2023 4. Strategy update 3 August 2023 2
Slide 3: Q3/23 business highlights
Q3/23 business highlights Juha Varelius, CEO
Slide 4: Operating profit improved despite lower than estimated revenue growth
Operating profit improved despite lower than estimated revenue growth ▪ Personnel totaled 746 ▪ EBITA-margin at 24% on September 30 ▪ Net sales growth 8% ▪ EBITA was EUR 9 million, ▪ Increase of 17 employees increase of 16% during Q3/23 ▪ Reached EUR 38 million quarterly net sales ▪ Profitability de
Slide 5: Financials
Financials Jouni Lintunen, CFO
Slide 6: Net sales growth continued
Net sales growth continued ▪ Net sales increased 7.7% in Q3/23, M€ 155.3 and 13.1% in comparable currencies 150 121.1 121.5 ▪ Exchange rate impact EUR -1.7 million 120 ▪ License sales and consulting EUR 35.2 Q4 90 79.5 million, growth 14.5% Q3 58.4 60 45.6 Q2 36.3 ▪ Strong quarterly fluctuation and
Slide 7: Q3/23 and Q1-Q3/23 Income statement
Q3/23 and Q1-Q3/23 Income statement EUR 1,000 Q3/23 Q3/22 Change, % 1-9/2023 1-9/2022 Change, % Net sales 38,039 35,308 7.7 % 121,479 103,970 16.8 % ▪ Q3 Expenses Other operating income 7 28 -76.4 % 23 51 -53.8 % ▪ Growth strategy implementation continued Materials and services -1,003 -1,604 -37.5 %
Slide 8: Q3/23 Balance sheet
Q3/23 Balance sheet EUR 1,000 30.9.2023 30.9.2022 31.12.2022 Non-current assets ▪ Assets Contract assets 3,402 5,664 6,207 ▪ Operative cashflow +34.3MEUR, ending cash balance Other non-current assets 100,281 107,591 105,298 31.3MEUR Total non-current assets 103,683 113,255 111,505 ▪ Trade receivable
Slide 9: Market outlook and guidance for 2023
Market outlook and guidance for 2023
Slide 10: Market outlook
Market outlook ▪ Our long-term growth prospects are very promising ▪ Increasing demand for devices with software-enabled displays across different industries is a major growth driver for Qt Design and Development tools ▪ As the amount of software in the world grows and the pace of software releases
Slide 11: Guidance for 2023
Guidance for 2023 We refine our guidance for 2023 ▪ our net sales for 2023 will increase by 20-25 percent year-on-year at comparable exchange rates, and ▪ our operating profit margin (EBITA-%) will be 25-30 percent. 3 August 2023 11
Slide 12: Strategy update
Strategy update
Slide 13: Trends in software product creation
Trends in software product creation Product development cycles are Consumerized digital user Compared to demand, there’s getting faster. experiences are a requirement scarcity of software expertise. across industries. Product development process Higher productivity needs to adapt to both changes Cus
Slide 14: Powering and assuring digital experiences
Powering and assuring digital experiences We provide the best platform and tooling to build the future of digital experiences with over 1 billion devices and applications built with Qt We help our customers manage complexity, reduce their regulatory risk and increase the quality of their product cre
Slide 15: Qt 2027 strategy summary
Qt 2027 strategy summary Growth drivers Financial targets towards 2027 ▪ Recurring revenue business model: ▪ Revenue growth 20-30% annually ▪ Subscription licenses (Qt and Quality assurance) ▪ EBITA margin > 25% ▪ Distribution licenses (Qt for embedded devices) ▪ Quality assurance expanding market t
Slide 16: Thank you!
Thank you! Get in touch with us: pr@qt.io