Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — STAR Conference 2025
28 slides from Txt E-solutions's conference presentation, Mar 25, 2025
Slide 1: TXT Group: Corporate overview
TXT Group: Corporate overview STAR Conference 2025 March 25-26, 2025 Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Your Global Digital Enabler
2 TXT has always been a pioneer in Digital Innovation. Founded in 1989, since 2000 it has been listed in Milan Stock Exchange, Star Segment. In 2018 a new course has been started, with a plan of accelerated and sustainable growth. TXT is an Ecosystem of vertical excellences and digital competences.
Slide 3: TXT Group at a Glance
TXT Group at a Glance 3 USA CANADA UK NL CH DE Seattle Montreal Bristol Delft Chiasso Köln Stans Berlin €305m Revenues FY 2024 (Consolidated) Lucerna Munich Solid Financial structure SINGAPORE Guaranteed by operating excellence & innovation July 2000 Listed on the Italian 20+ Stock Exchange Location
Slide 4: Digital Innovation
Digital Innovation 4 Smart Solutions Innovative Platforms to accelerate customers’ business Cybersecurity & % EBITDA Target ~ 20% Information Risk Management 21% of Business* IoT Digital Advisory Digital Reshaping and automatization Cloud Technology of processes % EBITDA Target ~ 15% 16% of Business
Slide 5: Ecosystem of Excellences
5 Ecosystem of Excellences TXT Group has a solid network of multidisciplinary competences and vertical excellences, developed in industries in which we are the leader. We arrange them in a dynamic and productive way, according to the evolution of the markets. From consulting, to design and implement
Slide 6: Reliability + Agility
Market position 6 TXT today is an emerging player in the digital innovation market, competing against tech giants, in Italy and Internationally, by aggregating highly specialized digital boutiques and established businesses. TXT Group TXT Company Reliability + Agility Size Specialization Specializat
Slide 7: Historical Trading Results (2018-2024)
Historical Trading Results (2018-2024) 7 After the divestment of the retail division in 2017, revenues and EBITDA Margin have benefit from TXT Group's growth strategy driven by diversification and investments in innovation and synergies New TXT after divestment of Retail division in 2017: 15.1% 14.8
Slide 8: A sustainable growth boosted by M&A
A sustainable growth boosted by M&A 8 Mix of complementary competences, new business in domestic market, and international expansion of core expertise New MarTech offering, strengthen Public Sector A new plan of Increase international Accelerated Growth New Software business with stronger Extend pre
Slide 9: Focus on Profitable Growth
Focus on Profitable Growth 9 Growth pillars: External Internal • M&A: after 20+ acquisitions completed in the last 7 years, • Commercial & Technological synergies: leveraging strong track continuous focus on sustainable investments (5-8xEBITDA) with the record of double-digit organic growth recorded
Slide 10: FY 2024 Highlights & FY 2025 Guidance
_FY 2024 HIGHLIGHTS & FY 2025 GUIDANCE
Slide 11: FY-2024 Revenues and EBITDA
11 FY-2024 results show strong boost in the organic growth of the Top Line sustained by increasing investments - also for M&A-, with EBITDA Margin at 13%. Revenues EBITDA €305 Mn Solid Organic Growth in FY-24 €39.2 Mn +24% +22%* 13% of revenues +36% +€50 Mn vs. FY-2024 * Including revenues from non-
Slide 12: EBIT, Net Profit and Dividend
12 Solid profitability recorded in FY-2024 after the accounting effects related to previous years’ M&A (PPA, Goodwill Impairment), thanks to synergies and operational efficiency EBIT (Op. Profit) Net Profit Dividend (consolidated) (consolidated) (proposal) €25.5 Mn* €15.9 Mn €0.25/share Equal to 8.4
Slide 13: KPIs: FY-2024 by Offering
KPIs by Division (offering) reported in FY-2024 show growth in all the divisions, with growth rates that outperformed the market trends in each relevant segment. Smart Solutions and Digital Advisory profitability close to mid-term target despite strong investments incurred, Software Engineering divi
Slide 14: Value creation: FY-24
R&D INVESTMENTS (fully expenses in the period) € 15Mn FY-24, +65% vs. FY-23 _Value creation: FY-24 SMART SOLUTIONS REVENUES € 64Mn FY-24, +49% vs. FY-23 INTERNATIONAL REVENUES € 78Mn 25% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 91Mn (Net Debt Adjusted) -
Slide 15: FY-2024 Pro-Forma Results
15 FY-2024 Pro-Forma Results Pro-Forma KPIs for 2024 include the results of the companies acquired during the year within the TXT perimeter as if they had been consolidated since January 1, 2024. Pro-Forma Revenues FY-24 Pro-Forma EBITDA Margin €355 Mn Pro-Forma 14.0% EBITDA FY-24 €50 Mn
Slide 16: FY-2025 Guidance
16 FY-2025 Guidance Target Revenues Target EBITDA Continuing Organic Growth Margin FY-25 M&A plan FY-25 Net Debt >8%* >14% <2.5xEBITDA SAVE THE DATE: 27 MAY 2025 CAPITAL MARKETS DAY * After compensating appx. €12Mn of non-core revenues recognised in FY-2024 and not expected in FY-2025
Slide 17: Offering & Markets
TXT _ OFFERING & MARKETS
Slide 18: Go-to-Market
18 Ecosystem of multidisciplinary competences and vertical excellences, customers can rely on experts. Go-to-Market Licenses, Subscription and SaaS Smart Solutions market-ready for We accelerate the customer’s digital transition specific verticals in customers’ core processes. by providing advanced
Slide 19: Core Markets & Incidence
Core Markets & Incidence 19 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 3000 experts, competence centers in AI, cybersecurity, XR, IoT. 27% Aerospace & Defense 7% I
Slide 20: Our Smart Solutions
Our Smart Solutions: 20 Vertical Applications empowered by cutting-edge technology Our Smart Solution offering is rooted on deep expertise in vertical domains where we are recognised as leaders and innovators. Our tools support core processes and products of large enterprises to evolve their product
Slide 21: Our Smart Solutions portfolio (1/2)
Our Smart Solutions portfolio (1/2) 21 Our range of COTS software solutions is the result of more than two decades of working with and carefully listening to a highly diverse customer base from the Aerospace & Defense, Automotive, Industry & Beyond. It is based on a strong commitment to sustained in
Slide 22: Our Smart Solutions portfolio (2/2)
Our Smart Solutions portfolio (2/2) 22 Our FinTech smart solutions range from best-in-class financial software for the management of financing to innovative platforms for different mission-critical needs as Risk management and Digital payments, offered as SaaS and designed to be responsive with uniq
Slide 23: Financials, Shareholding & Market Data
_FINANCIALS, SHAREHOLDING & MARKET DATA
Slide 24: FY-2024 details: Profit & loss
Profit & loss: FY-2024 details
Slide 25: Net Financial Debt
NET Financial Debt: olid financial position
Slide 26: Balance sheet: details
Intangible assets 159,254 Tangible assets 28,840 Other fixed assets Fixed Assets Inventories 23,737 Trade receivables 114,054 Other short term assets 20,198 Trade payables (43,342 ) Tax payables Other payables and short term liabilities Net working capital Severance and other non current liabilities
Slide 27: Dividends & Shareholding
Shareholding Structure December 31st, 2024* Dividends and Treasury * Latest Public Data Available as of 31 Dec. 2024 Shares Repurchase (€m) Dividends & Shareholding Treasury 16.3 18 15.4 Shares; 2% 16 L.V.O. Global Asset Laserline 14 4.6 Management S.A. SpA; 30% 12 3% 10 8.4 8 6.8 13.3 Market; 1 5.3
Slide 28: Ls TXT
Ls TXT