Expert.ai S.p.a. · MIL:EXAI
Expert.ai — Investor Presentation (October 2024)
17 slides from Expert.ai's investor presentation, Oct 1, 2024
Slide 1: Expert.ai 1H 2024 Investor Presentation
Expert.ai 1H 2024 Investor Presentation 1st October 2024
Slide 2: Agenda
Agenda Transformation and Evolution strategy in 2024 Work in progress – Update 1H 2024 1H 2024 Key Financials Outlook 2
Slide 3: Transformation and Evolution Strategy in 2024
TRANSFORMATION AND EVOLUTION STRATEGY IN 2024
Slide 4: Repositioning Strategy in 2024
Repositioning Strategy in 2024 Today Driving through Transformation and Evolution 2025 Expert.ai delivers enterprise AI solutions driving measurable 2023 2024 business value Expert.ai creates Introducing new solutions technology that designed to drive measurable transforms language into business val
Slide 5: Focus on Vertical Solution based on horizontal framework
Focus on Vertical Solution based on horizontal framework Finance & Banking Capitalize on knowledge and streamline information-intensive processes to meet demands of customers and regulators. Insurance Vertical Enterprise Reduce risk, improve win rates, Solutions and increase capacity for Leverage th
Slide 6: Work in Progress – Update 1H 2024
WORK IN PROGRESS – UPDATE 1H 2024
Slide 7: Work in progress – profitability and financial sustainability
Work in progress – profitability and financial sustainability Cost restructuring • Annualized savings achieved of approx. € 4M • Confirmed target of positive EBITDA cash for the year • Successful renegotiation of debt terms with majors financing Debt renegotiation banks. These measures will free up
Slide 8: Work in progress – preparing the ground for the growth
Work in progress – preparing the ground for the growth • Implementation of new projects that involve GenAI New solutions roadmap integration • Selection of verticals and use cases in progress New business model & • Preliminary growth strategy defined strategy • Customer success program started • Fir
Slide 9: 1H 2024 Key Financials
1H 2024 KEY FINANCIALS
Slide 10: Consolidated Income Statement 1H 2024
Consolidated Income Statement 1H 2024 €M 1H 2024 1H 2023 Var. Var. % Comparison 1H 2024 vs 1H 2023 Total revenues 12.0 13.1 (1.2) (9%) • Revenues decrease referred mainly to professional COGS (4.1) (5.9) 1.7 (30%) services revenue; Gross Margin 7.8 7.3 0.6 8% % Revenue 66% 55% • Gross Margin improve
Slide 11: Restructuring Expenses details 1H 2024
Restructuring Expenses details 1H 2024 €M 1H 2024 • Extraordinary expenses for external advisors Capital increase 0.2 supporting the capital increase, debt Debt renegotiation 0.3 renegotiation and the company reorganization; Reorganization and legal support 0.3 • The reduction in staff, from dismiss
Slide 12: Revenues Breakdown by Segment & Geography – 1H 2024
Revenues Breakdown by Segment & Geography – 1H 2024 €M 1H 2024 1H 2023 Var. Var. % Licenses 6.1 6.1 (0.1) (1%) Revenues breakdown by Segment Professional Services 2.8 3.7 (0.9) (24%) • License almost stable; Maintenance 1.2 1.5 (0.2) (16%) • Professional Services and Maintenance Hosting 0.5 0.6 (0.1
Slide 13: Consolidated Balance Sheet 1H 2024
Consolidated Balance Sheet 1H 2024 • Trade receivables (long term) include Consolidated Balance Sheet 30/06/2024 31/12/2023 30/06/2023 invoices to be issued referred to Trade receivables (long term) 5.0 4.2 4.1 multiyear contracts; Fixed asset 26.1 27.6 29.5 Fixed asset & Long Term Receivables 31.1
Slide 14: Cashflow 1H 2024
Cashflow 1H 2024 €M 1H 2024 30/06/2023 Beginning of the period 1.8 12.0 EBITDA (0.8) (3.2) NWC 7.3 1.0 • Positive Free Cashflow +€1.8M in the first half 2024; Others Operating 0.2 0.2 Restructuring Cost (1.9) 0.0 Capex (2.0) (4.1) • Receivable and payables mitigation improved the NWC +€6.3M (vs Othe
Slide 15: Outlook
expert.ai
Slide 16: Outlook
Outlook Total Revenues 2023-2026 (€M) EBITDA & EBITDA margin 2023-2026 (€M) 35.8-52.8 EBITDA EBITDA margin CAGR: +17% 20 40% 18 ~ 30% 33.9-42.6 35% 16 ~28% 32.3-36.1 ~ 28% 30% 14 32.6 25% 12 10 20% 9.2-17.9 8 15% 6 8.7-10.4 8.7-12.6 10% 4 5% 2 0 (0.2) 0% -2 (1%) -5% FY 2023 FY 2024 E FY 2025 E FY 20
Slide 17: Thank You
Thank You Linkedin.com/company/expert-ai Twitter.com/expertdotai Contacts: marketing@expert.ai ir@expert.ai dpardi@expert.ai fmontorselli@expert.ai 17