Also Holding Ag · SIX:ALSN
Also — ALSO Media and Investor Conference 2025
13 slides from Also's conference presentation, Feb 18, 2025
Slide 1: Sustainable Profitable Growth Through Ecosystem
SUSTAINABLE PROFITABLE GROWTH THROUGH ECOSYSTEM ALSO MEDIA AND INVESTOR CONFERENCE 2025 18 February 2025
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or a solicitation to purchase or invest in any securities of ALSO Holding AG (the "Company"), nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. This
Slide 3: Management Summary
MANAGEMENT SUMMARY ► Attractive IT market ► ALSO’s sustainable investments in ecosystem over 14 years ► Due to this, strong results of 2024 and ► Higher results for the future ALSO Media and Investor Conference 2025 18 February 2025 3
Slide 4: Key Figures
KEY FIGURES m€ 2024 2023 Delta in % Monetization in € / UU / p.a. 258 Net sales before PvA 10 963 11 118 -1.4 +13.2% 228 Thereof Supply 6 351 6 748 -5.9 Thereof Solutions 3 292 3 295 -0.1 Thereof Service 1 320 1 075 +22.8 2023 2024 Thereof Cloud 1 133 866 +30.8 Unique Users EBITDA 234 247 -5.2 in Mi
Slide 5: EBITDA
EBITDA Bridge 2023 – 2024 (in M€) +12 Further optimizations of -5 +9 ► Mix 247 ► Organisation -10 +11 234 ► Countries -30 2023 Profitability FX impacts Volume Cost savings Expenses One-off 2024 increase reduction for growth ALSO Media and Investor Conference 2025 18 February 2025 5
Slide 6: ROCE
ROCE Bridge 2023 – 2024 (in M€) +130 +193 -79 ► ROCE 29.6% 731 ► Continuation of NWC 665 -177 -1 optimization ► Dividend increase proposed Free Cashflow: 244 ► Share buyback planned Cash 2023 Change in NWC Other op. CF Investment CF Financing CF FX Cash 2024 ALSO Media and Investor Conference 2025 1
Slide 7: Key Drivers of Future Growth
KEY DRIVERS OF FUTURE GROWTH ► Operational Excellence ► Further Mix Optimizations ► Digital Platforms ► M&A ALSO Media and Investor Conference 2025 18 February 2025 7
Slide 8: Key Drivers of Future Growth: Operational Excellence
KEY DRIVERS OF FUTURE GROWTH OPERATIONAL EXCELLENCE Improvement m€ 2014 2024 OPEX 339 457 EBITDA 124 234 Ratio 0.4 0.5 Potential EBITDA/OPEX EBITDA/Logistic expenses EBITDA/PEX 1.2 6.0 1.3 0.8 0.5 2.3 0.2 0.3 0.4 ∅ A B ∅ C D ∅ E F ALSO Media and Investor Conference 2025 Country examples A, B, C, D,
Slide 9: Key Drivers of Future Growth: Potential Cloud
KEY DRIVERS OF FUTURE GROWTH POTENTIAL CLOUD Improvement 2014 2024 UU in million 0.03 4.4 Monetization in € / UU / p.a. 33 258 Net Sales before PvA M€ 1 1 133 Potential Additional potential Market share in % Monetization 18 339 2 000 258 96 3.2 258 0.1 ∅ G H ∅ I J 2024 Mid - term ALSO Media and Inve
Slide 10: Key Drivers of Future Growth: Potential Other Digital Platforms
KEY DRIVERS OF FUTURE GROWTH POTENTIAL OTHER DIGITAL PLATFORMS Improvement 2020 2024 Net Sales before PvA M€ 95 208 Potential (TAM in b€, Market shares 2024) AI Cybersecurity IoT Virtualization 35 35 240 23 <0.1% <0.1% <0.1% <0.1% TAM Market TAM Market TAM Market TAM Market share share share share A
Slide 11: Guidance 2025 and Mid-Term
GUIDANCE 2025 AND MID-TERM 425 - 525 EBITDA in M€ 285 - 325 234 2024 2025 Mid-term (2027–2029) ROCE 29.6% >17.0% >25.0% ALSO Media and Investor Conference 2025 18 February 2025 11
Slide 12: Q&A
Q&A
Slide 13: Thank You
THANK YOU
ALSO Holding — ALSO Media and Investor Conference 2025 on 6ix