Slide 1: Quartix Technologies plc 2024 Interim Results Presentation
Quartix Technologies plc 2024 Interim Results Presentation
Slide 2: Software subscription service
Software subscription service GPS GPRS/ 4G Fleet customers use our software to: • Increase capacity • Improve fuel economy • Reduce overtime payments • Eliminate fraud and wastage • Manage risk • Minimise carbon footprint 2
Slide 3: Subscription base growth
Subscription base growth FLEET SUBSCRIPTION BASE 6 months’ growth: 30 June 2024 282,922 Investors in Customers Gold Trustpilot 4.9/5 – Excellent 250,000 London Stock Exchange Green Economy Mark Founded in 2001 200,000 Launched in France in 2010; USA in 2014 and Spain, Italy Investors in Customers Go
Slide 4: Recurring revenue model
Recurring revenue model £m30 2024 Graph shows recurring revenue by cohort 2023 High levels of repeat custom from existing customers as 25 their fleets grow, which helps offset the effects of 2022 attrition Inflationary price adjustment introduced in 2024 20 2021 High customer “stickiness”, particula
Slide 5: KPIs
KPIs 2024 2023 Change Fleet subscriptions (new units) 37,863 33,547 13% Fleet subscription base (units) 289,922 251,787 12% Fleet customer base 28,586 26,337 8% Fleet attrition (annualised %) 14.0 13.5 - Change in ASP(%) 1 (1.3) (4.6) - Fleet revenue (£’m) 2 16,052 14,456 11% Fleet subscription base
Slide 6: Financial Overview
Financial Overview H1 2024 H1 2023 Change Total revenue 16,105 14,623 10.1% Gross profit 11,146 10,146 9.9% Gross margin 69.2 % 69.4 % Operating profit 2,714 2,415 12.4% Operating margin 16.9% 16.5 % Adjusted EBITDA 2,732 2,689 1.6% Earnings per share - basic (p) 4.49 4.21 6.7% Earnings per share -
Slide 7: UK/ EI
UK/ EI 18 + 6% £17.3m 160,000 + 7% 151,477 £’m 16 140,000 New installations increased by 17% to 14 15,786 120,000 12 100,000 10 80,000 8 60,000 6 4 40,000 Good progress in subscription base 20,000 6% growth in recurring revenue 2 Further development of channels to market 0 0 and recruitment planned
Slide 8: France
France 9.0 80,000 £m +20% £8.0m +22% 74,740 8.0 70,000 New installations comparable with 7.0 60,000 2023 6.0 50,000 5.0 40,000 4.0 30,000 3.0 20,000 Excellent progress in revenue and 2.0 subscription base 1.0 10,000 Customer base grew by 14% 0.0 0 All channels to market performing well, 2023 2024 20
Slide 9: USA
USA 3.5 -2% -5% 28,843 £m £3.1m 30,000 New installations 3.0 decreased by 17% 25,000 to 3,144 2.5 20,000 2.0 15,000 1.5 10,000 1.0 Performance suffered from organisational 5,000 changes made in 2022 and 2023 0.5 Sales enquiries now running at encouraging 0.0 0 levels 2023 2024 2023 2024 Regeneration
Slide 10: Spain, Italy, Germany
Spain, Italy, Germany 3.0 +53% 30,000 +50% 22,759 £m £2.54m New installations 2.5 25,000 increased by 53% to 7091 2.0 20,000 1.5 15,000 1.0 10,000 Excellent progress in revenue and 0.5 5,000 subscription base New subscriptions now back on a strong 0.0 0 upward trajectory 2023 2024 2023 2024 Further
Slide 11: Progress on 2024 objectives
Progress on 2024 objectives 2500 Net increase in customer base for each 6-month period since flotation 2000 1500 42% improvement in H1 1000 500 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1. Accelerate growth in customer base (underway) 4. Channel effectiveness/balance in fleet markets (impr
Slide 12: Summary
Summary • Quartix has a strong, cash-generative business model with 94% recurring subscription revenue • The company has a highly competitive product offering and has an excellent reputation for customer service. • Renewed focus on Quartix’s core business of vehicle telematics services is driving pr
Slide 13: Quartix Technologies plc 2024 Interim Results Presentation
Quartix Technologies plc 2024 Interim Results Presentation