Slide 1: Q1 2023 Results Presentation for Investors
Diego Cabezudo Javier Cañete CEO CFO Q1 2023 Results Presentation for Investors MAY 2023
Slide 2: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information
Slide 3: Q1´23 Key Highlights
Q1´23 Key Highlights Q1 2023 net revenues reached €16.6M, 12.3% up YoY (€14.8M), due organic growth and consolidation of TPartner acquired in Sept. 2022 Gross margin of €9.9M in Q1´23, 17.6% higher € than €8.4M from same period last year. Margin % significantly above last year (59.6% vs 56.9%)) Adj.
Slide 4: Q1 2023 Revenues
Q1 2023 Revenues About Gigas • Net revenues grew to €16.6M in the first three months of the year, 12.3% higher than the €14.8M from same period last year and 5.0% growth over previous quarter, due mainly to cloud organic growth (and the consolidation of TPartner acquired in September 2022 in the ann
Slide 5: Revenue Evolution
Revenue Evolution About Gigas Total Quarterly Revenues Cloud & Cyber Quarterly Revenues 12.3% 41.0% 10.3% 5.0% 2022 Rev by Geography 2022 Rev by Service Q1´23 Rev by Service
Slide 6: Q1 2023 Gross Margin and EBITDA
About Gigas Q1 2023 Gross Margin and EBITDA • Gross Margin of €9.9M in Q1’23, 17.6% better than the €8.4M of Q1´22 • Gross Margin reached 59.6% of net revenues substantially better than the 56.1% of same period of last year, and slightly better than the 59.1% budgeted, thanks to renegotiation of who
Slide 7: Q1 2023 Results
Q1 2023 RESULTS About Gigas GIGAS CONSOLIDATED RESULTS REAL REAL REAL BUDGET 2023 Figures in euros Q1 23 % Var Q1 22 % Var Q1 23 Net Revenues 16,575,987 12.3% 14,760,883 -1.0% 16,751,303 Cloud, IT & Cybersecurity Services 6,425,401 41.0% 4,557,357 -2.6% 6,596,652 Telecommunications Services 9,915,59
Slide 8: CAPEX 2019-2023
CAPEX 2019-2023 • Total CAPEX incurred in the first Quarter, including growth CAPEX and maintenance CAPEX, amounted to EUR 1.60 million, representing 19.5% of the total budgeted CAPEX for the year (EUR 8.2 million). Capex to Sales is 9.6%, lower than in previous years. • Maintenance CAPEX amounted t
Slide 9: Debt and Cash Evolution
Debt and Cash Evolution • Gross Debt at 30/MAR reached €43.0M, after TPartner acquisition but previous to New Debt Structured, signed mid April 2023. • Cash at hand amounted €9.9M as of 30/MAR, resulting in a net financial debt position of €33.1M, or 1.92x EBITDA budgeted for 2023. • Gross debt does
Slide 10: 2023 Budget
2023 Budget • The budget for the year foresees an 18% growth in the top line, representing 11% organic growth (excluding the full year consolidation effect from Tpartner) • In terms of Adjusted EBITDA, the Group expects €17.3M, representing a growth of 4.7%, lower than top line growth due to extraor
Slide 11: Share Evolution
Share Evolution • Share ended at €10.30 in 2022 and it was influenced by high market volatility in the first months of 2023 • Share Price closed at €7.64 on the 29th of May, significantly below the price at the start of the year • At current prices, market cap is €89M • Adding current Net Financial
Slide 12: Comparables
Comparables Country UK IT DE UK IT ES Annual Revenues £484.6M €118.8M €1,293M £110.5M €29.6M €61.6M 2022 EBITDA 2022 (*) £92.6M €37.0M €346M £19.1M €7.1M €16.5M(**) (margin %) (19%) (31%) (26%) (17%) (24%) (27%) Enterprise Value (EV) £947M €684M €3,223M £270M €78M €122M EV/ Revenues 2.2x 5.5 2.5x 2.
Slide 13: Investor relations contact
Investor relations contact: investor@gigas.com accio nista@gigas.com aa gigas