Slide 1: Results presentation 1 January–31 December 2021
Results presentation 1 January–31 December 2021 Matti Mujunen, CEO 8 March 2022
Slide 2: Agenda
Agenda Result presented by: Matti Mujunen, CEO, Netum Group Plc • Netum in brief • Reporting period 2021 • Highlights of year 2021 • Responsible digital change • Updated strategy and financial targets 2
Slide 3: Netum – your trusted partner
Netum – your trusted partner Netum is a strongly growing IT services company with over 20 of experience of demanding IT projects. We help our customers in their digital transformation in line with our Legacy to Digi® concept, combining 1997 217 20 y + Founded IT professionals in Experience of tradit
Slide 4: Reporting period 2021
Reporting period 2021 4
Slide 5: Year 2021 in brief
Year 2021 in brief A year of significant events, profitable growth continued We signed a 6-year frame agreement with the KEHA Centre. €22.4M €3.1M €1.9M Revenue 2021 EBITA Operating profit We established the Cyber Security Servicess business area. We defined Netum’s first responsibility programme. +
Slide 6: Revenue growth continued
Revenue growth continued • Revenue €22.4M (17.5) Revenue, €M • Growth 28% 25 22,4 • Organic growth 20% • Organic growth supported by: 20 • Increased invoicing to existing customers 17,5 • Successful new customer acquisition 15 13,4 • Successful, front-loaded recruitment • Acquisition of Cerion Solut
Slide 7: EBITA on a good level
EBITA on a good level • EBITA €3.1M (3.1) EBITA, €M • 14% (18%) of revenue 3,5 3,1 • Profitability remained at a good level, exceeding 3,1 3 our medium-term target • Profitability was slightly burdened by the rapid 2,5 growth in the number of employees and the weaker-than-expected profitability of a
Slide 8: Financial position
Financial position Cash flow from operating activities, € M Equity ratio, % 2,5 70% 2,1 60,6 % 60% 2 50% 44,2 % 1,5 1,4 37,4 % 40% 1,2 30% 1 20% 0,5 10% 0 0% 2019 2020 2021 2019 2020 2021 8
Slide 9: Highlights of year 2021
Highlights of year 2021 9
Slide 10: Successful listing
Successful listing June 2021 • We raised gross assets of €8M • We acquired approximately 6,000 new owners • The personnel actively participated in the offering • The listing increased our reputation as an attractive employer and a responsible IT services company 10
Slide 11: Significant acquisition
Significant acquisition October 2021 • Cerion Solutions Oy, specialist in knowledge management and digitalisation • Debt-free net purchase price €6.0M • Possibly an additional purchase price of no more than €1.1M • 38 employees at the time of the transaction 11
Slide 12: Netum employees in 2021
Netum employees in 2021 Target to be the preferred employer in the industry • Number of personnel grew by 90 • 38 with the acquisition of Cerion Solutions • Employee turnover rate 6.8% • Personnel enquiry on meaningfulness of work and coping at work: best results in the measurement history • Great P
Slide 13: Customers in 2021
Customers in 2021 Target to be the most trusted digitalisation partner for customers • Extremely satisfied customers • service-mindedness of personnel 4.5/5 • professionalism of personnel 4.4/5 • co-operation as a whole 4/5 • Major agreements and projects in 2021 • 6-year frame agreement with the KE
Slide 14: Responsible digital change
Responsible digital change 14
Slide 15: Key themes of corporate responsibility at Netum
Key themes of corporate responsibility at Netum Netum operates in important social projects and helps its customers to develop their business through digitalisation. Services that make society Fair and pluralistic Professional personnel, Environmentally Ethical and profitably more responsible and wo
Slide 16: Corporate responsibility 2021
Corporate responsibility 2021 • Netum started its first corporate responsibility programme • High customer satisfaction: in co-operation, 38 8.6 9/10 customers valued especially the professionalism, NPS Customer Personnel NPS flexibility and customer-centricity of Netum’s (-100 - +100) experience me
Slide 17: Updated strategy and financial targets
Updated strategy and financial targets 17
Slide 18: Strategy 2025
Strategy 2025 The strategy supports our goal to be the most trusted partner in our industry and the preferred work community in responsible and secure digital transformation. • Growth through further investing in the Legacy to Digi service concept, core areas of expertise, strengthening the brand an
Slide 19: Financial targets, updated March 2022
Financial targets, updated 8 March2022 Growth: Target to achieve a revenue of €50M by 2025. Profitability: Profitable growth and annually at least 14% EBITA. Dividend policy: Netum aims to pay annually at least 40% of EBITA as dividends. 19
Slide 20: Outlook for 2022
Outlook for 2022 Updated 8 March 2022 • Netum expects its revenue to grow at least 30% from the previous year and EBITA to be over 14%. • The estimate is based on the positive demand outlook for the Group’s services and continued strong recruitment. • In the first months of the year, number of perso
Slide 21: Thank you!
Thank you! Questions? Feel free to contact us! Matti Mujunen CEO, Netum Group Plc Tel: +358 40 047 6401 Email: matti.mujunen@netum.fi 21
Slide 22: Appendices
Appendices 22
Slide 23: Key financials
Key financials (EUR thousand unless otherwise noted) 2021 2020 Revenue 22,401 17,541 +28% Revenue growth, per cent 27.7% 31.1% Revenue growth Organic growth, per cent 20.1% 33.6% EBITDA 3,395 3,242 EBITDA, % of revenue 15.2% 18.5% Operating profit excluding goodwill amortisation (EBITA) 3,140 3,083
Slide 24: Switchboard: 041 529 5555 | Sales: myynti@netum.fi | email: firstname.lastname@netum.fi | www.netum.fi |
Tampere Helsinki Turku Pori Jyväskylä Yliopistonkatu 58 B Annankatu 25 A Pitkämäenkatu 4 B Valtakatu 6 c/o Crazy Town 33100 Tampere 00100 Helsinki 20250 Turku 28100 Pori Kauppakatu 39 40100 Jyväskylä Switchboard: 041 529 5555 | Sales: myynti@netum.fi | email: firstname.lastname@netum.fi | www.netum.