Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — Q1 2025 Earnings Presentation
18 slides from Asseco South Eastern Europe's earnings presentation, Apr 25, 2025
Slide 1: Asseco SEE Payten
aasee Payten
Slide 2: Financial results for Q1'2025 and Business Update
Financial results for Q1’2025 And Business Update 25th April 2025
Slide 3: Q1'25 – Highlights
Q1’25 – Highlights ▪ Strong Payment as main contributor to EBIT growth YoY ▪ Payment growth driven by eCommerce and Processing with lower POS-RS and better ATM-RS ▪ Positive Banking results, thanks to Core and Channels ▪ Significantly better cash conversion in YoY and increased net cash balance, des
Slide 4: Q1'2025 results
— £etonweyLaesuic
Slide 5: Q1'25 – Operating profit growth
Q1’25 – Operating profit growth mEUR mPLN Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 % Diff Q1 2025 Q1 2024 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 95.7 84.9 95.7 84.5 +13% 400.3 367.1 400.4 365.3 +10% EBITDA 17.9 16.4 17.9 16.4 +9% 74.8 71.1 74.9 70.9 +6% EBIT 11.7 11.0 11.9 11.
Slide 6: Q1'25 – Payment drive the growth
Q1’25 – Payment drive the growth Revenue EBITDA EBIT mEUR Q1 2025 Q1 2024 Diff Q1 2025 Q1 2024 Diff Q1 2025 Q1 2024 Diff 43 43 0 6 6 0 4 5 0 Payment Solutions 52.8 41.2 +11.6 11.7 10.0 +1.7 7.7 6.6 +1.1 Non-Payment 42.9 43.4 -0.5 6.2 6.4 -0.2 4.2 4.5 -0.3 Banking Solutions 18.4 16.7 +1.7 5.2 4.8 +0.
Slide 7: Q1'25 – Growing driven by eComm.+Proc. and ATMs
Q1’25 – Growing driven by eComm.+Proc. and ATMs EBIT per BUs Q1 2025 Revenue eCommerce 13% (13%) mEUR Q1 2025 Q1 2024 Diff ECR + IPD POS 21% Processing 6% (6%) (40%)3% (4%) ECR + IPD 4.7 3.4 +1.2 ATM eComm. + Proc. 16.9 11.7 +5.2 POS 29% (31%) ATM 55% (incl. IAD) (52%) ATM (incl. IAD) 12.7 7.8 +4.8
Slide 8: Q1'25 – India and Dubai impact growth
Q1’25 – India and Dubai impact growth Revenue EBIT mEUR Q1 2025 Q1 2024 Diff % Diff Q1 2025 Q1 2024 Diff % Diff SEE 56.8 50.3 +6.5 +13% 7.8 7.3 +0.5 +7% B&H 7.2 5.9 +1.3 +22% 1.1 1.0 +0.1 +8% Croatia 13.8 13.0 +0.9 +7% 1.8 1.2 +0.6 +50% Macedonia 3.8 3.3 +0.4 +13% 0.6 0.5 +0.0 +9% Serbia 25.0 22.7 +
Slide 9: Liquidity
ED Liquidity
Slide 10: Net Cash position
Net Cash position mEUR 31 Mar'25 2024 YE Diff Cash and short term investments 72.8 63.8 +9.0 Lease liabilities -17.1 -15.4 -1.8 Bank loans and credit lines -40.3 -38.1 -2.2 Deferred and contingent payments for acquisitions (short-term) -10.1 -10.1 -0.0 Net Cash 5.3 0.3 +5.0 Receivables and Prepaymen
Slide 11: Cashflow
Cashflow mEUR Q1 2025 LTM 2024 2023 2025 Q1 2024 Q1 Operating cash flow 62.3 47.8 70.5 15.3 0.8 - Infrastructure for outsourcing & own networks -16.5 -13.6 -7.8 -5.6 -2.7 - Capitalized R&D 0.0 0.0 -0.1 0.0 0.0 - M&A -20.1 -21.1 -18.2 -1.1 -2.1 - Other CAPEX -7.5 -7.7 -7.6 -1.5 -1.7 - Dividends for m
Slide 12: Outlook for 2025
Outlook for 2025 12
Slide 13: ASEE + Payten
ASEE + Payten mEUR Q2 2025 Q2 2024 % Diff mEUR 2025F 2024F % Diff Revenues BL 92.6 82.6 +12% Revenues BL 322.4 293.7 +10% Margin1 BL 66.6 58.5 +14% Margin1 BL 249.0 219.0 +14% 70 300 60 +14% 250 +14% 50 200 40 30 66.6 58.5 150 249.0 20 100 219.0 10 50 0 0 Q2 2025 Q2 2024 2025F 2024F * backlog data f
Slide 14: ASEE – Banking and Dedicated Solutions
ASEE – Banking and Dedicated Solutions mEUR Q2 2025 Q2 2024 % Diff mEUR 2025F 2024F % Diff Revenues BL 44.2 42.9 +3% Revenues BL 151.4 146.2 +4% Margin1 BL 30.2 26.5 +14% Margin1 BL 107.8 94.5 +14% 35 120 30 +14% 100 +14% 25 80 20 60 15 30.2 26.5 40 107.8 94.5 10 5 20 0 0 Q2 2025 Q2 2024 2025F 2024F
Slide 15: Payten
Payten mEUR Q2 2025 Q2 2024 % Diff mEUR 2025F 2024F % Diff Revenues BL 48.4 39.7 +22% Revenues BL 171.0 147.5 +16% Margin1 BL 36.5 32.0 +14% Margin1 BL 141.2 124.6 +13% 40 160 35 +14% 140 +13% 30 120 25 100 20 80 15 36.5 32.0 60 141.2 124.6 10 40 5 20 0 0 Q2 2025 Q2 2024 2025F 2024F * backlog data f
Slide 16: Legal disclaimer
Legal disclaimer The content presented in this presentation is subject to copyright protection and has the ownership title. Texts, graphics, photographs, sound, animations and videos as well as their distribution in the presentation are protected under the Copyright and related rights Law. Unauthori
Slide 17: Thank you
Thank you http:// asee.io 17
Slide 18: <1asee
<1asee
Asseco South Eastern Europe — Q1 2025 Earnings Presentation on 6ix