B3 Consulting Group Ab · OMXSTO:B3
B3 Consulting Group Ab — Q1 2023 Earnings Presentation
20 slides from B3 Consulting Group Ab's earnings presentation, 2023
Slide 1: Interim Report B3 Consulting Group Q1 2023
Interim Report B3 Consulting Group Q1 2023
Slide 2: Speakers from B3 Consulting Group
Speakers from B3 Consulting Group Questions? Please click on the envelope icon next to the audiocast or send an email to: ir@b3.se HEAD OF BUSINESS AREA CLOUD & CEO CFO TECHNOLOGY PLATFORMS Anette Billing Johanna Eriksson Martin Stenström 2
Slide 3: B3 Consulting Group
B3 Consulting Group 19 years of building a successful group of companies • Consulting company within IT and management • Founded in 2003 • 800+ employees in Sweden and 200+ in Poland • 11 Offices in Stockholm, Borlänge, Gävle, Gothenburg, Jönköping, Linköping, Malmö, Sundsvall, Örebro, Krakow and Wa
Slide 4: Q1 2023
Q1 2023 2023 starts out with 11.7% growth and 12.6% EBIT-margin • Revenue 324.6 (290.5) MSEK, 11.7% growth • EBIT Q1 40.9 (39.1) MSEK, EBIT-margin 12.6% (13.5%) • Profit after tax 33.6 (31.9) MSEK • Earnings per share before dilution 3.41 (3.38) SEK • Average number of employees is 794 (699) • Reven
Slide 5: Financial overview Group
Financial overview Group 11.7% growth in the first quarter, more normalized market demand Comments: Q1 Jan-Dec +11.7% growth in the first Extract of B3’s key figures 2023 2022 Δ% 2022 quarter 2023; Ø market demand and Net Sales, SEK million 324.6 290.5 11.7% 1 148.1 utilization more normalized compa
Slide 6: Alternative financial overview incl. B3 Poland
Alternative financial overview incl. B3 Poland 15.8% growth and 13% EBIT Q1 Jan-Dec Alternative key figures with B3 Poland fully 2023 2022 Δ% 2022 B3 Consulting Poland Q1 consolidated Net sales incl. B3 Poland, SEK Million 363.2 313.6 15.8% 1 269.5 Net sales 38.6 (23.1) MSEK EBITDA incl. B3 Poland,
Slide 7: B3s Consulting Poland
B3s Consulting Poland A success story – starting in 2018 • B3 Consulting Poland was established in 2018 by the entrepreneurs Martin Nilsson and Rafal Dabkowski • Today B3 Consulting Poland has more than 200 employees • Several new clients in Q1: Decathlon Empik (Polish leading books, press, multimed
Slide 8: Revenue and EBIT (R12)
Revenue and EBIT (R12) Strong long term development, profitability excelled in the last two years Revenue per quarter and R12 (MSEK) EBIT per quarter and R12 (MSEK) 140 1 182 985 871 98 831 759 48 35 35 216,8 207,0 176,6 239,1 247,8 218,6 163,5 221,5 227,8 233,5 271,6 290,5 289,5 235,8 332,3 324,6 1
Slide 9: Revenue break-down
Revenue break-down Strong organic growth based on own consultants Revenue break-down per quarter (MSEK) Comments: 14 13 25 Ø B3 has a history of growth 26 in revenue based on own 11 12 consultants 12 24 24 Ø Insignificant proportion 25 of subcontractors today 6 20 Ø Some increase of sub- 9 13 11 con
Slide 10: Revenue break-down
Revenue break-down Lower utilization compensated by increase in hourly rates Revenue break-down first quarter (MSEK)* Comments: 2 1 12 Ø Lower utilization compared to the first 325 quarter last year due to -10 more normal demand in 28 the market Ø Slight increase in hourly rates compensates the lowe
Slide 11: Cash Flow & Net debt
Cash Flow & Net debt Steady financial position and net cash positive Comments: Ø Cash flow from operations, in line with the same period last year Ø Cash flow from financing activities partly effected by dividend relating to subsidiaries with non- controlling interests and amortization of loan. Ø Ne
Slide 12: Share per Business Area
Share per Business Area Strong growth in Cloud & Technology Platforms Revenue, share per business area EBIT, share per business area Comments: Ø Adjusted names of the business areas since Q1 2023, minor impact on financial reports Ø Equal distribution between the business areas Ø Demand for system d
Slide 13: Cloud and Technology Platforms
Cloud and Technology Platforms Services for efficient, secure, scalable and accessible infrastructure • Revenue MSEK 104.3, 20.6% growth • EBIT 14.4 MSEK, EBIT margin 13.8% • 30.5% of the group’s revenue in Q1 • Strong demand in Q1 with new assignments at Almi and the Swedish Tax Agency among others
Slide 14: Spread across different industries – R12
Spread across different industries – R12 Stability and risk diversification in a more uncertain market Bank finans Banking, forsäkring finance, 19% (19%) insurance 19% (19%) Comments: Government Myndighet, agencies, kommun 14%municipalities (14%) 14% (14%) Ø B3 continues to have a Industry14% Indust
Slide 15: Customers and new business
Customers and new business Strengthened position as a digital partner • B3 has signed new framework agreements with Verisure, the Central Bureau of Statistics, Sveriges Radio and Sundsvall municipality • Continued growth in the Health sector. New contract with the Västerbotten Region, Gävleborg Regi
Slide 16: Other important events in Q1
Other important events in Q1 Changes in the Group management team • New partnership with Women In Tech. B3 participated in the Nordics' largest technology conference for women in March • Strengthened collaboration with AWS. Tommy Liikamaa has been recruited as AWS leader and to contribute to strengt
Slide 17: Market Outlook
Market Outlook Current trends in a more uncertain market • Energy crisis and high inflation creates uncertainty in the market, clients more tentative around investments • More normalized market demand • IT-projects more business driven in the future and more focused on cost reduction • Increased dem
Slide 18: Summary
Summary • 2023 starts out with 11.7 growth in and 12.6% EBIT • A good first quarter with more normalized market demand • Strong growth within business area Cloud & Technology Platforms • Growing business with customers such as Almi, Preem, Region Stockholm among others. • New business area managers
Slide 19: Q&A
Q&A 19
Slide 20: Creating Possibilities Together
Creating Possibilities Together