Asseco Business Solutions Sa · GPW:ABS
Asseco Business Solutions Sa — Q1 2022 Earnings Presentation
15 slides from Asseco Business Solutions Sa's earnings presentation, 2022
Slide 1: Asseco Business Solutions
Asseco Business Solutions We design IT solutions for business www.assecobs.pl
Slide 2: Financial results Asseco Business Solutions for Q1 2022
Financial results Asseco Business Solutions for Q1 2022
Slide 3: Revenues of Asseco Business Solutions for Q1 2021 v. Q1 2022
Revenues of Asseco Business Solutions for Q1 2021 v. Q1 2022 77,031 72,537 + 6.2% 66,502 63,235 + 10.3% 9,302 10,529 + 13.2% 1Q 2021 1Q 2022 1Q 2021 1Q 2022 1Q 2021 1Q 2022 Revenues total Poland Abroad *in PLN thousand
Slide 4: Other results of Asseco Business Solutions in Q1 2021 v. 1Q 2022
Other results of Asseco Business Solutions in Q1 2021 v. 1Q 2022 EBIT 21,035 20,352 + 3.4% EBITDA 28,414 1Q 2021 1Q 2022 26,732 + 6.8% Net profit 16,354 17,594 + 7.6% 1Q 2021 1Q 2022 1Q 2021 1Q 2022 * in PLN thousand
Slide 5: Results of Asseco BS in Q1 2021 v. Q1 2022 – by operating segments
Results of Asseco BS in Q1 2021 v. Q1 2022 – by operating segments Receipts from sales 72,878 EBITDA 65,889 28,068 26,144 6,648 4,153 588 346 0 1Q 2021 1Q 2022 1Q 2021 1Q 2022 1Q 2021 1Q 2022 1Q 2021 1Q 2022 ERP Other ERP Other * in PLN thousand
Slide 6: Revenues of Asseco BS in Q1 2022 – by sectors
Revenues of Asseco BS in Q1 2022 – by sectors Banking and finance Public sector 1,961 4,729 91 % Enterprises 70,341 * in PLN thousand
Slide 7: Backlog of Asseco BS at end of Q1 2022
Backlog of Asseco BS at end of Q1 2022 end of Q1 2022 Backlog of Asseco BS for 2022 is: 81% (PLN 249 M) of sales for 2021. Last year’s backlog was 74.4% (PLN 210 M) of sales for 2020. 307.4 249.0 282.1 210.0 Sales 2020 Backlog 2021 Sales 2021 Backlog 2022 * in PLN million
Slide 8: Profitability historically (since 2019)
Profitability historically (since 2019) margins margins margins margins 2019 2020 2021 2022 EBIT 32.0% 32.8% 30.8% 27.3% EBITDA 41.0% 41.8% 39.7% 36.9% net profit 26.8% 27.1% 26.2% 22.8% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 EBIT 18,9
Slide 9: Costs and expenses historically (since 2019)
Costs and expenses historically (since 2019) * in PLN million Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q1 2019 2019 2019 2019 2020 2020 2020 Q4 2020 2021 2021 2021 Q4 2021 2022 Receipts from sales 63.88 61.69 65.35 82.94 66.89 64.37 63.92 86.93 72.54 70.27 74.73 89.90 77.03 Own cost of sales (w/o COGS) 34.71 3
Slide 10: Cash flow in Q1 2022
Cash flow in Q1 2022 Change Operating in cash activities 23 .6 21 .2 Amortisation/ depreciation Change in working capital 7 .4 Balance 6.9 Investing Leasing Income of long-term Dividend Received activities. deposits paid loans finansow y tax -6.0 0 .0 0 .0 0 .0 -3.0 -2.9
Slide 11: Financial liquidity at end of Q1 2022
Financial liquidity at end of Q1 2022 66,413 Cash and short-term deposits above 3 mths 0 Balance of loan-related debt 70,000 Maximum debt limit in credit line 1.8 Current ratio (current assets/ current liabilities) * data on cash in PLN thou.
Slide 12: Dividend in 2022
Dividend in 2022 The Management Board of Asseco Business Solutions S.A. adopted a resolution concerning the distribution of profit, recommending the Supervisory Board and the Ordinary General Meeting that the dividend to be paid in 2022 be PLN 2.12 per share.
Slide 13: Dividends – overview
Dividends – overview Year Net profit Dividend 2007 13,949 0 2008 24,122 -14,036 2009 22,427 -25,064 2010 30,092 -30,076 2011 29,834 -32,081 2012 26,532 -26,400 2013 26,828 -26,734 2014 28,571 -28,406 2015 33,509 -33,418 2016 42,446 -42,441 2017 47,283 -43,444 2018 62,569 -50,127 2019 73,439 -60,153
Slide 14: Quotations in Q1 2022
Quotations in Q1 2022 Indicators as at 31 March 2022 Capitalisation: PLN 1,437 M Price/profit: 17.55 Price/balance sheet value: 3.95 source: Money.pl source: https://inwestinfo.pl
Slide 15: Thank you for your attention
Thank you for your attention assecobs.pl
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