Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO
Logo Yazilim Sanayi Ve Ticaret A.s — Logo Yazılım — Wood's Türkiye Investor Symposium 2025
23 slides from Logo Yazilim Sanayi Ve Ticaret A.s's conference presentation, Sep 18, 2025
Slide 1: Wood's Türkiye Investor Symposium Presentation
Wood’s Türkiye Investor Symposium Presentation 18 September 2025 Genel Kullanım - General
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward- looking statements that reflect Logo management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations ref
Slide 3: Logo at a glance: Türkiye's long-standing Enterprise Application Software leader
Logo at a glance: Türkiye’s long-standing Enterprise Application Software leader $116 mn 210,000+ 2024 IFRS revenues Customers (IAS adj.) 85% 1,000+ Recurring invoiced revenue share Business partners in H125 53% 900+ SaaS invoiced revenue share Employees in H125 3 Genel Kullanım - General
Slide 4: Our software solutions and services
Our software solutions and services ERP eServices Enterprise resource e-Invoice, e-Archive planning invoice, e-Ledger, e-self emp. Invoice, fintech HR and Payroll Functional solutions Human capital Customer relationship management and payroll management, Business flow, Business intelligence, Warehou
Slide 5: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition with new platform and product launches Strong financial performance 5 Genel Kullanım - General
Slide 6: Attractive Turkish software market
Attractive Turkish software market ERP adoption improving but still behind EU27 and Software’s share in Turkish IT market is expanding OECD average (%) 20% 17% 16% 15% 16% EU27 OECD Türkiye 38% 42% 33% 34% 43.3 40.3 44% 29.7 37% 45% 42% 51% 50% 36.1 33.2 13.9 2020 2021 2022 2023 2024 2017 2023 Softw
Slide 7: Logo market positioning: Longstanding SME leadership
Logo market positioning: Longstanding SME leadership with products serving the mission critical need across the lifecycle Employees #Firms Positioning Competitors Large Volumes Revenues (500+) 10.8k 1 Medium (100–499) 48.7k 2 Logo’s highest revenue contribution Small (10–99) 306k Logo’s highest 3 vo
Slide 8: Accelerated SaaS transition
Accelerated SaaS transition Growth in SaaS revenues SaaS revenues (w/out IAS adj.) 2024 1,693 95% y/y mn TL growth 2023 870 2022 413 2017-2024 2021 236 CAGR 2020 153 74% 2019 83 2018 47 2017 36 8 SaaS: eServices (coins), Retail (Diva retail), İşbaşı, Peoplise, Subscription (Wings) and Cloud ERP Gene
Slide 9: Servitization strategy
Servitization strategy Subscription Subscription Subscription Subscription Web enabled Cloud 2024 2026e 10.300+ 36.000+ Small segment Small segment ERP customers ERP customers Sales model LEM (Annual license maintenance) Cloud ERP One-time license 2024 2026e One-time 1,400+ 4.000+ customers customer
Slide 10: Accelerated SaaS transition
Accelerated SaaS transition Re-architecting of legacy products inline with servitisation strategy Platform 4.0 App Fintech ▪ Enhanced customer experience Launcher integration services ▪ Deeper customer insights driving stronger AI supported market positioning reporting service Edge ERP Shared ▪ Stro
Slide 11: Accelerated SaaS transition
Accelerated SaaS transition Cloud-native platform to service all customers ▪ Seamless User Experience Cloud Platform Next-generation ERP with intuitive design for effortless adoption AI supported Fintech ▪ AI-Powered Business Insights reporting integration Cloud platform delivers actionable intellig
Slide 12: SaaS solutions
SaaS solutions Total eService platform and leader SaaS solution for reliable SaaS solution for SaaS solution for MicroSMEs: in digital transformation and sustainable retail recruitment, on-boarding basic accounting software 208,000+ customers operations and talent engagement and e-invoicing services
Slide 13: Fintech platform unlocking new opportunities
Fintech platform unlocking new opportunities Leveraging tech infrastructure and big data to provide embedded finance services enabling further growth Open banking platform • Online bank statement • Money transfer (PISP: Payment Initiation Service Provider) • POS (Point of Sales) transaction transfer
Slide 14: Strong financial performance
Strong financial performance Double-digit USD based growth Türkiye Türkiye Invoiced revenues (w/out IAS adj.) IFRS revenues (w/out IAS adj.) mn $ mn $ CAGR 11% CAGR 11% CAGR 10% 150 CAGR 9% 127 122 96 97 74 66 68 56 60 53 51 48 51 47 55 61 47 47 54 50 49 51 41 45 37 14 Genel Kullanım - General
Slide 15: Strong financial performance
Strong financial performance Growth in recurring revenues Recurring revenues / Invoiced revenues Türkiye 100% 90% 80% 2011-2024 70% TL Recurring revenues 60% CAGR: 76% 50% 40% 80% 73% 67% 66% 67% 30% 55% 58% 59% 48% 52% 20% 41% 32% 10% 20% 7% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Slide 16: Our ESG performance
Our ESG performance Refinitiv Corporate ESG score governance rating A- 9.5/10.0 BIST BIST Sustianability Corporate governance Index Index 16 since 2017 since 2009 Genel Kullanım - General
Slide 17: Dividend track record
Dividend track record 2021 2022 2023 2024 Pay-out ratio 34% 36% 35%* 64%* Yield** 2,20% 2,85% 4,51% 4,25% Gross amount 6,9 $ mn 8,0 $ mn 13,6 $ mn 13,2 $ mn 90 TL mn 150 TL mn 400 TL mn 500 TL mn 300% bonus issue *Based on statutory records. ** Genel Kullanım - GeneralBased on PDP disclosure date. 1
Slide 18: Share buy-back programs
Share buy-back programs 2012- 2023- 2024- 2023 2024 2027 4,90% 4,90% -> 6,20% 1,26% 10,6 $ mn 3,4 $ mn Max fund 108,6 TL mn 600 TL mn 2012 - 2015 ~17,4 $ mn 12.July.2018 - 30.Dec.2021 17.Nov.2023 -> 30.Dec.2021 - 17.Nov.2023 17.Nov.2024 18.Dec.2024-> 18.Dec.2027 5% share cancellation 6,20% -> 1,20%
Slide 19: Shareholder structure
Shareholder structure Logo Teknoloji Freefloat ve Yatırım A.Ş. 64.60%** 35.40%* Logo Yazılım San. ve Tic. A.Ş. Logo Infosoft Logo Ödeme Total Soft S.A. Business Technology Hizmetleri 80%*** Private Ltd. (Logo Payment) 75.86% 100% ABS SRL ABS Financial Logo Financial 80% Services SRL Solutions GmbH 3
Slide 20: H125 results
H125 results Genel Kullanım - General
Slide 21: Resilient performance in an uncertain macro
Resilient performance in an uncertain macro Logo Türkiye • Strong results with real revenue growth of 8% and solid operational Consolidated (TL mn) profitability. y/y +4% +300% • EBITDA increased by 4%, marking a robust margin of 41% in H125 growth +2% +8% • Improved operational efficiency: Revenue
Slide 22: 2025 Guidance
2025 Guidance Logo Türkiye expectations: • 7% invoiced revenue growth w/ IAS29 adj. • 11% IFRS revenue growth w/ IAS29 adj. • EBITDA margin of ~ 35% w/ IAS29 adj. Total Soft expectations*: • 2% Euro revenue growth • 23% EBITDA margin Economic indicator expectations: • 2025 year-end inflation is 35%
Slide 23: Thank you.
Thank you. Genel Kullanım - General
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