Ovh Groupe Sas · EURONEXT:OVH
Ovh Groupe Sas — Ovh Groupe — Q3 2024 Earnings Presentation
19 slides from Ovh Groupe Sas's earnings presentation, Jun 27, 2024
Slide 1: Q3 FY24 Revenue
Q3 FY24 Revenue J u n e 2 7 th, 2 0 2 4
Slide 2: Forward looking statement
Forward looking statement Important notice – You must read the following before continuing The following applies to this document, the oral presentation of the information contained in this document made by OVHcloud (the “Company”) or any person on behalf of the Company and any question-and-answer s
Slide 3: Q3 FY24 – Key highlights
Q3 FY24 – Key highlights €737m +10.1% 9M Total revenue 9M LFL revenue growth ✔ Confirmed guidance ✔ Strong growth in the United States, driven by tech companies €251m +9.0% Q3 Total revenue Q3 LFL revenue growth ✔ Good traction from AI and Data Sovereignty ✔ Resilience in a still challenging macroen
Slide 4: Strategic goals to Shape the Future
Strategic Shaping thegoals to Shape the Future Future Be the Innovate Deliver Maximise cash data sovereignty for next tech sustainable & generation reference revolutions profitable growth Q3 FY24 Revenue 4
Slide 5: Q3 FY24 business highlights
Q3 FY24 business highlights Addressing demand for AI solutions Fuelling international growth New Datacenter in Sydney addressing demand and preparing future growth High utilisation rate of new NVIDIA GPUs • 6th datacenter in the Asia Pacific region • Shell & Core design with proprietary water-coolin
Slide 6: Private Cloud €157.6m
Private Cloud Q3 FY24 performance Q3 FY24 highlights €157.6m 63% Rebound of the Bare Metal Cloud business in the US with a Private Cloud % of Group strategic focus on tech companies revenue revenue Successful strategy of increasing ARPAC when launching a new generation of servers +10.7% Contin
Slide 7: Public Cloud €46.0m
Public Cloud Q3 FY24 performance Q3 FY24 highlights Ongoing development of PaaS offerings, with ARR of €46.0m 18% €19m at the end of Q3 FY24 Public Cloud % of Group Continued enhancement of AI offerings with new NVIDIA GPUs revenue revenue and advanced AI models Successful customer acquisition
Slide 8: Webcloud & Other €47.3m
Webcloud & Other Q3 FY24 performance Q3 FY24 highlights Strong Domain names with high level of multi-year renewals thanks to the successful implementation of new User €47.3m 19% Experience features WebCloud & Other % of Group Improved performance of web hosting offerings thanks to revenue revenu
Slide 9: Q3 FY24 Financials
Wd OVHcloud Q3 FY24 Financials
Slide 10: Delivering sustainable growth in a challenging environment
Delivering sustainable growth in a challenging environment Q3 FY24 reported growth +10.1% 106% Q3 FY24 LFL growth +9.0% Q3 FY24 Net Revenue Retention Rate1 +5 +1 250 251 +15 245 +1.2% +11.9% +2 228 228 230 230 Public Cloud Webcloud & Other +10.7% LFL growth LFL growth Private Cloud LFL growth Report
Slide 11: Good momentum in the USA with persistently challenging macroeconomic conditions in Europe
Good momentum in the USA with persistently challenging macroeconomic conditions in Europe France Double digit growth in Public and Private Cloud Reported +7.9% 49% Slowdown in Webcloud mostly due to Telephony and LFL +7.9% Connectivity Q3 FY24 Europe (excl. France) Reported +12.4% Strong performance
Slide 12: Outlook
Wd OVHcloud Outlook
Slide 13: Confirmation of financial targets
Confirmation of financial targets FY2024 targets Medium-term outlook LFL revenue growth 9%-10% ✓ Adjusted EBITDA margin >37% ✓ Recurring 12%-14% ✓ Capex as a % of revenue Growth 21%-23% ✓ Positive Unlevered Free Cash Flow FCF on FY basis ✓ Q3 FY24 Revenue 13
Slide 14: Q&A
Wd OVHcloud Q&A
Slide 15: Key takeaways
Key takeaways Business resilience in a Further international Confirmed challenging environment expansion targets Strong growth in the USA, LFL revenue growth between €251m thanks to tech companies 9% - 10% Q3 FY24 revenue Adj. EBITDA margin >37% Good momentum in Germany Double-digit growth in Public
Slide 16: Appendices
Wa OVHcloud Appendices 16
Slide 17: Glossary
Glossary Like-for-like is calculated at constant exchange rates, constant scope and excluding Strasbourg (SBG) direct impacts. Scope adjustments correspond to M&A. The net revenue retention rate for any period is equal to the percentage calculated by dividing (i) the revenue generated in such period
Slide 18: Revenue by segment and geography
Revenue by segment and geography Q1 FY2023 Q2 FY2023 Q3 FY2023 9M FY2023 Q1 FY2024 Q2 FY2024 Q3 FY2024 9M FY2024 In € million Reported Reported Reported Reported Reported Reported Reported Reported Private Cloud 133.0 139.9 141.9 414.8 149.6 152.9 157.6 460.1 Public Cloud 35.7 38.3 39.4 113.4 43.5 4
Slide 19: Reconciliation reported & like-for-like
Reconciliation reported & like-for-like Q3 FY23 FX Scope Strasbourg Q3 FY23 FX Scope Strasbourg In € million Q3 FY23 LFL In € million Q3 FY23 LFL Reported impacts impacts impacts Reported impacts impacts impacts Private Cloud 141.9 0.5 0.0 0.0 142.4 France 112.7 0.0 0.0 0.0 112.8 Public Cloud 39.4 0