Dhh S.p.a · MIL:DHH
Dhh — Investor Presentation (May 2025)
30 slides from Dhh's investor presentation, May 2025
Slide 1: Next-generation internet infrastructure
Next-generation internet infrastructure May 2025
Slide 2: About us
About us DHH S.p.A. (DHH.MI) (ISIN shares IT0005203622) is dedicated to reshaping internet infrastructure by integrating next-generation technology and artificial intelligence.
Slide 3: From startup to publicly listed multinational in the European internet infrastructure industry
35,9 33,7 From startup to publicly listed multinational 28,6 in the European internet infrastructure industry 19,6 12,01 10,4 9,2 6,8 6,9 7,4 5,3 6 3,5 3,9 1,8 0.0 0,4 0,5 0,5 0,5 July 2015 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (million EUR) Net sales EBITDA
Slide 4: Key performance indicators (KPIs)
KPIs – 3 YEAR CAGR Total revenue Gross margin EBITDA EBT Strong sales growth reflects Solid income growth, Higher operational efficiency Efficient cost control, successful market expansion. demonstrating effective with increased profitability ensuring healthy profit sales cost management. across pro
Slide 5: Recurring revenue, operating cash flow, distributed customer base
Recurring revenue Operating cash flow Distributed customer base of Most of our turnover is recurring, providing High operating cash flow enhances financial A distributed customer base reduces revenue predictable income, better financial planning, flexibility, allowing for reinvestment, debt risk, en
Slide 6: Core business
Core business We provide comprehensive internet infrastructure services, helping businesses manage and expand their digital presence. Our offerings include cloud computing, cloud hosting, business connectivity, datacenter & networking, and Al infrastructure, all available through subscription models
Slide 7: Integrated internet infrastructure technologies
Cloud Computing Cloud Hosting Business Connectivity Datacenter & Networking What It Is: Cloud computing delivers on- What It Is: Cloud hosting uses a network of What It Is: Business connectivity refers What It Is: Datacenters house computing demand resources like servers, storage, and interconnected
Slide 8: Target markets with significant growth prospects
Our internet infrastructure technologies, including cloud computing, cloud hosting, business connectivity, datacenter and networking, and AI infrastructure, target high-potential markets with significant growth prospects. Cloud Computing Cloud Hosting Business Connectivity Datacenter & Networking Th
Slide 9: Competing against global and local firms and how we differentiate
As a regional player in the Mediterranean area, we compete against global and local firms in cloud computing, cloud hosting, business connectivity, datacenter & networking, and AI infrastructure. Here’s how we differentiate ourselves in each segment. Cloud Computing Cloud Hosting Business Connectivi
Slide 10: Our organization model
Our organization model We are structured as a group of independent entities coordinated by a holding company that provides strategic guidance, governance, and oversees administration and finance, while allowing each company to remain operationally autonomous. This decentralized organization promotes
Slide 11: Benefits of the decentralized model: agility, empowerment, entrepreneurship
Agility and Responsiveness: Decentralized organizations can quickly adapt to local market changes and customer needs, as decision-making occurs at the local level, fostering flexibility and innovation. Empowerment of Local Leaders: By granting autonomy, decentralized organizations empower local lead
Slide 12: Accelerated innovation and knowledge sharing
Accelerated Innovation: Sharing successful strategies and technologies across companies speeds up innovation and collective improvement. Efficient Problem-Solving: Learning from each other’s challenges reduces trial and error, making problem-solving more efficient. Enhanced Competitiveness: Access t
Slide 13: Minority stakes
87 50 Minority stakes: Icona Technology SpA – 6,33% Sync srl in liquidation – 3,21%
Slide 14: Growth strategy
Growth strategy
Slide 15: Improving organic growth through marketing and product innovation
We improve the organic growth of our portfolio companies working on marketing and product innovation: Increasing ARPU through Premium Products: We focus on expanding our value proposition by shifting towards premium, value-added products within a higher price range. This strategy aims to provide cus
Slide 16: Acquisitions are a key component of DHH's strategy
Acquisitions are a key component of DHH's strategy, supported by strong cash flow generation. Value Creation Through Expansion Deals We aim to significantly enhance the intrinsic value of acquired companies shortly after the acquisition, focusing on: Fair Valuation: Accurate Financial Representation
Slide 17: Acquisition criteria: expansion, consolidation, start-ups
Criteria 1. Expansion 2. Consolidation 3. Start-ups Objective Entering in new geographies, or Increasing market share in the current Investing at least EUR 1M in worldwide expanding into contiguous market company's reference market, acquiring innovative segments by acquiring growing and cash small t
Slide 18: Key financials
Key financials
Slide 19: Steady double-digit growth since foundation
Business has been steadily growing at double digit rate since foundation from EUR 4M turnover as of FY16 to roughly EUR 37M in FY24, thanks to the multidimensional – internal & external - approach to growth, and to the overall improvement of industry KPIs, which led to a customer base of tens of tho
Slide 20: Growth in a challenging environment
The company keeps growing in a challenging environment (Net Sales at EUR 35,9M, +7% YoY ), EBITDA is growing even more than proportionally (EUR 12M, +15% YoY), Subscription based business model generates sound Operating Cash Flow (EUR 9,1M, EBITDA Cash conversion rate at 76%) and Financial structure
Slide 21: Consolidated Net Sales
Consolidated Net Sales: Increased to EUR 35,9M in FY24 from EUR 33,7M in FY23, marking a growth of 7%. This increase is attributed mainly to: • A 5% rise in the Cloud Computing segment, contributing EUR 14M to total revenue (39% of total turnover). The sales performance of cloud servers, together wi
Slide 22: Consolidated EBITDA, EBT and Net Profit
Consolidated EBITDA: Consolidated EBT and Net Profit: Increased from EUR 10M in FY23 to Both indicators substantially grew in EUR 12M in FY24 with an EBITDA FY24. Consolidated EBT rose from margin of 33%. EUR 4M to EUR 5,8M, while This improvement reflects the scalability Consolidated Net Profit inc
Slide 23: Teknonet acquisition
Company Overview Transaction Overview Key Financials (2024) Strategic Rationale • Teknonet is a Managed Service • Acquisition of 60% of Teknonet • €4,2 million in revenue. • Entry into the managed Provider (MSP) founded in completed in April 2025. • €922.783 EBITDA. services market with a 2005 and b
Slide 24: Shareholder structure
Tamara Arduini CFO of DHH and CFO of Free float Antonio Domenico 1.266.034 shares Baldassarra 24,17% 1.758.853 shares Antonio Baldassarra CEO of DHH 33,58% Founder and CEO of Treasury shares 40.345 shares Emanuela Compagnone Non-executive director of DHH 0,77% Alkemia SGR S.p.A. 5,33% “PIPE” fund (*
Slide 25: Annual Sustainability Report
Since 2021, the company has published an annual Sustainability Report, providing insights into its environmental and social sustainability efforts. This Sustainability Report covers the period from January 1, 2024, to December 31, 2024, and has been prepared with reference to the Global Reporting In
Slide 26: Stock details, financial calendar, contacts
Stock details Financial calendar Contacts List of parties • Listing Euronext Growth Milan • May 22, 2025 Address: • Euronext Growth Advisor Board of Directors meeting via Caldera 21, 20153 Milan EnVent Italia SIM S.p.A. reviewing the quarterly results • ISIN ordinary shares (1Q2025) Phone: • SPECIAL
Slide 27: Appendix
Appendix
Slide 28: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT CONSOLIDATED CONSOLIDATED DELTA (All amounts are in EURO) 31.12.2024 31.12.2023 Net Sales 35.890.208 33.677.297 7% Other Revenues 1.227.789 950.007 29% TOTAL REVENUES 37.117.998 34.627.305 7% Material costs (2.625.634) (2.020.407) 30% Service costs and use of third part
Slide 29: Consolidated Net Financial Position
CONSOLIDATED NET FINANCIAL POSITION CONSOLIDATED CONSOLIDATED DELTA (All amounts are in EURO) 31.12.2024 31.12.2023 A. Cash 13.102.910 10.193.810 29% B. Cash equivalents - - C. Other current financial assets 204.934 204.353 0% D. LIQUIDITY (A) + (B) + (C) 13.307.844 10.398.163 28% E. Current financi
Slide 30: Cash Flow Statement
CASH FLOW STATEMENT CONSOLIDATED CONSOLIDATED DELTA (All amounts are in EURO) 31.12.2024 31.12.2023 A. CASH FLOW FROM OPERATING ACTIVITIES Profit for period 3.701.442 2.227.701 66% Income taxes 2.106.688 1.853.911 14% Interest payables/(receivables) 822.942 797.547 3% (Capital losses)/gains from sal