Hitit Bilgisayar Hizmetleri A.s. · BIST:HTTBT
Hitit Bilgisayar Hizmetleri A.s — Q2 2024 Earnings Presentation
27 slides from Hitit Bilgisayar Hizmetleri A.s's earnings presentation, Jun 30, 2024
Slide 1: A Rising Star in Airline & Travel IT Solutions
A Rising Star in Airline & Travel IT Solutions 2024 June Results Presentation
Slide 2: Hitit At a Glance
Hitit At a Glance 2024 2nd QUARTER The 2nd largest PSS One integrated Above pre-Covid Global scaling with provider in Europe solution suitable for levels both in cloud-based, and 3rd largest in the all airlines, from the passengers and modern, and world* smallest to the largest revenue flexible tech
Slide 3: Crane Partner Community
Crane Partner We meet the needs of Partners in different business models all over the Community world 2024 2nd QUARTER 49 COUNTRIES 75 PARTNERS Utilizing Hitit's Crane solutions and services 3
Slide 4: Hitit empowers aviation all around the globe: aircraft movements
Hitit empowers aviation all Visualization of Hitit Partner aircraft movements within a 24-hour period based on FlightRadar 24 data around the globe 2024 2nd QUARTER 4
Slide 5: Hitit empowers aviation all around the globe: destinations
Hitit empowers aviation all Visualization of destinations served by Hitit Partners based on live airport data within Crane systems around the globe 2024 2nd QUARTER 5
Slide 6: Hitit by Numbers
15,2M USD Hitit by 2024 Q2 Sales Numbers Revenues + 21% over 2023 Q2 2024 2nd QUARTER 41% EBITDA Margin Inline with 2023 Q2 +47% 75 Partners Passenger volumes over 2023 Q2 +4 new, -2 suspended Partners within 2024 6 Q2
Slide 7: Hitit by Numbers
700+ Hitit by Airports served Numbers through Crane DCS 2024 2nd QUARTER 85 Countries with border and custom systems integrated with Hitit $6.5 65+ billion Integrations with different banks and alternative Sales volume payment systems generated by Hitit 7 Partners in 2023
Slide 8: Financial and Other Important Developments
Financial and Other Important Developments Innovative Technology Investments In line with the projects being carried out within the Technopolis regulations, 6.4 million dollars for R&D along with 3.4 million dollars for license, hardware, and fixtures were 2024 2nd QUARTER invested as of Q2 2024. Th
Slide 9: Financial Evolution
At the end of the Q2 2024, revenue exceeded the same period for 2023. Financial Evolution (Reporting in USD Functional Currency) As of the end of the Q2 2024, the EBITDA amount was 6.2m 2024 2nd QUARTER USD and the EBITDA margin was realized as 41%. Sales were realized 80% in foreign currency, 20% i
Slide 10: Forward-Looking Evaluations
Forward-Looking Evaluations In addition to the product and service production, sales and marketing activities carried in line with its growth strategy, the company continues its investments to achieve its goals. Within this framework, as of the end of 2024, on a USD basis; 2024 2nd QUARTER Growth in
Slide 11: Financial Summary
Financial Summary Functional currency is USD since 01.01.2020. 2023-6M 2024-6M 50,0 45,0 40,0 35,0 2024 2nd QUARTER 30,0 25,0 20,0 15,0 10,0 %61 %58 %41 %41 5,0 - Net Sales (USD Million) Gross Profit (USD Million) EBITDA Equity (USD Million) (USD Million) $10.1 mn net cash position as of June 30, 20
Slide 12: Financial Summary: Revenue Breakdown
Financial Summary Approximately 80% of sales are in foreign currency (USD or EUR) SaaS Share (%) PSS ADS Other 86% 6% 8% 2023-6M 2024-6M Revenue Breakdown(USD) USD % USD % SaaS 7,492 60% 9,513 63% 2024 2nd QUARTER Software Development and Maintenance 3,339 27% 3,713 24% IaaS ve Projects 1,662 13% 1,
Slide 13: Financial Summary: Cost Breakdown
Approximately 60% of Financial Summary costs are in TL Cost Breakdown1 Cost Breakdown2 Currency Distribution USD 12,113k by 2024 June USD 12,113k by 2024 June By 2024 June 2% 6% 3% 12% 8% 2024 2nd QUARTER 10% 17% 35% 20% 53% 68% 54% 19% 23% 60% Cost of sales Personnel Amortization TL Other General m
Slide 14: Noteworthy Partner Acquisitions and Key Developments in Q2 2024
Noteworthy Partner Acquisitions Key Developments and Developments in Q2 2024 New Partner Acquisitions and Implementations 4 new Partners have been signed in Q2 2024 within existing geographies as part of our reinforcing growth strategy. 6 of the ongoing implementation projects have been completed an
Slide 15: Industrial KPIs Evolution Trends: Revenue Passenger Kilometers
Revenue Passenger Kilometers (RPK) Industrial KPIs Evolution Trends (%) RPK Change % 25,00% 20,00% 2024 2nd QUARTER 15,00% 10,00% 5,00% 0,00% Industry Africa Asia Pacific Europe Latin America Middle East North America Year-On-Year Year-To-Date 15 Source: IATA Economics – Air Passenger Market Analysi
Slide 16: Industrial KPIs and Passenger Load Factors
Revenue Passenger Kilometers (RPK) Industrial KPIs and Passenger Load Factors (PLF) Global Revenue Passenger Kilometers (RPK) and Passenger Load Factor (PLF) as Available Seat Kilometers (ASK) % of Available Seat Kilometers (ASK) 2024 2nd QUARTER 16 Source: IATA Economics – Air Passenger Market Anal
Slide 17: Balance Sheet
Balance Sheet Balance Sheet (USD ‘000) 31.12.2023 30.06.2024 Cash and cash equivalents 7,420 5,579 Financial assets 8,386 5,281 Trade receivables 6,263 8,773 Prepaid expenses 2,063 2,160 Current income tax assets - 201 Other current assets 1,062 1,015 Total current assets 25,194 23,009 Property, pla
Slide 18: Income Statement
Income Statement Income Statement (USD ‘000) 1 January- 30 June 2023 1 January- 30 June 2024 Net sales 12,493 15,159 COGS (-) (6,334) (8,264) Gross profit before D&A 7,564 8,785 Depreciation and amortization 1,405 1,890 Gross profit after D&A 6,159 6,894 Gross profit margin 49% 45% 2024 2nd QUARTER
Slide 19: Corporate Social Responsibility Projects
Corporate Social As a global player, Hitit places utmost importance on its commitments to society and social responsibility Responsibility Projects Rackets Up project, Hitit's CSR project Gender Equality 411 Schools realized in partnership with the Turkish Mentoring women in technology jobs Table Te
Slide 20: Sustainability Initiatives
Sustainability We support our Partners and the aviation industry, as well as our own internal processes in adopting ESG Initiatives principles and best practices. 2022 and 2023 GHG and Carbon Footprint reports have been published at https://hitit.com/investor-relations/sustainability 2024 2nd QUARTE
Slide 21: Appendix
Appendix 2024 2nd QUARTER Organizational The Crane Use of IPO Shareholder Structure and Family Proceeds Structure Current Values 21
Slide 22: Shareholder Structure
Shareholder As of June 30, 2024 Structure 2024 2nd QUARTER %36,82 %23,19 %4,71 %4,34 %4,34 %26,596 Pegasus Hava Fatma Nur Dilek Hakan Özkan Free Float Taşımacılığı Gökman Ovacık Ünlü Dülger A.Ş. 22
Slide 23: Organizational Structure and Current Values
Organizational Structure and Current Values General Management Infrastructure Financial Product Transportation Sales & Affairs & Human Technology Deliver & Operation Strategy Solutions Marketing Purchasing Resources 2024 2nd QUARTER Total Number of Employees* Gender Education 2024 Q2 438 17% Female
Slide 24: High Employee Seniority and Satisfaction
High Employee Seniority Seniority and retention of employees above the industry average and Satisfaction Senior IT Staff According to 2024 LinkedIn data, while the average seniority in the top 10 software companies in Turkey is 2.9 years, this figure is 5 years for Hitit employees 2024 2nd QUARTER H
Slide 25: Crane Solutions
We provide turn-key solutions for every Crane Solutions step of the way in air travel. Passenger Services System A series of mission-critical systems used by airlines for reservations, ticketing, check-in, internet and mobile sales, departure control, loyalty programs and customer care. • Reservatio
Slide 26: Use of IPO Proceeds
Use of IPO Proceeds Overseas investments 10% 2024 2nd QUARTER Launching new 35% Development of software & business units 25% infrastructure of products and solutions suitable for different markets 30% Infrastructure, development & 26 improvements for the transition to cloud architecture
Slide 27: Thank You
THANK YOU Reşitpaşa Mah. Katar Cad. No: 4/1 ARI Teknokent 2 İç Kapı No: 601 34469 Maslak, İstanbul, Türkiye
Hitit Bilgisayar Hizmetleri A.Ş. — Q2 2024 Earnings Presentation on 6ix