Austriacard Holdings AG · ATHEX:ACAG
Austriacard — 9M 2023 Earnings Presentation
27 slides from Austriacard's earnings presentation, November 2023
Slide 1: Corporate Presentation 9M 2023
CORPORATE PRESENTATION 9M 2023
Slide 2: Contents
1. AUSTRIACARD Group Overview 2. Key Investment Highlights Contents 3. Industry Overview & Market Trends 4. Appendix
Slide 3: AUSTRIACARD at a glance
AUSTRIACARD at a glance Business Overview Key Group figures Austrian Group with international presence, leading provider €261.5mn €36.5mn of Payment Solutions, Secure Data Management, Digital 9M 2023 9M 2023 Technologies, with a track record of 125 years €231.2mn €32,7mn 9M 2022 9M 2022 Revenue
Slide 4: AUSTRIACARD shares
AUSTRIACARD shares DUAL LISTING: VIENNA & ATHENS EXCHANGES SECTOR: TECHNOLOGY SYMBOL: ACAG BLOOMBERG: ACAG GA REUTERS: ACAGr.AT COMMENCEMENT OF TRADING: MARCH 23, 2023. NUMBERS OF SHARES: 36,353,868 MARKET CAP: ~€220m ACAG SHARE PRICE 8.500 Listing & Shareholders 8.000 7.500 7.000 Fr
Slide 5: Operational Footprint
Operational Footprint New Jersey ET SS T 7 PRODUCTION FACILITIES N A EN (UK, Andorra, Austria, 3 x O T G EM I Romania, Greece) 8 PERSONALIZATION CENTRES TR N A (UK, Spain, Austria, Poland, Romania, Greece, Türkiye, US) M A SALES OFFICES Norway, Czech Republic, Germany, Croatia, Serbia, Jordan, the U
Slide 6: Key Milestones
Key Milestones Listing of Foundation of Listing of INFORM Acquisition of Acquisition of the Commercial Acquisition of Acquisition Company’s printshop by P. LYKOS Austria Card largest personalization launch of Austrian TAG SYSTEMS of shares on P. Lykos HOLDINGS S.A. on GmbH center in Türkiye digital
Slide 7: Our solutions portfolio: Payments, Secure Data management & Digitalization
Our solutions portfolio: Payments, Secure Data management & Digitalization Digital Transformation Technologies Secure SmartCards Solutions Advanced Printing Services DOB & Cust. Facing Card Payment Digital Printing Apps Solutions Enterprise Process Digital Payment Automations Solutions Security Prin
Slide 8: Contents
1. AUSTRIACARD Group Overview 2. Strategy, Structure, Performance, M&A, Management Contents 3. Industry Overview & Market Trends 4. Appendix
Slide 9: Our strategy for growth: Two major pillars
Our strategy for growth: Two major pillars Geographic and market Products and services share expansion portfolio enhancement New markets: US, UK, Türkiye, Payment and Banking solutions MEA as a service Cross-selling and up-selling to Innovative smart cards: existing clients Biometric, metal
Slide 10: Our new corporate structure since H1 2023
Our new corporate structure since H1 2023 A new corporate structure based on geographical areas Central Eastern Western Europe, Turkiye, Middle East Europe & DACH Nordics & Americas & Africa This structure will: • Enable the faster expansion in new markets • Facilitate the cross selling of the Group
Slide 11: Leading position in several European countries, growing in new markets
Leading position in several European countries, growing in new markets Payment products and Digital Transformation Technologies Security Printing Products & solutions Services • Over 50% market share in Greece and • Market leader in CΕ Romania in Integrated Solutions, Output • Strong presence in SEE
Slide 12: 9M 2023: Strong performance continuation
9M 2023: Strong performance continuation Revenue Adj. EBITDA & margin Amounts in € Amounts in40.0 € m ,1 % m +13 +11 ,6 35.0 % 261.5 30.0 231.2 32.7 36.5 25.0 20.0 9M 2022 9M 2023 15.0 Adjusted EBITDA increased by 11,6% for a margin of 13,9% due to the: Revenue increased by 13,1% in H1 2023 due to t
Slide 13: 2017-22 KPIs: Consistently improving Sales, Adj. EBITDA, Adj. EBT, Operating Cash Flow
2017-22 KPIs: Consistently improving Sales, Adj. EBITDA, Adj. EBT, Operating Cash Flow… 13 Source: Group’s financial statements
Slide 14: Combined with significant margin expansion
…Combined with significant margin expansion 14 Source: Group’s financial statements
Slide 15: Solid M&A track record
Solid M&A track record Recent transactions expanding our product offering and geographical footprint Recent transactions are enhancing growth in targeted areas Countr Company Date Description CAGR y TAG Systems Revenue (€ m) 35% Added enhanced digital services and solutions expertise to the 98.6 A
Slide 16: Highly Experienced Management Team
Highly Experienced Management Team An international team with deep and complementary experience Nikolaos Lykos Panagiotis Spyropoulos Markus Jon Neeraas Manolis Kontos Burak Bilge Dimitris Tzelepis Chairman of the Vice–Chairman of the Kirchmayr EVP Americas, UK & WE Deputy CEO, EVP Türkiye & MEA Exe
Slide 17: Contents
1. AUSTRIACARD Group Overview 2. Key Investment Highlights Contents 3. Industry Overview & Market Trends 4. Appendix
Slide 18: Industry Overview & Market Trends
Industry Overview & Market Trends Summary Cards remain a strong payment method despite the upward trend of other digital payment methods (digital wallet etc.) Cards Market There are 100 Challenger Banks worldwide, as a result of the advent of Fintech Neo Bank and Challenger Banks market is exp
Slide 19: Industry Overview & Market Trends: Cards market
Industry Overview & Market Trends Cards market POS Payment Methods Trends Cards market worldwide (number of cards) Worldwid Amounts in bn CAGR -3% e 2021 4% 49% 2025F 46% 39% 29% 18% 29.3 29.9 30.6 25.2 27.2 10% 4% 5% Cards Digital/Mobile Cash Other wallet 2021A 2022F 2023F 2024F 2025F Europe +2 % C
Slide 20: Industry Overview & Market Trends: Challenger Banks
Industry Overview & Market Trends Challenger Banks Challenger Banks are recently established retail financial institutions, whose activities are based on digital technology and who compete with the large, established banks. Global Neo and Challenger Banks Market Size Top 10 Challenger Banks in 2023
Slide 21: Contents
1. AUSTRIACARD Group Overview 2. Key Investment Highlights Contents 3. Industry Overview & Market Trends 4. Appendix
Slide 22: Appendix
Appendix I. Historical Financial Statements II. Organisational chart of the Group post the Cross-Border Merger III. Glossary
Slide 23: Group's Historical Financial Statements: Consolidated Balance Sheet
I Group’s Historical Financial Statements Consolidated Balance Sheet 31.12.2021 = 31.12.2022 01.01.2022 Amounts in € thousands 30/9/2023 30/6/2023 31.3.2023 restated restated 31.12.2020 31.12.2019 Assets Property, plant and equipment and right of use 93,801 93,144 91,291 90,418 82,955 79,615 80,292
Slide 24: Group's Historical Financial Statements: Consolidated Income Statement
I Group’s Historical Financial Statements Consolidated Income Statement Q3 2022 1-9 2022 Q2 2022 H1 2022 FY2022 Q3 2023 1-9 2023 Q2 2023 H1 2023 Q1 2023 Q1 2022 FY2021 FY2020 FY2019 Amounts in € thousands restated restated restated restated restated Revenue 80,351 94,067 261,517 231,212 91,358 76,73
Slide 25: Group's Historical Financial Statements: Consolidated Cash Flow Statement
I Group’s Historical Financial Statements Consolidated Cash Flow Statement 01.01- 01.01- 01.01- 01.01- 01.01.- 01.01.- 01.01.- 01.01.- 01.01.- 01.01.- Amounts in € thousands 30.09.2023 30.09.2022 30.06.2023 30.06.2022 31.3.2023 31.3.2022 31.12.2022 31.12.2021 31.12.2020 31.12.2019 Cash flows fromope
Slide 26: Organisational chart of the Group post the Cross-Border Merger
II I Organisational chart of the Group post the Cross-Border Merger *A striking off application has been submitted for TAG Nitecrest Limited to the Companies House in UK, i.e., the regulatory body for limited companies in the UK 26
Slide 27: Disclaimer
Disclaimer This presentation contains forward-looking statements, which involve risks This presentation is made by AUSTRIACARD (the “Company”) for you as and uncertainties. These statements may be identified by words such as intended recipient and is strictly confidential. It is furnished to you sol