Slide 1: Interim Report January – March 2024
Interim Report January – March 2024
Slide 2: Presentation of Addnode Group's Interim Report
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Presentation of Addnode Group’s Johan Andersson Interim Report President and Chief Executive Officer January – March johan.andersson@addnodegroup.com 2024 +46 70 420 58 31 Kristina Elfström Mackintosh Chief Financial Officer kristina.mackintosh@addnodeg
Slide 3: Agenda
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Agenda 1. Addnode Group in brief Interim Report 2. Q1 2024 January – March 2024 3. Investment case 4. Q&A 5. Appendix • Organic and Acquisition-led Growth Strategy • Three Divisions • Sustainability Cases • Acquisitions 2022 – 2024 • Shareholders, March
Slide 4: Digitalization for a Better Society
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Digitalization for a Better Society 4
Slide 5: INTERIM REPORT JANUARY - MARCH 2024
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 5
Slide 6: Who we are
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 WHO WE ARE An add-on growth accelerator for companies providing technologies for a sustainable future. 6
Slide 7: Growth Through Sustainability
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Growth Through 1 Digital solutions that contribute to sustainable development Sustainability 2 Care for people and the planet in our own operations 3 The way we work with our partners and suppliers 4 Long-term financial viability 5 and governance Sustai
Slide 8: Sustainability Cases
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Sustainability Cases Digital tools to visualize and reduce Improved R&D and Voice-based booking system carbon footprint of buildings production efficiency optimizes ferry traffic Symetri, in the Design Management division, Technia, in the Product Lifecy
Slide 9: Addnode Group in Numbers
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Addnode Group in Numbers 0.7 EBITA RTM, Q1 2024 7.8 MARKET CAPITALIZATION NET SALES RTM, Q1 2024 15 bSEK bSEK bSEK ~ GROUP COMPANY EMPLOYEES COUNTRIES COVERED 5 YEAR SHARE PERFORMANCE, 31 MARCH 2024 2,700 19 247 % 9
Slide 10: Growth, Earnings Improvement and Strong Cash Flow
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Growth, Earnings Improvement and Strong Cash Flow Q1 Q1 Rolling 2024 2023 Change 12m Net sales, SEK m 2,409 1,972 22% 7,849 Gross profit, SEK m 1,101 941 17% 3,863 Gross margin, % 45.7 47.7 49.2 EBITA, SEK m 253 202 25% 691 EBITA margin, % 10.5 10.2 8.8
Slide 11: Addnode Group
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Addnode Group Trend in net sales and EBITA Breakdown of net sales by category Breakdown of net sales by geography 2020 – 2024R12 Q1 2024 Q1 2024 8000 800 Services Other Licenses Germany Other USA 20% 1% 3% 8% 16% 34% 7000 700 6000 600 5000 500 4000 400
Slide 12: Design Management
ADDNODE GROUP COMPANY PRESENTATION 2024-04-22 Design Management Trend in net sales and EBITA 5000 500 4000 400 3000 300 2000 200 1000 100 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q1 Q1 Rolling 2024 2023 Change 12m Net sales, SEK m 1,624 1,213 34% 4,703 Gross profit, SEK m 609
Slide 13: Design Management: VAR vs Agency model
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Design Management Current New This is only an illustrative VAR MODEL AGENCY MODEL Change example of differences Autodesk subscription 850 213 -637 between VAR and AGENCY Other 3p software 50 50 0 MODEL. It illustrates only expected changes because Own t
Slide 14: Product Lifecycle Management
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Product Lifecycle Management Trend in net sales and EBITA 2000 200 1500 150 1000 100 500 50 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q1 Q1 Rolling 2024 2023 Change 12m Net sales, SEK M 454 433 5% 1,905 Gross profit, SEK m 224 208
Slide 15: Product Lifecycle Management
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Product Lifecycle Management • A renowned Dassault Systèmes Partner based in Québec, Canada • Focused on Computer-Aided Engineering (CAE) technologies and the benefits they bring to innovation • Customers within research and development and manufacturin
Slide 16: Process Management
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Process Management Trend in net sales and EBITA 1500 300 1000 200 500 100 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q1 Q1 Rolling 2024 2023 Change 12m Net sales, SEK M 342 335 2% 1,288 Gross profit, SEK m 274 264 4% 1,031 Gross ma
Slide 17: Consolidated Cash Flow
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Consolidated Cash Flow Cash flow, SEK m Q1 Q1 Full Year Rolling 2024 2023 Change 2023 12m Operating profit 187 149 38 410 448 Adjustments for non-cash items 93 80 13 361 374 Other -55 -38 -17 -198 -215 Cash flow from operations before working capital ch
Slide 18: Consolidated Financial Position
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Consolidated Financial Position 31 March 31 March 31 December Balance sheet, SEK m 2024 2023 Change 2023 Change Intangible non-current assets 4,159 3,465 694 3,949 210 Other non-current assets 425 275 150 417 8 Net working capital -710 -672 -38 -543 -16
Slide 19: Addnode Group as an Investment
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Addnode Group as an Investment Sustainable Organic and Attractive Diversification digital solutions acquisition-led growth business model spreads risk 10 largest 8000 800 Other, 1% Licences, 5% customers, 6% 7000 700 11–50, 6000 600 11% 5000 500 4000 40
Slide 20: Questions & Answers
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Questions & Answers 20
Slide 21: Appendix
APPENDIX > ADDNODE GROUP
Slide 22: Organic and Acquisition-led Growth Strategy
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Organic and Acquisition-led Growth Strategy Acquisitions Organic development Complementary business or Decentralised responsibility markets and authority Values based leadership Strategic support Attractive valuation Synergies and collaboration Addnode
Slide 23: Addnode Group: Share of Net Sales, Gross Profit, EBITA
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Addnode Group Share of Net Sales* Share of Gross Profit* Share of EBITA* Q1 2024 Q1 2024 Q1 2024 Process Process Process Management, Management Design Management, 14% 25% Management 24% 55% Product Lifecycle Management, 19% Product Design Lifecycle Mana
Slide 24: Bernheimer Architecture (BA)
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 CASE STUDY DIVISION Bernheimer Architecture (BA) Design Management Digital tools to visualize and reduce NEED carbon footprint of buildings BA needed digital tools to visualize embodied Symetri creates and provides digital solutions and carbon in buildi
Slide 25: Aeristech electric motors
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 CASE STUDY DIVISION Product Lifecycle Management Aeristech electric motors Improved R&D and production NEED efficiency Aeristech needed to overcome challenges related Technia is an Addnode Group company, a global to the lack of control systems in their
Slide 26: Trafikverket Färjerederiet
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 CASE STUDY DIVISION Trafikverket Färjerederiet Process Management Voice-based booking system optimizes NEED ferry traffic Trafikverket Färjerederiet needed to optimize ferry Voice Provider is an Addnode Group company in traffic in order to reduce carbon
Slide 27: Acquisitions 2024 YTD
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Acquisitions 2024 YTD Efficture Jetas Quality Systems Optimec Efficture develops and offers proprietary Jetas develops and offers proprietary Optimec delivers turnkey solutions software for forest and timber case management systems for issues within Com
Slide 28: Acquisitions 2023
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Acquisitions 2023 Fast2 Key Performance Team D3 Leading Swedish supplier of business Partner to Dassault Systèmes, operating One of the largest Autodesk partners in systems for real estate companies. Its in North America and Europe. Focused the US, with
Slide 29: Acquisitions 2022
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Acquisitions 2022 Claytex Desys Microdesk Decisive Claytex specializes in advanced DESYS service offering is based Microdesk is a Platinum partner Rule-based decision management simulation and virtual testing, on Dassault Systèmes’ platform, to Autodesk
Slide 30: Acquisitions 2022, cont.
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Acquisitions 2022, cont. JBL JBL’s service offering is based on Dassault Systèmes’ platform, the team adds resources and competence within oil and gas, infrastructure and renewable energy. Division Product Lifecycle Management 2 15 30
Slide 31: Shareholders
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 Shareholders Managements shareholdings Share class Share class Share capital, Voting rights, • Johan Andersson, CEO, 400,000 shares and Owner A B % % 38,000 call options for 92,000 B-shares Aretro Capital Group AB 2,501,328 4,738,496 5.4 17.5 • Other me
Slide 32: The Share
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 The Share • Average daily traded volume in Q1 2024 was SEK Volume '000 219.000 shares. 160 3500 • Highest daily volume was on February 29th, 140 where 3.055 million shares were traded. 3000 120 • During Q1, JPMorgan Asset Management 2500 held public sho
Slide 33: INTERIM REPORT JANUARY - MARCH 2024
INTERIM REPORT JANUARY - MARCH 2024 2024-04-25 33