Slide 1: Call with Investors
Call with Investors March 14 | 11.00am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR 1
Slide 2: Record performance for TXT Group achieved in 2021
2 Record performance for TXT Group achieved in 2021 #neverbetter Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) +40% +70% €96.4 €14.5 €68.8 €54.0 56% +32% €8.6 €40.8 59% 15.0% 12.4% €42.4 €27.9 +52% 44% 41% FY-20 FY-21 FY-20 FY-21 FinTech Aerospace & Aviation M&A con
Slide 3: 2021 record performances (pro-forma)
_2021 record performances Revenues EBITDA (pro-forma *) (pro-forma *) €108.6mn €16.5mn * All current TXT Group companies aggregated from January 2021 Never better.
Slide 4: 2021 Highlights
_2021 Highlights NET New Organic PROFIT Companies Growth €7.3mn +5 +13.3% vs 20 Never better.
Slide 5: Revenues & EBITDA CAGR (2018-2021) show extraordinary growth
_Revenues & EBITDA CAGR (2018-2021) show extraordinary growth 5 New TXT after divestment of Retail division: CAGR 2018-2021: Revenues (Total) 34,1% EBITDA 56,3%
Slide 6: € 9.6Mn FY-21, + 6.5Mn vs. FY-20 (+205%) €8.4Mn -2% vs. FY-20, recovering from
6 € 9.6Mn FY-21, + 6.5Mn vs. FY-20 (+205%) €8.4Mn -2% vs. FY-20, recovering from –12% in Q1-21 € 28.7 Mn 30% of total revenues € 3.8Mn (Net Debt Position) + €13Mn* in Treasury Shares * Value calculated with stock price of € 10.14 per share (Share Price Dec 31st, 2021)
Slide 7: 2021 Main Events & Future Evolutions
7 _2021 Main Events & Future Evolutions
Slide 8: A new positioning and visual identity for TXT Group
_a new positioning and visual Identity for TXT Group 8 TXT is an international IT Group, end-to-end provider of consultancy, software services and solutions, supporting the digital innovation of customers’ products and core processes. With a proprietary software portfolio and deep expertise in verti
Slide 9: Aerospace & Aviation Division and Fintech Division
Aerospace & Aviation Division Fintech Division (including Automotive & Manufacturing offering) (including Public Sector offering) • Positive outlook of TXT business in the civil aviation market • After successful integration on the new acquired Fintech thanks to the ongoing negotiations with major a
Slide 10: Sustainable growth, diversification
_Sustainable growth, diversification 10 Aerospace & Aviation Fintech Turnover FY-2021: 54.0M € 13% Turnover FY-2021: 42.4M € +32% Revenues +52% breakdown EBITDA margin FY-2021: 17% EBITDA margin FY-2021: 18% Software Advanced services 11% R&D Investments (Start-ups) Projects 69% FY-2021: Internation
Slide 11: Q3-21 Foundation Q4-21
11 Automotive & Industrial (Industry 4.0) R.: €9mn in FY21 Q3-21 Aerospace R.: €8mn in FY16 FinTech: Consumer Credit R.: €3mn in FY21 Q4-21 Foundation IT Governance & Digital Transformation R.: €12mn in FY19 FinTech: Digital Payments Listing on STAR R.: €2.5 mn in FY21 Borsa Italiana Q4-21 Stock Exc
Slide 12: M&A campaign
12 campaign in • Three small-size Fintech specialists consolidated from December 2021 to strength TXT offering: LBA Consulting (Digital Payments), Novigo Consulting (Digital Transformation of financial institutions) and QUENCE (SW Quality Assurance). Expected M&A contribution to the Fintech division
Slide 13: Focus on 2022
13 focus on • For the Q1 2022, revenues of Euro 28/29 million are expected, up by approximately 35% compared to Q1 2021 (Euro 21 million), of which Euro 3 million of organic growth (+ 15% compared to Q1 2021) and Euro 4 million deriving from acquisitions. • Solid pipeline of new potential acquisitio
Slide 14: FY-2021 & Q4-2021 Financials
14 FY-2021 & Q4-2021 FINANCIALS
Slide 15: FY-2021 income statement
15 € thousand 2021 % 2020 % Var % REVENUES 96,363 100 68,753 100 40.2 Direct costs 57,013 59.2 39,470 57.4 44.4 GROSS MARGIN 39,350 40.8 29,283 42.6 34.4 Research and Development costs 6,890 7.2 6,684 9.7 3.1 Commercial costs 9,751 10.1 7,636 11.1 27.7 General and Administrative costs 8,193 8.5 6,40
Slide 16: Q4 2021 income statement
16 € thousand Q4 2021 % Q4 2020 % Var % REVENUES 29,630 100 20,927 100 41.6 Direct costs 16,891 57.0 13,125 62.7 28.7 GROSS MARGIN 12,739 43.0 7,802 37.3 63.3 Research and Development costs 1,799 6.1 1,639 7.8 9.8 Commercial costs 3,270 11.0 1,881 9.0 73.8 General and Administrative costs 1,910 6.4
Slide 17: Net financial position
17 € thousand 31.12.2021 31.12.2020 Var Cash 36,076 11,933 24,143 Trading securities at fair value 48,869 68,161 (19,292) Short term Financial Debts (44,570) (30,635) (13,935) Short term Financial Resources 40,375 49,459 (9,084) Non current Financial Debts - Lessors IFRS 16 (4,209) (3,580) (629) Oth
Slide 18: Capital employed and financing
18 € thousand 31.12.2021 31.12.2020 Change Intangible assets 52,626 37,653 14,973 Tangible assets 12,126 7,460 4,666 Other fixed assets 16,529 2,299 14,230 Fixed Assets 81,281 47,412 33,869 Inventories 7,810 4,749 3,061 Trade receivables 43,156 35,411 7,745 Other short term assets 8,864 5,782 3,082
Slide 19: Shareholders and share price
19 Latest Public Data Available as of 31 December 2021 Treasury Shares; 10% Laserline SpA; 30% Market; 50% Managers; 11% Share Price Dec 31st, 2018 9.66€/share Share Price Dec 31st, 2021 10.14€/share Mkt Dec 31st, 2021 119.3m € Dividend Yield n.a.
Slide 20: Dividend proposal
20 18 16.3 16 4.6 With the aim of best pursuing the 14 11.7 accelerated growth plans through 12 1.4 acquisitions and continuing 10 8 6.8 investments in proprietary 6 11.7 1 5.3 platforms to increase the value of 10.3 the Group and, also in view of the 3.7 3.7 3.8 4 3.2 3.2 0.3 current situation of g
Slide 21: Q&A
22 Q&A