Slide 1: Q1 Results 2025
Cyviz May 15th, 2025 Q1 Results 2025
Slide 2: Agenda and Presenters
Agenda and Presenters Q1’25 in brief Performance 2020 – 2025 Business Highlights Espen Gylvik | CEO Q1 Financials Outlook Q&A Karl Peter Gombrii | CFO 2
Slide 3: Solid revenue and bookings growth; EBITDA slightly impacted as gross margins ease
Solid revenue and bookings growth; EBITDA slightly impacted as gross margins ease from last year’s peak Q1-25 in brief Revenue of NOK 136 million Gross profit of NOK 74 million EBITDA of NOK 1.2 million in Order intake of NOK 112 million in Q1, up 29 million compared (54% margin), up NOK 2 million Q
Slide 4: Cyviz Group rolling 12-months trend 2020-2025
ROLLING 12-MONTHS TREND 2020-2024 CAGR vs Q4 2020 (LTM) Cyviz Group ORDER REVENUE GROSS INTAKE PROFIT 37% 30% 33% ORDER INTAKE (MNOK) GROSS PROFIT (MNOK) EBITDA (MNOK) 0% +7% +6% 775 313 315 37 36 36 306 289 295 32 710 286 30 30 676 280 282 28 642 641 25 626 632 620 257 589 21 561 220 517 185 9 435
Slide 5: Positive gross margin trend
Positive gross margin trend • Drift driven by larger projects with repeat accounts, and ARR • Gross profit fluctuates due to product mix and timing effects impacting quarterly performance • Gross margin 2024 is above average trend over time – reversal in 2025 anticipated 75% Gross margin (Q) Gross m
Slide 6: Business Highlights
en Business Highlights
Slide 7: Business Highlights Q1 2025
New Logos RER, ITR Key Defense Deal 1mUSD Aker BP, multiple Ministry of Energy Business Chandipur Cyviz has won the opportunity to orders 3mUSD Existing customer continue MEAP region surges deliver mission critical solutions Cyviz remains Aker BP’s to trust Cyviz for their forward with new wins in t
Slide 8: Q1 Financials
SNK Q1 Financials
Slide 9: Q1 Financial highlights
(all figures in NOK million) +27.4% Revenues Q1 Financial 189 168 160 137 160 139 136 • NOK 29 million revenue growth (27%) 120 107 • Rolling 12-months trend at NOK 624 highlights million versus NOK 555 million in Q1 2024 (+12%) REVENUES Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 +1.9 96
Slide 10: Operating cash flow
Operating Key drivers Q1 cash flow • Pre-tax loss driven by NOK 6.3 million FX loss (disagio) • Increase in receivables (AR) reflects Operating cash flow Q1 project activity and geographical mix with longer collection cycles • Procurement for ongoing and upcoming deliveries increased inventory level
Slide 11: Outlook
SNK Outlook
Slide 12: Profitable growth driven by growing core business, new products and services, and cost optimization
Outlook Profitable growth driven by growing core business, new products and services, and cost optimization ly Profitable growth & cash management 1 Continues focus on profitability through cost optimization, new services, and continued revenue growth. Putting new tighter processes in place for coll
Slide 13: Q&A
Q&A Q&A