Doxee S.p.a. · MIL:DOX
Doxee — H1 2021 Earnings Presentation
25 slides from Doxee's earnings presentation, Sep 23, 2021
Slide 1: Investor Presentations Results of H1 2021
Investor Presentations Results of H1 2021 Sergio Muratori Casali CEO Guido Spagnoli CFO Modena September 23, 2021
Slide 2: Agenda
Agenda 1 What we do 2 Overview 3 Financial Data 4 Growth Strategy 5 Q&A 29/09/21 Investor Presentation
Slide 3: We enable companies to create innovative and digital customer-facing communications
We enable companies to create innovative and digital customer-facing communications 29/09/21 Investor Presentation
Slide 4: What we do
What we do Managing the digital transformation Doxee Platform® document experience (dx): Digital productuon, distribution, and digital archiving of documents Data processing paperless experience (px): electronic invoicing, long-term digital Company Consumers preservation, and Data Companies electron
Slide 5: Overview
Overview 29/09/21 Investor Presentation
Slide 6: Doxee Timeline
Doxee Timeline E-billingS.p.A. is founded in Doxee’s SaaS Doxee Doxee Doxee expands Listed on AIM Acquisition of Rebranding Modena, Italy offering Print & business specializes in become a internationally Italia, the stock Littlesea Littlesea in Digital services launched PaaS multinational in19 count
Slide 7: Doxee at a Glance H1 2021
Doxee at a Glance H1 2021 Transforming data into relationships • Doxee is a Tech-Vendor and a leading provider of products for 2001 +14% 13% +13% Customer Communications Revenues Ebitda Margin Avg over 10 years of Management (CCM), Digital Founded CAGR 2019-2021 VoP invested in R&D Customer Experien
Slide 8: Doxee Benefit Company
Doxee Benefit Company ü Doxee has been committed to promoting a culture of digital ü In last July Doxee adopted the status as a Benefit Corporation technology by leveraging its cloud-based product offerings, as part of company’s broader Corporate Social Responsibility path, investing in innovation a
Slide 9: Doxee Technological Innovation
Doxee Technological Innovation A key element to insure technological excellence R&D INVESTMENTS MARKET VALIDATION Percentage of value of production per year Several international IT analysts include Doxee in their reports, recommending the 13% Doxee invested in R&D for more than 10 years company as
Slide 10: Product lines Half Year 2021
Product lines Half Year 2021 Doxee’s offering THREE MAIN CLOUD-BASED PRODUCT LINES DOCUMENT EXPERIENCE PAPERLESS EXPERIENCE INTERACTIVE EXPERIENCE +28,0% -2,1% +12,7% Digital production, distribution, and archiving Compliant electronic invoicing and digital Personalized micro-sites and videos soluti
Slide 11: Doxee Client Base
Doxee Client Base Enterprise Customer REVENUES BY INDUSTRIES TELCO & MEDIA UTILITIES H1 2021 2% 8% Automotive 4% Financial Services 2% IT Services 1% Other 39% Public Sector BANKING AND INSURANCE PUBLIC ADMINISTRATIONS Telco & Media Utilities 44% +200 Client worldwide 3 years The minimum contract te
Slide 12: Doxee unique strenghts
Doxee unique strenghts Leading to strong financials INTEGRATED PRODUCT LINES EXPERTISE, RESEARCH CUSTOMER LOYALTY MARKETS OPORTUNITIES AND INNOVATION AND STRATEGIC PARTNERSHIP Cloud-native Platform with three 20 + years of experience and know-how in 2.6% churn rate (on revenues) Reference markets ar
Slide 13: Financial Data
Financial Data 29/09/21 Investor Presentation
Slide 14: Key Financials
Key Financials Half Year 2021 €0.25 mln €1.90 mln -53% HoH 31% HoH Revenues reached € 9.1 mln in H1 2021 (+14% CAGR 2019/21), mainly thanks to the continuous digitizazion of the internal €11.57 mln €9.14 mln processes of the EBIT R&D costs +20% HoH +18% HoH customer base and the acquisition of new c
Slide 15: Financial Highlights
Financial Highlights Half Year 2021 1. 2021 H1 Revenues amounted to € 9,1 mln. The main contribution went form the dx product line PROFIT & LOSS 2021 2020 2019 (65.6%) while px and ix contributed respectively with 19,7% and 14,7% of the total revenues. The ix product line confirm its trend growing f
Slide 16: Investments
Investments 2019-2021 Half Year ORGANIZATIONAL HEADCOUNT R&D STRUCTURE +31% +13% -5% €.000 1,89 +18% 132 490 117 1,52 1,44 +308% 99 +20% 100 120 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 ORGANIZATIONAL HUMAN RESEARCH RESOURCES STRUCTURE Doxee makes significant investmen
Slide 17: EBITDA Bridge
EBITDA Bridge Half Year 2021 DOXEE EBITDA BRIDGE (€/mln) Incremento Decremento Totale 3,50 0,12 1,42 3,00 0,87 2,50 -0,59 2,00 -0,78 -0,63 1,64 1,54 1,50 1,00 0,50 0,00 EBITDA 2020 SALES OTHER DIRECT CAPEX R&D EBITDA INDIRECT REVENUES REVENUES COSTS 2021 COSTS 29/09/21 Investor Presentation
Slide 18: Cash Flow bridge
Cash Flow bridge Half Year 2021 FREE CASH FLOW BRIDGE (€/mln) Incremento Decremento Totale 0,1007 2,125 -0,037 -0,307 0,9384 1,537 -0,029 0,028 -2,4793 EBITDA INCOME CHANGE IN CHANGE IN CHANGE IN CHANGE IN CAPEX FINANCIAL FCF TAXES NWC PROVISIONS OTHER EQUITY ITEMS FOR PROVISIONS EMPLOYEES 29/09/21
Slide 19: Growth Strategy
Growth Strategy 29/09/21 Investor Presentation
Slide 20: Technology trends as opportunities
Technology trends as opportunities Innovation & Digital Business Acceleration DIGITAL FIRST STRATEGY VS OMNICHANNEL “…omnichannel businesses such as high street banks and traditional Journeys created by digital businesses are simple compared to their retailers that rely on more physical environments
Slide 21: How Doxee understands those challenges
How Doxee understands those challenges Innovation & Digital Business Acceleration NEW COMMUNICATION MODELS TECHNOLOGY INVESTMENTS AND AI > New frontiers are opening up in many industries and fields: > Cloud offering, architectural models with microservices and telemedicine, hybrid workplace, new cul
Slide 22: Doxee Platform ecosystem
Doxee Platform® ecosystem 29/09/21 Investor Presentation
Slide 23: Double-digit growth for Doxee's key markets
Double-digit growth for Doxee’s key markets Doxee reference markets CCM REG-TECH DCX (Customer Communication Management) (E-Invoicing, Digital Preservation, E-Procurement) (Digital Customer Experience) $/bn $/bn $/bn 11.3% 37.3% 20,5 11.8% 14,9 CAGR CAGR CAGR 8,5 3,2 1,5 4,2 2020 2021 2022 2023 2024
Slide 24: Growth Strategy
Growth Strategy Doxee’s goals for the future CONSOLIDATION OF POSITION ENTRY INTO NEW SECTORS INTERNATIONALIZATION IN EXISTING MARKETS AND MARKETS Technological development of a Market entry in Europe (DACH) in Consolidate position as a standard paperless product aimed at the Digital Experience Sect
Slide 25: Sergio Muratori Casali, CEO; Guido Spagnoli, CFO
Sergio Muratori Casali, CEO Guido Spagnoli, CFO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com