Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q1 2021 Earnings Presentation
26 slides from Arribatec Group ASA's earnings presentation, September 2021
Slide 1: Quarterly report presentation Q1 - 2021
Quarterly report presentation Q1 - 2021
Slide 2: Introduction
Introduction - Arribatec Solution ASA – listed in September last year - 6 acquisitions - Maksit | Innit | Qualisoft - Facil | Microsky | IB Marine - 2 acquisitions in process - Integra (UK) | Grupo Hodei (Spain / LATAM) - Experienced management team - Integration / Cross-sell / Expansion - “One Solu
Slide 3: Disrupting delivery and deployment of Business Solutions
Disrupting delivery and deployment of Business Solutions
Slide 4: Solid growth within all important KPI's
Solid growth within all important KPI’s Q1 2021 vs Q1 2020 Revenue Adj. EBITDA ARR +177% +140% +560% NOK 99,2m vs 35,8m NOK 10,3m vs 4,3m NOK 31m vs 4,7m
Slide 5: Proforma Q1
Proforma Q1* Q1 2020 vs Q1 2021 Revenue Adj. EBITDA ARR +196% +165% +560% NOK 106m vs 35,8m NOK 11,4m vs 4,3m NOK 31m vs 4,7m * Maksit & Qualisoft – January included
Slide 6: Geography – Revenue share & Growth
Geography – Revenue share & Growth Q1 2021 vs Q1 2020 Revenue share / Growth Revenue share / Growth Revenue share / Growth 65m / 219% 26m / 124% 8m/ 100% 73% Organic Growth 100% Organic Growth
Slide 7: Q1 performance
Q1 performance Revenue development +177% y/y By Region By Service Old vs. Acquired incl. 120 120 120 99,2 100 100 100 8,0 7,6 80 24,6 80 80 30,9 57,4 60 60 60 35,8 40 40 1,7 40 4 66,6 4,7 60,7 11 20 20 29,5 20 41,8 35,8 20,9 0 0 0 Q1-20 Q1-21 Q1-20 Q1-21 Q1-20 Q1-21 Norway Europe Americas Services A
Slide 8: Balance sheet development
Balance sheet development Equity & Liabillities Assets 500 500 117 Current 183 400 400 Goodwill 51 78 94 17 Intangible 300 300 31 99 Non-current 27 Other non-current 33 39 200 200 37 357 Trade receivables 316 67 100 45 Other current assets 100 188 Equity 92 Cash - - Q1-21 Y.E. 20 Q1-21 y.e.2020
Slide 9: Cash flow
Cash flow Arribatec has raised NOK 235m in gross proceed through 200 share issues during Q4 20. 188 180 -6 3 acquisitions closed in Q4-20 where NOK 65m was 160 settled in cash. The targets had NOK 12m in cash at closing. 140 120 • In Q1-21 net working capital developed negatively by 100 91,5 NOK 6m
Slide 10: Equity development
Equity development Total equity 400 10 357 350 31 10 11 316 Arribatec books in 2020 and issued Q1-21. 300 25 271 • Shares for Qualisoft issued in May 21 250 NOK million • Maksit shares planned issued in June 21 200 150 • Merger between Arribatec AS and Arribatec Solutions ASA to be approved in OGM o
Slide 11: Arribatec Group
Arribatec Group 350+ Employees 26 Offices worldwide 2020 2021 900+ Clients in 25 countries Due diligence in progress Due diligence in progress
Slide 12: Business Areas
Business Areas \ business services • ERP • BI & Analytics • Research Management • Software Development \ ea & bpm • Enterprise Architecture • Business Process Management • Process Automation • Compliance & Security \ cloud \ marine \ hospitality
Slide 13: New Organization & management Team
New Organization & management Team
Slide 14: Geographical expansion
Geographical expansion Singapore | Dubai | France Netherlands | UK | Germany Some new clients and partners domiciled in these new locations:
Slide 15: Current Global Presence
Current Global Presence • Norway • Denmark • Spain • Poland • Belgium • UK • USA • Canada • Italia • Cyprus • France • Dubai • Singapore • Netherlands • France 350 employees in 15 countries
Slide 16: Fueling organic growth
Fueling organic growth Strong team spirit within the entire company Solid potential in our “platform” for sustained organic growth Cross & Up selling - keep focus moving forward - further develop the organizational capabilities - create market acceptance for our disruptive "One Solution" strategy
Slide 17: New contracts
New contracts More than 100 contracts signed during Q1 globally: \ EA & BPM • Aker BP, Vår Engeri, Gassco… \ Marine • MSC, Costa… \ Business Services • ERP – Magellan, VEF, Nordbohus, FTI…. • BI & Analytics – Arbeidstilsynet, Mørenett.... • DevOps – Circle K, Norsk Tipping…. \ Cloud • Innovation Nor
Slide 18: Investing to scale organically
Investing to scale organically - Business development & Sales to fuel cross- & up-selling - Pre-sales team - Refining and defining “Next Practice” delivered "One Solution as a Service"
Slide 19: M&A Strategy
M&A Strategy All acquisitors must be accretive to Arribatec’s valuation Solutions & Services Geography Technology Competence Enhance our presence in our Increase our New and complementary … and always looking for verticals geographical footprint solutions smart people Contribute to deliver on One So
Slide 20: Arribatec. one solution
Slide 21: Arribatec.
Arribatec.
Slide 22: Appendix
Appendix
Slide 23: Profit & Loss
\ Profit & Loss NOK thousand for the quarter end B1 March 31March Full year 2021 2020 2020 Note Unaudited Unaudited Revenue 3 99173 35845 154024 Materials, software and services (22723) (3813) (17 603) Salary and personnel costs (56563) (24264) (99.143) Cost from reverse takeover = - (56822) Other o
Slide 24: Balance Sheet
Balance Sheet NOK thousand 31 Ma rch 31 Ma rch 31 Dec 2021 2020 2020 Note Unaudited Unaudited ASSETS Non-current assets Property, Pl a nt a nd equi pment 4 422 1 449 3 258 Ri ght-of-us e a s s ets 6 20 754 9 154 20 768 Goodwi l l 5 182 730 2 577 93 827 Cus tomer rel a ti ons 5 35 919 5 950 13 145 Ot
Slide 25: Cash Flow
\ Cash Flow NOK thousand 2021 =” = 2020 2020 31March 31 March Full year Note ‘Operating actitvities Profit before tax 2575 3.025 (55 620) Taxes paid (982) - (1.196) ‘Adjustments for: + Calculated cost from reverse takeover - - 56.822 + Finance income and expense 4 461 340 1698 - (Increase)/decrease
Slide 26: Equity
NOK thousand Equity related to the shareholders of the parent company Restricted Retained earnings Treasury OtMerpaldin Exchange and prof for the Sharecapital shares capital differences year Total Equity Tiosing balance on 31 December 2079 2589 “312 16.286 “52 3281 21802 Balance on 1 January 2020, 2