Atp Yazilim Ve Teknoloji As · BIST:ATATP
Atp Yazilim Ve Teknoloji As — ATP Yazılım ve Teknoloji A.Ş. — FY2023 Earnings Presentation
21 slides from Atp Yazilim Ve Teknoloji As's earnings presentation, May 9, 2024
Slide 1: ATP Q4 & YE 2023 Results Presentation
ATP Q4 & YE 2023 Results Presentation May 9, 2024
Slide 2: Disclaimer
Disclaimer Entities in hyperinflationary economies, like ours, following International Accounting Standard 29 (IAS 29), must adjust financial statements to current price levels for reporting periods ending after December 31, 2023. Our company has aligned its quarterly financial reports with IAS 29,
Slide 3: Business & Financial Update
Business & Financial Update 4th Quarter & Fiscal Year 2023 Results Presentation
Slide 4: Exceeding Expectations: Strong Growth of a Diversified Model
Exceeding Expectations: Strong Growth of a Diversified Model 12 Months 2023 Q4 2023 12 Months 2023 Margins ADJUSTED TO IAS29 Revenue TRY 381.7M 130% YoY TRY 1,094.3M 120% YoY TRY 1,251.3M 39% YoY 46% Gross Profit TRY 156.0M 99% YoY TRY 503.0M 106% YoY -3.2 points TRY 579.8M 31% YoY Net Operating Pro
Slide 5: Exceeded 2023 Guidance through Solid Execution
Exceeded 2023 Guidance through Solid Execution Guidance Actual ~100% Revenue Growth1 120% EBITDA Growth1 ~ 100% 119% 1 Figures are based on IAS 29-Unadjusted basis
Slide 6: Growth through Innovation and New Opportunities
Growth through Innovation and New Opportunities New Mobile App R&D Investments Shaping Innovation Leader the Future of Capital Markets in the Market ▪ 2023 Revenues1 grew by 96% ▪ Reached 35 clients; adding 3 prominent firms Mobile App Customers Signed; More to Come in 2024 4 ▪ Met record levels of
Slide 7: Pioneering the Future of Hospitality with Continued Growth
Pioneering the Future of Hospitality with Continued Growth FY 2023 QSR Business Delivering Business Intelligence Over Revenue Distribution Reliable & Timely Data 42,1% 57,9% ▪ Revenues1 grew by 121% ▪ Added 164 customers in 2023, reaching 673 Turkiye International ▪ Acquiring customers outside TFI e
Slide 8: ATP China Navigating Growth and Innovation in China's Dynamic Market
ATP China Navigating Growth and Innovation in China's Dynamic Market Focus on IT Solutions New Mini Apps Native App Leveraging AI & Business Intelligence Completed Started Deployment Development to Finish March ▪ 2023 Revenues grew by 39% November 2023 2024 ▪ Accounted for %48 of Zenia Revenues ▪ Ad
Slide 9: Innovative Cost-Effective Solutions to Meet Evolving Needs of Customers
Innovative Cost-Effective Solutions to Meet Evolving Needs of Customers ATP RobotX Process Innovation Leveraging AI, RPA & Autonomous Robots ▪ 2023 Revenues1 grew by 136% ▪ Grew customer base by 12% to 77 ▪ Expanded sales coverage ▪ Major ERP migration projects with customers ▪ Multiple strategic pa
Slide 10: ATP GreenX Onboarding Nation's Green Energy Producers
ATP GreenX Onboarding Nation’s Green Energy Producers Establishing a Global Marketplace Access and monitor energy markets for a Greener Future instantly with Real-Time Market Insights ▪ Bringing renewable energy producers and users together over a user-friendly platform Expanded Access for Producers
Slide 11: ATP Capital Expanding Pipeline for Potential Investments
ATP Capital Expanding Pipeline for Potential Investments ATP GSYO (CAPITAL) ATA EXPRESS (Tıkla Gelsin & Fiyuu) ▪ Formed investment pipeline with extensive market research ▪ Expanded network with VC community ▪ Seeking companies with commercial viable products in select verticals ▪ Currently owns 1%
Slide 12: Empowering Agility and Innovation As an Exclusive Strategic IT Partner
Empowering Agility and Innovation As an Exclusive Strategic IT Partner Our Strategy Value Creation A ✓ Process Optimization ✓ Vertical Expertise ✓ Continuous Enablement ATP, an “Exclusive Activities & ✓ Data Insights Strategic IT Partner” Processes helping organizations ATP Agile Resilience gain agi
Slide 13: Financial Performance
Financial Performance ATP Fiscal Year 2023 Results Presentation
Slide 14: Diversified Model: Catalyst for Sustainable Success
Diversified Model: Catalyst for Sustainable Success Revenue Domestic & International (M, TRY) Revenue By Currency (M, TRY) Domestic International TR USD (Domestic) USD/RMD (Exports) 39% 39% 1,251.3 Share of 1,251.3 Share of YoY Revenues YoY Revenues Share of 420,5 Share of 899.1 33.6% 44.4% 899.1 45
Slide 15: Sustainable Growth through MRRs
Sustainable Growth through MRRs 2023 MRR DISTRIBUTION 51% STEADILY INCREASING MRR (M, TRY)1 MRR 27% 22% 180 160 Tradesoft Zenia ATP Digital 140 120 2023 Q4 100 MRR REVENUES SHARE OF TOTAL REVENUES GROWTH 80 TRY 160.9M1 42.1% 113.0% YoY 60 40 2023 20 MRR REVENUES SHARE OF TOTAL REVENUES GROWTH 0 TRY
Slide 16: Drivers of Revenue Behind Strong Growth
Drivers of Revenue Behind Strong Growth Revenue Breakdown & Bridge (M, TRY) IAS29 Adjusted IAS29 Adjusted Unadjusted for Inflation +157.0 YoY 120% 39% 1,251.3 205.5 27% 1,094.3 167,2 287.6 53% 379.8 234,1 135.1 497,6 81.8 85,4 69 75 99,0 8.2 162.4 38% 96% YoY 136% YoY 121% YoY 3,0 31 3,2 2023 (IAS 2
Slide 17: Solid EBITDA Growth Supported with Cost Management
Solid EBITDA Growth Supported with Cost Management EBITDA Breakdown & Bridge (M, TRY) IAS29 Adjustment IAS29 Adjusted Unadjusted for Inflation YoY 119% +32.6 296.4 37% 263.8 89.3 85.6 15% 60.0 32% 24.3 120.5 29.6 72% YoY 96% YoY 166% YoY 15 162.4 0.8 57% 2023 (IAS 29)
Slide 18: Net Income
Net Income Impact of IAS 29 - 2023 Net Income (M, TRY) Impact of IAS 29 - 2022 Net Income (M, TRY)
Slide 19: Strong Balance Sheet and Working Capital Position
Strong Balance Sheet and Working Capital Position Summary Balance Sheet (M, TRY) Working Capital/Revenue 31.12.2023 31.12.2022 Δ Cash and cash equivalents 306.2 325.3 -5.9% Trade receivables 394.3 372.8 5.8% Inventories 37.5 25.0 49.9% 23,4% Property, plant and equipment 14.3 13.6 4.9% Intangible as
Slide 20: ATP Key Investment Highlights
ATP Key Investment Highlights Operating in High Growth Segments of IT Market Customer Portfolio of Leading – Exclusive “Strategic IT Partner” Global - Brands Strong Value Propositions With Sustainable & Profitable Growth Vertical Focus Leading Technologies Through Strategic – Global - Partnerships C
Slide 21: THANK YOU
THANK YOU
ATP Yazılım ve Teknoloji A.Ş. — FY2023 Earnings Presentation on 6ix