Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — Foro Medcap Mayo 2019
21 slides from Gigas Hosting Sa's conference presentation, May 2019
Slide 1: Investors Presentation
Investors Presentation MAY 2019 gigas.com 1
Slide 2: About Gigas
About Gigas Gigas is a cloud computing company that started to provide services in 2012, operating in the "Infrastructure as a Service" (IaaS) segment A sector with significant growth rates (over 25% per year in Spain and Latam, in the 2014-2018 period, according to Gartner), and consolidation oppor
Slide 3: Gigas at a glance
Gigas at a glance Spain, Colombia, Chile, Peru, Panama and Mexico 3
Slide 4: Gigas Growth Timeline
Gigas’ Gigas Growth Timeline Overview Leading provider of cloud computing services in Spanish- speaking markets 4
Slide 5: Team
Gigas Growth Experience Overview Team Lola Molins Alberto Fernández Cristian García MARKETING DIRECTOR SALES DIRECTOR FINANCIAL CONTROLLER 5
Slide 6: Shareholders and Board of Directors
Shareholders and Board of Directors ** 100% of Gigas 4.3 million shares are listed on the Alternative Stock Market (MAB) in the Madrid Stock Exchange * Bonsai Venture Capital and Caixa Capital Risc ** 5 of those private investors have a seat in the Board (jointly controlling 9.4% of the shares) 6
Slide 7: Award Winning Technology
Award Winning Technology Cloud Service Provider in Spain «jal MsPmentor Global Edition, 2015 & 2016 Significant Global Provider 25 Gartner Cloud Infrastructure as a Service 2013, 14, 15 & 17 Best laaS Service | st Eurocloud 2013 & 2014 Best Global Cloud Hoster The Cloud Awards 2016, 2017 Best Cloud
Slide 8: Some Companies Hosted at Gigas
Some Companies Hosted atAbout Gigas Gigas 8
Slide 9: Infrastructure & Technology Partners
Infrastructure & Technology Partners Getting the cloud infrastructure as closest to the customer as possible is key for user experience, technical and regulatory reasons: • Own infrastructure in six external data centers, with the highest Security and Availability certifications (Tier III and Tier I
Slide 10: Cloud VPS
Cloud VPS About Gigas • Cloud VPS customers reached 3,083 by end of March 2019, lower than the 3,310 customers a year earlier, but in line with Gigas’ strategy to focus on high value add customers at the expense of customer numbers • The Cloud VPS segment is very price sensitive, but Gigas focuses o
Slide 11: Cloud Datacenter
Cloud Datacenter About Gigas • The Cloud Datacenter, aimed at medium and • The Cloud Datacenter ARPU reached €1,224/mo. large corporates, is Gigas’ main product, with 91% during 2018, 14.2% higher than in 2017, due to of gross revenues, and continues to grow customer upgrades and winning larger proj
Slide 12: Inorganic Growth
Inorganic Growth • The cloud and hosting market is dominated by 3-4 large players (AWS, Azure and Google with c.50% market share) whereas the other half is extremely fragmented. • Gigas is exploiting the opportunity to acquire companies with good business customer bases which bring volume and signif
Slide 13: Revenues FY 2018
Revenues FY 2018 About Gigas • Gross revenues reached €10.16 million in 2018, 44.0% higher than in 2017, due to organic growth and acquisitions. Net revenues grew 46.0% to €8.68M • Revenues higher than budgeted, due to Ability contribution not included in the original budget. Acquisitions contributi
Slide 14: Revenues Q1 2019
Revenues Q1 2019 About Gigas • Gross revenues reached €3.04 million in Q1 2019, 42.3% higher than in Q1 2018. Net revenues reached €2.47M in Q1 2019, 34.2% higher than the €1.84M from Q1 2018 • Revenues higher than budgeted, especially gross revenues, due to annual contracts signed in first quarter.
Slide 15: EBITDA
EBITDA About Gigas • Q1 2019 EBITDA grew 107.8% year-on-year, reaching €0.64M in the quarter • EBITDA in the quarter was significantly higher than budgeted (27.6% higher) due to higher than expected revenue growth and cost efficiencies • EBITDA slightly lower than the previous quarter mostly due to
Slide 16: Q1 2019 Results vs. Q1 2018 and vs. Budget
Q1 2019 Results vs. Q1 2018About and vs.Gigas Budget CONSOLIDATED INCOME STATEMENT 2019 2018 2019 budget Figures in EUR JAN-MAR % Chg. JAN-MAR % Chg. JAN-MAR Gross sales 3.036.615 42,3% 2.134.305 9,8% 2.766.364 Accrued sales (148.969) - 27.111 1.106,1% (12.351) Sales discounts and promotions (413.52
Slide 17: 2019 Budget
2019 Budget About Gigas • Management positive about 2019 due to good sales activity at the end of 2018 and strong start of 2019 together with accruals from end of year 2019 CONSOLIDATED BUDGET EUR Q1 Q2 Q3 Q4 2019b Chg. (%) 2018 Gross sales 2.766.364 2.885.117 2.975.718 3.205.072 11.832.270 16,5% 10
Slide 18: Balance Sheet as of Dec. 31st 2018
Balance Sheet as of Dec. 31stAbout 2018 Gigas • Convertible Bonds totaling €2.5M were issued in April 2018; €0.7M are classified as Other Equity Instruments and €1.8M as long-term debt under Non-Current Liabilities. If converted, shares to be issued would be approximately 700k (c. 13.9%) • Gross deb
Slide 19: Share Price Evolution
Share Price Evolution About Gigas • Share price developing well: Up 107.4% since IPO, 86.8% in 2018 and 3.7% YTD • As of 28th of May, Market Cap is €29.1M (4.3M shares @ €6.74 per share) • Shares currently trading at 3.3x EV/Sales 2019e and 13.5x EV/EBITDA 2019e (assuming convertible bonds are conve
Slide 20: Gigas
gigas Diego Cabezudo. CEO diego.cabezudo@gigas.com
Slide 21: The New Generation of Cloud Computing
The New Generation of Cloud Computing 21