Gigas Hosting Sa · BME:GIGA
Gigas Hosting Sa — FY2019 Earnings Presentation
19 slides from Gigas Hosting Sa's earnings presentation, April 2020
Slide 1: Full Year 2019 Results and 2020 Budget Presentation for Investors
Full Year 2019 Results and 2020 Budget Presentation for Investors Diego Cabezudo CEO APRIL 2020 gigas
Slide 2: Disclaimer
gigas Disclaimer This document and the conference-call webcast (including the Q&A se: sion) may contain forward-looking statements and information (hereinafter, the “Information”) relating to GIGAS HOSTING S.A. or GIGAS GROUP (hereinafter “Gig: the “Company* or the “Gigas Group"). This Information m
Slide 3: Leading provider of cloud computing services in Spain, Portugal and Latam
Leading provider of cloud computing services in Spain, Portugal and Latam
Slide 4: FY 2019 Key Highlights
FY 2019 Key Highlights Revenue growth continues, FY19 net revenues up 17.8% YoY through organic & inorganic growth EBITDA reaches €2.50M (€2.85M adjusted) during 2019, vs. €1.62M in 2018 (54.9% higher) Net positive result for the first time, €0.22M in 2019, versus the negative €0.15M in 2018 Cashflo
Slide 5: Customer Figures
Customer Figures « Cloud VPS customers reached 2,846 at the end of 2019, 312 less than a year earlier, but in line with Gigas’ strategy of focusing on greater added value customers ° Cloud Datacenter, aimed at medium and large corporates, is Gigas’ main product, accounting for 91.2% of gross revenue
Slide 6: Revenues FY 2019
Revenues FY 2019 ° Gross revenues reached €11.85 million in 2019, 16.7% higher than in 2018, due mostly to organic growth and the AHP acquisition at the end of the year. Revenues in line with budget (0.1% higher) ° Net revenues grew 17.8% to €10.23M, but ended the year slightly below budget (3.2% lo
Slide 7: EBITDA
EBITDA ° FY 2019 EBITDA grew 54.9% in the last year, reaching €2.50M, due to organic growth, AHP contribution and cost efficiencies. ° Final EBITDA for the year slightly higher than guidance provided (€2.4M) but still a bit below budget (1.9% lower than €2.55M budgeted) ° A total of €348K of non-rec
Slide 8: 2019 Results Compared to 2018 and Budget
2019 Results Compared to 2018 and Budget CONSOLIDATED INCOME STATEMENT 2019 2018 Budget 2019 Figures in EUR JAN-DEC % JAN-DEC % JAN-DEC Gross sales 11,846,249 16.7% 10,155,158 0.1% 11,832,270 Accrued sales 73,291 -184.1% (87,111) 387.0% 15,050 Sales discounts and promotions (1,691,622) 22.2% (1,384,
Slide 9: Detailed Quarterly 2019 Results
Detailed Quarterly 2019 Results CONSOLIDATED INCOME STATEMENT 2019 Figures in EUR JAN-MAR APR-JUN JUL-SEP OCT-DEC JAN-DEC Gross sales 3,036,615 2,720,237 2,756,073 3,333,323 11,846,249 Accrued sales (148,969) 132,820 191,109 (101,669) 73,291 Sales discounts and promotions (413,529) (374,747) (398,30
Slide 10: 2019 Results
2019 Results Amortizations grew significantly (€1.83M in 2019 vs €1.52M in 2018) mostly because of the growth in the Customer Relations account during 2018 and 2019, from the companies acquired Financial expenses increased due mostly to the convertible bonds issued in April 2018, reaching €360K in 2
Slide 11: 2019 Balance Sheet
vy 2019 Balance Sheet ° Intangible assets and Receivables grew substantially linked to the AHP acquisition ° Investment in property, plant and equipment was €0.67M, €0.33M less than the previous year and also €0.35M short of the €1.02M budgeted (6.5% capex-to-sales ratio) * The Company ended 2019 wi
Slide 12: Capex to Sales (excl. M&A)
• • • Figures in Thousands of Euros Capex to Sales (excl. M&A)
Slide 13: Cashflow Statement
Cashflow Statement Ll Figures in Euros 2019 Result Adjustments 2,155,445 Changes in accruals and bad debt 73,724 D&A 1,825,413 Other non-cash (R&D capit., ESOP, Subsidies...) (151,655) Net financial result 407,963 Changes in Working Capital (25,926) Interest and Taxes Outflows (501,249) Interests (2
Slide 14: Figures in Thousands of Euros
• Figures in Thousands of Euros • Figures in Euros Figures in * Thousands of Euros • • •
Slide 15: Inorganic Growth
Inorganic Growth ° The cloud and hosting market is dominated by 3-4 large players (c.50% of the market) whereas the other half is extremely fragmented. ° Gigas is exploiting the opportunity to acquire companies with good business customer bases which bring volume and significant synergies. * Two com
Slide 16: 2020 Budget and Potential COVID-19 Impact
vy 2020 Budget and Potential COVID-19 Impact ° Start of year in line with budget but impact of COVID-19 still difficult to be quantified * Demand for cloud services should increase and new contracts are still being closed ° BUT i) foreseeable global economic recession will lead to customer loses, de
Slide 17: Share Evolution and Analysts' Reports
Share Evolution and Analysts’ Reports Share remained fairly flat during 2019, ending at €6.82 at year end, a 4.9% increase during the year Share Price closed at €4.50 (-34.0% down ytd) yesterday, hit by the COVID-19 impact on markets but also from retail investors selling Management believes the sha
Slide 18: Q&A
Q&A FY 2019 Results Investors Presentation gigas Diego Cabezudo CEO
Slide 19: Investor relations contact
Investor relations contact: investor@gigas.com accionista@gigas.com — gigas