Cyviz AS · OSL:CYVIZ
Cyviz AS — Q3 2023 Earnings Presentation
15 slides from Cyviz AS's earnings presentation, Nov 10, 2023
Slide 1: 3rd quarter results 2023
Cyviz 10 November 2023 3rd quarter results 2023
Slide 2: Today's agenda and presenters
Today’s agenda and presenters Q3’23 in brief Performance 2020-2023 Espen Gylvik Business highlights CEO Q3 and YTD financials Outlook Marius Skagen Q&A CFO Agenda 2
Slide 3: 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 4: Seasonal soft quarter, but strong year-to-date growth
Seasonal soft quarter, but strong year-to-date growth Q3’23 in brief Revenue of NOK 120 Gross profit of NOK 63.4 EBITDA of NOK -6.6 Order intake of NOK 92.7 million in Q3, up 3.4% million with 47.3% million in Q3. million, down 55% compared compared to last year. margin. to Q3 2022. Year-to-date, we
Slide 5: Cyviz Group rolling 12-months trend 2020-2023
ROLLING 12-MONTHS TREND 2020-2023 Cyviz Group ORDER INTAKE (MNOK) GROSS PROFIT (MNOK) EBITDA (MNOK) -8% +53% +36M 626 632 280 282 36.6 589 30.0 561 257 25.4 517 220 435 445 9.0 402 185 342 307 156 -2.6 -1.9 142 147 -6.5 238 -10.8 122 122 179 -15.5 -14.8 102 100 -25.5 -27.8 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 6: Business highlights
Business highlights
Slide 7: Business highlights Q3
Business USD 0.9m USD 0.7m USD 1.8m Q3 New global security New F500 logo to deliver Multiple upgrade projects for highlights information center to top 5 Cyviz customer projects in both the US and Europe customers within energy vertical in the US, Europe and Middle East SIGNIFICANT USD 1.5m USD 0.7m
Slide 8: Business highlights YTD
Business USD 7.2m USD 3.0m 3 deals for delivery of high-end meeting Refresh and upgrades on 9 USD 1.3m Multiple projects for upgrades highlights YTD rooms, Board rooms and collaboration different sites in the US and spaces to energy customer UK for F500 customer of innovation labs for F500 corporate
Slide 9: Q3 and year-to-date financials
Q3 and year-to-date financials 9
Slide 10: Financial highlights
(all figures in MNOK) +3.4% Revenues Financial 180 160 137 • Q3 is a seasonal slow quarter 120 116 120 100 historically highlights 64 70 • 88% growth from Q3 2021 • Rolling 12-months trend at NOK 597 REVENUES Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 million versus NOK 405 million in Q3
Slide 11: Year-to-date results after Q3 2023
(all figures in MNOK) +36% Revenues Year-to-date 417 306 • NOK 111 million revenue growth 223 (+36%) 159 results after • CAGR 46% from Cyviz went public Q4 2020 REVENUES YTD-20 YTD-21 YTD-22 YTD-23 Q3 2023 +43% Gross profit 198 • NOK 60 million growth (+43%) 139 96 • Gross margin at 47.6% YTD compar
Slide 12: Operating cash flow
Operating cash flow Q3 Key drivers Q3 Operating cash flow • Operating loss of NOK 12.6 million driven by negative EBITDA of NOK - 6.6 million -14.8 • Short-term increase in AR with high amounts due primo October 6.2 • Decrease in AP of NOK 19.1 million -20.8 14.2 -35.2 to secure components from key
Slide 13: Outlook
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Slide 14: Profitable growth driven by new products and services and cost optimization
Outlook Profitable growth driven by new products and services and cost optimization Profitable growth 1 Cyviz maintains the medium-term target of 30% CAGR on revenue, and 15-20% EBITDA-margin Growing demand for advanced collaboration solutions 2 Expect a decline in demand for basic meeting room solu
Slide 15: Q&A
Q&A