Spyrosoft Sa · GPW:SPR
Spyrosoft Sa — Q1 2023 Earnings Presentation
19 slides from Spyrosoft Sa's earnings presentation, May 24, 2023
Slide 1: Spyrosoft Group Financial results for 1Q 2023
Spyrosoft Group Financial results for 1Q 2023 24 May2023 Spyrosoft Group © 2023 www.spyro-soft.com
Slide 2: Agenda
Agenda 1 Summary of key events 2 Financial results for 1Q 2023 3 Prospects Financial results for 1Q 2023 www.spyro-soft.com
Slide 3: 1. Summary of key events
1. Summary of key events Financial results for 1Q 2023 www.spyro-soft.com
Slide 4: Key facts 1Q 2023
Key facts 1Q 2023 At the end of 1Q 2023 Revenue – achieved In 1Q 2023 we gained there were 1,493 people above strategy targets 18 new clients and working on our team, 83 (+73.9% y/y) worked for a total of 150 more than at the end of 2022 We opened a new Group We operate globally – 85% of our revenue
Slide 5: Growth in employment
Ja n 250 500 750 0 1000 1250 1500 ua r y Fe 20 b ru 21 565 ar y 20 M 21 582 ar ch 20 21 Financial results for 1Q 2023 614 Ap ri l 20 21 M 635 ay 20 21 Ju 662 ne 20 21 Ju 673 l y 20 Au 21 gu 704 Se st pt 20 em 21 742 be r2 O 02 ct ob 1 774 No er ve 20 m 21 811 be De r2 ce 02 m 1 854 be Ja r2 02 nu 1
Slide 6: Our offices
Our offices Argentina Poland • Buenos Aires • Wrocław • Kraków Croatia • Warsaw • Białystok • Zagreb • Szczecin • Osijek • Łódź Germany Romania • Stuttgart • Timişoara • Braunschweig UK India • Edinburgh • Chennai • Bournemouth Norway USA • Bergen • Ann Arbor • Pittsburgh
Slide 7: Business sectors
Business sectors Automotive Employee Experience & Education Financial Services Geospatial Services Healthcare & Life Sciences Industry 4.0 Robotics
Slide 8: 2. Financial results for 1Q 2023
2. Financial results for 1Q 2023 Financial results for 1Q 2023 www.spyro-soft.com
Slide 9: Revenue 1Q 2023 (PLNm)
Revenue 1Q 2023 (PLNm) Revenue 1Q 2022 vs. 1Q 2023 § Spyrosoft Group generated consolidated revenue of PLN 120 104.4m in 1Q 2023 (+73.9% y/y). This confirms the continued 100 rapid growth of the company and the scale of its business. 73.9% 80 § The Group’s revenue (without BSG) in 1Q 2023 was PLN 91
Slide 10: EBITDA 1Q 2023 (PLNm)
EBITDA 1Q 2023 (PLNm) EBITDA § EBITDA for 1Q 2023 was PLN 12.7m, an increase of 26.8% y/y. 1Q 2022 vs. 1Q 2023 The EBITDA margin was 12.1% , vs. 16.7% in 1Q 2022. 20 § The Group’s EBITDA (without BSG) for 1Q 2023 was PLN 10.1m (+0.9% y/y). 15 26.8% § Rising costs impact EBITDA and profit, but these
Slide 11: Net profit 1Q 2023 (PLNm)
Net profit 1Q 2023 (PLNm) Net profit § The Group earned a net profit in 1Q 2023 of PLN 1Q 2022 vs. 1Q 2023 5.8m – up 15.3% from 1Q 2022. 20 § The Group’s net profit (without BSG) for 1Q 2023 was PLN 4.54m (-9.6% y/y). 15 § Factors impacting the net profit included higher 10 financial costs (PLN 1.3m
Slide 12: Statement of results
Statement of results Statement of results (PLNm) 1Q 2022 1Q 2023 Change % y/y Net revenue from sales of products and services 60.0 104.4 +73.9% Costs of sold products, services, goods and materials 38.2 68.5 +79.3% Gross profit on sales 21.8 35.9 +64.5% Costs of general management 13.7 25.8 +88.7% E
Slide 13: Revenue structure – sector diversification
Revenue structure – sector diversification Robotics Healthcare Other Legal 2% 2% 3% Industry 4.0 & Healthcare 5% Connectivity & 3% Automotive Industry 24% Automation Industry 4.0 & 11% Geospatial Connectivity & 22% Industry Automation Media & 11% Entertainment 9% 1Q 2022 revenue 1Q 2023 revenue PLN
Slide 14: Revenue structure – geographical diversification
Revenue structure – geographical diversification Scandinavia 10% Other 5% (PLN 10.1m) Other 3% (PLN 3.6m) (PLN 3.13m) Poland 12% (PLN 7.2m) Poland 15% (PLN 16.0m) UK 33% 1Q 2022 revenue 1Q 2023 revenue (PLN 33.9m) PLN 60.0m UK 42% PLN 104.4m USA 11% (PLN 25.2m) (PLN 6.6m) USA 14% (PLN 14.6m) DACH 30
Slide 15: Peer group comparison
Peer group comparison 1Q23 RESULTS 2Q23 FORECASTS 2023 FORECASTS OPERATING OPERATING EPS QUARTER END REVENUE EPS GROWTH REVENUE EPS GROWTH REVENUE REPORTING DATE PROFIT GROWTH PROFIT GROWTH GROWTH DATE GROWTH Y/Y Y/Y GROWTH Y/Y Y/Y GROWTH Y/Y Y/Y Y/Y Y/Y EPAM Systems 31/03/2023 05/05/2023 3% -6% -1%
Slide 16: 3. Prospects
3. Prospects Financial results for 1Q 2023 www.spyro-soft.com
Slide 17: Prospects for 2023
Prospects for 2023 § The Management Board of Spyrosoft Group maintains the aims presented in the “Strategy for 2022–2026.” The assessment of the market situation presented with the results for 2022 also remains current: § The global economic slowdown has a dampening effect on the rate of digitalizat
Slide 18: Thank you for your attention
Thank you for your attention Contact investor relations: Joanna Brewińska, NBS Communications +48 502 255 415 spyrosoft@nbs.com.pl www.spyro-soft.com www.spyro-soft.com
Slide 19: Legal disclaimer
Legal disclaimer This presentation has been prepared by Spyrosoft S.A. (the “Company”). The data and information contained in the presentation do not represent a complete or consistent financial analysis, forecast or estimation of results and are for information purposes only. Information contained