Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q4 2023 Earnings Presentation
17 slides from Arribatec Group ASA's earnings presentation, February 2024
Slide 1: Quarterly presentation Q4 2023
Quarterly presentation Q4 2023 ^ Geir Johansen, CEO
Slide 2: Highlights Q4
Highlights Q4^ ⁃ Quarterly revenue of NOK 143m (141m) and 2% growth ⁃ EBTIDA of NOK 1.8m (-9.7m) an improvement of NOK 11.5m ⁃ NOK 39 (40) in cash at the end of the quarter ⁃ YTD cash flow from operating activities improved by NOK 60.4m compared to 2022 ⁃ All business areas show positive EBITDA in t
Slide 3: Modest growth and positive EBITDA
Modest growth and positive EBITDA ^ Revenue Recurring EBITDA NOK 143m (141m) NOK 55.2m (50m) NOK 1.7m (-9.7m) +1.7% qrt/qrt +11% qrt/qrt +118% qrt/qrt Organic Growth +1.7% 39% of total revenue Margin 1.3% NORWAY EUROPE R.O.W. Revenue NOK 96m (84m) Revenue NOK 41m (46m) Revenue NOK 6m (12m) +14% qrt/
Slide 4: Offices around the globe
17 402+ 1700+ Offices around Employees across Clients across the globe business areas* industries 4 * Includes long term hired in consultants
Slide 5: Arribatec's five business areas
~175 pax Arribatec’s five business areas ^ Business Services 50% 20% 20% ~75 pax EA & BPM 8% 2% Cloud ~60 pax Marine Hospitality ~35 pax ~15 pax 5
Slide 6: Q4-23 performance per business areas vs. Q4-22
Q4-23 performance per business areas vs. Q4-22^ BizS EA-BPM Cloud -6.5% 4.4% 5.5 % 19.0% 3.7% 0.8% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 70m* 3.1m** 29.0m* 5.5m** 31m* 0.3m** Revenue EBITDA Revenue EBITDA Revenue EBITDA HspT Marine 448% 44.3% 55% 25%*
Slide 7: Revenue development for each BA per quarter
Revenue development for each BA per quarter ^ Total 37% 38% 37% 35% 34% 35% 41% 38% recurring % Outside 38% 40% 41% 40% 38% 39% 33% 38% Norway 150m 148m 150 143m 148 143 Total revenue 126m 141m 9 127 120m 140 1 13 132m 120 118m 8 2 132 13 Clear seasonal 13 118 1 13 1 32 13 6 pattern in revenue Marin
Slide 8: Revenue development 12 months trailing
Revenue development 12 months trailing^ 571 573 557 529 505 480 457 441 414 NOK mill 359 291 217 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 8
Slide 9: Sales - new contracts and scope extensions
Sales - new contracts and scope extensions ^ Q4: 497 contracts for a total value of NOK 215 million (128m in Q4-22) +69% 220 215 100 91 200 191 90 180 80 160 70 NOK mill. NOK mill. 140 135 128 60 57 58 56 121 120 50 100 93 86 38 40 35 80 63 30 60 40 20 20 10 6 3 4 1 0 0 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23
Slide 10: Cash flow development
Cash flow development ^ Cash from operation for 2023 improved by 60m compared to 2022. • Net cash flow from operation vas +12m for Q4 2023. This compares to a negative 14m in same quarter 2022. • Net cash flow from investing activities was NOK -14m in Q4. Of the capitalized assets, main part is capi
Slide 11: Balance sheet development
Balance sheet development ^ Liabilities & Equity Assets 515 501 515 501 Equity Goodwill Non/current Intangibles Current Other non-current 205 207 Other current 282 262 Trade receivables NOK mill. Cash 77 53 50 73 71 66 40 39 189 162 88 91 40 39 Y.E 2022 Q4-2023 Y.E 2022 Q4-2023 11
Slide 12: Outlook
Outlook ^ • Robust demand for cloud services will drive growth for our cloud- and managed IT-services • Cloud migrations and related digital transformation projects is expected to increase due to Unit4’s decision to stop support of their on-premise ERP solution. • Hospitality to grow significantly o
Slide 13: Arribatec. we simplify complexity
Arribatec. we simplify complexity
Slide 14: Condensed consolidated statements of profit and loss
Condensed consolidated statements of profit and loss 14
Slide 15: Consolidated statements of financial position
Consolidated statements of financial position 15
Slide 16: Consolidated statements of changes in equity
Consolidated statements of changes in equity 16
Slide 17: Consolidated cash flow statement
Consolidated cash flow statement 17