Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — 9M 2024 Earnings Presentation
16 slides from Txt E-solutions's earnings presentation, Nov 15, 2024
Slide 1: TXT Group: 9-months 2024 Results
TXT Group: 9-months 2024 Results Call with Investors November 15 | 11 a.m. (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: 9-m 2024 results show boost in organic growth
2 9-m 2024 results show a boost in the organic growth of the Top Line and Operating Profit pushed by synergies. Revenues Solid Organic EBITDA Growth in 9m-24 €220 Mn €28.0 Mn +37.8% +26.5% * +31.0% vs. 9m-2023 +€42 Mn Equal to 12.8% of revenues * Including revenues from non-core activities in the Te
Slide 3: KPIs: 9m-2024 by Offering
3 _KPIs: 9m-2024 by Offering KPIs reported in 9m-2024 show continuity in the growth plan of TXT based on the mix of organic growth of business, M&A contribution and synergies that are expected to generate additional growth and benefits during the year: EBITDA margin expected to recover in Q4, with a
Slide 4: Value creation: 9m-2024
4 _Value creation: 9m-2024 R&D INVESTMENTS (fully expenses in the period) € 10.5Mn 9m-24, +56% vs. 9m-23 SMART SOLUTIONS REVENUES € 43.9Mn 9m-24, +48% vs. 9m-23 INTERNATIONAL REVENUES € 56.7Mn 26% of total revenues SUSTAINABLE DEBT (Adjusted) + TREASURY SHARES FOR FINANCING GROWTH € 60Mn (Net Debt a
Slide 5: Core Markets & Incidence
Core Markets & Incidence 5 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 2000 experts, competence centers in AI, cybersecurity, XR, IoT. 25% Aerospace & Defense 7% In
Slide 6: Business Evolution & Subsequent Events
6 _Business Evolution & Subsequent Events
Slide 7: M&A Webgenesys: Strategic Value
M&A Webgenesys: 7 Strategic Value • On November 8, 2024, TXT announced the signing of the investment agreement for the acquisition of 84.1% of the capital of Webgenesys, ICT company founded in 2009 that currently operates as a digital enabler, positioning itself as a driver of digital innovation pri
Slide 8: M&A Webgenesys: Investment KPIs
M&A Webgenesys: 88 Investment KPIs • The consideration for the acquisition of 100% of Webgenesys at closing has been agreed at €63.0 million, including the net cash expected to be approximately €4 million. The EV/EBITDA multiple agreed at closing with the Seller is equal to ~7,3x the EBITDA expected
Slide 9: TXT strengthens its offering in Digital Manufacturing with FOCUS PLM
TXT strengthens its offering 9 in Digital Manufacturing with FOCUS PLM • On October 2, 2024, TXT announced the acquisition of the 100% of the share capital of Focus PLM, a boutique specialized in providing innovative services and solutions for the digitalization of factories. • Focus PLM was founded
Slide 10: FINANCIALS
10 FINANCIALS
Slide 11: 9m-2024 details
11 € thousand 30.09.2024 % 30.09.2023 % Var % REVENUES 219,564 100 159,356 100 37.8 Direct costs 148,048 67.4 102,670 64.4 44.2 GROSS MARGIN 71,516 32.6 56,686 35.6 26.2 9m-2024 details Research and Development costs 10,464 4.8 6,724 4.2 55.6 Commercial costs 18,683 8.5 15,466 9.7 20.8 General and A
Slide 12: Q3-2024 details
Profit & loss: Q3-2024 details 12
Slide 13: NET Financial Debt: solid financial position
13 .000 Euro 30.09.2023 31.12.2023 Var olid financial position Cash (25.072) (37.927) 12.855 Trading securities at fair value (25.871) (24.058) (1.813) NET Financial Debt: Other Short Term Financial Assets - (810) 810 Short term Financial Debts 58.046 57.654 392 Short term Debt 7.103 (5.141 ) 12.244
Slide 14: Balance sheet: details
Intangible assets 85,900 30,205 Tangible assets 20,430 2,026 Other fixed assets 24,462 (947 ) Inventories 25,718 18,733 6,985 Trade receivables 85,424 74,346 11,078 Other short term assets 16,778 14,876 1,902 Trade payables (27,514 ) ) Tax payables (9,368 ) (11,208 ) Other payables and short term li
Slide 15: Shareholding structure; Dividends and Treasury Shares Repurchase
15 Shareholding Structure September 30th, 2024* Dividends and Treasury Shares Repurchase (€m) hareholding structure * Latest Public Data Available as of 30 Sep. 2024 Treasury 18 16,3 15,4 Shares; 7% 16 L.V.O. Global Asset Laserline 14 4,6 Management S.A. SpA; 30% 12 3% 10 13,3 7,5 8 6,8 5,3 5,5 6 11
Slide 16: Q&A
17 Q&A