Sensys Gatso Group Ab · OMXSTO:SGG
Sensys Gatso Group Ab — Q4 2024 Earnings Presentation
31 slides from Sensys Gatso Group Ab's earnings presentation, Feb 28, 2025
Slide 1: Year End Report January-December 2024 and Outlook 2025
Sensys Gatso Group AB Year End Report January-December 2024 and Outlook 2025
Slide 2: Table of contents
Table of contents Comments from the CEO 2 Financial results Group 6 Rolling 12 months 9 Cash flow and financial position 11 Significant events and other information 13 Financial Statements and key figures 17 Key Indicator definitions 17 Notes 18 Consolidated statement of comprehensive inco
Slide 3: Comments from the CEO
Comments from the CEO Strong Order Intake in Q4 2024 with continues during 2025, and is expected to be Significant TRaaS Contributions completed in 2026. Service and maintenance for Order intake and procurement awards during the the Dutch order is slowly phasing in, starting in fourth quarter came i
Slide 4: Comments from the CEO (continued)
with consequently slow revenue recovery for our Balanced global revenue distribution programs in Iowa. The estimated negative impact Sensys Gatso is a globally active European of the legislative changes on our 2024 revenue is company with a balanced sales mix across different SEK 20 million. Correct
Slide 5: Financial summary and Outlook
Financial summary Q4 Q4 FY FY MSEK 2024 2023 2024 2023 Revenue 198 221 631 624 Order intake and Procurement Awards 161 212 992 754 Operating profit (EBITDA) 28.5 45.4 68.8 85.3 Operating profit (EBIT) 15.4 34.0 23.2 39.3 Total Comprehensive income 19.9 -3.7 24.6 8.7 Earnings per share, before and af
Slide 6: Financial results Group
Financial results Group TRaaS Sales Order intake and procurement awards TRaaS is recurring revenue from Service and Order intake and procurement awards during the Maintenance within System Sales, and Managed fourth quarter totaled MSEK 161 compared to Services. Recurring service revenues are collect
Slide 7: Business segments Managed Services and System Sales
Q4 Segments 2024 System Managed Nature (MSEK) Sales Services Total System Sales 98 98 TRaaS: Service & Maintenance & Licences 34 34 TRaaS: Managed Services 12 54 66 144 54 198 Q4 Segments 2023 System Managed Nature (MSEK) Sales Services Total System Sales 117 117 Business segment System Sales TRaaS:
Slide 8: Sales regions and EBITDA
Q4 Q4 FY FY MSEK 2024 2023 2024 2023 Operating profit (EBIT) 15.4 34.0 23.2 39.3 Depreciation & Amortisation 13.1 11.4 46 46 Operating profit (EBITDA) 28.5 45.4 68.8 85.3 Operating margin (EBITDA %) 14.4 20.6 10.9 13.7 Translation effects The full year impact of currency translation effects is limit
Slide 9: Rolling 12 months
Rolling 12 months Order intake and Procurement Awards Gross margin The 12-month rolling order intake, including The 12-month rolling gross margin has remained procurement awards, amounted to MSEK 992 stable at approximately 38%. compared to MSEK 1,043 for the previous quarter. 38% -5% Operating
Slide 10: EBITDA & EBIT
EBITDA & EBIT The EBITDA for the 12 months rolling amounted to MSEK 69 compared to MSEK 86 at the end of the previous quarter. The EBIT for the 12 months rolling amounted to MSEK 23 compared to MSEK 42 at the end of the previous quarter. -20% -45% Sensys Gatso Group AB | Year End Report January - De
Slide 11: Cash flow and financial position
Cash flow and financial position Cash and available cash Financing activities Cash and cash equivalents at the end of the period During the third quarter the company secured a totaled MSEK 165 (49). At the end of the period, Bond Loan of EUR 30 million. The bond is recorded free available cash amou
Slide 12: Cash flow from investing activities and financial position
Cash flow from investing activities Q4 Q4 FY FY FY MSEK 2024 2023 2024 2023 2022 Software platforms FLUX, Xilium and Puls 6 6 28 27 8 Fixed assets in operations 24 10 57 59 5 Other intangible and tangible fixed assets 1 0 5 6 0 Investments in Joint Ventures 0 10 4 10 0 Total investments 31 26 93 10
Slide 13: Significant events and other information
Significant events and other information Significant events during the quarter million; continues to expand its footprint 11 Dec Sensys Gatso Australia receives contract in Iowa extension of maintenance services for traffic safety systems from the state of 29 Feb Sensys Gatso’s partner signs contrac
Slide 14: Press releases and related party
31 Jan Sensys Gatso receives TRaaS contract for traffic safety in Hawthorn Woods, IL, worth Development Goal Number 11 is about making SEK 12 million cities, communities and human settlements more inclusive, safe, resilient and sustainable. Today, 28 Jan Sensys Gatso announces that the more than hal
Slide 15: Audit and invitation to a presentation
Audit This report has not been reviewed by the company’s auditor. Invitation to a presentation On 28 February at 10 am CET Sensys Gatso Group invites press, analysts, shareholders, and stakeholders to participate in an audiocast. The company’s CEO Ivo Mönnink and CFO Simon Mulder will present the f
Slide 16: Upcoming financial events
Upcoming financial events Calendar Q1 Interim Report January - March 2025 24 April 2025 AGM 8 May 2025 Q2 Interim Report January - June 2025 21 August 2025 Q3 Interim Report January - September 2025 14 November 2025 Q4 Year-End Report January - December 2025 26 February 2026 Declaration of the board
Slide 17: Key Indicator definitions
Financial Statements and key figures Key Indicator definitions KPI Definition Gross margin Gross profit as a percentage of net sales Operating profit (EBIT) Profit for the period before net financial items and tax Operating margin (EBIT) Operating profit (EBIT) as a percentage of net sales Operati
Slide 18: Notes: Nature of operations
Notes For more information about the group’s risks, please refer to note 27 of the 2023 Annual Report. Nature of operations There are not considered to be any significant risks Sensys Gatso Group develops, markets, sells and in addition to these. Given the current operates world-leading system solu
Slide 19: Risks and accounting policies
Group operates and may have a material negative also be negatively affected due to political risks and impact on the Group's operations and financial uncertainties. position. Accounting policies Risks related to regulatory compliance and Sensys Gatso Group applies International Financial change R
Slide 20: Revenue recognition and financial assets
is to provide the software and maintain it over a period of time. The revenues are recorded over the contract period. TRaaS: Managed Services The Managed Services department delivers technology, processes violations, issues citations, collects fines and delivers helpdesk support. Revenues are recogn
Slide 21: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income TSEK Q4 2024 Q4 2023 FY 2024 FY 2023 FY 2022 Revenue 197,741 220,694 631,183 623,543 494,575 Cost of goods sold -126,019 -128,870 -389,970 -371,023 -269,670 Gross profit 71,722 91,824 241,213 252,520 224,905 Selling expenses -26,713 -23,821 -94,911 -83
Slide 22: Consolidated balance sheet
Consolidated balance sheet TSEK 31 Dec 2024 31 Dec 2023 31 Dec 2022 Goodwill 286,341 273,420 276,735 Brand 1,473 3,833 6,354 Product and software development 109,367 84,385 63,084 Property, plant and equipment 37,219 34,836 33,946 Fixed assets in operations 128,091 92,855 70,630 Deferred tax assets
Slide 23: Changes in equity and cash flow statement
Consolidated statement of changes in equity TSEK Q4 2024 Q4 2023 FY 2024 FY 2023 Beginning of period 641,947 640,883 635,656 626,068 Share-based payments costs 0 -1,499 1,574 859 Comprehensive income Net profit for the period 9,507 14,377 5,926 12,185 Minority interest in subsidiaries 0 775 -243 690
Slide 24: Consolidated Segment report
Consolidated Segment report Q4 2024 Q4 2023 System Managed System Managed TSEK Sales Services Total Sales Services Total Segment Revenue 181,435 58,696 240,131 168,206 61,928 230,134 Inter-segment transactions -37,826 -4,565 -42,391 -7,480 -1,959 -9,439 Revenue 143,609 54,131 197,740 160,726 59,969
Slide 25: System Sales, key indicators and revenue by nature
System Sales TSEK Q4 2024 Q4 2023 FY 2024 FY 2023 FY 2022 Segment Revenue System Sales 181,435 168,206 495,381 462,996 319,791 Inter-segment transactions -37,826 -7,480 -58,486 -31,707 -524 Revenue 143,609 160,726 436,895 431,289 319,267 EBITDA 21,314 30,423 45,308 59,021 39,935 Depreciation and amo
Slide 26: Consolidated EBITDA and Parent company income
Consolidated EBITDA TSEK Q4 2024 Q4 2023 FY 2024 FY 2023 FY 2022 Operating profit (EBIT) 15,412 34,037 23,209 39,287 30,823 Depreciation tangible and intangible fixed assets 12,442 10,777 43,096 40,870 36,966 Amortisation of acquired intangible assets 631 627 2,502 5,150 5,555 Operating profit (EBIT
Slide 27: Parent company balance sheet and equity changes
Parent company balance sheet TSEK 31 Dec 2024 31 Dec 2023 31 Dec 2022 Product and software development 72,631 59,218 45,535 Shares in subsidiaries 421,444 420,163 419,886 Deferred tax assets 14,029 16,384 16,384 Receivables from Group 277,588 51,863 55,206 Other current assets 3,528 3,029 2,363 Cash
Slide 28: Quarterly data
Quarterly data Consolidated statement of income TSEK Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Revenue 197,741 140,994 167,449 124,999 220,694 156,974 132,642 Cost of goods sold -126,019 -88,401 -97,363 -78,187 -128,870 -97,128 -77,087 Gross profit 71,722 52,593 70,086 46,812 91,824 59
Slide 29: Consolidated segment data
Consolidated segment data Segment Order intake & Procurement Awards Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Order intake System Sales 161,109 69,900 142,117 43,518 212,266 123,374 229,122 Order intake Managed Services 0 25,000 275,500 274,800 0 22,000 77,000 161,109 94,900 417,617 31
Slide 30: The Sensys Gatso share
The Sensys Gatso share The number of shares at the end of the period amounted to 11,530,358 (11,530,358). A reversed share split of 1:80 was resolved by the AGM on May 15th 2023. Historical share numbers have been recalculated based on the reversed share split. The table below shows the ten largest
Slide 31: Purpose, Vision and Strategy
Purpose, Vision and Strategy Our Purpose Our Vision People make mistakes. Our vision is to be an innovator in traffic And those mistakes have consequences. management by providing software and services Dramatic consequences. for a safer and more sustainable environment. Each day, over 3,500 people d