Slide 1: Call with Investors
Call with Investors November 9 | 11.00am (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Strong organic growth and M&A contribution to constantly improve KPIs
2 Strong organic growth and M&A contribution to constantly improve KPIs Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) +39% €92.4 +55% €13.5 €66.7 €48.2 52% €8.8 +30% €37.1 56% 14,6% €44.2 13,1% €29.6 +49% 48% 44% 9m-21 9m-22 9m-21 9m-22 FinTech Aerospace & Aviation
Slide 3: Perfect mix of organic & inorganic growth to boost profitability
3 Perfect mix of organic & inorganic growth to boost profitability Solid Organic Postive M&A Operating Profit Growth Contribution (EBIT) +18% +€14 Mn +71% vs. 9m-2021 Revenues 9m-2022 * * Consolidated in TXT €9.2 Mn 10% of Revenues #neverbetter.
Slide 4: € 5.8Mn 9m-22, +14% vs. 9m-21 € 7.3Mn +16% vs. 9m-21, + € 20Mn
4 € 5.8Mn 9m-22, +14% vs. 9m-21 € 7.3Mn +16% vs. 9m-21, + € 20Mn from services around proprietary SW € 26Mn 29% of total revenues € 13Mn (Net Financial Debt) + € 13 Mn* in Treasury Shares * Value calculated with stock price of € 11,2 per share (Share Price Sep. 30th, 2022)
Slide 5: Sustainable growth, diversification
Sustainable growth, diversification 5 Aerospace & Aviation Fintech Turnover 9m-2022: 32.3M € Revenues Revenues Turnover 9m-2022: 30.3M € 3% breakdown +30% (+12% Like-for-like) breakdown 12% +49% (+25% Like-for-like) 15% EBITDA margin 9m-2022 61% 27% EBITDA margin 9m-2022 17% Software 12% 81% Softwar
Slide 6: 9 months-22 Main Events & Future Evolutions
6 _9 months-22 Main Events & Future Evolutions
Slide 7: Organic Growth: Double-digit growth in all Division and Markets
7 Double-digit growth in Organic Growth: all Division and Markets • Public Sector, with subsidiary HSPI SpA, recoded organic growth of 26% driven by multi-year contracts related to CONSIP (purchasing center of the Italian public administration) public tenders for the digitalization of the Italian pu
Slide 8: M&A: Constant integration of new excellences in the TXT Group ecosystem
88 Constant integration of M&A: new excellences in the TXT Group ecosystem • On October 3, 2022, TXT has announced the acquisition of 100% of Soluzioni Prodotti Sistemi S.r.l. ("SPS"); • On October 3, 2022, TXT has also announced the acquisition of the remaining 21,4% of Ennova SpA (“Ennova") from t
Slide 9: TXT acquired SPS
99 TXT acquired • SPS was founded in Rome in 2009 and today has 100+ resources distributed over the three operating offices in Rome, Bari and Milan; • Offering of SPS in the ICT consulting field guarantees certified skills and technological leadership in projects for the digitization of enterprise p
Slide 10: TXT signed an agreement for the investment in ProSim-TS
10 10 TXT signed an agreement for the investment in • ProSim Training Solutions (“ProSim-TS”) is a Dutch-based software house specialized in the development and marketing of proprietary solutions for the civil aviation training market; • The initial investment consists of a capital increase in ProSi
Slide 11: 9 months-2022 Financials
11 9 months-2022 FINANCIALS
Slide 12: 9 months 2022 income statement
12 € thousand 9 months 2022 % 9 months 2021 % Var % REVENUES 92,400 100 66,733 100 38.5 Direct costs 56,538 61.2 40,122 60.1 40.9 GROSS MARGIN 35,862 38.8 26,611 39.9 34.8 Research and Development costs 5,778 6.3 5,091 7.6 13.5 Commercial costs 8,813 9.5 6,481 9.7 36.0 General and Administrative cos
Slide 13: Q3 2022 income statement
13 € thousand Q3 2022 % Q3 2021 % Var % REVENUES 29,862 100 23,034 100 29.6 Direct costs 18,056 60.5 13,037 56.6 38.5 GROSS MARGIN 11,806 39.5 9,997 43.4 18.1 Research and Development costs 1,824 6.1 1,778 7.7 2.6 Commercial costs 3,094 10.4 3,109 13.5 (0.5) General and Administrative costs 2,548 8.
Slide 14: Net financial debt
14 € thousand 30.09.2022 31.12.2021 Var Cash 40,378 36,076 4,302 Trading securities at fair value 46,293 48,869 (2,576) Other Short Term Financial Assets 1,141 - 1,141 Short term Financial Debts (42,979) (47,125) 4,146 Short term Financial Resources 44,833 37,820 7,013 Non current Financial Debts -
Slide 15: Capital employed and financing
15 € thousand 30.09.2022 31.12.2021 Change Intangible assets 56,507 55,182 1,325 Tangible assets 12,632 12,126 506 Other fixed assets 24,450 16,529 7,921 Fixed Assets 93,589 83,837 9,752 Inventories 16,167 7,810 8,357 Trade receivables 31,835 43,156 (11,321 ) Other short term assets 9,032 8,864 168
Slide 16: Share price, shareholders and dividends
16 Latest Public Data Available as of 30 Sep. 2022 16,3 18 Treasury 16 Shares; 9% Laserline 14 4,6 SpA; 30% 12 10 8 6,8 1 5,3 5,1 6 11,7 4 5,8 5,3 5,1 0,76 Market; 2 0,26 0,5 0 0 50% 0 2018 2019 2020 2021 9m-22 Managers; Repurchase Treasury Shares Payment dividends €milion 11% Total Year Dividends S
Slide 17: Q&A
18 Q&A