Accesso Technology Group Plc · LSE:ACSO
Accesso Technology — H1 2021 Earnings Presentation
16 slides from Accesso Technology's earnings presentation, Sep 14, 2021
Slide 1: 2021 Interim Results
2021 Interim Results 14 September 2021
Slide 2: Agenda
Agenda 1. H1 Overview 2. H1 Financials 3. Long term priorities 4. Summary & Outlook ©2021 accesso Technology Group, plc 2
Slide 3: First Half Overview
First Half Overview Outstanding financial performance as we capture significant uptick in technology demand 3
Slide 4: First Half Highlights
First Half Highlights Refreshed and refocused business drives revenue back to 2019 levels. Record Cash EBITDA performance. Organisational realignment delivering results-focused initiatives. Set up to deliver long-term profitable, cash generative performance. Record Virtual Queuing revenue via client
Slide 5: Capturing new opportunities for long term growth
Capturing new opportunities for long term growth Rapidly responding to demand Innovating to drive growth & optimise Major focus on cross selling Moving swiftly to win new business Contactless payments & accesso Pay Uptick in demand leading customers to consider complementary services Investing where
Slide 6: Market conditions driving record demand
Market conditions driving record demand Virtual Queuing demand and expanded opportunities - Alternatives to standard queues becoming industry standard alongside consumer expectation - Continued innovation to maintain lead (e.g. multi-queues, future bookings, Prism 2.0 device) - Implemented Qsmart ac
Slide 7: Financial Results
Financial Results Strong performance in challenging market environment 7
Slide 8: Financial Headlines
Financial Headlines Transactional Non-Repeatable Other Repeatable Other Outstanding financial performance H1 2021 H1 2019 3% Innovative transactional 5% 10% revenue better than expected 10% 15% 15% More effective operational 72% structure 70% Strong liquidity position ©2021 accesso Technology Group,
Slide 9: Revenue by Type
Revenue by Type H1 2021 H1 2019 % H1 2020 Discussion and Analysis Transactional revenue 35,581 36,370 (2.2%) 12,072 Total Repeatable 40,477 41,459 (2.4%) 17,118 • Strong revenue growth in Professional Non-repeatable revenue 7,665 7,893 (2.9%) 6,408 services on both H1 2019 and H1 2020. Other revenue
Slide 10: Income Statement
Income Statement Discussion and Analysis H1 2021 H1 2020 H1 2019 Revenue 50,654 24,572 50,712 • Administrative expenses increased in H1 2021 (H1 2020: $38.8m), reflecting return to more normal operating levels; increase curtailed by significant number of open positions. • Rightsized operations enabl
Slide 11: Alternative Performance Measures
Alternative Performance Measures Discussion and Analysis H1 2021 H1 2020 H1 2019 Operating profit/(loss) 1,655 (18,706) (4,043) Cash EBITDA 9,819 (10,369) 1,005 ©2021 accesso Technology Group, plc 11
Slide 12: Cash Flow
Cash Flow H1 2021 H1 2020 H1 2019 Underlying cash from operations 7,632 (9,167) (4,496) Discussion and Analysis Underlying free cash flow 5,361 (15,190) (14,146) Movement in net cash/(debt) in period 3,501 30,495 (15,695) Opening net cash 29,656 354 480 Closing net cash/(debt) 33,157 30,849 (15,215)
Slide 13: Long-Term Priorities
® accesso Long-lerm Priorities Capturing record demand
Slide 14: Go-forward strategic priorities
Go-forward strategic priorities Extending remote work and planning for long term Deliver revenue optimising “new normal” Support continued recovery with a enhancements focus on driving value underpinned with quality service Aligning staffing levels to support expanded opportunities alongside Ensure
Slide 15: Outlook & Guidance
Outlook & Guidance Confident of a strong second half of 2021 15
Slide 16: Summary and Outlook
Excellent first half performance Summary Revenue and profit performance ahead of expectations and Responsive approach to market changes proving resiliency Outlook Strategy for long-term growth is working Operational changes boosting efficiency and innovation Leadership alignment behind areas of oppo
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