Slide 1: Spyrosoft Group Financial results for 1Q 2024
Spyrosoft Group Financial results for 1Q 2024 27 May 2024 Spyrosoft Group © 2024 www.spyro-soft.com
Slide 2: Agenda
Agenda 1 Summary of key events 2 Financial results for 1Q 2024. 3 Prospects Financial results for 1Q 2024 www.spyro-soft.com
Slide 3: 1. Summary of key events
1. Summary of key events Financial results for 1Q 2024 www.spyro-soft.com
Slide 4: Key facts 1Q 2024
Key facts 1Q 2024 Revenue grew at +3.8% y/y, Diversified revenue: 88% of our revenue derived from to PLN 108.4m The UK and DACH remain the contracts with foreign clients. • Result achieved within an leading markets, followed by environment of a further slowdown Poland, the US and Scandinavia. in the
Slide 5: Employment at a stable level
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Slide 6: Our offices
Our offices Argentina Poland • Buenos Aires • Wrocław • Kraków Croatia • Warsaw • Białystok • Zagreb • Szczecin • Osijek • Łódź Germany Romania • Stuttgart • Timişoara • Braunschweig UK India • Bournemouth • Hyderabad • London • Manchester Norway • Newcastle • Bergen • Edinburgh US • Ann Arbor • Pit
Slide 7: Business sectors
Business sectors Automotive HR Tech & Edu Tech Financial Services Geospatial Services Healthcare & Life Sciences Industry 4.0 Robotics Retail
Slide 8: Peer group
Peer group RESULTS 1Q 2024 FORECASTS 2Q 2024 FORECASTS 2024 EMPLOYMENT OPERATING REVENUE GROWTH OPERATING PROFIT EPS GROWTH REVENUE GROWTH EPS GROWTH REVENUE EPS GROWTH COMPANY GROWTH PROFIT GROWTH Y/Y, % GROWTH Y/Y, % Y/Y, % Y/Y, % Y/Y, % GROWTH Y/Y, % Y/Y, % Q/Q, % Y/Y,% EPAM Systems -1 -4 -3 0 -3
Slide 9: 2. Financial results for 1Q 2024
2. Financial results for 1Q 2024 Financial results for 1Q 2024 www.spyro-soft.com
Slide 10: Revenue 1Q 2024 (PLNm)
Revenue 1Q 2024 (PLNm) revenue • The Spyrosoft Group generated consolidated revenue in 1Q 2024 of PLN 1Q 2023 vs. 1Q 2024 108.4m (+3.8% y/y). • Effects of a high base from 1Q 2023. 250 • In the last quarter all growth was organic. 200 • Further growth in the scale of operations remains a priority fo
Slide 11: Revenue in 2022-2026 (PLNm)
Revenue in 2022-2026 (PLNm) 800 Revenue CAGR 700 600 500 400 300 200 100 0 2020 2021 2022 2023 2024P 2025P 2026P Revenue Revenue 25% CAGR Revenue 35% CAGR Financial results for 1Q 2024 www.spyro-soft.com
Slide 12: EBITDA 1Q 2024 (PLNm)
EBITDA 1Q 2024 (PLNm) EBITDA 1Q 2023 vs. 1Q 2024 • The EBITDA result for 1Q 2024 was PLN 11.8m, a decline of 7.4% y/y. 60 • The EBITDA margin was 10.9%, as compared to 12.2% in 1Q 2023: 45 • Negative impact of the strong zloty: at the exchange rate from 31 March 2023, the EBITDA margin in 1Q 2024 wo
Slide 13: Net profit 1Q 2024 (PLNm)
Net profit 1Q 2024 (PLNm) Net profit 1Q 2023 vs. 1Q 2024 • The group earned a net profit in 1Q 2024 of PLN 3.4m, 41.0% less than in 1Q 2023. 25 • In 1Q 2024 there was clear growth in the profit of minority interests (+34.5% y/y)—the net result in 1Q 2024 improved in companies belonging to the group
Slide 14: Statement of results 1Q 2024
Statement of results 1Q 2024 Statement of results (PLNm) 1Q 2023 1Q 2024 % change y/y Net revenue from sale of products and services 104.41 108.43 +3.8% Costs of sold products, services, goods and 68.51 74.77 +9.1% materials Gross profit on sales 35.90 33.66 -6.2% Costs of general management and sal
Slide 15: Revenue structure: sectors
Revenue structure: sectors Healthcare & Life Retail Healthcare & Life Science 2% Robotics Other Science 2% 2% 3% Robotics 2% 6% Connectivity & Automotive Automotive Industry Connectivity & 31% 25% Automation Industry Automation 4% 6% Legal Tech Legal Tech 5% 5% 1Q 2024 revenue 1Q 2023 revenue Indust
Slide 16: Revenue by sector (PLNm)
Revenue by sector (PLNm) 40,00 35,00 33,87 30,00 • Clear growth in revenue in automotive— 1Q 2023 1Q 2024 winning a new client from the US, along with 25,10 25,00 growth in orders from existing clients (e.g. Magna) 20,90 20,00 15,00 14,60 12,50 11,58 10,88 11,03 9,76 10,00 8,78 7,30 7,30 6,49 6,35 5
Slide 17: Revenue structure: geography
Revenue structure: geography Other Other 4% 5% Scandinavia 4,5 mln zł Scandinavia 5,0 mln zł 9% 7% 9,8 mln zł 8,0 mln zł DACH DACH 29% 39% 30,5 mln zł 42,6 mln zł USA USA 13% 12% 14,0 mln zł 1Q 2023 revenue 13,2 mln zł 1Q 2024 revenue PLN 104.4m PLN 108.4m Poland Poland 16% UK 12% 16,6 mln zł 28% 13
Slide 18: 3. Prospects
3. Prospects Financial results for 1Q 2024 www.spyro-soft.com
Slide 19: Prospects for the upcoming quarters
Prospects for the upcoming quarters Automotive HR Tech Financial Geospatial Healthcare Industry 4.0 Legal Tech Media Robotics Retail Services • Spyrosoft’s prospects for business growth on the principal markets served by the group remain stable. • Clients’ interest in, and demand for, AI-based solut
Slide 20: Thank you for your attention
Thank you for your attention Investor relations contact: Joanna Brewińska, NBS Communications +48 502 255 415 spyrosoft@nbs.com.pl www.spyro-soft.com www.spyro-soft.com
Slide 21: Legal disclaimer
Legal disclaimer This presentation has been prepared by Spyrosoft S.A. (the “Company”). The data and information contained in the presentation do not represent a complete or consistent financial analysis, forecast or estimation of results and are for information purposes only. Information contained