Eezy Oyj · OMXHEX:EEZY
Eezy Oyj — Q1 2021 Earnings Presentation
21 slides from Eezy Oyj's earnings presentation, May 11, 2021
Slide 1: Interim report Q1 / 2021
Interim report Q1 / 2021 Sami Asikainen 1 11 May 2021 Eezy Plc 2021
Slide 2: Q1 in brief
Q1 in brief Restrictions were tightened during Q1 – impacts have become polarised, the lockdown has the biggest impact on the HORECA sector. Professional services business is increasing in accordance with the strategy, +48%. Eyes closely on the post-COVID-19 times – return to the growth track during
Slide 3: Key figures
Key figures 60 Revenue Q1/20–Q1/21 50 40 30 EUR MILLION Q1/2021 Q1/2020 20 €36.6 m €55.1 m 10 Revenue 0 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 EBIT Q1/20–Q1/21 EBITDA €2.8 m €2.8 m 4 3 EBITDA margin €7.5% €5.1% 2 1 EBIT €0.9 m €1.0 m 0 -1 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 3 11 May 2021 Eezy Plc 2021
Slide 4: COVID-19 continues to have a considerable impact on the market
COVID-19 continues to have a considerable impact on the market • Staff leasing market was approximately 20% down year-on-year in Q1. • The impacts of COVID-19 on the staff leasing market began to show in April 2020. • The economic outlook began to improve during the spring. • COVID-19 has reduced th
Slide 5: Sector-specific differences are emphasised in Eezy's staff leasing
Sector-specific differences are emphasised in Eezy’s staff leasing Customer breakdown in staff leasing Customer breakdown in staff leasing 2019 (pro forma) Q1/2021 Teollisuus, Rakentaminen, Logistiikka Horeca Kauppa Muut Teollisuus, Rakentaminen, Logistiikka Horeca Kauppa Muut Revenue Franchise reve
Slide 6: Eezy Light Entrepreneurs
Eezy Light Entrepreneurs Revenue Change €0.5 m -23% • COVID-19 reduced the overall market, proportionally the impact has been the biggest on consulting, events and performing artists 6 11 May 2021 Eezy Plc 2021
Slide 7: Development of professional services continues
Development of professional services continues Revenue Change €3.0 m +48% • The market is picking up as the society is opening up. • Companies have been cautious in recruiting during COVID-19, recovery is expected. • The demand in the coaching and development services market is expected to increase
Slide 8: Financial information Q1/2021
Financial information Q1/2021 8 11.5.2021 Eezy Oyj 2021
Slide 9: Income statement
Income statement EUR thousand 1-3/2021 1-3/2020 2020 Revenue 36 599 55 091 190 637 Other operating income 1 836 128 1 330 - -1 -1 Share of result of equity accounted investments • Q1: the biggest item in -1 238 -1 559 -4 444 other operating income Materials and services is the change in the Personne
Slide 10: Balance sheet
Balance sheet EUR thousand 31.3.2021 31.3.2020 31.12.2020 ASSETS Goodwill 127 938 125 800 127 938 Intangible assets 28 901 31 082 29 731 Goodwill and intangible assets totalled Tangible assets 6 324 6 488 6 984 approximately EUR 157 million. Long-term receivables and investments 2 734 3 079 2 187 No
Slide 11: Balance sheet – key figures
Balance sheet – key figures Balance sheet – key figures 3/2021 3/2020 Net debt 49 337 54 410 Net debt excluding IFRS 16 43 905 50 002 Net debt/Adjusted EBITDA 4,1 x 2,9 x Gearing, per cent 47,5 % 53,3 % Equity ratio, per cent 53,0 % 49,4 % EUR 10 million overdraft limit unused on 31 March 2021. 11 1
Slide 12: Largest shareholders March 2021
Largest shareholders 31 March 2021 Shareholder Shares % 1. Noho Partners Oyj 7 274 881 29,28 2. Sentica Buyout V Ky 6 105 458 24,57 3. Meissa-Capital Oy 3 223 071 12,97 4. Asikainen Sami 414 350 1,67 5. OP-Suomi Mikroyhtiöt 399 879 1,61 6. Evli Suomi Pienyhtiöt 391 699 1,58 7. Taaleritehdas Mikro Ma
Slide 13: Annual General Meeting and dividend
Annual General Meeting and dividend The Annual General Meeting was held on 13 April 2021. The Board of Directors continues as before. • Dividend: • a dividend of EUR 0.10/share during spring (paid 22 April 2021) • the Board of Directors be authorised to decide on a dividend not exceeding EUR 0.05/sh
Slide 14: Towards future successes
Towards future successes 14 11.5.2021 Eezy Oyj 2021
Slide 15: Year 2021: COVID-19 fading away, back to the organic growth path
Year 2021: COVID-19 fading away, back to the organic growth path Normal Growth Investments markets We seek growth in all Ability to invest in We expect markets to of our business service development return to normal operations. and company during this year. acquisitions. 15 11 May 2021 Eezy Plc 2021
Slide 16: Strategy in 2021
Strategy in 2021 Winning Growth Successful organisation encounters Strengthening our Back to the organic position in every High-quality growth path – strong business area encounters and easy internal cooperation solutions and efficiency 16 11 May 2021 Eezy Plc 2021
Slide 17: Eyes on post-COVID-19 times
Eyes on post- COVID-19 times • The economy is beginning to recover – the pace and schedule are still uncertain. • Customers’ activity and also numbers of applications are increasing. • At best, the opening up of society will trigger the pent- up demand. • Staff leasing can increase its share of labo
Slide 18: Benefits of scale begin to show with growth
Benefits of scale begin to show with growth • Information systems and operating models have been harmonised – facilitates efficient operations going forward. • With the current organisation, we can address the projected volume growth as the economy recovers – we will not compromise our capabilities
Slide 19: Eezy's roadmap
€400 Eezy’s Company acquisitions m roadmap Organic growth New services Recovery from COVID-19 €191 m Scalability EBIT 3% Digitalisation EBIT 10% Services with high profitability 19 11 May 2021 Eezy Plc 2021
Slide 20: Eezy's roadmap – what will we do?
Eezy’s roadmap – what will we do? Recovery New Organic Company Towards 10% from COVID- services growth acquisitions EBIT 19 • Expected to • Increasing new • Activity in • Select growth in • Information begin in industries in staff customer the professional systems have Q2/2021. leasing. work. servic
Slide 21: We are Eezy
We are Eezy Mission Vision Methods We are the most We create Courage significant reformer successful Professionalism of working life in work experiences Positivity Finland 21 11 May 2021 Eezy Plc 2021