Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — Q3 2021 Earnings Presentation
16 slides from Txt E-solutions's earnings presentation, Nov 9, 2021
Slide 1: Call with Investors
Call with Investors November 9 | 11.00am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR 1
Slide 2: #neverbetter Revenues by Market and EBITDA
2 Since 2018, constantly improving quarterly Revenues and EBITDA results. Fast reboot after COVID-19 outbreak. #neverbetter Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) +40% +43% €66.7 € 8,76 €47.8 €37,1 € 6,12 56% +21% €30,7 65% 13,1% 12,8% €29,6 €17,1 +73% 44% 35
Slide 3: 9m-21 key figures: EBIT, revenues, treasury
3 € 5.4Mn 9m-21, +58.7% vs. 9m-20 €6.3Mn -3% vs. 9m-20, recovering from –12% in Q1-21 € 17.2 Mn 26% of total revenues € 38Mn Short term net financial resources & + €11Mn* in Treasury Shares * Value calculated with stock price of € 8.72 per share (Share Price Sep 30th, 2021)
Slide 4: Sustainable growth, diversification: Aerospace & Aviation and Fintech
_Sustainable growth, diversification 4 Aerospace & Aviation Fintech Turnover 9m-2021: 37.1M € 14% Turnover 9m-2021: 29.6M € Software revenues 9m-2021: +21% Revenues +73% 1.2M € breakdown 9% EBITDA margin 9m-2021: EBITDA margin 9m-2021: 14.8% Software Advanced services 12.1% Projects R&D Investments
Slide 5: Q3 & October Main Events
5 _Q3 & October Main Events
Slide 6: Focus on accelerated growth
6 focus on accelerated • Teratron contribution in 2021 is 5Mln revenues, 1Mln EBITDA, estimated double in 2022 with additional contributions coming from synergies. • We expect to close new operations in Q421 to start with an additional contribution in line with Teratron operation. • Solid pipline of
Slide 7: TeraTron integration and new contracts
7 New contracts with main Banking Institution & Regional Public Entity TXT together with European Space Agency (ESA) for for proprietary platform FARADAY (RegTech) Immersive Search and Rescue (ISAR) Project TXT entered in October 2021 in new, multi-year contracts with the Italian TXT is ready to tak
Slide 8: Aviation flies again
8 flies again: • Pacelab FPO joining the #1000solutions challenge, an initiative by the Solar Impulse Foundation that place us among solutions that meet high standards in profitability and sustainability and present them to decision-makers to fast-track their implementation. • New commercial success
Slide 9: 9 months-2021 Financials
9 9 months-2021 FINANCIALS
Slide 10: 9m 2021 income statement
10 € thousand 9m 2021 % 9m 2020 % Var % REVENUES 66,733 100 47,826 100 39.5 Direct costs 40,122 60.1 26,345 55.1 52.3 GROSS MARGIN 26,611 39.9 21,482 44.9 23.9 Research and Development costs 5,091 7.6 5,045 10.5 0.9 Commercial costs 6,481 9.7 5,755 12.0 12.6 General and Administrative costs 6,283 9.
Slide 11: Q3 2021 income statement
11 € thousand Q3 2021 % Q3 2020 % Var % REVENUES 23,034 100 15,718 100 46.5 Direct costs 13,037 56.6 8,258 52.5 57.9 GROSS MARGIN 9,997 43.4 7,461 47.5 34.0 Research and Development costs 1,778 7.7 1,331 8.5 33.5 Commercial costs 3,109 13.5 2,497 15.9 24.5 General and Administrative costs 2,016 8.8
Slide 12: Net financial position
12 € thousand 30.09.2021 31.12.2020 Var Cash 24,078 11,933 12,145 Trading securities at fair value 48,589 68,161 (19,572) Short term Financial Debts (34,489) (30,636) (3,853) Short term Financial Resources 38,179 49,458 (11,279) Non current Financial Debts - Lessors IFRS 16 (3,877) (3,580) (297) Oth
Slide 13: Capital employed and financing
13 € thousand 30.09.2021 31.12.2020 Change Intangible assets 41,703 37,653 4,050 Tangible assets 11,254 7,460 3,794 Other fixed assets 16,474 2,299 14,175 Fixed Assets 69,431 47,412 22,019 Inventories 9,626 4,749 4,877 Trade receivables 29,354 35,411 (6,057 ) Other short term assets 7,264 5,782 1,48
Slide 14: Share price and shareholders
14 Latest Public Data Available as of 30 September 2021 Treasury Shares; 9,6% Laserline SpA; 29,6% Market; 50,0% Managers; 10,8% Share Price Dec 31st, 2018 9.66€/share Share Price Sep 30th, 2021 8.72€/share Mkt Sep 30th, 2021 103.1m € Dividend Yield 0,5%
Slide 15: Dividends and treasury share repurchases
15 16.3 18 16 14 4.6 11.7 12 1.4 10 8 6.8 1 5.3 6 11.7 10.3 3.7 3.7 3.8 3.2 3.2 0.3 4 1 0.8 1.1 0.6 5.8 5.3 0,74 0.9 3.5 2.9 2 2.6 2.7 0,24 2.1 0,5 0 0.9 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Payment dividends €milion Repurchase Treasury Shares Total Year Dividends Year 2013 0.20 €
Slide 16: Q&A
17 Q&A