Allgeier Se · XETR:AEIN
Allgeier — Investor Presentation (August 2022)
24 slides from Allgeier's investor presentation, August 2022
Slide 1: Investor Presentation August 2022
Investor Presentation August 2022
Slide 2: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 3: Allgeier at a glance
At a glance Allgeier is a software and IT services company specialized in the digitization of mission-critical enterprise processes Allgeier is a proven €403m Revenue 20211 Broad and stable customer specialist in the 11% Adj. EBITDA margin base of large enterprises, digitization 20211,3 medium-sized
Slide 4: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 5: Allgeier is driven by major software & IT services market trends
Market trends Allgeier is driven by major software & IT services market trends and the huge demand for digital transformation German IT & software Investment in the digitization Global spending on services market1 of public administration in digital transformation Germany3 technology & services5 €68
Slide 6: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 7: Allgeier organizes its software & IT services in two segments
Business overview Allgeier organizes its software & IT services in two segments with strong & well-established brands mgm Enterprise IT technology partners www.allgeier.com 7
Slide 8: Enterprise IT is specialized in large digital transformation projects
Enterprise IT is specialized in large digital transformation projects with recurring nature at the core of the customers’ operations Full-range IT solutions & Focused on large IT & software • Open-source/E-government software services provider for projects for digital • Cyber security customers’ mis
Slide 9: Enterprise IT has a broad base of enterprise, Mittelstand & public customers
Enterprise IT has a broad base of enterprise, Mittelstand & public customers … Customer story Vodafone Project OneDMS: Selected clients • Building a central document collaboration platform for Vodafone in Germany and other countries as well as subsidiaries of Vodafone • Migration of >4.5bn documents
Slide 10: … across major industries and with significant growth potential
… across major industries and with significant growth potential Customer diversification1 Number of accounts1 Industry segmentation1 >2,000 20 % 47 % Outside Top 10 11% Top 100 45 4% 28% 5% €308m 16% 19% 33 % 17% 4 Top 11-100 >€10m >€1m <€1m Public sector Banks & Insurance IT Manufacturing Trade Hea
Slide 11: Enterprise IT continues increase in earnings & margins
Enterprise IT continues increase in earnings & margins Revenue1 in € m Gross profit & margin1 in € m Adj. EBITDA & margin1,2 in € m 23 % 25 % 29 % 5% 8% 10 % 313 308 92 90 31 27 278 87 87 27 12 81 81 11 73 70 24 23 76 75 75 75 76 22 71 21 16 68 67 69 20 19 19 18 18 18 18 8 8 17 16 7 7 7 6 5 5 5 5 2
Slide 12: mgm technology partners is a high-end specialist for digitization
mgm technology partners is a high-end specialist for digitization, disruptive technology & consulting services High-end specialist for One of the leading service • High-end solutions & software providers for e-government development secure, highly scalable and • E-government & E-commerce available o
Slide 13: mgm technology partners' ongoing success is underlined by key accounts
mgm technology partners’ ongoing success is underlined by key public & enterprise accounts Customer story ELSTER Selected clients • mgm platforms are used by millions of users every day – the most prominent platform is the electronic tax system ELSTER • ELSTER is the largest and best-known e-governm
Slide 14: mgm technology partners has in-depth know-how in e-government & commerce
mgm technology partners has in-depth know-how in e-government & commerce Customer diversification1 Number of accounts1 Industry segmentation1 >200 12 % 79 % 3% Outside Top 10 3% Top 20 9% 12 10% 39% 9% €98m Top 11-20 2 36% >€10m >€1m <€1m Commerce Public sector Banks & Insurance Manufacturing IT Oth
Slide 15: mgm technology partners accelerates its growth with high profitability
mgm technology partners accelerates its growth with high profitability Revenue1 in € m Gross profit & margin1 in € m Adj. EBITDA & margin1,2 in € m 36 % 39 % 41 % 17 % 21 % 23 % 98 40 22 11 26 6 83 26 26 11 18 6 6 25 77 24 23 32 10 10 10 5 5 22 28 9 9 13 5 5 5 21 21 20 8 20 8 19 19 19 7 7 7 4 4 7 7
Slide 16: 6 acquisitions in 2021 have increased focus on software & digitization
Business overview 6 acquisitions in 2021 have increased focus on software & digitization Publicplan (January) it-novum (June) Clientis (September) High end-specialist for Specialist for business SAP process optimization open-source e-government open-source technologies, solutions & digitization soft
Slide 17: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 18: Allgeier P&L shows growth and continuous margin improvement
Group financials Allgeier P&L shows growth and continuous margin improvement Revenue1 in € m Gross profit & margin1 in € m Adj. EBITDA & margin1,2 in € m 26 % 29 % 32 % 5% 9% 11 % 403 129 45 379 352 102 16 117 99 40 112 112 37 14 98 98 99 92 97 95 32 33 30 91 92 87 85 89 29 29 11 29 28 11 27 25 24 1
Slide 19: Balance sheet ratios offer sufficient leeway for further M&A
Group financials Balance sheet ratios offer sufficient leeway for further M&A Operating Cashflow development in € m1 2021 Net debt in € m1 €200m Net 69 leverage2 Revolving credit facility 2.1 x by a bank consortium 138 + 29 €60m 1 HY 22 2 HY 114 18 Promissory note loan 12 4 45 by a bank consortium 0
Slide 20: Guidance for the 2022 financial year and mid-term forecast
Group financials Guidance for the 2022 financial year and mid-term forecast: Further revenue growth & margin expansion Mid-term FY 2022 (next 3 yrs) Organic Revenue €480-520m growth rate of 10-15% Adjusted €63-69m (corresponding to 15% margin EBITDA1 a margin of 13-14%) www.allgeier.com 1) EBITDA be
Slide 21: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 22: Allgeier is creating sustainable shareholder value at the core of digitization
Value creation highlights Allgeier is creating sustainable shareholder value at the core of digitization Digitization is disrupting any business. Digitization drives our business. We address the need of our customers for change-the-business projects. Modern software solutions are a key competitive d
Slide 23: Postal address Contact Web
Postal address Contact Web Follow us on LinkedIn Einsteinstrasse 172 – Blue Tower I D-81677 Munich Investor Relations www.allgeier.com/en/investor-relations Phone: +49 89 998421-0 [email protected]
Slide 24: Allgeier
A L LGE IER