Slide 1: Space Hellas Annual Analysts Update
2022 SPACE HELLAS Empowering Your Digital Transformation Journey Annual Analysts Update Athens, Wednesday 10th of May 2023 Classification ISO 27001: Public MK-27052022-1 www.space.gr
Slide 2: Space Hellas at a Glance
Space Hellas at a Glance: • History and Vision • Long-term Investments • National & International Presence • Personnel • R&D & Innovation • Group Strategy • Financial Results Space Hellas All Rights Reserved 2
Slide 3: Space Hellas – Four Decades of History
Space Hellas – Four Decades of History Data Communications Telecommunications & IT ICT Systems Integration Digital Transformation & Cloud 1 2 3 4 1985 1996 2006 2017 Dimitris Manolopoulos is BT & Space Hellas Space Hellas Expands its Activities Space Hellas Expands its Cooperation founding Space Hel
Slide 4: Space Hellas Group
Space Hellas Group 18.10% 32.28% 35% 60% 100% * 40% Specializes Big Data ICT solutions for Enterprise IoT Solutions Enterprise applications and Analytics and the agricultural Software & Software value added web intelligence sector Integration services Space Hellas All Rights Reserved 6
Slide 5: Subsidiaries and Branches
Subsidiaries and Branches Branches in: Athens Thessaloniki Patra Heraklion-Crete Ioannina HQ located in Athens Farsala Nicosia-Cyprus Subsidiaries in: Cyprus Serbia Malta Jordan Space Hellas All Rights Reserved 5
Slide 6: 9 SPACE Hubs
9 SPACE Hubs Rethymno Heraklion Veria Karditsa Kilkis Kozani Komotini Larissa Xanthi Space Hellas All Rights Reserved 6
Slide 7: Space Hellas All Rights Reserved
Space Hellas All Rights Reserved 7
Slide 8: Employee's Growth
Employee's Growth 600 500 400 +260 SingularLogic 300 582 479 427 200 374 348 296 247 267 100 0 2015 2016 2017 2018 2019 2020 2021 2022 Space Hellas All Rights Reserved 8
Slide 9: Commercial Strategy & Innovation
Commercial Strategy & Innovation Space Hellas All Rights Reserved 9
Slide 10: Opportunities 2023
2023 • Significant sales backlog • Business synergies at group level • RRF and new ESPA ICT funds for Opportunities 2023-2027 • Improve profitability with Software & services • Invest in R&D and Innovation Space Hellas All Rights Reserved 10
Slide 11: Challenges 2023
2023 • Cost Increase in equipment, transport, energy, personnel and capital • Delays in project delivery Challenges • Lack of skilled personnel • Competition: New players in the field of ICT • Geopolitical changes Space Hellas All Rights Reserved 11
Slide 12: Indicative Technology Partners & Co-operations
Indicative Technology Partners & Co-operations Space Hellas All Rights Reserved 12
Slide 13: Milestones & Targets
Milestones & Targets Space Hellas All Rights Reserved 13
Slide 14: Income Statement Summary 2021 - 2022
Income Statement Summary 2021 - 2022 Group Company Amounts in euro thousand 01.01-31.12.2022 01.01-31.12.2021 CHANGE % 01.01-31.12.2022 01.01-31.12.2021 CHANGE % Revenue 128.586 103.323 24,5% 110.337 91.268 20,9% Gross profit/loss 22.599 20.524 10,1% 19.856 17.480 13,6% Gross profit margin 18% 20% -
Slide 15: Group's Key Growth Drivers
Group’s Key Growth Drivers Strategy Customers Organization Personnel Space Hellas All Rights Reserved 15
Slide 16: Strategy (Corporate Objectives)
Strategy (Corporate Objectives) • Leading position in the digital transformation market • Solutions and services with significant added value • Profitability enhancement • Generate new revenue streams at group level • New products and services • International Markets Space Hellas All Rights Reserved
Slide 17: Customers
Customers • Customer – centric approach • Cross-selling / upselling • Recurring sales • Focus on projects of strategic interest Space Hellas All Rights Reserved 17
Slide 18: 2022 - 2027 Market Landscape
2022 - 2027 Market Landscape Public sector modernization Digital Enterprise Multi-Cloud environment Space Hellas All Rights Reserved 18
Slide 19: R&D and Innovation
R&D and Innovation R&D new projects Areas of R&D • SEPTON - Cybersecurity for medical devices • Open-source Intelligence (OSINT) • Ainception - AI for Cyberdefence • Cybersecurity • PRIVATEER - 6G security • Future networks, 6G and satellite • Space 4.0 - Environmental monitoring communications • OA
Slide 20: Large Enterprises - Verticals Supported by Space Hellas
Large Enterprises -Verticals Supported by Space Hellas Telcos Financial Health Retail Fuel Energy Local Gov Manufacturing Shipping Hospitality Media Education Space Hellas All Rights Reserved 20
Slide 21: Key Customers of 2022
Key Customers of 2022 Space Hellas All Rights Reserved 21
Slide 22: Critical National Infrastructures Supported by Space Hellas Group
Critical National Infrastructures Supported by Space Hellas Group Cyber Security Travel Elections Documents Air-Traffic Control CSI Backbone Network of Public Administration Digital Weather Broadcasting Forecast Border Control Space Hellas All Rights Reserved 22
Slide 23: Significant Projects in Progress
Significant Projects in Progress Customer Project Hellenic Electricity Distribution Network Operator Implementation, operation and maintenance of telecom network for Hellenic Electricity Distribution Network Operator Provision of equipment & implementation services for laptops and desktops PCs Helle
Slide 24: Organization changes
Organization changes • New management structure • Infrastructure and Cyber security Upgrades • Transformation & Digital Tools (ERP, CRM, BI Tools) Space Hellas All Rights Reserved 24
Slide 25: Human resources
Human resources • Attract New Talents • Onboarding & Training • Career path & Engagement • Performance based rewards Space Hellas All Rights Reserved 25
Slide 26: Financial Growth Analysis
Financial Growth Analysis Space Hellas All Rights Reserved 26
Slide 27: Income Statement Summary 2021 - 2022
Income Statement Summary 2021 - 2022 Group Company Amounts in euro thousand 01.01-31.12.2022 01.01-31.12.2021 CHANGE % 01.01-31.12.2022 01.01-31.12.2021 CHANGE % Revenue 128.586 103.323 24,5% 110.337 91.268 20,9% Gross profit/loss 22.599 20.524 10,1% 19.856 17.480 13,6% Gross profit margin 18% 20% -
Slide 28: Sales, EBITDA & EAT 2015-2022
SALES, EBITDA & EAT 2015-2022 12.000 € 140.000 € 10.816 € 120.000 € 10.000 € 9.451 € 128.586 € 100.000 € 103.323 € 8.000 € 80.000 € 6.000 € 60.000 € 4.000 € 40.000 € 2.000 € 20.000 € 0€ 0€ 2015 2016 2017 2018 2019 2020 2021 2022 Sales EBITDA EAT Space Hellas * Numbers in Thousand € All Rights Reserv
Slide 29: Revenue 2013 - 2022
Revenue 2013 - 2022 Growth Average Revenue 82.6% Average Revenue 49.4M 90.2M 140.000 € 128.586 € 120.000 € 103.323 € 100.000 € 80.732 € 80.000 € Sales 72.250 € 66.112 € * Numbers in 59.658 € 60.000 € 54.889 € Thousand € 48.169 € 41.019 € 43.129 € 40.000 € 20.000 € 0€ 2013 2014 2015 2016 2017 2018 20
Slide 30: Net Debt to EBITDA Ratio & Investments
Net Debt to EBITDA Ratio & Investments Net Debt to EBITDA Ratio Investments & acc Investments 45.000 € 4,5 40.000 € 4 35.000 € 3,5 30.000 € 3 25.000 € 2,5 20.000 € 16.648 € 2 15.000 € 1,5 10.000 € 7.396 € 1 1.316 € 5.075 € 3.874 € 5.000 € -114 € 1.674 € 2.628 € 1.409 € 0,5 0€ 2014 2015 2016 2017 201
Slide 31: Investments & Bank Loans 2014 - 2022
Investments & Bank Loans 2014 - 2022 Investments & acc Investments Short & Long Terms Loans 45.000 € 80.000 47.919 40.000 € 70.000 35.000 € 60.000 39.501 30.000 € 50.000 25.000 € 30.322 40.000 20.000 € 16.648 € 30.000 15.000 € 15.307 12.674 8.350 9.800 10.000 € 20.000 7.396 € 7.848 6.724 1.316 € 3.8
Slide 32: Investments 2020-2022
Investments 2020-2022 Other 3.370.000 € Epsilon Singular Singular 8.580.000 € 5.630.000 € 29.100.000 € 16.220.00 € Acquisitions 16.220.000 € Equipment & Software 9.510.000 € Sense One Agroapps 1.260.000 € 750.00… Space Hellas All Rights Reserved 32
Slide 33: Financial Indicators
Financial Indicators CONSOLIDATED FINANCIAL STATEMENTS 2017 2018 2019 2020 2021 2022 Turnover % 23,9% 10,8% 9,3% 11,7% 28,0% 24,5% Gross Profit % 8,3% 12,2% 0,0% 3,4% 25,0% 10,1% EBITDA % 12,2% 22,8% 5,8% 8,5% 37,8% 14,4% EBT % 17,9% 26,0% 3,4% 1,7% 131,3% 10,6% EAT % 23,8% 9,3% 24,5% 16,1% 157,9% 8
Slide 34: Stock Details
Stock Details Space Hellas All Rights Reserved 34
Slide 35: Investment Indicators
Investment Indicators 2017 2018 2019 2020 2021 2022 p/e 12 27 27 16,5 13,1 11,1 p/ebitda 2,8 5,6 5,6 4,3 5,4 4,8 p/sales 0,2 0,5 0,5 0,4 0,5 0,4 p/bv 0,9 2,2 2,2 1,6 2,1 1,7 ev/ebitda 4,9 7,0 7,0 5,6 8,9 8,6 number of shares 6.456.530 6.456.530 6.456.530 6.456.530 6.456.530 6.456.530 share price 2,0
Slide 36: Space Hellas Stock Chart 2001 - 2022
Space Hellas Stock Chart 2001 - 2022 • Ref. Symbols: SPACE (ATHEX) • Sector/Subsector: Telecommunications /Telecommunications Equipment • Market: Securities Market • Market segment: Main Market • Listing price per share €18,34 • Price per share €6,34 (9/5/2023) • Market Capitalization €40.934.400,20
Slide 37: Shareholders' Structure
Shareholders’ Structure Free Float 30.5% 2023 50.2% (10/5) 19.3% Major Alpha Bank Shareholders Alpha Bank Group, one of the Space Hellas founders largest financial institutions in Manolopoulos & Bellos Greece Space Hellas All Rights Reserved 37
Slide 38: Thank you for your attention
Empowering Your Digital Transformation Journey Thank you for your attention Classification ISO 27001: Public MK-27052022-1 www.space.gr