Huddlestock Fintech AS · OSL:HUDL
Huddlestock Fintech AS — Q4 2023 Earnings Presentation
22 slides from Huddlestock Fintech AS's earnings presentation, Feb 22, 2024
Slide 1: Empowering Companies to Offer Modern Investment and Trading Services
Empowering Companies to Offer Modern Investment and Trading Services Q4 2023 presentation, Feb 22, 2024
Slide 2: Huddlestock Fintech
Huddlestock Fintech Øyvind Hovland Leif Arnold Thomas Chairman Group CEO 2
Slide 3: Leif Arnold Thomas new Group CEO from Febr. 1, 2024
Leif Arnold Thomas new Group CEO from Febr. 1, 2024 • Education; Master in economics and Business administration(NHH) • Professional career - Oslo Børs (Euronext) - VPS (Norwegian CSD, Euronext) - Centevo (Nordic Asset management solutions) - Dtech (SaaS solution for pension providers) - Huddlestock
Slide 4: Consolidated financials in 2023
Consolidated financials in 2023 Revenues EBITDA Recurring revenues 87.7m -16.7m 41,9m NOK NOK NOK Year over year change +88 % Year over year change -14 % Year over year change +566 % Consolidated numbers include Trac Services, Trac Technology, Dtech and Bricknode from 1. April 2023 4
Slide 5: Highlights Q4 2023
Highlights Q4 2023 • Consolidated Group revenues of MNOK 87,7 (YoY growth of + 88%) • Strong development consolidated revenue 2023 from Professional Services (Visigon) of MNOK 51, EBITDA margin of 13%. Outlook is stabile • Consolidated EBITDA margin Q4 2023 of – MNOK 8,3 (YoY +/- 0 %) • Consolidated
Slide 6: Events after Q4
Events after Q4 • New Group CFO (Morten Bernhardsen) from January 2, 2024 • New Group CEO (Leif Arnold Thomas) from February 1, 2024 • Garantum Wealth Management decided to extend their business relationship with Huddlestock, fund trading included during Feb. Confirms our value proposition • Signed
Slide 7: Key priorities going forward
Key priorities going forward Build & grow faster a pipeline based on profitable products Customer deliveries- and focus to be higher prioritized Increase internal efficiency and enhance structure Growing the Professional Services business (Visigon) Stronger focus on profitability Increas
Slide 8: Unaudited 4Q and 2023 Results
Unaudited 4Q and 2023 Results
Slide 9: Group Operating Revenues
Group Operating Revenues Group Operating Revenues (in NOK 1000) +88 % +82 % 9
Slide 10: Group Operating Costs
Group Operating Costs Group Operating Costs (NOK 1000) - Some one-off costs Q4 following aquired companies during 2023 +70 % +52 % 10
Slide 11: Group Depreciation & Amortization
Group Depreciation & Amortization Group Depreciation & Amortization (NOK 1000) - Started to amortize technology taken in use in 2023 - x-ord write downs of MNOK +241 % 18.5 in Q4 +208 % 11
Slide 12: Group EBITDA
Group EBITDA Group EBITDA (NOK 1000) - EBITDA Q4 2023 in line with Q4 2022 (YoY) -1 % -14 % 12
Slide 13: Group EBIT
Group EBIT Group EBIT (NOK 1000) - Amortization of developed technology starting used in 2023 - Amortization of goodwill from companies aquired in 2023 +108 % +140 % 13
Slide 14: Technology
Technology Technology revenues (NOK ‘000)
Slide 15: Visigon consulting revenues
Visigon consulting revenues Consulting revenues (NOK ‘000)
Slide 16: Annexes
Annexes
Slide 17: Consolidated Income Statement
Consolidated Income Statement Consolidated Income Statement (in NOK) 4Q2023 3Q2023 QoQ 4Q2022 YoY 2023 2022 YoY Other operating income 25 150 766 21 685 092 16 % 13 820 890 82 % 87 741 690 46 708 344 88 % Total operating income 25 150 766 21 685 092 16 % 13 820 890 82 % 87 741 690 46 708 344 88 % Co
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Financial Position (in NOK) 31.12.2023 31.12.2022 Consolidated Financial Position (in NOK) 31.12.2023 31.12.2022 ASSETS EQUITY Research and development 59 687 186 35 770 453 Paid-in capital Goodwill 115 224 953 52 957 680 Share capital 350 507 257 278 Technolo
Slide 19: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Consolidated Statement of Cash Flows (in NOK) 2023 2022 Profit (loss) before tax -87 539 750 -33 554 175 Depreciation and amortisation 62 776 570 18 408 001 Changes to accounts receivable 321 880 -1 965 741 Changes to accounts payable -2 644 776 6 702 237 Changes to
Slide 20: Full disclaimer
Full disclaimer This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentation is being made
Slide 21: Full disclaimer continued
Full disclaimer continued Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with respect to the con
Slide 22: Investor contact
Investor contact Leif Arnold Thomas CEO [email protected] +47 982 15 520