Slide 1: Call with Investors
Call with Investors August 4 | 11.00 am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Perfect mix of organic & inorganic growth to boost KPIs
2 Perfect mix of organic & inorganic growth to boost KPIs Revenues Solid Organic EBITDA Net Profit €107 Mn Growth in 1H-23 (consolidated) (consolidated) +71.6% +14% €13.9 Mn €6.8 Mn vs. 1H-2022 vs. 1H-2022 Equal to 13% of revenues +93% vs. 1H-2022
Slide 3: Digital Innovation
Digital Innovation 3 Artificial Software Engineering Intelligence Digitization & Servitization of products Extended Reality Quality Data Software Analytics Engineering v 68% of Business * +102% Digital Cybersecurity & Aviation Information Risk Management Smart Solutions v 18% of Business * Fintech,
Slide 4: Revenues by Offering and EBITDA
4 H1-2023 results consolidated the growth trend recorded in the first quarter of the current year, with double-digit organic growth of revenues and EBITDA, and M&A contribution that significantly boosted the revenues with a dilution of the EBITDA margin that is down 1.7pp with respect to H1-2022. Ta
Slide 5: € 4.5Mn H1-23, +14% vs. H1-22 € 20Mn H1-23, +12% vs. H1-22 € 22Mn
5 € 4.5Mn H1-23, +14% vs. H1-22 € 20Mn H1-23, +12% vs. H1-22 € 22Mn 20% of total revenues € 24Mn (Net Debt Adjusted) - € 27Mn* in Treasury Shares * Value calculated with stock price of € 22,35 per share (Share Price June 30th, 2023)
Slide 6: Core Markets & Incidence
Core Markets & Incidence 6 6 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 2000 experts, competence centers in AI, cybersecurity, XR, IoT. Aerospace Industrial Telco,
Slide 7: Revenues by Market and EBITDA by Market
The graphs below shows H1-2023 KPIs, with a comparison against H1-2022, according to previous 7 business segmentation by historical core markets (after divestment of retail business), with two divisions Aerospace & Aviation and Fintech that include the new markets covered through M&A, as detailed in
Slide 8: H1-2023 Subsequent Events & Business Evolution
8 _H1-2023 Subsequent Events & Business Evolution
Slide 9: Smart Solutions
9 9 Smart Solutions: • Division recorded a +8.8% organic growth driven by new contracts in the core markets. • RegTech: New multi-year contract with main national banking institution for Faraday, proprietary AML Platform AI based. • Digital Twin: strong licenses upselling with a leading North Americ
Slide 10: Digital Advisory
10 10 Digital Advisory: • Division recorded a +34.9% organic growth led by the start of the activities on CONSIP contracts (Public Sector) in H2- 2023, with the positive trend confirmed for coming periods. • Health care: benefits from synergies from M&A-22, that led to the acquisition of new contrac
Slide 11: Software Engineering
11 11 Software Engineering: • Division recorded a double-digit organic growth (+11.7%) driven by new opportunities in core historical market, Defence & Fintech. • Embedded & Simulation software: Aerospace & Defence remains a strategic market, with the international business that recorded a +30% in H
Slide 12: Smart Solutions: TXT to acquire Embedded Graphics business
Smart Solutions: 12 12 TXT to acquire • On July 11, 2023, TXT singed the asset purchase agreement to acquire Embedded Graphics business ("EG business") from Presagis entities, which are wholly owned subsidiaries of the Canadian giant CAE Inc; • EG business, which will be synergically integrated with
Slide 13: TXT e-Swiss
13 13 TXT E-SWISS • In July TXT e-Swiss was born as a fusion of TXT Next Sagl and MACSOLUTION SA. • Empower the presence in CH by bringing the overall offering of TXT Group to the region: Digital Advisory, Software Engineering and SMART Solutions • Strong and continuous growth Aerospace & Defence cu
Slide 14: H1-2023 Financials
14 H1-2023 FINANCIALS
Slide 15: H1-2023 income statement
15 € thousand 30.06.2023 % 30.06.2022 % Var % REVENUES 107,299 100 62,538 100 71.6 Direct costs 69,949 65.2 38,482 61.5 81.8 GROSS MARGIN 37,350 34.8 24,056 38.5 55.3 Research and Development costs 4,499 4.2 3,954 6.3 13.8 Commercial costs 10,486 9.8 5,719 9.1 83.4 General and Administrative costs 8
Slide 16: Q2 2023 income statement
16 € thousand Q2 2023 % Q2 2022 % Var % REVENUES 54,987 100 32,020 100 71.7 Direct costs 35,433 64.4 19,591 61.2 80.9 GROSS MARGIN 19,554 35.6 12,429 38.8 57.3 Research and Development costs 2,268 4.1 2,046 6.4 10.9 Commercial costs 5,244 9.5 2,552 8.0 105.5 General and Administrative costs 4,957 9.
Slide 17: Net financial position
17 .000 Euro 30.06.2023 31.12.2022 Var Cash 65,169 33,015 32,154 Trading securities at fair value 38,136 48,490 (10,354) Short term Financial Debts (80,826) (51,187) (29,639) Short term Financial Resources 22,478 30,318 (7,839) Other Long Term Financial Assets 1,607 1,417 190 Non-current financial d
Slide 18: Balance sheet and capital employed
18 € thousand 30.06.2023 31.12.2022 Change Intangible assets 76,586 77,975 (1,389 ) Tangible assets 20,378 18,293 2,085 Other fixed assets 22,238 19,360 2,878 Fixed Assets 119,202 115,628 3,574 Inventories 17,076 13,765 3,311 Trade receivables 60,429 73,115 (12,686 ) Other short term assets 15,757 1
Slide 19: Shareholders, share price and dividends
19 * Latest Public Data Available as of 39 June 2023 Treasury 18 16,3 Shares; 9% 16 Laserline 14 4,6 L.V.O. Global Asset SpA; 30% 10,6 Management S.A. 12 3% 10 8 6,8 5,3 5,5 6 11,7 1 8,5 4 5,8 5,3 5,5 2 0,76 Market; 0,26 2,1 0 0 0,5 0 45% 2018 2019 2020 2021 2022 H1-23 Managers; Repurchase Treasury
Slide 20: Q&A
21 Q&A