Vusion · EURONEXT:VU
Vusion — VusionGroup — Q1 2024 Earnings Presentation
9 slides from Vusion's earnings presentation, Apr 25, 2024
Slide 1: Q1 2024 Sales Conference Call
Technologies for Positive Commerce Q1 2024 Sales Conference Call April 25, 2024
Slide 2: Q1 2024 Sales
Q1 2024 Sales • Q1 revenue of €172m (€178m in adjusted figures; +12% growth, in line with guidance) Adjustments • Record order entries at €274m (+24%), the Adjusted In €m IFRS Sales to Walmart sales second best-ever quarter contract Q1 2024 171.9 -5.8 177.7 • Strong growth of recurring VAS to €12.5m
Slide 3: Q1 Growth driven by North America
Q1 Growth driven by €m Americas/APAC EMEA North America 178 • EMEA: 60% of sales (€106m) generated in EMEA. 159 +12% A -18% decrease, due to the planned finalization of the implementation phase of a large European client: — This cycle effect is expected to have a temporary impact in 2024, with sales
Slide 4: VAS revenues
FY 2024 VAS estimate VAS revenues €m Recurring Non-Recurring Q1 VAS revenues 120-140 €m 109 Recurring Non-Recurring 60-80 24.5 19.5 67 15.1 7 ~60 +33% 12.5 42 9.4 Q1 2023 Q1 2024 FY 2023 FY 2024e Proprietary and confidential. Do not distribute. 4
Slide 5: Order entries
Order entries €m Quarter Rolling 12m 400 1003 950 1000 350 848 818 • Global order entries at €274m (+24%) 300 800 736 • 2nd strongest quarterly growth rate in 297 VusionGroup’s history 250 274 240 600 • Record level for a first quarter. 221 200 • This significant momentum is driven by 192 both Europ
Slide 6: 2024 outlook: VusionGroup confident on its €1B adjusted revenue target
2024 outlook: VusionGroup confident on its €1B adjusted revenue target Adj. Revenue 1,000+ Adj. Revenue by semester (€m) (€m) Due to the planned and previously 800 disclosed finalization of the implementation phase of a large European client, sales in EMEA will 50-60% decrease temporarily compared t
Slide 7: 2024 Outlook (continued)
2024 Outlook (continued) Total VAS revenue anticipated to reach €120–140m • Ongoing difficult macroeconomic environment affecting capex on new innovative projects • Non-recurring VAS expected to decrease in H1; despite this decline, particularly in H1, the Group anticipates an improvement in the adj
Slide 8: Note on the IFRS Adjustments related to the new Walmart contract
Note on the IFRS Adjustments related to the new Walmart contract: • Two IFRS adjustments related to the new Walmart contract impact 2023 financial disclosures: 1. On June 2, 2023, at their Annual General Meeting, the Group’s shareholders approved a grant to Walmart of 1,761,200 of stock warrants on
Slide 9: Q1 2024 Sales Conference Call
Technologies for Positive Commerce Q1 2024 Sales • Q1 revenue of €172m (€178m in adjusted figures; +12% growth, in line with guidance) • Record order entries at €274m (+24%), the Conference Call second best-ever quarter • Strong growth of recurring VAS to €12.5m (+33%), representing more than 60% of