Vusion · EURONEXT:VU
Vusion — SES-imagotag — Q3 2023 Earnings Presentation
8 slides from Vusion's earnings presentation, Oct 26, 2023
Slide 1: Q3 2023 Sales Investor Call
Q3 2023 SALES Investor Call Oct. 26, 2023
Slide 2: Global leader in IoT & digital solutions for physical retail
Global leader in IoT & digital solutions for physical retail 50% of Global Top 250 retailers €621m sales (2022) “SES-imagotag announces latest- generation VUSION platform roll-out contract in Walmart Stores in U.S.” 880 employees 62 countries 350+ retailers 400+ CPG €800m+ 10y-Cagr ~30% p.a. 35,000
Slide 3: SES-imagotag – Q3 2023 Sales
SES-imagotag – Q3 2023 Sales Rest of Sales (€m) Europe Total World > Q3 ‘23 sales of €182m, equalled record Q3 2023 156.2 26.4 182.5 high Q3 ‘22 > 9-month sales at €563m (+20%) Q3 2022 138.3 43.5 181.8 > Q3 ‘23 order entries at €192m (+18%) Change (%) +12.9% -39.4% +0.4% > 9-month order entries at €
Slide 4: Revenue by Geography (€m)
Revenue by Geography Estmated Q4 & FY (€m) 240+ (>50%) 800+ FY Growth 23 vs 22 % YTD 9M ~160 ~20% EUROPE 563 › 9M growth +32% +20% 89 467 ROW ROW 108 › 9M -17% ~640 ~30% › China JV deconsolidation 474 › Strong US momentum with 359 EMEA deliveries in Q4 › RoW region to resume high growth in Q4 and FY
Slide 5: 9M VAS sales of €80m (+11%) ie. 14.2% of total revenue
9M VAS sales of €80m (+11%) 9M Revenue breakdown ESL vs VAS ie. 14.2% of total revenue (€m) YoY 563 › Challenging macro-economic environment leading to slower VAS 468 growth › Some innovation projects postponed or +22% slowed down 483 ESL 396 › Mix improved (recurring vs. one-off services) due to hi
Slide 6: Order entries (€m)
Order entries YTD 9 months evolution (€m) €m 710 Despite the challenging macroeconomic context, order entries for the nine-month period totaled +30% €710m, representing +30% growth year-on-year. 547 Strong momentum is expected to continue. €m 2022 2023 Change (%) Q3 162 192 +18% 9M 547 710 +30% 12M
Slide 7: Outlook
Outlook › SES-imagotag is on track to meet its annual revenue target of €800m › Strong estimated 50%+ year-over-year sales growth in Q4, to reach €240m+ during the quarter. › Order entries are also expected to continue to display strong momentum during the period. › The company anticipates a further
Slide 8: Q3 2023 Sales Investor Call
Q3 2023 SALES Investor Call Oct. 26, 2023