Slide 1: Investors Presentation
Investors Presentation May 2024
Slide 2: Today’s presenting team
Today’s presenting team Gianluca Massini Rosati Luca Tempesta Founder Chief financial officer – Allcore SpA Chairman – Allcore SpA Started Allcore in 2016 Serial entrepreneur |2 Private and confidential
Slide 3: At a glance
=, —y A Sa Allcore At a glance
Slide 4: A growing one-stop-shop for Italian SMEs & Micro Enterprises
A growing one-stop-shop for Italian SMEs & Micro Enterprises |4 Private and confidential
Slide 5: Organization chart Allcore S.p.A.
Organization chart Allcore S.p.A. Software Strategic Commercial Credit brokerage Community membership development consulting, Information & Tax and legal consulting and subsidized and working space and sale under training & Debt collection finance management concessions recruitment Amyralia S.r.l. ST
Slide 6: Allcore Spa VoP (Eu mn) FY16-FY23
Allcore Spa VoP (Eu mn) FY16-FY23 41,1 36,1 Allcore Spa VoP (Eu mn) FY16-FY23 4% +40% VoP CAGR FY18-23 3A 27,5 Y2 -F 7% 18A G RY CA 0% 7% +4 19,3 13,3 1% 7,3 81% 2,4 0,1 FY16A FY17A FY18A FY19A FY20A FY21A FY22A FY23A |6 Private and confidential
Slide 7: …laying on a cash generative and solid business
…laying on a cash generative and solid business Revenue (Eu mn) Commercial Working Capital evolution (DSOs e DPOs) EBITDA FY21 - FY23 Capex evolution (Capex/VoP) |7 Private and confidential
Slide 8: PFN vs Cash Flow: Analyses
PFN vs Cash Flow: Analyses Net debt (Eu mn) Cash Flow Statements |8 Private and confidential
Slide 9: 2023 SWOT Analysis
2023 SWOT Analysis Strengths Opportunities ● Tax Planning vertical: revenues growth, marketing indicators ● Group reorganization in order to reduce administrative and improvement (e.g. ROAS > 1200; Churn rate All Time Low) overhead costs; market leadership rise and multichannel client acquisition; ●
Slide 10: Highlights Q1 / 2024
=, —7 ——— Sa Allcore Highlights Q1 / 2024
Slide 11: 1 new book to promote the business
1 new book to promote the business ➔ More than 1.500 copies sold in 2 months ➔ Road show 04-18 marzo 2024: ❏ Firenze ❏ Bologna ❏ Padova ❏ Milano ❏ Torino ❏ Salerno ❏ Roma ❏ Bari ❏ Cagliari ❏ Palermo ❏ Brescia ◆ More than 2.300 attendees |11 Private and confidential
Slide 12: AI and Accounting Technology Success
AI and Accounting Technology Success Automatic bookkeeping records increasing Algorithm Q1/2023 Algorithm Q1/2024 of Client’s 2023 Corporate 96% Accounts delivered by 31st March |12 Private and confidential
Slide 13: M&A closed
M&A closed Revenue Target 2024: Revenue Target 2024: 2.500 k/€ 4.500 k/€ |13 Private and confidential
Slide 14: A look into the future
=, —y A Sa Allcore A look into the future
Slide 15: New M&A initiatives
New M&A initiatives Management Training & Discharge of Debt Freelance Accounting Seminars Legal services Services 2023 Results: 2023 Results: 2023 Results: Revenue: 1,6 ml/€ Revenue: 1,25 ml/€ Revenue: 1,2 ml/€ EBITDA: 0,36 ml/€ EBITDA: 0,3 ml/€ EBITDA: 0,7 ml/€ |15 Private and confidential
Slide 16: Appendix
Appendix
Slide 17: Shareholding Structure Allcore S.p.A.
Shareholding Structure Smartmistake Other Dolphin S.r.l. Market Owned Stock S.r.l. Shareholders 60,18% 6,69% 31,35% 0,54% 1,01% Allcore S.p.A. RSM S.r.l. C.S. € 299.096 10,83%* 100,00% 89,00% 97,70% 98,73% 100,00% 51,00% ST Consulting Soluzione Finera S.r.l. Yuxme S.r.l. Amyralia S.r.l. Irec S.r.l.
Slide 18: Corporate Governance
Corporate Governance Board of Directors G. Massini Rosati Chairman and CEO Felice Massa A. Piovesana Independent Director Director 18 Independent Auditor |18 Private and confidential | Sources: management
Slide 19: Financials: Income statement
Financials Income statement Description FY22 FY23 Value of production 36.1 41.1 operating costs (31.6) (37.1) EBITDA 4.5 4.0 %on value of production 12.4% 9.7% D&A (0.6) (1.0) Bad debt previsions (0.5) (0.6) EBIT 3.4 2.5 Financial items 0.1 0.0 EBT 3.5 2.4 Taxes (0.9) (0.9) Minorities 0.4 0.3 Net In
Slide 20: Financials: Balance sheet
Financials Balance sheet Description 2021A 2022A 2023A Intangible Assets 2.9 4.1 7.0 Tangible Assets 0.1 4.5 5.2 Financial Assets 0.4 2.7 1.8 Fixed Assets 3.4 11.3 14.1 Inventory 2.5 0.2 2.5 Trade receivables 4.2 4.9 5.8 Trade payables (3.5) (5.0) (5.4) Other current assets 1.6 4.4 3.8 Other current
Slide 21: Financials: Cash flow statement
Financials Cash flow statement Description FY22 FY23 Net Income 2,6 1,5 Depreciation and amortization 0,6 1,0 Taxes (0,5) (0,7) Other funds 0,2 (0,7) NWC 1,3 (0,6) Net Cash Flow Operations 4,1 0,5 Capital Expenditures (Property, Plant and Equipment) (2,0) (0,7) Payments for acquisition of Intangible
Slide 22: Disclaimer
Disclaimer This document has been prepared by and is the sole responsibility of Allcore S.p.A. (“Allcore S.p.A.” or the “Company”) for the sole purpose described herein. The information contained herein does not contain or constitute an offer of securities for sale, or solicitation of an offer to pu
Slide 23: Allcore S.p.A.
Allcore S.p.A. Via S. Gregorio, 55 Milan (MI) +39 800 960599 www.allcore.it