Profile Systems & Software S.a. · ATHEX:PROF
Profile Systems & Software — Profile Software — Investor Presentation (May 2023)
29 slides from Profile Systems & Software's investor presentation, May 3, 2023
Slide 1: Corporate Presentation: Investor Relations | Overview
Corporate Presentation Investor Relations | Overview
Slide 2: Disclaimer
Disclaimer This document has been created by Profile Software (Profile) in order to be used for specific purposes in corporate presentations. The information included in this presentation has not been reviewed by an independent authority. No belief, position or opinion expressed should be based on t
Slide 3: Agenda
Agenda 01 Overview Company and solutions 02 Market Trends Industry snapshot 03 Financials The company in numbers 3
Slide 4: Overview
Overview
Slide 5: Company at a glance
Company at a glance 30+ 48 300+ 18% >1.5tr Years of Countries of Clients CAGR 2016-22 AUM on our experience presence software(s) 5
Slide 6: Solutions at a glance
Solutions at a glance Investment Banking Large-scale Software Software Projects 6
Slide 7: Investment Management Solutions
Investment Management Solutions Asset & Fund Wealth Management Custody Management Advanced Wealth Mgmt & Robo Automated Custody Operations Operations in one Platform • Asset allocation analysis • Full trade life cycle • Funds management & • Performance analysis & risk • Corporate actions & fees admi
Slide 8: Banking Solutions
Banking Solutions Digital Banking Core Banking Treasury Management Risk Management Digital Banking in-a-box Core banking & payments Turn-key Treasury Platform Regulatory Compliance • Go-Live fast, with low risk • Single automated platform • Complete STP for all • Effective operational, • Fintech ori
Slide 9: Large-scale Projects
Large-scale Projects Interoperability Ministry of Digital Ministry of Labor Banking Platforms Governance & Social Security Payment Systems Ministry of Finance Ministry of Transportation Public Debt Management Ministry of Justice Ministry of Maritime ΑΙ ΙοΤ Affairs Pension Systems Ministry of Public
Slide 10: Presence in 48 countries
Presence in 48 countries Entities in 10 Key financial centers • Athens, Greece • Thessaloniki, Greece • London, UK • Paris, France • Stockholm, Sweden • Oslo, Norway • Dubai, UAE • Nicosia, Cyprus • Miami, USA • Singapore 10
Slide 11: Indicative Clientele
Indicative Clientele Europe MEA, APAC Americas 11
Slide 12: Industry Recognition
Industry Recognition Awards Received Included in Reports 12
Slide 13: 2022 Financial Highlights
2022 Financial Highlights € 25 mil. >100% ~26% ~65% (+30%) Growth since EBITDA Recurring Sales 2022 last 5 years Margins Revenues € 50 mil 24% Cash € 14 mil ~69% (+293%) R&D Solid Balance International New Contract Investments Sheet Sales Awards 13
Slide 14: 2022 Business Highlights
2022 Business Highlights Clients Products Corporate 40 New contracts in FY2022 vs 27 3 major product launches Profile Technologies in FY2021 (+48%) is increasing its manpower to Axia Custody: the automated deliver more innovative systems to investment management platform the Open Banking and Fintech
Slide 15: ESG Pillars
ESG Pillars We build on a positive impact on the environment and communities creating shared value for the society. Responsibility Sustainability Actions Environmental footprint Environment Following specific protocols, we reduce the environmental impact of our operations and our cloud-based platfor
Slide 16: Market Trends
Market Trends
Slide 17: Banking & Wealth industries still growing…
Banking & Wealth industries still growing… Total banks’ IT spend Wealth managers growth & potential (in USDbn, 2021) (in USDbn, 2021) 21.8 10,000 9,129 9,000 8,043 8,000 7,087 75.1 114.9 7,000 6,244 5,501 296.5bn 6,000 4,847 USD 5,000 4,270 3,762 4,000 3,315 2,728 3,000 2,245 1,847 2,000 1,520 84.7
Slide 18: …mainly due to Digital Transformation
…mainly due to Digital Transformation Banking Innovation Challenges Source: The Financial Brand 18
Slide 19: Profile at the Technology Forefront
Profile at the Technology Forefront KYC / On-boarding End Customer Profile provides flexible, modular and lean core solutions to open Payments / Transfers APIs traditional legacy systems to the world of micro services and Open Finance, through Digital Channels Data & Analytics Cloud-based - Saas Inv
Slide 20: Financials
Financials
Slide 21: Strong & Balanced Growth
Strong & Balanced Growth +30% growth incl Highlights divested BU Sales New Contracts €25,0m, € 50,0mil, • 40 new contracts of 30.0 +25% €50 mil value, €20,0m, + 293% 25.0 €15,0m +293% from last +33% 20.0 year 15.0 €12,7 mil, • New blue-chip million € 10.0 +46% clients €8,7 mil 5.0 • Strong recurring
Slide 22: Significant Profitability
Significant Profitability Profitability Highlights 8.0 +29% +15% • Scalable and agile 6.0 6,2 business to perform 5.4 +41% in larger operational 4.0 +108% +45% 8.0 R&D investments 40.0% demands million € +144% 3,8 35.0% • Profitability allows 4.2 3,2 2.0 6.0 30.0% R&D investments 2.7 2.2 1.3 25.0% o
Slide 23: Solid Balance Sheet
Solid Balance Sheet Highlights 50.0 Balance sheet – Assets Ratios 40.0 14.1 3.00 • Strong balance 15.6 sheet to finance 30.0 16.0 5.8 investment plans 5.0 2.00 8,7 • Generation of FCF’s 20.0 3.7 6.7 5.4 with EBITDA 1.00 10.0 16.8 18.6 conversion of c.60% 12.2 • Prudent DSO 0.0 0.00 (c.90d) and worki
Slide 24: Looking Forward Highlights
Looking Forward Highlights Product Market Growth • Continue R&D investments of 25% • Increase focus in the Greek • Sales increase > € 30 mil. in over sales: new tech in AI, Open financial & banking market FY2023 (+20%) API systems, Managed services • Enforce Profile position in the infrastructures •
Slide 25: Looking Forward Highlights: Sales & EBITDA
Looking Forward Highlights • Financial software Sales & EBITDA markets are expected to double in the next 2-3 years 45.0 +30% • Further disruption using 40.0 growth incl new technologies like divested AI, Open API, etc. 35.0 BU +20% • Cross-selling in the 30.0 +25% Nordics and increase 25.0 footprin
Slide 26: Looking Forward: Sales by Product and Region
Looking Forward Sales by Product Sales by Region 45.0 45.0 40.0 40.0 €30,0m, €30,0m, 35.0 +20% +20% 35.0 €25,0m, €25,0m, 30.0 +30% 30.0 +30% 1.5 25.0 12.2 25.0 4.8 1.1 million € 4.5 20.0 11.5 20.0 1.0 3.6 12.0 15.0 9.1 15.0 9.0 11.6 10.0 10.0 9.2 8.1 7.8 5.0 5.0 11.7 8.8 7.8 5.4 6.3 3.1 0.0 0.0 2021
Slide 27: Strategy
Strategy KPIs Transformation Dynamic & Fintech-oriented Products, Growing Market Share Proprietary and New for 3 decades Disruptive Technologies, Efficient Delivery Healthy Profitability, Strategic M&A in the R&D ~20-25% next 2 years, EBITDA 27% Focused Strategy Value to Shareholders New Opportuniti
Slide 28: Comparative Multiples
Comparative Multiples Profile Multiples 12.0x 10.0x 8.0x 6.0x 4.0x 2.0x 0.0x 2021 2022F 2023F 2024F EV / Ebitda (x) EV / Sales (x) Strong growth potential on Multiples 35.0x 30.0x 25.0x 21.0 17.5 19.0 20.0x 15.0x 10.0x 5.0 6.0 3.6 5.0x 0.0x EV/Sales EV/Ebitda MSCI Europe IT Financial Solutions High
Slide 29: profilesw.com
&Profile Software @® profilesw.com imOO@