Atp Yazilim Ve Teknoloji As · BIST:ATATP
Atp Yazilim Ve Teknoloji As — ATP Yazılım ve Teknoloji A.Ş. — Q1 2023 Earnings Presentation
13 slides from Atp Yazilim Ve Teknoloji As's earnings presentation, May 9, 2023
Slide 1: ATP 1st Quarter 2023 Results Presentation
ATP 1st Quarter 2023 Results Presentation May 9, 2023
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect ATP management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations refle
Slide 3: Business & Financial Update
Business & Financial Update 1st Quarter 2023 Results Presentation
Slide 4: Q1 2023 Highlights: Solid Start to Year
Q1 2023 Highlights: Solid Start to Year Revenue Gross Profit TRY 86.4 M 91% YoY TRY 162.4 M 84% YoY GP Margin 53.2% +4.0 points QoQ EBITDA Net Income TRY 42.9 M 56% YoY TRY 41.6 M 51% YoY EBITDA Margin 26.4% Net Income Margin 25.6% +2.2 points QoQ +2.2 points QoQ
Slide 5: Q1'23 Progress: A Diversified Business Model
Q1’23 Progress: A Diversified Business Model ▪ 36 to 60 month MRRs contributing to growth ▪ Volume of BIST among competitive systems 51%1 ▪ Providing solutions to 4 of the top 20 QSR brands in the world ▪ Opportunities with new entrants to financial markets, ▪ 547 customers in 5 countries next gen m
Slide 6: Balanced Revenue Distribution Contribution to Performance
Balanced Revenue Distribution Contribution to Performance1 Revenue Distribution Revenue Distribution Domestic & International Q1 2023 By Business Area REVENUE 97.9M 109.4M 67,4% 162.4M 60,3% YoY %69,5 YoY 30.3M 18,7% %163,0 32,6% YoY 21,0% %86,2 34.1M 53.0M YoY %137,4 YoY %13,1 Revenue Distribution
Slide 7: Higher Predictability with MRRs
Higher Predictability with MRRs Q1 ‘23 MRR DISTRIBUTION STEADILY INCREASING MRR (M, TRY) 49% 120 30% MRR 21% 100 Tradesoft Zenia ATP Digital 80 Q1 2023 60 MRR REVENUES GROWTH TRY 96.7M 78.9% YoY 40 20 SHARE OF TOTAL REVENUES 51.2% +8.3pp 59.5% 0 YE 2022 Q1 2023 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23
Slide 8: Servicing Leading Brands
Servicing Leading Brands 33 Finance and Capital Customers Markets Customers 547 Hospitality Industry Customers Customers Enterprise IT and 71 Digital Transformation Customers Customers
Slide 9: Drivers of Revenue Behind Strong Growth
Drivers of Revenue Behind Strong Growth Revenue Growth (M, TRY) Revenue Breakdown & Bridge (M, TRY) Tradesoft Zenia ATP Digital 84% 162.4 Share of 166.1 162.4 Revenues 24 15% 34 21% 162.4 88.4 88.4 137% 86% 70% 14 16% 115 69% 98 60% YoY YoY YoY 58 65% 26 16% 30 19% 16 18% Q1.22 Q4.22 Q1.23
Slide 10: Solid EBITDA Performance, Steady Contribution from Business Areas
Solid EBITDA Performance, Steady Contribution from Business Areas EBITDA Growth (M, TRY) EBITDA By Business Area (M, TRY) 56,3% 42,0 42,9 21,1% 13.5 M 23,5% 31,4% 27,5 35,4% 44,5% 17.5 M 40,8% 41,1% 34,4% 27,8% 11.9 M Q1.22 Q4.22 Q1.23 Q1.2022 Q4.2022 Q1.2023 Tradesoft Zenia ATP Digital
Slide 11: Effective Financial Management
Effective Financial Management Net Income (M, TRY) Multiple Upsides & Developments 51.2% ▪ Post pandemic China to pick up in 2023 41,6 ▪ Kiosk business to gather momentum in H2 QoQ ▪ Tradesoft mobile apps, GreenX and Tıkla Gelsin 32.9% multibrand to launch in H2 31,3 ▪ USD/TL rate was up 2.4% for Q1
Slide 12: Strong Balance Sheet and Improved Working Capital
Strong Balance Sheet and Improved Working Capital Summary Balance Sheet (M, TRY) Working Capital/Revenue 31.03.2023 31.12.2022 Δ Cash and cash equivalents 200.6 197.4 1.6% Trade receivables 252.1 226,2 11.4% Inventories 18.4 12,5 46.6% Property, plant and equipment 5.8 5,4 6.4% Intangible assets 138
Slide 13: Thank You
Thank You Ümit Cinali Ceyhan Er Burcu Nergiz CEO CFO IR Manager www.atp.com.tr yatirimci@atp.com.tr
ATP Yazılım ve Teknoloji A.Ş. — Q1 2023 Earnings Presentation on 6ix