Slide 1: TXT e-Solutions Corporate Overview
TXT e-Solutions Corporate Overview July, 1st 2015
Slide 2: 2014: Another year of Growth
2014: Another year of Growth Revenues: 55.9 m€ (+6.3%), 57% from Int’l Operations EBIT: 5.5 m€ (+10%) Cash Flow from Op. 9.3% of Revenues NFP: 8.5 m€ (+ Treasury shares worth approx. 12 m€) 5 years CAGR +11% p.a. 5 years CAGR +25% p.a. 2
Slide 3: 2010–2014: Growing EBITDA Margin & Rising the bar of Investments
2010 – 2014: Growing EBITDA Margin & Rising the bar of Investments R&D Investments: strengthen leadership: - 2010: 2,5 m€ - 2014: 4,7 m€ Commercial Investments: foster Int’l growth: - 2010: 7,4 m€ - 2014: 11,1 m€ 3
Slide 4: TXT Group: Major Growth Opportunities & Emerging Opportunities
TXT Group: Major Growth Opportunities & Emerging Opportunities 39% +7,7% vs. 2013 61% +4,2% vs. 2013 International Software Vendor Advanced System Integration Major Growth & Profit Opportunity, through Mature Business, Int’l growth possible direct investments & acquisitions: Retail through acquisiti
Slide 5: TXT Retail – Major Growth & Profit opportunity for TXT Group
TXT Retail – Major Growth & Profit opportunity for TXT Group Strategy - Global leader in: Software Retail Planning solutions for Fashion, Luxury & Specialty 37% Services Retailers: end-to-end, from collection to stores 63% Hong-Kong Spain APAC 2% North Am. Italy 2% 13% 13% Other Int'l Germany 12% 18
Slide 6: Expertise across categories & channels: Unique, Growing Customer Base of 300+
Expertise across categories & channels: Unique, Growing Customer Base of 300+ - 15 New Major Customers in last 12 months; 50+ Go-Lives of Major Projects … - … across all Segments & Geographies Luxury Global Brands Fast Fashion Mixed Goods Luxury Global Brands Fast Fashion Mixed Goods 6
Slide 7: Omnichannel End-to-End Planning, Collection Development & Collaboration
Omnichannel End-to-End Planning, Collection Development & Collaboration Supply Chain In-Season Planning: Visibility & Collaboration Allocation, Forecasting & Replenishment Pre-Season Planning: Merchandise & Assortment Product Lifecycle Management: from Collections to Buying Sessions Omni-Channel: St
Slide 8: Omnichannel End-to-End Planning, Collection Development & Collaboration
Omnichannel End-to-End Planning, Collection Development & Collaboration PLM Sales & Buy Planning Assortment & Purchasing In-Season Planning Trend Research & Assortment Strategy / Category and Item Strategic Plan Design Range Plan OTB Assortment Store Replenishment Line Planning Merchandise Plan Plan
Slide 9: TXT Retail - Competitive Position: Leadership in the Target Markets
TXT Retail - Competitive Position: Leadership in the Target Markets Recognised leader in Fashion, Luxury & Specialty Retail: a static and obsolete competitive landscape, with high barriers to entry Strenghts according to Gartner Cautions according to Gartner Gartner Assessment across ALL types of me
Slide 10: AgileFit: from SW Product to Business Best Practices Ready to Go
AgileFit: from SW Product to Business Best Practices Ready to Go Mitigate Project Risk Reduce Project Costs Faster Time to Benefits Higher ROI 10
Slide 11: Commitment to Innovate: 4,7 m€ invested in Product & Business Innovation
Committment to Innovate: 4,7 m€ invested in Product & Business Innovation • Mobility: PLM & Planning on any device, • Scalability & Performance with In-memory anywhere Technology • Total Cost of ownership: TXT On-Cloud • Assortments based on Consumer Analytics 11
Slide 12: TXT Retail 2015 & Beyond - Growth Strategy: Expand Geography
TXT Retail 2015 & Beyond - Growth Strategy & Drivers: Expand Geography Baseline organic growth, accelerated through targeted acquisitions, sustained by continuous investments in product & business process innovation, self-financed through Profit & Cash generated by the business & growing Stock value
Slide 13: TXT Retail 2015 & Beyond - Growth Strategy: Add Market Segments
TXT Retail 2015 & Beyond - Growth Strategy & Drivers: Add Market Segments Baseline organic growth, accelerated through targeted acquisitions, sustained by continuous investments in product & business process innovation, self-financed through Profit & Cash generated by the business & growing Stock va
Slide 14: TXT Retail 2015 & Beyond - Growth Strategy: Add Products & Services
TXT Retail 2015 & Beyond - Growth Strategy & Drivers: Add Products & Services Baseline organic growth, accelerated through targeted acquisitions, sustained by continuous investments in product & business process innovation, self-financed through Profit & Cash generated by the business & growing Stoc
Slide 15: CPG & Manufacturing: Setting the Stage for Future Profitable Growth
CPG & Manufacturing: Setting the Stage for Future Profitable Growth Demand • Approx. 7 m€ in 2014; • Value Proposition: Planning • ~100 Key References across Europe – Sales & Operations Planning Advanced – Supply Chain Supply Procurement & Planning Supply Chain Collaboration Collaboration Production
Slide 16: TXTNext - Aerospace & High Tech: The Engineering Division of TXT Group
TXTNext - Aerospace & High Tech: The “Engineering Division” of TXT Group In-depth Industry Know-how: Since 30 years Partner for our clients to boost their engineering capabilities « Inside!» THROUGHOUT THE ENTIRE VALUE CHAIN AUTOMOTIVE & AEROSPACE HIGH TECH TRANSPORTATION TRAINING & EMBEDDED DIGITAL
Slide 17: TXT Next – Aerospace & High-Tech: Strategy & Drivers
TXT Next – Aerospace & High-Tech: Strategy & Drivers Healthy & profitable growth around the «as-is» perimeter, building on a baseline revenues stream from long-lasting relationships with core clients, and targeting International opportunities, both organically & through Acquisitions. Geographical 20
Slide 18: TXTNext - Banking & Finance: Setting the Stage for Future Profitable Growth
TXTNext - Banking & Finance: Setting the Stage for Future Profitable Growth • Approx. 6 m€ in 2014; market focus: Italy • Core Offering: Italian leadership in • A growing customer base of mid-large Banks – Independent Testing of Software: from functional & performance testing to mobile • Long-lastin
Slide 19: TXT in 2014, 2015 & beyond …
TXT in 2014, 2015 & beyond … • TXT Retail – A dynamic, large & growing Global Market, a sustainable leadership position (Products, Team & Customer Base), multiple drivers of growth – 2014: further consolidated Europe, significantly strengthened North America (Brand recognition, Team & Customer Base)
Slide 20: APPENDIX – FINANCIAL DETAILS
APPENDIX – FINANCIAL DETAILS
Slide 21: Q1 2015 Financial highlights
Q1 2015 Financial highlights Revenues: € 14.7 million (+ 4.9%) TXT Perform -0.4%; TXT Next grew +13.6%, Software revenues +6.3%: Service revenues +4.5%. 53% of revenues from outside Italy. EBIT: € 1.2 million (+2.2% compared to Q1 2014). R&D investments (+10.6% compared to Q1 2014) Net income: € 1.0
Slide 22: Q1 2015 – Growth of Revenues and R&D Investments
Q1 2015 – Growth of Revenues and R&D Investments € thousand Q1 2015 Q1 2014 Var % % % REVENUES 14.684 100,0 13.995 100,0 4,9 Direct costs 7.108 48,4 6.607 47,2 7,6 GROSS MARGIN 7.576 51,6 7.388 52,8 2,5 Research and Development costs 1.362 9,3 1.232 8,8 10,6 Commercial costs 2.922 19,9 2.891 20,7 1,
Slide 23: Strong Balance Structure
Strong Balance Structure € thousand 31.3.2015 31.12.2014 Var Intangible assets 15.432 15.079 353 Tangible assets 1.382 1.249 133 Other fixed assets 2.051 1.692 359 Fixed Assets 18.865 18.020 845 Inventories 1.915 1.821 94 Trade receivables 21.494 18.571 2.923 Other short term assets 2.335 2.197 138
Slide 24: Dividends & Shareholder's Return in the last Years
Dividends & Shareholder‘s Return in the last 4 Years • 2011: 1 € /share (extraordinary, rebased) • 2012: Free Share Distribution 1:1 • 2013: 0.20 € /share (rebased) Dividends • 2014: Free Share Distribution 1:1 • 2014: 0.25 € / share • 2015: Free Share Distribution 1:10 • 2015: 0.25 € / share • 31.1
Slide 25: TXT Market Capitalization (m€)
TXT Market Capitalization (m€) Free share distribution 1:10 Free share distribution 1:1 Free share distribution 1:1 Dividend 2.6m€ Dividend 2.6m€ Dividend 2.1m€ Dividend 10.3m€ 25
Slide 26: Shareholding Structure – April 2015
Shareholding Structure – April 2015 Management A. Braga Illa 8,1% 13,8% Market E-Business Consulting 43,1% 25,6% Treasury Shares 9,4% 26