24 slides from Vitec Software Group Ab Class B's earnings presentation, Jul 12, 2024
Slide 1: Vitec vertical software
MBVITCC vertical software
Slide 2: Vitec Software Group, a leader in Vertical Software
Vitec Software Group | a leader in Vertical Software Sales by market 24,600 40 11 customers business units countries 3,197 86% 1,550 MSEK proforma employees proforma recurring net sales revenues, ARR
Slide 3: Strategy chain
Strategy chain Brand Business Values Objective Vision promise concept • Our products – To rely on To contribute to the To be a profitable Shaping a wiser our foundation - today and success of our custo- and sustainable and more • Keep it simple tomorrow mers by developing growth company sustainable
Slide 4: Responsible growth: Business model
Responsible growth Business model • Market leader • High percentage of recurring revenues Business units Acquire • Vertical • Established and profitable • Proprietary software • Recurring revenues Develop • Decentralized organization • Product investments • Organic growth
Slide 5: LDC, Bidtheatre, Taxiteknik acquisitions 2024
Figures as per acquisition date 2024 Acquisition Q3 LDC Bidtheatre Taxiteknik Software for labor A Demand Side Platform A complete business mobility in the (DSP) for programmatic system for taxi compa- Netherlands, by career advertising – software nies, primarily in coaching, matching supporting med
Slide 6: 2023 acquisitions: Enova, DL Systems, Neagen, Codea, Memorix
Figures as per acquisition date 2023 Entry Event Enova DL Systems Neagen Codea Memorix Sweden Software for energy A complete booking A business system Software solutions for Mission critical field Management software management and grid system software for the software for the medical imaging manage
Slide 7: Annual sales per vertical
Annual sales per vertical Education Travel and Auto hospitality repair Fast moving shops Organizations, consumer associations and goods Finance golf courses & Insurance Hair and beauty salons Pharmacies Property Waste management management Labor mobility Trade and manufacturing Energy industry Healt
Slide 8: Our business units
Our business units Business unit Reg. Acq. Annual Sales 2023, SEKm Recurring Business unit Reg. Acq. Annual Sales 2023, SEKm Recurring office year (recurring share = red) 2023 office Year (recurring share = red) 2023 0 100 200 300 0 100 200 300 ABS NL 2022 46% Vitec Futursoft FI 2016 89% Vitec Actor
Slide 9: Organization
Organization Updated July 1, 2024
Slide 10: Sharing knowledge
Sharing knowledge • Common culture • Sharing concept, forums for best practice sharing • Vertical clusters, opportunities across business units
Slide 11: Interim period January-June 2024
Interim period January-June 2024
Slide 12: Summary of interim period, April–June 2024
Summary of interim period, April–June 2024 • Net sales SEK 882 million (724), an increase of 22% • Recurring revenues SEK 775 million (612), an increase of 27% • EBITA SEK 264 million (226), an increase of 17% • EBITA margin 30% (31) • Operating profit SEK 196 million (164), an increase of 20% • Ope
Slide 13: Summary of interim period, January–June 2024
Summary of interim period, January–June 2024 • Net sales SEK 1,598 million (1,336), an increase of 20% • Recurring revenues SEK 1,391 million (1,121), an increase of 24% • EBITA SEK 484 million (412), an increase of 18% • EBITA margin 30% (31) • Operating profit SEK 349 million (286), an increase of
Slide 14: Net sales
Net sales MSEK proforma net sales Net sales by year Net sales by quarter 3,197 CAGR 22.3% SEK 2,778 million (1,978), an increase of 40% SEK 882 million (724), an increase of 22%
Slide 15: EBITA
EBITA EBITA Margin YTD EBITA and EBITA margin by year EBITA and EBITA margin by quarter 30% CAGR 32.2% SEK 876 million (582), an increase of 51% SEK 264 million (226), an increase of 17%
Slide 16: Allocation of recurring revenues
Allocation of recurring revenues Transaction-based revenues Subscription-based revenues
Slide 17: Organic growth
Organic growth Organic growth subscription- Organic growth net sales based recurring revenues Organic growth subscription- Organic growth net sales based recurring revenues Of which currency effects Of which currency effects
Slide 18: Growth
Growth Acquired annual revenue Organic growth
Slide 19: Diversification of sales
Diversification of sales Number of customers 24,600 Sales by market Breakdown of revenue Customers January-June 2024 1% 1 %
Slide 20: Invest in Vitec
Invest in Vitec Vertical Market Software Responsible January-June 2024 Leader growth • Net sales SEK 1,598 million, an increase of 20% 40-year track record of sustainable Steady customer • Recurring revenue SEK 1,391 million, an increase of 24% profit growth empowered by development with • EBITA SEK
Slide 21: Appendix
Appendix
Slide 22: Consolidated statement of profit/loss and comprehensive income
Consolidated statement Consolidated statement of profit/loss of comprehensive income
Slide 23: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position
Slide 24: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow