Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — Q1 2022 Earnings Presentation
15 slides from Gigas Hosting Sa's earnings presentation, Jun 2, 2022
Slide 1: Presentación a Inversores Resultados Financieros Q1 2022
OTRA INFORMACIÓN RELEVANTE PRESENTACIÓN A INVERSORES RESULTADOS FINANCIEROS Q1 2022 GIGAS HOSTING, S.A. 1 de junio de 2022 En cumplimiento con lo dispuesto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 del texto refundido de la Ley del Mercado de Valor
Slide 2: Q1 2022 Results Presentation for Investors
Diego Cabezudo Javier Cañete CEO CFO Q1 2022 Results Presentation for Investors JUNE 2022
Slide 3: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information
Slide 4: Our Journey
Our Journey From a pure play Infrastructure as a Service company founded in 2011, to become the first converged Cloud & Communications solutions provider in the Iberian Peninsula via organic and inorganic growth 3
Slide 5: 2021 has been transformational
2021 has been transformational 2021 February 2021 - Gigas acquires a portfolio of +3k business customers from First Converged Adds fixed telephony, cloud PBX and connectivity services Telco & Cloud Kickstarts Gigas transformation in Spain towards converged telecoms, cloud and security provider O
Slide 6: 2021 Results
2021 RESULTS About Gigas • Acquisitions in 2021 have changed the scale and reach of the company, increasing revenues and EBITDA by almost 5x and increasing substantially its addressable market CONSOLIDATED P&L 2021 JAN-DEC JAN-DEC 2021 BUDGET Figures in euros FY 21 % Var FY 20 % Var Ene-Dic Net Reve
Slide 7: Q1 2022 Key Highlights
Q1 2022 Key Highlights Q1’22 net revenues reached €14.8M, 58.3% up YoY (€9.3M), due mainly to cloud growth and consolidation of MVNO acquired last September Gross margin of €8.4M in the quarter, 49.9% € higher than €5.6M of same quarter last year. Gross margin (56.9%) in line with budget (57.7%) Adj
Slide 8: Revenues Q1 2022
Revenues Q1 2022 About Gigas • Net revenues grew to €14.76M in the quarter, 58.3% higher than the €9.32M of same period last year, thanks to the consolidation of Onmovil acquired in September last year and organic cloud growth • Revenues were -3.0% lower than budgeted due to delay in the launch of n
Slide 9: Gross Margin and EBITDA Q1
About Gigas Gross Margin and EBITDA Q1 • Gross Margin of €8.40M in Q1’22, 49.9% better than the €5.60M of Q1’21. Gross margin of telecom services (49%) substantially lower than margin from Cloud, IT and Cybersecurity (71%) services due to third party access network costs (fixed and mobile) • Adjuste
Slide 10: Q1 2022 P&L versus Q1 2021 and Budget
Q1 2022 P&L versus Q1 2021About Gigas and Budget CONSOLIDATED P&L REAL REAL REAL 2022 BUDGET Figures in euros Q1 22 % Var Q1 21 % Var Q1 22B Net Revenues 14.760.883 58,3% 9.323.108 -3,0% 15.219.384 Cloud, IT & Cybersecurity Services 4.557.357 29,4% 3.523.012 2,6% 4.440.047 Telecommunications Service
Slide 11: 2022 Budget
2022 Budget • New strategy to offer converged telco/cloud/cybersecurity services fueled by acquisitions have changed the scale of GIGAS and its potential addressable market • Net revenues estimated to reach €66.5M in 2022, 27.5% higher than in 2021 • EBITDA expected to reach €14.6M, 20.0% higher tha
Slide 12: CAPEX Evolution 2016-2022
CAPEX Evolution 2016-2022 • Total CAPEX to Sales ratio (excl. M&A and R&D) will continue high in 2022 (up to 16.5%, from the 13.6% in 2021), due to the telco profile of the company and specially one-off integration and new product investments. Estimated CAPEX for the year is €10.90M (€7.1M in 2021)
Slide 13: Debt and Cash Evolution
Debt and Cash Evolution • Gross Debt at 31/MAR reached €30.0M slightly higher than at 31/DEC last year • Cash at hand amounted €11.3M as of 31/MAR, resulting in a net financial debt position of €18.7M, or 1.43x EBITDA LTM, same level as at 31/DEC last year • Gross debt does not include convertible b
Slide 14: Share Evolution
Share Evolution • Share ended at €10.75 in 2021 and it was influenced by high market volatility in the first months of 2022 • Share Price closed May at €8.90, unfortunately below the price at start of the year but still a significant premium (42.4%) since last capital increase in Q4’20 (€6.25) • At
Slide 15: Investor relations contact
Investor relations contact: investor@gigas.com accionista@gigas.com —— gigas