Convergenze Spa Societa Benefit · MIL:CVG
Convergenze Spa Societa Benefit — FY2023 Earnings Presentation
29 slides from Convergenze Spa Societa Benefit's earnings presentation, Apr 2, 2024
Slide 1: FY2023 Results
FY2023 Results 50 Convereenze® internet - phone - TV - energie April 2, 2024 Oe ® @
Slide 2: Agenda
AGENDA • Company Overview • 2023 achievements • Financials • Strategic guidelines 2
Slide 3: Company Overview
COMPANY OVERVIEW 3
Slide 4: Company overview
Company overview Convergenze S.p.A. Benefit Corporation is an integrated technology operator active on a national level in the Telecommunications and 100% green Energy sectors, with charging points for electric cars through its patented EVO (Electric Vehicle Only) network. Established in 2005 in Cap
Slide 5: Shareholders and Corporate Governance
Shareholders and Corporate Governance Shareholding structure Corporate governance % ordinary Board of Directors shares Pingaro Rosario Chairman Pingaro Grazia Vice Chairman Pescetto Paolo Director Palladino Teresa Director Malito Rebecco Luciano Director Manzi Giancarlo Director Shareholder N. total
Slide 6: The TLC BU
The TLC BU TLC The Company proposes the offer of the voice + data bundle on a local, regional and national basis following obtaining the General Authorization from the Ministry of Economic Development (MISE). The Company, owner since 2014 of the General Authorization for the creation of electronic c
Slide 7: The Energy BU
The Energy BU ENERGY Since 2015, the Company has included the energy and natural gas sector among its services with an independent BU. The energy supplied in 2022 comes partly from renewable sources. The Company has demonstrated a strong commitment to the diffusion of electric mobility with the pate
Slide 8: EVO Network
EVO Network ❖ A nationwide supplier of electricity and natural gas, Convergenze has set up a network of charging stations and points called EVO (Electric Vehicles Only), for which it has obtained a patent for an industrial invention, in support of electric mobility. ❖ In addition to the EVO Network,
Slide 9: The new BU: Media & Content Delivery
The new BU: Media & Content Delivery The ongoing process of digital revolution and the increasing integration of the entertainment and media and TLC and Internet market segments have prompted the Convergenze management to set up a new BU. The new BU aims at developing a set top box to provide Conver
Slide 10: At a glance
At a glance * Update at FY2023 10
Slide 11: 2023 Achievements
fee 2023 ACHIEVEMENTS 11
Slide 12: December 2023
December 2023 A NEW AGREEMENT SIGNED WITH SUEZ ITALY FOR THE IMPLEMENTATION AND MANAGEMENT OF THE SMART METERING IOT SYSTEM FOR THE AUTOMATION OF THE READING AND MANAGEMENT PROCESSES OF WATER METERS THROUGH LoRaWAN® TECHNOLOGY On December 27, 2023 - Convergenze announces that it has signed a new agr
Slide 13: September 2023
September 2023 AGREEMENT WITH AGILE CONTENT: THE ACTIVITY OF THE MEDIA&CONTENT DELIVERY NETWORK BU STARTS WITH IMPELLING On September 12, 2023 - Convergenze signed a five-year agreement to offer from 1Q2024 entertainment content to its subscribers throughout Italy with the Spanish company Agile Cont
Slide 14: September 2023
September 2023 CONVERGENZE SIGNED AN AGREEMENT WITH SUEZ ITALY FOR THE SUPPLY OF LORAWAN CONNECTIVITY SERVICES FOR THE REMOTE READING OF METERS IN THE WHOLE CITY OF SALERNO On September 4, 2023 - Convergenze was selected by SUEZ Italy S.p.A. for the supply of the network, based on LoRaWan® technolog
Slide 15: July 2023
July 2023 CONVERGENZE LAUNCHES THE 60GHZ FIXED WIRELESS SOLUTION ON A PROPRIETARY WIFI NETWORK WHICH ALLOWS A VERY HIGH-PERFORMANCE CONNECTION On July 17, 2023 - Convergenze expands its offering of connection solutions with the launch of 60 Gigahertz Fixed Wireless technology, capable of offering us
Slide 16: May 2023
May 2023 ACQUISITION OF 1,400 CUSTOMERS PORTFOLIO OF POSITIVO On May 22, 2023 - Convergenze acquires from the subsidiary Positivo S.r.l. a portfolio of about 1,400 customers and the related wholesale supply contracts. The operation involves the acquisition of a Positivo customer portfolio consisting
Slide 17: Financials
fee FINANCIALS 17
Slide 18: Highlights FY2023 vs FY2022
Highlights FY2023 vs FY2022 €/million € 3.2 € 22.6 € 1.2 (€ 28.1 FY2022) +120% (€ -0.4 FY2022) (€ 1,4 FY2022) Revenues EBIT EBITDA Adj. € 0.5 € 5.6 (€ -0.7 FY2022) (€ 6.1 FY2022) NET RESULT NFP 18
Slide 19: Value of production: performance
Value of production: performance €/million Value of production 2017-FY2023 30.0 28.3 25.0 9.5 22.8 18.9 20.0 16.7 16.4 10.6 13.8 15.0 9.3 7.0 7.6 10.0 6.8 18.8 12.2 5.0 9.7 8.8 9.6 7.0 0.0 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 Energia TLC Totale Value of production breakdown FY2023 33.6% VoP 22.
Slide 20: EBITDA Adj: performance
EBITDA Adj: performance €/million 3.5 3.5 3.20 1.82 1.45 3 0.20 3 2.29 2.5 1.34 1.63 2 0.50 2.5 1.5 0.36 2.9 2.66 2 0.12 2.57 1 1.79 1.22 1.27 1.5 0.5 0 1 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 -0.5 (0.83) (1.12) 0.5 -1 -1.5 0 EBITDA Adj. TLC EBITDA Adj. Energy EBITDA Adj. 20
Slide 21: Income statement highlights
Income statement highlights INCOME STATEMENT HIGHLIGHTS € FY2023 FY2022 % Sales revenues 22,646,899 28,141,296 -19.5% Value of production 22,818,910 28,356,396 -19.5% Total operating costs (19,633,620) (26,908,456) -27.0% EBITDA Adj 3,185,290 1,447,940 120.0% EBITDA margin adj 14.0% 5.1% EBIT 1,185,
Slide 22: Income statement highlights - BU
Income statement highlights - BU INCOME STATEMENT HIGHLIGHTS - BU TLC € FY2023 FY2022 % Sales revenues 10,478,855 9,348,524 12.09% Value of production 10,633,740 9,518,705 11.71% Total operating costs (7,687,368) (6,945,705) 10.68% EBITDA Adj 2,946,372 2,572,902 14.52% EBITDA margin adj 27.7% 27.0%
Slide 23: Balance sheet highlights
Balance sheet highlights BALANCE SHEET HIGHLIGHTS ASSETS LIABILITIES AND EQUITY € FY2022 FY2023 € FY2022 FY2023 Fixed assets 12,847,395 13,730,664 Net Financial Position 6,142,266 5,573,053 Net working Capital (784,694) (1,619,733) Equity 5,160,825 5,656,523 Provisions and other funds (759,606) (881
Slide 24: Net financial position and fixed assets
Net financial position and fixed assets €/million Fixed assets 2019-FY2023 €/million 16 12.75 13.70 14 11.41 0.8 12 0.91 7.43 0.91 10 4.94 0.63 8 6 12.90 0.16 11.84 10.50 4 6.80 2 4.78 0 FY2019 FY2020 FY2021 FY2022 FY2023 24 Tangible fixed assets Intangible fixed assets
Slide 25: Strategic Guidelines
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Slide 26: Strategic guidelines 1/2
Strategic guidelines 1/2 Proprietary fibre optics ▪ Extension of the proprietary fiber-optic network (FTTH) in municipalities where the company has reached a 'critical mass' of customers served by and Wifi wireless technology ▪ Convergenze aims at diversifying its product portfolio through the intro
Slide 27: Strategic guidelines 2/2
Strategic guidelines 2/2 Network expansion ▪ Convergenze aims at being recognized as a national operator by expanding and its presence throughout Italy. consolidation ▪ The company is ready to seize the important development opportunities IOT and expected in the IoT sector, especially following the
Slide 28: Disclaimer
Disclaimer This document has been prepared by Convergenze S.p.A. SB (hereinafter, also the "Company") for information purposes only and for use at meetings with institutional investors and financial analysts in presentations of the Company's results and strategies. For further details on Convergenze
Slide 29: Contacts
Contacts Investor Relations Convergenze: Rosario Pingaro investor@convergenze.it Investor Relations Consultant: CDR Communication Claudia Gabriella Messina claudia.messina@cdr-communication.it Silvia di Rosa silvia.dirosa@cdr-communication.it Follow us: 29
Convergenze S.p.A. Società Benefit — FY2023 Earnings Presentation on 6ix