Siili Solutions Oy · OMXHEX:SIILI
Siili Solutions Oy — H1 2018 Earnings Presentation
13 slides from Siili Solutions Oy's earnings presentation, Aug 14, 2018
Slide 1: H1 results 2018
Disclaimer: Siili Solutions Oyj publishes official investor communication only in Finnish. The English investor website and all related content, including this codument, is translated from Finnish. In case of any discrepancies between the Finnish text and the English translation, the Finnish text sh
Slide 2: Disclaimer
Disclaimer The statements and estimates in this material regarding the markets and their future development are based on the current views of the management. Due to their nature, they contain uncertainties and are susceptible to changes in the general financial situation or the sector.
Slide 3: When I started my journey as CEO, I set 3 targets for this year
When I started my journey as CEO, I set 3 targets for this year 1. Emphasizing our original mission of making Siili the best home for digitalization professionals 2. To reach this year’s targets by executing our existing strategy and business plan with the current organization without significant ch
Slide 4: Strong growth in net sales continues, temporary weakness in EBITDA
Strong growth in net sales continues, temporary weakness in EBITDA Revenue H1 EBITDA H1 €34,2M €2,3M Growth 17,4% 6,7% of net sales • H1/2018 net sales 34,2 M€ (H1/2017 29,1 M€) – growth 17,4 % • EBITDA 2,3 M€ (2,5 M€) = 6,7 % (8,5 %) of net sales • EBIT 1,7 M€ (2,1 M€) • Equity ratio 59,9 % (55,8 %
Slide 5: Improving profitability is in our own hands
Improving profitability is in our own hands Our profitability was weakened by known inefficiencies in our organization, investments aimed at removing these inefficiencies as well as certain nonrecurring costs. • Inefficiencies linked to our central matrix organization as well as limitations of our m
Slide 6: Structural efficiency improvements are already under way
Structural efficiency improvements are already under way According to the Hedgehog concept we focus on business and competences where we can be the best, where our passion lies and where there is true value to our customers. At the start of the year we began work to update our strategy and renew our
Slide 7: Our new structure
Our new structure Siili’s business is divided into 5 business areas: 1. Key Accounts (Pasi Ropponen) – covers the majority of Siili’s current business in creating and maintaining digital services 2. Automotive (Väinö Leskinen) – grows fast especially as a product development partner to the automotiv
Slide 8: The goal of the changes is to shift decision making closer to employees and customers
The goal of the changes is to shift decision making closer to employees and customers by leading different businesses as smaller independent units, This improves operational efficiency and creates a more attractive work community. The results speak for this change…
Slide 9: Siili is seen as an attractive employer
Siili is seen as an attractive employer • We have reached our recruitment targets for the first half • Relative attrition has decreased compared to last year • At the end of June we were 636 Siilis, 73 more than at the start of the year • Nearly a third of all employees signed up to the share saving
Slide 10: Our international sales continue on a strong growth path
Our international sales continue on a strong growth path Our international business and the work force of Oulu our new Szczecin and Detroit offices have grown rapidly. Most of the sales come from the Automotive €4,1M Seinäjoki unit, which has been operating autonomously Helsinki for some time, provi
Slide 11: After the review period we acquired 60 percent of VALA Group Oy
After the review period we acquired 60 percent of VALA Group Oy • Software automation and robotic process automation (RPA) has seen rapid growth in demand both domestically and internationally • Our group of automation experts grows well beyond 100 people • Together with VALA Group we will reach new
Slide 12: We retain our outlook for 2018
We retain our outlook for 2018 80,0 20,0 % 70,0 60,0 50,0 Net sales, M€ 40,0 10,0 % EBITDA -% 30,0 20,0 10,0 0,0 0,0 % 2011 2012 2013 2014 2015 2016 2017 2018 Net sales, M€ Net sales guidance, M€ EBITDA -% EBITDA -% -guidance Net sales for 2018 are expected to be EUR 66 – 72 million, and EBITDA is e
Slide 13: Combining agility, usability and data we build modern digital services
Combining agility, usability and data we build modern digital services to improve work and life. The Hedgehog concept guides everything we do.