Cyviz As · OSL:CYVIZ
Cyviz As — Q3 2024 Earnings Presentation
14 slides from Cyviz As's earnings presentation, Nov 19, 2024
Slide 1: Q3 Results 2024
Cyviz November 19th, 2024 Q3 Results 2024
Slide 2: Today's Agenda and Presenters
Today’s Agenda and Presenters Q3’24 in brief Performance 2020-2024 Espen Gylvik Business Highlights CEO Q3 & YTD financials Outlook Karl Peter Gombrii Q&A CFO Agenda 2
Slide 3: Strong Q3 on all metrics recuperating from a slow Q2 due to order carry-over
Strong Q3 on all metrices recuperating from a slow Q2 due to order carry-over Q3’24 in brief Revenue of NOK 160 Gross profit of NOK 82.9 EBITDA of NOK 9.1 Order intake of NOK 192 million in Q3, up 33% million (48.2% margin), million in Q3, up NOK 15.6 million, up 108% compared compared to last year.
Slide 4: Cyviz Group rolling 12-months trend 2020-2024
ROLLING 12-MONTHS TREND 2020-2024 LTM CAGR vs Q4-20 Cyviz Group ORDER REVENUE GROSS INTAKE PROFIT 39.4% 29.6% 34.2% ORDER INTAKE (MNOK) GROSS PROFIT (MNOK) EBITDA (MNOK) +50% +9% +11.1 775 306 36.7 36.4 289 295 710 280 282 286 676 30.0 27.9 30.3 642 257 25.4 626 632 589 20.8 561 220 517 185 9.0 435
Slide 5: Business Highlights
en Business Highlights
Slide 6: Business Highlights Q3 2024
Business USD 7.0m 30+ Command & control USD 5.2m New Microsoft USD 0.7m Advanced meeting room Q2 Q3 Rooms for a central electricity Envisioning Site and solutions for Empire Wind Highlights company in Saudi Arabia upgrade of existing. (Equinor) in NYC SIGNIFICANT New 2024 Logo: Visa USD 0.8m USD 0.3
Slide 7: Business Highlights YTD
Business USD 0.8m High end boardroom for a USD 0.4m New Navy Federal USD 0.7m Support & Maintenance Q2 government ministry in project with Cyviz. Renewals DLA, P&G and Fidelity Highlights YTD Saudi Arabia SIGNIFICANT USD 13.8m New Logo: Visa Strategic Alliance USD 2.5m - WINS Microsoft continues to
Slide 8: Q3 Financials
SNK Q3 Financials
Slide 9: Q3 Financial highlights
(all figures in NOK million) +33.1% Revenues Q3 Financial 180 168 160 160 116 137 120 139 • 33.1% up from Q3 2023 107 • Rolling 12-months trend at NOK 574 highlights million versus NOK 597 million in Q3 2024 (NOK -23 million) REVENUES Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 +20.3 Gross
Slide 10: YTD results
(all figures in NOK million) -3% 417 Revenues YTD results 406 306 • A 3 % decline from YTD 2023 driven by 223 high-margin, lower revenue items 2024 shipped in Q1 and design revenue in Q2 REVENUES YTD/Q3-21 YTD/Q3-22 YTD/Q3-23 YTD/Q3-24 +9% 218 Gross profit 201 • 53.3 % gross margin YTD 2024 139 comp
Slide 11: Operating cash flow
Operating cash flow Q3 Key drivers Q3 Operating • Operating result driven by positive EBITDA of cash flow NOK 9.1 million; pre-tax loss due to currency losses (disagio) -9.5 • Slower collection and associated increase in 9.7 AR with impact of -15 million -16.1 7.3 • Inventory increase of 1.3 million
Slide 12: Outlook
SNK Outlook
Slide 13: 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 Profitable growth & cash management 1 Increased focus on profitability through cost optimization, new services and continued revenue growth. Putting new tighter processes in place for collecti
Slide 14: Q&A
Q&A Q&A