Arribatec Group ASA · OSL:ARR
Arribatec Group ASA — Q1 2024 Earnings Presentation
19 slides from Arribatec Group ASA's earnings presentation, Apr 30, 2024
Slide 1: Quarterly presentation Q1 2024
Quarterly presentation Q1 2024 Geir Johansen, CEO
Slide 2: Highlights Q1
Highlights Q1^ ⁃ Quarterly revenue of NOK 145m (150m) and -3.3% change compared to Q1 last year ⁃ Easter 2024 occurred in Q1 vs Q2 in 2023 ⁃ 4 of 5 business areas show positive EBITDA ⁃ EBITDA at break-even for Q1, a reduction of NOK 5.5 compared to a year ago ⁃ Adjusted EBITDA NOK 1.1m ⁃ NOK 39 (40
Slide 3: Revenue and EBITDA
Revenue and EBITDA Revenue Recurring EBITDA NOK 145m (150m) NOK 60m (51m) NOK 0.0m (5.3m) -3.3% qrt/qrt +18% qrt/qrt Margin 0.0% 41% of total revenue Adj. EBITDA 1.1m (n.a.) NORWAY EUROPE R.O.W. Revenue NOK 101 (93m) Revenue NOK 22m (28m) Revenue NOK 6m (11m) +9% qrt/qrt -21% qrt/qrt -52% qrt/qrt 70
Slide 4: Offices around the globe
17 373+ 1700+ Offices around Employees across Clients across the globe business areas* industries 4 * Includes long term hired in consultants
Slide 5: Arribatec's five business areas
~190 pax Arribatec’s five business areas ^ Business Services 47% 19% 23% ~70 pax EA & BPM 8% 5% Cloud ~55 pax Marine Hospitality ~34 pax ~15 pax 5
Slide 6: Products & services
Products & services ^ Business Services EA & BPM Cloud Hospitality ERP Management systems • IT outsourcing Digital hotel solutions • Consulting & advisory • Consulting & advisory • Hybrid & public cloud • Self-service kiosks with own IP for check in/out and payment • Implementations • Implementation
Slide 7: Q1-24 performance per business areas vs. Q1-23
Q1-24 performance per business areas vs. Q1-23 BizS EA-BPM Cloud -16% 11.7% -7.0 % 2.5% 10.0% 9.2% Revenue Growth EBITDA margin Revenue Growth EBITDA margin Revenue Growth EBITDA margin 70m* 8.1m** 27.6m* 0.7m** 35.0m* 3.3m** Revenue EBITDA Revenue EBITDA Revenue EBITDA HspT Marine 628% -23% 17,6% 2
Slide 8: Revenue development for each BA per quarter
Revenue development for each BA per quarter ^ Total 37% 38% 37% 35% 34% 35% 41% 38% 41% recurring % Outside 38% 40% 41% 40% 38% 39% 33% 30% 38% Norway 150m 148m 143m 145m Total revenue 126m 141m 150 148 132m 143 145 120m 9 127 118m 140 13 11 132 13 120 8 2 7 13 118 1 6 Marine 1 13 32 13 1 13 32 2 Hs
Slide 9: BA Business Services – Region Nordics performs well
BA Business Services – Region Nordics performs well NORDICS Total revenue • Nordics delivered highest revenue ever at 39m, and 83 76 a record EBITDA margin in Q1-24 of 21% 70 70 Nordic 38 64 • Easter 2024 in Q1 vs Q2 in 2023, impact revenue by 35 NOK 5-6m Sweden Americas 37 30 39 UK • New software p
Slide 10: Hospitality update
Hospitality update Status update 4 Revenue components for hotel kiosks • 61 hotels signed up and 97 kiosks installed 1. Hotel kiosks have an annual recurring revenue component consisting of license, support and notifications averaging approx. NOK 70- • Currently present in Norway, Sweden, Denmark, B
Slide 11: Sales - new contracts and scope extensions
Sales - new contracts and scope extensions ^ Q4: 430 contracts for a total value of NOK 138 million (191m in Q1-23) -28% 220 215 90 87 200 191 80 76 180 70 160 NOK mill. NOK mill. 135 138 60 55 140 128 121 120 50 41 100 93 40 86 80 63 30 25 60 21 20 18 17 40 20 10 5 6 0 0 Q1-22 Q2-22 Q3-22 Q4-22 Q1-
Slide 12: Cash flow development
Cash flow development ^ Stable cash position at NOK 40m at the end of each quarter • Net cash flow from operation was NOK +24m for Q1 2024. • Net cash flow from investing activities was NOK -10.4m in Q1. Main component is payment for earn out to sellers of Integra at NOK 7.5m.. • Net cash flow from
Slide 13: Balance sheet development
Balance sheet development ^ Liabilities & Equity Assets 526 526 501 501 Equity Goodwill Non/current Intangibles Current Other non-current 208 Other current 256 207 Trade receivables 262 NOK mill. Cash 64 53 53 50 66 73 47 39 217 189 91 103 39 40 y.e.2023 Q4-2023 Q1-24 y.e 2023 13
Slide 14: Outlook
Outlook ^ • Robust demand for cloud services will drive growth for our cloud- and managed IT-services • Cloud migrations and related digital transformation projects are expected to increase • Hospitality to grow significantly over next quarters – building SaaS revenue base – consulting for Flytoget
Slide 15: Arribatec. we simplify complexity
Arribatec. we simplify complexity
Slide 16: Condensed consolidated statements of profit and loss
Condensed consolidated statements of profit and loss 16
Slide 17: Consolidated statements of financial position
Consolidated statements of financial position 17
Slide 18: Consolidated statements of changes in equity
Consolidated statements of changes in equity 18
Slide 19: Consolidated cash flow statement
Consolidated cash flow statement 19