Secunet Security Networks Ag · XETR:YSN
Secunet Security Networks — H1 2024 Earnings Presentation
20 slides from Secunet Security Networks's earnings presentation, Aug 13, 2024
Slide 1: Half-Year Financial Report 2024
Half-Year Financial Report 2024 secunet Security Networks AG 13 August 2024 Axel Deininger (CEO) Jessica Nospers (CFO)
Slide 2: Agenda
Agenda 01 Introduction 02 H1/2024 03 Outlook 04 Q&A 2 13 Aug 2024 | Analyst and Investor Conference on the Half-Year Results 2024
Slide 3: H1/2024
01 H1/2024 Sales and earnings in line with expectations, slightly below previous year Incoming orders and order backlog exceed comparative figures Seasonal trend: Dynamic development expected in H2/2024 Annual forecast confirmed 3 13 Aug 2024 | Analyst and Investor Conference on the Half-Yea
Slide 4: Jessica Nospers
01 Jessica Nospers Chief Financial Officer since 1 June 2024 Responsibilities: Group Finance, Controlling, Compliance, Data Protection, Purchasing, Facility Management, Investor Relations, Sustainability, Legal and Risk Management Many years of experience in the areas of M&A and auditing Pre
Slide 5: H1/2024
02 H1/2024 5 13 Aug 2024 | Analyst and Investor Conference on the Half-Year Results 2024
Slide 6: Revenue
Revenue Revenue in million euros Lower sales in both segments - Public Sector and Business Sector -5% 151.5 In contrast, incoming orders rose significantly 144.3 to 169.6 million euros (H1/2023: 147.0 million euros) Seasonal trend: Substantial increase in sales in Q2/2024 to 86.7 million euros
Slide 7: EBIT
EBIT EBIT in million euros In the previous year, positive effect of 2.6 million euros due to revaluation of the -64% SysEleven earn-out clause 4.0 Significant improvement in earnings in Q2/2024: +7.0 million euros after -5.6 million euros in Q1/2024 1.4 H1/2023 H1/2024 7 13 Aug 2024 | Analyst an
Slide 8: Public Sector
Public Sector Revenue in million euros -2% 130.2 127.5 Public sector clients remain the main focus of business: 88% share of sales (H1/2023: 86%) Solid performance despite ongoing public budget debate H1/2023 H1/2024 Earnings performance in line with the Group EBIT -48% 5.6 2.9 H1/2023 H1/2024
Slide 9: Business Sector
Business Sector Revenue in million euros -21% 21.2 Share of total revenue: 12% (H1/2023: 14%) 16.8 Healthcare sector: Market-wide switch to German telematics infrastructure 2.0 leads to expected decline in sales H1/2023 H1/2024 EBIT characterised by investments EBIT -1.6 -1.5 H1/2023 H1/2024 9
Slide 10: Cashflow
Cashflow in million euros -20.2 3.7 -5.6 -18.3 41.3 21.1 Cash and cash Cash flow from Cash flow from Cash flow from Cash and cash equivalents 1 Jan 2024 operating activities investing anctivities financing activities equivalents 30 Jun 2024 H1/2023: 21.5 -3.0 -3.4 -11.9 3.2 Operating cash flow imp
Slide 11: Outlook
03 Outlook 11 13 Aug 2024 | Analyst and Investor Conference on the Half-Year Results 2024
Slide 12: Strategy: Sustainable and Profitable Growth
Strategy: Sustainable and Profitable Growth Public Sector Business Sector Expansion of the public customer base and further Development of innovative solutions and industry- development of key technologies for improved leading technologies to open up new markets and security solutions and market pre
Slide 13: Cooperation with Bundesdruckerei: Cloud Solutions for the Public Sector
Cooperation with Bundesdruckerei: Cloud Solutions for the Public Sector Bundesdruckerei GmbH to rely on sovereign cloud solutions from secunet and SysEleven Development and operation of a sovereign public cloud as the basis for the digitalization solutions of the federally owned company Focus
Slide 14: Employees
Employees Permanent employees Balanced personnel development planned for +3% the future 1.013 1.043 1.043 Expansion of technological expertise and operational resources Administration costs remain low 30 Jun 2023 31 Dec 2023 30 Jun 2024 14 13 Aug 2024 | Analyst and Investor Conference on the H
Slide 15: Order Development
Order Development Order backlog in million euros +13% 216.5 191.6 190.2 Number of firm orders at a high level Major projects and regeneration business characterise the order volume 30 Jun 2023 31 Dec 2023 30 Jun 2024 High utilisation of consulting and development capacities Incoming orders +15
Slide 16: Saisonalität im Geschäftsmodell
Saisonalität im Geschäftsmodell Revenue EBIT in million euros 2023 2024 154.7 96.3 87.5 86.7 55.2 57.6 33.3 10.2 5.7 7.0 -6.2 -5.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Continuous increase in business volume over the course of the year Seasonal order pattern with public sector clients Significant sales cont
Slide 17: Stable Business Development Expected in 2024
Stable Business Development Expected in 2024 Revenue (in million euros) Launch Corona pandemic: Strategic investments secunet Special effect SINA and cloud EBIT (in million euros) konnektor Workstation S transformation EBIT margin (in %) 393.7 ~390 347.2 337.6 285.6 226.9 158.3 163.3 18.9 115.7 16.5
Slide 18: Q&A
03 Q&A We look forward to your questions. 18 13 Aug 2024 | Analyst and Investor Conference on the Half-Year Results 2024
Slide 19: Investor Relations, Disclaimer, Financial calendar
Investor Relations Disclaimer Phone : +49 201 5454-3937 Insofar as this communication contains forecasts or E-Mail: investor.relations@secunet.com expectations or our statements relate to the future, these Internet: www.secunet.com/ueber-uns/investoren statements may involve risks and uncertainties.
Slide 20: secunet
secunet
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