Cyviz AS · OSL:CYVIZ
Cyviz AS — Q2 2023 Earnings Presentation
16 slides from Cyviz AS's earnings presentation, Aug 31, 2023
Slide 1: 2nd quarter and half-year results 2023
Cyviz 31 August 2023 2nd quarter and half-year results 2023
Slide 2: Today’s agenda and presenters
Today’s agenda and presenters Q2’23 in brief Performance 2020-2023 Espen Gylvik Business highlights CEO Q2 and half-year financials Outlook Marius Skagen Q&A CFO Agenda 2
Slide 3: This is Cyviz
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: Strong continued growth in revenue and EBITDA
Strong continued growth in revenue and EBITDA Q2’23 in brief EBITDA of NOK 11.6 Revenue of NOK 160 Order intake of NOK 123 Operating cash flow of NOK million in Q2 being the million in Q2, up 33% million in Q2 (+4.8%) 8.1 million, an improvement fifth consecutive quarter compared to last year of NOK
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) +42% +80% +64M 626 632 280 36.6 589 30.0 561 257 220 435 445 9.0 402 185 342 307 156 -2.6 -1.9 142 147 -6.5 238 122 122 -10.8 179 -15.5 -14.8 102 100 -25.5 -27.8 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q4 Q1
Slide 6: Business highlights
Business highlights
Slide 7: Business highlights Q2
Business USD 0.1m USD 3.0m USD 0.6m Q2 New F100 logo to deliver Cyviz Refresh and upgrades on 9 Boeing India Experience highlights solutions to their innovation center different sites in the US and UK for F500 customer Center SIGNIFICANT USD 3.8m USD 0.4m USD 0.7m USD 0.4m 18 high-end meeting rooms
Slide 8: Business highlights H1'23
Business USD 0.1m USD 3.0m USD 0.6m Q2 New F100 logo to deliver Cyviz Refresh and upgrades on 9 Boeing India Experience highlights solutions to their innovation center different sites in the US and UK for F500 customer Center SIGNIFICANT USD 3.8m USD 0.4m USD 0.7m USD 0.4m 18 high-end meeting rooms
Slide 9: Q2 and half-year financials
Q2 and half-year financials 9
Slide 10: Financial highlights
(all figures in MNOK) +33.3% Revenues Financial 180 160 137 • NOK 160 million compared to NOK 120 116 102 100 120 million last year – up 33% highlights 64 70 • Rolling 12-months trend at NOK 593 million versus NOK 353 million in Q2 REVENUES 2022 (+68%) Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23
Slide 11: Half-year results 2023
(all figures in MNOK) +57% Revenues Half-year 297 • NOK 108 million growth compared to 189 159 same period last year (+57%) results 2023 104 • Middle East making up 57% in 2023 while North America was the largest REVENUES region in H1’22 with 52% of total H1-20 H1-21 H1-22 H1-23 revenue +72% 144 Gro
Slide 12: Operating cash flow
Operating cash flow Q2 Key drivers Q2 Operating 15.8 cash flow • Profit before tax of NOK 10.5 million driven by strong EBITDA 10.5 • Increase in AP of NOK 15.8 million to 5.5 8.1 balance receivables and payables • Reduction in inventories of NOK 5.9 million after strategic build-up last 5.9 two qua
Slide 13: Outlook
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Slide 14: Profitable growth-targets reiterated
Outlook Profitable growth-targets reiterated Profitable growth 1 Cyviz maintains the medium-term target of 30% CAGR on revenue, and 15-20% EBITDA-margin Cash flow and cash conversion 2 Continued focus during 2023 with expected reduction in receivables during H2’23 Launch of new platform services 3 N
Slide 15: Q&A
Q&A
Slide 16: Thank you
Thank you cywz / DON’T HOLD BACK™