Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — H1 2024 Earnings Presentation
18 slides from Txt E-solutions's earnings presentation, Sep 11, 2024
Slide 1: TXT Group: 1H-2024 Results Call with Investors
TXT Group: 1H-2024 Results Call with Investors September 11 | 11 a.m. (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: 1H-2024 results show continuity in organic growth
2 1H-2024 results show continuity in the organic growth of the Top Line and Operating result, boosted by M&A, synergies and operational efficiency Revenues Solid Organic EBITDA Growth in 1H-24 €138 Mn €17.5 Mn +28.8% +21.9% +25.7% vs. 1H-2023 +€23 Mn Equal to 12.7% of revenues
Slide 3: KPIs: 1H-2024 by Offering
3 KPIs reported in 1H-2024 show continuity in the growth plan of TXT based on the mix of organic growth of business, M&A contribution and synergies that are expected to generate additional growth and benefits _KPIs: 1H-2024 by Offering during the year: EBITDA margin target for FY 2024 set at more th
Slide 4: Value creation: 1H-2024
4 _Value creation: 1H-2024 R&D INVESTMENTS (fully expenses in the period) € 6.7Mn 1H-24, +50% vs. 1H-23 SMART SOLUTIONS REVENUES € 25.7Mn 1H-24, +31% vs. 1H-23 INTERNATIONAL REVENUES € 39.9Mn 29% of total revenues SUSTAINABLE DEBT (Adjusted) + TREASURY SHARES FOR FINANCING GROWTH € 37Mn (Net Debt as
Slide 5: Core Markets & Incidence
Core Markets & Incidence 5 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. 26% Aerospace & Defense 7% In
Slide 6: Business Evolution & Subsequent Events
6 _Business Evolution & Subsequent Events
Slide 7: Positive outlook after strong 1H-2024
Positive outlook after 7 strong 1H-2024 • 1H-2024 showed strong organic business growth (+21.9%), with double digit growth recorded in all the operating segments, and Digital Advisory division that outperformed the trend (+31.7%). • In terms of markets, organic growth in the first 6-month was driven
Slide 8: New MarTech Offering
88 New MarTech Offering: • From 2H-2024 (July), TXT will consolidate its new MarTech offering initiated with two strategic acquisitions: o Global Creative Consultancy offering (Digital Advisory divisions) from I MILLE and Uasabi (“I MILLE Group”). o Marketing Automation offering (Smart Solutions div
Slide 9: Creative Consultancy Offering: I MILLE & Uasabi
Creative Consultancy 9 Offering: I MILLE & Uasabi • On June 26th, TXT acquired I MILLE Srl (with its three foreign subsidiaries in Spain, Chile, and Brazil) and Uasabi Srl (I MILLE and Uasabi are hereinafter defined as I MILLE Group). • I MILLE was founded in Milan in 2004 as a marketing agency and
Slide 10: Offering in Marketing Automation with AI: Refine
10 10 Offering in Marketing Automation with AI: Refine • On July 1st, TXT acquired Refine Direct (“Refine”), a company established in 2016 that boasts proprietary technologies and specialized expertise in digital marketing, offering a multi-channel platform based on Artificial Intelligence algorithm
Slide 11: Empowered international business in Aerospace & Defence
Empowered international 11 business in Aerospace & Defence • TXT acquired a majority stake in ProSim Training Solutions: o On July 8th, TXT announced a further investment in the Dutch innovative company ProSim Training Solutions (“ProSim-TS”) to purchase 20% of the company's capital, as a result of
Slide 12: Financials
12 FINANCIALS
Slide 13: Profit & loss: 1H-2024 details
Profit & loss: 1H-2024 details 13
Slide 14: Q2-2024 details
14 € thousand Q2 2024 % Q2 2023 % Var % REVENUES 71,067 100 54,987 100 29.2 Direct costs 47,570 66.9 35,433 64.4 34.3 GROSS MARGIN 23,497 33.1 19,554 35.6 20.2 Research and Development costs 3,396 4.8 2,268 4.1 49.7 Q2-2024 details Commercial costs 6,663 9.4 5,244 9.5 27.1 General and Administrative
Slide 15: Net Financial Debt: solid financial position
15 .000 Euro 30.06.2024 31.12.2023 Var olid financial position Cash (47,503) (37,927) (9,576) Trading securities at fair value (27,428) (24,058) (3,370) NET Financial Debt: Other Short Term Financial Assets (400) (810) 410 Short term Financial Debts 58,175 57,654 521 Short term Financial Debts (17,1
Slide 16: Balance sheet: details
16 € thousand 30.06.2024 31.12.2023 Change Intangible assets 91,783 85,900 5,883 _Balance sheet: details Tangible assets 22,078 20,430 1,648 Other fixed assets 24,049 24,462 (413 ) Fixed Assets 137,911 130,792 7,119 Inventories 24,700 18,733 5,967 Trade receivables 71,193 74,346 (3,153 ) Other short
Slide 17: Shareholding structure, dividends and treasury shares
17 Shareholding Structure June 30th, 2024* Dividends and Treasury Shares Repurchase (€m) hareholding structure * Latest Public Data Available as of 30 Jun. 2024 Treasury 18 16,3 15,4 Shares; 10% 16 L.V.O. Global Asset Laserline 14 4,6 Management S.A. SpA; 30% 12 3% 10 8 6,8 13,3 5,3 5,5 5,6 6 11,7 1
Slide 18: Q&A
19 Q&A