Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — FY2024 Earnings Presentation
19 slides from Txt E-solutions's earnings presentation, Mar 17, 2025
Slide 1: TXT Group: FY-2024 Results Call with Investors
TXT Group: FY-2024 Results Call with Investors March 17 | 11 a.m. (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: FY-2024 revenues and EBITDA highlights
FY-2024 results show strong boost in the organic growth of the Top Line sustained by increasing investments - also for M&A-, with EBITDA Margin at 13%. Revenues EBITDA €305 Mn Solid Organic Growth in FY-24 €39.2 Mn +24% +22%* 13% of revenues +36% +€50 Mn vs. FY-2024 *Including revenues from non-core
Slide 3: Solid profitability: EBIT, net profit and dividend
Solid profitability recorded in FY-2024 after the accounting effects related to previous years’ M&A (PPA, Goodwill Impairment), thanks to synergies and operational efficiency EBIT (Op. Profit) Net Profit Dividend (consolidated) (consolidated) (proposal) €25.5 Mn* €15.9 Mn €0.25/share Equal to 8.4% o
Slide 4: KPIs: FY-2024 by Offering
KPIs by Division (offering) reported in FY-2024 show growth in all the divisions, with growth rates that outperformed the market trends in each relevant segment. Smart Solutions and Digital Advisory profitability close to mid-term target despite strong investments incurred, Software Engineering divi
Slide 5: Value creation: FY-24
R&D INVESTMENTS (fully expenses in the period) € 15Mn FY-24, +65% vs. FY-23 _Value creation: FY-24 SMART SOLUTIONS REVENUES € 64Mn FY-24, +49% vs. FY-23 INTERNATIONAL REVENUES € 78Mn 25% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 91Mn (Net Debt Adjusted) -
Slide 6: Core Markets & Incidence
6 Core Markets & Incidence We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 3000 experts, competence centers in AI, cybersecurity, XR, IoT. 27% Aerospace & Defense 7% In
Slide 7: FY-2024 Pro-Forma Results
7 FY-2024 Pro-Forma Results Pro-Forma KPIs for 2024 include the results of the companies acquired during the year within the TXT perimeter as if they had been consolidated since January 1, 2024. Pro-Forma Revenues FY-24 Pro-Forma EBITDA Margin €355 Mn Pro-Forma 14.0% EBITDA FY-24 €50 Mn
Slide 8: FY-2025 Guidance
8 FY-2025 Guidance Target Revenues Target EBITDA Continuing Organic Growth Margin FY-25 M&A plan FY-25 Net Debt >8%* >14% <2.5xEBITDA *After compensating appx. €12Mn of non-core revenues recognised in FY-2024 and not expected in FY-2025
Slide 9: Business Evolution & Subsequent Events
_Business Evolution & Subsequent Events
Slide 10: Growth trends 2025 by Division
Growth trends 2025 by Division • Smart Solutions: low-double digit growth rate expected, leveraging return on R&D investments (€ 15Mn, +65% YoY). In Aerospace & Defence, TXT forecasts continuity in the trend recorded in the last 2 years thanks to defence programs and ESG offering (civil). Fintech wi
Slide 11: M&A in Smart Solutions: IT Values
M&A in Smart Solutions: IT Values • On March 5, 2025, TXT announced the signing of the investment contract in IT Values, a software boutique specialising in developing and selling digital innovation solutions to optimise processes of public administration and, more broadly, the enterprise market. •
Slide 12: Webgenesys Investment: Closing announced
Webgenesys Investment: Closing announced • On December 30, 2024, TXT announced the closing of the investment in Webgenesys, ICT company founded in 2009 that currently operates as a digital enabler, positioning itself as a driver of digital innovation primarily for Public Administration. • Webgenesys
Slide 13: FINANCIALS
FINANCIALS
Slide 14: Profit & loss: FY-2024 details
Profit & loss: FY-2024 details
Slide 15: Profit & loss: Q4-2024 details
Profit & loss: Q4-2024 details
Slide 16: NET Financial Debt: solid financial position
NET Financial Debt: olid financial position
Slide 17: Balance sheet: details
Intangible assets 159,254 Tangible assets 28,840 Other fixed assets Fixed Assets Inventories 23,737 Trade receivables 114,054 Other short term assets 20,198 Trade payables (43,342 ) Tax payables Other payables and short term liabilities Net working capital Severance and other non current liabilities
Slide 18: Dividends & Shareholding
Shareholding Structure December 31st, 2024* Dividends and Treasury * Latest Public Data Available as of 31 Dec. 2024 Shares Repurchase (€m) Dividends & Shareholding Treasury 16.3 18 15.4 Shares; 2% 16 L.V.O. Global Asset Laserline 14 4.6 Management S.A. SpA; 30% 12 3% 10 8.4 8 6.8 13.3 Market; 1 5.3
Slide 19: Q&A
TXT Q&A