Gft Technologies Se · XETR:GFT
Gft Technologies — Investor Presentation (November 2022)
36 slides from Gft Technologies's investor presentation, November 2022
Slide 1: Investor presentation
Investor presentation GFT Technologies SE | November 2022 © 2022 | GFT Technologies SE and its affiliates. All rights reserved.
Slide 2: Shaping the future of digital business: Our vision
Shaping the Our vision future of digital business We believe in a digital world in which the intelligent use of IT is a key success factor. Our vision is to simplify this world for our clients. We work side by side with our clients on digital transformation, enabling them to stay ahead of the compet
Slide 3: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results 9M/2022 4. Outlook gft.com November 2022 3
Slide 4: GFT at a glance FY 2021
Shaping the GFT at a glance future of digital business GFT at a glance FY 2021 GLOBAL WORKFORCE FY 2021 REVENUE FY 2021 Adj. EBITDA FY 2021 7,718 FTE plus 1,305 contractors € 566 million € 65 million REVENUE BY MARKET FY 2021 REVENUE BY SECTOR FY 2021 REVENUE BY SERVICE FY 2021 73% BANKING 16% INSUR
Slide 5: Proven onshore-/nearshore delivery model with 10,000+ talents
Shaping the GFT at a glance future of digital business Proven onshore-/nearshore delivery model with 10,000+ talents Over 40% of revenues generated nearshore | Headcount 8,766 and 1,281 contractors (09/2022) UK (340) Germany (390) London Böblingen Manchester Bonn Constance Eschborn/Frankfurt Karlsru
Slide 6: Revenue and EBITDA adjusted by quarter
Shaping the GFT at a glance future of digital business Revenue and EBITDA adjusted by quarter Revenue EBITDA adjusted* in €m 183.90 184.66 in €m 173.35 160.80 23.84 143.81 137.66 20.86 123.92 18.66 18.52 117.81 17.18 105.99 15.40 13.55 12.28 11.71 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/2
Slide 7: Our understanding of sustainability
Shaping the GFT at a glance future of digital business Our understanding of sustainability ENVIRONMENT SOCIAL GOVERNANCE Sustainability by Grow tech talent Resilient management design worldwide systems 500+ GreenCoding certificates 27 training hours per employee €0.00 legal costs for anticompetitive
Slide 8: Business strategies might adapt – our unique values stay
Shaping the GFT at a glance future of digital business Business strategies might adapt – our unique values stay Culture of... leading from the front global-local responsibility mix continuous learning diversity & equality growing tech talent globally Differentiates us to attract and retain
Slide 9: GFT share and shareholder structure
Shaping the GFT at a glance future of digital business GFT share and shareholder structure GFT share indexed Shareholder structure 30 Dec 2020 10 Nov 2022 €11.94 €37.35 Dividend per share in Cent (for FY) 35 30 30 30 30 20 20 2015 2016 2017 2018 2019 2020 2021 gft.com November 2022 Minor variations
Slide 10: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results H1/2022 4. Outlook gft.com November 2022 10
Slide 11: Cloud business drives digital transformation revenues
Shaping the GFT growth path future of digital business Cloud business drives digital transformation revenues Megatrend digital transformation Smart Technologies – Enabling and boosting transformation • Highly innovative solutions with smaller project sizes • Includes: AI, DLT/Blockchain, AR/VR, Ro
Slide 12: Banking growth momentum
Shaping the GFT growth path future of digital business Banking growth momentum Capitalising on strong demand for cloud GFT’s Banking growth services Strategic investments in cloud partnerships +22.9% FY 2021 Digital banking on new core banking platforms (smart contracts) Growth in Banking IT for
Slide 13: Insurance growth momentum
Shaping the GFT growth path future of digital business Insurance growth momentum Increasing traction with Guidewire GFT’s Insurance growth Capitalising on strong business demand, Insurances reinvent themselves +51.7% Demand for cloud-based Guidewire solutions increases FY 2021 GFT’s hybrid clo
Slide 14: Industry growth momentum
Shaping the GFT growth path future of digital business Industry growth momentum Addressing market with complete offering GFT’s Industry & Others growth Sustainability offering based on asset sphinx open online (SOO) Multi-year development projects with thousands of engineers leveraging weblet as
Slide 15: Investment case summary
Shaping the GFT growth path future of digital business Investment case summary Unique technology and Highly attractive sales and Sector expertise earnings potential Strong demand for Sustainability and commitment digital transformation gft.com November 2022 Minor variations due to rounding possible
Slide 16: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results 9M/2022 4. Outlook gft.com November 2022 16
Slide 17: Continued growth in the first nine months of 2022
Shaping the Financial results future of digital 9M/2022 business Continued growth in the first nine months of 2022 Further upgrade in earnings outlook Strong demand for digital transformation Performance 9M/2022 projects remains unchanged Growth through new clients and sustained digitalisation +34
Slide 18: Strong growth in all key figures, especially EBT
Shaping the Financial results future of digital 9M/2022 business Strong growth in all key figures, especially EBT in €m 9M/2022 9M/2021 ∆% Revenue: plus 34% (thereof plus 8% FX effects) Revenue 541.91 405.39 34% Order backlog again significantly above Order backlog 264.46 214.70 23% previous yea
Slide 19: Diversification further improved
Shaping the Financial results future of digital 9M/2022 business Diversification further improved Well-balanced client portfolio All sectors with strong growth Largest client with approx. 13% of total revenue* Insurance and Industry & Others grow by more than 50% 541.91 41% 12% 37% 405.39 18% 10% 27
Slide 20: Revenue by segment
Shaping the Financial results future of digital 9M/2022 business Revenue by segment in €m Revenue Growth rates 9M/2022 9M/2021 Organic M&A FX Total Americas, UK & APAC 342.25 223.09 40% 0% 13% 53% Continental Europe 199.16 182.14 9% 0% 0% 9% Others 0.50 0.16 n/a n/a n/a n/a GFT Group 541.91 405.39 2
Slide 21: Earnings by segment
Shaping the Financial results future of digital 9M/2022 business Earnings by segment in €m EBITDA adjusted* EBITDA EBT 9M/2022 9M/2021 ∆% 9M/2022 9M/2021 ∆% 9M/2022 9M/2021 ∆% Americas, UK & APAC 38.72 25.05 55% 38.72 23.12 67% 32.26 16.91 91% Continental Europe 26.90 24.68 9% 26.90 24.67 9% 18.82 1
Slide 22: Revenue by markets
Shaping the Financial results future of digital 9M/2022 business Revenue by markets Seven individual markets with growth of >30% 9M/2022 in m€ ∆% 9M/2021 103.14 Brazil 84% 56.02 2% 3% 3% 2% 2% 88.27 UK 23% 71.97 2% 2% 3% 1% 64.64 Spain 5% 61.76 2% 1% 3% 2% 1% 14% 3% 19% 1% 55.84 Italy 5% 53.09 4% 2%
Slide 23: Income statement – disproportionate earnings improvements
Shaping the Financial results future of digital 9M/2022 business Income statement – disproportionate earnings improvements in €m 9M/2022 9M/2021 ∆% Profitable revenue growth due to sustained Revenue 541.91 405.39 34% demand for long-term and complex digitalisation solutions Other operating income
Slide 24: Cash flow analysis – increased net cash
Shaping the Financial results future of digital 9M/2022 business Cash flow analysis (€m) – increased net cash Unchanged solid financing structure with 31/12/2021 9M/2022 30/09/2022 unused credit lines of €43.81m (31/12/2021: Net cash Financing Cash Cash flow Cash flow Cash flow FX effects Cash Fin
Slide 25: Balance sheet – improved equity ratio
Shaping the Financial results future of digital 9M/2022 business Balance sheet (€m) – improved equity ratio Balance sheet total expanded by With a net income of €33.78m 8% due to increased claims to (9M/2021: €21.09m), equity customers and investments for real currency-adjusted up by €24.35m; es
Slide 26: Team expansion to more than 10,000 experts
Shaping the Financial results future of digital 9M/2022 business Team expansion to more than 10,000 experts Employees (FTE) Utilisation Attrition 8,766 8,451 91% 8,120 91% 20% 90% 90% 90% 19% 7,718 19% 18% 7,286 16% Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q3/21 Q4/21 Q1/22 Q2/22
Slide 27: We are a Great Place To Work for >10k talents!
Shaping the Financial results future of digital 9M/2022 business We are a Great Place To Work for >10k talents! Proofpoint that helps employee growth and to keep up with demand gft.com November 2022 Minor variations due to rounding possible 27
Slide 28: Agenda
Shaping the future of digital business Agenda 1. GFT at a glance 2. GFT growth path 3. Financial results 9M/2022 4. Outlook gft.com November 2022 28
Slide 29: Reaching new heights in 2022
Shaping the Outlook future of digital business Reaching new heights in 2022 Megatrend digital transformation pushes GFT up Anticipating growth in every sector Highest dynamic with cloud technologies AI & DLT/Blockchain projects increasing too Global talent pool and sourcing as competitive ad
Slide 30: Outlook 2022 – Raised in October for the third time
Shaping the Outlook future of digital business Outlook 2022 – Raised in October for the third time Revenue EBITDA adjusted* EBITDA EBT +29% +34% +43% +65% in €m 730 87 87 66 566 65 445 61 429 48 40 43 45 40 19 14 2019 2020 2021 2022e 2019 2020 2021 2022e 2019 2020 2021 2022e 2019 2020 2021 2022e * A
Slide 31: Backup
Shaping the future of digital business Backup gft.com November 2022 31
Slide 32: Investment case in detail
Shaping the Backup future of digital business Investment case in detail Unique technology and sector expertise Highly attractive sales and earnings Longstanding expertise in digital transformation potential for financial institutions Accelerated growth due to high structural Strong focus on la
Slide 33: Market influencers recognise GFT as a leader
Shaping the Type here if add Backup future of digital info needed for business every slide Market influencers recognise GFT as a leader Proofpoint that helps drive demand GFT “Leader in Data Analytics and Machine GFT “Leader for Digital Banking Services by Learning in the Google Cloud partner ecosys
Slide 34: Clients in 2021 – 46 new qualified clients
Shaping the Backup future of digital business Clients in 2021 – 46 new qualified clients Revenue 2015 2016 2017 2018 2019 2020 2021 < €1.0m 255 252 258 263 232 345 371 > €1.0m 30 38 35 48 52 45 56 > €5.0m 4 3 7 5 7 13 11 > €10.0m 5 6 5 5 7 7 12 Total 294 299 305 321 298 410 450 Further increase of
Slide 35: 10-year development
Shaping the Backup future of digital business 10-year development REVENUE – 10y CAGR: 17.3% EBITDA adjusted – 10y CAGR: 19.1% GFT GFT Italy (2013) GFT Rule (2014) Adesis (2015) Habber Tec BR (2016) V-NEO (2018) AXOOM (2019) in-GmbH (2020) 730 730 566 87 81 418 419 428 440 65 367 404 241 45 47 48 40
Slide 36: Shaping the future of digital business
Shaping the future of digital business GFT Technologies SE GFT Technologies SE Dr Jochen Ruetz Andreas Herzog, CIIA, CIRO CFO Head of Investor Relations Schelmenwasenstr. 34 Schelmenwasenstr. 34 70567 Stuttgart 70567 Stuttgart T +49 711 62042-422 T +49 711 62042-383 [email protected] [email protected] ©
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