Spyrosoft Sa · GPW:SPR
Spyrosoft Sa — 1-3Q 2023 Earnings Presentation
19 slides from Spyrosoft Sa's earnings presentation, Nov 29, 2023
Slide 1: Spyrosoft Group Financial results for 1–3Q 2023
Spyrosoft Group Financial results for 1–3Q 2023 29 November2023 Spyrosoft Group © 2023 www.spyro-soft.com
Slide 2: Agenda
Agenda 1 Summary of key events 2 Financial results for 1-3Q 2023 3 Prospects Financial results for 1–3Q 2023 www.spyro-soft.com
Slide 3: 1. Summary of key events
1. Summary of key events Financial results for 1–3Q 2023 www.spyro-soft.com
Slide 4: Key facts 1-3Q 2023
Key facts 1-3Q 2023 Revenue achieved above strategy Diversified revenue: 87% of our revenue derived from targets (+34.3% y/y). The UK and DACH remain the contracts with foreign clients. leading markets, followed by The strategy calls for average Poland, the US and Scandinavia. annual growth of 33%,
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 • Edinburgh • Chennai • Bournemouth Norway USA • Bergen • Ann Arbor • Pittsburgh
Slide 7: Business sectors
Business sectors Automotive Employee Experience & Education Financial Services Geospatial Services Healthcare & Life Sciences Industry 4.0 Robotics
Slide 8: Peer group comparison
Peer group comparison 3Q 2023 RESULTS 4Q 2023 FORECASTS FY 2023 FORECASTS OPERATING OPERATING EMPLOYMENT REVENUE REVENUE REVENUE (%) PROFIT GROWTH EPS GROWTH Y/Y EPS GROWTH Y/Y PROFIT GROWTH EPS GROWTH Y/Y GROWTH Q/Q GROWTH Y/Y GROWTH Y/Y GROWTH Y/Y Y/Y Y/Y EPAM Systems -2 -6 -16 -12 -8 -14 -3 -12 -
Slide 9: 2. Financial results for 1–3Q 2023
2. Financial results for 1–3Q 2023 Financial results for 1–3Q 2023 www.spyro-soft.com
Slide 10: Revenue 1-3Q 2023 (PLNm)
Revenue 1-3Q 2023 (PLNm) Revenue Revenue 1-3Q 2022 vs. 1-3Q 2023 3Q 2022 vs. 3Q 2023 • Spyrosoft Group generated consolidated revenue in 1–3Q 2023 of PLN 310.7m (+34.3% y/y). 350 8.7 350 • Further growth in the scale of operations is a priority for the company (even though the pace of this process i
Slide 11: EBITDA 1-3Q 2023 (PLNm)
EBITDA 1-3Q 2023 (PLNm) • The EBITDA result for 1-3Q 2023 was PLN 31.9m, a decline of 16.1% y/y. The EBITDA margin was 10.7%, as compared to 17.3% in 1-3Q 2022, but remained close to the figure for 1H 2023 (10.0%). EBITDA EBITDA 1-3Q 2022 vs. 1-3Q 2023 3Q 2022 vs. 3Q 2023 • The group strategy for 20
Slide 12: Net profit 1-3Q 2023 (PLNm)
Net profit 1-3Q 2023 (PLNm) Net profit Net profit 1-3Q 2022 vs. 1-3Q 2023 3Q 2022 vs. 3Q 2023 § The group earned a net profit in 1-3Q 2023 of PLN 11.3m— 42.6% lower than in the same period of 2022. 25 25 § The net profit was mainly impacted unfavourably by 20 20 negative exchange rate differences, c
Slide 13: Statement of results
Statement of results Change % Change % Statement of results (PLNm) 1-3Q 2022 1-3Q 2023 y/y 3Q 2022 3Q 2023 y/y • Higher costs—primarily due to the bench Net revenue from sales of products and services 231.34 310.71 +34.3% 91.46 105.71 +15.6% (historically this share in value has been Costs of sold p
Slide 14: Revenue structure: sectors
Revenue structure: sectors Healthcare & Life Science Robotics Healthcare & Life Science 2% 3% 9,3 mln zł 2% Other 6,2 mln zł 12,4 mln zł 9,3 mln zł Connectivity & Industry 4,6 mln zł 3% Other Automation 6,9 mln zł 4% 4% Connectivity & Industry Automation 4% 12,4 mln zł Profesional Services (former A
Slide 15: Revenue structure: geography
Revenue structure: geography Other Other Scandinavia 13,9 mln zł 15,5 mln zł Scandinavia 20,8 mln zł 6% 5% UK UK 28,0 mln zł 9% 87,0 mln zł 81,0 mln zł 9% 28% 35% Poland Poland 30,1 mln zł 46,6 mln zł 1-3Q 2022 revenue 1-3Q 2023 revenue 13% 15% PLN 231.3 PLN 310.7m USA USA 27,8 mln zł 43,5 mln zł DA
Slide 16: 3. Prospects
3. Prospects Financial results for 1–3Q 2023 www.spyro-soft.com
Slide 17: Prospects for the upcoming quarters
Prospects for the upcoming quarters • The global economic slowdown has a dampening effect on the rate of digitalization of enterprises and thus on the rate of increase in demand for IT services. • Nonetheless, Spyrosoft’s prospects for business growth on the principal markets served by the group rem
Slide 18: Thank you for your attention
Thank you for your attention Contact to our investor relations: Joanna Brewińska, NBS Communications +48 502 255 415 spyrosoft@nbs.com.pl www.spyro-soft.com www.spyro-soft.com
Slide 19: 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