Dhh S.p.a · MIL:DHH
Dhh — Investor Presentation (October 2022)
25 slides from Dhh's investor presentation, October 2022
Slide 1: The internet infrastructure of the emerging digital economies
Dall The internet infrastructure of the emerging digital economies Investor Presentation— October 2022
Slide 2: About us
About us DHH S.p.A. (“DHH”) is a technology group and a leading cloud computing player providing the “internet infrastructure” as a service to around 120.000 customers across Italy, Switzerland and Southeast Europe, (the so-called “Adriatic Sea area”), a geographic area where expected growth rates a
Slide 3: Core Business and Business model
ABOUT US Core Business and Business model E> Cloud Server The group provides cloud computing technologies as-a-services, from cloud hosting (PaaS), cloud servers (laaS), housing and colocation (Datacenter and Networking) to ready loT products, mostly to b2b and professional users Cloud ousine e) Sta
Slide 4: Market Opportunity
ABOUT US Market Opportunity i \ Cloud computing represents an essential tool for innovation, given the easy, flexible and fast implementation of software and application without the burden of purchasing and maintaining physical and network infrastructure Worldwide public cloud market is expected to
Slide 5: Geographical Opportunity
ABOUT US Geographical Opportunity Deo) | Digital Economy and Society Index Digital markets in Southeast Europe are one step behind with regard to internet use and are expected to post higher than average growth rates ahead (Source: European Commission, Digital Agenda Scoreboard 2022) DHH, gaining a
Slide 6: Revenue and EBITDA
25 20 15 10 5 0 2015 2016 2017 2018 2019 2020 2021 Revenue EBITDA (million EUR)
Slide 7: Historical milestones
Historical milestones pul Since its foundation DHH has finalized several investments while successfully IPOing on AIM Italia (now Euronext Growth Milan - EGM) stock market: Oct 2015 Nov 2015 Jul 2016 Sept 2016 Mar 2017 May 2017 May 2018 Oct 2018 Apr 2019 May 2019 Dec 2019 Acquisition of Klaro, a Slo
Slide 8: Historical milestones
HISTORICAL MILESTONES pHl Jun 2020 Mar 2021 Apr 2021 May 2021 Jul 2021 Aug 2021 Nov 2021 Nov 2021 Jul 2022 Approval of the merger with Seeweb, through a reverse takeover Acquisition of Optima Hosting, Croatian and Bosnian web hosting provider Acquisition of MondoServer, a cloud computing provider in
Slide 9: Group structure
Group structure pe DHH unique approach is built around the concept of an ecosystem with a common theme in which tech-entrepreneurs can innovate, share best practices, build together and grow as part of the group of like-minded people. B An ecosystem of independent businesses. Each acquired company s
Slide 10: Group structure
GROUP STRUCTURE .4 BORSA ITALIANA Ra ag »seeweb DHH Switzerland SA Seeweb Srl BD ttay-100%8 sysbee £2. metovs mCloud d.0.0. System Bee d.o.0. ©)plus 9 Tophost Tophost Srl a domovanje.com OPTIMA HOSTING *DOMENCA SE-SHELL Plus Hosting Grupa d.o.0. Webtasy d.0o.0. connesr Connesi SpA pul evolink Evolin
Slide 11: Revenue mix by company and service
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Artera Connesi Evolink mCloud Plus Seeweb Sysbee Tophost Webtasy Hosting Grupa PaaS IaaS Datacenter & Networking
Slide 12: Group structure
GROUP STRUCTURE HHI pul DHH S.p.A.- The holding company acting as a governing entity providing business and administrative support to portfolio companies Bseeweb Bsysbee DHH Switzerland SA — Owner of the brand Artera, part of DHH since May 2017, the Swiss company provides high-end services, mainly a
Slide 13: Group structure
GROUP STRUCTURE HHI Plus Hosting Grupa d.o.o.— Plus Hosting Grupa d.o.o. (until April 13th, 2022 named DHH d.o.0.) established in 2001 as IT Plus d.0.0. and later renamed to Plus hosting d.o.0., the company joined DHH in 2015. Following the (1) repositioning of the company on the market, (2) complet
Slide 14: Group structure
GROUP STRUCTURE HHI Connesi SpA — Independent provider in the field of Internet Access (via optical fiber - both owned and leased - and fixed wireless network), connesr VOIP, and Cloud Computing, active mainly in Umbria and also present in other Italian regions (e.g. Tuscany and Marche). Connesi is
Slide 15: Growth strategy
Growth strategy 1. Growth by acquisitions: Growing by acquisition is a paramount cornerstone of DHH strategy also thank to its sound cash flow generation. Creating an ecosystem of independent businesses, that means each company remains independent with its own brand, organization, and management tea
Slide 16: Growth strategy
GROWTH STRATEGY Dell 2. Building value in M&A through “expansion deals”: DHH creates value executing a sound M&A strategy, which aims at substantially increasing the intrinsic value of acquired companies in the very short term after the completion of the deal. On expansion deals, this strategy is ba
Slide 17: Growth strategy
GROWTH STRATEGY 3. Organic growth: DHH improves the organic growth of its portfolio companies working on marketing and product innovation: io Increasing ARPU, through the shift towards premium products - Group strategy will be addressed to expand its value proposition, trying to provide customers wi
Slide 18: Key financials
Key financials pul Fast-growing company with sound margins and operating cash flow * Business has been steadily growing at double digit rate since foundation from €4mn turnover as of FY16 to roughly €20m in FY 21, thanks to both its vigorous M&A driven growth strategies, and to the overall improveme
Slide 19: Key financials
KEY FINANCIALS Net sales by country Italy 7.158.036 Slovenia 1.253.898 Croatia 1.386.862 Serbia 340.707 Switzerland 408.448 Bulgaria 1.513.387 Total 12.061.338 Organic growth amounts to ca. 10%. 6.469.164 1.139.794 1.212.882 315.830 437.250 9.574.920 Growth in Bulgaria is due to the consolidation of
Slide 20: Key financials: Net Financial Position
KEY FINANCIALS Net Financial Position pul A. Cash - B. Cash equivalents (9.793.187) C. Other current financialassets (223.248) D. LIQUIDITY (A)+(B)+ (C) (10.016.435) E. Current financial liabilities 2.570.787 F. Current part of non-currentborrowing 2.474.164 G. CURRENT FINANCIAL DEBT (E) + (F) 5.044
Slide 21: Key people & shareholders' structure
Key people & shareholders’ structure Board of Directors Shares of Ownership Tamara Arduini CFO of DHH and CFO of Antonio Domenico Baldassarra (1.701.297 shares) Sseeweb ar & Antonio Baldassarra CEO of DHH, Founder and CEO of Enrico Vona (1.637.251 shares) scone a Matija Jekovec COO of DHH, Co-Founde
Slide 22: What's next.
What's next. Working on new M&A opportunities (cloud-oriented B2B ISPs) Particular attention on cost controlling in . Onboarding of . 2022H2, approach a 9 Completion of . Connesi which effects . . «wait and see» . Evolink onboarding towards the will appear in the grou in 2022H2 group macroeconomic s
Slide 23: Stock performance and valuation relative to comparables
uj Stock performance and pH valuation relative to comparables + At current €15,5 stock price, DHH has ca. € 75mn market capitalization which implies 7,2x EV/EBITDA and 12,8x EV/EBIT 2023E + Based on 2022E-24E estimates provided by Value Track, DHH trades at double-digit discount vs. selected peers,
Slide 24: Sum-up: why investing in DHH
Sum-up: why investing in DHH Bi Key points of DHH investment case Nine independent and autonomous businesses under management, with around 120 thousand customers in seven promising countries: market leader in Croatia and Slovenia, among top players in Bosnia and Herzegovina, Bulgaria, Italy, Serbia,
Slide 25: Stock details, financial calendar and contacts
STOCK DETAILS Listing Euronext Growth Milan Listing ISIN ordinary shares 1T0005203622 Outstanding # of shares 4,9mn Market Cap ~ €73mn FINANCIAL CALENDAR Monday, 21 November 3Q22 Gross sales release CONTACTS Address via Caldera 21, 20153 Milan Phone +39 02 87365100 Email info@dhh. international LIST