8 November 2022

AVEVA Group plc

Results for the six months ended 30 September 2022

© 2022 AVEVA Group plc and its subsidiaries. All rights reserved.

This presentation may include predictions, estimates, intentions, beliefs and other statements that are or may be construed as being forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could result in actual outcomes differing materially from those projected in these statements. No statement contained herein constitutes a commitment by AVEVA to perform any particular action or to deliver any particular product or product features. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation.

The Company shall not be obliged to disclose any revision to these forward-looking statements to reflect events or circumstances occurring after the date on which they are made or to reflect the occurrence of future events.

2 ©2022 AVEVA Group plc and its subsidiaries. All rights reserved.

Agenda

  1. H1 FY23 Business Highlights
  1. H1 FY23 Financial Review
  1. H1 FY23 Operational Review
  1. Appendices

3

© 2022 AVEVA Group plc and its subsidiaries. All rights reserved.

H1 FY23

Business Highlights

Peter Herweck, CEO

4

© 2022 AVEVA Group plc and its subsidiaries. All rights reserved.

H1 FY23 results

Overview

5 ©2022 AVEVA Group plc and its subsidiaries. All rights reserved.

Good progress made with transition to subscription

  • ARR growth +11.6%
  • On premises rental revenue +17.4%*
  • Cloud revenue +85.8%*
  • Pro forma recurring revenue as a proportion of total revenue up to over 70%
  • Cash conversion improved year-on-year

Outlook

  • ARR growth to increase in H2 due to a greater weighting of contract wins and contract renewals
  • Anticipated revenue growth on constant currency basis combined with slower growth in overall costs
  • If current rates of FX persist, H2 revenues should benefit from a significant currency translation gain relative to the prior year, due to the strength of the US dollar versus Sterling

* On an organic constant currency basis

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Aveva Group plc published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 07:03:06 UTC.