Cyviz AS · OSL:CYVIZ
Cyviz AS — Q3 2021 Earnings Presentation
27 slides from Cyviz AS's earnings presentation, Nov 19, 2021
Slide 1: Cyviz Q3 Report 2021
DNB Confidential Cyviz Q3 Report 2021 19 November 2021
Slide 2: Important information
DNB Confidential Important information By receiving this company presentation (the "Presentation") or attending any meeting or oral presentation held in relation thereto, you (the "Recipient") agree to be bound by the following terms, conditions and limitations. The information in this Presentation
Slide 3: Presenter
DNB Confidential Presenter Espen Gylvik CEO • More than 20 years of experience from the technology industry • Previous experience include management and senior positions from UMS, Microsoft, Evry and TeliaSonera • Joined Cyviz as CEO in November 2018 3
Slide 4: Q3 Highlights
DNB Confidential Q3 Highlights 4
Slide 5: 63% YoY growth on order intake and record high order backlog
DNB Confidential 63% YoY growth on order intake and record high order backlog • 63% year-on-year growth in order intake to NOK 92 million, accumulating to a YTD order intake of NOK 288 million (131% year-on-year growth) • 16% year-on-year increase in revenue to NOK 64 million • Book to bill ratio of
Slide 6: Cyviz in brief
DNB Confidential Cyviz in brief 6
Slide 7: A global strategic partner for demanding command & control and collaboration needs
DNB Confidential A global strategic partner for demanding command & control and collaboration needs Key highlights NOK 1.3bn >1,000 solutions in accumulated delivered last Substantial track record revenue last 5 years 5 years from servicing demanding customers worldwide FORTUNE 500 500+ large 18 exp
Slide 8: Cyviz Experience Centers providing global reach
DNB Confidential Cyviz Experience Centers providing global reach 8
Slide 9: Strong position with solid blue chip customer base across select target industries
DNB Confidential Strong position with solid blue chip customer base across select target industries GOVERNMENT & DEFENSE CORPORATE ENERGY TRANSPORTATION & AVIATION Proven track record of deliveries to the world’s most demanding customers 9
Slide 10: A leading provider of advanced collaboration solutions
DNB Confidential A leading provider of advanced collaboration solutions • Global technology provider servicing customers worldwide • Standardized solutions for multiple applications; command & control, innovation & experience centers, training and meeting rooms • In-house developed software platform
Slide 11: DNB Confidential
DNB Confidential
Slide 12: Operational update
DNB Confidential Operational update 12
Slide 13: Global partnership with Accenture – Dubai Expo 2020
DNB Confidential Global partnership with Accenture – Dubai Expo 2020 • Accenture as Digital Services Premier Partner & Headline Sponsor at Dubai Expo 2020 • Showcasing Cyviz installations at Global Exhibition with audiences of 25 million expected from 192 countries • 115 systems at 38 sites undertak
Slide 14: Growth and strategic evolution
DNB Confidential Growth and strategic evolution • Continue expanding the Go-To-Market organization, with focus on building a platform for further growth in 2022. Increase in sales reps from 9 to 23 from Jan 1st 2021 to November 2021 • The product and partner organization are uncovering new opportuni
Slide 15: Handling the global chip crisis
DNB Confidential Handling the global chip crisis • Invested heavily in chip supplies • Sufficiently stocked with crucial 3rd party components • Well covered for customer deliveries next 6 months • Constantly expanding the partner network to secure a dynamic supply structure with the best prices and
Slide 16: Financials
DNB Confidential Financials 16
Slide 17: Continued strong growth in order intake
DNB Confidential Continued strong growth in order intake • 63% year-on-year growth in order intake to NOK 92 million • 16% year-on-year increase in revenue to NOK 64 million • Book to bill ratio of 1.4 and an increase in backlog to record high NOK 151 million from NOK 119 million at the end of Q2 20
Slide 18: Net cash flow of NOK -6 million in the quarter
DNB Confidential Net cash flow of NOK -6 million in the quarter • Cash flow before investments in working capital and capex of NOK -12 million 5 • Net working capital reduced by NOK 11 million in the -6 quarter, despite a planned 11 increase in inventories of NOK 5 million to secure long lead items
Slide 19: Solid balance sheet and a good cash position
DNB Confidential Solid balance sheet and a good cash position Assets Equity and liabilities NOK million NOK million 196 196 Cash 57 51 Current liabilities 10 LT interest bearing debt 4 Other non-current liabilities Receivables 66 131 Equity Inventories 22 (67%) Fixed assets 51 30.09.2021 30.09.2021
Slide 20: Share price increase of 54% since IPO, ~900 shareholders
DNB Confidential Share price increase of 54% since IPO, ~900 shareholders # Shareholder Shares % of shares 1 INVESTINOR DIREKTE AS 4 911 267 38,1 % 2 KARBON INVEST AS 1 919 367 14,9 % 3 SPINOZA AS 464 173 3,6 % 4 SILVERCOIN INDUSTRIES AS 455 021 3,5 % 5 CAMACA AS 293 980 2,3 % 6 CORPORATE INVESTMENT
Slide 21: Outlook and summary
DNB Confidential Outlook and summary 21
Slide 22: Outlook & Summary: We transform how people work
DNB Confidential Outlook & Summary: We transform how people work Annual average • Selective M&A revenue growth • Product development • Create engaging and versatile >30% • New markets and customer verticals experiences and solutions that enable hybrid collaboration Recurring revenue • Up-sell servic
Slide 23: Recurring revenue focus, Green profile, Strong client base
DNB Confidential Recurring revenue focus Green profile Global footprint Cloud based packaged solutions, Enabler for environmental Global, scalable and increased software sales and shift with increased standardized solutions M&A´s to scale recurring revenue efficiency for clients 30+ 500+ Strong clie
Slide 24: We transform how people work
We transform how people work
Slide 25: Appendix
DNB Confidential Appendix 25
Slide 26: A seasoned and committed leadership team
DNB Confidential A seasoned and committed leadership team Espen Gylvik Daniel Golparian Anas Hawari CEO COO Regional General Manager UAE More than 20 years of experience from the technology industry. More than 25 years of international experience from the tech industry, Has previously been the accou
Slide 27: An experienced board of directors
DNB Confidential An experienced board of directors Rune Syversen Chairman Rune Syversen is a co-founder of Karbon Invest AS, an investment company focusing on the IT-sector as a whole but also using technology to disrupt established business verticals that has international potential. Mr. Syversen h