Cbrain A/s · OMXCOP:CBRAIN
Cbrain A/s — Investor Presentation (November 2024)
32 slides from Cbrain A/s's investor presentation, November 2024
Slide 1: Investor presentation November 2024
Investor presentation November, 2024
Slide 2: Content
Content • cBrain facts & numbers • On track with the Growth Plan 2023-25 • Results, internal revenue goal and forecast • International development • Partners • Beyond the Growth Plan 2023-25 • Strategic intent: become a global leader of COTS for government • Complete and fully integrated and easy to
Slide 3: cBrain facts & numbers
cBrain facts & numbers • Founded in 2002 by CEO Per Tejs Knudsen • We deliver a unique platform for e-government. One of a kind, standard software, built for government. F2 • Listed on NASDAQ Copenhagen 2006 • 13.500+ shareholders in 40 countries • 220+ employees in 7 locations. Partners in 5 locati
Slide 4: On track with Growth Plan 2023-25
On track with Growth Plan 2023-25
Slide 5: 2023-2025 Growth Plan
2023-2025 Growth Plan Consolidate reference position • Build super accounts Based on a strong Danish • Grow revenue to DKK 350m in 2025, reference position up from DKK 188m in 2022 • Denmark ranks #1 in the United Nations global Climate software for government e-government survey • Door opener for e
Slide 6: Plan 2023-2025: Results, internal revenue goal and forecast
Plan 2023-2025: Results, internal revenue goal and forecast Half year target 350 mDKK (30%) 180 270 mDKK (20%) 225 mDKK (20%) 135 90 107 132 118 129 139 141 124-136 162 188 2023: 20% 2024: 20% 2025: 30% 1H-23 2H-23 1H-24 2H-24 1H-25 2H-25
Slide 7: Plan 2023-2025: Results, internal revenue goal and forecast
Plan 2023-2025: Results, internal revenue goal and forecast Half year target Earnings before tax (EBT) goal 2023-2025: 15-20% Half year result • EBT status/forecast 2023 34% 1H 2024 31% Forecast 2H 2024 Forecast 2024 24-30% 350 mDKK (30%) 180 270 mDKK (20%) Forecast 263-275 mDKK (10-15%) 225 mDKK (2
Slide 8: 1H-2024 Results
1H-2024 Results Share of revenue Share of revenue REVENUE (DKK) REVENUE GROWTH EBT MARGIN SOFTWARE SALES INTERNATIONAL SALES 139m 6% 31% 80% 37%
Slide 9: 1H-2024 Revenue
1H-2024 Revenue REVENUE split by Revenue 1H-2024 Sales in Denmark and International • DK revenue increased by 21% to DKK 87m, from DKK 72m in 1H-2023 First half year 140.000 • Export decreased by 13% to DKK 52m, from DKK 60m in 1H-2023 120.000 100.000 • Export decrease is due to the unusual revenue
Slide 10: 1H-2024 Revenue
1H-2024 Revenue REVENUE split by Revenue split Software and Sales og Services • Software revenue increased by 5% to DKK 111m, from DKK 105m in 1H-2023 First half year 140.000 • Software revenue constitutes 80% of the total revenue 120.000 100.000 • Sales of services increased by 7% to DKK 28m, from
Slide 11: International development: Germany and US
International development: Germany and US Solid position in Germany • German revenue accounted for approximately one-third of total revenue in 1H 2024 • Due to the success at DRV, cBrain was awarded the title “Danish Company of the Year 2023” by the German-Danish Chamber of Commerce. cBrain. This a
Slide 12: White House: CEQ Report for Congress on Permitting
White House: CEQ Report for Congress on Permitting
Slide 13: Virginia Department of Environmental Quality's Permitting Enhancement and Evaluation
Virginia Department of Environmental Quality’s Permitting Enhancement and Evaluation Platform® is a platform to bring transparency to the Department's permitting processes by providing current information about the critical steps and permitting schedules needed for permit approval. This platform pro
Slide 14: International development: Other countries
International development: Other countries Partnerships Romania • cBrain's partner in Romania has delivered the first F2 solutions for government customers, using the F2 Service Builder to support customer-specific process requirements. Building up new leads. Ghana • In March, cBrain announced that
Slide 15: International development: Other countries
International development: Other countries Other projects Nigeria • In June, cBrain signed an agreement with the Ministry of Innovation, Science and Technology in Nigeria to deliver a Proof of Concept (PoC) project. • The purpose is to deliver an F2-based solution that demonstrates secure and transp
Slide 16: Stepping stones and super accounts
Stepping stones and super accounts • UNDP Process Library
Slide 17: UNDP Process Library in Nairobi
It has been agreed to establish a process library at UNDP Resilience Hub in Nairobi. The Process Library will form the platform for developing and scaling best practice solutions for government across the region, using inclusion, capacity, economy, and resilience as key strategic pillars. long-lasti
Slide 18: cBrain solutions around the globe
cBrain solutions around the globe cBrain serves customers across 5 continents. F2 has proven that the model for digital bureaucracy developed in close collaboration with the Danish government can be applied worldwide. cBrain HQ Customers and solutions
Slide 19: Beyond the Growth Plan 2023-25
Beyond the Growth Plan 2023-25
Slide 20: Strategic intent: Become a global leader of COTS for government
Strategic intent: Become a global leader of COTS for government Commercial off-the-shelf software Commercial Off-the-shelf Software (COTS) is mass produced software accessible by everyone. Commercially available off-the-shelf (COTS) software is software, which are adapted aftermarket to the needs of
Slide 21: Strategic intent: Become a global leader of COTS for government
Strategic intent: Become a global leader of COTS for government cBrain intends to become a global leader of COTS for government • F2 offers a unique value proposition Value proposition • Complete and integrated platform Complete and fully integrated platform • Built for government • Easy to customiz
Slide 22: Strategic intent: Become a global leader of COTS for government
Strategic intent: Become a global leader of COTS for government cBrain business and growth is based on 3 core building blocks Super accounts • We build our business through long-term relationships with strategic Building blocks customers Super Accounts Subscriptions Subscriptions F2-for-Partners • c
Slide 23: Best-of-breed versus COTS for government
Best-of-breed versus COTS for government Software for government digitization F2 Digital platform: Standard software/COTS • Huge global market, still growing • Built for government • Dominated by large system integrators • Complete • Custom-built solutions, based on best-of-breed • Fully integrated,
Slide 24: Digital Transformation Projects
Digital Transformation Projects COTS for Government democratizes IT Modernization • Addresses the technical labor gab, heavily reducing the need for technical resources • Enables a new type of partners who offers specialized government transformation. From strategy advice to delivery, based on gover
Slide 25: Complete and fully integrated, built for government and easy to configure
Complete and fully integrated, built for government and easy to configure Design and configure case flows (services) and registers, stored in process library F2 customer specific solution Processes Registers Configuration and setup ServiceBuilder/Toolchain Administrator menu Configuration of standar
Slide 26: F2 Functions Library. Fully integrated and ready-to-run
F2 Functions Library. Fully integrated and ready-to-run Windows client Digital Platform Web client Mobile application E-post Case flow and checklists Chat Self-service Unit inboxes Registers Communication Process Approvals and requests Collaboration Status Knowledgesharing Meetings AI Assistant LLM/
Slide 27: F2 Functions Library. AI enabled as an integrated part of F2 Version 12
F2 Functions Library. Fully integrated and ready-to-run. AI enabled as an integrated part of F2 Version 12 AI Assistant Citizen or company Government caseworker • On-premise Front end • Fully integrated • Built for government LLM Data
Slide 28: F2 Service Builder. Onboarding processes simply by filling out a spreadsheet
F2 Service Builder. Onboarding processes simply by filling out a spreadsheet Design & Upload configure to F2 Step Process Software diagrams sheet Design Configuration F2 Software Based on government best practices and Declare and change process by filling One digital platform, fully the digital bure
Slide 29: Solution diversity
Solution diversity Broad solution gallery • Climate and Environment • Business Affairs • Education Copy & Adapt • Reusing process libraries • Energy • Family Configuration and setup • Immigration ServiceBuilder/Toolchain Administrator menu Configuration of Process library • Labor and market regulati
Slide 30: Stepping stones and super accounts
Stepping stones and super accounts Stepping stones Lifting revenue growth to 30% Base revenue growth 10-15%
Slide 31: Stepping stones and super accounts
Stepping stones and super accounts • UNDP Process Library • Permitting US. Washington and California • Germany. DRV • India • ELM Saudi • Kenya federal government • Romania • Ghana
Slide 32: CBRAIN
CBRAIN