Slide 1: Interim Results 2023
Interim Results 2023 19 September 2023
Slide 2: Steve Brown and Fern MacDonald
Steve Brown Fern MacDonald Chief Executive Officer Chief Financial Officer 2023 Interim Results ©2023 accesso Technology Group plc 2
Slide 3: Agenda
Agenda First Half Highlights Operational Performance Review First Half Financial Results Summary & Outlook 2023 Interim Results ©2023 accesso Technology Group plc 3
Slide 4: First Half Highlights
a Ad llega First Half Highlights A accesso.
Slide 5: Solid first half performance
Solid first half performance Focused on accesso’s long-term future Solid financial performance $65.8m in revenue represents 3.2% growth on 2022 as demand stabilised. Cash EBITDA of $6.5m reflects overhead increase from improved hiring conditions, investment to complete a new product and staff from a
Slide 6: Operational Performance Review
Operational Performance Review
Slide 7: Strategically important acquisitions
Strategically important acquisitions Exciting additions to our business and product set Acquisition criteria Leading ticketing and visitor management platform Increase Enhance Our Product Geographic Diversification Flexible and integrated solution for the ski industry Mobile Broaden Growth Boost Ear
Slide 8: Strategic acquisitions to drive growth
Strategic acquisitions to drive growth Expanded opportunity with addition of high-quality solutions Leading ticketing and entitlement platform Hosted ski resort solution including tickets, rentals and snow school management Serves WDW, the world’s largest theme park resort destination, located in Or
Slide 9: Evolving our product set for the future
Evolving our product set for the future The leading technology provider to leisure, entertainment and cultural markets TICKETING & DISTRIBUTION GUEST EXPERIENCE PAY M E N T S , S E C U R I T Y, S U P P O R T & P R O F E S S I O N A L S E R V I C E S Sector Product Market Global Reach Employees World
Slide 10: Continued success and innovation
Continued success and innovation Delivering with operation excellence and laying groundwork for further growth Expanded customer base Continued revenue growth Advanced product set 16 new venues signed Record unit sales for ShoWareSM Significant upgrade across accesso Passport 5 of those in ski Conti
Slide 11: People & culture
People & culture Committed, smart-thinking and customer- focused workforce driving us forward New Hires 50 new hires during the first half Turnover significantly down Lower turnover on the previous year at 4.8% New support for all employees Wellbeing and dependents including mental health app access
Slide 12: Financial Results
Financial Results A accesso.
Slide 13: Financial Highlights
Financial Highlights Revenue Split HY ’23 & HY ’22 Solid performance & three acquisitions completed 3.5% A period of revenue Group revenue of $65.8m 7.8% growth alongside stabilising demand was 3.2% higher year-on-year HY 2023 76.3% 12.4% Gross margin trends to 73.5% Strong gross margin from 73.8% i
Slide 14: Revenue by Type
Revenue by Type Discussion and Analysis ($ in thousands) HY 2023 HY 2022 Change (%) Virtual Queuing 10,386 9,090 14.3 Transactional revenue delivered good Virtual Queuing seasonal staffing cost 2,811 2,533 11.0 performance during H1 2023 to $50.1m, up reimbursement 6.2% on H1 2022. Ticketing and eCo
Slide 15: Income Statement
Income Statement Discussion and Analysis ($ in thousands) HY 2023 HY 2022 Change (%) Gross profit increase of 2.8% to $48.3m Revenue 65,783 63,732 3.2 delivered at a 73.5% gross margin, slight decrease on prior period. Cost of sales (17,457) (16,700) 4.5 Administrative expenses increased 12.3% to $4
Slide 16: Cash EBITDA
Cash EBITDA Discussion and Analysis ($ in thousands) HY 2023 HY 2022 Change (%) TABLE The Group delivered cash EBITDA for the Operating (loss)/profit (801) 3,276 (124.5) period of $6.5m, in line with our expectations. Add: Exceptional expenditure on acquisition & 2,466 296 733.1 integration related
Slide 17: Cash Flow
Cash Flow ($ in thousands) HY 2023 HY 2022 Discussion and Analysis Operating cash flow before movement in working 6,296 11,498 capital Net cash at the end of the period has Working capital movements (6,381) (12,280) reduced to $9.2m due to the net cash Cash (used in) operations (85) (782) outflow on
Slide 18: Summary & Outlook
> Summary & Outlook A accesso.
Slide 19: Summary & Outlook
Summary & Outlook Confident in continued growth Alongside transformational steps with three key acquisitions completed, the upcoming Full Year launch of accesso Freedom and continued evolution across our product set, the Group Outlook expects another profitable and cash generative year in line with
Slide 20: Thank you
Thank you