Doxee S.p.a. · MIL:DOX
Doxee — Non-Deal Roadshow (April 2022)
28 slides from Doxee's roadshow presentation, Apr 12, 2022
Slide 1: Investor Presentation for Integrae SIM Road Show
Investor Presentation for Integrae SIM Road Show Sergio Muratori Casali CEO Guido Spagnoli CFO Modena April 12, 2022
Slide 2: We enable companies to create innovative and digital customer-facing communications
We enable companies to create innovative and digital customer-facing communications April 12, 2022 Investor Presentation 2022 Financial Results
Slide 3: What we do
What we do Managing the digital transformation Doxee Platform® docum ent experience (dx): Digital production, distribution, and digital archiving of documents Data processing paperless experience (px): electronic invoicing, long-term digital Company Consumers preservation, and Data Companies electro
Slide 4: Doxee at a Glance 2021
Doxee at a Glance 2021 Transforming data into relationships • Doxee is a Tech-Vendor and a leading provider of products for 2001 +17.8% 20.4% 16.3% Customer Communications Revenues vs Ebitda Margin R&D on VoP Management (CCM), Digital Founded 2020 FY Customer Experience and Dematerialization of proc
Slide 5: Doxee Benefit Corporation
Doxee Benefit Corporation ESG Commitment Sustainable Offices CO 2 emissions savings Sustainable Governance • New redesign of the offices • 668.873.000.000 digital sheest • Internal ESG Committee • Renewable Energy • 8.466.747 saved trees • Code of Ethics & 231 • Plastic free company • 2 millions ton
Slide 6: Doxee Technological Innovator
Doxee Technological Innovator R&D INVESTEMENTS MARKET VALIDATION Percentage of value of production per year Several international IT analysts include Doxee in their reports, recommending the 13% Doxee invested in R&D for more than 10 years company as a leading global provider of advanced and innovat
Slide 7: Product Lines
Product Lines A Unique Value Proposition DOCUMENT EXPERIENCE PAPERLESS EXPERIENCE INTERACTIVE EXPERIENCE 63% on revenues 20% on revenues 17% on revenues Personalized m icro-sites and videos Digital production, distribution, and archiving Compliant electronic invoicing and digital solutions: Doxee Pw
Slide 8: Doxee Client Base
Doxee Client Base UTILITIES TELCO & MEDIA 1% 1% 3% REVENUES BY INDUSTRIES 7% Telco & Media 8% Utilities 38% Financial Services It Services BANKING & INSURANCE PA & HEALTHCARE Other Industries Public Sector Automotive 42% REVENUES GROWTH RELEVANT PARTNERSHIP +17% Public Sector +200 Clients 70% Recurr
Slide 9: Revenue Breakdown
Revenue Breakdown 13,1 20 CORE CLIENTS (€/mln) PRODUCT LINE GROWTH 20,85 (€/mln) 17,71 2019 10,2 15,49 +19% 2020 +12% CAGR 41% 2021 6,6 81 84% 4,1 4,1 84% 81% 83% 3,4 3,6 3,1 2,7 CAGR 15% CAGR 15% 2019 2020 2021 px px dx dx +28% ix ix +7% GEOGRAPHICAL AREA REVENUES FY2021 BY PRODUCT LINES 9% 7% 10%
Slide 10: Unique Strengths
Unique Strengths Leading to strong financials, thanks to continuous investments in innovation EXPERTISE, RESEARCH CUSTOMER LOYALTY INTEGRATED PRODUCT LINES MARKETS OPPORTUNITIES AND INNOVATION AND STRATEGIC PARTNERSHIP Cloud-native Platform with 3 20 + years of experience and 2.32% churn rate (on re
Slide 11: Financial Data
Financial Data April 12, 2022 Investor Presentation 2022 Financial Results
Slide 12: Strong Revenues growth and huge Investments to increase scalability
FY2021 Strong Revenues growth and huge Investments to increase scalability • Top line growth acceleration (+18%) • The third release of Doxee Platform ® will lead thanks to Doxee’s Unique Value Proposition. to further improvements in terms of efficiency and cost saving from 2022 onwards • Strong per
Slide 13: Key Financials
Key Financials FY 2021 €20.9 mln €26.1 mln €16.0 mln €4.3 mln +17.8% YoY Revenues Value of Gross Margin R&D costs Production €1.7 mln €1.6 mln €5.3 mln €1.7 mln EBITDA EBIT Net Income NFP April 12, 2022 Investor Presentation 2022 Financial Results
Slide 14: Financial Highlights
Financial Highlights 1. 2021 Revenues amounted to €20.9mn: document experience (€13.1mln in 2021) w ith a CAGR FY 2021 2019-2021 rais ed to 19% while interactive experience (€3,6mln in 2021) has a CAGR 2019-2021 2020 2021 v s 2020 of 12%. The product line paperless experience value is substantially
Slide 15: EBITDA Bridge
EBITDA Bridge FY 2021 DOXEE EBITDA BRIDGE (€/mln) Increase Decrease Total EBITDA SALES OTHER DIRECT INDIRECT EBITDA 2020 REVENUES REVENUES COSTS COSTS CAPEX R&D 2021 April 12, 2022 Investor Presentation 2022 Financial Results
Slide 16: Cash Flow bridge
Cash Flow bridge FREE CASH FLOW BRIDGE (€/mn) Increase Decrease Total EBITDA INCOME CHANGE IN CHANGE IN CHANGE IN CHANGE IN CAPEX FINANCIAL FCF TAXES NWC PROVISIONS OTHER EQUITY ITEMS FOR PROVISIONS EMPLOY EES April 12, 2022 Investor Presentation 2022 Financial Results
Slide 17: Investments
Investments 2019 – 2021 ORGANIZATIONAL R&D HEADCOUNT STRUCTURE #102 #121 #142 (€/mln) (€/mln) (€/mln) +43% 9,00 € 4,5 0,9 +32% 8,00 € +15% 4 0,8 +23% 7,00 € +16% 3,5 +19% 4,3 0,7 8,05 € 6,00 € 3 0,6 0,91 0,81 5,00 € 2,5 7,00 € 3,39 0,5 2 0,66 4,00 € 6,02 € 0,4 1,5 2,85 3,00 € 0,3 1 0,2 2,00 € 0,5 0,
Slide 18: Growth Strategy
Growth Strategy April 12, 2022 Investor Presentation 2022 Financial Results
Slide 19: Technology trends as opportunities
Technology trends as opportunities Innovation & Digital Business Acceleration DIGITAL FIRST STRATEGY DATA DRIVEN INTELLIGENT COMPOSABLE PEOPLE CENTRICITY VS OMNICHANNEL PERSONALIZATION AND AI BUSINESS Journeys created by digital Total experience combines Globally, just 7% of firms Technology platfor
Slide 20: Trends Doxee is following
Trends Doxee is following Innovation & Digital Business Acceleration NEW COMMUNICATION MODELS TECHNOLOGY INVESTMENTS AND AI > New frontiers are opening up in many industries and > Cloud offering, architectural models with microservices fields: telemedicine, hybrid workplace, new culture for well- an
Slide 21: Double-digit growth for Doxee's key markets
Double-digit growth for Doxee’s key markets Doxee reference markets CCM REG-TECH DCX (Customer Communication Management) (E-Invoicing, Digital Preservation, E-Procurement) (Digital Customer Experience) $/bn $/bn 23 $/bn 14,9 8,5 3,2 7,5 1,5 2020 2021 2022 2023 2024 2025 2026 2027 2022 2023 2024 2025
Slide 22: Pursuing the strategic roadmap
Pursuing the strategic roadmap Strenghtening the organisational structure to support organic growth Huge investments in 2021 to pave the way to sustainable and profitable growth on a medium to long term basis and to improve scalability: • Skilled and committed people in the commercial structure and
Slide 23: Pursuing the strategic roadmap: Strategic growth through M&A
Pursuing the strategic roadmap Strategic growth through M&A M&A in key international markets to expand in strategic industries – Telco, Utilities, Finance - and boost upselling • Market entry in DACH and consolidation in CEE in the Digital Experience Sector. • Market entry into the Electronic market
Slide 24: Appendix
Appendix April 12, 2022 Investor Presentation 2022 Financial Results
Slide 25: Key achievements
Key achievements FY 2021 May 26 June 10 October 13 April 2 Doxee included for the fourth Doxee included among top signed a global Doxee presents its first consecutive year in Aspire’s creative technology providers partnership with Sustainability Report 2021 Leaderboard in Forrester’s Tech Tide 2021
Slide 26: Stock and Governance
Stock and Governance Sergio Muratori Casali Paolo Cavicchioli Doxee USA Inc (51%) Vice-president and CEO President Doxee Czech Sro (100%) BOARD OF DIRECTORS Doxee Slovak Sro (100%) Babelee Srl (91,4%) Giuseppe Dal Cin Pier Luigi Morara Member Independent Member SHARE PERFORMANCE SHAREHOLDERS’ STRUCT
Slide 27: Doxee Timeline
Doxee Timeline E-billingS.p.A. is founded in Doxee’s SaaS Doxee Doxee Doxee expands Listed on Acquisition of Rebranding Modena, Italy, offering business specializes in become a internationally Euronext Grow th Littlesea Littlesea in Print & Digital services launched PaaS multinational in19 countries
Slide 28: Sergio Muratori Casali, CEO; Guido Spagnoli, CFO
Sergio Muratori Casali, CEO Guido Spagnoli, CFO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com