Snp Schneider-neureither & Partner Se · XETR:SHF
Snp Schneider-neureither & Partner — H1 2022 Earnings Presentation
26 slides from Snp Schneider-neureither & Partner's earnings presentation, August 2022
Slide 1: Elevate Digital Transformation – Analyst & Investor Call HY1 2022
ELEVATE DIGITAL TRANSFORMATION Analyst & Investor Call HY1 2022 Results SNP I The Data Transformation Company
Slide 2: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 3: HY1 2022 – Key figures
HY1 2022 – Key figures Group Revenue: € 83.3m Partner Revenue: € 23.0m Order Entry: € 82.6m +10% +59% -10% (Like-for-like: +14%) (Like-for-like: +4%) Service Revenue (incl. EXA): € 59.5m Software Revenue (incl. EXA): € 23.8m EBIT: € 1.8m +14% +1% +2.9m (Considering upfront licensing (Like-for-like:
Slide 4: HY1 2022 – Highlights
HY1 2022 – Highlights New generation of CrystalBridge software platform launched – product portfolio strengthened in data analytics, cloud integration and connectivity, and data management. . Successful client event “Transformation World” in Heidelberg with 700 participants. Datavard integration lar
Slide 5: Order Entry and Revenue by Region HY1 2022
Order Entry and Revenue by Region HY1 2022 – Book-to-bill: 0.99 Order Entry Revenue (in €m) (in €m) UKI UKI JAPAC JAPAC 3.3 3.7 (+18%) (+9%) 7.5 7.1 (+14%) (+87%) USA 8.1 USA 10.6 (+56%) (+86%) € 82.6m € 83.3m CEU CEU (-10%)* (+10%)* 49.8 13.3 50.5 (+30%) (+24%) (+10%) 12.2 (+24%) LATAM LATAM * Foll
Slide 6: Strong Development Partner Business
Strong Development Partner Business Order Entry Partner > Strategic partnerships with 13 of (in €m without upfront deals) the world's 20 largest IT consulting Comments 20.0 companies. > Over 100 partner projects live and > Deconsolidation 100% success rate. effects of SNP 17.2 Poland and acquisition
Slide 7: Partners
Partners Technology Market – Sales & Service Global (12) Regional (39) ”SNP's solution 'Cloud Move for Azure' offers our customers a ”Thanks to the cooperation with SNP, we offer our customers fast and secure path to the Azure Cloud. SNP has many years the perfect basis for their transformation proj
Slide 8: Headcount Evolution
Headcount Evolution Headcount split by function HY1 2022 Admin Students -12 1,335 1,323 & Trainees 2% Marketing 17% & Sales R&D 14% 14% 1,323 Organic 54% 2021 changes H1 2022 Consulting © 2022 SNP I The Data Transformation Company – www.snpgroup.com |8
Slide 9: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 10: Revenue Bridge HY1 2022
Revenue Bridge HY1 2022 Revenue (in €m) Comments > Turnover EXA only included before its acquisition date of +10.4 -12.8 +10.1 March 1, 2021. (+13.7%) (-16.9%) (+13.3%) > Organic revenue increase of 13.3% shows strong business development. 75.7 83.3 HY1 2021 EXA AG & SNP Organic HY1 2022 (reported)
Slide 11: Revenue and EBIT since HY1 2018
Revenue and EBIT since HY1 2018 Revenue EBIT Comments (in €m) (in €m) > Highest HY1-revenue in 83.3 company’s history. 1.8 75.7 68.7 65.0 -1.1 > First positive EBIT in HY1 since 58.9 year 2016. > On track to reach strong results for full year 2022. -4.9 -6.0 -5.9 HY1 HY1 HY1 HY1 HY1 HY1 HY1 HY1 HY1
Slide 12: Income Statement Q2 / HY1 2022
Income Statement Q2 / HY1 2022 Comments (in €m) Q2 2022 Q2 2021 Δ (abs.) HY1 2022 HY1 2021 Δ (abs.) Revenue 42.3 42.6 -0.3 83.3 75.7 +7.6 > Group revenue increase of 10% mainly driven by growing Gross profit 37.0 36.0 +1.0 72.5 63.8 +8.7 service sales due to higher Personal expenses -27.3 -26.6 -0.7
Slide 13: Segment Service – Revenue & EBIT Q2 / HY1 2022
Segment Service* – Revenue & EBIT Q2 / HY1 2022 Revenue EBIT Comments (in €m) +13% (in €m) > Service segment with steady 54.9 topline due to good order 48.5 backlog and increased utilization. > Operating profit with positive +82% n/a +8% development especially in Q2. > EBIT margin went up to 1.9% 1.
Slide 14: Segment Software – Revenue & EBIT Q2 / HY1 2022
Segment Software* – Revenue & EBIT Q2 / HY1 2022 Revenue EBIT Comments (in €m) 0% (in €m) > Software segment revenue 23.5 23.5 at previous year's level with improved operating margins (28.5% to 23.9% HY1/HY1). -17% > Q2-on-Q2 Software revenue +20% down as a result of adapted 13.8 partner contract po
Slide 15: Segment EXA – Revenue & EBIT Q2 / HY1 2022
Segment EXA – Revenue & EBIT Q2 / HY1 2022 Revenue EBIT Comments (in €m) (in €m) > EXA was consolidated for the first time in March 2021. +39% Therefore, the half-year comparison not meaningful. 5.0 > Q2-on-Q2 EXA revenue and profit stable. 3.6 +4% -30% 2.5 2.6 0% 1.0 0.7 0.5 0.5 Q2 2021 Q2 2022 H1
Slide 16: Order Entry Q2 / HY1 and Order Backlog
Order Entry Q2 / HY1 2021 and Order Backlog Comments Order Entry Order Backlog > With relatively stable q2 order (in m€ ) (in m€) entry down 10% (HY1/HY1) – -10% -2% explanations: 132.8 130.1 (1) scope of consolidation; the 4.3 91.9 EXA 4.5 like-for-like order entry volume 3.0 82.6 increased by 3.3
Slide 17: Reconciliation Order Backlog HY1 2022
Reconciliation Order Backlog HY1 2022 (in €m) Comments 82.6 83.3 > Lower order backlog as of June 30, 2022, resulting mainly from Book-to-bill- Ratio slightly below 1 (0.99). 135.3 -0.5 -4.0 > Slightly negative effect from 130.1 volume adjustments. > Small negative currency effects. > Order Entry in
Slide 18: Balance sheet structure I/II
Balance sheet structure I/II Assets (in €m) Jun 30, 2022 Dec 31, 2021 Comments Cash, cash equivalents and other financial assets 24.6 40.3 > Decreased liquidity due to Receivables 36.8 33.8 purchase price payments for Datavard AG and EXA AG Contract assets 38.4 29.9 (totaling around € 5 m) and Other
Slide 19: Balance sheet structure II/II
Balance sheet structure II/II Equity & Liabilities (in €m) Jun 30, 2022 Dec 31, 2021 Comments Payables 7.0 8.3 > Decreased current liabilities Contract liabilities 12.0 10.7 and increased noncurrent liabilities. Current financial liabilities 14.5 41.0 > Both of these changes mainly Other non-financi
Slide 20: Cash flow Statement Q2 / HY1 2022
Cash flow Statement Q2 / HY1 2022 Comments (in €m) Q2 2022 Q2 2021 Δ (abs.) HY1 2022 HY1 2021 Δ (abs.) Net income 0.7 0.4 +0.3 0.1 -2.1 +2.2 > Higher trade receivables and contract assets lead to Depreciation 2.7 2.2 +0.5 5.3 4.0 +1.3 an increase in working capital. Change in W/C -9.3 -12.4 +3.1 -11
Slide 21: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 22: 2022 outlook & 2024 mid-term goals
2022 outlook & 2024 mid-term goals 2024 2022 2021 > Group Revenue > € 230m > Revenue share: > Growth in Group Order Entry Segment Software expected to > Group Order Entry: € 192.1m grow above group level > Group Revenue: > Group Revenue: € 167.0m / € 170m to € 190m > Group EBIT margin: € 160.0m (lik
Slide 23: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 24: We are happy to take your questions!
WE ARE HAPPY TO TAKE YOUR QUESTIONS! | 24
Slide 25: Financial Calendar 2022
Financial Calendar 2022 Mar 30, 2022 Publication of the Annual Report 2021 Apr 28, 2022 Publication of the Interim Statement Q1 2022 Jun 2, 2022 Annual General Meeting 2022 Aug 10, 2022 Publication of the Half-Year Financial Report 2022 Oct 27, 2022 Publication of the Interim Statement Q3 2022 © 202
Slide 26: Thank you for your time
Thank you for your time SNP Schneider-Neureither & Partner SE Speyerer Str. 4 69121 Heidelberg Germany Marcel Wiskow, Director IR +49 6221 64 25 – 637 Investor.relations@snpgroup.com © 2022 SNP I The Data Transformation Company – www.snpgroup.com
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