Snp Schneider-neureither & Partner Se · XETR:SHF
Snp Schneider-neureither & Partner — Q3 2022 Earnings Presentation
24 slides from Snp Schneider-neureither & Partner's earnings presentation, October 2022
Slide 1: Elevate Digital Transformation – Q3 / 9M 2022 Results
ELEVATE DIGITAL TRANSFORMATION Analyst & Investor Call Q3 / 9M 2022 Results SNP I The Data Transformation Company
Slide 2: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 3: 9M 2022 – Key figures
9M 2022 – Key figures Group Revenue: € 124.9m Partner Revenue: € 35.2m Order Entry: € 122.7m +3% +56% -7% (Like-for-like: +9%) (Like-for-like: +7%) Service Revenue (incl. EXA): € 88.0m Software Revenue (incl. EXA): € 37.0m EBIT: € 1.9m +4% +1% +0.1m (Considering upfront licensing revenue (Like-for-l
Slide 4: 9M 2022 – Highlights
9M 2022 – Highlights Portfolio (1): New generation of CrystalBridge software platform launched – product portfolio strengthened in data analytics, cloud integration and connectivity, and data management. . Portfolio (2): Strong uptake on our data integration & innovation engine SNP GLUE with 12 plat
Slide 5: Order Entry and Revenue by Region 9M 2022
Order Entry and Revenue by Region 9M 2022 – Book-to-bill: 0.98 Order Entry Revenue (in €m) (in €m) 5.8 5.4 (+57%) UKI (+3%) UKI JAPAC JAPAC 13.0 11.0 (+49%) (+55%) USA 13.4 USA 14.9 (-4%) (+51%) € 122.7m € 124.9m CEU CEU (-7%)* (+3%)* 73.7 18.6 71.9 (+23%) (+14%) (+11%) 19.9 (+29%) LATAM LATAM * Fol
Slide 6: Strong Development Partner Business
Strong Development Partner Business > Strategic partnerships with 13 of the world's 20 largest IT consulting Comments companies. > SNP and EY Chile Enter into Order Entry Partner Revenue Partner (IFRS) > Deconsolidation Strategic Partnership effects of SNP (in €m without upfront deals) (in €) Poland
Slide 7: Headcount
Headcount Headcount evolution Headcount split by function 9M 2022 Admin Students -26 1,335 1,309 & Trainees 5% Marketing Organic 17% & Sales changes R&D 13% 12% ∑ 1,309 Dec. 31, Sept. 30, 53% 2021 2022 Consulting © 2022 SNP I The Data Transformation Company – www.snpgroup.com |7
Slide 8: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 9: Income Statement Q3 / 9M 2022
Income Statement Q3 / 9M 2022 Comments (in €m) Q3 2022 Q3 2021 Δ (abs.) 9M 2022 9M 2021 Δ (abs.) Revenue 41.6 46.0 -4.4 124.9 121.7 +3.2 > Group revenue slightly increased by 3% mainly driven Gross profit 35.5 38.6 -3.1 108.1 102.4 +5.7 by growing service sales due to Personal expenses -27.9 -27.7 -
Slide 10: Segment Service – Revenue & EBIT Q3 / 9M 2022
Segment Service* – Revenue & EBIT Q3 / 9M 2022 Revenue EBIT Comments (in €m) +4% (in €m) > Service segment with steady 81.2 topline through growth 78.3 compensation by regions LATAM, USA and JAPAC. > With the Service revenues below last years´ level group n/a -12% revenue down Q3/Q3 2.1 n/a > Negati
Slide 11: Segment Software – Revenue & EBIT Q3 / 9M 2022
Segment Software* – Revenue & EBIT Q3 / 9M 2022 Revenue EBIT Comments (in €m) 0% (in €m) > Software segment revenue 36.5 36.5 at previous year's level with improved operating margins (33.2% to 23.2% 9M/9M). > Increased sales of software +43% licences and reduced reseller 0% business contributed to m
Slide 12: Segment EXA – Revenue & EBIT Q3 / 9M 2022
Segment EXA – Revenue & EBIT Q3 / 9M 2022 Revenue EBIT Comments (in €m) (in €m) > EXA was consolidated for the first time in March 2021. +6% > Q3-on-Q3 revenue down as a result of delayed project activities. 7.2 6.9 -30% -60% -88% 3.2 1.9 2.3 1.0 0.8 0.1 Q3 2021 Q3 2022 9M 2021 9M 2022 Q3 2021 Q3 20
Slide 13: Order Entry Q3 / 9M 2022 and Order Backlog
Order Entry Q3 / 9M 2022 and Order Backlog Comments Order Entry Order Backlog > Despite difficult economic (in m€ ) (in m€) environment stable Q3 order -7% entry 135.5 -7% 126.6 > Explanations for declined order 3.0 131.6 EXA 3.8 entry (9M/9M): 4.8 122.7 (1) scope of consolidation; the EXA 8.8 like-
Slide 14: Reconciliation Order Backlog 9M 2022
Reconciliation Order Backlog 9M 2022 (in €m) Comments 122.7 124.9 > Lower order backlog as of Sept 30, 2022, resulting mainly from Book-to-bill- Ratio slightly below 1 (0.98). 135.3 -0.6 -6.1 > Negative effects from 126.6 volume and currency adjustments. > Order Entry includes € 8.8 from EXA. Dec 31
Slide 15: Balance sheet structure I/II
Balance sheet structure I/II Assets (in €m) Sept. 30, 2022 Dec. 31, 2021 Comments Cash, cash equivalents and other financial assets 19.6 40.3 > Decreased liquidity due to Receivables 35.7 33.8 purchase price payments for Datavard AG and EXA AG Contract assets 40.1 29.9 (totaling around € 9 m) and Ot
Slide 16: Balance sheet structure II/II
Balance sheet structure II/II Equity & Liabilities (in €m) Sept. 30, 2022 Dec. 31, 2021 Comments Payables 5.4 8.3 > Decreased current liabilities Contract liabilities 10.2 10.7 and increased non-current liabilities. Current financial liabilities 12.5 41.0 > Both of these changes mainly Other non-fin
Slide 17: Cash flow Statement Q3 / 9M 2022
Cash flow Statement Q3 / 9M 2022 Comments (in €m) Q3 2022 Q3 2021 Δ (abs.) 9M 2022 9M 2021 Δ (abs.) Net income -0.2 1.5 -1.7 -0.1 -0.6 +0.5 > Despite growing topline working capital Depreciation 2.7 2.6 +0.1 8.0 6.5 +1.5 requirements at the level of the previous nine-month Change in W/C 1.2 -2.4 +3.
Slide 18: Revenue Impact of Partner Software Upfront Accounting 2019–2022
Revenue Impact of Partner Software Upfront Accounting 2019 – 2022 2019 2020 2021 9M 2022 Development 1.2 2.9 2.2 over time 11.2 5.0 0.0 -2.7 -7.1 23.0 23.8 -4.1 0.0 21.8 13.8 -0.4 13.8 13.8 13.3 Upfront Mainte- Sales Balance Upfront Mainte- Sales Balance Upfront Mainte- Sales Balance Upfront Mainte-
Slide 19: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 20: 2022 outlook updated & 2024 mid-term goals
2022 outlook updated & 2024 mid-term goals 2024 2022 2021 > Group Revenue > € 230m > Group Order Entry: Growth in the mid-single- > Revenue share: > Group Order Entry: € 192.1m / digit percentage range compared to the Segment Software expected to € 176m (like-for-like)1 previous year’s like-for-like
Slide 21: Agenda
AGENDA OVERVIEW FINANCIALS STRATEGY & OUTLOOK QUESTIONS & ANSWERS © 2022 SNP I The Data Transformation Company – www.snpgroup.com
Slide 22: We are happy to take your questions!
WE ARE HAPPY TO TAKE YOUR QUESTIONS!
Slide 23: Financial Calendar 2022
Financial Calendar 2022 Mar 30, 2022 Publication of the Annual Report 2021 Apr 28, 2022 Publication of the Interim Statement Q1 2022 Jun 2, 2022 Annual General Meeting 2022 Aug 10, 2022 Publication of the Half-Year Financial Report 2022 Oct 27, 2022 Publication of the Interim Statement Q3 2022 © 202
Slide 24: Thank you for your time
Thank you for your time SNP Schneider-Neureither & Partner SE Speyerer Str. 4 69121 Heidelberg Germany Marcel Wiskow, Director IR +49 6221 64 25 – 637 Investor.relations@snpgroup.com © 2022 SNP I The Data Transformation Company – www.snpgroup.com
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