Slide 1: Q1 2022
Q1 2022
Slide 2: Presentation of Addnode Group's Interim report January – March 2022
PRESENTATION OF ADDNODE GROUP’S Interim report January – March 2022 Johan Andersson Lotta Jarleryd CEO CFO johan.andersson@addnodegroup.com lotta.jarleryd@addnodegroup.com +46 70 420 58 31 +46 72 247 92 01 2
Slide 3: Agenda Q1 2022
AG EN DA Q1 2022 1. Addnode Group 2. Q1 2022 • Group • Divisions • Cash flow and Financial position 3. Sustainability 4. Investment case 5. Q&A Appendix -Customer cases -Acquisitions 2022, 2021 and 2020 3
Slide 4: Addnode Group
ADDNODE GROUP Digital Solutions for a Sustainable Future We create sustainable growth in value by acquiring and developing cutting edge enterprises that digitalise society. • Design Management - smarter design, construction, and management of products, buildings, assets and infrastructure. • Product
Slide 5: Addnode Group international presence
Addnode Group International presence 31 March 2022 Geographic sales distribution 2021 5
Slide 6: Q1 – Another record quarter and strategic acquisition in the US
A D D N O DE G RO U P Q1 – Another record quarter and strategic acquisition in the US Highlights Q1 Q1 Change Rolling • Net sales grow by 28% reaching SEK 1,326 m, 2022 2021 12 m currency adjusted organic growth 7% Net sales, SEK M 1,326 1,036 28% 4,367 • EBITA adjusted for a SEK 24 m capital gain f
Slide 7: Continued growth in recurring revenue, +28% in Q1 (YoY)
A D D N O DE G RO U P C o n t i n u e d g r o w t h i n r e c u r r i n g r e v e n u e , + 2 8 % i n Q 1 ( Yo Y ) Breakdown of net sales, Q1 2018 - 2022 Breakdown of net sales, Q1 2022 7
Slide 8: Three divisions Q1 2022
TH R EE D I V I SI O N S Q1 2022 Share of net sales* Share of EBITA* Addnode Group Net sales Q1 2022: SEK 1,326 m Addnode Group EBITA Q1 2022: SEK 180 m * Before eliminations / central costs * Before eliminations / central costs 8
Slide 9: Design Management: Strategic acquisition and strong organic performance
DESIGN MANAGEMENT Strategic acquisition and strong organic performance Highlights • Net sales increased by 33%, currency adjusted organic Q1 Q1 Change Rolling 2022 2021 12 m growth 5% Net sales, SEK M 707 533 33% 2,026 • Symetri performing strong EBITA, SEK M 89 61 46% 232 • Based on good demand, gr
Slide 10: Design Management: Microdesk acquisition
DESIGN MANAGEMENT Microdesk acquisition • Sales of USD 110 m, 300 employees • Founded in 1994 • Platinum partner to Autodesk with 13 offices in the United States and in London (HQ Nashua/Boston area, US) • Provides consulting services, training, data management and customized solutions • On an enter
Slide 11: Symetri + Microdesk
Symetri + Microdesk Global Reach Tech Leadership Industry Focused Local Support Significant investment in own IP 400+ consultants & 30+ Offices & Training Centres 100 + developers technical experts Convergence Customer Centric Security & Stability Manufacturing & Construction 600+ customer facing ro
Slide 12: Symetri
SYMETRI ADDNODE GROUP Naviate SOVELIA
Slide 13: Product Lifecycle Management: Strong earnings improvement and acquisitions
PRODUCT LIFECYCLE MANAGEMENT Strong earnings improvement and acquisitions Highlights • Net sales increased by 19%, currency adjusted organic Q1 Q1 Change Rolling 2022 2021 12 m growth 8% Net sales, SEK M 338 283 19% 1,282 • UK operations especially positive progress, increased EBITA, SEK M 34 18 89%
Slide 14: Acquisitions strengthen Technia as world leading Dassault Systèmes partner
PRODUCT LIFECYCLE MANAGEMENT Acquisitions strengthens Technia as World leading Dassault Systèmes partner • Sales of SEK 170 m, 45 employees • Sales of SEK 25 m, 15 employees and 700 customers • Offices in UK and USA • Offices in 4 German cities • Specializes in advanced simulation and virtual • A pr
Slide 15: Process Management: High organic growth and improved margins
PROCESS MANAGEMENT High organic growth and improved margins Highlights • Net sales increased by 28%, organic growth 10% Q1 Q1 Change Rolling 2022 2021 12 m • The division outgrows the market in those Net sales, SEK M 288 225 28% 1,083 operations providing document and case EBITA, SEK M 60 39 54% 216
Slide 16: Consolidated cash flow Q1 2022
C O N SO LI DATED C A SH FLOW Q1 2022 Q1 Q2 Cash flow, SEK m 2022 2021 Change 2021 Operating profit 134 73 61 305 Adjustments for non-cash items 45 44 1 222 Other -30 -16 -14 -80 Cash flow from operations before working capital changes 149 101 48 447 Changes in working capital 93 49 44 -10 Cash flow
Slide 17: Consolidated financial position
C O N SO LI DATED FI NA N C I A L PO SI TI O N March 31, 2022 March 31, March 31, Dec 31, Balance sheet, SEK m 2022 2021 Change 2021 Change Intangible non-current assets 3 152 2 201 951 2 574 578 Other non-current assets 317 216 101 210 107 Current receivables 1 251 869 382 1 132 119 Cash and cash e
Slide 18: Sustainability agenda
SUSTAINABILITY AGENDA 1 2 5S 4 Digital solutions Care for people The way we Long-term that contribute and the planet work with our financial to sustainable in our own partners and viability development operations suppliers 5 Sustainability management and governance SUSTARABLECTES AND COMMUNITIES ooo
Slide 19: Addnode Group as an investment
ADDNODE GROUP AS AN INVESTMENT Acquisition driven 1 Sustainable digital 2 Attractive business 3 Diversification 4 growth solutions model spreads risk • Our strategy is to create value by • We provide digital solutions for • High share of recurring revenues. • We are active in numerous continuously a
Slide 20: Q&A
Q&A
Slide 21: Appendix
Appendix
Slide 22: Acquisitions 2022 YTD
ACQUISITIONS 2022 YTD Claytex Desys Microdesk Claytex specializes in advanced DESYS service offering is based Microdesk is a Platinum partner to simulation and virtual testing, with on Dassault Systèmes’ platform, Autodesk and provides consulting focus on systems engineering and includes own softwar
Slide 23: Acquisitions 2021
ACQUISITIONS 2021 S-Group Elpool Procad Budsoft Solutions Specialised in business-related Develops digital solutions that Autodesk partner and a trusted Budsoft is a Poland based, GIS solutions for municipalities, offers many features that is used advisor to many of Ireland's Dassault Systèmes partn
Slide 24: Acquisitions 2020
ACQUISITIONS 2020 Excitech Unizite Netpublicator Scanscot Technology Largest Autodesk partner in Norwegian developer of a Develops digital services for Swedish Dassault Systèmes UK market and leading mobile field tool that makes efficient document and partner. Nordic leader in provider of design sof
Slide 25: Design Management: Case: Symetri UK
DESIGN MANAGEMENT Case: Symetri UK Wessex Water is a water and waste-water utility with nearly 3 million customers in the UK. The company is a fully integrated provider of critical infrastructure. Jointly with Symetri, the company has implemented BIM 360, an Autodesk solution that digitalises data a
Slide 26: Product Lifecycle Management: Case: Technia Sweden
PRODUCT LIFECYCLE MANAGEMENT Case: Technia Sweden ESS, European Spallation Source of Lund, Sweden is a multidisciplinary research centre built around the world’s most powerful neutron source. TECHNIA is supporting ESS in creating a digital twin model that deals with design, building and production p
Slide 27: Process Management: Case: Intraphone Solutions AB
PROCESS MANAGEMENT Case: Intraphone Solutions AB IntraPhone Solutions AB delivers solutions for Sweden’s home help service, used in planning, timesheet and worksheet reporting, as well as appraisal and follow-up. The company’s customer base includes over 70 municipalities, for example Falkenberg, Go
Slide 28: Thank You!
Thank You!