Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — Q3 2023 Earnings Presentation
11 slides from Gigas Hosting Sa's earnings presentation, Dec 21, 2023
Slide 1: Q3 2023 Results Presentation for Investors
Diego Cabezudo Javier Cañete CEO CFO Q3 2023 Results Presentation for Investors DEC 2023
Slide 2: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A session) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gigas”, the “Company“ or the “Gigas Group"). This Information
Slide 3: Q3 2023 Key Highlights
Q3 2023 Key Highlights Net Revenues reached €49.5M in first 9 months 2023, from €45.8M the previous year, 8.2% growth, although below budget (-6.4%) Gross Margin of €30.1M in first 9 months 2023, € 6.6% better than €28.2M of same period 2022, which represents 60.9% of revenues, better than the 58.8%
Slide 4: Revenues 9 months 2023
Revenues 9 months 2023 About Gigas • Net revenues grew to €49.5M in the first nine months of the year, 8.2% higher than the €45.8M from same period last year but 6.4% lower than budgeted, due mainly to the full consolidation of TPartner acquired in September 2022, and organic growth, driven by cloud
Slide 5: Gross Margin and EBITDA 9m 2023
About Gross Margin and EBITDA 9m 2023Gigas • Gross Margin of €30.1M in 9m 2023, 6.6% better than the €28.2M of 9m 2022 • Gross Margin reached 60.9% of revenues, slightly lower than the 61.7% of same period of last year, due to extraordinary savings of telecom wholesale contracts in 2022, but much be
Slide 6: 9m 2023 Results
9m 2023 RESULTS About Gigas GIGAS Consolidated Results REAL REAL REAL REAL REAL REAL Budget 2023 Figures in euros Q1 23 Q2 23 Q3 23 9m 2023 % Var 9m 2022 % Var 9m 2023B Net Revenues 16,575,987 16,756,741 16,170,647 49,503,375 8.2% 45,770,569 -6.4% 52,888,248 Cloud, IT & Cybersecurity Services 6,425,
Slide 7: CAPEX 9m 2023
CAPEX 9m 2023 • CAPEX (excl. M&A and R&D) grew to €6.0M this first nine months of the year, due to additional storage capacity, a new cloud node in Portugal and customer projects implemented • Budget for the first nine months of the year was €6.5M (€6.7M in 9m 2022), and therefore investment was €0.
Slide 8: Debt and Cash Evolution – 30th of September
Debt and Cash Evolution – 30th of September • Gross Debt at 30/SEP reached €55.7M, reflecting the new debt agreements signed in the period and includes vendor loan for TPartner acquisition (€6.5M) • Cash at hand amounted €11.8M as of 30/SEP • Net Financial Debt at 30/SEP reached €43.9M which represe
Slide 9: End of Year Guidance
End of Year Guidance • Gigas confirms guidance provided when presenting H1 results and estimates net revenues to reach €66M to €67M this year, approx. 10% higher than the €61.5M last year but lower than budgeted (€72.6M) • In terms of EBITDA the Company expects to end between €16.3M and €16.8M (~24%
Slide 10: Share Evolution
Share Evolution • Share price started at €10.20 in 2023 and it has been influenced by high market volatility and volume reduction in most markets, especially in the microcap / small cap segments • Share Price closed at €6.94 yesterday, below the price at start of the year, and at current prices, Ent
Slide 11: Investor relations contact
Investor relations contact: investor@gigas.com accionista@gigas.com —— gigas