Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q1 2023 Earnings Presentation
20 slides from Arribatec Group ASA's earnings presentation, May 11, 2023
Slide 1: Quarterly presentation Q1 2023
Quarterly presentation Q1 2023 ^ Geir Johansen, CEO
Slide 2: Highlights Q1
Highlights Q1^ ⁃ All time high quarterly revenue of NOK 150m (126m) and 19% growth ⁃ Positive EBTIDA of NOK 5.3m (-6.2m) an improvement of NOK 11.5 m ⁃ NOK 62m (38m) in cash plus unused credit facility of NOK 20m ⁃ Robust demand – in particular for consulting services +25% ⁃ Signed 465 new contracts
Slide 3: Strong growth and positive EBITDA
Strong growth and positive EBITDA ^ Revenue Recurring EBITDA NOK 150m (126m) NOK 51m (47m) NOK 5.3m (-6.2m) +19% qrt/qrt +9% qrt/qrt +185% qrt/qrt Organic Growth +19% 34% of total revenue Margin 3.5% NORWAY EUROPE R.O.W. NOK 93m (78m) NOK 45m (38m) NOK 11.8m(5.3) +15% qrt/qrt +18% qrt/qrt +126% qrt/
Slide 4: Offices around the globe
17 370+ 1700+ Offices around Employees across Clients across the globe business areas industries 4
Slide 5: Strategy
Strategy ^ As problem solvers, we streamline complexities in organizations, processes and systems – with lasting results. With a wide range of backgrounds and expertise, we offer a unique mix of services and products that help our customers unlock their full potential. 5
Slide 6: ESG Material topics and strategy
ESG Material topics and strategy ^ «Our aim is to become carbon neutral by 2030» «We want our employees to find meaning in what they do and to develop their skills and abilities» «We ensure high-level protection of our customer and employee data» 6
Slide 7: Arribatec's five business areas
Arribatec’s five business areas ^ Business Services • Enterprise architecture • Business process management • ERP products and services EA & BPM Cloud • Business intelligence & analytics • Cloud services • IT outsourcing • Security & compliance Marine Hospitality 7
Slide 8: Q1 performance business areas vs. Q1-22
Q1 performance business areas vs. Q1-22^ BizS EA-BPM Cloud 7% 13.2% 34 % 23.7% 20% 7.1% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 83m* 10.9m** 30m* 7.1m** 32m* 2.3m** Revenue EBITDA Revenue EBITDA Revenue EBITDA HspT Marine 18% negative -38% 3.2%* Revenue
Slide 9: Revenue development for each BA per quarter
Revenue development for each BA per quarter ^ Total 37% 36% 37% 35% 34% recurring % Outside 38% 40% 41% 40% 38% Norway 150m 150 Total revenue 126m 141m 9 Marine 126 140 1 120m 120 118m 8 Hspt 13 118 1 1 13 32 Cloud 1 13 1 30 EABPM 27 28 BizS 28 30 Elim. NOK mill. 22 28 20 20 78 83 72 75 67 -2 -5 -14
Slide 10: New contracts and scope extensions in Q1-23
New contracts and scope extensions in Q1-23 ^ 465 contracts for a total value of NOK 191 million (NOK 130 million in Q4-22) 90 87 80 70 60 NOK mill. 55 50 41 40 30 25 20 10 5 0 BS EA&BPM HSPT MARINE CLOUD 10
Slide 11: Some important wins in Q1
Some important wins in Q1 ^ Combined value NOK 76 m for the 5 contracts Global engineering Norwegian energy Multinational energy Norwegian civil Global pipeline service provider supply company company engineering contractor distribution company • Value: 6,0 MNOK • Value: 10 MNOK • Value: 5 MNOK • Va
Slide 12: Cash flow development
Cash flow development ^ • NOK 22 mill increase in cash over the last quarter • During the quarter reduced overdraft by NOK 7 mill and reduced bank debt in Italy by NOK 1 mill. • Total cash at end of Q1 was NOK 62m. In addition we had NOK 20m in un-used bank overdraft facility. • Of the total cash ba
Slide 13: Balance sheet development
Balance sheet development ^ Liabilities & Equity Assets 515 555 515 555 Equity Goodwill Non/current Intangibles Current Other non-current 205 206 Other current 279 Trade receivables 282 NOK mill. Cash 64 77 70 77 71 66 52 40 207 94 162 88 40 62 Y.E 2022 Q1-2023 Y.E 2022 Q1-2023 13
Slide 14: Outlook
Outlook ^ • We expect higher growth rate in 2023 vs 2022 – no planned M&A • Several large public sector projects are out for tender – decisions anticipated Q2 • Robust demand for cloud services will drive growth for our cloud - and managed IT-services • Planning for Hospitality to grow significantly
Slide 15: Summary
Summary^ Revenue Recurring EBITDA NOK 150m (126m) NOK 51m (47m) NOK 5.3m (-6.2m) +19% qrt/qrt +9% qrt/qrt +185% qrt/qrt Organic Growth +19% 34% of total revenue Margin 3.5% CASH End of Q1 NOK 62m 20m in unused credit facility
Slide 16: Arribatec. we simplify complexity
Arribatec. we simplify complexity
Slide 17: Condensed consolidated statements of profit and loss
Condensed consolidated statements of profit and loss 17
Slide 18: Consolidated statements of financial position
Consolidated statements of financial position 18
Slide 19: Consolidated statements of changes in equity
Consolidated statements of changes in equity 19
Slide 20: Consolidated cash flow statement
Consolidated cash flow statement 20