Slide 1: Call with Investors
Call with Investors May 12 | 11.00am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR 1
Slide 2: Q1 2022 results confirm strong growth of revenues and profitability
2 Q1 2022 results confirm strong growth of revenues and profitability #neverbetter. Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) +42% €30.5 +66% €4.5 €21.5 €15.9 52% +45% €11.0 €2.7 51% 14,7% €14.6 12,6% €10.5 +40% 48% 49% Q1-21 Q1-22 Q1-21 Q1-22 FinTech Aerospace
Slide 3: Perfect mix of organic & inorganic growth to boost profitability
_perfect mix of organic & inorganic growth to boost profitability Solid Organic Postive M&A NET Growth Contribution PROFIT +17.8% +€5 Mn €2.1 Mn vs Q1-2021 Revenues Q1-2022 6,8% of Revenues #neverbetter.
Slide 4: Q1-22 EBIT, net income, revenue and net cash highlights
4 € 3.2Mn Q1-22, + 86% vs. Q1-21 € 1.9Mn Q1-22, + 16% vs. Q1-21 €2.2Mn +16% vs. Q1-21, +€7.0Mn from services around proprietary SW € 9.4 Mn 31% of total revenues € 3.2Mn (Net Cash) + €8Mn* in Treasury Shares * Value calculated with stock price of € 9.78 per share (Share Price March 31st, 2022) Exclu
Slide 5: Revenues & EBITDA CAGR (2018-2021) show extraordinary growth
_Revenues & EBITDA CAGR (2018-2021) show extraordinary growth 5 New TXT after divestment of Retail division: CAGR 2018-2021: Revenues (Total) 34,1% EBITDA 56,3%
Slide 6: Sustainable growth, diversification
_Sustainable growth, diversification 6 Aerospace & Aviation Fintech Turnover Q2-2022: 15.9M € 5% Revenues Revenues Turnover Q1-2022: 14.6M € breakdown +45% breakdown 11% +40% 16% EBITDA margin Q1-2022: 62% 27% EBITDA margin Q1-2022: 18% Software 11% 80% Software Advanced services Advanced services I
Slide 7: Q1-22 Main Events & Future Evolutions
7 _Q1-22 Main Events & Future Evolutions
Slide 8: Aerospace & Aviation Division and Fintech Division
Aerospace & Aviation Division Fintech Division (including Automotive & Manufacturing offering) (including Public Sector offering) • Civil Aviation: further reboot of the business with acquisition of • New multi-million public tender awarded in Q2-2022 with new customers: i) Deutsche Aircraft for PAC
Slide 9: Focus on
9 focus on • After outperforming results for Q1 2022 with an organic growth of ≈18%, TXT continues the improvement path aiming to maintain a constant and sustainable expansion pushed by internal innovation and strengthened commercial network. • Solid pipeline of new potential acquisitions for the ac
Slide 10: Q1-2022 Financials
10 Q1-2022 FINANCIALS
Slide 11: Q1 2022 income statement
11 € thousand 1Q 2022 % 1Q 2021 % Var % REVENUES 30,520 100 21,481 100 42.1 Direct costs 18,893 61.9 13,210 61.5 43.0 GROSS MARGIN 11,627 38.1 8,271 38.5 40.6 Research and Development costs 1,908 6.3 1,650 7.7 15.6 Commercial costs 3,167 10.4 2,513 11.7 26.0 General and Administrative costs 2,059 6.
Slide 12: Net financial position
12 .000 Euro 31.03.2022 31.12.2021 Var Cash 42,185 36,076 6,109 Trading securities at fair value 47,981 48,869 (888) Short term Financial Debts (47,516) (44,570) (2,946) Short term Financial Resources 42,650 40,375 2,275 Non current Financial Debts - Lessors IFRS 16 (4,055) (4,209) 154 Other Non cur
Slide 13: Capital employed and financing
13 € thousand 31.03.2022 31.12.2021 Change Intangible assets 54,311 52,626 1,685 Tangible assets 12,383 12,126 257 Other fixed assets 16,438 16,529 (91 ) Fixed Assets 83,132 81,281 1,851 Inventories 12,611 7,810 4,801 Trade receivables 30,793 43,156 (12,363 ) Other short term assets 9,807 8,864 943
Slide 14: Share price and shareholder structure
14 Latest Public Data Available as of 31 March 2022 Treasury Shares; 10% Laserline SpA; 30% Market; 50% Managers; 11% Share Price Dec 31st, 2018 9.66€/share Share Price Mar 31st, 2022 9.78€/share Mkt Mar 31st, 2022 114.4m € Dividend Yield n.a.
Slide 15: Dividends and treasury share repurchases
15 18 16,3 16 4,6 With the aim of best pursuing the 14 accelerated growth plans through 12 acquisitions and continuing 10 8 6,8 investments in proprietary 6 11,7 1 5,3 platforms to increase the value of the Group and, also in view of the 3,7 3,7 3,8 4 3,2 3,2 0,3 0,9 1,1 0,6 1 0,8 5,8 5,3 0,76 1,6 c
Slide 16: Q&A
17 Q&A