Allgeier Se · XETR:AEIN
Allgeier — Investor Presentation (November 2021)
23 slides from Allgeier's investor presentation, Nov 19, 2021
Slide 1: Investor Presentation November 2021
Investor Presentation November 2021
Slide 2: Agenda
Agenda Allgeier at a glance Market trends Business overview Group financials Value creation highlights
Slide 3: 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 €380-420m Revenue 2021E1 Broad and stable customer specialist in the 10% Adj. EBITDA margin base of large enterprises, digitization 2021E1,3 medium
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 services provider for projects for digital • Cyber security customers’ mission-crit
Slide 9: Enterprise IT has a broad base of enterprise, Mittelstand and public customers
Enterprise IT has a broad base of enterprise, Mittelstand and 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 document
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 43 % 21 % Top 10 17% Outside 24% Top 100 45 5% €278m 15% 22% 4% 36 % 15% Top 11-100 3 >€10m >€1m <€1m Banks & Insurance Public sector Manufacturing Trade IT Com
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 & margin1,3 in € m 23 % 25 % 28 % 5% 8% 9% 313 278 73 70 23 8 22 81 81 16 21 7 76 75 75 75 76 20 7 71 19 19 7 68 67 69 18 6 18 18 18 17 16 5 5 5 5 2 2 2019 2020 2021 2019 2020 2021 2019 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' success underlined by key public & enterprise 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 >100 1% 78 % Outside Top 10 11% Top 20 6% 11 8% 43% 21 % €83m Top 11-20 2 33% >€10m >€1m <€1m Commerce Public sector Banks & Insurance Manufacturing Other ind
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 & margin1,3 in € m 36 % 39 % 41 % 17 % 21 % 23 % 83 25 32 10 10 18 6 77 24 23 28 9 9 5 5 5 22 5 21 8 20 21 20 8 13 19 19 19 7 7 7 7 4 4 7 4 4 3 3 2019 2020 2021 2019 2020
Slide 16: 6 acquisitions in 2021 increase focus on software & digitization
Business overview 6 acquisitions in 2021 increase 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 software s
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 & margin1,3 in € m 26 % 29 % 31 % 5% 9% 10 % 379 352 102 30 11 99 32 98 97 98 99 10 10 10 95 29 29 29 92 91 92 28 87 85 89 27 25 24 23 24 23 8 18 7 6 6 4 4 2 2019 20
Slide 19: Balance sheet ratios offer leeway for M&A
Group financials Balance sheet ratios offer leeway for M&A Operating Cashflow development in € m1 2020 Net cash in € m1 34 27 29 €140m (61) 22 Revolving credit facility 18 1 HY 2 HY by a bank consortium 7 12 31 Net 9 leverage2 4 3 0.0 x 1 2018 2019 2020 Fin. lease Financial Cash Net cash liabilities
Slide 20: Guidance for the 2021 financial year
Group financials Guidance for the 2021 financial year: Further revenue growth & margin expansion FY 2020 FY 2021 For the FY 2021, revenues are expected to be Revenue €352m between €380–420m €39–43m Adjusted (corresponding to an €30m EBITDA1 adjusted EBITDA margin of 10%) www.allgeier.com 1) EBITDA b
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: Contact
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] www.allgeier.com