Sirma Group Holding Jsc · BSESOF:SIRM
Sirma Group Holding Jsc — Sirma Group Holding — Investor Presentation (November 2018)
24 slides from Sirma Group Holding Jsc's investor presentation, November 2018
Slide 1: Capital Raise Investment Presentation
CAPITAL RAISE INVESTMENT PRESENTATION Private & Confidential | NOV EMB E R 2 0 1 8
Slide 2: Highlights
Highlights THE BIGGEST BULGARIAN IT COMPANY, BOASTING A DOMINANT POSITION IN THE REGION AND DEVELOPING SALES CAPACITY IN EUROPE AND NORTH AMERICA TO PROVIDE A WIDE RANGE OF IT SERVICES, INNOVATIVE AI TECH AND A DIVERSIFIED PRODUCT PORTFOLIO IS LOOKING TO RAISE EUR 20M ON THE BULGARIAN STOCK EXCHANGE
Slide 3: Key Points
Key Points OVERVIEW STRATEGIC FOCUS SIRMA GROUP IS A DIVERSIFIED IT HOLDING PROVIDING A WIDE RANGE OF SIRMA GROUP IS LOOKING TO RAISE EUR 20M TO FINANCE ITS SOLUTIONS, PRODUCTS AND SERVICES TO ITS CLIENTS STRATEGIC INITIATIVES, WHICH WILL SEEK TO ACCELERATE GROWTH AND IMPROVE PROFITABILITY BY Spec
Slide 4: The Offering
The Offering ISSUER SIRMA GROUP HOLDING AD Industry Information technology Listing Bulgarian Stock Exchange Ticker SKK Current equity EUR 43.33m Issued shares 59 360 518 Free float 60% Market cap / price per share EUR 27.62m / EUR 0.47 Issue size Up to 39 573 678 shares / EUR 20m Minimum subscriptio
Slide 5: Use of funds
Use of funds CLEAR 3 PILLAR USE OF FUNDS PLAN TARGETING 1) EXPANDING FUNCTIONALITY AND BRINGING DEVELOPED TECH TO MARKET; 2) SECURING OWNERSHIP OF SEMANTICS KNOW-HOW; 3) INCREASING THE SALES AND MARKETING CAPACITY TO CASH IN ON MARKET LEADING INNOVATION. Target fundraising: EUR 20m Software developm
Slide 6: Historical performance
Historical performance PROFIT AND LOSS STATEMENT BALANCE SHEET 2015 2016 2017 9m 2017 9m 2018 2015 2016 2017 9m 2018 Non-current assets €38.57m €45.74m €56.56m €57.9m €26.61 €17.37m €21.26m €19.0m €22.9m €18.83m €15.61m €11.21m €14.4m Revenue m Current assets €10.61 Equity* €38.06m €39.49m €41.53m €
Slide 7: Revenue breakdown
Revenue breakdown REVENUE BY SEGMENT H1 2018 REVENUE BY ORIGIN AND ACTIVE SEGMENT 2015 2016 2017 9M 2017 9M 2018 Bulgaria Cognitive Core/SENPAI €1.93m €1.93m €2.69m €1.06m €1.19m Core | Cross Industry | Industrial solutions | Retail | Finance | Market Intelligence and Publishing Cross Industry €10.0
Slide 8: Financial forecast
Financial forecast in EUR '000 2018 2019 2020 2021 2022 Key Assumptions Revenue per segment - Management push to Market Intelligence and Publishing 2 579 3 353 4 846 6 300 8 191 develop high margin, Cross Industry 19 105 23 021 29 427 38 843 50 496 Finance 4 033 5 081 6 612 8 332 10 581 recurring re
Slide 9: Shareholder structure
Shareholder structure HIGHLIGHTS SHAREHOLDER STRUCTURE No single shareholder controls more than 10% of the stock; 59 360 518 issued shares Members of the Board of Directors and founders of the company are the largest individual shareholders; shares held by individual The BoD collectively owns
Slide 10: The market
The market AI MARKET LOCAL MARKET Sirma seeks to integrate accumulated AI and semantic tech Bulgarian business is still less digitalized compared know-how into its portfolio to increase sales and pricing with western peers potential. Management believes global investment to add AI Spending on IT
Slide 11: Peers
Peers Mkt Cap BF Name (EURbn) BF P/S BF P/E EV/EBITDA BF P/BV Sirma is attractively priced EUROPE relative to peers in both Europe and the US Atos SE 7.86 0.6 7.7 4.2 1.6 Capgemini SE 17.54 1.3 15.6 9.8 2.5 Sirma Group trading Sopra Steria Group 1.85 0.4 8.4 6.5 1.5 multiples Computacenter PLC 1.44
Slide 12: Over 10 years of experience
Over 10 years of experience Sirma Group Holding was established to combine individual companies and projects under the umbrella of a holding company. The history of the group starts in 1992, when a small team of IT experts founded a company to develop AI based software. 26 years later the group has
Slide 13: Divisions: Core / SENPAI
Divisions CORE / SENPAI €3,0m 100% SENPAI incorporates the key semantic and IT technologies of the Group. 90% The main technologies, which this segment includes are: GraphDB, Text €2,5m 80% and Data Management, Sirma Enterprise Interactive Platform, Computer 70% Vision and Knowledge and Marketing Cl
Slide 14: Divisions: Finance and Cross Industry
Divisions FINANCE CROSS INDUSTRY €4,0m 35% €20m 70% €17m €3,5m 30% 31% 30% 60% €3,0m €14m 25% 25% €15m €13m 50% 24% €2,5m €11m 20% €10m 40% €2,0m €10m 16% Revenue and 15% 30% Revenue and €1,5m 10% 23% 20% €1,0m €5m 17% 18% 17% EBITDA 14% EBITDA €0,5m 5% 10% €1,9m €2,4m €3,2m €2,4m €3,7m €0,0m 0% €0m
Slide 15: Divisions: Market Intelligence and Industrial Solutions
Divisions MARKET INTELLIGENCE AND PUBLISHING INDUSTRIAL SOLUTIONS €3,0m 90% €1,8m 70% 80% €1,6m 60% €2,5m 75% €2,1m 69% 70% €1,4m 50% €2,0m 60% €1,2m 50% €1,0m 40% €1,5m 40% €0,8m 31% 30% Revenue and 30% 30% Revenue and €1,0m 31% 28% 30% €0,6m 21% 19% 20% 20% €0,4m EBITDA €0,5m EBITDA 10% €0,2m 10%
Slide 16: Divisions: Healthcare & Life Sciences, Retail & Utility
Divisions HEALTHCARE & LIFE SCIENCES RETAIL & UTILITY €0,3m €0,8m 100% €0,2m €0,7m 80% €0,6m €0,2m €0,5m 60% €0,4m €0,1m €0,3m 40% Revenue Revenue €0,1m €0,2m 20% €0,1m €0,2m €0,1m €0,2m €0,2m €0,1m €0,05m €0,04m €0,0m €0.4m €0.7m €0.5m €0,0m 0% 2015 2016 2017 9m 2017 9m 2018 2015 2016 2017 9m 2017
Slide 17: Human Resources Strategy
Human Resources Strategy HIGHLIGHTS TEAM GROWTH FORECAST The group has 350+ employees, mostly highly qualified The ambitious goals of Sirma would require a continued IT experts; expansion of the team, which is to be achieved through the The HR strategy involves development of long term group’s H
Slide 18: Key products: Ontotext platform
Key products: Ontotext platform ONTOTEXT PLATFORM IS A COGNITIVE CONTENT ANALYTICS TECHNOLOGY. THE PLATFORM PROVIDES SEMANTIC SEARCH, EXPLORATION, CATEGORIZATION AND RECOMMENDATION AS WELL AS DEEP ANALYTICS. Functionality Semantic tagging; Content recommendation; Content classification; Know
Slide 19: Key products: Diabetes:M
Key products: Diabetes:M DIABETES:M IS ONE OF THE BEST WAYS TO KEEP TRACK OF AND MANAGE DIABETES. Functionality Logbook; Bolus Calculator; Food Database; Detailed Graphs; Analytical Charts; Data import/export; Reminders. www.diabetes-m.com 19
Slide 20: Key products: Loyax
Key products: Loyax A PLATFORM FOR BUILDING LOYALTY PROGRAMS AND GROWING BUSINESS Functionality Customizable rewards; Customer insights; Marketing campaigns; Mobile loyalty app; Referral programs; Customer tiering. www.loyax.com 20
Slide 21: Key products: Museum space
Key products: Museum space AN END-TO-END MUSEUM MANAGEMENT SOFTWARE SUITE DEVELOPED TO HELP GALLERIES, LIBRARIES, ARCHIVES, AND MUSEUMS BECOME MORE ACCESSIBLE TO AND MEANINGFUL. Functionality Collection Management Conservation Management Image annotation Exhibition Management Acquisition
Slide 22: Key products: packGate
Key products: packGate INNOVATIVE NEW CLOUD BASED PACKAGE DESIGN SUITE, ALLOWING EASY COMMUNICATION BETWEEN CLIENT AND MANUFACTURER packgate.engview.com 22
Slide 23: Contacts
Contacts Sirma Group Holding First Financial Brokerage House Tsvetan Alexiev Stoian Nikolov CEO General Manager [email protected] +359 888 619 325 [email protected] Radka Peneva Nadejda Dafinkicheva CFO General Manager [email protected] +359 882 02 41 38 [email protected] 23
Slide 24: Disclaimer
Disclaimer This presentation is in relation to the initial public offering (the “IPO") of Sirma Group Holding AD(“the Company“). Neither this presentation nor any copy of it may be taken or transmitted into, or distributed, directly or indirectly in, the United States of America or its territories o
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