Nedap N.v · EURONEXT:NEDAP
Nedap — Investor Presentation (December 2020)
34 slides from Nedap's investor presentation, December 2020
Slide 1: Nedap Investor Presentation December 2020
Nedap Investor Presentation December 2020
Slide 2: Disclaimer
Disclaimer • Any forward-looking statements in this presentation refer to future events and may be expressed in a variety of ways, such as “expects”, “projects”, “anticipates”, “intends” or other similar words (“Forward-looking statements”). Nedap N.V. (“Nedap”) has based these forward-looking state
Slide 3: Contents
Contents Nedap at a Glance Nedap Investment Proposition Key Figures 05 Key Facts 14 Investment Proposition 24 Key Figures 06 Board of Directors 15 Financial Track Record Financial Updates Strategy 16 Financial Targets 26 Trading Update Q3 2020 08 Technology for Life 17 Nedap Share 27 Highlights HY1-
Slide 4: Nedap at a Glance
Nedap at a Glance 4
Slide 5: Key Facts
Key Facts Revenue (2019) Founded in Listed since High-tech Creating hardware € 191.5 million 1929 1947 company & software Market Cap (31-12-2020) 800± € 341 million employees 4 core Leading technologies positions in 7 Operating Profit selected niche (2019) markets € 17.5 million Headquarters in Groe
Slide 6: Board of Directors
Board of Directors Ruben Wegman (1966, CEO) Joined Nedap in 1997, CEO since 2009 − Nedap board member since 2002 − Several management positions at Nedap since 1997 − Started career at Shell − Graduated in Computer Sciences − Various executive programs, including INSEAD and IMD Daniëlle van der Sluij
Slide 7: Strategy
Strategy 7
Slide 8: Technology for Life
Technology for Life • Nedap focuses on the development and supply of Technology for Life: technological solutions that make people more comfortable and successful in their professional lives. • The starting point is always ‘first people, then technology’. What we develop and create must be of added
Slide 9: Strategic Framework
Strategic Framework Focus on 4 core Deep insights in technologies 7 niche markets Building winning platforms 1.Connected devices 1.Healthcare 2.Communications 2.Identification Systems technology 3.Light Controls 3.Software architecture 4.Livestock Management 4.User eXperience 5.Retail 6.Security Man
Slide 10: Strategic Intent
Strategic Intent Evolving from hardware manufacturer to provider of scalable and proprietary propositions High-end hardware Investments in scalable Increased focus Building winning manufacturing and proprietary and restructuring platforms company propositions • Entrepreneurial culture • Increased in
Slide 11: Value Creation Model
Value Creation Model Capturing growth by the synergy of Nedap employees and culture 11
Slide 12: Overview Business Units
Overview Business Units Business units Size* Niche market Solutions Competitive position Typology Healthcare 10-20% Long term care providers Electronic Health Record cloud -#1 in elderly care, #1 in disabled care Scale-up solution for administrative, logistic -New entrant in mental healthcare Start-
Slide 13: Nedap Investment Proposition
Nedap Investment Proposition 13
Slide 14: Investment Proposition
Investment Proposition • Focus on 4 core technologies and 7 niche markets offers opportunities to build winning platforms • Track-record of autonomous growth by creating scalable and proprietary propositions • High and growing added value per FTE driven by our entrepreneurial culture • Growth in mar
Slide 15: Financial Track Record
Financial Track Record Revenue Operating profit (excl one-offs) Strong Financial Position 5% 0% 21 11% 80% 1 195 30% +12% 10% 0,8 185 25% 17 60% 175 20% 9% 0,6 +4% 13 8% 40% 0,4 165 15% +1% 155 10% 7% 0,2 9 20% 145 5% 6% 0 135 0% 5 5% 0% -0,2 In €m In €m 2015 2016 2017 2018 2019 2015 2016 2017 2018
Slide 16: Financial Targets
Financial Targets High and growing added value per FTE Long-term autonomous revenue growth Operating profit, excluding one-off items 190 30% Recurring revenue outgrows total revenue of at least 10% 10% 180 25% 9% 170 20% 160 8% 15% 150 10% 7% 140 5% 6% 130 0% 5% In €k 2015 2016 2017 2018 2019 2015 2
Slide 17: Nedap Share
Nedap Share Overview of notifications major shareholdings AFM* Shareholder Stake in Nedap Cross Options Beheer B.V. 14.61% Share price development € 60 Teslin Participaties Coöperatief U.A. 10.19% € 55 Kempen Capital Management N.V. 10.00% € 50 NN Group N.V. 9.97% € 45 ASR Nederland N.V. 8.20% € 40
Slide 18: Business cases – Examples
Business cases – Examples 18
Slide 19: !D Cloud
!D Cloud Merchandise simply available We observe We create We scale Clients Fashion retailers have great By combining RFID With the cloud-based difficulty in keeping an knowledge with powerful new software service and a accurate overview of their software concepts, Nedap has growing global ecosystem
Slide 20: AEOS
AEOS Security above everything We observe We create We scale Clients More and more organisations Based on modern software Many leading institutions are struggling with the sharply concepts and open standards, around the world are now increasing and fundamentally Nedap has built a powerful working wi
Slide 21: CowControl: Where is Bertha 128?
CowControl™ Where is Bertha 128? We observe We create We scale Clients The market for dairy farming Nedap has created an all-in- Nedap is the global market is changing rapidly: Scaling up one monitoring and leader in management is a prerequisite for remaining management system for dairy systems of d
Slide 22: Ons Softwareplatform
Ons Softwareplatform Improved care, better working conditions We observe We create We scale Clients The healthcare sector suffers Nedap has developed a single By adding functionalities and from a large staff shortage system, Ons, that supports connecting partners and and a high workload, partly the
Slide 23: Key Figures
Key Figures 23 nedap
Slide 24: Key Figures
Key Figures Key Financials (in millions of euros) HY1 2020 HY1 2019 % FY 2019 FY 2018 % Revenue 93.5 94.2 -1% 191.5 191.4 0% Recurring revenue 24.0 21.3 13% 44.6 37.2 20% Added value** as percentage of revenue 65% 63% - 63% 62% - Added value** per FTE (x € 1,000) 166 172 -3% 173 179 -3% Operating re
Slide 25: Financial Updates
Financial Updates™ 7 Q
Slide 26: Trading Update Q3 2020
Trading Update Q3 2020 • Revenue in Q3 2020 5% lower than last year, shows a slight improvement compared to Q2 2020. − The business units Healthcare and Livestock Management continue to show further growth. − The business units Identification Systems, Retail, Security Management and Staffing Solutio
Slide 27: Highlights HY1-2020
Highlights HY1- 2020 • Revenue in the first half of 2020 was € 93.5 million, which is almost the same as in the first half of 2019 (-0.7%). − Recurring revenue increased by 13% and now accounts for 25.7% of the total revenue. • The business units Healthcare and Livestock Management showed good reven
Slide 28: Financial Calendar
Financial Calendar • 18 February 2021 - Annual figures 2020 • 23 February 2021 - Annual report 2020 28
Slide 29: Appendix
Appendix mot solu
Slide 30: 5-Year Financial History
5-Year Financial History Key figures (in millions of euros or as a percentage) FY 2019 FY 2018 FY 2017 FY2016** FY 2015 Revenue 191.5 191.4 182.2 163.2 180.9 Revenue growth 0% 5% 12% - 2% Recurring revenue 44.6 37.2 30.9 25.4 28.3 Growth of recurring revenue 20% 20% 22% - 20% Recurring revenue as %
Slide 31: Overview Business Units
Overview Business Units Business units Size Market (focus) Solutions Competitive position Typology Growth driver Market Competition Healthcare 10-20% Long term care providers Electronic Health Record cloud • #1 in elderly care, scale-up • Entering new verticals NL Local solution for administrative,
Slide 32: Highlights of the 2019 financial year
Highlights of the 2019 financial year • Stable revenue of € 191.5 million in 2019, with increasing added value. • Recurring revenue rose 20% and is now at 23% of the total revenue. • The Healthcare business unit continued its robust growth trend. Identification Systems, Light Controls and Security M
Slide 33: Consolidated income statement (€ x 1,000)
Consolidated income statement (€ x 1,000) 2020 2019 half-year half-year Revenue 93,534 94,181 Cost of materials and outsourced work -32,222 -31,228 Inventory movements of finished goods and work in progress -613 -3,767 -32,835 -34,995 Added value 60,699 59,186 Personnel costs -37,167 -35,548 Amortis
Slide 34: Consolidated balance sheet (€ x 1,000)
Consolidated balance sheet (€ x 1,000) 2020 2019 2020 2019 Assets Equity and liabilities 30 June 31 Dec. 30 June 31 Dec. Fixed assets Group equity 2,364 2,828 Shareholders' equity 80,366 73,571 Intangible fixed assets Non-current liabilities Tangible fixed assets 39,207 38,621 Borrowings 14,066 14,1