Clavister Ab · OMXSTO:CLAV
Clavister Ab — Q1 2024 Earnings Presentation
17 slides from Clavister Ab's earnings presentation, May 8, 2024
Slide 1: Interim Report January – March 2024
Interim Report Interim Report Clavister Holding AB (publ) January – March 2024 Clavister Holding AB (publ) January – March 2024
Slide 2: Summary of the Quarter Key Metrics
2 Summary of the Quarter Key Metrics (MSEK) Q1 2024 Q1 2023 Highlights from the Quarter Order Intake 38.0 34.7 Net sales grew by 21 %. Order Intake Growth 9.7 % -6.3 % Annual Recurring Revenue (ARR) at EoP 123.5 109.4 Clearly strengthened EBITDA margin. ARR Growth 15.0 % 15.9 % Fully subscribe
Slide 3: Comments by the CEO
3 Comments by the CEO The year started on a positive note with a During the period, ARR grew by 15 %, Our geographic focus markets, the Nordic Continued Uncertainty in the Telecom quarter characterised by stability across all resulting in recurring license revenues of 124 and DACH regions, demonstra
Slide 4: Series Deliveries of Defence Contracts and Outlook
4 Series Deliveries of Defence Contracts Outlook The defence contracts that we previously We leave behind a quarter that in many announced are now providing clear revenue ways resembles the last quarter of 2023 - and growth support based on the series good growth, stable margins, and a strong delive
Slide 5: Comments on the Financial Statement
5 (TSEK) ORDER INTAKE (T12M) 350 000 300 000 Comments on the Financial Statement 250 000 200 000 150 000 Order Intake Gross Margin and Gross Profit 100 000 Total order intake for the quarter Gross margin amounted to 80.3 (83.2) %. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 amount
Slide 6: Operational Result
6 Operational Result factoring, short-term interest to lenders Interest-bearing Liabilities EBITDA amounted to 7.5 (0.6) MSEK. and interest income -4.9 (-2.2) MSEK, On 31 December 2023, interest-bearing Adjusted for non-recurring expenses interest on leasing contracts under IFRS 16 liabilities amoun
Slide 7: Material Post-Closing Events; Ambitions and Planning Assumptions
7 Material Post-Closing Events Operational efficiencies have led to a lower Clavister’s long-term ambition is to provide There have been no material post-closing cost base, and OPEX for the full year 2024 industry-leading profitability and Free Cash events. is estimated to be on par with the 2023 Fl
Slide 8: Condensed Consolidated Income Statement
8 Condensed Consolidated Income Statement (TSEK) 2024 2023 2023 Jan - Mar Jan - Mar Jan - Dec Net sales 43 999 36 388 160 610 Other revenue 1 133 897 4 431 Total revenue 45 132 37 285 165 041 COGS -8 884 -6 253 -31 944 Gross profit 36 248 31 032 133 097 Cap. Dev. Expenses 10 719 9 490 37 804 Staff c
Slide 9: Condensed Consolidated Balance Sheet
9 Condensed Consolidated Balance Sheet (TSEK) 2024-03-31 2023-03-31 2023-12-31 (TSEK) 2024-03-31 2023-03-31 2023-12-31 Assets Equity and liabilities Non-current assets Equity Goodwill 66 697 66 697 66 697 Equity -110 469 -184 626 -228 882 Intangible assets 110 014 111 275 108 923 Total equity -110 4
Slide 10: Condensed Statement of Changes in Equity
10 Condensed Statement of Changes in Equity (TSEK) 2024 2023 2023 Jan - Mar Jan - Mar Jan - Dec Equity, beginning of period -228 882 -163 536 -163 536 Cash issue 169 591 0 0 Issue expenses -27 867 0 0 Other total income for the period 25 -38 3 Result for the period -23 336 -21 053 -65 350 Equity, en
Slide 11: Condensed Consolidated Cash Flow Statement
11 Condensed Consoldiated Cash Flow Statement (TSEK) 2024 2023 2023 Jan - Mar Jan - Mar Jan - Dec Profit (loss) before taxes -23 326 -21 053 -65 503 Reversal of depreciation and write-downs 11 232 10 455 48 295 Other adjustments for non-cash items, etc * 14 776 8 720 16 131 Paid taxes -173 -456 367
Slide 12: Condensed Income Statement for Parent Company
12 Condensed Income Statement for Parent Company Clavister Holding AB (TSEK) 2024 2023 2023 Jan - Mar Jan - Mar Jan - Dec Net sales 2 252 2 251 9 004 Other Revenue 0 0 0 Total revenue 2 252 2 251 9 004 Staff costs -2 752 -3 880 -13 396 Other external costs -1 070 -1 925 -5 435 EBITDA -1 570 -3 554 -
Slide 13: Condensed Balance Sheet for Parent Company
13 Condensed Balance Sheet for Parent Company Clavister Holding AB (TSEK) 2024-03-31 2023-03-31 2023-12-31 Assets Fixed assets Shares in group companies 462 274 414 174 462 274 Receivables from group companies 8 000 2 550 8 000 Total fixed assets 470 274 416 724 470 274 Current assets Current receiv
Slide 14: Notes
14 Notes Note 1 Accounting Policies amounted to 226,121,410 according to The Companies options has been made in accordance with the extrapolated The consolidated financial statements have been prepared in Registration Office. price according to the Black & Scholes model and has accordance with the I
Slide 15: Convertible Loan, Contingent Liabilities and Definitions
15 Convertible Loan Note 6 Contingent Liabilities Note 8 Definitions The issued convertible loan amounts to 10 MSEK and matures on May 31, 2027, with a conversion price of 5.61 SEK. At GROUP Adjusted EBIT – EBIT adjusted for non-recurring expenses. potential conversion there will be an additional 1,
Slide 16: Note Financial Metrics
16 Note 9 Financial Metrics TSEK 2024 2023 2023 Jan - Mar Jan - Mar Jan - Dec Net sales (TSEK) 43 999 36 388 160 610 Total revenue (TSEK) 45 132 37 285 165 041 Gross profit (TSEK) 36 248 31 032 133 097 Gross margin (%) 80.3% 83.2% 80.6% EBITDA (TSEK) 7 536 550 17 639 Operating profit (TSEK) -3 696 -
Slide 17: Report Information
17 Report Information Financial Calendar AGM Interim Report Interim Report Interim Report 27 May 2024 Apr - Jun 2024 Jul - Sept 2024 Oct - Dec 2024 22 Aug 2024 7 Nov 2024 13 Feb 2025 The Share Any forward-looking statements in this Exchange: Nasdaq First North report are based on Clavister’s best Sy
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