Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — H1 2021 Earnings Presentation
19 slides from Gigas Hosting Sa's earnings presentation, Oct 20, 2021
Slide 1: Half Year 2021 Results Investors' Presentation
Diego Cabezudo Javier Cañete CEO CFO Half Year 2021 Results Investors’ Presentation OCTOBER 2021 1
Slide 2: Disclaimer
Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information may i
Slide 3: 2021 has been transformational
2021 has been transformational 2021 February 2021 - Gigas acquires a portfolio of +3k business customers from First Converged Adds fixed telephony, cloud PBX and connectivity services Telco & Cloud Kickstarts Gigas transformation towards converged telecoms, cloud and security provider Operator M
Slide 4: A B2B portfolio built for the digital era
A B2B portfolio built for the digital era Building a forward-looking ...unlocking significant value for portfolio... Gigas and its clients Current New services Cross-selling opportunities IaaS Hybrid and multi Cloud PaaS Cloud/security products SAPTM Cloud Cloud B2B PORTFOLIO Disaster recovery SD-WA
Slide 5: Shareholders and Board of Directors
Shareholders and Board of Directors Management Team* 5.3% GAEA Miguel Venâncio José Antonio managed by Arribas (COO) Inveready Arantza Ezpeleta GAEA Inversión (Carlos Conti) Private 28.2% Francisco Investors 60.2% Arteche Emma Inveready Capital Fernández Co. (Sara Sanz) 6.3% J. Poza 100% of Gigas 11
Slide 6: H1 2021 Key Highlights
H1 2021 Key Highlights H1’21 net revenues reached €22.7M, 4.4x growth YoY and 17% higher than budgeted, due mainly to acquisitions and earlier consolidation of ONI Adj. EBITDA for the semester reached €5.5M, € twice as much as the entire 2020, up 338% YoY and 35% higher than €4.1M in the budget for
Slide 7: Revenues H1 and Q2 2021
Revenues H1 and Q2 2021 About Gigas • Net revenues grew to €22.7M in the first half of 2021, 4.4x higher than the €5.2M of same period last year, thanks mainly to the consolidation of ONI, customers acquired from MasMovil, and cybersecurity business unit acquired from ValoraData • Revenues in H1 wer
Slide 8: EBITDA H1 and Q2 2021
EBITDA H1 and Q2 2021 About Gigas • Adjusted (recurring) EBITDA reached €5.52M in the first half of the year, 338% higher than the €1.26M in the same period a year ago and 34.7% higher than the €4.10M budgeted due to earlier consolidation of ONI, acquisition of ValoraData business unit and synergies
Slide 9: H1 2021 Results Compared to H1 2020 and Budget
H1 2021 Results Compared to H1 2020 and Budget GIGAS GROUP CONSOLIDATED INCOME STATEMENT 2021 2021 2021 2020 2021 Budget Figures in EUR Q1 Q2 H1 % Chg. JAN-JUNE % Chg. H1 Net revenue 9,323,108 13,394,517 22,717,625 338% 5,181,445 16.8% 19,458,277 Cloud, IT and cybersecurity services 3,523,012 4,166,
Slide 10: 2021 Budget
2021 Budget • New strategy to offer converged telco/cloud/cybersecurity services, fueled by acquisitions, have changed the scale of the Company • Actual EBITDA achieved in Q2 reaches the EBITDA expected for Q4 • Proforma figures, including all companies acquired, would reach approx. €64M in net reve
Slide 11: H1 2021 P&L
H1 2021 P&L CONSOLIDATED INCOME STATEMENT 2021 Figures in EUR JAN-JUNE Net revenue 22,717,625 • Loss of €1.87M in the period mostly Cloud, IT and cybersecurity services 7,689,550 due to amortisation of customer Telecommunication services 15,006,390 Non-recurring income, grants and other 21,684 relat
Slide 12: H1 2021 Balance Sheet
H1 2021 Balance Sheet • Other intangible assets (€21.0M) represent Li mi ted revi ew Audi ted Figures in EUR 30.06.2021 31.12.2020 NON-CURRENT ASSETS 96,516,307 15,261,788 the rights of use of long term network Intangible assets 71,714,465 9,380,374 contracts from ONI Research and dev elopment 179,9
Slide 13: H1 2021 Balance Sheet
H1 2021 Balance Sheet Li mi ted revi ew Audi ted Figures in EUR 30.06.2021 31.12.2020 • Shareholders’ equity increased significantly EQUITY 47,720,486 25,378,536 due to capital increase executed as part of CAPITAL AND RESERVES 47,954,181 25,565,275 Capital 232,887 154,387 the payment linked to the a
Slide 14: CAPEX Evolution 2017-2021
CAPEX Evolution 2017-2021 • CAPEX (excl. M&A and R&D) growing significantly this year, due to the new telco profile of Gigas and one-off integration and new product investments • Budget for the year is €10.30M (€0.65M in 2020), but €3.05M invested in H1 (€2.04M in Q2), 29.3% lower than budgeted and
Slide 15: Debt Evolution as of 30/JUN and 1/SEP 2021
Debt Evolution as of 30/JUN and 1/SEP 2021 • €60.5M invested in four acquisitions this year so far (€51.4M in H1’21): • ONI: €39.5M (€15.0M paid in cash, rest in Gigas’ shares) • MasMovil Customer Portfolio: €9M (€7.2M paid, rest in 12m) • ValoraData Business Unit: €2.38M (€1.7M paid, rest in 12m) •
Slide 16: OnMovil Acquisition
OnMovil Acquisition • Acquisition of Mobile Virtual Operator (MVNO) OnMovil closed on the 1st of September • OnMovil distributes mobile services through almost 200 small regional telco operators • Through those partners, OnMovil has achieved 85,000 mobile lines and positions Gigas as one of the larg
Slide 17: In Summary
In Summary • The Company has gone through a significant transformation this year, both from a scale (€11M to €64M in revenues) and scope (cloud to cloud/telco/cybersec.) perspective and the management team has been focused on the corporate transactions, integrating the targets acquired and preparing
Slide 18: Q&A
Q&A H1 2021 Results Investors Presentation Diego Cabezudo, CEO Javier Cañete, CFO 18
Slide 19: Investor relations contact
Investor relations contact: investor@gigas.com accionista@ = i