Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO
Logo Yazilim Sanayi Ve Ticaret A.s — Logo Yazılım Sanayi ve Ticaret A.Ş. — Q1 2015 Earnings Presentation
15 slides from Logo Yazilim Sanayi Ve Ticaret A.s's earnings presentation, May 13, 2015
Slide 1: Analyst Presentation for 2015 Q1
ANALYST PRESENTATION for 2015 Q1 Gülnur ANLAŞ CHIEF FINANCIAL OFFICER May 13, 2015 1
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect LOGO management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations refl
Slide 3: Content
Content 2015 Q1 Highlights Financial Review Questions & Answers
Slide 4: Q1 Highlights
Q1 Highlights • Double digit revenue growth achieved in a challenging environment where demand was weak due to volatility in fx and interest rates • Revenue growth on the back of a strong base year in Q1 2014. • Strong recurring revenue growth continues with share in sales up to 54% • Continued impr
Slide 5: Expanding Market Share & Growing Product Range
Expanding Market Share & Growing Product Range Expanding Market Share Growing Product Range • Continued growth at above market growth • Product range expansion through organic rates leading to market share gains growth and value oriented acquisitions. • Increased market share up to 23,3% from • CRM
Slide 6: Growing ecosystem: Logosphere
Growing ecosystem: Logosphere Q1 Highlights 139 6
Slide 7: Content
Content 2015 Q1 Highlights Financial Review Questions & Answers LOGO General IR Presentation 2014
Slide 8: Financial Summary
Financial Summary Q1 LFL Guidance IFRS (m TL) Q1 14 Q1 15 D Q1 14 Q1 15 D YE14 YE15 D Revenue 22,4 26,4 18% 23,3 26,4 13% 104,0 120,0 15% EBITDA 9,8 13,9 41% 10,2 13,9 36% 39,6 47,5 20% EBITDA Margin 44% 52% 44% 52% 38% 40% Net Income 6,4 10,3 60% 6,8 10,3 51% 27,7 35,0 26% Net Income Margin 29% 39%
Slide 9: Key Financials: Sales
Key Financials Sales Performance (m TL) Recurring Sales (%) 120 CAGR: 50% 18% 104 120% 100 7% 7% 100% 4% 80 15% 70,7 24% 80% 36% 36% 47% 54% 60 46,2 60% 39% 40 31 96% 26,4 40% 85% 20,8 22,4 76% 64% 64% 20 20% 46% LEM 0 Pay as you go 0% 2010 2011 2012 2013 2014 3M14 3M15 Maintenance 2011 2012 2013 20
Slide 10: Key Financials: Operating Expenses
Key Financials R&D (000 TL) Share in Revenue (%) S&M (000 TL) Share in Revenue (%) G&A (000 TL) Share in Revenue (%) 30,00 26% 26% 20% 25% 14% 6% 26,44 26,44 26,44 25,00 22,41 22,41 22,41 20,00 15,00 10,00 5,72 20% 6,87 42% 6,49 4,58 5,00 3,20 -50% 1,57 0,00 3M2014 3M2015 3M2014 3M2015 3M2014 3M2015
Slide 11: Key Financials: Profitability
Key KeyFinancials Financials EBIT (m TL) EBITDA (m TL) Net Income (m TL) CAGR: Ch: CAGR: Ch: CAGR: Ch: 35 65% 45% 50% 42% 107% 61% 28 29,6 39,6 30 38% 25 19 20,8 + 27,1 20 38% 3% 15 17,4 38% 11 11,6 10,3 11,0 13,9 10 31% 7,6 28%11,838% 38% 38% 41%9,8 45% 6,6 10% 10% 29% 6,4 5 3 0 2011 2012 2013 2014
Slide 12: Key Financials: Balance Sheet and Working Capital
Key Financials Balance Sheet Highlights (m TL) Working Capital (m TL) (Share in Revenue %) 2014 3M 2015 D Cash & Cash Eq. 48,7 30,3 -38% 60% 46% 47% 37% 35% 38% Trade Receivables 53,7 45,1 -16% 48,0 Tangible Assets 15,1 15,0 0% 42,8 Intangible Assets 43,6 48,1 38,5 39,6 10% Other Assets 5,0 4,7 -6%
Slide 13: Share Performance
Share Performance 7 1H2014 2014 financials Q12014 financials released Voluntary financials released (Feb 16 2015) 6 tender offer 2013 financials released (Aug 13. 2014) (Jan 27. 2014) announced (May 12. 2014) (Feb 14. 2014) Acqusition of 5 50.1% stake in LoI with Intermat (Jan 5, Intermat 2015) LoI
Slide 14: Content: Questions & Answers
Content Highlights in 2014 Financial Review Questions & Answers
Slide 15: Thank you for joining us today
Thank you for joining us today LOGO Investor Relations Team T: +90 262 679 8000 E: investor@logo.com.tr 15
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