Txt E-solutions S.p.a. · MIL:TXT

Txt E-solutions — Corporate Update (June 2022)

19 slides from Txt E-solutions's corporate update, Jun 15, 2022

  1. Slide 1: 15 June 2022

    15 June 2022 Daniele MISANI, CEO Andrea FAVINI, IR 1

  2. Slide 2: Your Global Digital Enabler

    2 Your Global Digital Enabler We have a solid network of TXT is an international IT Group, end- multidisciplinary competences and to-end provider of consultancy, vertical excellences, developed in software services and solutions, industries in which we are the leader. supporting the digital innovati

  3. Slide 3: Business Models

    3 Business Solid network of multidisciplinary competences and vertical excellences, Models customers can rely on experts. We accelerate the customer’s digital transition Smart solutions market-ready for specific verticals in customers’ core by providing advanced vertical solutions. processes. Large

  4. Slide 4: Company history and acquisitions timeline

    4 Automotive & Industrial (Industry 4.0) R.: €9mn in FY21 Q3-21 Aerospace R.: €8mn in FY16 FinTech: Consumer Credit R.: €3mn in FY21 Q4-21 Foundation IT Governance & Digital Transformation R.: €12mn in FY19 FinTech: Digital Payments Listing on STAR R.: €2.5 mn in FY21 Borsa Italiana Q4-21 Stock Exch

  5. Slide 5: Historical Trading Results

    5 Historical Trading Results Revenues & EBITDA CAGR ( 2018-2021 ) show extraordinary growth 15.1% New TXT after divestment of Retail division: 96 CAGR 2018-2021: Revenues (Total) 34.1% EBITDA 56.3% 11.9% 12.5% 69 78 78 9.7% 9.5% 59 +13% +13% 56% YoY YoY Euro Million 40 62 62 36 +5% +5% 49 49 YoY YoY

  6. Slide 6: #neverbetter. Q1 2022 results confirm strong growth

    6 Q1 2022 results confirm strong growth of revenues and profitability #neverbetter. Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) +42% €30.5 +66% €4.5 €21.5 €15.9 52% +45% €11.0 €2.7 51% 14,7% €14.6 12,6% €10.5 +40% 48% 49% Q1-21 Q1-22 Q1-21 Q1-22 FinTech Aerospace

  7. Slide 7: Perfect mix of organic & inorganic growth to boost profitability

    _perfect mix of organic & inorganic growth to boost profitability Solid Organic Postive M&A NET Growth Contribution PROFIT +17.8% +€5 Mn €2.1 Mn vs Q1-2021 Revenues Q1-2022 6,8% of Revenues #neverbetter.

  8. Slide 8: Q1-22 EBIT, EBITDA and net cash highlights

    8 € 3.2Mn Q1-22, + 86% vs. Q1-21 € 1.9Mn Q1-22, + 16% vs. Q1-21 €2.2Mn +16% vs. Q1-21, +€7.0Mn from services around proprietary SW € 9.4 Mn 31% of total revenues € 3.2Mn (Net Cash) + €8Mn* in Treasury Shares * Value calculated with stock price of € 9.78 per share (Share Price March 31st, 2022) Exclu

  9. Slide 9: Sustainable growth, diversification: Aerospace & Aviation, Fintech

    _Sustainable growth, diversification 9 Aerospace & Aviation Fintech Turnover Q2-2022: 15.9M € 5% Revenues Revenues Turnover Q1-2022: 14.6M € breakdown +45% breakdown 11% +40% 16% EBITDA margin Q1-2022: 62% 27% EBITDA margin Q1-2022: 18% Software 11% 80% Software Advanced services Advanced services I

  10. Slide 10: Q1-22 Main Events & Future Evolutions

    10 _Q1-22 Main Events & Future Evolutions

  11. Slide 11: Aerospace & Aviation Division, Fintech Division

    Aerospace & Aviation Division Fintech Division (including Automotive & Manufacturing offering) (including Public Sector offering) • Civil Aviation: further reboot of the business with acquisition of • New multi-million public tender awarded in Q2-2022 with new customers: i) Deutsche Aircraft for PAC

  12. Slide 12: Focus on acquisitions and growth

    12 focus on • After outperforming results for Q1 2022 with an organic growth of ≈18%, TXT continues the improvement path aiming to maintain a constant and sustainable expansion pushed by internal innovation and strengthened commercial network. • Solid pipeline of new potential acquisitions for the a

  13. Slide 13: Q1-2022 Financials

    13 Q1-2022 FINANCIALS

  14. Slide 14: Q1 2022 income statement

    14 € thousand 1Q 2022 % 1Q 2021 % Var % REVENUES 30,520 100 21,481 100 42.1 Direct costs 18,893 61.9 13,210 61.5 43.0 GROSS MARGIN 11,627 38.1 8,271 38.5 40.6 Research and Development costs 1,908 6.3 1,650 7.7 15.6 Commercial costs 3,167 10.4 2,513 11.7 26.0 General and Administrative costs 2,059 6.

  15. Slide 15: Net financial position

    15 .000 Euro 31.03.2022 31.12.2021 Var Cash 42,185 36,076 6,109 Trading securities at fair value 47,981 48,869 (888) Short term Financial Debts (47,516) (44,570) (2,946) Short term Financial Resources 42,650 40,375 2,275 Non current Financial Debts - Lessors IFRS 16 (4,055) (4,209) 154 Other Non cur

  16. Slide 16: Capital employed and financing

    16 € thousand 31.03.2022 31.12.2021 Change Intangible assets 54,311 52,626 1,685 Tangible assets 12,383 12,126 257 Other fixed assets 16,438 16,529 (91 ) Fixed Assets 83,132 81,281 1,851 Inventories 12,611 7,810 4,801 Trade receivables 30,793 43,156 (12,363 ) Other short term assets 9,807 8,864 943

  17. Slide 17: Share price and shareholders

    17 Latest Public Data Available as of 31 March 2022 Treasury Shares; 10% Laserline SpA; 30% Market; 50% Managers; 11% Share Price Dec 31st, 2018 9.66€/share Share Price Mar 31st, 2022 9.78€/share Mkt Mar 31st, 2022 114.4m € Dividend Yield n.a.

  18. Slide 18: Dividends and treasury share repurchases

    18 18 16,3 16 4,6 With the aim of best pursuing the 14 accelerated growth plans through 12 acquisitions and continuing 10 8 6,8 investments in proprietary 6 11,7 1 5,3 platforms to increase the value of the Group and, also in view of the 3,7 3,7 3,8 4 3,2 3,2 0,3 0,9 1,1 0,6 1 0,8 5,8 5,3 0,76 1,6 c

  19. Slide 19: Q&A

    20 Q&A

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