Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — H1 2024 Earnings Presentation
12 slides from Gigas Hosting Sa's earnings presentation, October 2024
Slide 1: H1 2024 Results Investors' Presentation
Diego Cabezudo Javier Cañete CEO CFO H1 2024 Results Investors’ Presentation OCT 2024
Slide 2: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information
Slide 3: H1 2024 Key Highlights
H1 2024 Key Highlights Net Revenues reached €37.4M in first 6 months 2024, from €33.3M the previous year, strong 12.2% growth year on year and above budget Cloud services grew 22.6% y-o-y all organically, helped by strategic cloud priorities: ERP hosting and new Public Cloud Services € Adj. EBITDA f
Slide 4: Business Update
Business Update • Company successfully promoting its Connected Secure Cloud, which combines cloud services with connectivity and cybersecurity services • Cloud growing strong, with special emphasis in hosting and managing ERPs (SAP and others) and embracing Public Cloud services combined with manage
Slide 5: Revenues H1 2024
Revenues H1 2024 About Gigas • Revenues grew to €37.4M in the first six months of the year, 12.2% higher than the €33.3M from same period last year, and higher than budgeted • Excluding Alterlinks’ revenues (acquired in October 2023), organic growth was 10.8% • Cloud growth of 22.6% y-o-y and teleco
Slide 6: Gross Margin, EBITDA and CAPEX
About H1 Gross Margin, EBITDA and CAPEX Gigas 2024 • Gross Margin of €22.0M in H1 2024, 8.9% better than the €20.2M of H1 2023. Higher direct telecom costs and higher datacenter and energy costs impacting gross margin, which reached 58.7% in the semester, lower than the 60.5% in the same period last
Slide 7: H1 2024 P&L vs H1 2023
H1 2024 P&L vs H1 2023 GIGAS CONSOLIDATED RESULTS REAL REAL Figures in euros H1 24 % Var H1 23 Net Revenues 37.410.129 12,2% 33.332.728 Cloud, IT & Cybersecurity Services 15.210.090 22,6% 12.403.783 Telecommunications Services 21.723.370 6,1% 20.476.214 ExtraoRdinary Income, Subsidies & O. 476.668 5
Slide 8: H1 2024 P&L
H1 2024 P&L About Gigas CONSOLIDATED RESULTS • Amortizations grew to €7.9M in H1’24 (€7.4M Figures in euros H1 24 Net Revenues 37,410,129 in H1’23) mostly related to Customer Cloud, IT & Cybersecurity Services 15,210,090 Relations from Alterlinks Telecommunications Services 21,723,370 Extraordinary
Slide 9: Debt and Cash Evolution
Debt and Cash Evolution • Gross Debt at 30/JUN/24 reached €60.7M, higher than €57.1M from YE 2023 • Cash at hand amounted €14.9M as of 30/JUN, resulting in a net financial debt position (NFD) of €45.8M, or 2.6x adj. EBITDA (budget 2024), higher than the €37.8M at the end of 2023 (2.3x EBITDA 2023) •
Slide 10: 2024 End of Year Guidance
2024 End of Year Guidance • Net revenues estimated to reach between €74M to €75M this year, approx. 10% higher than the €67.7M last year and 6% higher than budgeted (€70.4M) • Adj. EBITDA estimated to end in line with budget (€17.6M) or slightly higher, representing an annual growth of between 5% to
Slide 11: Share Evolution
Share Evolution • Share price started 2024 at €6.92 and it was influenced by high market volatility in the first months of 2024 • Share Price closed at €7.15 on 30th of September, representing a YTD growth of 3.3%, and 14% growth since last capital increase in Q4’20 (€6.25) • At current prices, mark
Slide 12: Investor relations contact
Investor relations contact: investor@gigas.com accionista@gigas.com —— gigas