Slide 1: StrongPoint Q1 2023
StrongPoint Q1 2023 27 April 2023
Slide 2: Agenda
Agenda Introduction to StrongPoint Highlights Q1 2023 Other key financial figures Jacob Tveraabak Hilde Horn Gilen Chief Executive Officer Chief Financial Officer
Slide 3: StrongPoint's double opportunity: technology solving grocery retailer challenges
StrongPoint’s double opportunity: technology solving grocery retailer challenges Labour costs Need solutions to be less Double going up labour dependent, often involving automation Opportunity: Technology Discounters solutions solving All players in the market becoming keep costs down in general cha
Slide 4: StrongPoint's financial ambitions
StrongPoint’s financial ambitions Revenue in 2025 2.5Bn EBITDA 13-15%
Slide 5: Highlights Q1 2023
Highlights Q4 2023 'S) StrongPoint
Slide 6: Highlights Q1 2023
Highlights Q1 2023 • Financial performance • Continued customer success in priority areas • Further progress on 2025 strategic ambitions
Slide 7: 1st quarter revenue
1st quarter revenue Revenue MNOK +27% 405 381 346 321 301 289 284 249 252 215 223 215 214 196 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23
Slide 8: 1st quarter EBITDA
1st quarter EBITDA EBITDA MNOK +2 MNOK 34 21 21 20 20 17 14 13 12 12 10 10 8 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Note: Roundings in EBITDA Q1 2022 and 2023 indicates increase in EBITDA is only 1 MNOK, however 2 MNOK increase is correct
Slide 9: Continued customer success in priority areas
Continued customer success in priority areas • Framework Agreement with Baltics grocery retailer Rimi for Pricer Electronic Shelf Labels. • Awarded two self-service checkout upgrade projects with a total value of 4.1 MGBP with top-tier UK grocery retailers.
Slide 10: Further progress on 2025 strategic ambitions
Further progress on 2025 strategic ambitions • Finalizing new, innovative, value generating cash management solution for large Iberian grocery retail chain with preparation for in-store pilot in Q3 2023. • Showcased the StrongPoint solutions portfolio at the trade fair EuroShop, the world’s largest
Slide 11: Continuing recent historic growth will ensure revenue ambition in 2025
Continuing recent historic growth will ensure revenue ambition in 2025 Revenue 2019-2022 (MNOK) 2025 Revenue Ambition (MNOK) Organic ALS CAGR +19% 2500 1491* CAGR +22% 361* 942 981 824 1131 2019 2020 2021 2022 2025 *Proforma
Slide 12: Path to achieving EBITDA margin ambitions
Path to achieving EBITDA margin ambitions (Strategy Update Session) 2022 EBITDA Margin 2025 EBITDA Margin 13-15% 10-11% 10-11% 5.5% Instore E-com Spain StrongPoint Instore E-com Spain & StrongPoint Solutions Investments Solutions Contribution Special ex Spain ex Spain Projects
Slide 13: Other key financial figures
Other key financial figures ‘S) StrongPoint
Slide 14: Rolling 12 months' revenue and EBITDA
Rolling 12 months’ revenue and EBITDA MNOK Revenue EBITDA 1 453 1 372 76 78 69 63 942 981 54 824 2019 2020 2021 2022* 2023 2019 2020 2021 2022* 2023 Q1 R12 Q1 R12 * Air Link Group Ltd was acquired on June 1, 2022
Slide 15: Earnings per share
Earnings per share EPS EPS adjusted* EPS per quarter EPS rolling 12 month NOK per share NOK per share 1.01 0.95 0.81 0.67 0.70 0.66 0.56 0.57 0.58 0.51 0.38 0.39 0.39 0.26 0.27 0.28 0.22 0.18 0.18 0.18 0.11 0.12 0.12 0.07 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 * EPS
Slide 16: Cash Flow movements in 2023
Cash Flow movements in 2023 MNOK 13 47 1 2 8 56 4 29 1 37 Cash EBITDA Change Change Capex Purchase Change Change Other Cash 31.12.22 WC (LC) Overdraft / sale own long term long term 31.03.23 shares debt receivables (IFRS 16)
Slide 17: Main working capital changes in Q1
Main working capital changes in Q1 MNOK 9 14 289 29 13 221 30 31.12.2022 Accounts Accounts Public/Other Large projects Inventory 31.03.2023 receivables payables current
Slide 18: Continued strong balance sheet
Continued strong balance sheet MNOK 0.5 1.08 0.95 1.61 Net leverage* 125 IFRS Liabilities 43 NIBD ex IFRS 67 72 4 25 Net Interest 75 68 82 35 37 Bearing Debt -13 -8 -177 -141 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 * Net leverage = Net Debt / 12 months rolling EBITDA, inclusive IFRS
Slide 19: Ambition to gradually increase dividends
Ambition to gradually increase dividends 1.50 Extraordinary Ambition from Board of Directors Dividend dividend Continue to pay and increase the NOK per share dividend forward 0.90 1.00 0.80 0.70 0.60 0.55 0.50 0.45 0.35 0.30 0.25 0.50 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* * The Boa
Slide 20: Financial calendar 2023
Financial calendar 2023 Investor relations contact: • 14 July: Q2 2023 • 23 October: Q3 2023 CEO Jacob Tveraabak jacob.tveraabak@strongpoint.com +47 908 21 370
Slide 21: Thank you!
‘S) StrongPoint Thank you!