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StrongPoint Earnings Release 2020
3767_rns_2020-10-22_9d5cdf3f-59c0-465a-8485-b21a6c978487.pdf
Earnings Release
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Q3 2020
CEO Jacob Tveraabak CFO Hilde Horn Gilen October 22, 2020
Agenda
- Intro
- Highlights Q3 2020
- Other key financial figures
Our WHY statement
We work at StrongPoint because we know that every retailer will get a smarter shop, and every end-customer will get a better shopping experience with our solutions.
In a shop or online.
This will give more time, lower prices, better service, fresher products, and ultimately we all get a better and smarter life
"Retail technology in every shopping experience for a smarter and better life"
Strong market fundamentals providing a "double opportunity" for StrongPoint
E-COMMERCE
Retailers' needs
1. In-store: Pressure on brick & mortar retailers' margin
Opportunity for StrongPoint
Technology solutions in-store to improve retailers' productivity, provide safe shopping and hence uphold margins
2. E-commerce: Pressure to develop online presence
World-class e-commerce solutions for picking and delivery
In-store: Well positioned to provide technology solutions
Self checkout*
Electronic Shelf Labels (Pricer)
Vensafe*
Workforce management system (Reflexis)
Cash management*
Pick & Collect*
Click & Collect lockers*
*StrongPoint's proprietary technologies
E-commerce: StrongPoint's e-commerce logistics solutions serves the full logistics value chain
Highlights Q3 2020
Highlights Q3 2020
Continued sales success in priority areas
Steady progress on key pillars of 2025 strategic ambitions
Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20
rd quarter revenue: strong top line growth
rd quarter revenue in BAs: growth in all Business Areas
Revenue MNOK
A balanced solutions portfolio 1
Relative share of revenue per segment Percent
Retail Technology
In-store productivity
Payment Solutions
E-commerce Logistics
Labels
Note: Roundings may make total different than 100%
Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20
rd quarter profitability : Increased EBITDA in all BAs
EBITDA MNOK
Continued sales success in priority areas
- Order of Pricer ESL for NorgesGruppen estimated at ~70 MNOK
- Click & Collect delivered to key markets, and several proof of concepts progressing
- Continued strong demand internationally for our e-commerce picking solution
3
Steady progress on key pillars of 2025 strategic ambitions
- Proven operational leverage in Norway, Sweden and the Baltics
- Initial delivery on required supporting elements of Strategy 2025, incl. recruitment of sales and marketing resources and implementation of CRM system
- Proposed dividend for 2019 at Extraordinary General Meeting October 22, 2020
"Retail technology in every shopping experience for a smarter and better life"
2025 ambitions
1Organic growth ambition 2Norway, Sweden, the Baltics and Spain 3Cash Management solutions in e.g., Italy and Greece, and E-commerce solutions globally 4The Nordics and the Baltics
Other key financial figures
Earnings per share (EPS) improved in Q3
EPS per quarter NOK per share
* EPS adjusted for amortisation of intangible assets, mainly from M&A
Cash Flow effects YTD
Decrease in Net leverage to 1.06x rolling 12 months EBITDA Solid financial position
* Net Interest Bearing Debt / Rolling 12 EBITDA
Dividend for 2019 to be decided in Extraordinary General Meeting at 0900 CET 22 October 2020
Dividend NOK per share
- Historic view: year-on-year slightly positive trend
- Confirmed ambition at the Strategy Update Session 2020
* Proposed dividend to EGM
Financial calendar 2021
Q4 2020 – 11.02
Q1 2021 – 28.04
Q2 2021 – 14.07
Q3 2021 – 21.10
Strategy Update Session: February 11, 2021 Annual General Meeting: April 28, 2021 Location to be announced
IR-contact:
CFO Hilde Horn Gilen [email protected] +47 920 60 158
