Interim Statement Q1/2021

GFT Technologies SE | 12 May 2021

© 2021 | GFT Technologies SE and its affiliates. All rights reserved.

Shaping the

Interim Statement

future of digital

Q1/2021

business

Very good start into 2021

Outlook significantly upgraded on 26 April

  • Increased demand for digitisation solutions
  • Revenue rose significantly and strong orders received indicate higher growth trend
  • Efficiency measures show effect
  • Utilisation significantly above prior-year
  • EBT more than doubled
  • Operating cashflow und cash position remain on high level
  • Number of employees with further increase - Brazil as biggest country

gft.com

12 May 2021

Minor variances due to rounding possible

2

Shaping the

Interim Statement

future of digital

Q1/2021

business

Key figures - revenue growth, strong rise in earnings

in €m

Q1/2021

Q1/2020

∆%

Revenue

123.92

112.48

10%

Order backlog

231.28

196.29

18%

EBITDA adjusted*

13.55

10.39

30%

EBITDA

12.90

9.26

39%

EBIT

7.37

3.61

>100%

EBT

7.01

3.02

>100%

Net income

5.16

2.28

>100%

Earnings per share (in €)

0.20

0.09

>100%

Earnings per share adjusted (in €)*

0.26

0.16

57%

Employees (in FTE)

6,225

5,460

14%

  • Revenue growth by 10%
  • Order backlog significantly above prior-year
  • Strong increase in EBITDA adjusted by 30%
    • Utilisation returned to normal
      (Q1/2020: €-0.70m)
    • Restructuring measures amounted to €-0.97m (Q1/2020: €-0.40m)
    • FX effects of
      €-0.17m (Q1/2020: €-0.10m)
  • EBT more than doubled
  • EBT-margin rose to 5.7% (Q1/2020: 2.7%)
  • Tax ratio slightly above prior-year 26.4% (Q1/2020: 24.4%)

*Adjusted for non-operational effects from M&A activities (EBITDA) plus applicable tax effects

gft.com

12 May 2021

Minor variances due to rounding possible

3

Shaping the

Interim Statement

future of digital

Q1/2021

business

Diversification improved further

Broad client diversification

Client concentration risk further reduced

34%

27%

23%

23%22%

18%

17%

16%

10%10%

>50 €m >10 €m >5 €m

>1 €m

<1 €m

% revenue GFT Group

Q1/2020

Q1/2021e

*Annualised extrapolation based on respective first quarter

gft.com

12 May 2021

Sector split expanded

Growth with insurance by 25%

Industry & Others increase by 14%

76% 74%

13% 15%

11% 11%

Banking

Insurance

Industry &

Others

% revenue GFT Group

Q1/2020

Q1/2021

Minor variances due to rounding possible

4

Shaping the

Interim Statement

future of digital

Q1/2021

business

Revenue and EBITDA adjusted by quarter

Revenue

EBITDA adjusted*

in €m

in €m

123.92

12.84

13.13

13.55

12.28

11.71

2.38

117.81

11.16

10.78

3.21

3.40

10.39

2.92

2.56

2.53

2.84

113.03

112.48

3.63

8.14

108.57

2.72

105.72

105.31

105.99

104.92

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

Q4/20

Q1/21

Q1/19

Q2/19

Q3/19

Q4/19

Q1/20

Q2/20

Q3/20

Q4/20

Q1/21

Ef f ects from IFRS 16

  • Q1/2021 vs. Q4/2020: revenue growth in all areas
    Earnings improvement essentially driven by better utilisation as well as implemented efficiency measures
  • Q1/2021 vs. Q1/2020: significant increase in revenue, restructuring cost slightly above prior-year

*Adjusted for non-operational effects from M&A activities

gft.com

12 May 2021

Minor variances due to rounding possible

5

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GFT Technologies SE published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 05:33:03 UTC.