Slide 1: Interim Report Q2 2013
Interim Report Q2 2013
Slide 2: Growth and strategic acquisition in Norway
Q2 2013 GROWTH AND STRATEGIC ACQUISITION IN NORWAY MSEK MSEK 350 • Net sales totaled SEK 337.9 (320.1) M, up 6 percent. 300 20 250 15 • EBITA amounted to SEK 19.5 200 (22.3) M, and EBITA-margin of 150 10 5.8 (7.0) percent. 100 5 50 0 0 Nettoomsättning EBITA* Q2 2011 Q2 2012 Q2 2011 Q2 2012 Q2 2013 Q
Slide 3: Significant events
SIGNIFICANT EVENTS Significant events during the second quarter of 2012 • Framework for e-archive for all of Sweden's municipalities and county councils. • Acquisition of Basepoint Kajaani Oy strengthens our position in Finnish infrastructure market. • Extensive order from ÅF regarding software and
Slide 4: Growth and earnings distribution, Q2 2010 – Q2 2013
GROWTH AND EARNINGS DISTRIBUTION, Q2 2010 – Q2 2013 SEK M 400 • Addnode Group has, through increased focus on 350 product content of customer 57 solutions, increased the 300 46 50 proportion of recurring Software 250 revenue regarding support 38 Support and and maintenance. 110 117 130 maintenance 2
Slide 5: Acquisition of Joint Collaboration AS
ACQUISITION OF JOINT COLLABORATION AS ABOUT JOINT COLLABORATION • Joint Collaboration AS was founded in 2001 and today consists of over 50 people. • Joint Collaboration is Norway's largest provider of projects and collaboration solutions to the oil, gas and construction industries. • Joint Collabora
Slide 6: Joint Collaboration's offerings
ACQUISITION OF JOINT COLLABORATION AS JOINT COLLABORATION’S OFFERINGS • Joint Collaboration has developed two web-based cooperation tools: Joint ProsjektHotell and Joint UniZone • Both solutions are SaaS lease solutions (Software as a Service) • Joint ProsjektHotell is a web based collaboration tool
Slide 7: Acquisition of Joint Collaboration AS: strategic rationale
ACQUISITION OF JOINT COLLABORATION AS STRATEGIC RATIONALE The acquisition is in line with the Group's strategy to be a leading provider of mission-critical support systems for engineering and construction activities in the Nordics. • The Group gets an even stronger offering and skills: - Joint Colla
Slide 8: Acquisition of Joint Collaboration AS: the transaction
ACQUISITION OF JOINT COLLABORATION AS THE TRANSACTION • Addnode Group has signed an agreement to acquire all shares in Joint Collaboration AS. • The anticipated transfer date is August 30, 2013 and the acquisition is conditional upon approval from the Competition Authority in Norway and fulfillment
Slide 9: Four business areas
FOUR BUSINESS AREAS A strong and comprehensive Group of high performance IT companies with leading positions in selected markets. IT solutions for the IT solutions for case creation and management management, municipal of digital design models administration, e-archives and drawings. and geographic
Slide 10: Net sales and EBITA by business area, Q2 2013
NET SALES AND EBITA BY BUSINESS AREA, Q2 2013 Net sales by Business Area EBITA by Business Area* 25 Content Mgt 11% 20 Design Mgt Process Mgt 38% 31% 15 10 5 0 PLM Mgt Design PLM Mgt Process Content 15% Mgt Mgt Mgt -5 *Excluding central costs 10
Slide 11: Growth in the various countries was mixed
Q2 2013 Q2 2012 2012 Net sales 131,0 127,6 573,0 Growth 3% 10% 11% EBITA 6,7 8,9 57,0 EBITA-margin 5,1% 7,0% 9,9% Average number of 235 217 224 employees • Growth in the various countries was mixed. – Norway reported a favorable trend in both the construction and offshore industries, with a positive
Slide 12: Business area results Q2 2013
Q2 2013 Q2 2012 2012 Net sales 69,3 61,1 249,1 Growth 13% -6% -2% EBITA 4,8 4,0 29,5 EBITA-margin 6,9% 6,5% 11,8% Average number of 165 139 140 employees • The strong year-on-year growth was due to favorable sales of third-party products and proprietary supplementary components. • The number of empl
Slide 13: Business area results Q2 2013
Q2 2013 Q2 2012 2012 Net sales 103,9 91,7 380,5 Growth 13% 2% 5% EBITA 19,7 14,0 68,7 EBITA-margin 19,0% 15,3% 18,1% Average number of 270 244 244 employees • The growth is explained by a complementary acquisition and a strong demand for the products and services offered by the business area to the
Slide 14: Business area results Q2 2013
Q2 2013 Q2 2012 2012 Net sales 38,6 43,6 175,6 Growth -11% -4% 0% EBITA -3,7 2,5 11,5 EBITA-margin -9,6% 5,7% 6,5% Average number of 174 166 175 employees • The business area’s offering within the web, intranet and e-commerce reported weak sales in a tough market, which had an impact on the outcome.
Slide 15: Strong balance sheet and cash flow
STRONG BALANCE SHEET AND CASH FLOW SEK 93 M SEK 66 M NET CASH CASH FLOW FROM OPERATING 2013-06-30 ACTIVITIES Jan – June 2013 SEK 100 M 60 % CREDIT LINE EQUITY 2013-06-30 15
Slide 16: Summary
Summary • A market situation we have learned to manage. • Customers’ want to invest but it takes longer time to sell. • Leading positions in several markets. • Underlying customer needs and growth. • Customers in both private and public sector. • Business model with recurring revenue. • Strong balan
Slide 17: Questions?
QUESTIONS? CEO and President Staffan Hanstorp staffan.hanstorp@addnodegroup.com +46 (0)733 77 24 30 Head of Business Development & Corporate Communciations Johan Andersson johan.andersson@addnodegroup.com +46 (0)704 20 58 31 17
Slide 18: Addnode Group
ADDNODE GROUP ABOU ARKIVA CAD-Q ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP CARTESIA DECERNO = IDA INFRONT ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP INFUSEIT KARTENA MITTBYGGE ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP MOGUL PROSILIA TECHNIA ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP TEKIS VOICE PROVIDE