Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO

Logo Yazilim Sanayi Ve Ticaret A.s — Q1 2017 Earnings Presentation

16 slides from Logo Yazilim Sanayi Ve Ticaret A.s's earnings presentation, May 9, 2017

  1. Slide 1: 1Q2017 Results Presentation

    1Q2017 RESULTS PRESENTATION Gülnur ANLAŞ CHIEF FINANCIAL OFFICER May 9th, 2017

  2. 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

  3. Slide 3: Content

    Content 1Q17 Operating Highlights Financial Review Questions & Answers

  4. Slide 4: 2016: A Year of Solid Performance & Investments

    2016: A Year of Solid Performance & Investments • Delivered solid financial results: 48% y/y top-line IFRS growth, with EBITDA and net profit growth of 60% and 14% y/y respectively • Completed first cross-border transaction and acquired 100% shareholding in TotalSoft SA in Romania for a consideratio

  5. Slide 5: 2017 Agenda

    2017 Agenda Logo Turkey • No further M&A activity planned in 2017 • Investments in R&D for the development of new products and SaaS infrastructure to continue • New generation web based enterprise level pay as you go product Tiger Wings launched in March 2017 • Logo SOHO launch planned in 4Q of 2017

  6. Slide 6: 2017 Agenda

    2017 Agenda Logo Infosoft, India • Deployment of product, team and channel partners is the main agenda for this year. • Ready DNMS product continued to attract interest from potential new clients. Will initially be targeting companies, who sell via distributors spread thru out the vast geography. Th

  7. Slide 7: 1Q17 Highlights: On Track to Hit Guidance

    1Q17 Highlights: On Track to Hit Guidance • Logo reported a 48% y/y top-line IFRS growth: the first-time consolidation of TotalSoft and continued double-digit growth in invoiced revenues in Turkey contributed to the strong performance. In Turkey, invoiced revenue growth was 11% y/y, and would be 18%

  8. Slide 8: Content

    Content 1Q17 Operating Highlights Financial Review Questions & Answers LOGO General IR Presentation 2014

  9. Slide 9: Financial Summary

    Financial Summary 1Q FY y/y LfL y/y y/y LfL LfL y/y IFRS (mn TL) 1Q16 1Q17 2016* 2017G D 1Q17 D D 2016 2017G D Revenue 36.2 53.6 48% 33.4 -8% 190.4 278.0 46% 163.0 178.0 9% EBITDA 20.3 18.2 -10% 16.5 -18% 86.1 91.0 6% 81.0 85.0 5% EBITDA Margin 56.0% 34.0% 49.5% 45.2% 32.7% 49.7% 47.8% EBT 17.3 11.2

  10. Slide 10: Key Financials

    Key Financials First Quarter Invoices & IFRS Revenues (TLmn) Invoiced Revenues (TLmn) CAGR: 41% +79% • Due to seasonality in our business, first quarter historically represents 18-20% of our full year revenues. 139 • Invoiced revenues were up by 79% y/y to TL53mn, while the figure w/o TotalSoft was

  11. Slide 11: Key Financials

    Key Financials Recurring Invoices (TLmn) Recurring Invoices/Total Invoices (%) CAGR: 70% 100% 90 84 90% 20% 80 73 32% 80% 41% 6% 70 48% 52% 48% 50% 70% 58% 54% 60 18% 48 60% 38% 50 50% 40 +94% 29 40% 80% 30 25 68% 19 30% 59% 52% 48% 52% 50% 20 15 42% 46% 38% 10 20% 10 10% LEM 0 0% Maintenance 2012 2

  12. Slide 12: Key Financials

    Key Financials R&D (TLmn) - As % of IFRS Revenue S&M (TLmn) - As % of IFRS Revenue G&A (TLmn) - As % of IFRS Revenue 27% 33% 45% 17% 18% 16% 9% 10% 11% 60 53.6 60 53.6 60 53.6 50 50 50 40 36.2 36.2 36.2 33.4 40 33.4 40 33.4 30 24.1 30 30 20 20 20 9.7 11.1 8.5 10 10 6.2 6.0 10 6.0 3.2 3.4 0 0 0 1Q16

  13. Slide 13: Key Financials

    Key Financials Balance Sheet Highlights (TLmn) Working Capital (TLmn) 2016 1Q17 D 60% 130 54% Cash & Cash Eq. 43.8 51.9 19% 120 50% 110 Trade Receivables 92.9 80.1 -14% 100 41% 41% Tangible Assets 19.0 19.6 3% 40% 35% 36% 90 35% Intangible Assets* 161.7 167.6 4% 31% 80 29% 77 27% 70 Other Assets 10.

  14. Slide 14: Share Performance

    Share Performance FMO to qua. 2016 Acquisition LoI to purchase 1H16 investors financials TL 3M2014 of 50.1% Total Soft signed financials (Oct 31, 2016) released financials (Apr 4, 2016) released 9M16 (Feb 14, released LoI with stake in 2014 financials 2017) Voluntary (May 12. 1H2014 Intermat financi

  15. Slide 15: Content

    Content 1Q17 Operating Highlights Financial Review Questions & Answers

  16. Slide 16: Thank you for joining us today

    Thank you for joining us today LOGO Investor Relations Team T: +90 262 679 8000 E: investor@logo.com.tr 16

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