Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — STAR Conference October 2020
26 slides from Txt E-solutions's conference presentation, October 2020
Slide 1: TXT e-Solutions Corporate Overview
TXT e-Solutions Corporate Overview October 2020
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by TXT e-solutions (“TXT”) and is general background information about TXT’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this prese
Slide 3: Leadership Team
Leadership Team Enrico Magni Misani Daniele Eugenio Forcinito Chairman Group CEO Group CFO A seasoned entrepreneur + 20 years in TXT, strong +20 years experience in the with a solid track record in international background in business Finance and Administration driving companies’ growth, development
Slide 4: Company Overview
Company Overview
Slide 5: TXT Group At a Glance
TXT Group At a Glance PIONEER OF SOFTWARE TECHNOLOGIES, we offer a mix MARGIN EXPANSION of best-in-class proprietary products & specialized services 11.9% FY19 EBITDA margin, +2.4pp YoY 12.6% H1-20 EBITDA margin, +2.3pp H1oH1 30+ YEARS OF EXPERIENCE IN AEROSPACE, defence RECURRING REVENUE GROWTH and
Slide 6: TXT Group's digital foundations
TXT Group’s digital foundations TXT Group’s technological excellence centres enable best-of-breed digital solutions: Real-Time Software Modelling & Simulation Cloud AI / Machine Learning Industrial IoT Blockchain Big Data Analytics Extended Reality We are leveraging our industry know-how and tech-ca
Slide 7: Key Milestones
Key Milestones Swiss digital company FinTech: Start-up focused on FinTech: R.: CHF5mn in FY19 FinTech R.: €3mn in FY17 Banking & Finance M&A R.: €9mn in FY18 FinTech: New start-up for the Aerospace & Aviation RegTech: Innovative Start-up Supply Chain Finance market R.: €7mn in FY15 1989 2000 2016 20
Slide 8: Our transformation path...
Our transformation path... Over the period 2017-2019, M&A contribution was FinTech incidence increased thanks to outmatched by Organic and Software Growth M&A and Organic Growth 59,1 35,9 59,1 8,2 3,5 23% 9,7 20,4 35% 35,9 1,8 8,2 77% 38,7 65% 27,6 FY17 FY17 Organic Software Organic growth M&A Finte
Slide 9: Revenues and Margins Growth
Revenues and Margins Growth Strong Revenues from Software and Profitability Growth Revenues from Software * EBITDA Revenues (€mn) (€mn, % on total revenues) (€mn, % on total revenues) 6,9 7,0 59,1 +65% +73% +102% 35,9 4,00 3,5 11,7% 11,9% 11,2% 9,7% 2017 2019 2017 2019 2017 2019 The perfect mix of o
Slide 10: Interim Results: H1 2020
Interim Results: H1 2020 Results of H1 2020 show a strong growth in Revenues & EBITDA, with software revenues and EBITDA increasing +49% YoY and +45% YoY respectively Revenues from Software EBITDA Revenues (€mn) (€mn, % on total revenues) (€mn, % on total revenues) 32,1 +19% 27,0 4,4 4,0 20,9 +49% +
Slide 11: Business Resilience during COVID-19 outbreak
Business Resilience during COVID-19 outbreak Thanks to the diversification strategy and core processes expertise in different markets and segments, the TXT Group recorded positive trends during the crisis period Resilient businesses Businesses most impacted by crisis +34% +20% +15% -10% +6% H1-19 H1
Slide 12: Business Overview
Business Overview
Slide 13: Diversification
Companies TXT Group’s Divisions Aerospace & Aviation FinTech Startups 65% of FY19’s revenues 35% of FY19’s revenues Core markets Diversification Industrial, Manufacturing, Automotive & Transportation <10% Public Sector, Treasury <5% 13
Slide 14: Aerospace & Aviation
Aerospace & Aviation: Proprietary products, Solutions and Specialized services On-board Software 28% TOP CUSTOMERS Product Development Preliminary Design 7% & Evaluation Product 21% Configuration Customer Engineering & Manufacturing Digital 10% Manufacturing Training & 25% Simulation Aircraft Operat
Slide 15: FinTech
FinTech: New Proprietary Solutions and Platforms, Best-in-class SW quality services Best-in class solutions for: test strategy, development, execution, automation, and First mover & Italian TOP CUSTOMERS Software Quality for test environments administration. leader in Software 75% Services Strong te
Slide 16: Some Examples of TXT's Best-in-class Solutions
Some Examples of TXT’s Best-in-class Solutions Aerospace & Aviation FinTech Anti Money Laundry, Anti- Extended Reality Collaboration & XR Digitisation of daily transactions Corruption, Anti-Terrorism • Pacelab WEAVER: the best-in-class • Product configuration with • Modular software solutions for ri
Slide 17: Growth Strategies
TXT Growth Strategies
Slide 18: An Evolving Offering
An Evolving Offering Historical Activities Extending the Offering We started from specific industry process domain to: • We became Int’l, specialized, multi-niche provider of proprietary engineering platforms delivering worldwide; Offering • develop deep knowledge of different processes in single ni
Slide 19: Growth Strategy - Highlights
Growth Strategy - Highlights • Increased recurring revenue from software licences Retain • > 90% renewal rates • Accelerate innovation with over €30M in R&D over the next 3 years Growth • Scale our domestically and international position • €38M June 30, 2020 Net Cash Position to be invested in: 50%
Slide 20: Summary & Financial Details
Summary & Financial Details TXT
Slide 21: Increasing and solid trading results – Full Year 2019
Increasing and solid trading results – Full Year 2019 € thousand 2019 % 2018 % Var % REVENUES 59,091 100.0 39,957 100.0 47.9 Direct costs 31,824 53.9 22,289 55.8 42.8 GROSS MARGIN 27,267 46.1 17,668 44.2 54.3 Research and Development costs 6,071 10.3 2,990 7.5 103.0 Commercial costs 8,610 14.6 5,603
Slide 22: Strong Balance Structure as at December 31, 2019
Strong Balance Structure as at December 31, 2019 € thousand 31.12.2019 31.12.2018 Var. Intangible assets 24,380 17,751 6,629 Tangible assets 7,929 3,680 4,249 Other fixed assets 2,325 1,511 814 Fixed Assets 34,634 22,942 11,692 Inventories 4,156 3,141 1,015 Trade receivables 19,371 14,029 5,342 Othe
Slide 23: Results H1-2020: solid and increasing results despite Covid-19
Results H1-2020: solid and increasing results despite the Covid-19 Outbreak 23
Slide 24: Strong Balance Structure as at June 30, 2020
Strong Balance Structure as at June 30, 2020 24
Slide 25: Shareholding Structure, Dividends & Shareholder's Return
Shareholding Structure, Dividends & Shareholder‘s Return Dividends and Treasury Shares Repurchase (€m) Shareholding Structure 16,3 A. B. Illa 18 Managers 16 5% 4% 14 4,6 11,7 12 Laserline SpA 1,4 10 27% 8 6,8 1 6 11,7 10,3 3,7 3,7 3,8 4 3,2 3,2 1 0,8 0,3 1,1 0,6 5,8 1,8 0,9 3,5 2 2,1 2,6 2,7 2,9 0,9
Slide 26: Thank you for your attention!
Thank you for your attention! www.txtgroup.com Via Frigia, 27 20126 Milano Italy infofinance@txtgroup.com +39 02 257711 © TXT e-solutions – All rights reserved. Confidential and proprietary document. This document and all information contained herein is the sole property of TXT e-solutions . No inte