Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q2 2022 Earnings Presentation
24 slides from Arribatec Group ASA's earnings presentation, 2022
Slide 1: Quarterly results Q2 2022
Quarterly results Q2 2022 ^ Geir Johansen, CEO 1
Slide 2: Shows continued strong growth
Shows continued strong growth Revenue Recurring Adj. EBITDA 15% qrt/qrt 15% qrt/qrt Margin - 9.4% NOK 120.2m NOK 43.6 NOK -11.3m 36% of Q2 revenue Organic revenue Growth +4.6% 2
Slide 3: Geographic revenue growth & share of total
Geographic revenue growth & share of total 2% qrt/qrt 52% qrt/qrt (organic 19% qrt/qrt 3%) NOK 72.7m NOK 8.9m NOK 38.6m 61% of group revenue 7% of group revenue 32% of group revenue 3
Slide 4: Arribatec's five Business Areas
Arribatec’s five Business Areas Business Services Annualized revenue from the five BAs combined (internal + 300m external) pr end of Q2 is NOK 548m whereof internal trade 86m 110m accounts for 56m. EA & BPM 52m 3m Cloud We expect revenue growth as new employees as onboarded through the year Marine H
Slide 5: Q2 performance
Q2 performance BizS EA-BPM Cloud 31% 13.3% 7%*** 0.4% 15% 0.7% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 72m* 9.6m** 21m* 0.1m** 29m* 0.2m** Revenue EBITDA Revenue EBITDA Revenue EBITDA • Strong growth in particular from services • Delayed start of 3 larg
Slide 6: Q2 performance
Q2 performance HspT Marine 75% -616.0% 14.5% -16.0% Revenue Growth EBITDA margin Revenue Growth EBITDA margin 0.5m* -3.2** 12.7m* -2.0m** Revenue EBITDA Revenue EBITDA • Signed new contracts for for NOK 5m so • Marine is undergoing a restructuring fa this year. process to mitigate effects from the p
Slide 7: Organisation & people
Organisation & people 7
Slide 8: Offices around the globe, employees, customers
28 445 1000+ Offices around Employees across Customers across the globe 5 business areas different industries 8
Slide 9: Headcount
Headcount* 250 231 206 200 Date Total 150 31.12.2021 403 30.06.2022 445 100 88 72 62 54 50 50 38 9 13 12 13 0 Cloud EA & BPM Business Services Hospitality Marine Group 31.12.2021 30.06.2022 9 *Includes long term contracted personnel which constitute 82 persons in Q2 where the majority is in Business
Slide 10: Gender Balance and Age distribution
Gender Balance and Age distribution Global Organization Management Positions Age Distribution Q2 Male Female Male Female Over 60 Between 51-60 23% Between 41-50 34% Between 31-40 Less than 30 66% 0 10 20 30 40 77% % of employees per age group 10
Slide 11: High job satisfaction – above industry index
High job satisfaction – above industry index… Arribatec temperature Q2 9 8 8.2 8.1 8.2 7.8 7.8 7.7 7.7 7.9 8 7.6 7.6 7.5 7.3 7.3 7.2 7.2 7 7 6.7 6 5 4 3 2 1 0 Commitment Job satisfaction Meaningfulness Autonomy Work situation Participation Personal Team spirit Leadership development Arribatec Indust
Slide 12: Financial Review
Financial Review 12
Slide 13: Revenue development
Revenue development % Recurring 37% 43% 32% 37% 36% of Total % Outside 31% 34% 37% 38% 40% Norway Total revenue by each BA pr quarter* 145 126 120 13 125 116 13 104 94 10 27 105 11 28 14 21 25 22 NOK mill. 85 20 22 22 65 19 20 45 78 72 64 25 55 46 5 -6 -7 -2 -14 -14 -15 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22
Slide 14: Financial results impacted by integration
| Financials results impacted by integration ^ 12 The decrease year-on-year is mainly explained by: 10 8 • Delayed start on three large projects which were 6 signed late last year 4 • Ramp-up in hiring to accommodate for growth in NOK mill. 2 1.8 2.2 revenue in rest of year 0 -0.9 -2 -2.6 • Operatin
Slide 15: Business area size and profitability
| Q1-22 Business area size and profitability ^ Revenue * EBITDA** % Recurring 34% 26% 30% 76% 13% pr BA 11 70 70 9 60 7 17 50 5 10 NOK mill. NOK mill. 40 3 30 1 24 22 0 0 47 20 -1 -2 6 19 -3 10 10 1 -3 14 6 1 9 0 -5 BizS EA-BPM Cloud HspT Marine BizS EA-BPM Cloud HspT Marine Consulting/one-off Recur
Slide 16: Cash flow development
Cash flow development • Financing Q2 includes share issue and repayment of NOK 8 mill of credit facilities • New credit facility NOK mill. (kassakreditt) of NOK 20m established in July. The new facility has not been utilized • Of the total cash balance, restricted cash accounts for NOK 14.6m. 16
Slide 17: Balance sheet development
Balance sheet development Equity & Liabilities Assets 576 576 600 552 552 600 500 162 Current 149 500 206 205 Goodwill 400 Non-current 400 87 90 Intangibles 300 101 300 111 Equity Other non-current 73 200 200 58 317 325 Other current 47 45 100 100 94 Trade receivables 89 - 44 56 - Cash Y.E 2021 Q2 2
Slide 18: Equity development
Total Equity quity development 400 18
Slide 19: SOlUTION
SOlUTION PW,
Slide 20: Appendix Financial Figures
Appendix Financial Figures 20 20
Slide 21: Profit & Loss
21 Profit & Loss For the quarter end Year to date NOK thousand Note 30Jun 2022 30 Jun 2021 30Jun 2022 __30Jun2021__Fullyear 2021 Revenue 3 120241 104 427 246 183 203 599 413 938 Materials, software and services (30012) (21.992) (58 387) (44 720) (92.859) Gross profit 90 229 82.435 187 796 158 879 32
Slide 22: Balance Sheet
Balance Sheet NOK thousand Note 30Jun 2022 31Dec 2021 NOK thousand Note 30.Jun 2022 __31De0 2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, Plant and equipment 7277 7445 Share capital ry 191773 163773 Right-of-use assets 6 45 086 30 266 Other paid in capital 216 543 196 700 Go
Slide 23: Cash flow
23 Cash flow For the quarter end Yeartodate NOK thousand Note 20.Nun 2022 20un 2021 30.un2022__20.un 2021 __—Fullyear 2021 Operating activities ProfitiLoss) before tax (23.948) (6.622) (43 242) (4047) (53 660) Taxes paid (873) ° (973) (982) (982) Adjustments for: = Finance income and expense 4 (802)
Slide 24: Equity
24 Equity Equity related to the shareholders of the parent company Restricted Other Exchange NOK thousand Sharecapital__paldincapital_differences_Otherequity _Total Equity Balance on 1 January 2021 117 203 194510 8 4.493 316214 Result of the period (48 858) (48 858) Comprenensive income for the peri