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INVL Technology Investor Presentation 2021
2265_rns_2021-04-22_e3095304-3c92-426f-8177-e6dca9b2efcb.pdf
Investor Presentation
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NRD Companies 2020 results.
NRD Companies
NRD Companies is a global information technology and consulting group of companies, specializing in the governance and development of the economic digital infrastructure for Governments, Registries, Tax Administrations, Financial Institutions, Retailers and National Postal Services.
Headquartered in Norway, serve customers from Norway, Lithuania, Bangladesh, Rwanda, Uganda and Tanzania.
The Group employs more than 110 professionals and is controlled by INVL Technology UTIB.
Bangladesh
COMPANIES STRUCTURE
NRD Companies
Headquarters in
Oslo, Norway
| NRD Systems UAB
VILNIUS, LITHUANIA | 95,91% | 99% | NRD Bangladesh Ltd
DHAKA, BANGLADESH |
| --- | --- | --- | --- |
| ETRONIKA UAB
VILNIUS, LITHUANIA | 90% | 100% | Norway Registers Development
Rwanda Ltd
KIGALI, RWANDA |
| Norway Registers Development AS
OSLO, NORWAY | 100% | 70% | Norway Registers Development East
Africa Ltd
DAR ES SALAAM, TANZANIA |
| Norway Registers Development AS
Lithuanian branch
VILNIUS, LITHUANIA | | 30% | Infobank Uganda Ltd
KAMPALA, UGANDA |
Strategic Focus Areas for 2021
Accelerating technology innovations
Strengthening the global consultancy business line
Expanding the sales geography
Scaling and profitability
Through retaining and growing our professional talent base and continuing to focus on developing industry leading solutions and system integration business streams.
Through expanding our subject competencies in National ID, Civil, Business Registries and Tax Administration.
Through continued partnerships with Global Governance Consultancy and the FinTech market leaders.
Accelerate business growth and efficiency gains through a unified Group approach to achieve and beat the expected industry Compound Annual Growth Rate (CAGR) of 7-14% over the next 5 years.
NRD Companies
Sustainability
We embrace the United Nations and World Bank Sustainability Initiatives through our contribution to:
- Enabling the business environment & job creation
- Increasing the efficiency of government services
- Facilitating financial inclusion and access to finances
- Supporting domestic resource mobilisation
- Improving the accessibility of social and business services
- Facilitating environmental sustainability
- Securing the digital environment
SUNRID Companies
Global Footprint
NRD Companies implement products and projects in more than 50 countries worldwide.
NRD Companies
Solutions and products
Consultancy
Doing Business Reforms, Public Sector Reforms, National ID, Digital ID, Civil Registration, Digital Banking, E-service delivery.
ETRONIKA UAB
VILNIUS, LITHUANIA
etronika
NRD Systems UAB
VILNIUS, LITHUANIA
NRD Companies
Norway Registers Development AS
OSLO, NORWAY
NRD Companies
NRD Bangladesh Ltd
DHAKA, BANGLADESH
NRD Companies
Norway Registers Development Rwanda Ltd
KIGALI, RWANDA
NRD Companies
Public Sector Solutions
BUSREG - internationally proven company / legal entity registration platform. The platform offers not only a fast solution to the customer, but it can also be easily adapted to the needs of different countries. It improves the accessibility and efficiency of services for businesses and investors.
GxP - Customer-centric public e-service delivery platform. The platform is a tool for governments to proactively support citizens and businesses with e-services throughout their customer. It addresses issues of inter-institutional integrity and allows institutions to independently provide e-services to citizens. GxP provides data-driven insights to transform public e-services in response to changing citizens' needs and patterns of behaviour
VFDMS - Virtual Fiscal Device Management System is a new generation online cash register management solution. It addresses the latest VAT tax collection challenges that Tax Authorities face and improves tax revenue collection and reduces informal economy with no burden to businesses.
Financial and Retail Solutions
DIGITAL LOANS - is a platform for SME and Retail loans used by banks and other financial services providers to increase their loan portfolio in a shorter time, keep the lending management and related costs under control and excel in their operational risk management.
Banktron – an award-winning secure and intuitive digital banking platform. It is easily integrated with the latest FinTech solutions.
KASU RETAIL – An omnichannel solution to manage and accelerate retail business.
Projects
Consultancy
- Senegal: Civil registration system (2019-2020) - done
- Guyana: E-public service delivery infrastructure assessment (2020-2021)
- Kenya: Collateral registry assessment and maintenance (2020-2021)
- Eastern Caribbean States: Unique ID infrastructure assessment (2020-2021) - done
- Samoa: Civil Registry and National ID infrastructure assessment (2020-2021)
- Uganda: Digital transformation plan for the creation of microfinancing (2020) - done
- Zanzibar: Consultancy services for a business registry system expansion (2020-2021)
- Palestine: Legal, Institutional, Business Process and ICT Assessment for Automated Business Registry System at the Ministry of National Economy in Palestine (2021) – in progress
Solutions implemented
- Zanzibar: VFD - Virtual fiscal device management system (2019-2021)
- Cayman Islands: E-registry system creations (2018-2021)
- Anguilla: BUSREG implementation (2020-2021).
- Barbados: GxP - Public e-service delivery platform implementation (2020-2021)
- Latvia: Digital banking platform for Baltic International Bank (2018-2020)
- Northern Macedonia eGovernment project in Northern Macedonia (2020 - 2021)
- Kyrgyzstan: Kyrgyz Post development and implementation (2018-2021)
- Lithuania:
- Insurance policies management system - Beesure (2019-2020)
- Implementation of Leasing processes using DIGITAL Loans at Siauliu Bank. (2020)
Support & maintenance services
- Uganda:
- BUSREG maintenance (2019-2020-2021)
- Investor e-registry system maintenance (2020-2021)
- Zanzibar:
- Civil registry support and maintenance (2020-2021)
- Business registry system maintenance (2020-2021)
- Lithuania:
- E-customs system maintenance (ongoing)
- National E-registry system maintenance services (finished)
- VAT collection system development works (new)
- Digital banking migration, implementation/changes related to Open banking and improvement of Retail loan origination platform for Luminor Bank (finished)
- Enhancement of Insurance startup platform to support different partnership scenarios for Beesure (2020)
- COVID-19 loan origination process for Siauliu Bank.
- LSAF-T Subsystem Implementation Services State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania
- Mauritius:
- BUSREG support and maintenance (2020-2021)
- E-registry system monitoring services (2020-2021)
- E-registry migration services (2021) – done
Subcontracting
- Kenya: Cyber security (2019-2021)
- Ecuador: Cyber security (2019-2021)
- Egypt: Cyber security (2019-2021)
- Bangladesh: Cyber security (2018-2021)
- New Caledonia: Cyber security (2020-2021)
- Bhutan: Advisory Support for the IT Audit of PFM Information Systems (2020-2021)
- Botswana: Technical assistance to SADC Secretariat for cybersecurity risk assessment and threat mitigation (2021)
Visibility & Recognition
NRD Companies
Webinars and Conferences
Hosted events
- April 29 Webinar hosted by ETRONIKA AND W.UP. "Reimagining Digital Banking During and After COVID-19"
- May 28 Webinar "Catalysing Local Economic Recovery"
- July 14 Webinar "How to Easily Climb Up in Business Rankings"
- July 21-22, Two-day webinar "Digital Identity Management System" for the Samoa Government, businesses and citizen communities
- August 27 "Single Unique OECS ID: what does it take?"
- September 17 "What does it take to introduce Digital ID in the country and what are the gains?"
Participated
- March 5-6 Prague. "LendingUP 2020" - sponsor, booth and speaker
- May 18-20 "E-Governance Conference" - virtual booth
- June 15-18 Conference "FinTech Week Lithuania" - virtual booth, speaker in a panel discussion and networking
- June 10 "FinTech Talents Virtual Spring 2020"
- August 5 "FinTech Junction Summer 2020" - virtual event, networking and pitches
- PARCEL+POST EXPO Virtual 'Live' Conference
Awards
National representatives for selecting the best solutions for the WORLD SUMMIT AWARDS WSA and awarded "Personal Income Tax Return Wizard" as
"THE BEST SOLUTION FOR THE COUNTRY" and
"THE FAVOURITE OF THE PUBLIC"
The competition was organised by the Information Society Development Committee together with the Communications Regulatory Authority of the Republic of Lithuania.
Financial Results
NRD Companies
NRD Companies aggregated income according countries (Thousand. EUR)
2019 Y AGGREGATED INCOME ACCORDING COUNTRIES
2020 Y. AGGREGATED INCOME ACCORDING COUNTRIES
| Thousand. EUR | 2019 Y. | 2020 Y. | Difference |
|---|---|---|---|
| Lithuania | 2 736 | 2 295 | (441) |
| Other countries | 4 859 | 6 352 | 1 493 |
| Total | 7 595 | 8 647 | 1 052 |
NRD Companies
NRD Companies key financial indicators
Aggregated income
Aggregated EBITDA
| Thousand, EUR | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Aggregated income | 6 809 | 8 172 | 7 918 | 7 595 | 8 647 |
| Aggregated EBITDA* | (42) | 565 | 448 | 171 | 604 |
- From 2019 IFRS 16 was adopted, which affected the amount of EBITDA, therefore the EBITDA for the periods 2016-2018 and 2019-2020 is not directly comparable..
NRD Companies
Key profit (loss) items (Thousand. EUR)²
| NRD Companies | ||||||||
|---|---|---|---|---|---|---|---|---|
| Norway Registers Development AS³ | NRD Systems² | Etronika³ | ||||||
| 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | |
| Revenue | 6,597 | 6,989 | 3,127 | 4,247 | 1,994 | 2,430 | 2,360 | 1,926 |
| Gross profit | 2,031 | 2,603 | 850 | 1,216 | 354 | 906 | 955 | 618 |
| EBITDA | 166 | 602 | 126 | 144 | (179) | 342 | 349 | 131 |
| EBIT | (68) | 324 | 121 | 136 | (273) | 235 | 253 | 6 |
| Net Profit (Loss) | (119) | 152 | 102 | 68 | (288) | 152 | 193 | (26) |
2 Unaudited consolidated results of NRD Companies are presented.
3 The results of Etronika UAB and NRD Systems UAB and Norway Registers Development AS are included into results of NRD Companies. The audit of standalone financial statements of Norway Registers Development AS are in progress. The presented standalone results of Etronika UAB and NRD Systems UAB are audited.
NRD Companies
Key profit (loss) items (Thousand. EUR)²
| "NRD Companies" | ||||||||
|---|---|---|---|---|---|---|---|---|
| Norway Registers Development AS³ | NRD Systems⁴ | Etronika³ | ||||||
| 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | |
| Tangible assets | 434 | 259 | 14 | 9 | 246 | 142 | 171 | 106 |
| Intangible assets | 370 | 220 | 15 | 14 | 2 | 1 | 281 | 171 |
| Other non-current assets | 77 | 343 | - | 307 | 57 | 14 | 21 | 23 |
| Current assets | 5,079 | 6,293 | 3,057 | 4,107 | 1,244 | 2,075 | 1,396 | 1,175 |
| of which cash | 478 | 927 | 65 | 67 | 273 | 534 | 107 | 218 |
| Total assets | 5,960 | 7,115 | 3,086 | 4,437 | 1,549 | 2,232 | 1,869 | 1,475 |
| Equity | 1,417 | 1,635 | 682 | 701 | 217 | 369 | 628 | 602 |
| Non-current liabilities | 460 | 558 | - | - | 135 | 215 | 314 | 338 |
| Of which financial debt | 395 | 277 | - | - | 135 | 215 | 260 | 62 |
| Current liabilities | 4,083 | 4,923 | 2,404 | 3,736 | 1,197 | 1,649 | 927 | 535 |
| of which financial debt | 1,288 | 782 | 676 | 490 | 359 | 244 | 362 | 48 |
| Total liabilities and equity | 5,960 | 7 115 | 3,086 | 4,437 | 1,549 | 2,232 | 1,869 | 1,475 |
2 Unaudited consolidated results of NRD Companies are presented.
3 The results of Etronika UAB and NRD Systems UAB and Norway Registers Development AS are included into results of NRD Companies. The audit of standalone financial statements of Norway Registers Development AS are in progress. The presented standalone results of Etronika UAB and NRD Systems UAB are audited.
NRD Companies
NRD Companies income according business sectors and by countries of operation
Business sectors 2018
Business sectors 2019
Business sectors 2020
■ Registers (business, civil) ■ Government ■ Tax administration ■ Finance ■ Retail
COUNTRIES OF OPERATION
Revenue in the area of national tax administration systems, civil and business registers have grown significantly over the last three years. The geography of projects has expanded.
NRD Companies
Thank you
www.nrdcompanies.com
[email protected]
NRD Companies