Siili Solutions Oy · OMXHEX:SIILI
Siili Solutions Oy — H1 2020 Earnings Presentation
13 slides from Siili Solutions Oy's earnings presentation, Aug 12, 2020
Slide 1: H1 Results 2020
Siili Solutions Oyj H1 Results 2020 Marko Somerma 12.8.2020
Slide 2: Highlights of H1 2020
Highlights of H1 2020 • Siili’s strong culture, competent people & flexible operating model showed its strength during a challenging period EUR 44,0 million • Positive growth and profitability trend continued Revenue H1 Organic growth 8,2 % • Strong Core and VALA performance • Challenges with Siili
Slide 3: H1 growth and profitability on the right track!
H1 growth and profitability on the right track! 50,0 12,0% 45,0 10,0 % 10,0% 40,0 7,8% 8,1% 35,0 8,6 % 44,0 6,7 % 8,0% 30,0 40,7 Revenue (MEUR) 25,0 34,2 6,0% 28,9 EBITDA % 20,0 23,9 4,0% 15,0 10,0 2,0% 5,0 0,0 0,0% H1 / 2016 H1 / 2017 H1 / 2018 H1 / 2019 H1 / 2020
Slide 4: Key figures H1 2020
Key figures H1 2020 EUR 44,0 million • H1/2020 revenue EUR 44,0 (H1/2019: 40,7) million – organic growth 8,2 % • EBITDA EUR 4,4 (3,5) million = 10,0 % (8,7 %) of revenue Revenue H1 Organic growth 8,2 % • EBITA (adj.) EUR 3,2 (2,6) million = 7,3 % (6,4 %) of revenue • Cash flow from operations EUR 4,
Slide 5: International business affected by COVID-19-pandemic
International business affected by COVID-19-pandemic Siili’s revenue from outside of Finland, which is mainly coming from our customers in the automotive industry, declined by 34 % Challenges with Siili Auto & international business due to COVID-19 EUR 4,0 million -34 % 9,1 % Revenue H1 Growth Share
Slide 6: Main drivers behind profit improvement
Main drivers behind profit improvement 2018 2019 H1 2020 Revenue growth Utilization rate in Finland International operations Salary inflation Indirect costs
Slide 7: Solid performance during COVID-19 crisis
Solid performance during COVID-19 crisis H1 Outlook • Stable business development • Risks related to COVID-19 second wave • Close long term customer partnerships • Uncertain market situation especially in automotive • Working with customers' critical processes and systems industry and international
Slide 8: Growth through active sales, marketing & offering development
Growth through active sales, marketing & offering development PRESENCE FOCUS SPIRIT We stayed in tight contact with our We selected three “Spearhead Offerings” Active digital marketing through existing customers through video for H1 webinars, white papers, reference and voice cases, and blog posts 1
Slide 9: Siili's shareholder amount is increasing
Siili’s shareholder amount is increasing Biggest shareholders Change in the number of shareholders 2016-2020 6000 5520 1. Lamy Oy 13,40 % 5000 4656 4482 4491 4338 2. Erina Oy 11,66 % 4021 4280 4000 3623 3. Elo 9,93 % 3145 3000 4. Ilmarinen 4,61 % 2000 5. Varma 3,63 % 1000 0 H1-2016 H2-2016 H1-2017 H
Slide 10: Siili's Management Team
Siili’s Management Team Management of Portfolio companies Marko Somerma Kristiina Vainio Aleksi Kankainen Antti Kiukas Jarkko Malviniemi Väinö Leskinen CEO CHRO CFO CMO VP CEO Offering & Technology Siili Auto Jerry Jalassola Kari Pirttikangas Pasi Ropponen Hanna Seppänen Kristian Takala Sami Tuomisa
Slide 11: Financial guidance for 2020 withdrawn
Financial guidance for 2020 withdrawn Siili has withdrawn its financial guidance for Financial targets for 2021–2022 remain unchanged: 2020 on 20.04.2020 due to weak market • During 2021–2022 Siili Group's target for revenue is over 10 % annual organic growth and EBITA approximately visibility cause
Slide 12: Summary
Summary • Siilis managed crisis well • Positive growth and profitability trend continued • Strong performance in Core and VALA • Siili Auto had challenges • Future growth via active marketing, sales & offering development • Uncertainty continues, risks related to second wave of COVID-19 • Siili is w
Slide 13: Thank You
Thank You