Full steam ahead

Investor presentation financial year 2023

Highlights 2023

Leap in order intake

Strong revenues growth

Two technology acquisitions

Order intake

€504.8m

+24.7% vs. '22

EBIT

€26.6m

+1.7m vs. '22

Orders on hand

€594.7m

+13.9% vs. Dec'22

Equity ratio

41.9%

Revenues

€427.5m

+10.8% vs. '22

thereof 99.5% organic growth

Net cash1

€84.3m

thereof €53.1m advance payments from customers

1) Cash and cash equivalents and time deposits were €84.7m, liabilities to banks were €0.4m.

2 | Investor Presentation April 2024

© Frequentis AG 2024

334

111

223

315

113

202

333

103

230

+25%

505

  1. 159

345

275

Public

Safety & + €100.0m

Transport (PST)

Air Traffic Management (ATM)

2019 2020 2021 2022 2023

in € m

© Frequentis AG 2024

New long-term contracts acquired in 2023

Digitalisation of

French railways

  • Communication solution for GSM-R and public mobile networks, driving railway performance
    and innovation
  • IP-basedsolution as basis for more than 3,600 fixed terminal systems and up to 40,000 mobile users
  • Transformation by 2030
  • Maintenance services until 2036

Emergency medical comms for Norway

  • Nationwide 3020 LifeX communication solution for medical emergency and non-emergencycentres
  • Up to 500 active operator positions
  • Multimedia solution supports video and social media communication
  • Mobile access for nurses treating patients in hospitals

Enterprise network

services for FAA

  • Frequentis was selected by Verizon to work together for the FAA
  • Transition U.S. National Airspace System to a modern IP network
  • The network will support
    air traffic management of 45,000 flights and 2.9 million passengers per day

4 | Investor Presentation April 2024

© Frequentis AG 2024

Orders on hand

Revenues

63% ATM, 37% PST

69% ATM, 31% PST

+14%

+11%

595

427

522

386

428

468

217

304

299

334

128

134

391

192

170

114

92

96

158

180

330

377

258

293

298

211

203

220

234

247

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

in € m

5 | Investor Presentation April 2024

© Frequentis AG 2024

  • Stable business model fosters growth
  • Almost exclusive organic growth
  • Strong European home market

€13.1bn

total market size

€3.2bn

addressable market

6 | Investor Presentation April 2024

Revenues by region in €m

280

253

68

61

45 46

33

27

Australia / Asia Americas Europe

Pacific /

Africa

2022

2023

© Frequentis AG 2024

Revenues split in 2023

Australia/

Pacific/Africa

Asia 7%

11%

Americas 16%

Europe

66%

  1. Including small orders (not allocated).

Split by category in 2023

3%

36%

61%

Follow-on business for installed systems and solutions (IBB/installed base business)

New products for established customers and exisiting products for new customers

Consulting and other

7 | Investor Presentation April 2024

© Frequentis AG 2024

Split by revenues type

<10%

3%

>35%

~20%

30%

In-project services Maintenance

Software

Hardware

Consulting and other

Revenues and EBIT margin development

Group

427.5

386.0

333.5

303.6

299.4

9.0%

8.7%

5.7%

6.5%

6.2%

17.2

26.8

29.0

25.0

26.6

2019

2020

2021

2022

2023

Air Traffic Management

293.3

257.8

211.2

219.8

203.1

7.2%

4.9%

5.7%

4.0%

3.4%

10.4

14.6

12.5

10.2

10.1

2019

2020

2021

2022

2023

EBIT

Revenues

EBIT margin

Public Safety & Transport

133.8

127.7

113.6

92.4

96.3

14.6%

12.7%

12.4%

11.7%

7.5%

12.3

16.6

14.9

16.7

7.0

2019

2020

2021

2022

2023

8 | Investor Presentation April 2024

© Frequentis AG 2024

Consistent M&A strategy: Expansion of product and technology portfolio

5 years listed on the stock exchange: 9 acquisitions

ATRiCS

Nemergent

Orthogon

ATC

C4i

Regola

Aviamaps

FRAFOS

GuardREC

Germany,

Spain,

Germany,

Canada,

Australia,

Italy,

Finland,

Germany,

Norway,

ATM

PST

ATM

ATM

ATM

PST

ATM

PST

ATM

2020

2020

2021

2021

2021

2022

2022

2023

2023

Product for

Services for

Optimisation

Competence

Products for

Command and

Real-time flight

Special firewall

Legal recordings &

optimisation of

mission-critical

of air traffic:

centre for voice

military voice

control solutions

management

for enhanced

data analytics

taxiing at

voice and data

arrival and

and data

communications

for emergency

system for

cybersecurity

airports:

communications

departure

communications

services

drone flights

requirements

TowerPad

manager

in North America

ATM = Air Traffic Management, PST = Public Safety & Transport

9 | Investor Presentation April 2024

© Frequentis AG 20234

Growth markets: Our innovations in operational use

Growth drivers: Security - Mobility - Technology

Digital Tower

Drone management

Innovative technology to

Coexistence of unmanned aerial

improve efficiency, safety,

vehicles and manned aircraft in

situational awareness

shared airspace

10 | Investor Presentation April 2024

© Frequentis AG 2024

Networks

Networks for air traffic management, police / fire / emergency services, public transport

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Frequentis AG published this content on 08 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2024 10:32:06 UTC.