Proact It Group Ab · OMXSTO:PACT
Proact It Group Ab — Q2 2014 Earnings Presentation
19 slides from Proact It Group Ab's earnings presentation, 2014
Slide 1: Q2 2014
Q2 2014 Martin Ödman CEO
Slide 2: The second quarter in brief
The second quarter in brief Improved profitability by 71 % Solidity equals to 20 % Positive development of the cash flow
Slide 3: The second quarter in brief, cont'd
The second quarter in brief, cont’d
Slide 4: The second quarter in brief, cont'd
The second quarter in brief, cont’d The total income in the quarter increased by 4 % compared with the same period last year » Revenue increased by 1 % adjusted for currency effects EBITDA amounted to SEK 34.6 (16.5) million » Adjusted for non-recurring items in second quarter of 2013 in the amo
Slide 5: The second quarter in brief, cont'd
The second quarter in brief, cont’d Services revenues increased to 207 (185) MSEK » An increase by 7 % adjusted for currency effects Cloud services revenues increased by 42 % compared with the same period last year System sales revenues remained unchanged » A decrease by 3 % adjusted for curre
Slide 6: Market trends
Market trends More companies and authorities want to ensure that their IT infrastructure meet the requirements defined by their business operations in the most effective way possible New technical fields such as integrated systems* continuing their positive development in the market, *growing ab
Slide 7: Events during the quarter
Events during the quarter Proact awarded framework contract with HINAS in Norway » The agreement comes into force 1 June 2014 and will run for two years initially, with an option to extend for a further two years » The total contract value the contract is estimated to around NOK 200-300 million pe
Slide 8: Events during the quarter cont'd
Events during the quarter cont’d Proact supplies integrated system concept to IST in Sweden » This new solution will give IST the possibility to create internal cloud services which will be offered securely and flexibly to the customers » The contract also includes Proact Premium Support, which ov
Slide 9: Financial report January – June 2014
FINANCIAL REPORT January – June 2014
Slide 10: Income statement January – June 2014
Income statement January – June 2014 (MSEK) Jan-Jun Jan-Jun Revenue 2014 2013 Growth 4% System Sales 755.4 742.7 Currency adjusted 1% Services 406.7 377.7 Other 2.8 2.6 Growth system sales 2% Revenue 1 164.9 1 123.0 Currency adjusted -1 % Products and services -875.5 -853.2 Growth services 8% Gross
Slide 11: Income statement April – June 2014
Income statement April – June 2014 (MSEK) Apr-Jun Apr-Jun Revenue 2014 2013 Growth 4% System Sales 364.5 364.3 Currency adjusted 1% Services 207.4 185.4 Other 1.2 0.8 Growth system sales 0% Revenue 573.1 550.5 Currency adjusted -3 % Products and services -424.1 -415.1 Growth services 12 % Gross prof
Slide 12: Income statement 12 months
Income statement 12 months (MSEK) Jul-Jun Jul-Jun 2013/2014 2012/2013 System Sales 1 558.2 1 538.2 Services 783.1 781.1 Other 5.4 2.9 Revenue 2 346.7 2 322.2 Jul- Jul- Jul- Jul- Jun Jun Jun Jun Products and services -1 774.5 -1 759.0 2013/ 2013/ 2012/ 2012/ Gross profit 572.2 563.2 2014 2014 2013 20
Slide 13: Revenue per industry
Revenue per industry 12 months Jul-Jun 2013/2014
Slide 14: Cash flow January – June 2014
Cash flow January – June 2014 Liquid Funds December 31, 2013 44 Cash-flow from current operations 103 Current operations 57 Change in working capital 46 Cash-flow from investment activities -42 Fixed assets -35 Acquisitions -7 Cash-flow from financial activities -35 Bank overdraft facilities -6 Cont
Slide 15: Cash flow April – June 2014
Cash flow April – June 2014 Liquid Funds March 31, 2014 55 Cash-flow from current operations 52 Current operations 30 Change in working capital 22 Cash-flow from investment activities -15 Fixed assets -15 Cash-flow from financial activities -20 Bank overdraft facilities 2 Contract financing 3 Bank l
Slide 16: Key ratios – Balance sheet
Key ratios – Balance sheet (MSEK) 2014 2014 2013 2013 Jun 30 Mar 31 Dec 31 Jun 30 Total Assets 1 292 1 337 1 439 1 301 whereof Goodwill 271 261 258 255 whereof Intangible fixed assets 125 124 127 130 whereof Accounts receivables 345 441 556 404 Equity 260 256 243 223 Solidity 20 % 19 % 17 % 17 % Cas
Slide 17: Revenue and adj. profit before tax per Business Unit
Revenue and adj. profit before tax per Business Unit January – June January – June 2014 2013 (MSEK) Revenue Adj. Net Revenue Adj. Net P.b.t margin P.b.t margin Nordics 644 28.9 4.5% 619 16.1 2.6% UK 266 1.2 0.5% 263 5.6 2.1% BeNeLux & Spain 195 7.7 3.9% 175 2.1 1.2% East 60 1.6 2.7% 62 1.8 2.9% Proa
Slide 18: Revenue and adj. profit before tax per Business Unit
Revenue and adj. profit before tax per Business Unit April – June April – June 2014 2013 (MSEK) Revenue Adj. Net Revenue Adj. Net P.b.t margin P.b.t margin Nordics 331 14.6 4.4% 323 12.5 3.9% UK 121 0.8 0.7% 114 1.5 1.3% BeNeLux & Spain 99 3.7 3.7% 89 1.5 1.7% East 28 1.1 3.9% 27 0.8 3.0% Proact Fin
Slide 19: Proact share – Top owners 2014-06-30
Proact share – Top 10 owners 2014-06-30 2014 2014 30 June 31 March LivförsäkringsAB Skandia 15.2 % 15.2 % Lannebo Micro Cap. 7.5 % 7.4 % Svolder Aktiebolag 7.2 % 7.2 % IGC Industrial Growth Company AB 5.9 % 5.9 % Swedbank Robur Småbolagsfond Sverige 5.4 % 5.4 % Lannebo Micro Cap. II 4.6 % 4.5 % Fjär