Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q3 2023 Earnings Presentation
18 slides from Arribatec Group ASA's earnings presentation, Nov 2, 2023
Slide 1: Quarterly presentation Q3 2023
Quarterly presentation Q3 2023 ^ Geir Johansen, CEO
Slide 2: Highlights Q3
Highlights Q3^ ⁃ Quarterly revenue of NOK 132m (118m) and 12% growth ⁃ Positive EBTIDA of NOK 9.0m (-6.7m) an improvement of NOK 15.7 m ⁃ NOK 40m (38m) in cash at the end of the quarter ⁃ Won a contract worth NOK 22m for Flytoget for delivery of 29 new ticket vending machines ⁃ Signed 374 new contra
Slide 3: Strong growth and positive EBITDA
Strong growth and positive EBITDA ^ Revenue Recurring EBITDA NOK 132m (118m) NOK 54m (44m) NOK 9.0m (-6.7m) +12% qrt/qrt +11% qrt/qrt +234% qrt/qrt Organic Growth +12% 41% of total revenue Margin 6.8% NORWAY EUROPE R.O.W. NOK 82m (70m) NOK 39m (39m) NOK 11m (9M) +17% qrt/qrt 0% qrt/qrt +18% qrt/qrt
Slide 4: Offices around the globe
17 354+ 1700+ Offices around Employees across Clients across the globe business areas industries 4
Slide 5: Arribatec's five business areas
Arribatec’s five business areas ^ Business Services • Enterprise architecture • Business process management • ERP products and services EA & BPM Cloud • Business intelligence & analytics • Cloud services • IT outsourcing • Security & compliance Marine Hospitality 5
Slide 6: Q3-23 performance per business areas vs. Q3-22
Q3-23 performance per business areas vs. Q3-22^ BizS EA-BPM Cloud -3% 14.0% 23 % 21.3% 20% 12.0% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 65m* 9.1m** 24.2m* 5.2m** 32m* 3.4m** Revenue EBITDA Revenue EBITDA Revenue EBITDA HspT Marine 74% negative -5.7% 43
Slide 7: Revenue development for each BA per quarter
Revenue development for each BA per quarter ^ Total 37% 38% 37% 35% 34% 35% 41% recurring % Outside 38% 40% 41% 40% 38% 39% 38% Norway 150m 148m 150 152 126m 141m 9 132m Total revenue 127 120m 140 1 13 118m 133 120 8 2 13 118 1 1 13 32 13 Marine 1 13 32 2 1 30 27 Hspt 28 32 Cloud 28 30 EABPM 22 28 N
Slide 8: Sales - new contracts and scope extensions
Sales - new contracts and scope extensions ^ Q3: 374 contracts for a total value of NOK 135 million (63m in Q3-22) +115% 200 191 50 Q3-22 Q3-23 45 40 150 135 35 NOK mill. 128 NOK mill. 121 30 100 93 25 86 46 43 20 39 63 15 50 25 10 20 5 8 8 5 3 0 0 2 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 BS EA&B
Slide 9: Some important wins in Q3
Some important wins in Q3 Combined value NOK 56 mill. Flytoget Cabinn Hotels Boligpartner Dobloug-Gruppen Sykehusinnkjøp • Oslo Airport • Budget Hotel Chain, • Large Norwegian • Construction Company • National procurement Express train Denmark housebuilder agency for the • Value: 4 MNOK Norwegian sp
Slide 10: Cash flow development
Cash flow development ^ • Net cash flow from operation vas zero for Q3 2023. This compares to a negative 14m in same quarter 2022. • Net cash flow from investing activities was NOK -3.3m in Q3. Of the capitalized assets, main part is capitalized development costs and purchased software.. • Net cash
Slide 11: Balance sheet development
Balance sheet development ^ Liabilities & Equity Assets 515 509 515 509 Equity Goodwill Non/current Intangibles Current Other non-current 205 207 Other current 282 273 Trade receivables NOK mill. Cash 77 60 59 66 71 66 38 40 177 88 99 162 40 40 Y.E 2022 Q3-2023 Y.E 2022 Q1-2023 11
Slide 12: Outlook
Outlook ^ • We expect similar growth rate in 2023 as in 2022 • Robust demand for cloud services will drive growth for our cloud- and managed IT-services • Hospitality to grow significantly over next quarters – building SaaS revenue base – consulting for Flytoget boosts revenue • Growth for Marine wi
Slide 13: Summary
Summary^ Revenue Recurring EBITDA NOK 132m (118m) NOK 54m (44m) NOK 9.0m (-6.7m) +12% qrt/qrt +11% qrt/qrt +234% qrt/qrt Organic Growth +12% 41% of total revenue Margin 6.8% CASH End of Q3 NOK 40m 23 October NOK 55m
Slide 14: Arribatec. we simplify complexity
Arribatec. we simplify complexity
Slide 15: Condensed consolidated statements of profit and loss
Condensed consolidated statements of profit and loss 15
Slide 16: Consolidated statements of financial position
Consolidated statements of financial position 16
Slide 17: Consolidated statements of changes in equity
Consolidated statements of changes in equity 17
Slide 18: Consolidated cash flow statement
Consolidated cash flow statement 18