Proact It Group Ab · OMXSTO:PACT
Proact It Group Ab — Q3 2013 Earnings Presentation
20 slides from Proact It Group Ab's earnings presentation, 2013
Slide 1: Q3 2013
Q3 2013 Martin Ödman CEO
Slide 2: = PROACT inne m |
= PROACT 3 inne m | YY, Ve) i Uf //) ada y,! _—
Slide 3: Proact Summit September/October 2013
Proact Summit September/October 2013 More than 1 000 participants Very good feedback from the customers – many leads Increased interest from the customers with regards to Proact’s own “tracks” e.g. Services and CAPEX/OPEX The event is funded/sponsored by the suppliers
Slide 4: The third quarter in brief
The third quarter in brief The total income in the quarter fell by 6 % compared with the same period last year » Taking into account the currency effects and the sales of Exquip Services revenues were unchanged » Cloud services increased by 27 % compared to the same period last year System sal
Slide 5: Market trends
Market trends Growth in terms of mission critical information remains high Positive development regarding cloud services, a number of major contracts have been signed during the period A longer decision process with existing and potential new customers has led to lower system sales Gradual c
Slide 6: We are where you are
We are where you are Founded in 1994 Established in 13 countries with delivery all over the globe Revenue over SEK 2.4 billion (2012) Over 3,500 customers 670 employees, over 350 within services Listed on Swedish stock market
Slide 7: Proact is Europe's leading independent storage integrator and cloud enabler
We are where you are Proact is Europe’s leading independent storage integrator and cloud enabler delivering business agility
Slide 8: Financial Report January – September 2013
Financial Report January – September 2013
Slide 9: Income statement January – September 2013
Income statement January – September 2013 (MSEK) Jan-Sep Jan-Sep 2013 2012 System Sales 1 006.5 1 148.5 Revenue Services 557.0 569.6 Growth pro forma -5% Other 4.2 3.2 Currency and adj. -4% Revenue 1 567.7 1 721.3 Total growth -9% Growth system sales - 12 % Products and services -1 185.8 -1 308.0 Gr
Slide 10: Income statement July – September 2013
Income statement July – September 2013 (MSEK) Jul-Sep Jul-Sep 2013 2012 System Sales 263.8 297.2 Revenue Services 179.3 189.9 Growth pro forma -6% Other 1.6 0.3 Currency and adj. -3% Revenue 444.7 487.4 Total growth -9% Growth system sales - 11 % Products and services -332.6 -362.8 Growth services -
Slide 11: Income statement rolling 12 months
Income statement rolling 12 months (MSEK) Oct-Sep Oct-Sep 2012/2013 2011/2012 System Sales 1 504.8 1 652.6 Revenue Services 770.5 762.2 Growth system sales -9% Other 4.2 5.0 Growth services +1% Revenue 2 279.5 2 419.8 Total growth -6% Products and services -1 728,8 -1 851.4 Gross profit 550.7 568.4
Slide 12: Revenue per industry 12 months Oct-Sep 2012/2013
Revenue per industry 12 months Oct-Sep 2012/2013 Other; 7% (5%) Media; 3% (3%) Trading and services; 25% (26%) Bank and Finance; 10% (10%) Oil and energy; 8% (9%) Public sector; 22% (24%) Manufacturing; 13% (13%) Telecom; 12% (10%)
Slide 13: Cash flow January – September 2013
Cash flow January – September 2013 Liquid Funds December 31, 2012 103 Cash-flow from current operations -43 Current operations 83 Change in working capital -126 Cash-flow from investment activities -30 Fixed assets -33 Acquisitions -6 Sales of subsidiary 9 Cash-flow from financial activities -5 Divi
Slide 14: Cash flow July – September 2013
Cash flow July – September 2013 Liquid Funds June 30, 2013 44 Cash-flow from current operations -5 Current operations 22 Change in working capital -27 Cash-flow from investment activities -10 Fixed assets -10 Cash-flow from financial activities -4 Bank overdraft facilities 2 Contract financing -2 Ba
Slide 15: Cash flow rolling 12 months Oct-Sep 2012/2013
Cash flow rolling 12 months Oct-Sep 2012/2013 Liquid Funds September 30, 2012 29 Cash-flow from current operations 110 Current operations 116 Change in working capital -6 Cash-flow from investment activities -49 Fixed assets -49 Acquisitions -9 Sales of subsidiary 9 Cash-flow from financial activiti
Slide 16: Key ratios – Balance sheet
Key ratios – Balance sheet (MSEK) 2013 2013 2012 2012 Sep 30 Jun 30 Dec 31 Sep 30 Total Assets 1 181 1 301 1 493 1 264 whereof Goodwill 254 255 257 252 whereof Intangible fixed assets 124 130 141 141 whereof Accounts receivables 319 404 536 353 Equity 228 223 229 214 Solidity 19 % 17 % 15 % 17 % Cas
Slide 17: Revenue and Profit before tax per Business Unit, YTD
Revenue and Profit before tax per Business Unit, YTD January – September January – September 2013 2012 (MSEK) Revenue P.b.t Net Revenue P.b.t Net margin margin Nordics 842 34.9 4.1% 954 42.8 4.5% UK 391 8.4 2.1% 432 6.7 1.6% BeNeLux+Spain 254 4.4 1.7% 247 -2.2 Neg East 82 2.4 2.9% 112 4.1 3.7% Proac
Slide 18: Revenue and profit before tax per Business Unit, Q3
Revenue and profit before tax per Business Unit, Q3 July – September July – September 2013 2012 (MSEK) Revenue P.b.t Net Revenue P.b.t Net margin margin Nordics 223 18.8 8.4% 249 16.6 6.7% UK 128 2.8 2.2% 124 -2.2 Neg BeNeLux+Spain 79 2.3 2.9% 74 -0,7 Neg East 20 0.6 3.0% 45 3.3 7.3% Proact Finance
Slide 19: Proact share – Top 10 owners 2013-09-30
Proact share – Top 10 owners 2013-09-30 2013 2013 30 September 30 June LivförsäkringsAB Skandia 15.2 % 15.2 % IGC Industrial Growth Company AB 6.1 % 6.1 % Lannebo Micro Cap. 5.8 % 5.3 % Svolder Aktiebolag 5.8 % 3.2 % Swedbank Robur Småbolagsfond Sverige 5.4 % 5.4 % Skagen Vekst Verdipapirfondet 4.9
Slide 20: Questions?
Thank you for your time Questions?