Doxee S.p.a. · MIL:DOX
Doxee — Mid & Small in Milan 2022
35 slides from Doxee's conference presentation, Nov 30, 2022
Slide 1: Mid & Small in Milan 2022
Mid & Small in Milan 2022 Sergio Muratori Casali CEO Milan November 30th 2022
Slide 2: We enable companies to create innovative and digital customer-facing communications
We enable companies to create innovative and digital customer-facing communications November 30th 2022 Mid & Small in Milan
Slide 3: What we do
What we do Managing the digital transformation Doxee Platform® document experience (dx): Digital production, distribution, and digital archiving of documents Data processing paperless experience (px): Electronic invoicing, Long-term digital preservation, Company Consumers Electronic ordering, Data C
Slide 4: Doxee at a Glance
Doxee at a Glance Transforming data into relationships • Doxee is a Tech-Vendor and a leading provider of products for 2001 +21% +31% 18-20% Customer Communications Revenues Contribution Margin Forecast of Vop Management (CCM), Digital Founded from sales in H1 in €/mn invested in R&D 2022 Customer E
Slide 5: Doxee Technological Innovation
Doxee Technological Innovation MARKET VALIDATION R&D INVESTMENTS Several international IT analysts recommend Doxee in their reports Percentage of value of production per year 13% Doxee invested in R&D for more than 10 years > Tech Tide™: Creative Technologies, 2021 > IDC Marketscape: Worldwide Cloud
Slide 6: Product lines
Product lines A Unique Value Proposition THREE MAIN CLOUD-BASED PRODUCT LINES DOCUMENT EXPERIENCE PAPERLESS EXPERIENCE INTERACTIVE EXPERIENCE 65% on revenues 18% on revenues 17% on revenues Digital production, distribution, and archiving Compliant electronic invoicing and digital Personalized micro-
Slide 7: Doxee Client Base
Doxee Client Base Enterprise Customer TELCO & MEDIA UTILITIES REVENUES BY INDUSTRIES H1 2022 2% 6% 7% 2% Automotive Financial Services 40% PS & IT Services PUBLIC ADMINISTRATIONS BANKING AND INSURANCE Other Utilities Telco & Media 42% 70% +200 Recurring Revenues Clients RELEVANT PARTNERSHIP 3 years
Slide 8: Client Cases
Client Cases November 30th 2022 Mid & Small in Milan
Slide 9: Doxee Pweb®
Doxee Pweb® Some cases November 30th 2022 Mid & Small in Milan
Slide 10: Doxee Pvideo®
Doxee Pvideo® Some cases November 30th 2022 Mid & Small in Milan
Slide 11: Eni gas e luce case
BENEFITS • 50 million annual multichannel communications and invoices CUSTOMER Eni gas e luce is the new company of Eni SpA, established in 2017 to sell gas, electricity, • Digital opt-in for customers through the smart bill Fastweband energy è uno solutionsoperatori dei principali in the retail and
Slide 12: Engie case
CUSTOMER Engie is a French energy company that produces and distributes electricity, BENEFITS • Massive volumes: 4 million videos produced natural gas, and renewable per year Fastweb è uno deienergy. principali operatori It is the world's leading independent producer of electricity and the world's •
Slide 13: National Institute for Social Security (INPS) case
CLIENTE National Institute for Social Security is the main entity of the BENEFIT Acceptance of NASPI application: Italian public retirement system. All waged labourers and most of self-employed without a proper autonomous social security 59% Interactions fund, must be subscribed to INPS 4,3 views pe
Slide 14: UnipolSai Assicurazioni case
CLIENTE UnipolSai Assicurazioni S.p.A is an Italian insurance BENEFIT • Cost reduction with scalable centralized solutions company operating since 2014 with headquarters in • Support to digitization of contacts and convergence Bologna. The company has 2,753 insurance agencies and on the network (net
Slide 15: Financial Data
Financial Data November 30th 2022 Mid & Small in Milan
Slide 16: Key Financials H1 2022
Key Financials H1 2022 € 11.1 mln € 14.7 mln € 8.4 mln € 3.0 mln +21% YoY +27% YoY +31.4% YoY Revenues Value of Gross Margin R&D Costs Production € 1.6 mln 10.9% € 0.1 mln € 1.9 mln EBITDA EBITDA Margin Net Income NFP (cash negative) November 30th 2022 Mid & Small in Milan
Slide 17: Investments H1 2020 – H1 2022
Investments H1 2020 – H1 2022 ORGANIZATIONAL COST OF R&D PERSONELL STRUCTURE #121 #142 #153 3,5 0,7 6 3 0,6 +18% 5 +19% 2,5 +59% 0,5 +19% 0,58 4 3,01 4,94 2 0,4 +31% 3 0,49 4,15 1,5 0,3 +308% 2 3,48 1 1,89 0,2 1,44 0,5 0,1 1 0,12 0,11 ESG 0 0 0 H1 2020 H1 2021 H1 2022 H1 2020 H1 2021 H1 2022 H1 2020
Slide 18: Market Trends & Growth Strategy
Market Trends & Growth Strategy November 30th 2022 Mid & Small in Milan
Slide 19: Double-digit growth for Doxee's key markets
Double-digit growth for Doxee’s key markets Doxee reference markets CCM REG-TECH DCX (Customer Communication Management) (E-Invoicing, Digital Preservation, E-Procurement) (Digital Customer Experience) $/bn $/bn 23 $/bn 11.3% 25.1% 11.8% 14,9 CAGR CAGR CAGR 8,5 3,2 7,5 1,5 2020 2021 2022 2023 2024 2
Slide 20: Pursuing the strategic roadmap
Pursuing the strategic roadmap Strengthening the organisational structure to support organic growth Huge investments to pave the way to sustainable and profitable growth on a medium-long term basis and to improve scalability: • Skilled and committed people in the commercial structure and the corpora
Slide 21: Pursuing the strategic roadmap: Strategic growth through M&A
Pursuing the strategic roadmap Strategic growth through M&A M&A in key international markets to expand in strategic industries – Telco, Utilities, Finance - and boost upselling • Integration of Infinica GmbH to entry in the DACH area and consolidate in the CEE region in the Digital Experience Sector
Slide 22: Acquisition of Infinica GmbH
Acquisition of Infinica GmbH November 30th 2022 Mid & Small in Milan
Slide 23: Doxee acquires the 90% of Infinica GmbH
Doxee acquires the 90% of Infinica GmbH A strong strategic rationale Doxee acquires the 90% of Infinica GmbH with an option on the remaining 10%. A key step in the Doxee’s strategic roadmap to be positioned as the leading European technology and product vendor in the field of digital customer experi
Slide 24: Infinica GmbH
Infinica GmbH Leading customer communication management software platform • International customers • Customer Communication Management Infinica • International technology and Fields of • Document Composition strong partner network activities • Output Management • 30+ Software Experts • Forms Manage
Slide 25: Infinica References
Infinica References Banking & Insurance Public Sector Retail & Technology Utilities Transport Media & Telco November 30th 2022 Mid & Small in Milan
Slide 26: A deal with a strong potential
A deal with a strong potential § The acquisition of Infinica’s technology will accelerate the roadmap for the new release of the Doxee TECH ADVANTAGES Platform® anticipating the time to market of new services by approximately 18 months § SalesForce certification, also distributed by the SalesForce A
Slide 27: A deal with a strong potential
A deal with a strong potential “Inbound” advantages and expected synergies cover almost half of the price paid § Doxee identified DACH and CEE regions as a green field as the digitization rate is under 70% and the e- MARKET AND invoicing compliance has not been extended yet to B2C TERRITORY § Doxee
Slide 28: Doxee/Infinica: technology overview
Doxee/Infinica: technology overview Integrated Application Map DA/SA Design Business DT BP/ODP Bundle Configuration Workplace Designer Designer Workflow Editor Management composer time Editor Design & Release Staging Settings Activities Security Settings Applications Wedbav repository Jobs Runtime D
Slide 29: Infinica Document Generation integrated Salesforce
Infinica Document Generation integrated Salesforce Directly from Salesforce allows Enables a new model Increase the efficiency the creation and management of that allows the editing of of existing processes such as digital advanced communications contents and the choice of purchase proposals from th
Slide 30: Infinica integration
Infinica integration Path and Strategy Strategic growth in DACH and CEE regions in Telco, Utilities, Finance industries: • Upsell and Cross-sell the joint product portfolio to actual customer base • Market entry into the global Salesforce marketplace • Market entry into the Electronic invoicing mark
Slide 31: Appendix
Appendix November 30th 2022 Mid & Small in Milan
Slide 32: Global competitive landscape
Global competitive landscape Customer Communications Paperless Personalized Video Management November 30th 2022 Mid & Small in Milan
Slide 33: Doxee Timeline
Doxee Timeline E-billingS.p.A. is Doxee’s SaaS Doxee Doxee expands Listed on AIM Acquisition of Rebranding Acquisition of founded in Modena, business becomes a internationally Italia, the stock Littlesea Littlesea in Infinica GmbH Italy, offering launched multinational in 19 countries exchange of Ba
Slide 34: Stock & Governance
BOARD OF DIRECTORS Stock & Governance Doxee USA Inc (51%) Sergio Muratori Casali Paolo Cavicchioli Vice-president and CEO Chairman Doxee Czech Sro (100%) Doxee Slovak Sro (100%) Babelee Srl (91,4%) Giuseppe Dal Cin Paola Leoni Pier Luigi Morara Infinica GmbH (90%) Member Independent Independent Memb
Slide 35: Sergio Muratori Casali, CEO
Sergio Muratori Casali, CEO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com