Ovh Groupe Sas · EURONEXT:OVH
Ovh Groupe Sas — Ovh Groupe — Q1 2023 Earnings Presentation
23 slides from Ovh Groupe Sas's earnings presentation, Jan 13, 2023
Slide 1: Q1 FY23 Revenue
Q1 FY23 Revenue January 13th, 2023 1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT IMPORTANT NOTICE - YOU MUST READ THE FOLLOWING BEFORE CONTINUING The following applies to this document, the oral presentation of the information contained in this document made by OVHcloud (the “Company”) or any person on behalf of the Company and any question-and-answer s
Slide 3: Strong start to the year, confirmed targets for 2023
Strong start to the year, confirmed targets for 2023 Strong start to the year Confirmed targets for FY23 LFL revenue growth between Q1 FY23 Revenue of €216m 14% to 16% +15.4% reported Adjusted EBITDA margin +11.7% LFL1 in line with FY22 Recurring Capex between Net Revenue Retention Rate2 16-20% as a
Slide 4: Q1 FY23 Delivering growth
x4 Increasing demand for sovereign solutions in a fast-growing cloud SecNumCloud revenue in 6 months market Q1 FY23 86% Offering a sustainable cloud to customers, with a high eligibility Delivering growth FY22 eligible revenue on Green Taxonomy acceleration on Winning new customers and workloads the
Slide 5: A fast-growing cloud market driven by cloud adoption from all customer segments
A fast-growing cloud market driven by cloud adoption from all customer segments IaaS + PaaS global market New usages driving cloud CAGR >20% (22e-26e) adoption across all industries “Companies worldwide move workloads to the cloud and create new cloud-native applications” Acceleration of data IDC Ma
Slide 6: OVHcloud recognition as a top-tier cloud player fueling business momentum
OVHcloud recognition as a top-tier cloud player fueling business momentum Trusted and sustainable cloud positioning as key competitive strength Only European player featured in IDC Marketscape “ OVHcloud’s roots as a European service provider puts it in the catbird seat for conversations about sover
Slide 7: The partner of choice in European data sovereignty
The partner of choice in European data sovereignty Strong growth trend of SecNumCloud, one of Increasing demand for the most sophisticated sovereign product sovereign solutions • Acquisition of new clients x2 • Ramp-up of existing clients x2 • Highly dynamic market Dec-21 Jan-22 Feb-22 Mar-22 Apr-22
Slide 8: OVHcloud, a leading pioneer in sustainable cloud
OVHcloud, a leading pioneer in sustainable cloud Publication of a high eligibility Ambitious environmental of our FY22 results medium-term targets confirmed High eligibility of FY22 results based on the Green Taxonomy Regulation2 100% low carbon energy by 2025 Contribution to global Net_Zero on scop
Slide 9: Sustainable cloud, a key competitive advantage for customers and partners
Support information systems departments and digital players in their efforts for responsible digital technology, Aurélie Gracia Victoria Alain Marbach at the service of the ecological transition CEO Chairman Sustainable cloud, a key competitive “ OVHcloud is the first cloud provider who recycles by
Slide 10: A successful go-to-market strategy with dedicated channels and programs
A successful go-to-market strategy with dedicated channels and programs Direct Indirect Digital 54% enterprise 46% digital Q1 FY23 revenue (vs 53% in Q1 FY22) Q1 FY23 revenue (vs 47% in Q1 FY22) 1150+ partners Successful of which 300+ Advanced, with dedicated dedicated programs trainings and certifi
Slide 11: Progressive price increases with unchanged price advantage
Progressive price increases with unchanged price advantage High Revenue Retention Rate Progressive price increases started in Dec. 22 LFL Net Revenue Retention Rate (Q2 FY23), with full contribution in H2 FY23 108% 110% 103% 103% Announcements No price increase First increase in Aug. 22 in Q1 FY23 i
Slide 12: Financials
Financials 12
Slide 13: Q1 FY23 – Strong start to the year
Q1 FY23 – Strong start to the year Revenue growth vs. Q1 FY22 France Strong growth in all segments, with double-digit +14.9% Reported 49% Confirmed roadmap of figures in Public Cloud and +13.2% LFL1 Private Cloud 15 new datacenters • Successful expansion Europe (excl. France) Continued double digit
Slide 14: Sustained revenue growth in all segments
Sustained revenue growth in all segments Q1 FY23 reported growth +15.4% Q1 FY23 LFL growth +11.7% 220 +18.0% +4.6% +12.8% +2 +5 214 216 209 200 +15 +6 194 194cloud Webcloud & Private Public cloud Others LFL 180 187 187 LFL growth LFL growth growth 160 140 Q1 FY22 Perimeter, Forex and Strasbourg Q1 F
Slide 15: A continued mix evolution towards Public cloud
A continued mix evolution towards Public cloud LFL1 LFL revenue €216m growth share vs. FY22 LFL figures €193m 17% 36 +18% +1pt Public Cloud 30 High fidelity of customers thanks to cross-sell and Bare Metal recurring revenues in Private 62% Cloud & Web Cloud Private Cloud Cloud 133 +13% 118 +1pt Sust
Slide 16: Outlook
Outlook 16
Slide 17: Acceleration in FY23 and confirmed mid-term targets
Acceleration in FY23 and confirmed mid-term targets Key levers for FY23 Revenue growth H1 drivers FY2023E Mid-Term (2025 Target) Acceleration in Public cloud Accelerating to mid twenties Enterprise & Digital channels LFL revenue growth 14%-16% (YoY growth) Sovereign products Adjusted EBITDA margin I
Slide 18: Key takeaways
Key takeaways Strong start to Delivering growth Confirmation of the year acceleration targets €216M Fast-growing cloud market FY23 LFL revenue Revenue growth between 14%-16% +15.4% Reported Strong demand for sovereign and FY23 Adj. EBITDA margin +11.7% LFL sustainable solutions in line with FY22 110
Slide 19: Q&A
Q&A Wa OVHcloud
Slide 20: Appendices
Appendices 20
Slide 21: Glossary
Glossary Like-for-like is calculated at constant exchange rates, constant perimeter and excluding Strasbourg (SBG) direct impacts. Perimeter adjustments correspond to M&A. The net revenue retention rate for any period is equal to the percentage calculated by dividing (i) the revenue generated in suc
Slide 22: Revenue by segment and geography
Revenue by segment and geography In € million – by Q1 FY2022 Q1 FY2023 In € million – by Q1 FY2022 Q1 FY2023 segment Reported Reported geography Reported Reported Private cloud 113.3 133.0 France 93.2 107.1 Public cloud 29.0 35.7 Europe (excl. France) 53.5 60.1 Webcloud & Other 44.9 47.3 Rest of the
Slide 23: Reconciliation reported & like-for-like
Reconciliation reported & like-for-like In € million – by Q1 FY22 FX Perimeter Strasbourg Q1 FY22 FX Perimeter Strasbourg Q1 FY22 LFL In € million – by geographies Q1 FY22 LFL segments Reported impacts impacts impacts Reported impacts impacts impacts Private cloud 113.3 3.3 0.0 1.4 118.0 France 93.2