Arribatec Group Asa · OSL:ARR
Arribatec Group Asa — Q3 2022 Earnings Presentation
25 slides from Arribatec Group Asa's earnings presentation, 2022
Slide 1: Quarterly presentation Q3 2022
Quarterly presentation Q3 2022 ^ Geir Johansen, CEO 1
Slide 2: Shows continued strong growth
Shows continued strong growth Revenue Recurring Adj. EBITDA 25% Q3-22/Q3-21 11% Q3-22/Q3-21 Margin – 5.7% NOK 118.2m NOK 44.2 NOK -6.7m Organic Growth +12.7% Recurring is 37% of total Q3 revenue 2
Slide 3: Geographic revenue growth & share of total
Geographic revenue growth & share of total 12% qrt/qrt 52% qrt/qrt 10% qrt/qrt NOK 70.2m NOK 39.0m NOK 8.9m 59% of group revenue 33% of group revenue 8% of group revenue 3
Slide 4: EA&BPM – some significant contracts won in Q3
| EA&BPM – some significant contracts won in Q3^ Combined value NOK 42m for the 4 contracts Global IT Statens Norwegian Directorate Large Norwegian Norwegian energy for Higher Education firm bank Vegvesen company • Value: 11,5 MNOK • Value: 17,5 MNOK • Value: 3 MNOK • Value: 5 MNOK • Value: 5 MNOK •
Slide 5: BizS: some significant contracts won in Q3
| BizS: – some significant contracts won in Q3 Combined value NOK 27m for the 5 contracts Ferry and logistic service Large European OsloMet HK-Dir (Public entity) Electronic Manufacturer in public sector. engineering group • Total contract value • Total contract value • Total contract value 4,0 MNOK
Slide 6: Value of deals closed year to date
Value of deals closed year to date 49,6 Business Services Cloud For the first 10 months of the year EA & BPM Arribatec Group has signed a total of Hospitality 40,1 530 new contracts and scop Marine 24,8 extensions with a combined value of 11,6 NOK 399 million. 31,2 31,0 30,5 Four Cloud the numbers e
Slide 7: Arribatec's five business areas
| Arribatec’s five business areas ^ Business Services EA & BPM Cloud Hospitality 7
Slide 8: Q3 performance
Q3 performance BizS EA-BPM Cloud 46% 10.3% 1.0 % 8.8% 28% 1.0% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 67m* 6.9m** 20m* 1,7m** 28m* 0.3m** Revenue EBITDA Revenue EBITDA Revenue EBITDA • So far in 2022 BizS secured 250 new • So far in 2022 EA&BPM secured
Slide 9: Q3 performance
Q3 performance HspT Marine a lot +500% -181.0% -6.3% 4.2% Revenue Growth EBITDA margin Revenue Growth EBITDA margin 1.2m* -2.2** 13.3m* 0.6m** Revenue EBITDA Revenue EBITDA • Significant shift upwards in demand for • Shows positive EBITDA for the first time HspT’s products after a busy summer for si
Slide 10: People & organisation
— .( People = xs organis ation 7 pal bi . =. Arribatec.
Slide 11: Offices around the globe
23 440 1200+ Offices around Employees across Customers across the globe 5 business areas different industries 11
Slide 12: Headcount
Headcount* 250 221 206 Date Total 200 31.12.2021 403 30.06.2022 445 150 30.09.22 440 100 88 66 67 56 50 50 38 14 12 16 9 0 Cloud EA & BPM Business Services Hospitality Marine Group 31.12.2021 30.09.2022 12 *Includes long term contracted personnel which constitute 60 persons in Q3 where the majority
Slide 13: Financial Review
Financial Review 13
Slide 14: Revenue development for each BA per quarter
Revenue development for each BA per quarter % Recurring 43% 32% 37% 36% 37% of Total % Outside 34% 37% 38% 40% 41% Norway 126 120 13 118 1 13 115 1 13 1 Marine 10 27 96 1 28 Hspt 28 14 21 Cloud NOK mill. 0 22 EABPM 20 22 20 BizS 22 Elim. 20 78 72 64 67 46 -7 -2 -14 -14 -12 Q3-21 Q4-21 Q1-22 Q2-22 Q3
Slide 15: Q3-22 Business area size and profitability
| Q3-22 Business area size and profitability ^ Revenue * EBITDA** % Recurring 26% 21% 32% 71% 26% pr BA 67 6.9 14 NOK mill. 28 1.7 53 20 0.6 0.3 20 6 13 3 13 -2.2 8 10 1 BizS EA-BPM Cloud HspT Marine BizS EA-BPM Cloud HspT Marine Consulting/one-off Recurring * Includes external- and group internal r
Slide 16: Cash flow development
Cash flow development • Financing Q3 includes repair issue and repayment of credit facilities • New credit facility (kassakreditt) of NOK 20m NOK mill. established in July. This facility is not included in the chart. • Of the total cash balance, restricted cash accounts for NOK 14m. • Pr today NOK 6
Slide 17: Balance sheet development
Balance sheet development Liabilities & Equity Assets 552 556 552 556 Equity Goodwill Non/current Intangibles Current Other non-current 205 205 Other current 317 309 Trade receivables NOK mill. Cash 111 96 58 77 87 88 45 40 159 89 100 149 44 39 Y.E 2021 Q3-2022 Y.E 2021 Q3-2022 17
Slide 18: Equity development
Equity development 316 18 324 48 2 16 309 22 294 31.12.21 Net loss 31.03.22 Share issue Net loss 30.06.22 Repair Net loss 30.09.22 Q1-22 Q2-22 issue Q3 Q3-22 18
Slide 19: Outlook
Outlook • Increased focus on efficiency and chargeability to improve profitability • Partnership with Hypergene and Rambase will drive growth in Nordics and UK • EA&BPM will expand outside of Norway in 2023 • Planning for Hospitality to go break even during 2023 • Marine has completed adjustment of
Slide 20: Appendix
Appendix Financial Figures 20 20
Slide 21: Profit & Loss
Profit & Loss For the quarter end Year to date NOK thousand Note 30Sep 2022 __30 Sep 2021 30 Sep 2022 _ 30 Sep 2021 Full year 2021 Revenue 3 118 235 94361 364.419 297 961 413 938 Materials, software and services (29923) (23 102) (88 310) (67 822) (92 859) Gross profit 88 312 71 260 276 108 230 139 3
Slide 22: Balance Sheet
Balance Sheet NOK thousana Note 30Sep 2022 31De¢2021 NOK thousand Note 30S0p2022__31Dec 2021 ASSETS EQUITY AND LIABILI Non-current assets Equity Property, Plant and equipment 6.989 7405 Share capital 9 192788 163773 Right-of-use assets & 45 926 30 266 Other paid in capital 216 414 196 700 Goodwill 5
Slide 23: Cash flow
Cash flow For the quarter end Year to date NOK thousand Note 30'Sep 202230 Sep 2021 30Sep 2022 30Sep2021__Fullyear 2021 Operating activities Profit/(Loss) before tax (19.691) (22739) (62933) (26 787) (53 660) Taxes paid (693) ) (1.566) (982) (982) Adjustments for: - Finance income and expense 4 (695
Slide 24: Equity
24 Equity Equity related to the shareholders of the parent company Restricted Other Exchange NOK thousand Share capital paid incapital differences Otherequity __Total Equity Balance on 1 January 2021 117 203 194510 8 4493 316.214 Result of the period (48 858) (48 858) Comprehensive income for the pe
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