Ovh Groupe Sas · EURONEXT:OVH
Ovh Groupe Sas — Ovh Groupe — Q1 2024 Earnings Presentation
19 slides from Ovh Groupe Sas's earnings presentation, Jan 11, 2024
Slide 1: Q1 FY24 Revenue
Q1 FY24 Revenue January 11th, 2024
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT IMPORTANT NOTICE - YOU MUST READ THE FOLLOWING BEFORE CONTINUING The following applies to this document, the oral presentation of the information contained in this document made by OVHcloud (the “Company”) or any person on behalf of the Company and any question-and-answer s
Slide 3: Strong Q1 FY24 in Public & Private Cloud
Strong Q1 FY24 in Public & Private Cloud €240m +18.9% Total Group Public cloud +12.0% Q1 LFL revenue growth Q1 FY24 Q1 LFL revenue growth +14.9% key highlights 110% Private cloud Q1 LFL revenue growth Net Revenue Retention Rate High growth in Public & Private Cloud Good performance in Europe Continu
Slide 4: Continued strong growth in Public & Private cloud with PaaS and Sovereign Products
Continued strong growth in Public & Private cloud with increasing contributions from PaaS and Sovereign Products Public & Private Cloud SecNumCloud PaaS €193m +15.8% €9m x4 €17m +75% Q1 FY24 Revenue Q1 FY24 LFL growth Q1 FY24 Q1 FY24 Nov. 2023 ARR Nov. 2023 ARR 200 20.0% YoY growth YoY growth 180 16
Slide 5: Development of new AI solutions to answer customer needs
Development of new AI solutions to answer customer needs Data Platform AI App Builder A complete data management solution Deploy production-ready generative AI • Unified and low-code solution accelerating application in minutes journey from data collection to business decisions • Build customized AI
Slide 6: Leading the way for a Sustainable Cloud
Leading the way for a Sustainable Cloud OVHcloud is way above its peers in terms of level of eligibility and alignment to EU Green Taxonomy Revenue Opex Capex FY23 figures Benchmark1 Benchmark1 Benchmark1 88% 15% 88% 15% 99% 22% +2pts vs FY22 (1)pt vs FY22 +1pt vs FY22 Eligibility Eligibility Eligib
Slide 7: Growth fuelled by Private & Public Cloud
Growth fuelled by Private & Public Cloud Q1 FY24 reported growth +11.0% Q1 FY24 LFL growth +12.0% +7 (1) 240 240 234 +18.9% (1.4)% +19 Webcloud & Public cloud (2) LFL growth Others LFL growth 216 214 214 214 +14.9% Private cloud LFL growth Reported data LFL data Perimeter, Forex Q1 FY23 and Strasbou
Slide 8: Growth driven by Public & Private cloud
Growth driven by Public & Private cloud Public cloud • Strong growth in Europe and in France, even if slightly below previous quarter, as customers continue to be cautious on their spendings +18.9% 18% • Good customer acquisition in volume in Rest of World Q1 FY24 LFL growth % of Group revenue • Paa
Slide 9: Strong growth in all geographies, especially in Rest of Europe
Strong growth in all geographies, especially in Rest of Europe France • Double digit growth in Public and Reported +9.3% 49% Private Cloud LFL1 +9.3% • Negative impact from Web Cloud Q1 FY24 Europe (excl. France) • Continued high growth in all segments Reported +18.9% 29% • Strong performance in Cen
Slide 10: Continued traction in Enterprise channel
Continued traction in Enterprise channel Digital Enterprise Corporate & 100% Digital Tech Indirect 45% 55% of Q1 FY24 revenue of Q1 FY24 revenue ✔ Continued traction from sales via ✔ High level of growth in Public Cloud in partners France, while Bare Metal cloud has been ✔ Acceleration in Private Cl
Slide 11: Outlook
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Slide 12: Confirmed targets for FY24 and FY25
FY2024 targets FY2025 targets LFL revenue growth 11%-13% Improved versus FY24 Confirmed Adjusted EBITDA margin >37% Improved versus FY24 targets for Recurring ~16% FY24 and FY25 Capex as a % of revenue Growth ~24% Decreasing compared to FY24 Unlevered FCF Positive in H2 Positive on full-year basis 1
Slide 13: Investor day in London on January 17th, 2024
Investor day in London on January 17th, 2024 WHERE? Museum of London Docklands & Live webcast WHEN? January 17th, 2024 10:00am BT (11:00am CET) REGISTER! Direct link to register 13
Slide 14: OVHcloud
Wa OVHcloud
Slide 15: Key takeaways
Key takeaways Sustainable growth Q1 FY24 highlights Confirmed targets in Q1 FY24 €240M Strong growth in Public & Private cloud LFL Revenue growth between 11% - 13% Revenue +12.0% LFL Leading the way in Adj. EBITDA margin >37% +15.8% LFL Sustainable Cloud Growth & Recurring Capex around 24% and In Pu
Slide 16: Appendices
Appendices 16
Slide 17: Glossary
Glossary Like-for-like is calculated at constant exchange rates, constant perimeter and excluding Strasbourg (SBG) direct impacts. Perimeter adjustments correspond to M&A. The net revenue retention rate for any period is equal to the percentage calculated by dividing (i) the revenue generated in suc
Slide 18: Revenue by segment and geography
Revenue by segment and geography By segment By geography Q1 FY2023 Q1 FY2024 Q1 FY2023 Q1 FY2024 In € million – by segment In € million – by geography Reported Reported Reported Reported Private cloud 133.0 149.6 France 106.8 116.7 Public cloud 35.7 43.5 Europe (excl. France) 58.7 69.9 Webcloud & Ot
Slide 19: Reconciliation reported & like-for-like
Reconciliation reported & like-for-like Q1 FY23 FX Perimeter Strasbourg Q1 FY23 FX Perimeter Strasbourg In € million Q1 FY23 LFL In € million Q1 FY23 LFL Reported impacts impacts impacts Reported impacts impacts impacts Private cloud 133.0 -2.8 0.0 0.0 130.2 France 106.8 0.0 0.0 0.0 106.8 Public clo