Slide 1: Interim Report January – September 2024
Interim Report January – September 2024
Slide 2: Presentation of Addnode Group's Interim Report
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Presentation of Addnode Group’s Johan Andersson Interim Report President and Chief Executive Officer January – September johan.andersson@addnodegroup.com 2024 +46 70 420 58 31 Kristina Elfström Mackintosh Chief Financial Officer kristina.mackintosh@
Slide 3: Agenda
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Agenda 1. Q3 2024 Interim Report 2. Investment case January – September 2024 3. Q&A 4. Appendix • Addnode Group in brief • Organic and Acquisition-led Growth Strategy • Sustainability Cases • Acquisitions 2022 – 2024 • Shareholders, September 30, 20
Slide 4: Growth and robust earnings improvement
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Growth and robust earnings improvement 9,000 Trend in net sales and EBITA 900 7,500 750 6,000 600 4,500 450 3,000 300 1,500 150 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q3 Q3 Rolling 2024 2023 Change 12m Net sales, SEK m 1,85
Slide 5: Addnode Group net sales breakdown
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Addnode Group Breakdown of net sales by geography Breakdown of net sales by category Q3 2024 Q3 2024 Other Other Licenses Germany Services 17% Sweden 1% 2% 11% 23% 27% USA Recurring revenue 24% 74% UK 21% 5
Slide 6: Digitalization for a Better Society
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Digitalization for a Better Society 6
Slide 7: Digitalization for a Better Society
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Digitalization for a Better Society Rehabilitation of water systems Improved efficiency in the glass industry Improved hazardous waste management In collaboration with the landscape architects Technia has entered a partnership with In collaboration
Slide 8: INTERIM REPORT JANUARY - SEPTEMBER 2024
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 8
Slide 9: Addnode Group share of net sales, gross profit, EBITA
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Addnode Group Share of Net Sales* Share of Gross Profit* Share of EBITA* Q3 2024 Q3 2024 Q3 2024 Process Process Management, Management Process Design 15% 24% Management, Management 27% 53% Product Lifecycle Management, Design 25% Management, Design
Slide 10: Design Management
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Design Management Trend in net sales and EBITA 6,000 600 5,000 500 4,000 400 3,000 300 2,000 200 1,000 100 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q3 Q3 Rolling 2024 2023 Change 12m Net sales, SEK m 1,111 1055 5%* 5,195 Gros
Slide 11: Product Lifecycle Management
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Product Lifecycle Management Trend in net sales and EBITA 2,000 200 1,500 150 1,000 100 500 50 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q3 Q3 Rolling 2024 2023 Change 12m Net sales, SEK m 469 484 -3% 1,890 Gross profit, SEK m
Slide 12: Process Management
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Process Management Trend in net sales and EBITA 1,500 300 250 1,000 200 150 500 100 50 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q3 Q3 Rolling 2024 2023 Change 12m Net sales, SEK m 289 280 3% 1,312 Gross profit, SEK m 237 224
Slide 13: Consolidated Cash Flow
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Consolidated Cash Flow Q3 Q3 YTD Sep YTD Sep SEKm 2024 2023 Change 2024 2023 Change Operating profit 137 70 67 420 275 145 Adjustments for non-cash items 90 90 0 267 264 3 Other -46 -41 -5 -180 -127 -53 Cash flow from operations before working capit
Slide 14: Consolidated Financial Position
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Consolidated Financial Position 30 Sep 30 Sep 31 dec SEKm 2024 2023 Change 2023 Change Intangible non-current assets 4,107 4,038 69 3,949 158 Other non-current assets 382 322 60 417 -35 Net working capital -478 -495 17 -543 65 Total assets 4,011 3,8
Slide 15: Key Financials
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Key Financials 2020 2021 2022 2023 2024 R12 Net Sales, SEK bn 3.8 4.1 6.2 7.4 8.4 Net Sales growth, % 11% 7% 53% 19% n/a EBITA, SEK bn 0.4 0.5 0.7 0.6 0.8 EBITA, % 9.4% 11.3% 11.7% 8.6% 9.7% EBT, SEK bn 0.2 0.3 0.5 0.4 0.5 EBT growth, % 21% 35% 74%
Slide 16: Addnode Group as an Investment
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Addnode Group as an Investment Sustainable Organic and Attractive Diversification digital solutions acquisition-led growth business model spreads risk Q3 2024 Q3 2024 Full-year 2023 10 largest 9000 900 Other, 1% Licences, 2% customers, 6% 8000 800 7
Slide 17: Questions & Answers
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Questions & Answers 17
Slide 18: Appendix: Addnode Group
APPENDIX > ADDNODE GROUP
Slide 19: Addnode Group in Numbers
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Addnode Group in Numbers 0.8 EBITA RTM, Q3 2024 8.4 MARKET CAPITALIZATION NET SALES RTM, Q3 2024 14 bSEK bSEK bSEK ~ GROUP COMPANY EMPLOYEES COUNTRIES COVERED 5 YEAR SHARE PERFORMANCE, 30 SEP 2024 2,700 19 179 % 19
Slide 20: Who we are
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 WHO WE ARE An add-on growth accelerator for companies providing technologies for a sustainable future. 20
Slide 21: Growth Through Sustainability
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 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 Su
Slide 22: Organic and Acquisition-led Growth Strategy
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 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 Addn
Slide 23: Sasaki
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 CASE STUDY DIVISION Design Management Sasaki Sustainable rehabilitation of water NEED Challenges with their existing hydraulic modeling Symetri creates and provides digital systems software led Sasaki to tap into its strategic solutions and services
Slide 24: Glaston
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 CASE STUDY DIVISION Product Lifecycle Management Glaston Efficiency improvements in the NEED Glaston faced the challenge of managing glass industry extensive operations in multiple countries, while Technia, an Addnode Group company, is a global prov
Slide 25: Avfallskollen
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 CASE STUDY DIVISION Process Management Avfallskollen Digital tool streamlines hazardous NEED Under EU law, hazardous waste must be traceable waste management and reported to the Swedish Environmental Sokigo is a product company that provides solutio
Slide 26: Acquisitions 2024 YTD
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Acquisitions 2024 YTD Efficture Jetas Quality Systems Optimec GPS Timber Efficture develops and offers proprietary Jetas develops and offers proprietary Optimec delivers turnkey solutions Software for timberyard logistics and software for forest and
Slide 27: Acquisitions 2024 YTD Cont.
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Acquisitions 2024 YTD Cont. Addoceo Prime Aerostructures Efficture develops and offers proprietary A leading Dassault Systèmes Partner software for forest and timber based in Vienna, Austria. Specialized in management. Will complement simulations fo
Slide 28: Acquisitions 2023
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 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,
Slide 29: Acquisitions 2022
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 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 Auto
Slide 30: Acquisitions 2022, cont.
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 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 New employees 2 Annual
Slide 31: Shareholders
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 Shareholders Managements shareholdings Owner Shares class A Shares class B Share captial, % Voting rights, % Staffan Hanstorp & Jonas Gejer 2,501,328 3,238,496 4.3% 16.6% • Johan Andersson, CEO, 400,000 shares and 38,000 Dick Hasselström 1,446,668 1
Slide 32: The Share
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 The Share • Average daily traded volume in Q3 2024 was SEK Volume '000 80,000 shares. 140.0 3500 • Highest daily volume was on July 12th, 120.0 3000 where 493 000 shares were traded, after the release of the Q2 report. 100.0 2500 • Total number of s
Slide 33: INTERIM REPORT JANUARY - SEPTEMBER 2024
INTERIM REPORT JANUARY - SEPTEMBER 2024 2024-10-24 33