Nedap N.v · EURONEXT:NEDAP
Nedap — Investor Presentation (September 2021)
32 slides from Nedap's investor presentation, September 2021
Slide 1: Investor Presentation September 2021
U Nedap Investor Presentation September 2021
Slide 2: Forward-looking statements
Any forward-looking statements in this presentation refer to future events and may be expressed in a variety of ways, such as “expects”, “projects”, “anticipates”, “intends” or other similar words (“Forward-looking statements”). Nedap N.V. (“Nedap”) has based these forward-looking statements on its
Slide 3: Contents
Nedap at a Glance Nedap Investment Proposition Key Figures 05 Key Facts 14 Investment Proposition 24 Key Figures 06 Board of Directors 15 Financial Track Record 16 Financial Targets Financial Updates Strategy 17 Nedap Share 26 Highlights 2020 08 Technology for Life 27 Half-year 2021 results 09 Strat
Slide 4: Nedap at a Glance
Nedap at a Glance
Slide 5: Key Facts
Revenue (2020) Founded in Listed since High-tech company Creating hardware € 189.9 million 1929 1947 & software Market Cap (31-12-2020) 800± € 341 million employees 4 core technologies Leading positions in 7 Operating Profit selected niche (2020) markets € 17.1 million Headquarters in Groenlo, ROIC
Slide 6: Board of Directors
Ruben Wegman (1966, CEO) Joined Nedap in 1997, CEO since 2009 − Nedap board member since 2002 − Several management positions at Nedap since 1997 − Started career at Shell − Graduated in Computer Sciences − Various executive programs, including INSEAD and IMD Daniëlle van der Sluijs (1972, CFO) Joine
Slide 7: Slide 7
Slide 8: Technology for Life
• Nedap focuses on the development and supply of Technology for Life: technological solutions that make people more comfortable and successful in their professional lives. • The starting point is always ‘first people, then technology’. What we develop and create must be of added value for people – w
Slide 9: Building winning platforms
Focus on 4 core technologies Deep insights in 7 niche markets Building winning platforms 1. Connected devices 1. Healthcare 2. Communications technology 2. Identification Systems 3. Software architecture 3. Light Controls 4. User eXperience 4. Livestock Management 5. Retail 6. Security Management 7.
Slide 10: Evolving from hardware manufacturer to provider of scalable propositions
Evolving from hardware manufacturer to provider of scalable and proprietary propositions High-end hardware Investments in scalable and Increased focus and Building winning manufacturing company proprietary propositions restructuring platforms •Entrepreneurial culture •Increased investments in •Outso
Slide 11: Shared value creation
• Nedap’s shared value creation in the markets where Nedap participates • value for people, the environment and society • healthy financial results. • Focus on long term commercial success and our intrinsic motivation to do this in sustainable way will reinforce each other. • Sustainable impact by c
Slide 12: Overview Business Units
Business units Size* Market (focus) Solutions Competitive position Typology Growth driver Market Healthcare 10-20% Long term care providers Electronic Health Record cloud • #1 in elderly care, scale-up • Entering new verticals NL solution for administrative, logistic • #1 in disabled care scale-up •
Slide 13: Nedap Investment Proposition
Nedap Investment Proposition j:nedap
Slide 14: Investment Proposition
• Focus on 4 core technologies and 7 niche markets offers opportunities to build winning platforms • Track-record of autonomous growth by creating scalable and proprietary propositions • High and growing added value per FTE driven by our entrepreneurial culture • Growth in margins and recurring soft
Slide 15: Financial Targets towards 2025
Towards 2025: • an autonomous high-single-digit revenue growth • a growing operating margin towards 15% (excluding one-offs) • return on invested capital (ROIC) that outgrows profitability Our defined financial ambitions are based on the assumption that the Covid-19 pandemic will be controlled durin
Slide 16: Financial Track Record
Revenue Operating profit (excl one-offs) Strong Financial Position +5% 21 11% 80% 0,8 195 0% 25% -1% 190 10% 0,6 20% 185 +12% 17 60% 0,4 9% 180 15% 0,2 175 13 8% 40% 0 170 10% 7% 20% -0,2 165 9 5% 6% 160 -0,4 155 0% 5 5% 0% -0,6 In €m 2017 2018 2019 2020 In €m 2017 2018 2019 2020 2017 2018 2019 2020
Slide 17: The Nedap Share
Overview of notifications major shareholdings AFM* Shareholder Stake in Nedap Cross Options Beheer B.V. 14.61% Share price development Teslin Participaties Coöperatief U.A. 10.19% € 70 Kempen Capital Management N.V. 10.00% € 65 NN Group NV. 9.97% € 60 ASR Nederland N.V. 8.20% € 55 € 50 Decico B.V. 5
Slide 18: Business Cases – Examples
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Slide 19: !D Cloud
!D Cloud Merchandise simply available We observe concepts, Nedap has created !D ecosystem of Clients Fashion retailers have great Cloud. This solution gives implementation and technology difficulty in keeping an accurate fashion retailers detailed insight partners, Nedap !D Cloud can overview of the
Slide 20: AEOS
AEOS Security above everything We observe security platform that focuses system. Nedap has gained a Clients More and more organisations on ease of use. By combining a leading European position in the are struggling with the sharply diversity of smart software security management market for increasin
Slide 21: Where is Bertha 128?
Where is Bertha 128? We observe information based on collected relevant for every type of dairy Clients The market for dairy farming is essential animal data. This farm worldwide. Thanks to the changing rapidly: Scaling up is a solution contributes to higher distribution network of business prerequi
Slide 22: Improved care, better working conditions
Improved care, better working conditions We observe We create We scale Clients The healthcare sector suffers Nedap has developed a single By adding functionalities and from a large staff shortage and a system, Ons, that supports the connecting partners and high workload, partly due to a entire care
Slide 23: Key Figures
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Slide 24: Key Financials
Key Financials (in millions of euros) HY1 2021 HY1 2020 % FY 2020 FY 2019 % Revenue 100,7 93,5 8% 189,9 191,5 -1% Recurring revenue 27,6 24,0 15% 50,7 44,6 14% Added value** as percentage of revenue 67% 65% 66% 63% Added value** per FTE (x € 1,000) 169 173 Operating profit 12,3 7,7 61% 17,1 17,5 -2%
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Slide 26: Half-year 2021 results
• Revenue was up 8% in the first half-year of 2021, rising to €100.7 million (€93.5 million in the same period of 2020), despite increasing component scarcity. Virtually all business units contributed to the overall revenue growth. • Recurring revenue rose 15% and now makes up 27% of revenue. • On t
Slide 27: Highlights 2020
• Revenue amounted to € 189.9 million, down 1% on 2019. Added value increased from 63% to 66% of revenue. • Recurring revenue rose by 14% and now makes up 27% of the total revenue. • The business units Healthcare and Livestock Management posted a robust growth in revenue, which almost entirely compe
Slide 28: Financial calendar
2021 19 October 2021 Trading update Q3 2021 2022 17 February 2022 Annual report 2021 7 April 2022 Trading update Q1 2022 12 April 2022 Annual General Meeting 14 April 2022 Ex-dividend date 19 April 2022 Record date 25 April 2022 Dividend payment date 21 July 2022 Half-yearly results 2022 20 October
Slide 29: Appendix
Appendix | Sou
Slide 30: 5-Year Financial History
Key figures (in millions of euros or as a percentage) FY 2020 FY 2019 FY 2018 FY 2017 FY2016** Revenue 189,9 191,5 191,4 182,2 163,2 Revenue growth -1% 0% 5% 12% - Recurring revenue 50,7 44,6 37,2 30,9 25,4 Growth of recurring revenue 14% 20% 20% 22% - Recurring revenue as % of revenue 27% 23% 19% 1
Slide 31: Consolidated Income Statement
2020 2019 Revenue 189,916 191,549 Cost of materials and outsourced work -61,319 -63,880 Inventory movements of finished goods and work in progress -3,499 -6,563 -64,818 -70,443 Added value 125,098 121,106 Personnel costs -74,376 -72,690 Amortisation -1,115 -880 Depreciation -8,022 -7,600 Impairments
Slide 32: Consolidated Balance Sheet
Assets 2020 2019 Equity and liabilities 2020 2019 Fixed assets Group equity Intangible fixed assets 2,211 2,828 Shareholders' equity 73,253 73,571 Tangible fixed assets 38,031 38,621 Deferred tax assets 990 758 Non-current liabilities 41,232 42,207 Borrowings 14,030 14,110 Current assets Lease liabi