Nedap N.v · EURONEXT:NEDAP
Nedap — Investor Presentation (April 2023)
33 slides from Nedap's investor presentation, April 2023
Slide 1: Investor presentation April 2023
Investor April 2023 nedap
Slide 2: Forward-looking statements
This presentation contains the Board of Directors’ forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. A number of factors could cause actual results or events to differ from the Board of Directors’ ex
Slide 3: Contents
Nedap at a glance Scale propositions Financial updates 05 Technology for Life 16 !D Cloud 23 Highlights FY2022 06 Key facts 17 CowControl™ 24 Key figures 2022 07 Board of directors 18 Ons software platform 25 Consolidated income statement 26 Consolidated balance sheet Strategy Nedap investment propo
Slide 4: Nedap at a glance
Slide 5: Technology for Life
• Nedap focuses on Technology for Life: developing technological solutions that make people more successful and happier in their professional lives. We create True Value. • To have a positive impact on people’s professional lives this requires a people- centred approach; First People, then Technolog
Slide 6: Key facts
(2022) € 231 million Founded in Listed since High-tech 4 core (31-12-2022) 1929 1947 company technologies € 368 million (2022) 900+ Shared value Leading employees creation positions in 4 key markets € 23.8 million (2022) Headquarters in Groenlo, Entrepreneurial, Highly skilled 31% The Netherlands in
Slide 7: Board of directors
Joined Nedap in 1997 Joined Nedap in 2020 Joined Nedap in 2004 CEO since 2009 Nedap board member since 2020 Nedap board member since 2022
Slide 8: Strategy
Slide 9: Our business model
1. Connected devices 2. Communications technology 3. Software architecture 4. User eXperience
Slide 10: Create-Scale-Core model
Nedap – Technology for Life Livestock Security Healthcare Retail Management Cows Management Strategic Options Core Propositions Explorations & Propositions (create, scale, core) People, culture, leadership, brand, business platform
Slide 11: Key market positions
Core propositions and strategic option Software services that allow Develops and markets hardware and software for vehicle healthcare professionals in Technological solutions for identification systems worldwide the Netherlands to individual animal monitoring interconnect and management for the dair
Slide 12: Focus areas sustainability
Talent developments, diversity and inclusivity We want to pursue opportunities with propositions that contribute to making our customers’ business model more sustainable Net zero CO2 for scope 1 and 2 in 2030 We want to reduce the negative environmental impact of our products throughout the value ch
Slide 13: Financial ambition
• An autonomous high-single-digit revenue growth • A growing operating margin towards 15% (excluding one-offs) • Return on invested capital (ROIC) that outgrows profitability To ensure our long-term perspective and focus on growth and innovation we need a strong financial position: • Solvency rate o
Slide 14: Financial performance
250 35% 25 12% 40% 11% 30% 20 10% 230 25% 30% 8% 15 9% 20% 210 6% 20% 15% 10 5% 0% -1% 4% 190 10% 5 10% 5% 2% 170 0% 0 0% 0% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Total revenue % Recurring of total revenue Operating profit Operating margin Operating profit as % R
Slide 15: Scale propositions
Slide 16: iD Cloud
iD Cloud is the scale-proposition within key market position Retail Fashion retailers have great difficulty in keeping an accurate overview of their stock levels. This leads to a mismatch in supply and demand, dissatisfied customers and missed revenue opportunities. By combining RFID knowledge with
Slide 17: CowControl
CowControl is the scale-proposition within key market position Livestock Management Cows The market for dairy farming is changing rapidly: Scaling up is a prerequisite for remaining profitable, while suitable personnel are becoming scarcer. Nedap has created an all-in-one monitoring and management s
Slide 18: Ons software platform
ONS is the scale-proposition within key market position Healthcare The healthcare sector suffers from a large staff shortage and a high workload, partly due to a high administrative burden. At the moment, existing administrative systems do not sufficiently meet the specific requirements and wishes o
Slide 19: Nedap investment proposition
Slide 20: Investment proposition
• Focus on 4 core technologies in 4 key market positions • Ample autonomous growth potential through scalable propositions • High and growing added value per FTE driven by our entrepreneurial culture • Create sustainable value for our customers, employees and partners • Growth in margins and recurri
Slide 21: Nedap share
€ 80 € 70 Cross Options Beheer B.V. 14.61% € 60 Teslin Participaties Coöperatief U.A. 10.19% Kempen Capital Management N.V. 10.00% € 50 NN Group NV. 9.97% € 40 ASR Nederland N.V. 8.20% € 30 Decico B.V. 5.01% € 20 Add Value Fund N.V. 3.36% 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023 Stichting Me
Slide 22: Financial updates
Slide 23: Highlights FY2022
• Revenue for 2022 amounted to €230.6 million, up 11% on 2021 (€207.0 million). Practically all business units contributed to the revenue growth. • Recurring revenue rose by 21% and made up 31% of revenue (2021: 28%). • Added value as a percentage of revenue remained consistent and came in at 67%. •
Slide 24: Key figures 2022
Revenue 230.6 207.0 11% Recurring revenue 71.0 58.5 21% Recurring revenue as percentage of revenue 31% 28% Added value* as percentage of revenue 67% 67% Added value per FTE (x € 1,000) 186 180 Operating profit 23.8 23.1 3% Operating margin 10.3% 11.1% Net profit 18.7 18.3 2% Earnings per share (x €
Slide 25: Consolidated income statement
Revenue 230,559 207,012 Cost of goods sold -76,015 -67,687 Added value 154,544 139,325 Personnel costs -92,047 -83,317 Amortisation -813 -1,039 Depreciation -8,855 -8,450 Other operating costs -29,039 -23,447 Operating costs -130,754 -116,253 Operating result 23,790 23,072 Net financing result -30 -
Slide 26: Consolidated balance sheet
Fixed assets Shareholders' equity 81,194 80,306 Intangible fixed assets 2,847 1,806 Tangible fixed assets 41,121 39,393 Non-current liabilities Deferred tax assets 1,161 1,365 Borrowings 14,000 14,000 45,129 42,564 Provisions 1,162 1,059 Current assets Other non-current liabilities 1,786 2,363 Inven
Slide 27: Financial calendar 2023
6 April Trading update Q1 2023 13 April Annual General Meeting 17 April Ex-dividend date 18 April Record date 24 April Dividend payable date 20 July Half-yearly results 2023 19 October Trading update Q3 2023
Slide 28: Appendix
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Slide 29: History of Nedap
N.V. Nederlandsche Opening of brand-new Nedap starts developing Nedap made the switch The Stichting Apparatenfabriek “Nedap” factory in Groenlo. At the RFID technology as one of from a hardware- to a Medewerkerparticipatie is established in the former same time Nedap gets a the global pioneers in th
Slide 30: Overview key market positions
Healthcare >15% Long term care ONS • #1 in elderly care • Increasing demand for long- NL providers Electronic Health Record cloud • #1 in disabled care term care solution for administrative, logistic • #1 in mental healthcare • Entering new verticals and care processes at care providers Livestock Ma
Slide 31: Overview other business units
(Local) Governments and Identification Readers • Global leader in identification < 15% larger companies in parking, Core proposition Global Systems Vehicle access control solutions of vehicles industry and security UV General industries and water • #1 in high-power UV Light Controls < 15% Power elec
Slide 32: 5-Year financial history
Revenue 230,6 207,0 189,9 191,5 191,4 Revenue growth 11% 9% -1% 0% 5% Recurring revenue 71,0 58,5 50,7 44,6 37,2 Recurring revenue as % of revenue 31% 28% 27% 23% 19% Added value as % of revenue 67% 67% 66% 63% 62% Added value per FTE (x € 1,000) 186 180 169 173 179 Operating profit excl. one-off it
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