Slide 1: Interim Report January – June 2024
Interim Report January – June 2024
Slide 2: Presentation of Addnode Group's Interim Report
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Presentation of Addnode Group’s Johan Andersson Interim Report President and Chief Executive Officer January – June johan.andersson@addnodegroup.com 2024 +46 70 420 58 31 Kristina Elfström Mackintosh Chief Financial Officer kristina.mackintosh@addnodegro
Slide 3: Agenda
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Agenda 1. Q2 2024 Interim Report 2. Investment case January – June 2024 3. Q&A 4. Appendix • Addnode Group in brief • Organic and Acquisition-led Growth Strategy • Sustainability Cases • Acquisitions 2022 – 2024 • Shareholders, June 30, 2024 • Share perf
Slide 4: Growth and robust earnings improvement
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Growth and robust earnings improvement 9000 Trend in net sales and EBITA 900 7500 750 6000 600 4500 450 3000 300 1500 150 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q2 Q2 Rolling 2024 2023 Change 12m Net sales, SEK m 2,005 1,554 29%
Slide 5: Breakdown of net sales by geography and category
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Addnode Group Breakdown of net sales by geography Breakdown of net sales by category Q2 2024 Q2 2024 Germany Other USA Other Licenses 15% Services 10% 28% 1% 2% 25% Recurring revenue Sweden UK 72% 28% 19% 5
Slide 6: Digitalization for a Better Society
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Digitalization for a Better Society 6
Slide 7: Digitalization for a Better Society
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Digitalization for a Better Society Proactive maintenance strategy saves More efficient simulation reduces carbon Platform for circular and recyclable time and money emissions from buildings packaging SWG supported Kettering NHS with the Technia has supp
Slide 8: INTERIM REPORT JANUARY - JUNE 2024
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 8
Slide 9: Share of Net Sales, Gross Profit and EBITA by division
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Addnode Group Share of Net Sales* Share of Gross Profit* Share of EBITA* Q2 2024 Q2 2024 Q2 2024 Process Process Management, Design Management Management Process 17% 27% 50% Management, 33% Product Lifecycle Design Design Management, Management, Manageme
Slide 10: Design Management
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Design Management Trend in net sales and EBITA 5000 500 4000 400 3000 300 2000 200 1000 100 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q2 Q2 Rolling 2024 2023 Change 12m Net sales, SEK m 1,214 778 56% 5,139 Gross profit, SEK m 507 3
Slide 11: Design Management: VAR vs Agency model example
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Design Management Current New This is only an illustrative VAR MODEL AGENCY MODEL Change example of differences Autodesk subscription 850 213 -637 between VAR and AGENCY Other 3p software 50 50 0 MODEL. It illustrates only expected changes because Own te
Slide 12: Product Lifecycle Management
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Product Lifecycle Management Trend in net sales and EBITA 2000 200 1500 150 1000 100 500 50 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q2 Q2 Rolling 2024 2023 Change 12m Net sales, SEK m 468 468 0% 1,905 Gross profit, SEK m 230 217
Slide 13: Product Lifecycle Management: Dassault Systèmes partner acquisition
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Product Lifecycle Management • Dassault Systèmes Partner based in Vienna, Austria • Specialized in simulations for the aerospace engineering industry. • 10 employees and net sales of SEK 45 m • Consolidated from third quarter 2024 13
Slide 14: Process Management
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Process Management Trend in net sales and EBITA 1500 300 250 1000 200 150 500 100 50 0 0 2020 2021 2022 2023 2024 R12 Net Sales (SEK m) EBITA (SEK m) Q2 Q2 Rolling 2024 2023 Change 12m Net sales, SEK m 335 320 5% 1,303 Gross profit, SEK m 272 260 5% 1,04
Slide 15: Process Management: timberyard logistics software
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Process Management • Software for timberyard logistics supporting management of raw materials at sawmills and pulp mills • Installed in over 40 industry facilities around Europe • Now 100 % owned by Icebound, previously owned at 50% • Net sales SEK 8 m 1
Slide 16: Process Management: Addoceo Navet
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Process Management • Addoceo’s software Navet is used to manage cases related to transportation of people with mobility or cognitive difficulties • Will become part of Stamford • Net sales SEK 15 m 16
Slide 17: Consolidated Cash Flow
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Consolidated Cash Flow Q2 Q2 YTD Jun YTD Jun SEKm 2024 2023 Change 2024 2023 Change Operating profit 96 56 40 283 205 78 Adjustments for non-cash items 84 94 -10 177 174 3 Other -79 -48 -31 -134 -86 -48 Cash flow from operations before working capital ch
Slide 18: Consolidated Financial Position
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Consolidated Financial Position 30 June 30 June 31 dec SEKm 2024 2023 Change 2023 Change Intangible non-current assets 4,136 3,558 578 3,949 187 Other non-current assets 403 274 129 417 -15 Net working capital -783 -716 -67 -543 -240 Total assets 3,756 3
Slide 19: Addnode Group as an Investment
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Addnode Group as an Investment Sustainable Organic and Attractive Diversification digital solutions acquisition-led growth business model spreads risk Q2 2024 Q2 2024 Full-year 2023 10 largest 9000 900 Other, 1% Licences, 2% customers, 6% 8000 800 7000 7
Slide 20: Questions & Answers
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Questions & Answers 20
Slide 21: Appendix
APPENDIX > ADDNODE GROUP
Slide 22: Addnode Group in Numbers
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Addnode Group in Numbers 0.7 EBITA RTM, Q2 2024 8.3 MARKET CAPITALIZATION NET SALES RTM, Q2 2024 17 bSEK bSEK bSEK ~ GROUP COMPANY EMPLOYEES COUNTRIES COVERED 5 YEAR SHARE PERFORMANCE, 30 JUNE 2024 2,700 19 215 % 22
Slide 23: Who we are
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 WHO WE ARE An add-on growth accelerator for companies providing technologies for a sustainable future. 23
Slide 24: Growth Through Sustainability
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Growth Through 1 Digital solutions that contribute to sustainable development Sustainability 2 Care for people and the planet in our own operations 3 The way we work with our partners and suppliers 4 Long-term financial viability 5 and governance Sustain
Slide 25: Organic and Acquisition-led Growth Strategy
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Organic and Acquisition-led Growth Strategy Acquisitions Organic development Complementary business or Decentralised responsibility markets and authority Values based leadership Strategic support Attractive valuation Synergies and collaboration Addnode G
Slide 26: Kettering NHS
ADDNODE GROUP SUSTAINABILITY CASE STUDIES Q2 2024 CASE STUDY DIVISION Design Management Kettering NHS Proactive maintenance strategy saves NEED time and money Kettering NHS needed effective digital information SWG is an Addnode Group company that creates systems and maintenance procedures to comply
Slide 27: Energy Systems Catapult
ADDNODE GROUP SUSTAINABILITY CASE STUDIES Q2 2024 CASE STUDY DIVISION Product Lifecycle Management Energy Systems Catapult More efficient simulation reduces NEED carbon emissions from buildings Catapult needed to increase the simulation speed Technia is an Addnode Group company, a global of their pr
Slide 28: Näringslivets producentansvar (NPA)
ADDNODE GROUP SUSTAINABILITY CASE STUDIES Q2 2024 CASE STUDY DIVISION Process Management Näringslivets producentansvar (NPA) Platform for circular and recyclable NEED packaging NPA needed a new business and logistics platform Decerno is an Addnode Group company in division to help its member packagi
Slide 29: Acquisitions 2024 YTD
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Acquisitions 2024 YTD Efficture Jetas Quality Systems Optimec GPS Timber Efficture develops and offers proprietary Jetas develops and offers proprietary Optimec delivers turnkey solutions Software for timberyard logistics and software for forest and timb
Slide 30: Acquisitions 2024 YTD Cont.
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Acquisitions 2024 YTD Cont. Addoceo Prime Aerostructures Efficture develops and offers proprietary A leading Dassault Systèmes Partner software for forest and timber based in Vienna, Austria. Specialized in management. Will complement simulations for the
Slide 31: Acquisitions 2023
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Acquisitions 2023 Fast2 Key Performance Team D3 Leading Swedish supplier of business Partner to Dassault Systèmes, operating One of the largest Autodesk partners in systems for real estate companies. Its in North America and Europe. Focused the US, with
Slide 32: Acquisitions 2022
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Acquisitions 2022 Claytex Desys Microdesk Decisive Claytex specializes in advanced DESYS service offering is based Microdesk is a Platinum partner Rule-based decision management simulation and virtual testing, on Dassault Systèmes’ platform, to Autodesk
Slide 33: Acquisitions 2022, cont.
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Acquisitions 2022, cont. JBL JBL’s service offering is based on Dassault Systèmes’ platform, the team adds resources and competence within oil and gas, infrastructure and renewable energy. Division Product Lifecycle Management New employees 2 Annual sale
Slide 34: Shareholders
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 Shareholders Managements shareholdings Shares Shares Share Voting • Johan Andersson, CEO, 400,000 shares and 38,000 Shareholder class A class B capital, % rights, % call options for 92,000 B-shares Aretro Capital Group AB 2,501,328 3,238,496 4.3 16.6 • O
Slide 35: The Share
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 The Share • Average daily traded volume in Q2 2024 was SEK Volume '000 204,000 shares. 140 3500 • Highest daily volume was on May 31st, 120 3000 where 2.45 million shares were traded, 1.5 million of which were sold by Aretro Capital. 100 2500 • Total num
Slide 36: INTERIM REPORT JANUARY - JUNE 2024
INTERIM REPORT JANUARY - JUNE 2024 2024-07-12 36