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TXT E-Solutions Interim / Quarterly Report 2015

Jun 30, 2015

4061_ip_2015-06-30_081fe672-568d-4d58-994b-5818aff6f136.pdf

Interim / Quarterly Report

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TXT e-Solutions

Corporate OverviewJuly, 1st 2015

2014: Another year of Growth

2010 – 2014: Growing EBITDA Margin & Rising the bar of Investments

R&D Investments: strengthen leadership:

  • -2010: 2,5 m€
  • -2014: 4,7 m€

Commercial Investments:foster Int'l growth:

  • -2010: 7,4 m€
  • -2014: 11,1 m€

TXT Group: Major Growth Opportunities & Emerging Opportunities

International Software Vendor

Major Growth & Profit Opportunity, throughdirect investments & acquisitions: Retail

  • • Integrated Planning & Product LifecycleManagement Software …
  • •… for Fashion, Luxury & Specialty Retailers

Emerging Opportunity: CPG & Manufacturing

  • • Sales & Operation Planning and Supply Chain Collaboration Software …
  • •… for CPG & Manufacturing Industries

Advanced System Integration

Mature Business, Int'l growth possiblethrough acquisitions: Aerospace & High-Tech

  • • Embedded Software & Simulation-basedTraining solutions …
  • •… for Aerospace, Automotive & Transport

Emerging Opportunity: Banking & Finance

  • •Independent Testing of Software …
  • •… for Banking & Finance organisations

TXT Retail – Major Growth & Profit opportunity for TXT GroupStrategy - Global leader in: Retail Planning solutions for Fashion, Luxury & Specialty Retailers: end-to-end, from collection to stores Hong-KongSoftware37% Services63%Italy13%Germany18%France20%UK & Nordics20%Other Int'l12%APAC2%Spain2% North Am. 13%

Expertise across categories & channels: Unique, Growing Customer Base of 300+

  • 15 New Major Customers in last 12 months; 50+ Go-Lives of Major Projects …
  • … across all Segments & Geographies

Omnichannel End-to-End Planning, Collection Development & Collaboration

Omnichannel End-to-End Planning, Collection Development & CollaborationIn-Season PlanningPrice, Promotion & Markdown PlanningStore Replenishment and AllocationCategory and Item OTBStore Transfers / Return to DCAssortment & PurchasingAssortmentPlanPurchase OrdersInitial-AllocationAssortment Strategy / Range PlanForecasting Category Forecasting Item Forecasting Store ForecastingSales & Buy PlanningStrategic PlanMerchandise PlanMultichannel Sales PlanPLMSamples ManagementTrend Research & DesignLine PlanningConcept/DesignIndustrialization/ SourcingSupply Chain DC Replenishment Supply Chain Visibility and Collaboration Production and Distribution Planning Mobile Catalogue Preseason OTB

Workflow Management, Performance Management, Monitoring, and Reporting

TXT Retail - Competitive Position: Leadership in the Target Markets

Recognised leader in Fashion, Luxury & Specialty Retail: a static and obsolete competitive landscape, with high barriers to entry

Strenghts according to Gartner

Cautions according to Gartner

Gartner Assessment across ALL types of merchandise

AgileFit: from SW Product to Business Best Practices Ready to Go

Committment to Innovate: 4,7 m€ invested in Product & Business Innovation

•

•Total Cost of ownership: TXT On-Cloud

• Scalability & Performance with In-memory Technology

Assortments based on Consumer Analytics

TXT Retail 2015 & Beyond - Growth Strategy & Drivers: Expand Geography

Baseline organic growth, accelerated through targeted acquisitions, sustained by continuous investments in product & business process innovation, self-financed through Profit & Cash generated by the business & growing Stockvalue

TXT Retail 2015 & Beyond - Growth Strategy & Drivers: Add Market Segments

Baseline organic growth, accelerated through targeted acquisitions, sustained by continuous investments in product & business process innovation, self-financed through Profit & Cash generated by the business & growing Stockvalue

TXT Retail 2015 & Beyond - Growth Strategy & Drivers: Add Products & Services

Baseline organic growth, accelerated through targeted acquisitions, sustained by continuous investments in product & business process innovation, self-financed through Profit & Cash generated by the business & growing Stockvalue

TXTNext - Aerospace & High Tech: The "Engineering Division" of TXT Group

Since 30 years Partner for our clients to boost their engineering capabilities

TXT Next – Aerospace & High-Tech: Strategy & Drivers

Healthy & profitable growth around the «as-is» perimeter, building on a baseline revenues stream from long-lasting relationships with core clients, and targeting International opportunities, both organically & throughAcquisitions.

TXTNext - Banking & Finance: Setting the Stage for Future Profitable Growth

  • •Approx. 6 m€ in 2014; market focus: Italy
  • •A growing customer base of mid-large Banks

  • •Long-lasting relationships with healthy clients

  • • Core Offering: Italian leadership in

  • – Independent Testing of Software: from functional & performance testing to mobile & security testing, under the push of Italian& EU regulatory requirements

–Intranet Portal & Smart Working Solutions

•TXT Retail

  • A dynamic, large & growing Global Market, a sustainable leadership position (Products, Team & Customer Base), multiple drivers of growth
  • 2014: further consolidated Europe, significantly strengthened North America (Brand recognition, Team & Customer Base) and major Product evolution(performance & scalability, usability, AgileFit)
  • 2015 (and beyond) the next step in our Global leadership journey: start-up APAC market, Cloud services, Customer Analytics, continue searching for further targeted acquisitions
  • • TXT Next – Aerospace & High-Tech
  • Highly fidelised customer base, partner of choice of all key Italian players, solid team and specialised know-how
  • 2014: refined Value Proposition, grown Customer Base in Italy and consolidated operations in UK & D, startedseraching for acquisitiontargets in Europe
  • 2015: continue developing organically and searching for targeted acquisition opportunities to accelerate internationalgrowth
  • • TXT Group: 2 opportunities to drive, from a solid starting point, upside longer-term growth
  • TXT Perform: S&OP and Supply Chain Collaboration software for CPG & Manfacturing Industries
  • TXT Next Banking & Finance: Independent Testing of Software for Banking & Finance organisations

– FINANCIAL DETAILS

Q1 2015 Financial highlights

  • Revenues: € 14.7 million (+ 4.9%)
  • TXT Perform -0.4%; TXT Next grew +13.6%,
  • Software revenues +6.3%: Service revenues +4.5%.
  • 53% of revenues from outside Italy.
  • EBIT: € 1.2 million (+2.2% compared to Q1 2014).
  • R&D investments (+10.6% compared to Q1 2014)
  • Net income: € 1.0 million, or 6.6% of revenues
  • Net Financial Position at 31.3.2015: € 12.1 million

Q1 2015 – Growth of Revenues and R&D Investments

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Dividends & Shareholder's Return in the last 4 Years

TXT Market Capitalization (m€)

Shareholding Structure – April 2015

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