Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — Investor Presentation (February 2020)
28 slides from Txt E-solutions's investor presentation, February 2020
Slide 1: TXT e-Solutions Corporate Overview
TXT e-Solutions Corporate Overview February 2020
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by TXT e-solutions (“TXT”) and is general background information about TXT’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this prese
Slide 3: TXT Today: reboot of a new story of progress and growth
TXT Today: reboot of a new story of progress and growth After TXT has profitably divested its Retail Division in 2017 obtaining 85 m€ cash (19x EV/EBITDA)… Revenues breakdown …THE NEW TXT started in 2018 is successfully pursuing the growth strategy designed by THE NEW MANAGEMENT that aims to invest
Slide 4: TXT Group Mission, Offering & Leading Team
TXT Group Mission, Offering & Leading Team TXT is an international, specialized provider of engineering software solutions supporting customers in high-tech markets in their mission and business-critical core processes and throughout their product lifecycles. Group Offering: Leadership Team: Alvise
Slide 5: Historical Performance of TXT
Historical Performance of TXT Revenues (m€) EBITDA (m€) 50 6,0 40 5,0 40 36 43M Growth 33 3,8 4,8M YoY € 4,0 3,8 3,5 30 Growth 11.4% Rev. % Inc. € 25 Growth YoY % Inc. % Inc. 9.5% EBITDA YoY 8.5% 29M 9m-19 3,0 11.5% 9.7% 32.9% 9m-19 20 € 2,0 2,8M Rev. 2,0 € % Inc. 10 9m-18 8.0% EBITDA 1,0 9m-18 0 0,
Slide 6: TXT Today: Key Facts & Figures
TXT Today: Key Facts & Figures Revenue by geography 11 LOCATIONS SPECIALIZED WORLDWIDE ENGINEERS UK 8% USA 10% D 7% FR 11% 650+ Other 4% NL 5% Domestic 55% Seattle Amsterdam Dallas Berlin € 43 M Bristol Munich YEARS Stans 30+ EXPERIENCE Toulouse Milan TURNOVER 9m-19 Turin + 49% YoY Bari YEARS NEW GR
Slide 7: Aerospace & Aviation: Key Facts & Figures at Sept. 30, 2019
Aerospace & Aviation: Key Facts & Figures at Sept. 30, 2019 International provider of High-tech Software Solutions & Services to Global Aerospace & Aviation Industry Turnover EBITDA Revenues Revenues 9m-2019 9m-2019 breakdown TEAM growth Aerospace & 15% +350 Aviation boosted by new 85% 28.3M € 3.5M
Slide 8: Fintech: Key Facts & Figures at September 30, 2019
Fintech: Key Facts & Figures at September 30, 2019 First mover & Italian leader in SW Quality services for the Banking Industry, vendor of FinTech SW solutions Turnover EBITDA New FinTech Long-lasting TEAM +300 massive growth products business …more than doubled 9m-2019 in the last year relationship
Slide 9: Aerospace & Aviation
Aerospace & Aviation
Slide 10: A Large Market with a Solid, Steady Growth over the Long Run
A Large Market with a Solid, Steady Growth over the Long Run Our forecast confirms a 4.3% average traffic growth p.a. over the next 20 years… Demand for 39,210 passenger and freight aircraft over the next 20 years….. Source: Airbus GMF 2019-2038 FLEET IN SERVICE EXPECTED TO MORE THAN DOUBLE OVER THE
Slide 11: Aerospace & Aviation – Mission, Markets & Products
Aerospace & Aviation – Mission, Markets & Products An international, specialized provider of software solutions (software Products and engineering Services) supporting customers in their mission-critical core processes and throughout their product lifecycles. Aerospace & Aviation Proprietary product
Slide 12: A steady growth of technologies and customer portfolio
A steady growth of technologies and customer portfolio for a sustainable progress Operational efficiency management in NEW CUSTOMER support of Air France‘s sustainability efforts 12
Slide 13: A suite of products for an accelerated and green growth
A suite of products for an accelerated and green growth TXT is recognized by the aerospace and aviation Route and aircraft economic analysis (Pacelab Suite market as a leading and specialized provider of | Pacelab Mission Suite) innovative products and solution in all the phase Accurately project ai
Slide 14: FinTech
FinTech TXT
Slide 15: A solid growth of FinTech market as an opportunity of fast development
A solid growth of FinTech market as an opportunity of fast development The global fintech ecosystem continued to Slowdown of FinTech worldwide and in the European market in H1-2019: both the number of global fintech deals and the total global investment in fintech dropped in mature at an accelerated
Slide 16: FinTech – Mission, Markets & Products
FinTech – Mission, Markets & Products Provider of specialized Services and Software supporting customers in Banking & Finance market along their business-critical processes and their Digital Transformation journey. FinTech Software Quality Services: Products for Financing, Credit RegTech innovative
Slide 17: Faraday – an AI based and compliance responsive platform
Faraday – an AI based and compliance responsive platform for Banks, P.A. and Financial Institutions Faraday AT Anti-Terrorism Platform Faraday AC Anti-Corruption Platform NEW CUSTOMER Faraday AML Anti-Money Laundering Platform RISK SOLUTIONS 17
Slide 18: Growth strategies
Growth strategies TXT
Slide 19: Growth Strategy - Highlights
Growth Strategy - Highlights A perfect mix of organic-inorganic growth to achieve: • Specialization in Processes, Increasing knowledge and leverage capabilities cross-industry • Ability to serve customers locally, yet on a global scale … with two important strategic assets to be considered as succes
Slide 20: Organic international growth – from processes to evolving innovative products
Organic international growth – from processes to evolving innovative products TODAY TOMORROW We started from specific Replicate the growth path industry process recorded in the last 12 domain… months… New markets penetration by … to provide leveraging the in-house platforms powered by competencies r
Slide 21: Inorganic growth – three key factors to achieve the ambitious growth path
Inorganic growth – three key factors to achieve the ambitious growth path INORGANIC GROWTH: Significant amount of cash available to be invested in the international growth; net cash at September 30, M&A 2019 was 43M €. 1 THREE MAIN New growth-oriented Management driven by SUCCESS ENRICO MAGNI, Group
Slide 22: Summary & Financial Details
Summary & Financial Details TXT
Slide 23: Increasing and solid trading results – First 9 months 2019
Increasing and solid trading results – First 9 months 2019 € thousand 9m 2019 % 9m 2018 % Var % REVENUES 42.534 100,0 28.627 100,0 48,6 Direct costs 23.560 55,4 15.942 55,7 47,8 GROSS MARGIN 18.974 44,6 12.685 44,3 49,6 Research and Development costs 4.455 10,5 2.154 7,5 106,8 Commercial costs 5.860
Slide 24: Strong Balance Structure as at September 30, 2019
Strong Balance Structure as at September 30, 2019 € thousand 30.9.2019 31.12.2018 Var. Intangible assets 24.573 17.751 6.822 Tangible assets 7.679 3.680 3.999 Other fixed assets 1.622 1.511 111 Fixed Assets 33.874 22.942 10.932 Inventories 5.455 3.141 2.314 Trade receivables 18.444 14.029 4.415 Othe
Slide 25: TXT Market Capitalization (m€)
TXT Market Capitalization (m€) 140,0 Free share 120,0 distribution 1:10 Free share 100,0 distribution 1:1 Free share Dividend 11.7m€ 80,0 distribution 1:1 Dividend 3.5m€ 60,0 Dividend 2.9m€ Dividend 5.8m€ 40,0 Dividend 2.7m€ Dividend 2.6m€ 20,0 Dividend 2.1m€ Dividend 10.3m€ - 2010 2011 2012 2013 20
Slide 26: Shareholding Structure – January 2020
Shareholding Structure – January 2020 A. Braga Illa Managers 4,8% 4,0% Laserline SpA 26,5% Treasury Shares Market 9,2% 55,5% 26
Slide 27: Dividends & Shareholder's Return 2011-2019
Dividends & Shareholder‘s Return 2011-2019 DIVIDENDS + TREASURY SHARES • Dividends REPURCHASE (M€) • 2011: 1 € /share (extraordinary, rebased) • 2012: Free Share Distribution 1:1 • 2013: 0.20 € /share (rebased) 4,6 • 2014: Free Share Distribution 1:1 • 2014: 0.25 € / share 1,4 • 2015: Free Share Dis
Slide 28: Thank you for your attention!
Thank you for your attention! www.txtgroup.com Via Frigia, 27 20126 Milano Italy infofinance@txtgroup.com +39 02 257711 © TXT e-solutions – All rights reserved. Confidential and proprietary document. This document and all information contained herein is the sole property of TXT e-solutions . No inte
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