Full steam ahead
Investor presentation financial year 2023
Highlights 2023
Leap in order intake
Strong revenues growth
Two technology acquisitions
Order intake
€504.8m
+24.7% vs. '22
EBIT
€26.6m
+1.7m vs. '22
Orders on hand
€594.7m
+13.9% vs. Dec'22
Equity ratio
41.9%
Revenues
€427.5m
+10.8% vs. '22
thereof 99.5% organic growth
Net cash1
€84.3m
thereof €53.1m advance payments from customers
1) Cash and cash equivalents and time deposits were €84.7m, liabilities to banks were €0.4m.
2 | Investor Presentation April 2024 | © Frequentis AG 2024 |
334
111
223
315
113
202
333
103
230
+25%
505
- 159
345
275
Public
Safety & + €100.0m
Transport (PST)
Air Traffic Management (ATM)
2019 2020 2021 2022 2023
in € m
© Frequentis AG 2024
New long-term contracts acquired in 2023
Digitalisation of
French railways
-
Communication solution for GSM-R and public mobile networks, driving railway performance
and innovation - IP-basedsolution as basis for more than 3,600 fixed terminal systems and up to 40,000 mobile users
- Transformation by 2030
- Maintenance services until 2036
Emergency medical comms for Norway
- Nationwide 3020 LifeX communication solution for medical emergency and non-emergencycentres
- Up to 500 active operator positions
- Multimedia solution supports video and social media communication
- Mobile access for nurses treating patients in hospitals
Enterprise network
services for FAA
- Frequentis was selected by Verizon to work together for the FAA
- Transition U.S. National Airspace System to a modern IP network
-
The network will support
air traffic management of 45,000 flights and 2.9 million passengers per day
4 | Investor Presentation April 2024 | © Frequentis AG 2024 |
Orders on hand | Revenues | ||||||||
63% ATM, 37% PST | 69% ATM, 31% PST | ||||||||
+14% | +11% | ||||||||
595 | 427 | ||||||||
522 | 386 | ||||||||
428 | 468 | 217 | 304 | 299 | 334 | 128 | 134 | ||
391 | 192 | ||||||||
170 | 114 | ||||||||
92 | 96 | ||||||||
158 | 180 | ||||||||
330 | 377 | 258 | 293 | ||||||
298 | 211 | 203 | 220 | ||||||
234 | 247 | ||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |
in € m
5 | Investor Presentation April 2024 | © Frequentis AG 2024 |
- Stable business model fosters growth
- Almost exclusive organic growth
- Strong European home market
€13.1bn
total market size
€3.2bn
addressable market
6 | Investor Presentation April 2024
Revenues by region in €m
280
253
68
61
45 46
33
27
Australia / Asia Americas Europe
Pacific / | |
Africa | |
2022 | 2023 |
© Frequentis AG 2024
Revenues split in 2023
Australia/
Pacific/Africa
Asia 7%
11%
Americas 16% | Europe |
66% |
- Including small orders (not allocated).
Split by category in 2023
3%
36%
61%
Follow-on business for installed systems and solutions (IBB/installed base business)
New products for established customers and exisiting products for new customers
Consulting and other
7 | Investor Presentation April 2024 | © Frequentis AG 2024 |
Split by revenues type
<10%
3%
>35%
~20%
30%
In-project services Maintenance
Software
Hardware
Consulting and other
Revenues and EBIT margin development
Group | |||||
427.5 | |||||
386.0 | |||||
333.5 | |||||
303.6 | 299.4 | ||||
9.0% | |||||
8.7% | |||||
5.7% | 6.5% | 6.2% | |||
17.2 | 26.8 | 29.0 | 25.0 | 26.6 | |
2019 | 2020 | 2021 | 2022 | 2023 |
Air Traffic Management
293.3 | |||||
257.8 | |||||
211.2 | 219.8 | ||||
203.1 | |||||
7.2% | |||||
4.9% | 5.7% | ||||
4.0% | |||||
3.4% | |||||
10.4 | 14.6 | 12.5 | 10.2 | 10.1 | |
2019 | 2020 | 2021 | 2022 | 2023 | |
EBIT | Revenues | EBIT margin |
Public Safety & Transport
133.8 | |||||
127.7 | |||||
113.6 | |||||
92.4 | 96.3 | ||||
14.6% | |||||
12.7% | 12.4% | ||||
11.7% | |||||
7.5% | |||||
12.3 | 16.6 | 14.9 | 16.7 | ||
7.0 | |||||
2019 | 2020 | 2021 | 2022 | 2023 |
8 | Investor Presentation April 2024 | © Frequentis AG 2024 |
Consistent M&A strategy: Expansion of product and technology portfolio
5 years listed on the stock exchange: 9 acquisitions
ATRiCS | Nemergent | Orthogon | ATC | C4i | Regola | Aviamaps | FRAFOS | GuardREC |
Germany, | Spain, | Germany, | Canada, | Australia, | Italy, | Finland, | Germany, | Norway, |
ATM | PST | ATM | ATM | ATM | PST | ATM | PST | ATM |
2020 | 2020 | 2021 | 2021 | 2021 | 2022 | 2022 | 2023 | 2023 |
Product for | Services for | Optimisation | Competence | Products for | Command and | Real-time flight | Special firewall | Legal recordings & |
optimisation of | mission-critical | of air traffic: | centre for voice | military voice | control solutions | management | for enhanced | data analytics |
taxiing at | voice and data | arrival and | and data | communications | for emergency | system for | cybersecurity | |
airports: | communications | departure | communications | services | drone flights | requirements | ||
TowerPad | manager | in North America |
ATM = Air Traffic Management, PST = Public Safety & Transport
9 | Investor Presentation April 2024 | © Frequentis AG 20234 |
Growth markets: Our innovations in operational use
Growth drivers: Security - Mobility - Technology
Digital Tower | Drone management |
Innovative technology to | Coexistence of unmanned aerial |
improve efficiency, safety, | vehicles and manned aircraft in |
situational awareness | shared airspace |
10 | Investor Presentation April 2024 | © Frequentis AG 2024 |
Networks
Networks for air traffic management, police / fire / emergency services, public transport
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Frequentis AG published this content on 08 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2024 10:32:06 UTC.