Qt Group Plc · OMXHEX:QTCOM
Qt — Q2 2023 Earnings Presentation
14 slides from Qt's earnings presentation, Aug 3, 2023
Slide 1: Q2 2023 results
Q2 2023 results Juha Varelius, CEO Jouni Lintunen, CFO August 3, 2023
Slide 2: Agenda
Agenda 1. Q2/23 business highlights 2. Financials 3. Outlook and guidance for 2023 3 August 2023 2
Slide 3: Q2/23 business highlights
Q2/23 business highlights Juha Varelius, CEO
Slide 4: Profitable growth continued despite challenges in the operating environment
Profitable growth continued despite challenges in the operating environment ▪ Personnel totaled 729 on ▪ EBITA-margin at 29% June 30 ▪ Net sales growth 17% ▪ EBITA was EUR 12 million, ▪ Increase of 23 employees increase of 25% during Q2/23 ▪ Reached EUR 43 million quarterly net sales ▪ Profitability
Slide 5: Q2/23 Product highlights
Q2/23 Product highlights ▪ Qt 6.5 LTS introduced lots of new functionality for graphics and UI development, as well as the application backend, such as ▪ New Qt Quick Effects module offers UI developers access to ready-made graphical effects, which can be combined into a single effect without impact
Slide 6: Initiatives for using AI in product creation
Initiatives for using AI in product creation ▪ First integration of a generative AI tool, GitHub Copilot, into Qt Creator ▪ Suggest new code, complete functions, and test cases based on the project’s context and style conventions. A Copilot Tool subscription from GitHub is required. ▪ We see various
Slide 7: Financials
Financials Jouni Lintunen, CFO
Slide 8: Net sales growth continued
Net sales growth continued ▪ Net sales increased 17.2% in Q2/23, M€ 155.3 and 19.0% in comparable currencies 150 121.1 ▪ Exchange rate impact EUR -0.6 million 120 ▪ License sales and consulting EUR 40.0 83.4 Q4 90 79.5 million, growth 26.5% Q3 58.4 60 45.6 Q2 36.3 ▪ Strong quarterly fluctuation and
Slide 9: Q2/23 and H1/23 Income statement
Q2/23 and H1/23 Income statement EUR 1,000 Q2/23 Q2/22 Change, % H1/23 H1/22 Change, % Net sales 43,469 37,090 17.2 % 83,440 68,661 21.5 % ▪ Q2 Expenses Other operating income 12 11 6.6 % 17 22 -25.1 % ▪ Growth strategy implementation continued Materials and services -980 -1,590 -38.4 % -2,292 -3,39
Slide 10: Q2/23 Balance sheet
Q2/23 Balance sheet EUR 1,000 30.6.2023 30.6.2022 31.12.2022 Non-current assets ▪ Assets Contract assets 4,066 6,247 6,207 ▪ Operative cashflow +21.3MEUR, ending cash balance Other non-current assets 101,642 57,290 105,298 26.8MEUR Total non-current assets 105,707 63,537 111,505 ▪ Trade receivables
Slide 11: Market outlook and guidance for 2023
Market outlook and guidance for 2023
Slide 12: Market outlook
Market outlook ▪ Our long-term growth prospects are very promising ▪ Increasing demand for devices with software-enabled displays across different industries is a major growth driver for Qt Design and Development tools ▪ As the amount of software in the world grows and the pace of software releases
Slide 13: Guidance for 2023
Guidance for 2023 ▪We estimate that ▪ our net sales for 2023 will increase by 20-30 percent year-on-year at comparable exchange rates, and ▪ our operating profit margin (EBITA-%) will be 20-30 percent. 3 August 2023 13
Slide 14: Thank you!
Thank you! Get in touch with us: pr@qt.io