Netcompany Group A/s · OMXCOP:NETC
Netcompany Group A/s — Q2 2024 Earnings Presentation
38 slides from Netcompany Group A/s's earnings presentation, Aug 14, 2024
Slide 1: Q2 2024 Company Announcement
Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 Netcompany Q2 2024 Company Announcement Six months ended 30 June 2024 Continued growth and improved margin 1 1
Slide 2: Summary
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Summary Company Announcement No. 35/2024 14 August 2024 Revenue increased by 10.5% (constant 10.2%) Free cash flow improved DKK 220.7m Q2 24 DKK 1,650.2m Q2 24 DKK 148.2m Q2 2
Slide 3: CEO quote on Q2 performance
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 “In Q2, we grew revenue by 10.2% driven by continued recovery in the Danish part of the Group as well as strong growth in Netco
Slide 4: Performance overview Q2
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Performance overview Q2 Company Announcement No. 35/2024 14 August 2024 Q2 2024 Q2 2024 % change % change DKK million (reported) (constant)* Q2 2023 (reported) (constant)* Rev
Slide 5: Continued performance overview Q2
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED PERFORMANCE OVERVIEW Q2 Reported revenue grew 10.5% (constant Sales and marketing costs were DKK 12.1m lated to both
Slide 6: Business Segments Q2
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Business Segments Q2 Company Announcement No. 35/2024 14 August 2024 DKK million Q2 2024 Group Denmark Intrasoft UK Norway Netherlands Revenue, % DENMARK Constant (2023 rate)
Slide 7: Netcompany Denmark and business segments Q2 continued
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED BUSINESS SEGMENTS Q2 Netcompany Denmark and EU area that grew 15.6% despite a As a result of decline in topline and t
Slide 8: Performance overview First 6 months
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Performance overview First 6 months Company Announcement No. 35/2024 14 August 2024 YTD 2024 YTD 2024 % change % change Reported revenue grew 7.1% (constant DKK million (repor
Slide 9: Business Segments First 6 months
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Business Segments First 6 months Company Announcement No. 35/2024 14 August 2024 DKK million YTD 2024 Constant (2023 rate) Group Denmark Intrasoft UK Norway Netherlands Revenu
Slide 10: Business segments first 6 months continued
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED BUSINESS SEGMENTS FIRST 6 MONTHS Netcompany Denmark 1.7% in the period. The decline in private cated to subcontractor
Slide 11: Revenue visibility
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Revenue visibility Company Announcement No. 35/2024 14 August 2024 Netcompany measures revenue visibili- DKK million ty on a 12 months rolling basis, based on two main input p
Slide 12: Employees
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Employees Company Announcement No. 35/2024 14 August 2024 Avg. FTEs increased to 7,884 during Q2 2024 166 23 Netcompany employed an average of 7,884 FTEs in Q2 2024, which was
Slide 13: Cash flow and other significant financial positions
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Cash flow and other significant Company Announcement No. 35/2024 14 August 2024 financial positions Not 0-30 30-60 60- 90 >90 Provi- DKK million overdue days days days days si
Slide 14: Work in progress and capital structure
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED CASH FLOW AND OTHER SIGNIFICANT FINANCIAL POSITIONS Work in progress nue, development in revenue was opposite April 2
Slide 15: Guidance 2024
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Guidance 2024 Company Announcement No. 35/2024 14 August 2024 Original Actual target performance Financial metrics in constant currencies 2024 2023 Group revenue growth, organ
Slide 16: Shareholder information
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Shareholder information Company Announcement No. 35/2024 14 August 2024 Capital A total amount of DKK 14.1m was recog- Financial Calendar Netcompany’s share capital is DKK 50m
Slide 17: Statement of the Board of Directors and Executive Management
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Statement of the Board of Directors Company Announcement No. 35/2024 14 August 2024 and Executive Management Today, the Board of Directors and Executive Group’s assets, liabil
Slide 18: Consolidated interim financial statements
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 Consolidated interim financial statements 18 38
Slide 19: Income statement and Statement of comprehensive income
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Income statement and Statement Company Announcement No. 35/2024 14 August 2024 of comprehensive income DKK million Note Q2 2024 Q2 2023 YTD 2024 YTD 2023 Total 2023 Income sta
Slide 20: Statement of comprehensive income continued
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED INCOME STATEMENT AND STATEMENT OF COMPREHENSIVE INCOME DKK million Note Q2 2024 Q2 2023 YTD 2024 YTD 2023 Total 2023
Slide 21: Statement of financial position
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Statement of financial position Company Announcement No. 35/2024 14 August 2024 30 June 30 June 31 December 30 June 30 June 31 December DKK million Note 2024 2023 2023 DKK mil
Slide 22: Cash Flow statement
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Cash Flow statement Company Announcement No. 35/2024 14 August 2024 DKK million Q2 2024 Q2 2023 YTD 2024 YTD 2023 Total 2023 Operating profit (EBIT) 192.8 110.3 363.1 273.6 57
Slide 23: Statement of changes in Equity
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Statement of changes in Equity Company Announcement No. 35/2024 14 August 2024 Foreign currency Total equity, Non- Share Treasury Share-based translation Other Retained Netcom
Slide 24: Statement of changes in Equity continued
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED STATEMENT OF CHANGES IN EQUITY Foreign currency Total equity, Non- Share Treasury Share-based translation Other Retai
Slide 25: Segment information Public Q2
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 1 Segment information Public Q2 Group Denmark Intrasoft UK Norway Netherlands DKK million Q2 2024 Q2 2023 % change Q2 2024
Slide 26: Segment information Private Q2
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED Segment information Private Q2 Group Denmark Intrasoft UK Norway Netherlands DKK million Q2 2024 Q2 2023 % change Q2
Slide 27: Segment information Public First 6 months
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 Segment information 14 August 2024 CONTINUED Public First 6 months Group Denmark Intrasoft UK Norway Netherlands DKK million YTD 2024 YTD 2023
Slide 28: Segment information Private First 6 months
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 Segment information 14 August 2024 CONTINUED Private First 6 months Group Denmark Intrasoft UK Norway Netherlands DKK million YTD 2024 YTD 202
Slide 29: Segment information Geographical
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 Segment information 14 August 2024 CONTINUED Geographical Segment information related to geographical areas Q2 2024 DKK million Denmark Greece
Slide 30: Cost of services, administrative costs, financial income and expenses
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 2 Cost of services DKK million Q2 2024 Q2 2023 YTD 2024 YTD 2023 Total 2023 Cost of services -295.0 -279.8 -574.2 -549.1 -
Slide 31: Earnings per share and trade receivables
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 5 Earnings per share DKK million Q2 2024 Q2 2023 YTD 2024 YTD 2023 Total 2023 Earnings per share - EPS (DKK) 2.46 1.11 4.3
Slide 32: Contract work in progress and other payables
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 7 Contract work in progress 30 June 30 June 31 December DKK million 2024 2023 2023 Selling price of work performed on fixe
Slide 33: Income Statement classified by function
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 9 Income Statement classified by function DKK million Q2 2024 Q2 2023 YTD 2024 YTD 2023 Total 2023 Income statement Revenu
Slide 34: Collateral, related party transactions, accounting policies
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 10 Collateral provided and contingent liabilities As a part of the contract commitments with There are no collaterals prov
Slide 35: Financial figures and highlights
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 NOTE 13 Financial figures and highlights % change % change DKK million Q2 2024 Q2 2023 Q2 YTD 2024 YTD 2023 YTD Income statemen
Slide 36: Financial figures and highlights continued
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Company Announcement No. 35/2024 14 August 2024 CONTINUED FINANCIAL FIGURES AND HIGHLIGHTS % change % change DKK million Q2 2024 Q2 2023 Q2 YTD 2024 YTD 2023 YTD Earnings per
Slide 37: Formulas
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Formulas Company Announcement No. 35/2024 14 August 2024 Key figures and financial ratios have been compiled in accordance with the following calculation formulas. Capitalised
Slide 38: Disclaimer
Continued growth and improved margin Netcompany Group A/S Strandgade 3, 1401 Copenhagen Company Registration no. 39 48 89 14 Disclaimer Company Announcement No. 35/2024 14 August 2024 This report contains forward-looking state- Although Netcompany believes that the recruit and retain the right emplo