Netcompany Group A/s · OMXCOP:NETC
Netcompany Group A/s — Shareholder Meeting (March 2025)
45 slides from Netcompany Group A/s's shareholder meeting presentation, March 2025
Slide 1: Netcompany Group A/S Annual General Meeting 2025
Netcompany Group A/S Annual General Meeting 2025
Slide 2: Welcome
Welcome ◼ In 2024, we started to see a material impact from our Go-To-Market strategy. ◼ The share price increased by 50.3% during 2024. ◼ Netcompany had close to 29,000 registered shareholders on 31 December 2024. Netcompany seeks full transparency and open dialogue with all investors and analysts
Slide 3: Participation during the Annual General Meeting
Participation during the Annual General Meeting ◼ To vote and ask questions, you must join the meeting through the virtual meeting solution. ◼ Click this https://netcompany.com/investor/general-meetings/ and select the live stream link for shareholders ◼ Login with your username and password sent to
Slide 4: Questions and comments during the Annual General Meeting
Questions and comments during the Annual General Meeting To ask a question or give a comment during the meeting follow the instructions below ◼ Click on the Q&A icon. ◼ Type your question or comment into the box at the bottom of the screen. ◼ Press ‘Send’ to submit your question. 4
Slide 5: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 6: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 7: Looking into a future of responsible digitalisation in Europe
Looking into a future of responsible digitalisation in Europe 7
Slide 8: Netcompany: purpose, mission and vision
Empowering Europe’s responsible digitalisation with IT talents Netcompany Purpose ‘Our purpose is to leverage our digital know-how, talents and technology to build a modern Europe that values democracy, justice, transparency, and social security, empowering societies and citizens. Mission Our missio
Slide 9: Go-To-Market
Go-To-Market Products Products are solutions that have reached a high level of maturity and commercial availability, making them suitable for widespread distribution across multiple markets. These solutions are designed to address common business needs with s offering scalability and reliability for
Slide 10: Netcompany at a glance
Netcompany at a glance Norway Founded in 2000 in Copenhagen, Denmark, Netcompany provides essential IT solutions for both societal and business needs, aiding our private and public clients in their digital evolution towards a more efficient and sustainable future. Vietnam Denmark Our team of +8,000
Slide 11: Income statement
Income statement Comments Revenue increased by 7.6% to DKK 6,540.6m in reported currencies. Gross profit increased 11.9% to DKK 1,906.2m. The improvement in gross profit was a result of recovery DKK million 2024 2023 change in the Danish part of the Group and improved performances by Netcompany-Intr
Slide 12: Revenue
Revenue Comments In 2024, Netcompany Group grew revenue by 7.4% to DKK 6,527m in constant currencies. Growth was driven by the ongoing recovery in the Danish part of Revenue in DKK million the Group and supported by growth in Netcompany- Intrasoft, Norway, and the Netherlands. YTD 2023 YTD 2024* Rev
Slide 13: Adjusted EBITDA margin
Adjusted EBITDA margin Comments Adjusted EBITDA margin at Group level was 17.7%, an improvement of 2.2 percentage points compared to 2023. Adjusted EBITDA margin (before allocated cost from HQ) In Denmark margin increased 2.4 percentage points YTD 2023 compared to 2023, as a result of higher utilisa
Slide 14: Cashflow
Cashflow Comments For the year, free cash flow was DKK 821.1m compared to DKK 552.1m in 2023. The strong cash flow was driven by improved DKK million 2024 2023 change operating profit and working capital changes. Changes in working capital were mainly driven by a significant increase in prebilled in
Slide 15: Guidance 2025
Guidance 2025 Comments In 2024, we delivered growth and earnings in line with our financial guidance. Despite a continued challenged macroeconomic environment, we grew revenue and improved margins across all entities apart from the UK, building on the initiatives introduced in 2023. Actual Original
Slide 16: Corporate governance
Corporate governance Transparency and constructive stakeholder dialogue is key to Netcompany. Corporate governance is important as it sets out the guidelines for the management. Netcompany observes the Danish Recommendations on Corporate Governance and fully complies with all 40 recommendations. The
Slide 17: Annual Board evaluation
Annual Board evaluation The annual evaluation of the Board and its performance The conclusion of the evaluation was that the Board works well and there was no need for was conducted in 2024. any additional committees currently. The Board of Directors engaged external advisors in the The evaluation h
Slide 18: 2024 was our first year of CSRD reporting
2024 was our first year of CRSD reporting. We embrace and fully support CSRD reporting – not only out of obligation but because we truly believe it is the right and responsible thing to do for us as a responsible company. 18
Slide 19: Sustainability efforts
Sustainability efforts General jeneral requirements ESRS.2 General disclosures Netcompany AL es Lia a Environment ESRSEI ESRS SI Climate own change workforce ESRS S2 ESAS E2 Workers in the Pollution value chain ESAS ES Water and marine resources ESAS ES Biodiversity and ecosystems ESAS ES Resource u
Slide 20: Environmental
Environmental Environmental key figures 2024 2023 Energy consumption Total renewable energy consumption (MWh) 10,856.1 7,982.8 Total energy consumption (MWh) 19,172.2 16,903 Gross scopes 1, 2, 3, and total GHG emissions Gross Scope 1 GHG emissions (tCO₂e) 1,692.3 1,553.9 Climate action is important
Slide 21: Social
Social Diversity is an important factor, and at Netcompany, we celebrate and encourage a broad definition of diversity. We reached a total share of women of 27.8% in 2024. We reached a total share of 18.9% of women at the managerial level in 2024. Satisfaction 2024 2023 Employee satisfaction (eNPS)
Slide 22: Governance
Governance The Board of Directors had an equal distribution of genders in 2024. 100 % attendance at Board meetings. 100 % attendance at Committee meetings. 100 % of the Board of Directors were independent. 22
Slide 23: Questions?
Questions? 23
Slide 24: The Board of Directors' proposals
The Board of Directors’ proposals The Board of Directors proposes that: The Annual General Meeting takes note of the Board of Director’s report on Netcompany’s activities in 2024. Netcompany’s Annual Report 2024 be approved. The net profit for the financial year ended 31 December 2024 be allocated t
Slide 25: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 26: Remuneration Report
Remuneration Report Audited remuneration report. In line with Danish and international corporate governance guidelines. The current remuneration package for the Board of Directors was raised for the first time at the AGM in 2022. Key points of policy: » Fixed remuneration » Market-based salary level
Slide 27: Remuneration elements
Remuneration elements Remuneration Fixed fee / Fixed base salary Fee for committee work Short-term incentive plan Long-term incentive plan ‘Travel allowances and other expenses Benefits Severance pay Extraordinary remuneration (msP) Netcompany BoD M: Comments Fee for Audit Committee, Remuneration Co
Slide 28: Remuneration of Executive Management
Remuneration of Executive Management André Rogaczewski Claus Jørgensen Thomas Johansen Total CEO COO CFO Executive Management 28,182 6,177 23,022 1,267 1,255 1,474 3,312 DKK’000 4,191 2,947 Fixed Base salary 6,290 6,290 3,510 Short Term Incentive Plan, STIP 1,638 1,638 914 Benefits 510 510 247 Grant
Slide 29: The Board of Directors' proposal
The Board of Directors’ proposal The Board of Directors propose that: The Remuneration Report 2024 be approved in the advisory voting by the General Meeting. 29
Slide 30: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 31: Remuneration of members of the Board of Directors
Remuneration of members of the Board of Directors The Board proposes the following remuneration level to be approved by the Annual General Meeting 2025 Members of the Board of The Chairman of the Board of The Vice Chairman of the Directors shall receive a base Directors shall receive: Board of Direc
Slide 32: Committee work
Committee work The Board proposes to following remuneration level to be approved by the Annual General Meeting 2025 Members of the Audit Chairman of the Audit Members, including Members, including Committee shall Committee shall the Chairman of the the Chairman of the receive an annual receive an an
Slide 33: The Board of Directors' proposal
The Board of Directors’ proposal The Board of Directors propose that: The Board of Directors proposes the described remuneration level to the Board of Directors for 2025 to be approved by the General Meeting. 33
Slide 34: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 35: Proposal to re-elect members to the Board of Directors
Proposal to re-elect the following members to the Board of Directors Bo Rygaard Juha Christensen Åsa Riisberg Susan Cooklin Bart Walterus
Slide 36: The Board of Directors' proposal
The Board of Directors’ proposal The Board of Directors propose that: The Board of Directors proposes re-election of Bo Rygaard, Juha Christensen, Åsa Riisberg, Susan Cooklin, and Bart Walterus as Board members. 36
Slide 37: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 38: The Board of Directors' proposal
The Board of Directors’ proposal The Board of Directors propose that: The Board of Directors proposes re-election of: EY Godkendt Revisionspartnerselskab, registration no. 30 70 02 28. The elected auditor shall take up the role as both Netcompany’s financial- and sustainability auditor. 38
Slide 39: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 40: The Board of Directors' proposal
The Board of Directors’ proposal The Board of Directors propose that: No proposal has been submitted by the Board of Directors regarding treasury shares. The Board was in connection with the Annual General Meeting in 2023 authorised in the period until 2 March 2028 to approve Netcompany’s acquisitio
Slide 41: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 42: 9.a Proposal to approve revised Remuneration Policy
9.a Proposal from the Board of Directors to approve Netcompany’s revised Remuneration Policy The Board of Directors propose that the General Meeting approves the revised Remuneration Policy. The purpose of the amendment of section 3.5.2 (i) of the Remuneration Policy is for the approved increased re
Slide 43: 9.b Proposal to approve the reduction of share capital
9.b Proposal from the Board of Directors to approve the reduction of share capital and amendment of section 4.1 of the Articles of Association The Board of Directors propose that the share capital is reduced by cancellation of 2,500,000 treasury shares of a total nominal value of DKK 2,500,000, each
Slide 44: Agenda of today
Agenda of today 1 The Board of Directors’ report on Netcompany’s activities in the past financial year. 2 Presentation and approval of Netcompany’s audited Annual Report 2024. 3 A resolution on the distribution of profit in accordance with the adopted Annual Report. 4 Presentation of and advisory vo
Slide 45: Netcompany.com
Netcompany.com