Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO
Logo Yazilim Sanayi Ve Ticaret A.s — Logo Yazılım Sanayi ve Ticaret A.Ş. — FY2016 Earnings Presentation
16 slides from Logo Yazilim Sanayi Ve Ticaret A.s's earnings presentation, Feb 16, 2017
Slide 1: FY2016 Results Presentation
FY2016 RESULTS PRESENTATION Gülnur ANLAŞ CHIEF FINANCIAL OFFICER February 16th, 2017
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward- looking statements that reflect Logo management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations ref
Slide 3: Content
Content FY16 Operating Highlights Financial Review Questions & Answers
Slide 4: 2016 Highlights: Targets Achieved
2016 Highlights: Targets Achieved 2016 marks another year of achievements for Logo. Strong organic and inorganic growth has yielded top-line growth and increased profitability in line with budget: • Top-line IFRS growth of 48% y/y • EBITDA growth of 60% y/y • Net profit growth of 14% y/y • User base
Slide 5: 2016 Highlights: Inorganic Growth Continued
2016 Highlights: Inorganic Growth Continued Logo’s strategy to seek value-added inorganic growth opportunities continued in 2016. • Total Soft, Romania − Total Soft of Romania was acquired on September 2nd. − The company was re-organized as two main business units: ERP Division for local SMEs and la
Slide 6: Content
Content FY16 Operating Highlights Financial Review Questions & Answers LOGO General IR Presentation 2014
Slide 7: Financial Summary
Financial Summary FY 4Q Guidance w/o TS w/o TS IFRS (mn TL) 2015 2016* D D 4Q15 4Q16** D D 2016* Dev 2016 4Q16 Revenue 128.8 190.4 48% 163.0 27% 39.8 80.0 101% 58.4 47% 191.1 0% EBITDA 53.7 86.1 60% 81.0 51% 6.1 27.7 357% 23.3 285% 88.1 -2% EBITDA Margin 41.7% 45.2% 49.7% 15.2% 34.6% 40.0% 46.1% EBT
Slide 8: Key Financials
Key Financials Fourth Quarter Invoices & IFRS Revenues (TLmn) Invoices & IFRS Revenues (TLmn) Invoice CAGR: 43% IFRS CAGR: 45% 200 190 176 180 160 152 140 129 117 120 104 100 80 80 71 60 46 49 40 31 31 21 21 20 0 2010 2011 2012 2013 2014 2015 2016 • Invoiced revenues (ex Total 139 Soft) were TL147mn
Slide 9: Key Financials
Key Financials Recurring Invoices (TLmn) Recurring Invoices/Total Invoices (%) CAGR: 132% 100% 4% +16% 90% 20% 29% 6% 80% 41% 48% 52% 48% 70% 60% 26% 50% 96% 55% 40% 80% 71% 30% 59% 13% 52% 48% 52% 20% LEM 10% Maintenance 0% 2011 2012 2013 2014 2015 2016 2016 Pay as you go w/o TS SaaS • Recurring re
Slide 10: Key Financials
Key Financials R&D (TLmn) - As % of IFRS Revenue S&M (TLmn) - As % of IFRS Revenue G&A (TLmn) - As % of IFRS Revenue 29% 27% 31% 27% 22% 20% 11% 10% 10% +61% +10% +40% • Total R&D spending excluding Total Soft grew by 24% and its ratio to sales declined from 32% in 2015 to 31% in 2016. Together with
Slide 11: Key Financials
KeyFinancials Key Financials EBIT (TLmn) EBITDA (TLmn) Net Income (TLmn) CAGR: 60% CAGR: 49% CAGR: 71% 100 100 100 90 90 86 90 +60% 80 80 80 69 70 70 70 +71% 60 60 60 +14% 54 50 50 50 45 40 40 40 40 40 40 30 27 28 30 30 30 21 19 17 20 20 12 20 12 11 10 7 10 10 3 0 0 0 2011 2012 2013 2014 2015 2016 2
Slide 12: Key Financials
Key Financials Balance Sheet Highlights (TLmn) Working Capital (TLmn) 2015 2016 D 60% 54% 130 120 Cash & Cash Eq. 51.5 43.8 -15% 50% 110 Trade Receivables 71.9 92.9 29% 41% 41% 100 37% 37% 90 Tangible Assets 15.5 19.0 23% 40% 35% 80 Intangible Assets* 58.8 161.7 175% 30% 77 70 60 Other Assets 4.6 10
Slide 13: 2017 Guidance
2017 Guidance 2016 2016 Proforma 2017 Logo + Total Soft 4M Consolidated Logo + Total Soft 12M Consolidated Consolidated Invoiced Revenue (TLmn) +60% +28% 100 282 29 176 74 220 182 147 147 IFRS Revenue (TLmn) +46% +18% Logo Total Soft Consolidated Logo Total Soft Consolidated Logo Total 100Soft Conso
Slide 14: Share Performance
Share Performance LoI to 1H16 financials FMO to qua. Acquisition purchase Total released investors TL 3M2014 of 50.1% Soft signed (Aug 10, 2016) (Oct 31, 2016) financials 9M16 (Apr 4, 2016) released LoI with stake in 2014 Acquisition 9M2015 financials 60 (May 12. 1H2014 Intermat Intermat financials
Slide 15: Content
Content FY16 Operating Highlights Financial Review Questions & Answers
Slide 16: Thank you for joining us today
Thank you for joining us today LOGO Investor Relations Team T: +90 262 679 8000 E: investor@logo.com.tr 16
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