Snp Schneider-neureither & Partner Se · XETR:SHF
Snp Schneider-neureither & Partner — Q1 2023 Earnings Presentation
25 slides from Snp Schneider-neureither & Partner's earnings presentation, Apr 27, 2023
Slide 1: Elevate Digital Transformation – Q1 2023 Results
Elevate Digital Transformation Analyst & Investor Call Q1 2023 Results April 27, 2023 Dr. Jens Amail, CEO Prof. Dr. Thorsten Grenz, CFO Gregor Stöckler, COO
Slide 2: Agenda
Agenda Introduction & Key Results Q1 Financials & Outlook Questions & Answers © 2023 SNP I DATA. TRANSFORMATION. EXPERIENCE. 2
Slide 3: Key Results - Q1 2023
Key Results - Q1 2023 1. Solid growth in all major KPIs – order entry, revenue and EBIT − Order entry a third above previous year; 15% increase in total revenue. − Increases in costs more than compensated for; improved EBIT margin by +2.5pp to 5.2%. 2. Strong software business − The value creation p
Slide 4: Q1 2023 – Key Figures
Q1 2023 – Key Figures Order Entry Group Revenue EBIT € 58.3m € 47.1m € 2.5m +32% +15% +118% Services (incl. EXA) Software (incl. EXA) Partners Order Entry Revenue Order Entry Revenue Order Entry Revenue € 41.7m € 31.3m € 16.6m € 15.8m € 20.1m € 14.5m +35% +9% +26% +28% +17% -3% © 2023 SNP I DATA. TR
Slide 5: Partner Business
Partner Business Accenture & SNP factory Order Entry Partner Revenue Partner extended to JAPAC region. (in €m) (in €) IBM & SNP joint Data Transformation Factory in ramp -3% up. +17% 20.1 14.9 14.5 17.2 SNP & PWC starting strategic initiative in the M&A market. Strategic partnerships with 16
Slide 6: Order entry by deal bands
Order entry by deal bands SNP was awarded the contract for a multi-year S/4HANA migration project at a leading German manufacturer of mounting and assembly technology. The Q1/2022 Q1/2023 first phase of the project focuses on consolidating the current SAP system landscape; the long-term goal of th
Slide 7: Order entry by region
Order entry by region Growth in all regions. Strongest percentage growth in (in €m) Q1/2022 Q1/2023 the regions USA (112%), UKI (+86%) and LATAM (+78%). Despite growth decreasing CEU 2.4 share (-10pp to 50% of total 5.3 UKI order entry). 1.3 10.7 JAPAC 5.2 USA 5.0 10.6 Strong order entry in
Slide 8: Revenue by segments
Revenue by segments Increase in revenue attributable to all business segments (in €m) Q1/2022 Q1/2023 (Service, Software and EXA). In the Software business 2.4 segment, revenue increased 2.4 well above average by 27%; 15.4 EXA the two large-scale projects 12.1 account for € 3.7 m. Software Servi
Slide 9: Reconciliation EBIT
Reconciliation EBIT Revenue: € +3.5 m by Software EBIT business segment (+28%); (in €m) Service business segment: € +2.5 m (+9%). +0.9 -2.9 Personnel expenses: (1) higher number of employees, (2) salary +6.0 increases in 2022 and (3) -0.4 inflation adjustment payment. -2.2 -2.2 FX: Weak US dol
Slide 10: Agenda
Agenda Introduction & Key Results Q1 Financials & Outlook Questions & Answers © 2023 SNP I DATA. TRANSFORMATION. EXPERIENCE. 10
Slide 11: Headcount
Headcount Headcount evolution Headcount split by function March 31, 2023 Students +21 Admin 5% & Trainees 1,311 1,332 (unchanged) Organic 17% Marketing (unchanged) changes & Sales 13% R&D 12% (-1PP) (unchanged) ∑ 1,332 Dec. 31, 2022 March 31, 2023 53% (-unchanged) Consulting © 2023 SNP I DATA. TRANS
Slide 12: Income Statement Q1 2023
Income Statement Q1 2023 Increased personnel expenses mainly due to (1) higher number of employees, (2) salary (in €m) Q1 2023 Q1 2022 Δ (%.) increases in 2022 and (3) Revenue 47.1 41.0 +14.7 inflation adjustment payment granted to employees in Gross profit 41.2 35.6 +15.9 Germany in January 2023.
Slide 13: Segment Software – Revenue & EBIT Q1 2023
Segment Software – Revenue & EBIT Q1 2023 Revenue EBIT (in €m) (in €m) Significantly higher revenues from software licenses with a volume of € 10.9 m (Q1 2022: 7.5 m). +27% 15.4 +62% 6.1 Revenues from software 12.1 support as well as cloud and SaaS revenues largely at the 3.8 previous year's lev
Slide 14: Segment Service – Revenue & EBIT Q1 2023
Segment Service – Revenue & EBIT Q1 2023 Revenue EBIT (in €m) (in €m) Only balanced margin despite increased revenues. 0.1 26.9 Measures initiated to improve +10% 29.3 26.5 project profitability. -0.2 Q1 2022 Q1 2023 Q1 2022 Q1 2023 © 2023 SNP I DATA. TRANSFORMATION. EXPERIENCE. 14
Slide 15: Segment EXA – Revenue & EBIT Q1 2023
Segment EXA – Revenue & EBIT Q1 2023 Revenue EBIT (in €m) (in €m) Software revenues more than doubled to € 0.4 m. +39% 0.3 Significant improvement in 2.4 +1% 2.4 earnings due to increased software sales and additional intercompany settlements. 0.2 Q1 2022 Q1 2023 Q1 2022 Q1 2023 © 2023 SNP I DAT
Slide 16: Order Entry Q1 2023 and Order Backlog
Order Entry Q1 2023 and Order Backlog Order Entry Order Backlog (in €m) (in €m) Strong increasing order entry due to significant growth in the US and ∑ 58.3 +2% LATAM regions. +32% 3.7 140.2 137.0 SAP S/4HANA projects represent ∑ 44.1 15.7 around 51% of the entire order 5.1 EXA entry volume (Q1
Slide 17: Reconciliation Order Backlog Q1 2023
Reconciliation Order Backlog Q1 2023 Order Backlog (in €m) Increase in order backlog by 6% compared to year end 2022.. +58.3 -47.1 Minor projects remeasurements in Q1. -1.8 -1.1 140.2 131.8 Backlog includes €4.4 m from EXA. Dec. 31, Order Revenue Projects FX March 31, 2022 entry remeasurements
Slide 18: Balance Sheet Structure
Balance Sheet Structure Higher trade receivables and Assets (in €m) March 31, 2023 Dec. 31, 2022 contract assets as a result of a Cash & cash equivalents 30.5 38.4 high sales volume in Q1 and a one-time sale of receivables in Other financial assets 10.5 11.5 December. Receivables & contract assets
Slide 19: Cash flow Statement Q1 2023
Cash flow Statement Q1 2023 (in €m) Q1 2023 Q1 2022 Δ (abs.) Despite negative value of € -1.0 m Net income 1.3 -0.6 +1.9 continued positive trend in Depreciation 2.6 2.6 0.0 operating cash flow development. Change in W/C -5.4 -5.5 +0.1 Financing activities: Cash outflow Change in other items 0.4
Slide 20: Outlook confirmed
Outlook confirmed SNP continues to assume a positive business trend for fiscal year 2023; for the full year, the following is expected in the SNP Group: The management will provide a quantitative the order entry and revenue volumes will be driven, in particular, by the Group’s software update of i
Slide 21: Agenda
Agenda Introduction & Key Results Q1 Financials & Outlook Questions & Answers © 2023 SNP I DATA. TRANSFORMATION. EXPERIENCE. 21
Slide 22: We are happy to take your questions!
We are happy to take your questions!
Slide 23: Financial Calendar 2023
Financial Calendar 2023 Publication of the Publication of the Annual General Publication of the Publication of the Annual Report Interim Statement Meeting 2023 Half-Year Financial Interim Statement 2022 Q1 2023 Report 2023 Q3 2023 Mar 30, 2023 Apr 27, 2023 May 23, 2023 Aug 4, 2023 Oct 26, 2023 © 202
Slide 24: Thank you
Thank you SNP Schneider-Neureither & Partner SE Speyerer Strasse 4 69115 Heidelberg Germany +49 6221 64 25 – 0 +49 6221 64 25 - 20 info@snpgroup.com www.snpgroup.com linkedin.com/company/snp-schneider-neureither-&-partner-se Marcel Wiskow, Director IR +49 6221 64 25 – 637 Investor.relations@snpgroup
Slide 25: Disclaimer
Disclaimer © 2023 SNP Schneider-Neureither & Partner SE or an SNP affiliate of any kind, either express or implied, including but not limited to company. All rights reserved. No part of this publication may be the implied warranties of merchantability, fitness for a particular reproduced or transmit
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