Cy4gate Spa · MIL:CY4
Cy4gate Spa — 9M 2023 Earnings Presentation
17 slides from Cy4gate Spa's earnings presentation, Nov 15, 2023
Slide 1: Cy4Gate 9M 2023 Financial Results
Cy4Gate 9M 2023 Financial Results November 15, 2023
Slide 2: Table of Contents
TABLE OF • Our Growth CONTENTS • Strategic pillars • 9M 2023 Financial Performance • Acquisition of XTN Cognitive Security • Cy4Gate Portfolio 2
Slide 3: Fast growing and attractive group
Fast growing and attractive group… 2,85x Shares price 2020 IPO 2023 since IPO Listing on FTSE Italia Listing on EURONEXT Growth STAR Milan 2014 JV between Start up 2019 2022 Growth and Capital Increase of acquisition of market 90 Millions for M&A share 129% … thanks to exceptional performance Revenu
Slide 4: Delivery on track on all Strategic pillars
Delivery on track on all Strategic pillars Strategic pillars 360° Cyber vendor Tailormade solutions Superior ethics & Partnerships and "Made in Europe" for Global Cyber talent M&A for tech Defence development leadership Target ESG Composite AI To protect and empower people through reliable and leadi
Slide 5: Cy4Gate's Markets
Cy4Gate’s Markets GEOGRAPHICAL PRESENCE AND MARKETS SERVED The company mainly operates in Italy, is also active in Spain and is increasing its presence in Germany and France. It also has a global presence, with clients in the Middle East, South East Asia, and Latin America. 9M 2023 CY4GATE Group 10.
Slide 6: 9M 2023 Financial Performance
9M 2023 Financial Performance 6
Slide 7: 9M 2023 Key Data
9M 2023 Key Data Revenues¹ R&D € mln € mln YoY % YoY % 44.9 3.3 +67% +29% 2.5 26.9 9M2022 9M2023 9M2022 9M2023 EBITDA Net profit² Margin (%) 4% 7% 9M2022 9M2023 € mln 3.2 -7.0 -8.6 1.0 (7.0) 9M2022 9M2023 € mln (8.6) 1. Including other operating revenues; comparative 2023 does not include 1Q of RCS
Slide 8: 9M 2023 Revenues Breakdown
9M 2023 Revenues Breakdown By business line By geographical area Decision Intelligence Forensic Intelligence Cyber Security Italy Export ~75% 7% 10% ~57% 33% 43% ~43% ~25% 50% 57% 9M2023 9M2023 9M2022 9M2023 Forensic Intelligence maintains a leading role Improved international presence Note: Cy4gate
Slide 9: 9M 2023 People Investment
9M 2023 People Investment Positive Items Negative Items Total Total personnel increased in 9M23 by a total of 59 resources: 23 61 501 ▪ Increase related to the 470 69 DIATEAM acquisition, which 442 28 allowed the Group to acquire specialized resources and technical skills to strengthen the cyber-sec
Slide 10: 9M 2023 Profit & Loss
9M 2023 Profit & Loss 9M 2022 Executive summary: € mln 9M 2023 1 Restated 2 Operating Revenues 43.6 26.0 Revenues +68% compared to 9M 2022, thanks to organic Other Operating Revenues 1.3 0.9 growth (+17%) and consolidation of subsidiaries. The Total Revenues 44.9 26.9 seasonality of the business is
Slide 11: 9M 2023 Asset & Liabilities
9M 2023 Asset & Liabilities Executive Summary: €/000 9M 2023 FY 2022 Fixed assets 81.8 70.1 Fixed Asset increase mainly due to the effects of goodwill Inventory 0.7 0.8 linked to DIATEAM acquisition Contract assets (liabilities) 2.6 (1.0) Net Working Capital increase mainly to contract assets Trade
Slide 12: Cyber Security portfolio enrichment: Acquisition of XTN
Cyber Security portfolio enrichment: Acquisition of 12
Slide 13: Acquisition of XTN
Acquisition of XTN is an Italian company operating in the IT security sector, with a very strong expertise on solutions aimed at identifying risk behavior Key Highlights Main figures € mln 3.1 • XTN’s proprietary platform, is able to protect critical 2.4 1.9 digital-based processes and avoid impacti
Slide 14: Strong industrial rationales
Strong industrial rationales: 1. Enrichment of Cy4Gate’s portfolio offering in the cybersecurity sector Reach more effectively, the banking market, in Italy and abroad where a trend of 2. fusion among cybersecurity and anti-fraud is emerging globally 3. Access to two further markets: automotive and
Slide 15: Cy4Gate Portfolio in two main markets
CY4Gate Portfolio in two main markets: Cyber Intelligence & Cyber Security 15
Slide 16: Portfolio Overview
PORTFOLIO OVERVIEW CYBER INTELLIGENCE CYBER SECURITY Decision Cybersecurity Intelligence Products Forensic Cybersecurity Intelligence Services 16 16
Slide 17: CFO & IR Manager, IR Advisor
CFO&&IRIRMANAGER CFO MANAGER Marco Latini investors@cy4gate.com IR ADVISOR IR ADVISOR CDR Communication Silvia Di Rosa silvia.dirosa@cdr-communication.it Luca Gentili luca.gentili@cdr-communication.it FOLLOW US: FOLLOW US: