Cerved S p A : Risultati al 31 marzo 2021 - Presentazione
May 12, 2021 at 08:34 pm IST
Share
Results
to 31 March 2021
12 May 2021
Cerved Group S.p.A.
Table of Contents
Executive Summary
Business Review
Financial Review
4 Commitment to ESG
Appendix
1
Executive Summary
Macroeconomics
Q1 2021
Financial
Results
Covid-19
Investor Day
After falling sharply in 2020, Italian GDP is expected to grow 3.5% in 2021 and 3.8% in 2022 based on forecasts by Bank of Italy
The economic support and recovery measures financed by the national budget and the EU funds are key ingredients for the recovery starting from H1 2021
Revenues of EUR 124.1m +1.9% vs Q1 2020, +1.6% organic
Adjusted EBITDA of EUR 52.3m +0.1% vs Q1 2020, flat on organic terms Operating Cash Flow of EUR 44.3m, +51.3% vs Q1 2020
Adjusted Net Income post minorities of EUR 26.9m -1.9% vs Q1 2020 Leverage of 2.7x LTM proforma Adjusted EBITDA
COVID-19 situation gradually improving in Q2 2021 following lockdowns in the prior months, and a vaccination campaign which is rapidly progressing
Investor Day on 26 March 2021 in order to illustrate Cerved's 2021-2023 Strategic Outlook Strong focus on ESG strategy with introduction of SDG-related targets to STI remuneration
2
Voluntary public tender offer
Cerved Group SpA received a voluntary tender offer from Castor Srl on 8 March 2021
The offer was unsolicited and unexpected
The Board of Directors is currently evaluating the relevant terms and conditions of the offer
It will provide all the information useful for the Company's shareholders to properly evaluate the offer under the Statement of the Board of Directors to be published by the trading day before the beginning of the tender period
UBS and Mediobanca have been appointed as financial advisers as well as BonelliErede and Carbonetti as legal advisers
Impact of the offer on Cerved's day-to-day business activities
No adverse affect Cerved's day-to-day business activities
The Board of Directors and management are conducting the business in the ordinary course, in the best interest of Cerved, its shareholders and stakeholders and with the utmost attention for, and in strict compliance with, applicable laws and regulations
Q&A
Today's focus is exclusively on Cerved's Q1 results, consequently the Q&A session will not address any questions related to the prospected voluntary public tender offer
3
Consistent Growth and Cash Flow Generation
% / %
Total CAGR% /
Organic Growth %
Revenues (€m)
Consistent Growth
+6.9%/ +3.5%
CAGR '12-'20
521
488
458
313 331 353 377
401
394
291
+1.9%
122 124
2012 2013 2014 2015 2016 2017 2017 2018 2019 2020
Q1
Q1
20
21
Not restated
Application of
IFRS 9, 15, 16
Adjusted EBITDA1 (€m)
Sustainable profitability
+4.6%/ +2.5%
CAGR '12-'20
237
213
204
171
180 187 186
145 152 160
+0.1%
52
52
2012 2013 2014 2015 2016 2017 2017 2018 2019 2020
Q1
Q1
20
21
Not restated
Application of
IFRS 9, 15, 16
Operating Cash Flow (€m)
High cash flow generation
+2.8%
CAGR '12-'20
160 158
136 144 143 143
139
126
111 108
+51.3%
44
29
2012 2013 2014 2015 2016 2017 2017 2018 2019 2020
Q1
Q1
20
21
Not restated
Application of
IFRS 9, 15, 16
4 1) 2017 Adj. EBITDA includes €4.0m adjustment for IFRS 16
Questo è un estratto del contenuto originale. Per continuare a leggere, accedi al documento originale.
Cerved Information Solutions S.p.A. 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 15:03:03 UTC.
Cerved Group SpA is an Italy-based company engaged in the professional information services industry. The Company provides financial information for corporate and financial institutions. The Company's business activities are divided into three segments. The Credit Information segment offers business information products and services, real estate information, public credit rating and analytics services, as well as consumer credit information. The Marketing Solution segment provides analysis and economic information, based on which, clients are able to develop businesses, gain customers and calculate sales network. The Credit Management segment focuses on services to assess and manage non-performing loans and other impaired assets for third parties, including investment funds, banks and other financial enterprises. Furthermore, Cerved Information Solutions SpA is a parent of the Cerved Group. It operates through Fox & Parker Srl and Credit Management Srl.