Gft Technologies Se · XETR:GFT

Gft Technologies — Investor Presentation (November 2024)

36 slides from Gft Technologies's investor presentation, November 2024

  1. Slide 1: Investor presentation

    Investor presentation GFT Technologies SE November 2024 © 2024 | GFT Technologies SE and its affiliates. All rights reserved.

  2. Slide 2: GFT is always at the forefront

    Shaping the Investor future of digital presentation business GFT is always at the forefront It is all about digital transformation & modernisation. gft.com November 2024 2

  3. Slide 3: GFT at a glance

    Shaping the Investor GFT at a glance future of digital presentation business GFT is a rapidly growing digital transformation pioneer € 865m REVENUEe REVENUE BY SECTOR Industry & other 11% Insurance 16% FY 2023 +>16% Banking 73% CAGR 10Y € 77m ADJ. EBITe € 174m REVENUE 12,000+ global team € 17m ADJ.

  4. Slide 4: Efficient global delivery model ensures proximity to our clients

    Shaping the Investor GFT at a glance future of digital presentation business Efficient global delivery model ensures proximity to our clients Continental Europe Germany 55% Switzerland Americas, UK France North America & APAC Poland USA Italy Canada Spain Mexico APAC India + Pune Hong Kong TALENTS V

  5. Slide 5: GFT share – Investment case

    Shaping the Investor GFT at a glance future of digital presentation business GFT share – Investment case Global digital transformation Technology leader at the top of pioneer with deep sector prestigious industry rankings, backed by expertise strong partners Digitalisation & AI Focus on Platform Mod

  6. Slide 6: GFT share

    Shaping the Investor GFT at a glance future of digital presentation business GFT share 6/6 analysts with BUY recommendation Average target price €38, upside potential: +84% November 2024 Free float 64.2% SHAREHOLDER Ulrich Dietz 26.3% Stable shareholder structure STRUCTURE Maria Dietz 9.5% Attractiv

  7. Slide 7: Digital transformation is our strong growth driver

    Shaping the Investor GFT at a glance future of digital presentation business Digital transformation is our strong growth driver $1.6TN growth for $3.5TN 2021 digital transformation 2026 services KEY TAILWINDS Cloud computing, digital Rapid advancement Customer experience at Continued platforms and I

  8. Slide 8: Global spending on AI is accelerating fast

    Shaping the Investor GFT at a glance future of digital presentation business Global spending on AI is accelerating fast Banking, Retail and Manufacturing delivering huge AI investments in 2023 FORECAST GLOBAL AI SPENDINGS 2023 17% SPENDING ON AI CAGR MANUFACTURING 2022-2026E 10% PROFESSIONAL SERVICE

  9. Slide 9: We enable our clients to boost their productivity

    Shaping the Investor GFT at a glance future of digital presentation business We enable our clients to boost their productivity 2023 REVENUE SPLIT 8% 53% 39% Innovation NEW TECHNOLOGIES CORE BUSINESS EFFICIENT STANDARD SOLUTIONS Data & AI Platform modernisation Engineering & Regulatory  Predictive A

  10. Slide 10: The GFT DNA

    Shaping the Investor GFT at a glance future of digital presentation business The GFT DNA Catching the right tech waves Working with strong partners Relentless focus on delivery Agile@scale company culture Programmatic M&A approach gft.com November 2024 10

  11. Slide 11: AI.DA Marketplace Use Case

    Shaping the Investor GFT at a glance future of digital presentation business  Visual Inspection  Predictive Maintenance  Customer Service AI.DA  Fraud Detection Marketplace  AI Engineering  Shopfloor Management Use Case  Knowledge Acquisition Library  Manufacturing Analytics  Project Portfo

  12. Slide 12: Outlook 24 adjusted

    Shaping the Investor Outlook future of digital presentation business Outlook 2024 adjusted Revenue* +10% EBIT adj.** +5% EBT -4% in €m in €m in €m CAGR ~ 18.4% CAGR ~ 33.8% CAGR ~ 46.8% 865 789 77 716 73 67 66 68 65 558 54 440 40 24 14 2020 2021 2022 2023 2024e 2020 2021 2022 2023 2024e 2020 2021 20

  13. Slide 13: GFT will stay on its sustainable and profitable growth path

    Shaping the Investor GFT at a glance future of digital presentation business GFT will stay on its sustainable and profitable growth path benefiting from AI market trends MILESTONES 2026 REVENUE GROWTH 15% 2x market INDUSTRY 20% & OTHERS INSURANCE ADJ. EBIT MARGIN 10% 2026e UTILISATION REVENUE BY SEC

  14. Slide 14: Recognition for sustainability

    Shaping the Investor GFT at a glance future of digital presentation business Recognition for sustainability Measurable Recognitions Our goals ESG performance & commitments B 2019 signed Sustainability C UN Global Compact by design We drive new solutions C and services to support sustainability aspec

  15. Slide 15: Backup

    Shaping the Investor future of digital presentation business Backup gft.com November 2024 15

  16. Slide 16: When a vision drives excellence

    Shaping the Investor Backup future of digital presentation business PLATFORM MODERNISATION Salt Bank ushers in a new era REFERENCES of digital banking in Romania When a vision drives excellence ENTERPRISE AI & DATA parkoneer boosts service effectiveness with GenAI ENTERPRISE AI & DATA Fehrer optimis

  17. Slide 17: GFT AI Impact

    Shaping the Investor Backup future of digital presentation business AI.DA MARKETPLACE PRODUCT Q3 UPDATE GFT AI Impact Generative AI product to improve productivity and accelerate the software development life cycle (SDLC)  10 new clients, +170 licenses, +20 POCs  Real client proven productivity ga

  18. Slide 18: The Universal Digital Payments Network

    Shaping the Investor Backup future of digital presentation business The Universal Digital Payments Network UDPN is the payment infrastructure for the KEY FEATURES future of finance Supports regulated fiat-backed stablecoins and CBDCs (Central Bank Digital Currency) Leverages DLT to drive efficiency

  19. Slide 19: Sophos M&A – GFT among TOP3 providers across LATAM

    Shaping the Investor Backup future of digital presentation business Sophos M&A – GFT among TOP3 providers across LATAM With Sophos Solutions, GFT NEW OFFICE LOCATIONS advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability. US

  20. Slide 20: 35+ years of strategic expansion

    Shaping the Investor Backup future of digital presentation business 35+ years of strategic expansion GLOBALISATION 1987 founded by Ulrich Dietz 1997 Switzerland Italy Canada, Costa Rica Hong Kong Vietnam Chile and Poland Singapore Colombia 2001 Spain and UK India 2005 Brazil Panama 2008 USA 2017 IND

  21. Slide 21: Revenue and earnings maintain growth momentum

    Shaping the Investor Backup future of digital presentation business Revenue and earnings maintain growth momentum HIGHLIGHTS 9M 2024 OUTLOOK 2024 Major new deal from Sophos in Core REVENUE REVENUE e Guidance 8 Aug 2024 Banking Modernisation at Bancolombia Tier 2-client base successfully broadened +1

  22. Slide 22: 9M/2024: Revenue growth of 10% and stable operating margin

    Shaping the Investor Backup future of digital presentation business 9M/2024: Revenue growth of 10% and stable operating margin in €m 9M/2024 9M/2023 ∆  Revenue: +10%, organic growth of 2% Revenue 645.54 585.12 * 10%  Order backlog significantly above previous year, supported by Sophos Order backlo

  23. Slide 23: Results at a glance per quarter

    Shaping the Investor Backup future of digital presentation business Results at a glance per quarter in €m Q1/2023 Q2/2023 Q3/2023 Q4/2023 FY2023 Q1/2024 Q2/2024 Q3/2024 Revenue* 187.69 197.73 199.70 203.75 788.87 212.39 217.24 215.91 EBITDA adjusted - - - - EBITDA 19.89 20.66 24.94 24.27 89.76 21.81

  24. Slide 24: Segment report

    Shaping the Investor Backup future of digital presentation business Segment report Am ericas, UK & Continental Europe Total segm ents Reconciliation GFT Group APAC in € thsd. 9M/2024 9M/2023 9M/2024 9M/2023 9M/2024 9M/2023 9M/2024 9M/2023 9M/2024 9M/2023 External revenue 363,704 341,785 * 281,154 24

  25. Slide 25: Growth driven by banking and industry business

    Shaping the Investor Backup future of digital presentation business Growth driven by banking and industry business Well-balanced client portfolio Growth in banking and industry; Largest client with 15% of total revenue insurance recovering 645.54 15% 585.12 * 10% 16% +7% 40% 11% 15% 41% 16% -3% 9M/2

  26. Slide 26: Improved utilisation increased profitability in Q3/24

    Shaping the Investor Backup future of digital presentation business Improved utilisation increased profitability in Q3/24 Revenue* in €m Adjusted EBIT** in €m 212.39 217.24 215.91 21.37 20.97 21.19 199.70 203.75 197.73 18.50 17.23 14.89 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q2/23 Q3/23 Q4/23 Q1/24 Q2/

  27. Slide 27: Revenue and earnings by segment

    Shaping the Investor Backup future of digital presentation business Revenue and earnings by segment in €m Revenue Growth rates EBIT adjusted** 9M/2024 9M/2023 Organic M&A FX Total 9M/2024 9M/2023 ∆% Americas, UK & APAC 363.70 341.79 * -4% 11% -1% 6% 35.05 31.44 11% Continental Europe 281.15 242.66 1

  28. Slide 28: Revenue by markets

    Shaping the Investor Backup future of digital presentation business Revenue by markets Brazil and almost all European markets continue to drive growth share in % YTD in €m ∆% Brazil* 16% 101,00 13% ↗ 101.00 89.25 Germany 14% 87,22 17% ↗ 87.22 74.52 Spain 12% 76,32 16% ↗ 76.32 65.61 UK 10% 72,68 -13%

  29. Slide 29: Income statement – Robust earnings performance

    Shaping the Investor Backup future of digital presentation business Income statement – Robust earnings performance  Solid revenue trend in challenging environment in €m 9M/2024 9M/2023 ∆% supported by inorganic growth Revenue 645.54 585.12* 10%  Other operating income mainly influenced by Other op

  30. Slide 30: Cash flow analysis – Operating cash flow improved

    Shaping the Investor Backup future of digital presentation business Cash flow analysis (€m) – Operating cash flow improved  Net cash down to €-84.18m (31/12/2023: 31/12/2023 9M/2024 30/09/2024 €4.39m) mainly resulting from the Sophos 22.43 acquisition | undrawn credit lines at €35.02m 70.34 (31/12/

  31. Slide 31: Balance sheet – Characterised by Sophos acquisition

    Shaping the Investor Backup future of digital presentation business Balance sheet (€m) – Characterised by Sophos acquisition  Balance sheet total up by 12% to  Equity currency-adjusted up by €629.17m (31/12/2023: €562.52m), 629.17 629.17 €20.70m (+9%); net profit of €33.86m in essence due to Sopho

  32. Slide 32: Utilisation normalised

    Shaping the Investor Backup future of digital presentation business Utilisation normalised Employees (FTE) Utilisation* Attrition* 11,304 10,626 10,772 92.1% 91.7% 91.4% 11.2% 11.0% 89.9% 89.9% 10.3% 9.8% 9.8% 9,089 9,134 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q3/23 Q4/23 Q1/24

  33. Slide 33: Calculation adjusted EBIT 9M/2024

    Shaping the Investor Backup future of digital presentation business Calculation adjusted EBIT 9M/2024 in thsd. € 9M/2024 9M/2023 Revenue 645,538 585,120 * EBIT adjusted 57,103 52,141 M&A Amortisation PPA -6,254 -3,731 M&A Acquisition related and integration costs 0 -348 Share-price related effects f

  34. Slide 34: High level of trust reflected by new qualified clients

    Shaping the Investor Backup future of digital presentation business High level of trust reflected by 57 new qualified clients Revenue 2023 2022 2021 2020 2019 < €1.0m 436 364 370 344 231 > €1.0m 61 55 54 44 51 > €5.0m 14 13 12 13 7 > €10.0m 22 22 12 7 7 Total 533 454 448 408 296  Large client accou

  35. Slide 35: 10-year development

    Shaping the Investor Backup future of digital presentation business 10-year development Revenue – 10y CAGR: +16% Adjusted EBIT – 10y CAGR: +16% 789 716 558 73 67 423 429 440 419 413 54 374 279 40 41 31 32 30 27 24 174 17 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013 2014 2015 2016 2017

  36. Slide 36: Shaping the future of digital business

    Shaping the future of digital business Dr Jochen Ruetz Andreas Herzog Nicole Schüttforth CFO Head of IR/CSR Senior IR Manager T +49 711 62042-422 T +49 711 62042-323 T +49 711 62042-387 jochen.ruetz@gft.com andreas.herzog@gft.com nicole.schuettforth@gft.com © 2024 | GFT Technologies SE and its affil

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