Doxee S.p.a. · MIL:DOX
Doxee — FY2024 Earnings Presentation
18 slides from Doxee's earnings presentation, Apr 1, 2025
Slide 1: Investor Presentation FY 2024 Results
Investor Presentation FY 2024 Results Paolo Cavicchioli Chairman & CEO Sergio Muratori Casali Co-CEO & Investor Relations Manager Silvia Mantovani Group CFO Modena FY 2024 Financial Results, April, 2025
Slide 2: FY 2024 Achievements
FY 2024 Achievements 2024: a year of recovery in terms of growth and profitability for Doxee 2024 main achievements thanks to the implementation of the O3 strategy Organizational integration, technology improvement and stronger value proposition STRONG REVENUES SIGNIFICANT COST GROWTH IN THE DACH AR
Slide 3: FY 2024 Results & Overview
FY 2024 Results & Overview Revenues EBITDA Net Result NFD R&D Investments € 26.5 mln € 2.9 mln € -3.7 mln € 19.3 mln € 4.6 mln +2.4% YoY vs € -0.2 mln in FY23 vs € -5.1 mln in FY23 vs € 21.6 mln in FY23 vs € 6.9 mln in FY23 Highlights Positive effects on profitability • 1st release of the ONE Platfo
Slide 4: Consolidated Revenues Breakdown
Consolidated Revenues Breakdown REVENUES GREW (+2.4%) vs FY 2023 thanks to an increase in revenues in the DACH and CEE regions. Italy recorded a (€/mln) +3% FY 2023 trend substantially in line with FY 2023. FY 2024 18.7 19.2 Subscriptions revenues recorded an +1% increase (+3%) compared to FY2023 an
Slide 5: FY 2024 Financial Highlights
• FY 2024 Revenues amounted to € 26.5 mln FY 2024 Financial Highlights (+2.4% vs FY 2023) thanks to a good growth in the DACH and CEE regions. PROFIT & LOSS (€/mln) FY 2024 FY 2023 • EBITDA positive to € 2.9 mln thanks to the efficiency improvement of internal processes Sales Revenues 26.5 25.8 whic
Slide 6: EBITDA Bridge
EBITDA Bridge (€/mln) 3.5 3.0 1.1 2.9 2.5 2.0 0.8 1.5 0.9 1.0 0.5 0.6 - (0.3) (0.2) (0.5) EBITDA INCREASE IN DECREASE IN DECREASE IN DECREASE IN DECREASE IN EBITDA FY 2023 SALES OTHER DIRECT INDIRECT R&D COSTS FY 2024 REVENUES REVENUES COSTS COSTS • The improvement was mainly determined by a decreas
Slide 7: FY 2024 Investments
FY 2024 Investments R&D AND VALUE OF PRODUCTION COST OF SERVICES COST OF PERSONNEL (€/mln) (€/mln) (€/mln) Annual VoP Doxee S.p.A. Doxee S.p.A. R&D Subsidiaries Subsidiaries 29.5 29.8 28.7 13.3 12.2 11.9 10.0 8.8 8.4 3.5 3.9 6.3 6.9 4.6 2.3 1.6 1.3 0.6 FY 2022 FY 2023 FY 2024 FY 2022 FY 2023 FY 2024
Slide 8: Net Financial Debt Bridge
Net Financial Debt Bridge (€/mln) Increase Decrease Total 5.8 0.1 (19.3) (21.6) 5.1 1.7 (3.7) (2.1) (4.6) NFD NET LOSS INVESTMENTS D&A CHANGE CHANGE IN SHARE CAPITAL CHANGE IN NFD 31.12.2023 IN NWC OTHER NWC INCREASE PROVISIONS 31.12.2024 FOR EMPLOYEES FY 2024 Financial Results, April, 2025 Investor
Slide 9: Net Financial Debt Breakdown
Net Financial Debt Breakdown €/000 BANKS SIMEST Other Total Short-term Advances Loans financing Current 2,827 3,022 748 1,224 267 8,088 Long-term 5,865 3,271 1,730 10,886 Rights of Use 1,439 Total 2,827 8,887 748 4,495 1,997 20,393 Cash and cash equivalents (1,057) Net Financial Debt 19,336 FY 2024
Slide 10: Growth Strategy
GROWTH STRATEGY FY 2024 Financial Results, April, 2025 Investor Presentation
Slide 11: Strategic growth key points
Strategic growth key points Doxee a leading player in the digitization process is evolving into a Leading European technology vendor in the areas of Digital Customer Experience (DCX) and Customer Communications Management (CCM) ONE ONE ONE VALUE COMPANY PLATFORM PROPOSITION FY 2024 Financial Results
Slide 12: ONE Company
Creation of a single structure at global level with the aim of maximizing the investment made with the acquisition of Infinica GmbH, now Doxee AT Merger of Babelee Process of reorganizing the Group by bringing into the organization the roles of: • Chief Revenues Officer ONE • Chief Product Officer C
Slide 13: ONE Platform
Development of a pan-European technological platform able to support the development of partnerships and also indirect channels - 1st release Integrated Doxee Platform Possibility of improving and certifying ESG objectives of client companies in Italy, DACH and CEE areas Continuous investments in t
Slide 14: Recent Market Validation
Recent Market Validation SPARK Matrix : Customer Communication Management , 2024, 2023, Leaderboard for Customer Communications Management e Digital Customer Experience, 2024, 2023, 2022, 2021, 2020, CCM Trends and Vendor Report 2023, 2021 Customer Communications Management Systems dedicated to BSFI
Slide 15: ONE Value Proposition
Focus on Top Enterprise Market in Italy, DACH and CEE Focus on Phygital: supporting the digitization process through the integrated management of physical and digital communication – ONE Platform for CCM and CXM bundle of features Consolidation and strengthening of positioning: strong potential of t
Slide 16: Sustainable Revenues Growth
Focus on increasing revenues ARR (Annual Recurring Revenues) based Strengthening of Pre-Sales and Sales Team, especially in the DACH Region Up-selling & cross-selling structured proposal based on the new integrated product portfolio ready for the current SUSTAINABLE customer base and new prospects R
Slide 17: Key Takeaways
Key Takeaways 1 One Company with a single structure at European level 2 A European technological platform 3 One Value Proposition 4 Sustainable revenues growth FY 2024 Financial Results, April, 2025 Investor Presentation
Slide 18: Contact details
Paolo Cavicchioli, Chairman & CEO Sergio Muratori Casali, Co-CEO & Investor Relations Manager investor.relations@doxee.com DoxeeVirgilio Viale doxee.com Spa 48/B 41123 Modena - Italy Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com