Slide 1: First Quarter Results 2023
Cyviz 12 May 2023 First Quarter Results 2023
Slide 2: Today's agenda and presenters
Today’s agenda and presenters First quarter in brief Performance 2020-2023 Espen Gylvik Business highlights CEO Q1 financials Outlook Marius Skagen Q&A CFO Agenda 2
Slide 3: 124% growth in gross profit and EBITDA of NOK 2.7 million
124% growth in gross profit and EBITDA of NOK 2.7 million First quarter in brief Gross profit of NOK 66 EBITDA grew by NOK 21 Order intake of NOK 159 Operating cash flow of NOK million, up 124% million compared to Q1 million representing a -7.1 million driven by compared to Q1 2022. 2022. growth of
Slide 4: Cyviz Group rolling 12-months trend 2020-2023
ROLLING 12-MONTHS TREND 2020-2023 Cyviz Group ORDER INTAKE (MNOK) GROSS PROFIT (MNOK) EBITDA (MNOK) +44% +75% +56M 626 257 30 589 561 220 435 445 9 402 185 342 156 307 -3 -2 147 142 -6 238 122 -11 122 -16 -15 179 102 100 -25 -28 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q4 Q1 Q2 Q3
Slide 5: Cyviz is next level collaboration
Cyviz is next level collaboration. We bring communication, control and interaction together, powered by advanced technology but driven by one important thing: people. Cyviz makes life better by making the complex simple, ensuring work is more immersive, productive and ultimately more enjoyable. This
Slide 6: Business highlights
Business highlights
Slide 7: Business highlights Q1
Business USD 0.7m USD 0.5m USD 0.5m Q1 Collaboration systems for high- Control room for corporate Phase II of NYC HQ upgrade highlights end executive meeting rooms, CEO office and conference room client in the US for corporate client in the US SIGNIFICANT USD 1.9m USD 0.4m USD 1.9m USD 6.5m Board ro
Slide 8: Q1 financials
Q1 financials 8
Slide 9: Financial highlights
(all figures in MNOK) +97% Revenues Financial 180 137 • NOK 137 million compared to NOK 120 116 102 100 69.5 million last year – up 97% highlights 57 64 70 • Rolling 12-months trend at NOK 553 million versus NOK 335 million in Q1 REVENUES 2022 (+65%) Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q
Slide 10: Operating cash flow
Operating cash flow Q1 Key drivers Q1 Operating 5.4 cash flow • Reduction of AP with negative impact of NOK 17 million due to high project activity during the quarter -1.0 • NOK 8.7 million increase in inventories to secure key components for -8.7 6.0 upcoming project deliveries in Q2 and -7.1 Q3 •
Slide 11: Diversification of portfolio creates hedging effect
ORDER INTAKE PERFORMANCE Diversification of portfolio creates hedging effect 1 2 TIMING OF BOOKINGS CREATE SHORT- PUBLIC SECTOR MITIGATES SHORT-TERM TERM NEGATIVE CASH EFFECT DELAY FROM PRIVATE SECTOR 102.9 Private sector 40.3 15.3 75% January February March Public sector 3 4 MORE DIVERSIFIED OFFERI
Slide 12: Outlook
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Slide 13: Profitable growth-targets reiterated
Outlook Profitable growth-targets reiterated Profitable growth 1 Cyviz maintains the medium-term target of 30% CAGR on revenue, and 15-20% EBITDA-margin Cash flow and cash conversion 2 Continued focus during 2023 Next Level Collaboration solutions 3 Cyviz is dedicated to making the world work better
Slide 14: Q&A
&A oOo
Slide 15: Thank you
Thank you cywz / DON’T HOLD BACK™