Zalaris Asa · OSL:ZAL

Zalaris Asa — Q1 2018 Earnings Presentation

22 slides from Zalaris Asa's earnings presentation, May 3, 2018

  1. Slide 1: Interim report | First quarter 2018

    Interim report | First quarter 2018 3 May 2018

  2. Slide 2: Presenters and agenda

    Presenters and agenda 1. Highlights 2. Financial performance in the first quarter 3. Market trends 4. Outlook Hans-Petter Mellerud Nina Stemshaug Founder and CEO CFO © zalaris 2018 Page: 2

  3. Slide 3: Highlights | Strategy and operations

    Highlights | Strategy and operations New contracts and expansions prove scalability ▪ Financial results continued the trend from previous quarters, with revenues up more than NOK 80m for the quarter. Both organic and M&A related growth. New contract with ▪ New contract signed with oil champion Aker

  4. Slide 4: Highlights | Financial: Growth both organically and through M&As

    Highlights | Financial Growth both organically and through M&As ▪ Group total revenue amounted to Key figures NOK 186.2 million (NOK 106.4 million). NOK million Q1/18 Q1/17 2017 Revenues 186.2 106.4 577.3 1 ▪ Group operating profit Q1/18 was Operating profit 11.3 10.7 37.0 NOK 11.4 million, represen

  5. Slide 5: Revenue split

    Revenue split Growth in all segments in UK & Ireland Distribution of revenues ▪ Growth through acquisitions reflected by geography (in percent) in more balanced geographic presence across Europe. ▪ New geographical regions going forward: Nordics & Baltics, Central Europe and UK & Ireland. ▪ Central

  6. Slide 6: Customer reach

    Customer reach Number of employees served by HR Outsourcing Number of employees served (1000’) ▪ Number of employees and group full time equivalent at the end of the quarter were 837 and 779. 272 266 271 280 ▪ Number of customer employees served by HR Outsourcing per month is 280 000 201 203 ▪ Expan

  7. Slide 7: Key financials

    Key financials First quarter 2018

  8. Slide 8: Group operating revenues

    Group operating revenues Revenues up NOK 80m to above NOK 185m Operating revenues (in NOK million) ▪ Total revenue for Zalaris Group in Q1/18 was NOK 186.2 million, NOK 80m or 75.0% growth 194 compared to the same quarter previous year. 200 186 ▪ The organic growth was 2.9% in Q1/18 151 150 compared

  9. Slide 9: Revenues by segment

    Revenues by segment Positive trend for HR Outsourcing HR Outsourcing Consulting Cloud Services (NOK m) (NOK m) (NOK m) ▪ Q1/18 revenues increased ▪ Activities have grown from ▪ Revenues in Q1/18 with 18.6% to NOK 108m 2.2 NOK million to 47.3 NOK amounted to NOK 31.2 compared with the same million. G

  10. Slide 10: Group operating profit

    Group operating profit | Integration activities progressing according to plan, affecting margins Group operating profit (in NOK million) ▪ Q1/18 operating profit for the group was NOK 11.3 million excluding other costs, representing a 6.1% margin (NOK 10.7 million and 10.1%). 12,4 11,3 ▪ All busines

  11. Slide 11: Profit by business segment

    Profit by business segment Margin improvement on the agenda HR Outsourcing Consulting Cloud Services (amounts in NOK million) (amounts in NOK million) (amounts in NOK million) ▪ Q1/18 operating margin was ▪ Q1/18 operating margin was ▪ Q1/18 operating margin in 5.7%. 13.6%. Q1/18 was 3.8% ▪ The unde

  12. Slide 12: Financial position

    Financial position Capital structure change due to recent acquisitions Cash and cash flows Q1/18 Changes in balance sheet and cash flows (in NOK million) ▪ As of 31 March, total assets amounted to NOK 561.8 million and total equity was NOK 125.3 million. This equals an equity ratio of 22.3% (56.6%).

  13. Slide 13: Concluding remarks

    As 2ALARIS Concluding remarks

  14. Slide 14: Our ongoing Integration Program aim at creating one Zalaris

    Our ongoing Integration Program aim at creating one Zalaris © zalaris 2018 Page: 14

  15. Slide 15: It is incredibly motivating to see the spirit and positive mood in our joint organization

    It is incredibly motivating to see the spirit and positive mood in our joint organization © zalaris 2018 Page: 15

  16. Slide 16: Regional Business Units are Business Operators responsible for profitable delivery

    Regional Business Units are Business Operators responsible for profitable delivery of products and services to customers within the region © zalaris 2018 Page: 16

  17. Slide 17: Our Service and Product Lines aim at developing market oriented offerings

    Our Service and Product Lines aim at developing and manage market oriented offerings across the regions © zalaris 2018 Page: 17

  18. Slide 18: ROC and sumarum will be rolled into the Zalaris brand in mid-June

    ROC and sumarum will be rolled into the Zalaris brand in mid-June, reflecting our ambition to become a one-stop shop for the HR function of European Organizations + + = © zalaris 2018 Page: 18

  19. Slide 19: Concluding remarks: Potential in scalable business model confirmed

    Concluding remarks Potential in scalable business model confirmed ▪ Through recent acquisitions Zalaris has built a significantly stronger platform for continued organic growth. Q1/18 shows growth both organically and through M&As. ▪ Expansions for existing customers in new markets such as Germany a

  20. Slide 20: Important notice

    Important notice This Presentation includes certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements relate to future circumstances and results and other statements that are not

  21. Slide 21: We open for questions

    As 2ALARIS We open for questions

  22. Slide 22: Thank you!

    Zalaris ASA Thank you! PO Box 1053 NO-0218 Oslo Hans-Petter Nina Stemshaug Mellerud CEO & Founder CFO +47 4000 3300 hans-petter.mellerud@zalaris.com nina.stemshaug@zalaris.com www.zalaris.com

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