25th May 2023 - Investor's Presentation - Analysts meeting
2023 05 25 - PR CP Netgem | point d'activité ENG:
"(...)
Dividend
Renewing its confidence in Netgem’s strategy and its ability to generate cash, and in view of the exceptional resources freed up by the sale of the Fiber business, the Board of Directors will propose to the General Meeting to increase the dividend from 3 cents to 5 cents per share.
Perspectives for 2023
As announced at the end of January 2023, Netgem has decided to initiate the sale of its Fiber business, which has been effective as of April 1, 2023 with a positive net cash effect of €3 million. The resources freed up will enable the Company to increase its investments in innovation in order to strengthen its market position.
The rapid evolution of the market towards standardized set-top box terminals based on androidTV should also allow the Group to withdraw from the sale of access equipment.
These changes in scope will enable the company to reduce its operating costs despite the inflationary context.
The Company anticipates ARR* growth of more than 20% in 2023. The cash flows generated by the subscribers base will thus be progressing and will be sufficient to finance this growth. (...)"
✓ Recurring revenues represent 90% of the activity, with 320,000 subscribers to the group's Content-as-a-service platform.
✓ Gross profit growth of 20% in the first half of 2021.
✓ This growth is accompanied by a return to profitability with EBITDA reaching € 2.0m (H1 2020: - € 0.3m) and a significant improvement in net cash (€ 4.3m at June 30, 2021 vs. € 1.8m at the end of 2020).
✓ The company raises its annual objectives, anticipating gross profit growth in 2021 of about 15%, compared to 10% as announced previously.
✓ "France Channels" => "...the commercial launch of France Channel is scheduled for mid-August 2021."
✓ In the United Kingdom, the Group is experiencing growing success, which it hopes to translate in the second half of the year into new partnerships with leading players, which would allow the Group to increase its visibility in 2022.
