Slide 1: Interim Report January–June 2022
I N T E R I M R E P O R T J AN U ARY – J U N E 2 0 2 2 1 5 J U LY 2 0 2 2
Slide 2: Presentation of Addnode Group's Interim report January–June 2022
PRESENTATION OF ADDNODE GROUP’S Interim report January – June 2022 JOHAN ANDERSSON LOTTA JARLERYD CEO CFO johan.andersson@addnodegroup.com lotta.jarleryd@addnodegroup.com +46 70 420 58 31 +46 72 247 92 01 2 INTERIM REPORT JANUARY–JUNE 2022
Slide 3: Agenda Q2 2022
AGENDA Q2 2022 1. Addnode Group 2. Q2 2022 Group Divisions Cash flow and Financial position 3. Sustainability 4. Investment case 5. Q&A 6. Appendix Acquisitions 2022, 2021 and 2020 Sustainability cases Shareholders June 30 and Share performance 2022 3 INTERIM REPORT JANUARY–JUNE 2022
Slide 4: Addnode Group: Digital Solutions for a Sustainable Future
ADDNODE GROUP Digital Solutions for a Sustainable Future We create sustainable growth in value by acquiring and developing cutting edge enterprises that digitalise society. R12 Q2 2022 (Full year 2021) Design Management – smarter design, construction, and management of products, buildings, assets an
Slide 5: International presence June 2022
ADDNODE GROUP International presence 30 June 2022 Geographic sales distribution, R12 Q2 2022 Denmark US Other 1% 9% 4% Netherlands Sweden 2% 38% Finland 4% Norway 7% Germany UK 12% 23% 5 INTERIM REPORT JANUARY–JUNE 2022
Slide 6: Q2 – Strong progress in all divisions
ADDNODE GROUP Q2 – Strong progress in all divisions Highlights Net sales increased by 49% to SEK 1,489 m, Q2 Q2 Rolling 2022 2021 Change 12m currency adjusted organic growth 11% Net sales, SEK M 1,489 1,002 49% 4,854 EBITA was up by 57% to SEK 154 m EBITA, SEK M 154 98 57% 590 Earnings per share ros
Slide 7: Continued growth in recurring revenue, +56% in Q2 (YoY)
ADDNODE GROUP Continued growth in recurring revenue, +56% in Q2 (YoY) Breakdown of net sales, Q2 2018–2022 Breakdown of net sales, Q2 2022 SEK m 1% 1 600 1,489 1 400 67 5% 1 200 26% 1,002 1 000 62 864 846 1 019 56 43 800 717 68 600 653 538 553 395 400 68% 200 259 271 386 242 239 12 11 11 16 17 0 201
Slide 8: Three Divisions Q2 2022
THREE DIVISIONS Q2 2022 Share of net sales* Share of EBITA* Process Management, Process 20% Management, 33% Design Design Management, Product Management, 47% Lifecycle 54% Management, Product 26% Lifecycle Management, 20% Addnode Group Net sales Q2 2022: SEK 1,489 m Addnode Group EBITA Q2 2022: SEK
Slide 9: Design Management: Continued strong market drives record quarter
DESIGN MANAGEMENT Continued strong market drives record quarter Highlights Q2 Q2 Rolling Net sales increased by 84% to SEK 806 m, currency 2022 2021 Change 12m adjusted organic growth 15% Net sales, SEK M 806 439 84% 2,393 EBITA increased to SEK 80 m (40), and the EBITA EBITA, SEK M 80 40 100% 272 m
Slide 10: Product Lifecycle Management: Strong market position continues to support growth
PRODUCT LIFECYCLE MANAGEMENT Strong market position continues to support growth Highlights Q2 Q2 Rolling Net sales increased by 32% to SEK 394, currency 2022 2021 Change 12m adjusted organic growth 9% Net sales, SEK M 394 299 32% 1,377 EBITA increased to SEK 35 m (27), and the EBITA EBITA, SEK M 35
Slide 11: Process Management: Continues to outgrow the market in leading segments
PROCESS MANAGEMENT Continues to outgrow the market in leading segments Highlights Q2 Q2 Rolling Net sales increased by 11% to SEK 297, organic 2022 2021 Change 12m growth 9% Net sales, SEK M 297 268 11% 1,112 The division is outgrowing the market in those operations EBITA, SEK M 56 48 17% 224 provid
Slide 12: Process Management: Acquisition of Decisive
PROCESS MANAGEMENT Acquisition of Decisive Sales of SEK 57 m, 25 employees Founded in 2003 by the company’s current CEO Digital rule-based decision-management systems Examples of extensive and long-term customers: Helsedirektoratet, NAV, Skattetaten The acquisition was financed through existing cred
Slide 13: Consolidated Cash Flow Q2, 2022
CONSOLIDATED CASH FLOW Q2, 2022 Q2 Q2 YTD Jun YTD Jun Cash flow, SEK m 2022 2021 Change 2022 2021 Change Operating profit 101 59 42 235 132 103 Adjustments for non-cash items 79 53 26 124 97 27 Other -31 -22 -9 -61 -38 -23 Cash flow from operations before working capital changes 149 90 59 298 191 10
Slide 14: Consolidated Financial Position June 30, 2022
CONSOLIDATED FINANCIAL POSITION June 30, 2022 Jun 30, Jun 30, Dec 31, Balance sheet, SEK m 2022 2021 Change 2021 Change Intangible non-current assets 3 385 2 561 824 2 574 811 Other non-current assets 335 206 129 210 125 Current receivables 1 259 870 389 1 132 127 Cash and cash equivalents 597 475 1
Slide 15: Sustainability Agenda
SUSTAINABILITY AGENDA ❶ ❷ ❸ ❹ Digital solutions that Care for people and The way we work with Long-term financial contribute to the planet in our own our partners and viability’ sustainable operations suppliers development 5 Sustainability managment and governance 15 INTERIM REPORT JANUARY–JUNE 2022
Slide 16: Addnode Group as an Investment
ADDNODE GROUP AS AN INVESTMENT ❶ ❷ ❸ ❹ Acquisition driven growth Sustainable digital solutions Attractive business model Diversification spreads risk Our strategy is to create value by We provide digital solutions for High share of recurring revenues. We are active in numerous continuously acquiring
Slide 17: Q&A
Q&A 17 INTERIM REPORT JANUARY–JUNE 2022
Slide 18: Appendix
APPENDIX 18 INTERIM REPORT JANUARY–JUNE 2022
Slide 19: Acquisitions 2022 YTD
ACQUISITIONS 2022 YTD Claytex Desys Microdesk Decisive Claytex specializes in advanced DESYS service offering is based Microdesk is a Platinum partner Rule-based decision manageent simulation and virtual testing, on Dassault Systèmes’ platform, to Autodesk and provides con- systems. Assists customer
Slide 20: Acquisitions 2021
ACQUISITIONS 2021 S-Group Solutions Elpool Procad Budsoft Specialised in business- Develops digital solutions Autodesk partner and a Budsoft is a Poland related GIS solutions for that offers many features that trusted advisor to many of based, Dassault Systèmes municipalities, water and is used by p
Slide 21: Acquisitions 2020
ACQUISITIONS 2020 Excitech Unizite Netpublicator Scanscot Technology Largest Autodesk partner in UK Norwegian developer of a Develops digital services for Swedish Dassault Systèmes market and leading provider of mobile field tool that makes efficient document and meeting partner. Nordic leader in de
Slide 22: Design Management Case: Microdesk USA
DESIGN MANAGEMENT Case: Microdesk USA Microdesk has worked together with Build Heath International (BHI) and the Autodesk Foundation to design the maternity centre at Koidu Government Hospital in Sierra Leone, Africa. The design required extensive analyses regarding energy, daylighting, local weathe
Slide 23: Product Lifecycle Management Case: Technia USA
PRODUCT LIFECYCLE MANAGEMENT Case: Technia USA CoorsTek is a global manufacturer of technical ceramics for industries like renewable energy, life science and automotives. TECHNIA supports CoorsTek with a global enterprise solution based on Dassault Systèmes 3DEXPERIENCE platform and its own TECHNIA
Slide 24: Process Management Case: Ida Infront AB
PROCESS MANAGEMENT Case: Ida Infront AB Ida Infront's solution iipax, an efficient case management system, handles complex decision-making processes and is easy to configure. The result for citizens and companies is short processing times and a high level of service. The Swedish Energy Agency uses i
Slide 25: Shareholders June 30, 2022
SHAREHOLDERS June 30, 2022 Share Voting Shares class A Shares class B capital, % rights, % Aretro Capital Group AB 2 041 328 5 198 496 5,4 15,1 Verg AB 1 446 668 1,1 8,5 SEB Investment Management 10 532 623 7,8 6,2 Lannebo Fonder 9 381 598 7,0 5,5 Swedbank Robur Fonder 9 120 357 6,8 5,4 Aeternum Cap
Slide 26: Addnode Group Share Price Development YTD
ADDNODE GROUP, SHARE PRICE DEVELOPMENT YTD (2022-07-07) 21-12-30 22-07-07 Change % Addnode Group 107.25 87.95 -18.0 Nasdaq Stockholm 1,037.14 772.23 -25.5 May 17 first day of trading after share split 4:1. June 1 Addnode Group was added to the index Stockholm Benchmark. Managements shareholdings Joh
Slide 27: Thank You!
THANK YOU! ADDNODE GROUP ACQUIRES, OPERATES AND DEVELOPS CUTTING EDGE ENTERPRISES THAT DIGITALISE SOCIETY Interim Report January–June 2022 2