Presentation on 9M 2022
November 16, 2022
Copyright © 2022 Exasol. All rights reserved.
Disclaimer
DISCLAIMER
This presentation contains future-oriented,forward-looking statements ("Forward- looking Statements"), estimates, opinions, projections and forecasts representing the current assessments and views with respect to anticipated future performance of Exasol AG. These assessments, views and Forward-looking Statements are subject to changes. There are uncertain conditions that are for the most part difficult to predict and are beyond the control of Exasol AG. Exasol AG is not under any obligation to publish any information resulting in changes in framework conditions or to publish revised information.
The information in this presentation as well as the Forward-looking Statements are of preliminary and abbreviated nature and may be subject to updating, revision and amendment, and such information may change materially. Neither Exasol AG nor any of its directors, officers, employees, agents or affiliates undertakes or is under any duty to update this presentation or to correct any inaccuracies in any such information which may become apparent or to provide any additional information.
The Forward-looking Statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "aims", "plans", "predicts", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These Forward-looking Statements include all
matters that are not historical facts. They appear in a number of places throughout this presentation and include statements regarding Exasol's intentions, beliefs or current expectations concerning, among other things, Exasol's prospects, growth, strategies, the industry in which it operates and potential or ongoing acquisitions. By their nature, Forward-looking Statements involve significant risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future.
Forward-looking Statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved.
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Summary of key points
FINANCIALS 9M 2022
(unaudited)
ARR: 33.9m€
(+23%)
Revenue: 24.8m€
(+28%)
Adj. EBITDA: -8.7m€
(9M 2021: -24.8m€ L4L*)
Liquid Funds: 16.9m€
(Dec 31, 2021: 27.2m€)
- ARR and Group Revenue clearly up against last year´s period despite some macroeconomic headwinds
- 18 new customer wins in 9M 2022 and roughly 60 existing customers upselling their contracts
- Profitability continues to improve as a result of higher sales and better cost discipline
- Liquid funds at end of period slightly better than expected with sufficient headroom to fund further growth
- Net Revenue Retention remains on a high level demonstrating strong position of Exasol in their customers' IT environment
- Despite difficult market environment, long term growth drivers remain intact
- Outlook 2022 adjusted - 2025 targets unchanged
Outlook 2022 (adjusted)
35.5 to 37.0 m€
(previously: 38.5 to 40.0 m€)
-13 to -14 m€
(previously: -14 to -16 m€)
11 to 13 m€
(previously: 10 to 12 m€)
Midterm target of 100m€ ARR/ACC in the course of 2025 unchanged
* Excluding capitalized own work
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ARR development by quarter 2021/2022
In EUR million*, # of customers
Unaudited figures
+23% | 34.5 | |||||||||||
33.9 | 0.7 | Comments | ||||||||||
• Overall performance shows typical | ||||||||||||
1.4 | ||||||||||||
1.0 | seasonal pattern | |||||||||||
30.5 | 1.0 | • 18 new customers added till End | ||||||||||
3.0 | September 22, 7 customers lost | |||||||||||
• Net upselling still dominant growth | ||||||||||||
1.7 | driver ytd, in line with historical | |||||||||||
1.3 | pattern | |||||||||||
23.5 | 1.0 | • As expected, impact of SaaS- | ||||||||||
Introduction not material yet | ||||||||||||
ARR end | Q1 | Q2 | Q3 | Q4 | ARR end | Q1 | Q2 | Q3 | Q3 2022 Curr. FX | ARR Q3 | ||
2020 | 2021 | const. FX | 2022 | |||||||||
const. FX |
Customers | 195 | 198 | 200 | 204 | 212 | 214 | 222 | 223 |
Won | 5 | 4 | 6 | 11 | 5 | 9 | 4 | |
Lost | -2 | -2 | -2 | -3 | -3 | -1 | -3 |
*At comparable FX rates and methodology
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Increasing footprint in key verticals
New ARR 2022
TOP 3 industries (new logos) | TOP 3 industries (upsell) | ||
Financial Services | Retail & eCommerce | ||
Others | 18 | Healthcare | Others | ⁓60 | |
new logos | existing | Financial Services | |||
customers |
Transportation | Software / IT |
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Exasol AG published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 09:08:01 UTC.