Itera : 2024 Q1 PPT Presentation

Q1 REPORT 2024Agenda1. Highlights of the quarter ITERA

1. Business review
2. Financial review
3. Outlook
4. Q&A

Arne Mjøs	Bent Hammer
CHIEF EXECUTIVE OFFICER	CHIEF FINANCIAL OFFICER

Q1 REPORT 2024

ITERA

1

Highlights

Q1 2024

Q1 REPORT 2024

Q1 in brief

ITERA

-1%

Organic revenue growth

8.4%

EBIT margin

Market	Cloud, data and AI	New product
	.
The pace of spending and the overall	Strong demand in the green	Launching of Itera's AI platform,
business landscape have changed,	transition and areas like cloud	named Sapience to provide people
but the fundamental importance of	migration and modernization, data	with Generative AI in a safe, secure
digital technology has not.	and AI.	and efficient way.

Order intake

Seasonal variations in order intake with book-to-bill of 1.0 in Q1 and

1.0 last 12 months. Swedish expansion on track.

.

Performance

Growth and profitability impacted by 3% fewer working days due to Easter and lower utilization rate.

Business optimization program on track for stronger resilience.

Cashflow

Cashflow from operations NOK -7 million in Q1, impacted by receivables falling due during Easter

NOK 70 million last 12 months, with EBITDA-to-Cash conversion of 80%

Dividend

Proposed ordinary dividend for 2023 of NOK 0.40 per share with authorization to pay a supplementary dividend later

People

Temporarily slower pace of intake of new employees.

Number of employees increased by 5 employees (1%) during the last 12 months.

Q1 REPORT 2024

ITERA

Key figures

Q1	Q1	Q1
-1%	1%	8.4%
Organic revenue	Growth in number of	EBIT margin
growth	employees last 12 months

Q1 REPORT 2024

ITERA

2 Business review

Q1 REPORT 2024

ITERA

We are specialists in sustainable digital transformation

The Nordics is often positioned as digital and sustainable front-runner that show the way globally.

We are growing together with international customers and	Reykjavik
partners based on our ONE Itera model across borders.
Our Digital Factory with cross-functional teams across border
was recognised as best in the world by Global Sourcing
Association in 2018.

Bergen

Bryne

Herning

Stockholm

Oslo

Fredrikstad

Copenhagen Kraków

Nordic origin. Global reach.

Kyiv

Brno

Bratislava

Lviv

Žilina

Q1 REPORT 2024

ITERA

Our steady growth organic model

We have built a strong international ONE Itera operating model and will see more of divergence in the linearity between headcount and revenue growth.

Packaged
offerings and	Speed,
industrialized	reusability and
services	subscription
	Customer-centric
	and selected
	industries

	GROWTH
People growth,	Higher
ONE Itera and	scalability;
distributed delivery	customers and
	talents

Q1 REPORT 2024

ITERA

Our priorities in 2024

1	2	3	4
Strengthen demand	Leverage Digital	Explore and	Build on our strong
generation through	Factory and cloud	capitalize on growth	position to grow
customer squads	journeys	opportunities in data,	outside Norway
		Low-Code and AI

Being smart in cost discipline

Community of practices and people development

Operational excellence