Slide 1: Call with Investors
Call with Investors May 12 | 11.00am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Revenues by Market and EBITDA
2 • Extraordinary Revenues growth thanks to double-digit organic growth and strong M&A 2022 contribution • EBITDA margin decreased by 1.6 p.p. for the different mix of revenues/costs following consolidation of new service companies acquired in the second half of 2022 Revenues by Market EBITDA (€mn,
Slide 3: Digital Innovation
Digital Innovation 3 Artificial Software Engineering Intelligence Digitization & Servitization of products Extended Reality Quality Data Analytics Software Engineering v 69% of Business * Digital Cybersecurity & Aviation Information Risk Management Smart Solutions v 18% of Business * Fintech, Smart
Slide 4: Revenues by Offering and EBITDA
4 To highlight TXT's new and broader positioning in the digital innovation market, the Group has structured itself into three divisions representative of the type of offering: Revenues by Offering EBITDA (€mn, % on total revenues) (€mn, % on revenues) 52.3 6.8 +71% 13.1% +52% 4.5 14.7% 36.3 4.5 30.5
Slide 5: Mix of organic and inorganic growth to boost market positioning
5 Q1-2023: Mix of organic & inorganic growth to boost market positioning Solid Organic Contribution of M&A Net Profit Growth in 1Q-23 FY-2022 in 1Q-23 (consolidated) +11% +€18 Mn €2.9 Mn vs. 1Q-2022 6% of Revenues +40% vs. 1Q-2022
Slide 6: Q1-23 key figures: R&D, cash, net debt
6 € 2.2Mn Q1-23, +16% vs. Q1-22 € 9.3Mn Q1-23, +7% vs. Q1-22 € 10Mn 19% of total revenues € 25Mn (Net Debt) - € 19Mn* in Treasury Shares & € 16Mn Fair Value Financial Investment * Value calculated with stock price of € 19,96 per share (Share Price Mar. 31st, 2023)
Slide 7: Core Markets & Incidence
Core Markets & Incidence 7 7 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 2000 experts, competence centers in AI, cybersecurity, XR, IoT. Aerospace Industrial Telco,
Slide 8: Q1-2023 Main Events & Future Evolution
8 _Q1-2023 Main Events & Future Evolution
Slide 9: Lot 2 of Consip tender available
9 9 : Lot 2 of Consip tender available • Solid organic growth of Digital Advisory division in Q1-2023 with HSPI that recorded a +24% in revenues compared to Q1-2022 (+1Mn), with a strong contribution coming from NRRP; • As communicated to the market earlier this year, HSPI is the first assignee of L
Slide 10: TXT secures NRRP funding
10 10 : TXT secures funding in • TXT Group secures NRRP fundings as coordinator of project SOFIA (SOFtware platfom for explainable and ethical Artificial Intelligence for the 4.0 worker) from the “Italian Ministry of Enterprises and Made in Italy” through the Complementary Fund of the NRRP, thanks t
Slide 11: PACE part of the Neumann consortium
11 11 PACE part of the Neumann consortium • PACE, a TXT Group company, has been selected as member of the Neumann consortium, which was awarded under the European Defence Fund programme (EDF) to contribute to the future European strategic autonomy and help closing the gap with fighter technology and
Slide 12: 2023 Events
2023 Events: 12 12 As the world emerges from the pandemic, one promising avenue for growth is through the revival of events that had to be put on hold. TXT Group, at the forefront of revolutionizing digital innovation, showcased its Smart Solutions and offering worldwide taking part in the following
Slide 13: Q1-2023 Financials
13 Q1-2023 FINANCIALS
Slide 14: Income statement Q1 2023 vs Q1 2022
14 € thousand Q1 2023 % Q1 2022 % Var % REVENUES 52,312 100 30,520 100 71.4 Direct costs 34,505 66.0 18,893 61.9 82.6 GROSS MARGIN 17,807 34.0 11,627 38.1 53.2 Research and Development costs 2,210 4.2 1,908 6.3 15.8 Commercial costs 4,573 8.7 3,167 10.4 44.4 General and Administrative costs 4,189 8.
Slide 15: Net financial position
15 € thousand 31.12.2022 31.12.2022 Var Cash 45.919 33.015 12.905 Trading securities at fair value 48.309 48.490 (180) Total Cash & Cash Equivalent 94.229 81.505 12.724 Short term Financial Debts (55.906) (51.187) (4.719) Short term Financial Resources 38.323 30.318 8.005 Other Long Term Financial A
Slide 16: Balance sheet: capital employed and financing
16 € thousand 31.03.2023 31.12.2022 Change Intangible assets 77,428 77,975 (547 ) Tangible assets 19,491 18,293 1,198 Other fixed assets 19,234 19,360 (126 ) Fixed Assets 116,152 115,628 524 Inventories 15,808 13,765 2,043 Trade receivables 57,364 73,115 (15,751 ) Other short term assets 16,562 15,3
Slide 17: Share price, shareholders and dividends
17 * Latest Public Data Available as of 31 Mar. 2023 Treasury 18 16,3 Shares; 7% 16 Laserline 14 4,6 L.V.O. Global Asset Management S.A. SpA; 30% 12 3% 10 8 6,8 5,3 5,5 6 11,7 1 3,4 4 Market; 5,8 5,3 5,5 2 0,76 3,4 43% 0,26 0 0 0,5 0 0 2018 2019 2020 2021 2022 Q1-23 Managers; Repurchase Treasury Sha
Slide 18: Q&A
19 Q&A