Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — Q1 2021 Earnings Presentation
13 slides from Txt E-solutions's earnings presentation, May 13, 2021
Slide 1: TXT Group Q1 2021 results
TXT Group Q1 2021 results Call with Investors May 13| 11.00am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR 1
Slide 2: Q1 Results: 2021 vs. 2020
_Q1 Results: 2021 vs. 2020 Since 2018, constantly improving quarterly Revenues and EBITDA results Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) #NEVERBETTER +32% +38% 21.5 2.7 16.3 11.0 51% 2.0 +4% 10.5 64% 12.6% 12.1% 10.5 +83% 49% 5.7 36% Q1-20 Q1-21 Q1-20 Q1-21 F
Slide 3: Value Creation
NET PROFIT EXPANSION € 1,2Mn Q1-21 NET PROFIT, +391% vs Q1-20 _VALUE CREATION SOFTWARE REVENUES € 2Mn -14% vs. Q1-20, due to the slow-down of new business in civil aviation R&D + COMMERCIAL INVESTMENT (expensed in the P&L) € 4.2Mn in Q1-21, +13.2% vs Q1-20 CASH + TREASURY SHARES AVAILABLE FOR GROWTH
Slide 4: TXT Group: Division & Markets
_Sustainable growth, new areas of expansion TXT Group: Division & Markets_ Aerospace Fintech & Aviation Turnover EBITDA margin International Revenues Turnover EBITDA margin Net operating Revenues Q1-2021: Q1-2021: revenues: breakdown Q1-2021: Q1-2021: investment for product breakdown Software Start-
Slide 5: Your Global Digital Enabler
_diversifying: by adjacent Offerings, Geographies & Markets _YOUR GLOBAL DIGITAL ENABLER 5
Slide 6: Main Events after Q1
_Aerospace & Aviation _MAIN EVENTS after Q1 AIRBUS (NAVBLUE) and PACE partnership New positive outlook for our XR platform WEAVR We provide flight crews with optimized speeds Large market debut, first contracts via Unity and altitudes fully integrated in NAVBLUE’s marketplace (https://unity.com/prod
Slide 7: Q1-2021 Financials
_Q1-2021 FINANCIALS 1
Slide 8: Profit & Loss: details
€ thousand Q1 2021 % Q1 2020 % VAR % REVENUES 21,481 100.0 16,255 100.0 32.2 Direct costs 13,210 61.5 8,981 55.3 47.1 _PROFIT & LOSS: details GROSS MARGIN 8,271 38.5 7,274 44.7 13.7 Research and Development costs 1,650 7.7 1,803 11.1 (8.5) Commercial costs 2,513 11.7 1,872 11.5 34.2 General and Admi
Slide 9: Net Cash: Solid Financial Position
_NET CASH: Solid Financial Position € thousand 31.03.2021 31.12.2020 VAR Cash 13,461 11,933 1,528 Trading securities at fair value 53,469 68,161 (14,692) Cash & Cash equivalents 66,930 80,094 (13,164) Short term bank loans (28,992) (28,181) (811) Options referred to M&A (Put/Call – Earn Out) (964) (
Slide 10: Balance Sheet: details
€ thousand 31.03.2021 31.12.2020 VAR Intangible assets 37,311 37,653 (342) Tangible assets 7,054 7,460 (406) _BALANCE SHEET: details Other fixed assets 16,691 2,299 14,392 Fixed Assets 61,056 47,412 13,644 Inventories 5,826 4,749 1,077 Trade receivables 34,070 35,411 (1,341) Other short term assets
Slide 11: Shareholding Structure
Shareholding Structure March 31st, 2021* Latest Public Data Available * Kabouter Kabouter LLC stake down from 8.9% at Oct-2020 ** SHAREHOLDING Structure_ Management LLC 4.8% ** Treasury Shares 9.9% Laserline SpA 30.2% Market 45.8% Managers 9.3% Market Data Share Price Dec 31st, 2010 1.51€/share* Sha
Slide 12: Dividends & Shareholding's Return
Dividends and Treasury Shares Repurchase (€m) DIVIDENDS & Shareholding’s Return_ 18 16.3 16 14 4.6 11.7 12 1.4 10 8 6.8 1 5.3 6 11.7 10.3 3.7 3.7 3.8 4 3.2 3.2 0.8 0.3 0.6 1 5.8 1.1 5.3 0.62 2 0.9 3.5 2.1 2.6 2.7 2.9 0.12 0 0.9 0.5 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Payment divid
Slide 13: Q&A
_Q&A 1