Lleidanetworks Serveis Telemàtics S A : Audit Annual Consolidated 2020

EShttps://investors.lleida.net/docs/es/20210429_HRelev.pdf

FRhttps://investors.lleida.net/docs/fr/20210429_HRelev.pdf

ZHhttps://investors.lleida.net/docs/zh/20210429_HRelev.pdf

Lleida, 29 April 2021

Other Relevant Information

Presentation of audit and consolidated accounts 2020, presentation of audit and individual

parent accounts, comparison with 2019 and presentation of organisational structure

Under the provisions of Article 17 of the Regulation (EU) No 596/2014 regarding market abuse and article 228 of the modified text of the Spanish Stock Market Act, approved by Spanish Royal Legislative Decree 4/2015, of 23 October and related provisions, as well as Circular 3/2020 of BME MTF Equity, we are hereby informing you of the following information relating to LLEIDANETWORKS SERVEIS TELEMÀTICS, S.A. ("Lleida.net", the "Company", or the "Group").

On 25 January 2021, the Company published on Privileged information a preview of the main figures of the Company's Consolidated Income and debt account. This preview was made based on the available accounting information

To date, this information is complemented by the following documents:

• Audits Report and Consolidated annual accounts for the financial year 2020.
• Audits Report and Individual annual accounts for the financial year 2020.
• Audit on the Organizational Structure and Internal Control Systems.

We are available for any clarifications needed.

Firmado digitalmente

Regardspor 40897755Y

FRANCISCO JOSE SAPENA (R:A25345331) Fecha: 2021.04.29 17:34:24 +02'00'

Francisco Sapena Soler

CEO of Lleida.net

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LLEIDA.NET STRENGTHENS ITS LONG-TERM VIABILITY

PRESENTATION ON AUDITED RESULTS 2020

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EXECUTIVE SUMMARY

TO CUT A LONG STORY SHORT:

Lleida.net has a working capital of 5.2 million euros, guaranteeing its solvency in the long term.

This amount significantly exceeds the one at the beginning of 2020, which amounted to 1.6 million euros. Thus, in just one year, working capital has grown by 3.6 million, we have increased sales to 16.42 million, and our net equity and group assets have grown. Specifically, the growth in net equity was 66 per cent, to 7.2 million euros.

The group's assets grew during the year by 24 per cent, compared to the previous year, to 13.2 million. At the same time, financial debt was reduced by 539,000 euros or 15 per cent over the previous year.

These figures show the company's solid financial situation, which, together with the increase in the use of its SaaS services and the significant increase in billing, ensure the company's viability.

Two apparent criteria govern Lleida.net: we believe in sustained long-term growth (we have been a start-up for 26 years, and we hope for many years beyond), and our shareholders welcome and take pride in our solid company.

It's been six years since we first rang the bell at the former MAB. Later, we rang the bell on Euronext and OTCQX, and during these years, we have consolidated our position in the market.

The results that are being presented provides evidence over that robustness.

Sisco Sapena, CEO and founder

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HIGHLIGHTS OF THE PERIOD

Financial

Innovation

Internationalisation

Our financial position is	We have increased our R&D	New subsidiaries in Dubai,
the strongest throughout	team to market the	new agreements in Europe,
our history.	products the post-COVID19	Africa, the Middle East and
	digitized world is asking for.	Latin America.

Intellectual property

203 patents granted from over 60 countries on five continents. One of the most robust portfolios in the industry worldwide.

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EVOLUTION OF THE AUDITED INCOME AND EXPENSES

STATEMENT:						Gross margin increased 977,000 euros for financial
					year 2019, driven by the increase in SaaS product lines
						and the increase in sales of SMS solutions in
Figures in thousands of euros Consolidated	2019	2020	YoY. €	YoY.%		Wholesale.
	The operating result has reached 1.4 million euros, 31%
Sales	13,661	16,421	2,760	20%
	higher than year 2019. Lleida.net continues investing in
Sale costs	(6,607)	(8,390)	(1,783)	27%
	people within the growth strategy and during this year
Gross Margin	7,054	8,031	977	14%
						15 people joined the team in international sales
% Margin out of sales	52%	49%
						departments and R+D i mainly. We are already 100, not
Personnel expenses	(3,067)	(3,403)	(336)	11%
External services	(2,728)	(2,743)	(15)	1%		counting external teams.
Other incomes	54	160	106	196%		Profit before taxes exceeds 1.02 million euros.
Activations	935	662	(273)	-29%		The Board of Directors has proposed to vote at the
EBITDA	2,248	2,707	459	20%		Shareholders' Meeting the distribution of the second
Depreciation	(1,135)	(1,187)	(52)	5%
	dividend in the company's history, with an increase of
Depreciation and disposal of fixed assests	(21)	(80)	(59)	-
	25% compared to the previous dividend.
Other results	10	0	(10)	-
Total operation costs	1,102	1,440	338	31%
Net Financial Debt	21	(72)	(93)	443%
Impairment and earnings for disposal	0	(144)
Exchange rate differences	(24)	(195)	(171)	-713%
Earnings before Tax	1,099	1,029	(70)	-6%

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