Webstep As · OSL:WSTEP
Webstep As — Q3 2024 Earnings Presentation
21 slides from Webstep As's earnings presentation, Nov 13, 2024
Slide 1: Q3 2024 Interim Results Presentation
Q3 2: Mp \ Results Interim ww Presentation Kristine Lund, CEO Nina Stemshaug, Interim CFO Webstep ASA - 13. november 2024, Oslo WEBSTEP
Slide 2: Agenda
Agenda Highlights from the Financial Review quarter Organisation and Market update and projects outlook
Slide 3: Highlights from the quarter
Highlights from the quarter
Slide 4: Highlights
Highlights ● Continued revenue growth and improved profitability despite a soft market. ● High activity in the energy sector, leading to solid growth in regional offices on the Norwegian west coast. ● Henning Hesjedal appointed as new Chief Financial Officer (CFO), and joins Webstep at 1 April 2025 at th
Slide 5: Organisation and projects
Organisation and projects
Slide 6: Shaping the Webstep organisation for the future
Shaping the Webstep organisation for the future ● The first quarter operating exclusively in Norway ○ Changed and enhanced sales focus ○ Exploit the competence and flexibility across the organization ● Strengthening our professional and social culture ○ Relentless work on gaining, sharing and developi
Slide 7: Four strategic focus areas
Four strategic focus areas ● Strengthen and clarify our service offerings ● ● Be even more customer-focused and include a greater degree of business development in our sales processes ● ● Increase our visibility in the market ● ● Strengthen the Webstep culture. Improve collaboration across regional
Slide 8: Financial review
Financial review
Slide 9: Group Q3
Group Q3 \l7 e900 il Tel (a GTS Revenue EBIT-margin FTEs 08 189.4 MNOK Q3 5.7% EoP 449 (+2.4%) (+3.0pts) (-14)
Slide 10: Key figures - Group
Key figures - Group Q3 Comments Group ● Operating revenues for the quarter increased by 2.4 per cent Q3 Q3 YTD YTD FY compared to the same period last year NOK million 2024 2023 2024 2023 2023 ○ Revenue from own consultants up by 4.5 per cent Revenues 189.4 184.9 648.6 636.0 857.7 ○ Revenue from sub
Slide 11: Market update and outlook
Market update and outlook
Slide 12: Webstep market update
Webstep market update ● Changing market trends during the late summer ○ Demand has risen along the coast, particularly in Bergen ○ Oslo has experienced lower demand and increased competition ● Long-term trends of digitalisation remain stable ○ The Norwegian Government's digitalisation strategy for 2
Slide 13: Outlook
Outlook ● Digitalisation continues to trend upwards ○ Energy transition and increased focus on AI are currently particularly strong drivers ● Mixed activity level in the market - moderate demand ○ Vibrant energy sector, while other sectors remain cautious with regards to investments ● Local presence
Slide 14: Questions?
Questions? Please contact us at ir@webstep.com
Slide 15: Appendix
Appendix
Slide 16: Customer base characteristics
Customer base characteristics Optimizing sales and strengthening focus on A large and loyal customer base in both private and A diversified customers base between business enterprise market and large clients public sector sectors 16
Slide 17: Cash flow and net debt
Cash flow and net debt 30 Sep NOK million 2024 Cash and cash equivalents* (64.9) Restricted cash 4.1 Debt to credit institutions 0.0 Leasing liabilities (non-current and current) 74.5 Net interest bearing debt (NIBD) 13.7 NIBD/EBITDA (rolling 12 months) (1.0) NIBD/EBITDA (rolling 12 months) including
Slide 18: Top 20 shareholders at 8 November 2024
Top 20 shareholders at 8 November 2024 18
Slide 19: Revenue, EBIT and FTE development
Revenue, EBIT and FTE development Revenue (LTM) EBIT (LTM) Number of FTEs (EoP) 19
Slide 20: Number of FTEs, end of period
Number of FTEs, end of period Number of FTEs, end of period Q3 Q2 Q1 Q4 Q3 Norway 2024 2024 2024 2023 2023 Norway total 449 451 448 471 463 Oslo 210 213 211 223 221 Bergen 95 88 84 91 90 Trondheim 63 65 65 65 64 Stavanger 53 55 56 59 57 Sørlandet 21 21 23 24 22 Haugalandet 8 9 9 9 9 20
Slide 21: Disclaimer
Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections abo