Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q4 2024 Earnings Presentation
16 slides from Arribatec Group ASA's earnings presentation, March 2025
Slide 1: Quarterly presentation Q4 2024
Content classified as Confidential. Quarterly presentation Q4 2024 Geir Johansen, CEO Content classified as Confidential.
Slide 2: Highlights Q4
Content classified as Confidential. Highlights Q4^ ⁃ All time high quarterly revenue of NOK 151m (143m) a growth of 5.2% compared to Q4 last year ⁃ EBITDA for the quarter was NOK -11.7m (1.8m) which includes non-cash one-time costs of NOK 13.8m ⁃ Adjusted EBITDA is positive NOK 2.1m (1.8m) ⁃ Arribat
Slide 3: Revenue and EBITDA Q4-24
Content classified as Confidential. Revenue and EBITDA Q4-24 Revenue Recurring EBITDA NOK 151m (143m) NOK 63m (54m) EBITDA NOK -11.7m (1.8m) 5.3% YoY +17% YoY Margin -7.8% 43% of total revenue Adj.EBITDA NOK 2.1m (1.8m) (up from 39% in q4-23) Margin 1.4% NORWAY Cont. EUROPE UK & US Revenue NOK 107 (
Slide 4: Financial restructuring - shares and warrants issue
Content classified as Confidential. Financial restructuring - shares and warrants issue Shareholders meeting on 2 December resolved to: 1. Undertake a preferential right issue of 350 million new shares at a price of NOK 0.1 per share 2. Issue additional 60 million new shares to the member of the Boa
Slide 5: Pro-forma liquidity after share issue
Content classified as Confidential. Pro-forma liquidity after share issue • Total credit limit in our main bank at -15 31.12 was NOK 35m, whereof NOK 51 32m was utilized 40 • Agreement with Dansk Bank to repay NOK 15m once proceeds from share issue was available 23 3 Cash 31.12 Unutilized Proceeds D
Slide 6: Q4 Operational and organizational restructuring
Content classified as Confidential. Q4 Operational and organizational restructuring ⁃ The company has reduced head-count globally by 25 employees ⁃ Most back-office / support activities is removed from corporate level and will be performed in the regions ⁃ Corporate staff reduced by approximately 70
Slide 7: Revenue development for each BA per quarter
Content classified as Confidential. Revenue development for each BA per quarter ^ Total 35% 41% 39% 43% recurring 34% 35% 41% 49% 43% % Outside 29% 40% 38% 39% 38% 33% 30% 29% 33% Norway 150 150 151 148 143 145 160 140 9 10 11 1 13 132 11 130 13 5 140 MARINE 8 2 7 15 1 13 6 32 10 HSPT 32 2 5 38 120
Slide 8: Sales - new contracts and scope extensions
Content classified as Confidential. Sales - new contracts and scope extensions ^ Q4: 610 contracts for a total value of NOK 285 million (215m in Q4-23) +33% 300 285 125 119 280 260 240 100 215 91 91 220 200 191 194 180 75 160 135 138 58 140 128 54 121 120 105 50 100 34 80 60 25 19 40 20 6 4 2 0 0 04
Slide 9: Cash flow development
Content classified as Confidential. Cash flow development ^ 24 • Net cash flow from operation was NOK 14m for Q4 2024. Main items: • Net loss before impairment, depreciation 12 and amortization -15m -14 • Net WC had a positive effect of NOK 26m 40 2 0 1 39 39 • Net cash flow from financing was NOK -
Slide 10: Balance sheet development
Content classified as Confidential. Balance sheet development ^ Liabilities & Equity Assets 501 501 Equity Goodwill 442 Non/current 442 Intangibles Current Other non-current 206 Other current 262 Trade receivables 189 184 NOK mill. Cash 96 • Impairment of goodwill (Hospitality) reduces 41 goodwill i
Slide 11: Outlook
Content classified as Confidential. Outlook • The group wide initiative to reduce cost and improve efficiency is expected to lift margins during 2025 • Demand for cloud services will drive growth for our cloud- and managed IT-services • Demand for EA&BPM is picking up again in Nordics and UK after t
Slide 12: Content classified as Confidential. Content classified as Confidential.
Content classified as Confidential. Content classified as Confidential.
Slide 13: Condensed consolidated statements of profit and loss
Content classified as Confidential. Condensed consolidated statements of profit and loss Content classified as Confidential. 13
Slide 14: Consolidated statements of financial position
Content classified as Confidential. Consolidated statements of financial position Content classified as Confidential. 14
Slide 15: Consolidated statements of changes in equity
Content classified as Confidential. Consolidated statements of changes in equity Content classified as Confidential. 15
Slide 16: Consolidated cash flow statement
Content classified as Confidential. Consolidated cash flow statement Content classified as Confidential. 16