Enento Group Oyj · OMXHEX:ENENTO
Enento Group Oyj — Q1 2022 Earnings Presentation
40 slides from Enento Group Oyj's earnings presentation, Apr 28, 2022
Slide 1: CEO Jeanette Jäger and CFO Elina Stråhlman, 28 April 2022
CEO Jeanette Jäger and CFO Elina Stråhlman 28 April 2022 1 Enento Group Plc 28.4.2022
Slide 2: Agenda
Agenda Enento Group in brief Nordic market Increased customer loyalty in Q1 New services Q1 / 2022 ESG offering and sustainability at Enento Tambur cooperation agreement Key ratios Q1 / 2022 Outlook and guidance Q&A 2 Enento Group Plc 28.4.2022
Slide 3: Q1 / 2022 In Brief
Q1 / 2022 Enento Group Plc 28.4.2022 IN BRIEF 3
Slide 4: New opportunities for creating growth
Customer needs Explosive as growth drivers. growth of data. Changes Sustainability in regulation. needs. NEW OPPORTUNITIES FOR CREATING GROWTH. New technology and digitalization. Improving Business quality of decisions. agility. 4 Enento Group Plc 11.2.2022 Building trust in the everyday.
Slide 5: Enento Group at a glance
ENENTO GROUP 2021 LISTED ON MARKET CAPITALISATION NASDAQ 31.3.2022 647 Building trust in the everyday. HELSINKI. MEUR NET SALES ADJUSTED EBITDA In Finland we operate 31.3.2022 31.3.2022 under the brands Asiakastieto 40,7 13,5 Partners in Europe and in the Nordic region. and Emaileri, in MEUR MEUR Sw
Slide 6: We operate in a scalable and digital business with intelligence at the core
We operate in a scalable and digital business with intelligence at the core. We offer a broad selection of services that are based on our comprehensive database. Data is acquired from several public data sources, from companies themselves, from internet as well as through our own data gathering pro
Slide 7: Group Strategy
Group Strategy Strategic offering goals 2020–2023 1. Strengthen our leading position in the credit information business. WILL KEEP US ON GROWTH AND PROFITABILITY TRACK. 2. Be the first choice in data-driven business processes as a service. Net Zero emissions 3. 5–10% Become the leading provider of R
Slide 8: Nordic Market
Nordic Market We recognise a significant value add to customers from a high-quality service offering which scales across the Nordics. We aim to have the leading local offering in each country combined with the ability to create customer value through Nordic level core services. STRATEGIC AMBITION NO
Slide 9: We have multiple growth drivers to build our future growth on
We have multiple growth drivers to build our future growth on Service development and Organic growth Strategic Initiatives Selective M&A innovation • Transaction volumes • Incremental, scalable new • Strengthening leading • Acquiring businesses that • Cross-Selling services position in credit inform
Slide 10: Business Areas
Business Areas Since the beginning of April 2021, we have operated under three Business Areas instead of previous four. In addition, we have one new Functional unit – Data & Analytics. The reason behind this organisational change is to enable faster and smoother strategy implementation and emphasise
Slide 11: Increased Customer Loyalty in Q1
INCREASED CUSTOMER LOYALTY IN Q1 Enento Group Plc 28.4.2022 Building trust in the everyday.
Slide 12: Our ambition is a Superior Customer Experience for all
Our ambition is a Superior Customer Experience for all! CX STRATEGY TOOL EXECUTION TAKE Customer ACTION First A Strategic Group Target Our internal Nordic Customer Using Customer Insights for all at Enento Group is Experience Program is the and feedback from our to always put our platform and tool t
Slide 13: What do our customers say about us
What do our customers say about us ”I quickly got a friendly answer ”Your system is in ”I like to be notified when from a client manager to a principle always someone asks for my credit question that preoccopied me”. available.” information.” ”Using your services is time ”You have helpfully made you
Slide 14: Swedish Housing Transaction Service
SWEDISH HOUSING TRANSACTION SERVICE 14 Enento Group Plc 28.4.2022 Building trust in the everyday.
Slide 15: Tambur cooperation agreement with the Swedish banks
Tambur cooperation agreement with the Swedish banks As a part of Enento Group’s operations in Sweden, Enento provides a platform for supporting housing transaction processes for banks and real estate brokers under the Tambur Brand. • The platform forms part of the Company’s Digital Processes Busines
Slide 16: New Services as a Growth Driver
NEW SERVICES 16 AS A GROWTH DRIVER Enento Group Plc 28.4.2022
Slide 17: New services
New services 8 New services, % of net sales 31 New services launched Q1 / 2022 COMMENTS Share of new services was New services → launched 5,9 %. Q1-Q4 / 2021 → Eight new services launched during the third 7,4 7,6 7,4 quarter. 6,8 6,9 6,3 5,9 4,9 4,4 EXAMPLES • ESG online service (FI) • ESG Report on
Slide 18: Sustainability: ESG offering
Sustainability CUSTOMER CASE BANKS ESG OFFERING. INTEREST DRIVERS OF ESG DATA ESG CUSTOMERS BY INDUSTRY Q1 / 2022 Helps banks to better understand the Risk 2. customers’ future management debt paying capability Professional, and mitigate possible reputation risks. Public scientific and administratio
Slide 19: Nordic ESG offering
Nordic ESG offering ESG Service ESG Check Court rulings & ESG Report penalty payments Online service for ESG Check how sustainable Comprehensive reports and CO2 data reporting Skriv text här you customer/partner is from all companies ESG Platform 19 Enento Group Plc 28.4.2022
Slide 20: ESG Service
ESG Service New online service for easy and secure ESG data reporting and data collection from companies. Launch: Q1-2022 NEW! ENVIRONMENTAL DATA (inc. CO2 data) TAXONOMY DATA Q4-2022 Building trust in the everyday. 20
Slide 21: ESG Service
ESG Service FREE Online service to report your company’s ESG data NEW! Bank independent solution - report once, share with many No green washing – only verified data Easy-to-use – takes only 15min to report your data STAND OUT FROM THE COMPETITION AND GET YOUR FINANCING AND INSURANCES ON BETTER TERM
Slide 22: Enento's sustainability strategy
Enento’s sustainability strategy SUSTAINABILITY VISION WE BUILD TRUST IN THE EVERYDAY BETWEEN PEOPLE, BUSINESSES AND SOCIETY. STRATEGIC SUSTAINABILITY FOCUS AREAS We help our customers Enento Group’s Enento Group as We contribute to a more make sustainable environmental a sustainable sustainable
Slide 23: Enento's Sustainability Review 2021
Enento’s Sustainability Review 2021 Published on 4 March 2022 Enento Group’s Sustainability Review 2021 outlines the key aspects, impact and targets of the Group’s sustainability actions. Sustainability is at the core of Enento’s business. Committed towards to Net Zero emissions by 2023! Enento’s su
Slide 24: Key Ratios Q1 / 2022
KEY RATIOS Enento Group Plc 28.4.2022 Q1 / 2022 24
Slide 25: Key figures
Key figures Q1 / 2022 2021 Net sales +4,4% Net sales +5,9% 40,7 MEUR Net debt to 163,5 MEUR adjusted Adjusted EBITDA -1,3% Adjusted EBITDA +7,8% EBITDA 13,5 MEUR Q1 / 2022 2,3x 59,1 MEUR Adjusted EBITDA margin Adjusted EBITDA margin 33,3 36,2 -1,9 pp-% +0,5 pp-% % % 25 Enento Group Plc 28.4.2022 Bui
Slide 26: Overview of Q1 / 2022
Overview of Q1 / 2022 EUR million COMMENTS (unless stated otherwise) Q1 / 2022 Q1 / 2021 FY 2021 40,7 39,7 163,5 → Net sales grew 2,6 % at reported Net Sales FX rates and 4,4 % at Growth (year-on-year, comparable fx) 4,4 % 2,4 % 5,9 % comparable FX rates. → Adjusted EBITDA decreased by 2,9 % at repo
Slide 27: Net sales by quarter
Net sales by quarter COMMENTS Net sales, EUR million → Q1/2022 reported Net sales 42,1 43,1 growth continued in all 40,2 40,7 39,7 38,6 business areas. 37,6 36,7 36,7 → Successful service development investments supported the development of net sales. Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021
Slide 28: Net sales growth
Net sales growth PRO FORMA COMMENTS Net sales growth at reported FX, year-on-year, % Net sales growth at comparable FX, year-on-year, % → FX comparable growth rate 14,7 +4,4 % in Q1/2022. → In Q1/2022 the number of 11,4 banking days was higher by 10,3 one day in Finland and in 9,0 Sweden. 7,2 → New
Slide 29: Revenue by business area
Revenue by business area GROWTH AT COMPARABLE FX RATES COMMENTS +0,2% +8,1 % → Business Insight net sales grew 19,4 moderately in Q1. Premium and 19,2 Freemium services continued on a 18,1 17,1 growth path but the demand for Enterprise services for large customers continued to decline. Q1 / 2021 Q1
Slide 30: Adjusted EBITDA
Adjusted EBITDA COMMENTS 0,0 → Adjusted EBITDA affected by -0,3 reversal of work-in-progress for Tambur service EUR 0,3 million following bank consortium -0,5 announcement to exercise the option to acquire service. 1,7 → Investments in growth and service development have increased personnel and IT c
Slide 31: Free cash flow
Free cash flow COMMENTS → Cash conversion at 53,6% Free cash flow, EUR million 11,0 → Cash flow from operating activities before change in working capital decreased 9,9 10,0 compared to the comparison period. Impact of change in the net working capital 9,1 on cash flow was positive mainly due to cha
Slide 32: Key indicators
Key indicators COMMENTS EUR million (unless stated otherwise) Q1 / 2022 Q1 / 2021 FY 2021 → Cash position at EUR 31,9 million Net debt 134,5 136,8 141,6 (committed EUR 20 million facility remains fully unutilized). Net debt / adjusted EBITDA 2,3 2,5 2,4 → Cash position impacted by favourable net wor
Slide 33: Future Outlook and Guidance
FUTURE OUTLOOK AND GUIDANCE 33
Slide 34: Future outlook and guidance 2022
Future outlook and guidance 2022 Released 28 April 2022 FUTURE OUTLOOK The general macroeconomic risks are increasing due to the war in Ukraine as well as continued uncertainty from the pandemic. These developments may also have a negative impact on the demand of our services. However, the increased
Slide 35: Long term financial targets
Long term financial targets Growth 5-10 percent annual average net sales growth. Profitability Adjusted EBITDA growth rate exceeding net sales growth rate. Balance sheet structure Net debt to Adjusted EBITDA below 3x. 35 Enento Group Plc 28.4.2022
Slide 36: Financials Q1 / 2022 Summary
FINANCIALS Q1 / 2022 SUMMARY 36 Enento Group Plc 21.7.2021
Slide 37: Q1 / 2022 Income statement
Q1 / 2022 Income statement EUR million Q1 / 2022 Q1 / 2021 FY 2021 Net sales 40,7 39,7 163,5 Other operating income 0,1 0,2 0,7 Materials and services -6,8 -6,6 -27,6 Personnel expenses -10,9 -10,3 -39,7 Work performed by the entity and capitalised 1,2 1,0 3,9 Other operating expenses -11,1 -9,8 -42
Slide 38: Q1 / 2022 Cash flow
Q1 / 2022 Cash flow EUR million Q1 / 2022 Q1 / 2021 FY 2021 Cash flows from operating activities Cash flows before change in working capital 13,2 14,1 57,9 Change in working capital 0,5 -1,5 -3,3 Net interests and other financing items -0,0 -0,1 -2,1 Income taxes paid -3,0 -2,9 -8,5 Net cash from op
Slide 39: Thank you! Time for Q&A
THANK YOU! Time for Q&A 39 Enento Group Plc 28.4.2022
Slide 40: Further information Enento Group Plc
Further information Enento Group Plc Elina Stråhlman CFO +358 40 564 7877 [email protected] Pia Katila Investor Relations +358 50 347 0473 [email protected] 40 Enento Group Plc 28.4.2022