Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — FY2020 Earnings Presentation
25 slides from Asseco South Eastern Europe's earnings presentation, Feb 24, 2021
Slide 1: Payten Asseco South Eastern Europe
Payten Qsseco wemenor O.SSECO SOUTH EASTERN EUROPE
Slide 2: Financial Results for 2020 And Business Update
Financial Results for 2020 And Business Update February 24th, 2021 Warsaw
Slide 3: 4Q 2020: Highlights
4Q 2020: Highlights • Strong 4Q 2020 contributing to very good annual financial results of ASEE Group • Dynamic growth in Dedicated Solutions and significant efficiency improvement in own solutions business line • Demand for multichannel solutions and mobile banking together with growing efficiency
Slide 4: 4Q 2020 results
4Q 2020 results OSS eco SOUTH EASTERN EUROPE
Slide 5: Q4 2020 ASEE Best Deals
Q4 2020 ASEE Best Deals. Banking Business Unit Dedicated solutions → Further implementations of Adaptive Elements → Live for a hospital in Croatia Platform in 2 international banking groups (more → Live for a bank in BiH countries/branches added, licenses, modules) → BPM prioprietary solution for Wa
Slide 6: Q4 2020 Payten Best Deals
Q4 2020 Payten Best Deals. E-Commerce • NestPay for Halkbank Serbia • NestPay and MSU for Altabank Serbia • NestPay and MSU for international bank in Serbia • Hosted Nestpay solution for Turkish bank in Germany • MSU for Tepe Security in Turkey • MSU for Petrol Ofisi fuel products distribution in Tu
Slide 7: 4Q'20: Double digit growth continues
4Q’20: Double digit growth continues mEUR mPLN Q4 2020 Q4 2019 % Diff Q4 2020 Q4 2019 % Diff Revenue 73.7 64.3 +15% 334.7 275.6 +21% EBITDA 13.9 12.5 +11% 63.4 53.6 +18% EBIT 9.7 8.1 +20% 44.3 34.7 +28% NPAT 7.8 6.6 +18% 35.3 28.1 +26% EBITDA % 18.9% 19.4% EBIT % 13.2% 12.6% EBIT non-IFRS 9.8 8.3 +1
Slide 8: 4Q'20: Solid growth and higher profitability in Dedicated Solutions
4Q’20: Solid growth and higher profitability in Dedicated Solutions Revenue EBITDA EBIT mEUR Q4 2020 Q4 2019 Diff Q4 2020 Q4 2019 Diff Q4 2020 Q4 2019 Diff 46 790 216 38 946 542 ###### 8 248 478 6 270 323 ###### 7 304 485 5 202 899 ###### Payment * 26.9 25.3 1.6 5.7 6.2 -0.6 2.4 2.9 -0.5 Non-Payment
Slide 9: 4Q'20: Continued growth in POS
4Q’20: Continued growth in POS Revenue per BUs Q4 2020 Revenue mEUR eCommerce 13% Q4 2020 Q4 2019 Diff (15%) eCommerce 3.4 3.8 -0.4 Processing 4% (4%) Processing 1.0 1.0 0.1 ATM 26% ATM 6.9 7.0 -0.1 POS 58% (28%) (54%) POS 15.5 13.6 2.0 Payment 26.9 25.3 1.6 9
Slide 10: 4Q'20: Turkey and Iberia contributing most to EBIT growth
4Q’20: Turkey and Iberia contributing most to EBIT growth Revenue EBIT mEUR Q4 2020 Q4 2019 Diff % Diff Q4 2020 Q4 2019 Diff % Diff B&H 2.4 2.3 0.1 +4% 0.2 0.4 -0.3 -63% Croatia 9.4 8.4 1.0 +12% 2.1 1.7 0.4 +21% Iberia 7.5 6.5 1.0 +16% 0.7 -0.1 0.8 Latam 1.3 1.4 -0.1 -6% -0.1 0.1 -0.2 Macedonia 4.4
Slide 11: 1-4Q 2020 results
1-4Q 2020 results OSS eco SOUTH EASTERN EUROPE
Slide 12: 2020: Growing business improving profitability
2020: Growing business improving profitability mEUR mPLN FY 2020 FY 2019 % Diff FY 2020 FY 2019 % Diff Revenue 229.4 204.9 +12% 1 026.5 881.3 +16% EBITDA 49.8 40.9 +22% 222.9 175.9 +27% EBIT 32.6 25.5 +28% 145.6 109.7 +33% NPAT 26.4 21.1 +25% 118.2 90.9 +30% EBITDA % 21.7% 20.0% EBIT % 14.2% 12.4% E
Slide 13: 2020: Higher EBIT in all segments
2020: Higher EBIT in all segments. Revenue EBITDA EBIT mEUR FY 2020 FY 2019 Diff FY 2020 FY 2019 Diff FY 2020 FY 2019 Diff ######### ######### ###### 21 978 906 16 626 740 ###### 17 843 964 12 754 444 ###### Payment 102.8 85.6 17.3 27.8 24.3 3.6 14.7 12.8 2.0 Non-Payment 126.6 119.3 7.3 22.0 16.6 5.
Slide 14: 2020: Revenues up 20% mainly due to POS
2020: Revenues up 20% mainly due to POS Revenue per BUs FY 2020 Revenue eCommerce 13% mEUR (13%) FY 2020 FY 2019 Diff Processing 3% eCommerce 13.5 11.2 2.3 (4%) Processing 3.2 3.5 -0.3 POS 55% ATM 29% ATM 29.7 26.8 2.9 (52%) (31%) POS 56.4 44.1 12.3 Payment 102.8 85.6 17.3 14
Slide 15: 2020: Strong Serbia. Growth in Iberia and Turkey
2020: Strong Serbia. Growth in Iberia and Turkey Revenue EBIT mEUR FY 2020 FY 2019 Diff % Diff FY 2020 FY 2019 Diff % Diff B&H 9.3 7.5 1.8 +24% 1.2 1.2 0.0 +3% Croatia 34.2 32.0 2.1 +7% 6.1 5.8 0.3 +5% Iberia 26.1 24.3 1.7 +7% 1.8 0.3 1.5 +496% Latam 4.4 4.0 0.4 +10% -0.2 0.3 -0.5 Macedonia 16.2 13.
Slide 16: Liquidity
Liquidity OSS eco SOUTH EASTERN EUROPE
Slide 17: Solid cash flow translated to higher Net Cash
Solid cash flow translated to higher Net Cash Asseco SEE Group mEUR 31 Dec'20 2019 YE Diff Cash and short term investments 54.0 47.0 7.0 Lease liabilities -12.8 -15.6 2.8 Bank loans and credit lines -12.8 -21.8 9.0 Deferred payments for acquisitions (short-term) -4.6 -3.3 -1.3 Net Cash 23.8 6.3 17.5
Slide 18: Strong operating cash flow in 4Q improving LTM values
Strong operating cash flow in 4Q improving LTM values Asseco SEE Group mEUR 2020 2019 2018 Operating cash flow* 46.5 38.1 29.2 - Infrastructure for outsourcing -4.9 -10.0 -5.8 - infrastructure for IAD -0.5 -0.5 -1.4 - Capitalized R&D -0.2 0.0 -0.3 - M&A -4.2 -10.6 0.0 - Other CAPEX -2.7 -2.1 -2.6 Fr
Slide 19: Outlook for 2021
Outlook for 2021 OSS eco SOUTH EASTERN EUROPE
Slide 20: Total ASEE Group incl. Payten
Total ASEE Group incl. Payten mEUR Q1 2021 Q1 2020 % Diff mEUR 2021 2020 % Diff Revenues BL 53.8 49.5 +9% Revenues BL 164.5 160.8 +2% Margin1 BL 38.3 34.6 +11% Margin1 BL 129.9 117.5 +11% 45 140 40 +11% +11% 120 35 100 30 25 80 20 38.3 34.6 60 129.9 117.5 15 40 10 5 20 0 0 Q1 2021 Q1 2020 2021 2020
Slide 21: Banking and Dedicated solutions
Banking and Dedicated solutions mEUR Q1 2021 Q1 2020 % Diff mEUR 2021 2020 % Diff Revenues BL 27.6 22.7 +22% Revenues BL 81.8 79.2 +3% Margin1 BL 18.3 15.6 +17% Margin1 BL 57.4 48.6 +18% 20 70 18 +17% 60 +18% 16 14 50 12 40 10 8 18.3 15.6 30 57.4 6 20 48.6 4 10 2 0 0 Q1 2021 Q1 2020 2021 2020 * Back
Slide 22: Payten
Payten mEUR Q1 2021 Q1 2020 % Diff mEUR 2021 2020 % Diff Revenues BL 26.2 26.9 -2% Revenues BL 82.7 82.3 +0% Margin1 BL 20.0 19.0 +5% Margin1 BL 72.5 68.9 +5% 25 80 +5% 70 +5% 20 60 15 50 40 10 20.0 19.0 30 72.5 68.9 20 5 10 0 0 Q1 2021 Q1 2020 2021 2020 * Backlog data as on February 23rd, 2021 22
Slide 23: Thank you
Thank you http://asseco.com/see/
Slide 24: Legal disclaimer
Legal disclaimer The content presented in this presentation is subject to copyright protection and has the ownership title. Texts, graphics, photographs, sound, animations and videos as well as their distribution in the presentation are protected under the Copyright and related rights Law. Unauthori
Slide 25: Payten Asseco South Eastern Europe
Payten Qsseco wemenor O.SSECO SOUTH EASTERN EUROPE
Asseco South Eastern Europe — FY2020 Earnings Presentation on 6ix