Cyviz As · OSL:CYVIZ
Cyviz As — Q2 2024 Earnings Presentation
14 slides from Cyviz As's earnings presentation, Aug 29, 2024
Slide 1: Q2 and H1 Results 2024
Cyviz August 29th, 2024 Q2 and H1 Results 2024
Slide 2: Today's Agenda and Presenters
Today’s Agenda and Presenters Q2’24 in brief Performance 2020-2024 Espen Gylvik Business Highlights CEO Q2 and H1 financials Outlook Karl Peter Gombrii Q&A CFO Agenda 2
Slide 3: Q2'24 in brief
Underlying business, as defined by order intake, on a positive trajectory; Q2 financials behind last year. Q2’24 in brief Revenue of NOK 139 Gross profit of NOK 69.0 EBITDA of NOK 2.2 Order intake of NOK 156 million in Q2, down 12.9% million equivalent to million in Q2, down NOK million, up 27% comp
Slide 4: Cyviz Group rolling 12-months trend 2020-2024
ROLLING 12-MONTHS TREND 2020-2024 Cyviz Group ORDER INTAKE (MNOK) GROSS PROFIT (MNOK) EBITDA (MNOK) +7% +2% -43% 710 295 36,7 289 286 676 280 282 642 30,0 27,9 30,3 626 632 25,4 257 589 20,8 561 517 220 9,0 435 445 402 185 -2,6 -1,9 342 156 -6,5 307 142 147 -15,5 -14.8 238 122 122 179 102 100 -25,5
Slide 5: Business Highlights
en Business Highlights
Slide 6: Business Highlights Q2
Business USD 3.0m USD 0.2m Based on a recently signed 24- USD 8.5m New Microsoft Advanced meeting room month purchase frame agreement Envisioning Site and upgrade solutions and infrastructure Q2 H1 of existing. Highlights with a central electricity company in for Town Hall space for Saudi Arabia Equ
Slide 7: YTD Bookings July '24
YTD Bookings July ’24 3rd highest monthly orders ever in July 2024 All-time-high back-log: 452 MNOK by July 31st BOOKINGS YTD (JULY) BOOKINGS BY BRAND YTD (JULY) Selection of the 84 brands booked YTD 800 750 2023 700 650 600 2022 Others 550 500 Q2 450 400 362 350 2024 300 281 250 200 247 302 20% 150
Slide 8: Q2 Financials
SNK Q2 Financials
Slide 9: Q2 Financial highlights
(all figures in NOK million) -12.9% Revenues Q2 Financial 180 168 160 120 116 137 120 139 • 12.9% decline from Q2 2023 107 • Rolling 12-months trend at NOK 534 highlights million versus NOK 593 million in Q2 2023 (NOK -59 million) REVENUES Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 -8.8 G
Slide 10: Half-year results 2024
(all figures in NOK million) -17% 297 Revenues Half-year 159 189 246 • 17 % decline from H1’23 driven by high-margin, lower revenue items results 2024 shipped in Q1, higher than-usual order intake in Q4. REVENUES H1-21 H1-22 H1-23 H1-24 -2% Gross profit 144 141 • 57.3 % gross margin for first half,
Slide 11: Operating cash flow
Operating cash flow Q2 Operating 0.3 6.2 Key drivers Q2 cash flow -3.5 • Operating break-even driven by positive -0.5 EBITDA of NOK 2.2 million • Slower collection and associated increase -19.0 in AR with impact of -19 million • Inventory build-up of NOK 25.4 million explained by multiple large, mor
Slide 12: Outlook
SNK Outlook
Slide 13: Profitable growth driven by growing core business, new products and services, and cost optimization
Outlook Profitable growth driven by growing core business, new products and services, and cost optimization Profitable growth & cash management 1 Increased focus on profitability through cost optimization, new services and continued revenue growth. Putting new tighter processes in place for collecti
Slide 14: Q&A
Q&A Q&A