Doxee S.p.a. · MIL:DOX
Doxee — Next Gems 2023
29 slides from Doxee's conference presentation, Oct 17, 2023
Slide 1: Next Gems 2023 Mid year Financial results
Next Gems 2023 Mid year Financial results Sergio Muratori Casali CEO Guido Spagnoli CFO Milano 17th October 2023
Slide 2: We enable companies to create innovative and digital customer-facing communications
We enable companies to create innovative and digital customer-facing communications 17th October 2023 Next Gems 2023, Milan
Slide 3: What we do
What we do Managing the digital transformation Doxee Platform® document experience (dx): Batch and on demand digital product, distribution, digital archiving of documents Data processing paperless experience (px): Electronic invoicing, ordering, signature, Registered e-mail, Company Consumers Long-t
Slide 4: What we do: Transforming data into relationships
What we do Transforming data into relationships > Founded in 2001, by Paolo Cavicchioli and Sergio 200+ Clients worldwide across different sectors have validated Doxee's solutions Muratori Casali, Doxee is a technology vendor that - leveraging on its Doxee Platform® - helps companies in their digita
Slide 5: 2022 Sustainability Report
2022 Sustainability Report Prepared on a voluntary basis, reporting on a selection of the "GRI Sustainability Reporting Standards" published by the Global Reporting Initiative (GRI), under the "Referenced" reporting option. GOVERNANCE AND CERTIFICATION SYSTEMS ECONOMIC VALUE • Organizational Model -
Slide 6: Impact Report 2022
Impact Report 2022 Second Impact Report, drawn up pursuant to Article 1, paragraph 382 of Law 208/2015 2. CULTURE OF TECHNOLOGICAL AND DIGITAL INNOVATION 3. CULTURE OF ECO-SUSTAINABILITY 1. INNOVATIVE IT TOOLS AND SOCIAL INCLUSION 4. INTERNAL TRAINING COURSES • 2,057,607,505 digital sheets produced
Slide 7: Doxee Technological Asset
Doxee Technological Asset MARKET VALIDATION R&D INVESTMENTS Global IT analysts recommend Doxee in their reports R&D effort represents the strong commitment to support the development of the new Doxee € 14.0 mln Platform with innovative and extended > Tech Tide™: Creative Technologies, 2021 > Doxee n
Slide 8: Doxee Client Base
Doxee Client Base TELCO & MEDIA UTILITIES 1H 2023 REVENUES BY INDUSTRIES 6% 5% Telco & Media 39% 7% Utilities 8% Financial BANKING AND INSURANCE PUBLIC ADMINISTRATIONS Services IT Services Public Sector Other Industries 36% RELEVANT PARTNERSHIP 70% 1.5% 3 years Recurring Revenues Annual Churn rate C
Slide 9: Success Cases
Success Cases 17th October 2023 Next Gems 2023, Milan
Slide 10: Success cases
Success cases Doxee Pvideo® INPS IREN Credem Banca ( eng) Summary of policies for Internet banking promotion Centro Medico Santagostino Payment Reminder pensioners First visit Doxee Pweb® A2A Fastweb Sorgenia Plenitude Digital credit Digital Bill Energy Corner Smart Invoice 17th October 2023 Next Ge
Slide 11: Eni gas e luce
BENEFITS • 50 million annual multichannel communications and invoices CUSTOMER Eni gas e luce is the new company of Eni SpA, established in 2017 to sell gas, electricity, • Digital opt-in for customers through the smart bill Fastweband energy è uno solutionsoperatori dei principali in the retail and
Slide 12: Engie
CUSTOMER Engie is a French energy company that produces and distributes electricity, BENEFITS • Massive volumes: 4 million videos produced natural gas, and renewable per year Fastweb è uno deienergy. principali operatori It is the world's leading independent producer of electricity and the world's •
Slide 13: INPS
CUSTOMER National Institute for Social Security is the main entity of the BENEFIT Several propjects for INPS in partneship with Italian public retirement system. All waged labourers and most of self-employed without a proper autonomous social security fund, Postel: must be subscribed to INPS Accepta
Slide 14: Crédit Agricole Italia
BENEFITS • Reduce costs with scalable, centralized solutions CUSTOMER Crédit Agricole Fastweb Italia è uno deiS.p.A. is anoperatori principali Italian credit institution • Manage dynamic customer communications originally Telco founded in 1860 italiani, con circa in 2,5Parma, milioniItaly. di client
Slide 15: Financial Data
Financial Data 17th October 2023 Next Gems 2023, Milan
Slide 16: 1H 2023 Results & Overview: Key financials
1H 2023 Results & Overview Towards a European One Company Key financials Revenues € 12.1 Mn, + 9.9% vs H1 2022 Net Result (€ 3.2 Mn) vs € 0.3 Mn EBITDA (€ 0.5 Mn) vs € 1.5 Mn Net Financial Debt at € 18 Mn vs € 14 Mn as of 31.12.2022 Highlights Impact on Profitability • Recurring revenue stable at 70
Slide 17: Consolidated Revenues Breakdown
Consolidated Revenues Breakdown CAGR 23% 10% REVENUES GROWTH PRODUCT LINE GROWTH 9,1 H1 2021 below the forecast due to PA and Tier 1 H1 2023 (€/mln) 7,7 H1 2022 clients’ orders delay to H2 or H1 2023 2024 6,0 € 1.8 MLN INFINICA REVENUE CAGR -16% CAGR 14% CONTRIBUTION up and cross selling potential s
Slide 18: 1H 2023 Financial Highlights
• 2023 H1 Revenues amounted to €12.1 mln: 1H 2023 Financial Highlights document experience €9.1 mln, interactive experience €1.7 mln, product line paperless experience €1.3 mln. PROFIT & LOSS 1H 2023 1H 2022 Sales Revenues 12.1 11.1 • EBITDA negative to € (0.5) due to a slowdowbn in the revenues gro
Slide 19: 1H 2023 Investments
1H 2023 Investments Strong investments to increase scalability and become a one company R&D AND VALUE OF PRODUCTION COST OF PERSONEL (€/mln) (€/mln) Annual VoP 30 12 R&D 26,5 10,20 25 22,9 10 8,05 20 17,7 8 6,9 6,60 15 13,8 6 10 4 6,3 4,3 5 3,4 3,3 2 0 0 FY 2020 FY 2021 FY 2022 H1 2023 2020 2021 202
Slide 20: Back to Profitability in 2024
BACK TO PROFITABILITY IN 2024 17th October 2023 Next Gems 2023, Milan
Slide 21: Strategic growth key points
Strategic growth key points Doxee a leading player in the digitization process CONSOLIDATION OF POSITION IN EXISTING MARKETS • as a paperless player in the Regulatory Technology market through SERCQ (>0,5M deal closed in H2 2023) DOXEE IS EVOLVING INTO A LEADING • Cross-sell ix products offerings in
Slide 22: Growth Strategy action plan: Sustainable revenues
Growth Strategy action plan Initiatives to bring back profitability in 2024 • Despite longer sales cycles (>6/9 months) a substantial pipeline has been built up without lost opportunities • Framework agreement renewal with Poste focused on Central Public Sector and Health Sector • Upsell & cross-sel
Slide 23: Growth Strategy action plan: Become One Company
Growth Strategy action plan Initiatives to bring back profitability in 2024 • Higher-performance technology stack thanks to the unified platform and completion of Infinica’cloud transition • Improved ability to respond to market demands in a timely and comprehensive manner, enabling customers to ben
Slide 24: Growth Strategy action plan: Cost actions
Growth Strategy action plan Initiatives to bring back profitability in 2024 • Gross margin improvement due to the efficiency for the adoption of new DP3 • In 2024 expected reduction of R&D investments and benefit of innovation funds COST ACTIONS Reduction costs for • Planned reduction in external co
Slide 25: Key Takeaways
Key Takeaways 1 A new Organization for One Company 2 Cost Optimization and efficiency 3 Sales Traction for business growth in DACH 4 Upselling speed up on customer base in Italy 17th October 2023 Next Gems 2023, Milan
Slide 26: Appendix
Appendix 17th October 2023 Next Gems 2023, Milan
Slide 27: Doxee Timeline
Doxee Timeline E-billingS.p.A. is E-billing becomes Doxee Doxee expands Listed on AIM Acquisition of Rebranding Acquisition of Agreement founded in Modena, Doxee S.p.A. becomes a internationally Italia, the stock Littlesea Littlesea in Infinica GmbH with Simest Italy, offering multinational in 19 co
Slide 28: Investor Information
Investor Information BOARD OF DIRECTORS Sergio Muratori Casali Paolo Cavicchioli Vice-president and CEO Chairman and CEO Giuseppe Dal Cin Paola Leoni Pier Luigi Morara Member Independent Independent Member Member SHAREHOLDERS’ STRUCTURE 5,23% 18,97% 8,41% Ipoc Eiffel P&S Srl Market 67,38% 17th Octob
Slide 29: Sergio Muratori Casali, CEO; Guido Spagnoli, CFO
Sergio Muratori Casali, CEO Guido Spagnoli, CFO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com