Atp Yazilim Ve Teknoloji As · BIST:ATATP
Atp Yazilim Ve Teknoloji As — ATP Yazılım ve Teknoloji A.Ş. — Q3 2023 Earnings Presentation
20 slides from Atp Yazilim Ve Teknoloji As's earnings presentation, Oct 31, 2023
Slide 1: ATP Q3 2023 Results Presentation
ATP Q3 2023 Results Presentation October 31, 2023
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect ATP management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations refle
Slide 3: Business & Financial Update
Business & Financial Update 3rd Quarter & 9 Months 2023 Results Presentation
Slide 4: Exceeding Expectations: Strong Growth of a Diversified Model
Exceeding Expectations: Strong Growth of a Diversified Model Q3 2023 9 Months 2023 9 Months 2023 Margin Changes Revenue TRY 331.4M 136% YoY TRY 712.6M 115% YoY Margin 49% Gross Profit TRY 154.2M 106% YoY TRY 347.0M 109% YoY -1,5 points Net Operating Margin 21% Profit TRY 68.0M 229% YoY TRY 135.0M 14
Slide 5: Diversified Model: A Catalyst for Sustainable Success
Diversified Model: A Catalyst for Sustainable Success 2023 9 Months REVENUE 712.6M TL Revenue Distribution Revenue Distribution Domestic & International by Currency 227.7M 32.0% 66,8% YoY 475.8M 39,4% 121.9% YoY 33,2% 28,6% 280.7M 109.2% 236.7M 204.1M YoY YoY 114.5% YoY 127.5% 108.2% Domestic Intern
Slide 6: A Closer Look at Strong Business Results
A Closer Look at Strong Business Results Revenue Distibution (M, TRY) EBITDA Growth (M, TRY) 117.8% 176.6% 2023 9 Months 2023 9 Months YoY REVENUE YoY EBITDA 430,8 94,2 712.6M 183.7M 86.6% YoY 125.3% 51.3% 118.7% 60.5% 51,2 YoY YoY 100.6% 38,2 YoY 163,6 27.9% 118,2 20.8% Share in 23.0% Share in Reve
Slide 7: Sustainable Growth through MRRs
Sustainable Growth through MRRs 9 Month MRR DISTRIBUTION 50% STEADILY INCREASING MRR (M, TRY) MRR 28% 22% 140 120 Tradesoft Zenia ATP Digital 100 Q3 2023 80 MRR REVENUES SHARE OF TOTAL REVENUES GROWTH 60 TRY 129.5M 39.1% 95.6% YoY 40 9 Months 2023 20 MRR REVENUES SHARE OF TOTAL REVENUES GROWTH 0 TRY
Slide 8: ZENIA: Expanding in Global Hospitality Market with Technology Solutions
ZENIA: Expanding in Global Hospitality Market with Technology Solutions Driving Efficiency & Profitablity with Zenia Solutions ▪ ReadyRealized Benefits for RBI’s Kings Journey Through Kisok UpSell ▪ ▪ Global provider of end-to-end technologies to QSR ▪ Completed digital infrastructure and processes
Slide 9: ZENIA: Scaling Growth & Profitability
ZENIA: Scaling Growth & Profitability Zenia Q3 Revenue (M, TRY) Zenia Q3 EBITDA (M, TRY) 169.0% YoY 201.2% YoY 51,5 201,2 131,6 25,3 74,8 17,1 Q3 22 Q2 23 Q3 23 Q3 22 Q2 23 Q3 23
Slide 10: Tradesoft: Leading Progress in a Growing Market
Tradesoft: Leading Progress in a Growing Market Number of Tradesoft Customer Leveraging Opportunities in the market Investor Transactions Volume* ▪ Equity Market growing with new IPOs and investors (Millions) (Trilions) 8.0 ▪ New Digital Players; and bank integrations with brokerage firms 6,8 ▪ Trad
Slide 11: Tradesoft & ATP Digital: Solid Financial Contributions
Tradesoft & ATP Digital: Solid Financial Contributions Tradesoft Revenue (M, TRY) ATP Digital Revenue (M, TRY) 101.0% YoY 97.7% YoY 45,4 84,8 42,4 22,6 42,9 44,7 Q3 22 Q2 23 Q3 23 Q3 22 Q2 23 Q3 23 Tradesoft EBITDA (M, TRY) ATP Digital EBITDA (M, TRY) 153.4% YoY 151.1% YoY 14,3 19,7 19,6 10,4 5,7 7,
Slide 12: ATP GreenX: Market Opportunities
ATP GreenX: Market Opportunities Global Renewable Energy Certificate Market 2022-30 ($B) Türkiye Renewable Energy Certificate Market 2023-30 ($M) $ 111 $116 CAGR 27.2% CAGR 41.4% Certificate Trade Volume $86 $34 $13,65 $10 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2023 2024 2025 2026 2027 20
Slide 13: ATP GreenX: Pioneer in Green Energy Markets
ATP GreenX: Pioneer in Green Energy Markets ATP GreenX Value Proposition ▪ Digital Green Energy Marketplace for buying and selling all renewable energy and carbon certificates ▪ Bring renewable energy producers and users together over a user-friendly platform ▪ Designed for use by global producers a
Slide 14: AtaExpress: Strategic Tech Innovation & Enhancing Services
AtaExpress: Strategic Tech Innovation & Enhancing Services ATA EXPRESS (Tıkla Gelsin & Fiyuu) ▪ 5.3M members; 1.2M active users ▪ Fiyuu leads market with highest fast food delivery coverage nationwide • 6,000+ riders in 78 cities • Serving 240+ brands; 150K+ daily deliveries ▪ TıklaGelsin infrastruc
Slide 15: YE 2023 Guidance: Exceeded Expectations in Revenue & EBITDA Growth
YE 2023 Guidance: Exceeded Expectations in Revenue & EBITDA Growth YE 2023 YE 2023 Guidance Revised Guidance Revenue Growth ~90% ~100% EBITDA Growth ~85% ~100%
Slide 16: Strong Q3 Revenue & EBITDA Growth
Strong Q3 Revenue & EBITDA Growth Quarterly Revenues (M, TRY) Quarterly EBITDA (M, TRY) 136.2% YoY 179.7% YoY 331,4 85,4 218,7 55,4 140,3 30,5 Q3' 22 Q2' 23 Q3' 23 Q3'22 Q2'23 Q3'23
Slide 17: Effective Financial Management
Effective Financial Management Quarterly Net Income (M, TRY) Multiple Developments & Upsides 115.0% YoY ▪ Better than expected performance for Q3 & 9 Months ending Sept 2023 77,6 ▪ Heading towards better YE 2023 than originally planned 62,6 ▪ ATP China expanding services portfolio for customers; con
Slide 18: Effective Cash Management
Effective Cash Management DSO (DAYS) DPO (DAYS) CASH (M, TL) 250 240 270 270 246 244 230 250 250 213 230 230 219 210 196 210 202 210 190 196 200 187 190 191 190 182 170 163 157 166 170 170 159 160 156 154 150 143 151 150 158 140 150 130 112 130 118 130 132 110 104 110 110 90 90 90
Slide 19: Strong Balance Sheet and Working Capital Position
Strong Balance Sheet and Working Capital Position Summary Balance Sheet (M, TRY) Working Capital/Revenue 30.09.2023 31.12.2022 Δ Cash and cash equivalents 220.5 197.4 11.7% Trade receivables 318.1 226.2 40.6% 25,1% Inventories 35.8 12.5 186.0% 22,2% Property, plant and equipment 6.9 5.4 27.8% Intang
Slide 20: THANK YOU
THANK YOU
ATP Yazılım ve Teknoloji A.Ş. — Q3 2023 Earnings Presentation on 6ix