Slide 1: TXT Group: Q1-2025 Results Call with Investors
TXT Group: Q1-2025 Results Call with Investors May 16 | 11 a.m. (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Q1-2025 results show increased profitability boosted by M&A
Q1-2025 results show an increase in profitability boosted by M&A and a positive trend in the organic growth of the business Revenues EBITDA €92 Mn Solid Organic Growth in Q1-25 €13.3 Mn +52% +12%* 14.5% of revenues +37% +€8 Mn vs. Q1-2024 * Organic growth normalized by excluding from 2024 perimeter
Slide 3: KPIs: Q1-2025 by Offering
KPIs by Division (offering) reported in Q1-2025 show growth of the Top Line with strong increase of operating profitability (EBITDA Margin +1.5pp YoY) in all the divisions, boosted by M&A, synergies between TXT entities, and increasing operational efficiency. _KPIs: Q1-2025 by Offering Revenues by O
Slide 4: Value creation: Q1-25
R&D INVESTMENTS (fully expenses in the period) € 5Mn Q1-25, +51% vs. Q1-24 _Value creation: Q1-25 SMART SOLUTIONS REVENUES € 19Mn Q1-25, +55% vs. Q1-24 INTERNATIONAL REVENUES € 15Mn 16% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 89Mn (Net Debt Adjusted) -
Slide 5: Core Markets & Incidence (FY-2024 pro-forma)
Core Markets & Incidence (FY-2024 pro-forma) * 5 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 3000 experts, competence centers in AI, cybersecurity, XR, IoT. 21% Dis
Slide 6: Business Evolution & Subsequent Events
_Business Evolution & Subsequent Events
Slide 7: TXT Capital Markets Day 27 May 2025
TXT Capital Markets Day 27 MAY 2025 • TXT is pleased to invite institutional investors, financial analysts and media to its Capital Markets Day (CMD), an exclusive event where TXT’s Chairman Enrico Magni CEO Daniele Misani, together with parts of Group Management, will share the latest insights, str
Slide 8: Business Evolution by Division
Business Evolution by Division • Smart Solutions: positive performance in Q1, with revenues growing at +55% (+9% organic) driven by Aerospace & Defence, Martech, and Fintech, the latter consolidating a mix of mature products and investments in new technologies for, e.g., digital payments. Total R&D
Slide 9: IT Values Investment: Closing announced
IT Values Investment: Closing announced • On April 1, 2025, TXT announced the closing of the investment in IT Value, a software boutique founded in Rome in 2022 specialised in the development and commercialization of digital innovation solutions to optimise processes of public administration and, mo
Slide 10: Financials
FINANCIALS
Slide 11: Profit & loss Q1-2025: EBITDA Details & Evolution
€ thousand Q1 2025 % Q1 2024 % Var % REVENUES 92,154 100 67,127 100 37.3 EBITDA Details & Evolution Direct costs 61,414 66.6 45,327 67.5 35.5 GROSS MARGIN 30,739 33.4 21,801 32.5 41.0 Research and Development costs 5,059 5.5 3,342 5.0 51.4 Commercial costs 6,069 6.6 4,836 7.2 25.5 Profit & loss Q1-2
Slide 12: Profit & loss Q1-2025: EBITDA to Net Profit Bridge
€ thousand Q1 2025 % Q1 2024 % Var % EBITDA 13,343 14.5 8,754 13.0 52.4 Amortization, Depreciation & Write-offs (Excl. PPA) 2,577 4.2 1,739 3.8 48.2 OPERATING PROFIT (EBIT) ADJ. 10,766 11.7 7,014 10.4 53.5 EBITDA to Net Profit Bridge Net Financial income/(charges) (1,891) (2.1) (72) (0.1) 2529.4 Sha
Slide 13: Net Financial Debt: solid financial position
.000 Euro 31.03.2025 31.12.2024 Var Cash (83,196) (58,250) (24,946) Trading securities at fair value (3,469) (17,283) 13,814 Other Short Term Financial Assets (399) (254) (144) Short term Financial Debts 63,768 65,658 (1,889) olid financial position Short term Financial Debts (23,296 ) (10,130 ) (13
Slide 14: Balance sheet: details
€ thousand 31.03.2025 31.12.20024 Change Intangible assets 158,698 159,254 (556 ) Tangible assets 28,875 28,840 35 Other fixed assets 26,789 26,506 283 Fixed Assets 214,363 214,601 (238 ) Inventories 27,081 23,737 3,344 _Balance sheet: details Trade receivables 114,763 114,054 709 Other short term a
Slide 15: Dividends & Shareholding
Shareholding Structure March 31st, 2025* Dividends and Treasury Shares Repurchase (€m) * Latest Public Data Available as of 31 Mar. 2025 Dividends & Shareholding Treasury 18 15,4 Shares; 3% 16 L.V.O. Global Asset Laserline 14 Management S.A. SpA; 30% 12 3% 10 8,4 8 6,8 13,3 Market; 1 5,3 5,5 5,5 6 4
Slide 16: Q&A
TXT Q&A