Investor Presentation • Feb 8, 2023
Investor Presentation
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Kevin Short, CEO & Jostein Hufthammer, CFO
mintra.com
10% revenue growth in eLearning H2 2022 vs. H2 2021
On the 8th February 2023, Mintra Holding AS agreed on a new finance agreement with Nordea.
The debt facility structure is:
The Board of Mintra Holding AS decided to call for an EGM. The EGM is set to take place on 6th March 2023.
We're experts in digital learning and human capital management software for safety -critical industries.
We service over 2.3 million system users and 4,000 companies operating in some of the world's most challenging environments.
Est.1997 Oslo / Norway
DIGITAL LEARNING One-stop-shop to help customers develop and deploy their workforce Develop: Digital learning products for delivering key knowledge regarding regulations, HSE, safe working and any company-specific requirements Deploy: HCM software that allows worldwide workforce management
to ensure safe, compliant, reliable
and efficient operations
HCM SOFTWARE
INCREASING SYSTEM USERS & USAGE
EXPANDING 3RD PARTY CONTENT & PARTNERSHIPS
GROWING COMPLIANCE & ACCREDITATION
* Total of all courses available to purchase from Mintra
"..a superb achievement and puts Mintra right at the forefront of business excellence as a technology provider and is an endorsement of its continued dedication to quality of service and innovation.
Ed Monk, LPI CEO
understands its core market, and is building solutions and capability to support organisational success."
David Wilson, Fosway Group CEO
''The company's expanded maritimespecific eLearning library was named as the winner of the training category at the SMART4SEA Awards.''
| ELEARNING | HCM SOFTWARE |
MINTRA | |
|---|---|---|---|
| 2,554 AVAILABLE COURSES1 |
338,406 UNIQUE USER ACCESS IN 2022 |
95% SHARE OF PREDICTABLE REVENUES2 |
|
| 33% DIGITAL SALES SHARE OF ELEARNING REVENUES3 |
254,346 USER LICENCES |
mNOK 120 ANNUALISED RECURRING REVENUES4 |
1 : Includes all courses available to purchase from Mintra
2: Based on 2022 with 48% annual recurring, and 47% Repeat purchase
3: Sales through direct channels like marketplace and mintra.com
4: Contracted Annualised monthly recurring revenue entering 2023
| mNOK | H2 2022 | H2 2021 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Revenue | 123.0 | 116.8 | 247.6 | 238.7 |
| COGS - |
14.6 - |
13.7 - |
30.7 - |
29.0 |
| Gross profit | 108.4 | 103.1 | 216.9 | 209.7 |
| Gross margin | 88% | 88% | 88% | 88% |
| Payroll - |
56.0 - |
55.9 - |
104.5 - |
111.8 |
| OPEX - |
18.8 - |
17.7 - |
37.3 - |
39.9 |
| EBITDA | 33.7 | 29.5 | 75.1 | 58.0 |
| EBITDA margin | 27% | 25% | 30% | 24% |
| Non recurring expences | 2.1 | 0.6 | 2.1 | 7.0 |
| Adjusted EBITDA margin | 29% | 26% | 31% | 27% |
| Investment in R&D Capex | 9.3 | 10.6 | 16.4 | 18.7 |
| R&D in % of revenue | 8% | 9% | 7% | 8% |
| EBITDA less R&D Capex | 24.4 | 18.9 | 58.7 | 39.3 |
| EBITDA margin less Capex | 20% | 16% | 24% | 16% |
Non recurring items relates to: 2022 Payroll expences 2021: Safebridge acquisition
Global Business Travel Forecast 2023
Global Business Travel Association & CWT
COMMERCIAL IN CONFIDENCE
24
Maritime & Coastguard Agency in the UK
www.gov.uk
Strong target markets with increasing investment in new projects and training budgets
Digital service offering ideally placed to capitalise on increasing travel costs, home working and ESG
Attractive value proposition is disrupting the market with headline contract wins paving the way for others
Actively engaged in M&A activities and evaluating businesses with growth multiplier opportunities
By receiving this company presentation (the "Presentation") or attending any meeting or oral presentation held in relation thereto, you (the "Recipient") agree to be bound by the following terms, conditions and limitations.
The information in this Presentation has been prepared by Mintra Holding AS (the "Company" or "Mintra", and together with its subsidiaries, the "Group") for information purposes only.
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