Asseco Business Solutions Sa · GPW:ABS
Asseco Business Solutions Sa — Q1 2024 Earnings Presentation
15 slides from Asseco Business Solutions Sa's earnings presentation, Nov 1, 2024
Slide 1: Asseco Business Solutions
Asseco Business Solutions We design IT systems for business www.assecobs.pl
Slide 2: Financial results Asseco Business Solutions for Q1 2024
Financial results Asseco Business Solutions for Q1 2024
Slide 3: Revenues of Asseco Business Solutions for Q1 2023 v. Q1 2024
Revenues of Asseco Business Solutions for Q1 2023 v. Q1 2024 99,819 89,145 + 12.0% 87,709 77,148 + 13.7% 11,997 12,110 + 0.9% Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Revenues total Poland Abroad *in PLN thousand
Slide 4: Other results of Asseco Business Solutions Q1 2023 v. Q1 2024
Other results of Asseco Business Solutions Q1 2023 v. Q1 2024 EBIT 26,654 23,589 + 13.0% EBITDA 32,282 36,398 + 12.8% Q1 2023 Q1 2024 Net profit Q1 2023 Q1 2024 20,325 24,033 + 18.2% * data in PLN thousand Q1 2023 Q1 2024
Slide 5: Results of Asseco BS Q1 2023 v. Q1 2024 – by operating segments
Results of Asseco BS Q1 2023 v. Q1 2024 – by operating segments Receipts from sales 94,909 EBITDA 84,523 + 12.3% 35,965 31,796 + 13.1% 4,622 4,910 486 433 + 6.2% 1Q 2023 1Q 2024 1Q 2023 1Q 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 ERP Other ERP Other *in PLN thousand
Slide 6: Revenues of Asseco BS in Q1 2024 – by sectors
Revenues of Asseco BS in Q1 2024 – by sectors Banking and finance Public sector 6,236 1,814 Enterprises 92% 91,769 *in PLN thousand
Slide 7: Backlog of Asseco BS at end of Q1 2024
Backlog of Asseco BS at end of Q1 2024 Asseco BS backlog for 2024: 83.5% (PLN 317.6 M) of sales in 2023. Previous year’s backlog was 82.4 % (PLN 279 M) of sales in 2022. 380.5 338.5 + 12.4% 317.6 279.0 + 13.8% Sales 2022 Backlog 2023 Sales 2023 Backlog 2024 * data in PLN million
Slide 8: Profitability historically (since 2021)
Profitability historically (since 2021) margins margins margins margins 1Q 2021 2022 2023 2024 EBIT 28.1% 27.3% 26.5% 26.7% EBITDA 36.9% 36.9% 36.2% 36.5% net profit 22.5% 22.8% 22.8% 24.1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 EBIT 2
Slide 9: Costs and expenses historically (since 2021)
Costs and expenses historically (since 2021) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 Receipts from sales 72.54 70.27 74.73 89.90 77.03 78.10 82.77 100.62 89.15 87.48 97.61 106.31 99.82 Own cost of sales (w/o COGS) 37.69 38.32 37.40 41.1
Slide 10: Cash flow for Q1 2024
Cash flow for Q1 2024 Cash as at 31.03.2024 Cash 72.0 as at 31.12.2023 53.0 Investing activities 27.0 Change in Amortisation/ cash depreciation Change in Balance of +19.0 9.7 working Investing long-term Received Dividend Financial Income capital activities. deposits . paid loans lease tax -2.5 -8.7
Slide 11: Liquidity at end of Q1 2024
Liquidity at end of Q1 2024 71,977 Cash and short-term deposits due above 3 mths 0 Balance of loan-related debt 70,000 Maximum debt limit in credit line 1.89 Current ratio (current assets/current liabilities) * data on cash in PLN thousand
Slide 12: Dividend in 2024
Dividend in 2024 The Management Board of Asseco Business Solutions S.A. resolved to divide the profit for 2023 by recommending to the Supervisory Board and the Ordinary General Meeting of the Company the payment of dividend of PLN 2.60 per share in 2024.
Slide 13: Dividends - overview
Dividends - overview Year Net profit Dividend 2007 13,949 0 2008 24,122 - 14,036 2009 22,427 - 25,064 2010 30,092 - 30,076 2011 29,834 - 32,081 2012 26,532 - 26,400 2013 26,828 - 26,734 2014 28,571 - 28,406 2015 33,509 - 33,418 2016 42,446 - 42,441 2017 47,283 - 43,444 2018 62,569 - 50,127 2019 73,4
Slide 14: Quotations after 1 Jan 2024
Quotations after 1 Jan 2024 Indicators as at 15 April 2024 Capitalisation: PLN 2,092.0 M - 2.8% Price/Profit: 21.19 Price/balance sheet value: 5.19 * source: Money.pl * source: https://inwestinfo.pl
Slide 15: Thank you for your attention
Thank you for your attention assecobs.pl
Asseco Business Solutions — Q1 2024 Earnings Presentation on 6ix