Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO
Logo Yazilim Sanayi Ve Ticaret A.s — Logo Yazılım Sanayi ve Ticaret A.Ş. — H1 2015 Earnings Presentation
16 slides from Logo Yazilim Sanayi Ve Ticaret A.s's earnings presentation, Aug 13, 2015
Slide 1: Analyst Presentation for 2015 H1
ANALYST PRESENTATION for 2015 H1 Gülnur ANLAŞ CHIEF FINANCIAL OFFICER August 13, 2015 1
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect LOGO management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations refl
Slide 3: Content
Content 2015 H1 Operating Highlights Financial Review Questions & Answers
Slide 4: H1 Operating Highlights
H1 Operating Highlights • Economy & Market: a slightly better sentiment compared to the first quarter as global economy grew although at a slower pace in both developed and emerging economies. For the Turkish economy, conditions remain weak compared to 2014 but there is an improvement in the contrac
Slide 5: Expanding Market Share
Expanding Market Share • Continued growth at above market growth rates leading to market share gains • Increased market share up to 23,3% from 20% • Continued to be the leading company in the SME segment and ranked second after SAP. 2012 Others Logo Others 14.40% 19.20% Q1 Highlights Netsis 5.80% Or
Slide 6: Growing Product Range
Growing Product Range • Product range expansion through organic growth and value oriented acquisitions. • CRM provider Intermat joins Logo in January 2015 • Warehouse & logistics software company Sempa joins Logo in June 2015. Q1 Highlights 139 6
Slide 7: Growing ecosystem: Logosphere
Growing ecosystem: Logosphere Q1 Highlights 139 7
Slide 8: Content
Content 2015 H1 Operating Highlights Financial Review Questions & Answers LOGO General IR Presentation 2014
Slide 9: Financial Summary
Financial Summary H1 LFL Guidance IFRS (m TL) H1 14 H1 15 D H1 14 H1 15 D YE14 YE15 D Revenue 48,0 54,3 13% 48,8 54,3 11% 104,0 120,0 15% EBITDA 22,4 26,5 18% 22,4 26,5 18% 39,6 47,5 20% EBITDA Margin 47% 49% 46% 49% 38% 40% Net Income 16,3 21,2 30% 16,3 21,2 30% 27,7 35,0 26% Net Income Margin 34%
Slide 10: Key Financials
Key Financials Sales Performance (m TL) Recurring Sales (%) 120 CAGR: 50% 13% 120% CAGR: 211% 104 8% 100 5% 100% 4% 15% 24% 80 80% 36% 35% 70.7 46% 31% 56% 60 54.3 60% 46.2 48.0 96% 40 40% 85% 31 76% 64% 65% LEM 20.8 54% 20 20% Pay as you go Maintenance 0 0% SaaS 2010 2011 2012 2013 2014 6M14 6M15 2
Slide 11: Key Financials
Key Financials R&D (000 TL) Share in Revenue (%) S&M (000 TL) Share in Revenue (%) G&A (000 TL) Share in Revenue (%) 26% 28% 21% 24% 12% 8% 60.0 54.3 54.3 54.3 48.0 48.0 48.0 50.0 40.0 30.0 20.0 12.59 22% 15.35 10.21 25% 12.80 -27% 10.0 5.54 4.07 0.0 6M14 6M15 6M14 6M15 6M14 6M15 Total Revenue R&D E
Slide 12: Key Financials
KeyFinancials Key Financials EBIT (m TL) EBITDA (m TL) Net Income (m TL) CAGR: Ch: CAGR: Ch: CAGR: Ch: 65% 16% 50% 18,3% 107% 30% 35 28 39.6 29.6 30 38% 21.2 25 19 20.8 27.1 + 26.5 20.6 20 38%22.4 3% 16.3 17.8 15 17.4 11 11.6 31% 28% 11.8 10 10%10% 29% 6.6 3 5 0 2011 2012 2013 2014 6M14 6M15 2011 20
Slide 13: Key Financials
Key Financials Balance Sheet Highlights (m TL) Working Capital (m TL) (Share in Revenue %) 2014 H1 2015 D Cash & Cash Eq. 48,7 31,2 -36% 35% 38% 60% 46% 42% 33% Trade Receivables 53,7 40,2 -25% 48.0 Tangible Assets 15,1 15,3 2% 42.8 39.8 Intangible Assets 43,6 51,6 18% 36.0 Other Assets 5,1 4,7 -8%
Slide 14: Share Performance
Share Performance 1H2014 2014 financials 7 Q12014 financials released Voluntary released (Feb 16 2015) financials 6 tender offer 2013 financials released (Aug 13. 2014) (Jan 27. 2014) announced (May 12. 2014) (Feb 14. 2014) 5 LoI with LoI with Sempa eLogo Intermat Acqusition of (Apr 17, 2015) 4 Call
Slide 15: Content
Content 2015 H1 Operating Highlights Financial Review Questions & Answers
Slide 16: Thank you for joining us today
Thank you for joining us today LOGO Investor Relations Team T: +90 262 679 8000 E: investor@logo.com.tr 16
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