Clavister Ab · OMXSTO:CLAV
Clavister Ab — Q3 2024 Earnings Presentation
19 slides from Clavister Ab's earnings presentation, Nov 8, 2024
Slide 1: Interim Report July – September 2024
Interim Report Clavister Holding AB (publ) July – September 2024
Slide 2: Summary of the Quarter Key Metrics
2 Summary of the Quarter Key Metrics Highlights from the Quarter (MSEK) Q3 2024 Q3 2023 9M 2024 9M 2023 Order Intake 37.4 28.5 125.8 107.7 § Positive operating profit (EBIT). Order Intake Growth 31.2 % 14.6 % 16.8 % 15.8 % § Net Sales grew by 16 % (21 % FX-adjusted). Annual Recurring Revenue (ARR) a
Slide 3: Comments by the CEO
3 Comments by the CEO We reached a significant milestone with positive operating NIS2: A Clear Driver for European Cybersecurity leverage our existing and highly capable technology platform profit (EBIT) in the third quarter. Revenue grew by 16 % (21 % The new NIS2 directive, to be implemented throu
Slide 4: Comments by the CEO: New 5G Business
4 integrates Clavister's software on their own hardware and has New 5G Business – A Breakthrough or Not? Whether this business marks a breakthrough for our 5G initially chosen to order software licenses worth 5 MSEK. This For a prolonged period, uncertainty in the telecom market has business remains
Slide 5: Comments on Financial Statement
5 Comments on Financial Statement Order Intake Deals within the defence and telecom sectors are typically Total order intake for the quarter amounted to 37.4 (28.5) volatile by their nature. MSEK, a year-on-year increase of 31.2 %. The order book balance on 30 September 2024 amounted to During the p
Slide 6: Annual Recurring Revenue, Gross Margin and Operating Expenses
6 Annual Recurring Revenue Gross Margin and Gross Profit Operating Expenses Annual recurring revenue on 30 September 2024 amounted Gross margin amounted to 80.4 (79.3) %. Total operating expenses (OPEX) amounted to -33.7 (-31.4) to 126.9 (114.9) MSEK, a year-on-year increase with 10.4 %. MSEK, where
Slide 7: EBIT, Financial Net, Equity and Liabilities
7 Other external expenses consist mainly of marketing, IT and EBIT amounted to 0.7 (-5.1) MSEK. Adjusted EBIT amounted Shareholders’ Equity and Liabilities communication and external consultants. to 1.6 (-4.5) MSEK. Equity amounted to -125.4 (-222.1) MSEK. Negative group equity is not an issue from
Slide 8: Impairment Testing, Risks, Post-Closing Events and Ambitions
8 Impairment Testing Risks and Uncertainties to approximately 15.5 percent of the shares and votes. The No need for impairment has been identified during the third Please see the Annual Report 2023 and the Clavister website, proceeds will be used to reduce Clavister’s net debt. quarter of 2024. wher
Slide 9: Condensed Consolidated Income Statement
9 Condensed Consolidated Income Statement (TSEK) 2024 2023 2024 2023 2023 Jul - Sep Jul - Sep Jan - Sep Jan - Sep Jan - Dec Net sales 43 773 37 732 132 620 112 503 160 610 Other revenue 1 858 1 762 4 321 3 815 4 431 Total revenue 45 631 39 494 136 941 116 318 165 041 COGS -8 941 -8 182 -27 453 -20 8
Slide 10: Condensed Consolidated Balance Sheet
10 Condensed Consolidated Balance Sheet (TSEK) 2024-09-30 2023-09-30 2023-12-31 (TSEK) 2024-09-30 2023-09-30 2023-12-31 Assets Equity and liabilities Non-current assets Equity Goodwill 66 697 66 697 66 697 Equity -125 387 -222 070 -228 882 Intangible assets 108 790 110 499 108 923 Total equity -125
Slide 11: Condensed Statement of Changes in Equity
11 Condensed Statement of Changes in Equity (TSEK) 2024 2023 2024 2023 2023 Jul - Sep Jul - Sep Jan - Sep Jan - Sep Jan - Dec Equity, beginning of period -120 837 -213 287 -228 882 -163 536 -163 536 Cash issue 0 0 169 614 0 0 Issue expenses 0 0 -28 082 0 0 Payments for Warrants 588 0 588 0 0 Other t
Slide 12: Condensed Consolidated Cash Flow Statement
12 Condensed Consolidated Cash Flow Statement (TSEK) 2024 2023 2024 2023 2023 Jul - Sep Jul - Sep Jan - Sep Jan - Sep Jan - Dec Profit (loss) before taxes -5 111 -8 839 -38 577 -58 530 -65 503 Reversal of depreciation and write-downs 9 888 12 307 32 982 34 709 48 295 Other adjustments for non-cash i
Slide 13: Condensed Income Statement for Parent Company
13 Condensed Income Statement for Parent Company Clavister Holding AB (TSEK) 2024 2023 2024 2023 2023 Jul- Sep Jul- Sep Jan - Sep Jan - Sep Jan - Dec Net sales 2 251 2 251 6 754 6 754 9 004 Total revenue 2 251 2 251 6 754 6 754 9 004 Staff costs -2 759 -2 542 -8 875 -9 869 -13 396 Other external cos
Slide 14: Condensed Balance Sheet for Parent Company
14 Condensed Balance Sheet for Parent Company Clavister Holding AB (TSEK) 2024-09-30 2023-09-30 2023-12-31 Assets Fixed assets Shares in group companies 462 274 444 174 462 274 Receivables from group companies 0 0 8 000 Total fixed assets 462 274 444 174 470 274 Current assets Current receivables 69
Slide 15: Notes: Accounting Policies and Largest Shareholders
15 Noter Note 1 Accounting Policies Scholes option-pricing model. Payment of the warrant options % of total The consolidated financial statements have been prepared in Number of shares number has been made in accordance with the extrapolated price accordance with the International Financial Reportin
Slide 16: Notes: Pledged Assets, Convertible Loan, Warrants
16 Note 5 Pledged Assets Note 7 Alternative Performance Measures Warrants Clavister uses various key figures, including alternative Number Redeemed/ Share GROUP performance measures (APMs), for internal analysis purposes issued Due Open Price and for external communication of the operations’ results
Slide 17: Note 8 Definitions
17 Note 8 Definitions Cash OPEX – Operational expenditures, including capitalized described in the annual report 2022). Adjustments of the net R&D, with a cash-flow impact. order book value may occur from time to time due to for Adjusted EBIT – EBIT adjusted for non-recurring expenses. instance curr
Slide 18: Note 9 Financial Metrics
18 Note 9 Financial Metrics TSEK 2024 2023 2024 2023 2023 Jul - Sep Jul - Sep Jan - Sep Jan - Sep Jan - Dec Net sales (TSEK) 43 773 37 732 132 620 112 503 160 610 Total revenue (TSEK) 45 631 39 494 136 941 116 318 165 041 Gross profit (TSEK) 36 690 31 312 109 488 95 470 133 097 Gross margin (%) 80,4
Slide 19: Report Information
19 Report Information Financial Calendar Interim Report Release of Interim Report Interim Report Oct - Dec 2024 Annual report Jan - Mar 2025 Apr - Jun 2025 13 Feb 2025 28 April 2025 8 May 2025 21 Aug 2025 The Share Any forward-looking statements in this report Exchange: Nasdaq First North are based
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