Slide 1: Call with Investors
Call with Investors August 4 | 11.00am (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Strong growth of revenues and EBITDA driven by synergies and M&A contribution
2 Strong growth of revenues and EBITDA driven by synergies and M&A contribution Revenues by Market EBITDA (€mn, % on total revenues) (€mn, % on total revenues) +43% €62.5 +62% €9.2 €43.7 €32.3 52% +38% €5.7 €23.3 53% 14.7% €30.3 13.0% €20.4 +49% 48% 47% H1-21 H1-22 H1-21 H1-22 FinTech Aerospace & Av
Slide 3: Perfect mix of organic & inorganic growth to boost profitability
3 Perfect mix of organic & inorganic growth to boost profitability Solid Organic Postive M&A NET Growth Contribution PROFIT +20% +€10 Mn +70% vs. H1-2021 Revenues H1-2022 €3.5 Mn 5.6% of Revenues #neverbetter.
Slide 4: € 6.7Mn H1-22, +92% vs. H1-21 € 4.0Mn H1-22, +19% vs. H1-21 € 4.7Mn
4 € 6.7Mn H1-22, +92% vs. H1-21 € 4.0Mn H1-22, +19% vs. H1-21 € 4.7Mn +16% vs. H1-21, + € 14.5Mn from services around proprietary SW € 18.2 Mn 29% of total revenues € 2.3Mn (Net Financial Debt Adjusted) + € 15 Mn* in Treasury Shares * Value calculated with stock price of € 12 per share (Share Price
Slide 5: Sustainable growth, diversification
Sustainable growth, diversification 5 Aerospace & Aviation Fintech Turnover H1-2022: 32.3M € 5% Revenues Revenues Turnover H1-2022: 30.3M € breakdown +38% breakdown 11% +49% 16% EBITDA margin H1-2022 62% 27% EBITDA margin H1-2022 17% Software 12% 80% Software Advanced services Advanced services Inte
Slide 6: H1-22 Main Events & Future Evolutions
6 _H1-22 Main Events & Future Evolutions
Slide 7: Public Sector and Civil Aviation contract wins
7 Public Sector: TXT, through HSPI, has been awarded with Civil Aviation: first customer in the cargo segment multi-year contracts since 2022 started equipped with PACE’s real-time flight-profile-optimizer • HSPI – a TXT Company, in the first seven months of 2022 has been • PACE – a TXT Company, sig
Slide 8: NEW M&A: Stronger positioning in Digital Innovation market
88 Stronger positioning in NEW M&A: Digital Innovation market • TXT continues its accelerated growth project and diversification of its digital offering with the announcement of the acquisition of 78.56% of the capital of Ennova SpA ('Ennova'), an Italian specialist in the digitisation of processes
Slide 9: NEW M&A: Empowered Smart Solutions IoT portfolio
99 Empowered Smart NEW M&A: Solutions IoT portfolio • TXT continues the process of expanding its Smart Solutions IoT portfolio with the acquisition of 100% of the capital of DM Management & Consulting Srl ("DM"), an Italian small enterprise specialising in the consultancy and sale of proprietary MES
Slide 10: H1-2022 Financials
10 H1-2022 FINANCIALS
Slide 11: H1 2022 income statement
11 € thousand H1 2022 % H1 2021 % Var % REVENUES 62,538 100 43,699 100 43.1 Direct costs 38,482 61.5 27,085 62.0 42.1 GROSS MARGIN 24,056 38.5 16,614 38.0 44.8 Research and Development costs 3,954 6.3 3,313 7.6 19.3 Commercial costs 5,719 9.1 3,757 8.6 52.2 General and Administrative costs 5,192 8.3
Slide 12: Q2 2022 income statement
12 € thousand Q2 2022 % Q2 2021 % Var % REVENUES 32,020 100 22,218 100 44.1 Direct costs 19,591 61.2 13,875 62.4 41.2 GROSS MARGIN 12,429 38.8 8,343 37.6 49.0 Research and Development costs 2,046 6.4 1,663 7.5 23.0 Commercial costs 2,552 8.0 1,245 5.6 105.0 General and Administrative costs 3,133 9.8
Slide 13: Net financial position
13 € thousand 30.06.2022 31.12.2021 Var Cash 57,640 36,076 21,564 Trading securities at fair value 47,325 48,869 (1,544) Other Short Term Financial Assets 647 - 647 Short term Financial Debts (44,752) (47,125) 2,373 Short term Financial Resources 60,860 37,820 23,040 Non current Financial Debts - Le
Slide 14: Reclassified balance sheet
14 € t hous and 3 0.06.2022 3 1.12.2021 Change Intangible assets 54.107 55.182 (1.075 ) Tangible assets 12.702 12.126 576 Other fixed assets 17.017 16.529 488 Fixed As s et s 83 .826 83 .83 7 (11 ) Inventories 15.796 7.810 7.986 Trade receivables 31.062 43.156 (12.094 ) Other short term assets 9.223
Slide 15: Share price and shareholder structure
15 Latest Public Data Available as of 30 June 2022 Treasury Shares, 10% Laserline SpA, 30% Market, 50% Managers, 11% Share Price Dec 31st, 2018 9.66€/share Share Price Jun 30th, 2022 10.60€/share Mkt Jun 30th, 2022 124.5m € Dividend Yield n.a.
Slide 16: Dividend policy and treasury share repurchases
16 18 16.3 16 4.6 With the aim of best pursuing the 14 accelerated growth plans through 12 acquisitions and continuing 10 8 6.8 investments in proprietary 6 11.7 1 5.3 platforms to increase the value of the Group and, also in view of the 3.7 3.7 3.8 4 3.2 3.2 3.3 0.3 current situation of geopolitica
Slide 17: Q&A
18 Q&A