Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q3 2024 Earnings Presentation
15 slides from Arribatec Group ASA's earnings presentation, November 2024
Slide 1: Quarterly presentation Q3 2024
Content classified as Confidential. Quarterly presentation Q3 2024 Geir Johansen, CEO Content classified as Confidential.
Slide 2: Highlights Q3
Content classified as Confidential. Highlights Q3^ ⁃ Quarterly revenue of NOK 130m (132m) and - 1.7% change compared to Q3 last year ⁃ EBITDA for the quarter was NOK -4.0m (10.0m) a reduction of NOK 14m compared to a year ago ⁃ Cash EBITDA for the quarter was NOK -10.0m ⁃ Available cash at end of Q3
Slide 3: Financial restructuring
Content classified as Confidential. Financial restructuring On 27 September 2024 Arribatec announced a financial restructuring. Arribatec has today announced the full financial restructuring plan which includes • extension of the NOK 20m credit facility to 31/12 2025, • availability of an additional
Slide 4: Revenue and EBITDA Q3-24
Content classified as Confidential. Revenue and EBITDA Q3-24 Revenue Recurring EBITDA NOK 130m (132m) NOK 63m (54m) EBITDA NOK -4m (9m) -1.7% qrt/qrt +17% qrt/qrt Margin -3.1% 49% of total revenue (up from 41% in q3-23) NORWAY Cont. EUROPE UK & US Revenue NOK 87 (82m) Revenue NOK 21m (24m) Revenue N
Slide 5: Q3-24 performance per business area vs. Q3-23
Content classified as Confidential. Q3-24 performance per business area vs. Q3-23 Business NOK thousand EA & BPM Cloud Hospitality Marine Corporate Elim. Total services Revenue 62,114 23,386 33,479 4,933 10,424 (4,925) 129,530 Growth vs Q3-23 (4.6%) (3.5%) 5.8% 135.3% (16.7%) -1.7% EBITDA 2,867 817
Slide 6: Revenue development for each BA per quarter
Content classified as Confidential. Revenue development for each BA per quarter ^ Total 37% recurring 35% 34% 35% 41% 38% 41% 43% 49% % Outside 41% 40% 38% 39% 33% 30% 29% 33% Norway 38% 150 150 148 143 145 160 140 9 10 1 13 132 11 130 118 13 140 MARINE 8 2 7 15 1 13 6 32 10 HSPT 13 2 5 30 32 120 1
Slide 7: Sales - new contracts and scope extensions
Content classified as Confidential. Sales - new contracts and scope extensions ^ Q2: 412 contracts for a total value of NOK 105 million (135m in Q3-23) -22% 60 220 215 60 200 191 194 Flytoget contract at 22m was 180 signed in Q3 last 43 year 160 40 39 135 138 140 128 121 120 105 28 100 25 80 20 62.8
Slide 8: Cash flow development
Content classified as Confidential. Cash flow development ^ 24 • Net cash flow from operation was NOK -5m for Q3 2024. Main items: • Net loss of -16.5m 12 • Net WC had a positive effect of NOK 17.2m 4 -14 42 0 • Contract assets had a negative effect of -3 40 2 0 1 39 39 NOK 10.2m -2 -14 -10 • Public
Slide 9: Balance sheet development
Content classified as Confidential. Balance sheet development ^ Liabilities & Equity Assets 501 478 501 Equity 478 Goodwill Non/current Intangibles Current Other non-current 206 Other current 262 232.6 208 Trade receivables NOK mill. Cash 96 50 43 86 29 32 39 52 189 202 91 82 39 18 y.e.2023 Q3-24 y.
Slide 10: Outlook
Content classified as Confidential. Outlook • Focus going forward will be to improve financial performance, reassess our balance sheet, and win new business • The group wide initiative to reduce cost and improve efficiency is expected to lift margins during 2025 • Robust demand for cloud services wi
Slide 11: Content classified as Confidential. Content classified as Confidential.
Content classified as Confidential. Content classified as Confidential.
Slide 12: Condensed consolidated statements of profit and loss
Content classified as Confidential. Condensed consolidated statements of profit and loss Content classified as Confidential. 12
Slide 13: Consolidated statements of financial position
Content classified as Confidential. Consolidated statements of financial position Content classified as Confidential. 13
Slide 14: Consolidated statements of changes in equity
Content classified as Confidential. Consolidated statements of changes in equity Content classified as Confidential. 14
Slide 15: Consolidated cash flow statement
Content classified as Confidential. Consolidated cash flow statement Content classified as Confidential. 15