Addnode Group Ab Class B · OMXSTO:ANOD_B
Addnode Group Ab Class B — Q3 2013 Earnings Presentation
17 slides from Addnode Group Ab Class B's earnings presentation, 2013
Slide 1: Interim Report Q3 2013
Interim Report Q3 2013
Slide 2: A Challenging Quarter – Addnode Group Can Do Better
Q3 2013 A CHALLENGING QUARTER – ADDNODE GROUP CAN DO BETTER • Net sales totaled SEK 301.4 (291.3) M, MSEK 350 MSEK 30 up 3 percent. 300 25 • EBITA amounted to SEK 14.4 (27.1) M, and EBITA-margin of 4.8 (9.3) percent.1) 250 20 • Longer decision making processes in 200 the industry has affected the li
Slide 3: Significant Events
SIGNIFICANT EVENTS Significant events during the third quarter of 2013 • Acquisition of Joint Collaboration AS, a Norwegian software company with annual sales of approximately SEK 135 M. • Order for e-archives for the Swedish National Police Board valued at SEK 10 M. Significant events after the end
Slide 4: Growth and Earnings Distribution, Q3 2010 – Q3 2013
GROWTH AND EARNINGS DISTRIBUTION, Q3 2010 – Q3 2013 SEK M • Addnode Group has, through increased focus on product content of customer solutions, increased the proportion of recurring revenue regarding support and maintenance. 4
Slide 5: Acquisition of Joint Collaboration AS
ACQUISITION OF JOINT COLLABORATION AS • Joint Collaboration AS was founded in 2001 and today consists of over 50 people and is Norway's largest provider of projects and collaboration solutions to the oil, gas and construction industries. • Joint Collaboration’s solutions have more than 45,000 users
Slide 6: Acquisition of Joint Collaboration - Preliminary purchase price allocation
Acquisition of Joint Collaboration - Preliminary purchase price allocation Cash payment on the day SEK 60.9 M Newly issued B shares SEK 45.0 M Prel. Net cash Settlement SEK 29.7 M Prel. Provision for contingent consideration SEK 66.0 M Prel. Payment for Joint Collaboration SEK 201.6 M Which identifi
Slide 7: Four Business Areas
FOUR BUSINESS AREAS A strong and comprehensive Group of high performance IT companies with leading positions in selected markets. IT solutions for the IT solutions for case creation and management management, municipal of digital design models administration, e-archives and drawings. and geographic
Slide 8: Net Sales and EBITA by Business Area, Q2 2013
NET SALES AND EBITA BY BUSINESS AREA, Q2 2013 Net sales by Business Area EBITA by Business Area Content Design 16 Mgt 11% Mgt 45% 14 12 10 8 6 Process Mgt 28% 4 2 0 Design Mgt 1) PLM Mgt Process Mgt Content Mgt2) -2 PLM Mgt 16% -4 8 1) Exkluding non-recurring costs by SEK -1,3 M 2) Exklusive non-rec
Slide 9: Growth in the various countries was mixed – Norway reported a favorable trend
Q3 Q3 9 months 9 months 2013 2012 2013 2012 Net sales 137,3 124,3 445,1 407,4 Growth 10% 7% 9% 11% EBITA 5,71) 11,7 28,51) 37,2 EBITA-margin 4,2 9,4% 6,4% 9,1% Average number of 258 226 238 219 employees 1) Excluding non-recurring costs of SEK 1.3 M for management changes in Denmark • Growth in the
Slide 10: Design Management business area results
Q3 Q3 9 months 9 months 2013 2012 2013 2012 Net sales 49,0 52,1 175,3 176,5 Growth -6% 1% -1% -4% EBITA 1,8 4,6 9,3 13,0 EBITA-margin 3,7% 8,8% 5,3% 7,4% Average number of 160 138 138 140 employees • Earnings in the third quarter has been affected by customers' longer decision- making processes for
Slide 11: Process Management business area results
Q3 Q3 9 months 9 months 2013 2012 2013 2012 Net sales 86,9 77,6 291,2 265,7 Growth 12% 10% 10% 4% EBITA 14,6 13,9 51,9 45,1 EBITA-margin 16,8% 17,9 17,8% 17,0% % Average number of 265 245 265 242 employees • The growth is explained by a complementary acquisition and a strong demand for the products
Slide 12: Content Management business area results
Q3 Q3 9 months 9 months 2013 2012 2013 2012 Net sales 32,6 40,4 111,9 130,2 Growth Neg 1% Neg -1% EBITA -1,71) 3,1 -6,41) 10,8 EBITA-margin -0,1% 7,7% 5,7% 8,3% Average number of 173 179 173 173 employees 1) Exkluding non recurring costs by SEK 4,5 M • The business area’s offering within the web, in
Slide 13: Strong Balance Sheet and Cash Flow
STRONG BALANCE SHEET AND CASH FLOW SEK 105 M SEK 65 M NET CASH CASH FLOW FROM OPERATING 2013-09-30 ACTIVITIES Jan – September 2013 SEK 6 M 56 % Net cash EQUITY 2013-09-30 13
Slide 14: Seasonal Variations
Seasonal variations Net sales EBITA Quarterly development Quarterly development 14
Slide 15: Summary
Summary • A tough market situation • Customers’ want to invest but it takes longer time to sell. • Leading positions in several markets. • Underlying customer needs and growth. • Customers in both private and public sector. • Business model with recurring revenue. • Strong balance sheet and healthy
Slide 16: Questions?
QUESTIONS? CEO and President Staffan Hanstorp staffan.hanstorp@addnodegroup.com +46 (0)733 77 24 30 Head of Business Development & Corporate Communciations Johan Andersson johan.andersson@addnodegroup.com +46 (0)704 20 58 31 16
Slide 17: Addnode Group
ADDNODE GROUP ABOU ARKIVA CAD-Q ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP CARTESIA DECERNO _ IDA INFRONT ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP INFUSEIT KARTENA MITTBYGGE ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP MOGUL PROSILIA TECHNIA ADDNODE GROUP ADDNODE GROUP ADDNODE GROUP TEKIS VOICE PROVIDE