Materialise Nv · EURONEXT:MTLS
Materialise Nv — Q4 2015 Earnings Presentation
15 slides from Materialise Nv's earnings presentation, Mar 2, 2016
Slide 1: 4Q 2015 Financial Results Conference Call
4Q 2015 Financial Results Conference Call March 2, 2016 www.materialise.com NASDAQ: MTLS
Slide 2: Safe Harbor Summary
Safe Harbor Summary This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our intentions, beliefs, assumptions, projections,
Slide 3: Agenda
Agenda Fried Vancraen Q4 2015 Highlights Founder & CEO Enhanced Product Positioning & Branding Q4 2015 Financial Results Peter Leys Strategic Achievements & Goals – Executive Chairman 2015 and 2016 2016 Guidance Q&A Johan Albrecht CFO 3
Slide 4: Q4 2015 Highlights
Q4 2015 Highlights Total revenue increased 19% to 28,032 kEUR from prior year Deferred revenue from annual software sales and maintenance contracts increased 3,615 kEUR from prior year to 13,136 kEUR All three segments generated revenue gains and positive EBITDA Adjusted EBITDA was 2,979 kEUR for a
Slide 5: Enhanced Product Positioning & Branding
Enhanced Product Positioning & Branding The Materialise technology forms the software and services backbone of the 3D printing industry. The Materialise backbone enables both AM operations and 3D printing applications. From that platform, Materialise has built various product suites tailored to the
Slide 6: Consolidated Revenue
Consolidated Revenue Q4 2015 Revenue Consolidated Revenue 34% Manufacturing € 120.000 40% € 110.000 € 102.035 Software € 100.000 Medical € 90.000 € 81.355 € 80.000 26% € 70.000 € 60.000 € 50.000 Q4 2015 Revenue € 40.000 € 28.032 € 30.000 € 23.591 € 20.000 Q4 2014 Q4 2015 FY 2014 FY 2015 25% Software
Slide 7: Consolidated Adjusted EBITDA
Consolidated Adjusted EBITDA Consolidated Adjusted EBITDA € 6.500 7.1% € 5.752 € 5.500 € 4.500 3.6% € 3.687 10.6% € 3.500 € 2.979 € 2.500 3.9% € 1.500 € 927 € 500 Q4 2014 Q4 2015 FY 2014 FY 2015 Q4 2015 consolidated adjusted EBITDA more than tripled. Reflects strong revenue growth and moderate incre
Slide 8: Software Segment
Software Segment Revenue EBITDA 35.2% € 28.000 € 25.798 € 10.000 € 9.093 € 9.000 36.4% € 23.000 € 8.000 € 7.000 € 6.586 € 18.095 € 18.000 € 6.000 € 5.000 37.1% € 13.000 € 4.000 30.7% € 2.706 € 3.000 € 7.301 € 1.665 € 8.000 € 5.424 € 2.000 € 1.000 € 3.000 €0 Q4 2014 Q4 2015 FY 2014 FY 2015 Q4 2014 Q4
Slide 9: Medical Segment
Medical Segment Revenue EBITDA 9.7% € 40.000 € 3.500 € 34.856 € 2.917 € 35.000 € 3.000 € 30.034 € 30.000 € 2.500 € 25.000 € 2.000 € 20.000 € 1.500 7.8% 5.7% 1.2% € 15.000 € 1.000 € 747 € 8.813 € 9.570 € 501 € 422 € 10.000 € 500 € 5.000 €0 Q4 2014 Q4 2015 FY 2014 FY 2015 Q4 2014 Q4 2015 FY 2014 FY 20
Slide 10: Manufacturing Segment
Manufacturing Segment Revenue EBITDA 4.0% € 1.800 € 1.645 € 45.000 € 41.381 € 1.600 € 40.000 3.4% € 1.400 9.3% € 35.000 € 33.222 € 1.144 € 1.200 € 1.033 € 30.000 € 1.000 € 25.000 € 800 € 600 € 20.000 -0.4% € 400 € 15.000 € 11.161 € 9.563 € 200 €(38) € 10.000 €0 € 5.000 -€ 200 Q4 2014 Q4 2015 FY 2014
Slide 11: Income Statement Highlights
Income Statement Highlights (in thousands of euros, except where indicated) Q4 Full Year 2015 2014 2015 2014 Revenue 28,032 23,591 102,035 81,355 Cost of sales (11,456) (9,543) (42,963) (32,396) Gross profit 16,576 14,048 59,072 48,959 Research & development expenses (4,742) (4,679) (18,186) (15,093
Slide 12: Other Financial Highlights
Other Financial Highlights (in thousands of euros) 12/31/2015 12/31/2014 Cash & equivalents 50,726 61,019 Receivables 22,843 18,370 Inventories 5,387 3,660 Payables 9,967 7,333 Total deferred income 16,601 12,419 Total borrowings 21,089 17,347 Total equity 82,955 85,167 Total liabilities and equity
Slide 13: Strategic Achievements & Goals
Strategic Achievements & Goals Strengthening position as backbone of 3D printing industry and leading enabler of 3D printing applications 2015 Achievements 2016 Strategic Priorities Bolstered position in traditional 3D printing market SOFTWARE Continue to execute backbone strategy through structured
Slide 14: Fiscal 2016 Guidance
Fiscal 2016 Guidance Consolidated 115M to 120M euros Revenue Consolidated 7M to 9M euros Adj. EBITDA(1) Deferred Revenue 3M to 4M euros Note: These objectives do not represent budget estimates or projections of any type and have not been prepared by management in the manner budget estimates or proje
Slide 15: Adjusted EBITDA Reconciliation
APPENDIX Adjusted EBITDA Reconciliation For the quarter For the year ended ended December 31 December 31 (in thousands of euros) 2015 2014 2015 2014 Net profit/(loss) 2,145 (546) (2,860) 1,872 Income taxes (1,010) (40) (389) 387 Financial expense 362 329 2,470 1,150 Financial income (718) (698) (3,5