TXT E-solutions S.p.A. · MIL:TXT
TXT E-solutions — Le Eccellenze del Made in Italy (September 2023)
24 slides from TXT E-solutions's conference presentation, Sep 27, 2023
Slide 1: Le Eccellenze del Made in Italy
1 Le Eccellenze del Made in Italy September 27th, 2023 Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Your Global Digital Enabler
2 TXT has always been a pioneer in Digital Innovation. Founded in 1989, since 2000 it has been listed in Milan Stock Exchange, Star Segment. In 2018 a new course has been started, with a plan of accelerated and sustainable growth. TXT is an Ecosystem of vertical excellences and digital competences.
Slide 3: Where we are
Where we are 3 USA CANADA UK NL CH DE Seattle Bristol Delft Chiasso Köln Montreal Stans Berlin Lucerna Munich Revenues FY 2022 (Pro-Forma) Guaranteed by operating excellence & innovation Locations worldwide STAR segment (TXT.MI) Italy Milano Torino France Novara Bologna Toulouse Brescia Roma Bari Pa
Slide 4: Ecosystem of Excellences
4 4 Ecosystem of Excellences TXT Group has a solid network of multidisciplinary competences and vertical excellences, developed in industries in which we are the leader. We arrange them in a dynamic and productive way, according to the evolution of the markets. From consulting, to design and impleme
Slide 5: Reliability + Agility
Market position 5 TXT today is an emerging player in the digital innovation market, competing against tech giants, in Italy and Internationally, by aggregating highly specialized digital boutiques and established businesses. TXT Group TXT Company Reliability + Agility Size Specialization Specializat
Slide 6: A Successful Story
A Successful Story 6 Software Engineering Solutions, Digital Advisory and Smart Solutions Extend Smart portfolio offering Solutions portfolio consolidation, in the Aerospace strengthening the & Defence acquired positioning and market. addressing new market Increase international segments and busines
Slide 7: M&A Contribution: Historical Trading Results (2017-2022)
Historical Trading Results (2017-2022) 7 After the divestment of the retail division in 2017, revenues and EBITDA Margin have benefit from TXT Group's growth strategy driven by diversification and investments in innovation and synergies 15.1% 205 14.8% New TXT after divestment of Retail division in
Slide 8: Revenues by Offering and EBITDA
8 H1-2023 results consolidated the growth trend recorded in the first quarter of the current year, with double-digit organic growth of revenues and EBITDA, and M&A contribution that significantly boosted the revenues with a dilution of the EBITDA margin that is down 1.7pp with respect to H1-2022. Ta
Slide 9: Q1-23 results highlights
9 € 2.2Mn Q1-23, +16% vs. Q1-22 € 9.3Mn Q1-23, +7% vs. Q1-22 € 10Mn 19% of total revenues € 25Mn (Net Debt) - € 19Mn* in Treasury Shares & € 16Mn Fair Value Financial Investment * Value calculated with stock price of € 19,96 per share (Share Price Mar. 31st, 2023)
Slide 10: H1-23 results highlights
10 € 4.5Mn H1-23, +14% vs. H1-22 € 20Mn H1-23, +12% vs. H1-22 € 22Mn 20% of total revenues € 24Mn (Net Debt Adjusted) - € 27Mn* in Treasury Shares * Value calculated with stock price of € 22,35 per share (Share Price June 30th, 2023)
Slide 11: Offering & Markets
11 OFFERING & MARKETS
Slide 12: Segmentation by Offering
Segmentation by Offering 12 Artificial Software Engineering Intelligence Digitization & Servitization of products Extended Reality Data Analytics Software Engineering v 69% of Business * Sustainability Cybersecurity & & ESG Information Risk Management platforms Smart Solutions v 18% of Business * Fi
Slide 13: Core Markets & Incidence
Core Markets & Incidence 13 13 We are expanding across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Automotive, Telco, Government and Fintech, by leveraging more than 2000 experts, competence centers in AI, cybersecurity, XR, IoT. Aerospace Industrial Telc
Slide 14: Go-to-Market
14 of multidisciplinary competences and vertical excellences, customers can rely on experts. Go-to-Market market-ready for specific verticals in customers’ core We accelerate the customer’s digital transition processes. by providing advanced vertical solutions. Exploit TXT Group’ with Large corporat
Slide 15: Smart Solutions for the Aerospace & Industrial Market
Smart Solutions for the Aerospace & Industrial Market 15 Our range of commercial off-the-shelf software solutions is the result of more than two decades of working with and carefully listening to a highly diverse customer base from the aerospace & defense industries. It is based on a strong commitme
Slide 16: Fintech Smart Solutions
Fintech Smart Solutions 16 Our FinTech smart solutions range from best-in-class financial software for the management of financing to innovative platforms for different mission-critical needs as Risk management and Digital payments, offered as SaaS and designed to be responsive with unique customer
Slide 17: Financials
17 FINANCIALS
Slide 18: H1 2023 income statement
18 € thousand 30.06.2023 % 30.06.2022 % Var % REVENUES 107,299 100 62,538 100 71.6 Direct costs 69,949 65.2 38,482 61.5 81.8 GROSS MARGIN 37,350 34.8 24,056 38.5 55.3 Research and Development costs 4,499 4.2 3,954 6.3 13.8 Commercial costs 10,486 9.8 5,719 9.1 83.4 General and Administrative costs 8
Slide 19: Net financial position
19 .000 Euro 30.06.2023 31.12.2022 Var Cash 65,169 33,015 32,154 Trading securities at fair value 38,136 48,490 (10,354) Short term Financial Debts (80,826) (51,187) (29,639) Short term Financial Resources 22,478 30,318 (7,839) Other Long Term Financial Assets 1,607 1,417 190 Non-current financial d
Slide 20: Capital employed and financing
20 € thousand 30.06.2023 31.12.2022 Change Intangible assets 76,586 77,975 (1,389 ) Tangible assets 20,378 18,293 2,085 Other fixed assets 22,238 19,360 2,878 Fixed Assets 119,202 115,628 3,574 Inventories 17,076 13,765 3,311 Trade receivables 60,429 73,115 (12,686 ) Other short term assets 15,757 1
Slide 21: Shareholding Structure & Market Data
21 Shareholding Structure & Market Data
Slide 22: Shareholding structure, share price and dividends
22 22 * Latest Public Data Available as of 39 June 2023 Treasury 18 16,3 Shares; 9% 16 L.V.O. Global Asset Laserline 14 4,6 Management S.A. SpA; 30% 12 10,6 3% 10 8 6,8 5,3 5,5 6 11,7 1 8,5 4 5,8 5,3 5,5 2 0,76 Market; 0,26 2,1 0 0 0,5 0 45% 2018 2019 2020 2021 2022 H1-23 Managers; Repurchase Treasu
Slide 23: Q&A
23 Q&A
Slide 24: TXT
Ls TXT
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