Financial Year 2011/2012Analysts and Media Conference           September 28, 2012
Financial Year 2011/2012Agenda   Key Points in Brief    Bruno Richle, Chairman of the Board and Group CEO   Facts and Fi...
CREALOGIX at a Glance“The Leader for the Digital Bank”    The CREALOGIX Group is a leading independent software and produc...
CREALOGIX: “The Leader for the Digital Bank”Comprehensive Expertise                                               4
Market Leader   CREALOGIX at the Top 30 Swiss Banks                             E-Banking                                 ...
Facts & Figures                  6
Financial Highlights 2011/2012Strong performance in a difficult environment High contribution from Bank 2.0 products 20% o...
Development of Income StatementStrategy implementation pays dividends                  60                               10...
Development of Income StatementStrategy implementation pays dividends                                                     ...
Development of Income StatementStrategy implementation pays dividends                  60                                 ...
Consolidated income statementGrowth of continuing activities In million CHF                 FY 2011/12     Prev. year     ...
Development of balance sheetVery strong even after premium distribution                 50                                ...
Consolidated balance sheetStable balance sheet ratios In million CHF               30.06.2012   Prev. year   Comments Liqu...
CREALOGIX ShareShare price remains high In CHF                                FY 2011/12   Prev. year   Comments Earnings ...
PotentialThe Financial Strengths of CREALOGIX Liquidity in CHF          Free Cash Flow    Comments as at June 30, 2012    ...
Bank 2.0:“Next Generation User Experience”
Bank 2.0: Next generation user experience  Multi-channel from single sourceIntermediation    Client        Hybrid         ...
Bank 2.0: Next Generation User ExperienceMulti-Device                                   18
Bank 2.0Next Generation User Experience    New            GUI-related              New                     New    GUI     ...
Bank 2.0: Next generation user experienceToday and tomorrow…        Client care                      Transactions   Tradi...
Bank 2.0: Next generation user experience…that’s what it looks like/screen samples                                        ...
Outlook          22
Mid-term financial targetsIncrease of turnover and profitability   Marked increase of Group turnover to CHF 100 million  ...
The leader for the digital bankCREALOGIX Strengths Positioning                      Financial Strength         Stability ...
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120928 crealogix media conference_2011_2012_web_en

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CREALOGIX company presentation on the occasion of the Analysts and Media Conference on September 28, 2012.

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120928 crealogix media conference_2011_2012_web_en

  1. 1. Financial Year 2011/2012Analysts and Media Conference September 28, 2012
  2. 2. Financial Year 2011/2012Agenda Key Points in Brief Bruno Richle, Chairman of the Board and Group CEO Facts and Figures Jürg Hässig, CFO “Bank 2.0“ – Next Generation User Experience Dr. Richard Dratva, CSO Outlook Bruno Richle, Chairman of the Board and Group CEO 2
  3. 3. CREALOGIX at a Glance“The Leader for the Digital Bank” The CREALOGIX Group is a leading independent software and product supplier with focus on the financial industry in the competence areas of E-Finance, E- Business and Education in Switzerland and Europe. The shares of CREALOGIX Holding AG (CLXN) are traded on the SIX Swiss Exchange. FACTS Founded: 1996 Employees: 221 Turnover: CHF 50 million EBIT: 8% Market capitalization: Approx. CHF 100 million Locations: 4 locations (Switzerland and Germany) Shareholders: Founders/management: 69%; free float: 31% 3
  4. 4. CREALOGIX: “The Leader for the Digital Bank”Comprehensive Expertise 4
  5. 5. Market Leader CREALOGIX at the Top 30 Swiss Banks E-Banking E-Payment E-Learning 60% 63% 100% 18 of the Top 30 19 of the Top 30 30 of the Top 30 run actively recom- use E-Banking mend E-Payment E-Learning Systems from solutions from solutions from CREALOGIX, CREALOGIX, CREALOGIX 12 of them acting as distri- exclusively bution partnersSource for ranking: Swiss National Bank, «Banks in Switzerland 2011 / Statistical Publications», according to balance sheet total 5
  6. 6. Facts & Figures 6
  7. 7. Financial Highlights 2011/2012Strong performance in a difficult environment High contribution from Bank 2.0 products 20% of operating revenue abroad Successful integration of Abaxx Over 50% product sales Continuing high liquidity and equity 7
  8. 8. Development of Income StatementStrategy implementation pays dividends 60 100% Comments 90% • Focus on software 50 products increases share of 80% recurring product sales. 40 70% 30 • Product share rises from 60% 37% to well over 50% in In million CHF 20 three years. 50% 10 40% • Licence royalties have doubled in the past three 0 30% years. 09/10 10/11 11/12 20% Turnover • Maintenance income 10% holds out growing sales • Adjusted for and revenue potential. divestments: 6% 0% 09/10 10/11 11/12 growth. • Software products = Product Sales Other Sales still higher proportion of sales. 8
  9. 9. Development of Income StatementStrategy implementation pays dividends 60 60 50 50 40 40 30 30 20 In million CHF In million CHF 10 20 0 10 0 09/10 10/11 11/12 Turnover Change in sales 2010/11 vs. 2011/12 • Adjusted for • Sales down in last financial year against previous year divestments: 6% following divestment of ERP/T&L business, weak euro growth. and banking crisis. • Software products = • This is not yet fully compensated by the existing units still higher proportion and the acquisition of Abaxx. of sales. 9
  10. 10. Development of Income StatementStrategy implementation pays dividends 60 6 50 5 5 40 4 4 30 3 3 In million CHF In million CHF In million CHF 20 2 2 10 1 1 0 0 0 09/10 10/11 11/12 09/10 10/11 11/12 09/10 10/11 11/12 Turnover EBIT Net profit • Adjusted for • EBIT down by 18% • Record year 2010/11 not divestments: 6% against previous year. equalled. growth. • EBIT margin remains • Return on sales reaches good • Software products = good at 8%. 6%. still higher proportion • Result better than in • Return on equity held at 8%. of sales. 2009/10. 10
  11. 11. Consolidated income statementGrowth of continuing activities In million CHF FY 2011/12 Prev. year Comments •Operating income down Operating income 49.5 52.8 on previous year due to Direct operating expenses -9.2 -8.3 the banking crisis, the Personnel expenses -30.0 -32.5 weak euro and divestment. Other operating expenses -5.0 -5.6 •Group growth 6% on an Depreciation -1.1 -1.3 “ongoing basis”. EBIT 4.2 5.1 •All cost blocks reduced As % of operating income 8.4 9.7 under continuing stringent Financial result -0.1 0.3 control. Earnings before taxes 4.1 5.4 •Financial result includes Income tax -1.0 -0.7 proceeds of divestments. Consolidated result 3.1 4.7 As % of operating income 6.4 8.9 11
  12. 12. Development of balance sheetVery strong even after premium distribution 50 60 100 45 90 40 50 80 35 70 40In million CHF In million CHF 30 60 In percent 25 30 50 20 40 20 15 30 10 10 20 5 10 0 0 0 09/10 10/11 11/12 09/10 10/11 11/12 09/10 10/11 11/12 Liquid funds Equity capital Equity ratio • Premium distribution of CHF • Effect of premium distribution • Equity ratio has therefore 16 million effected on and goodwill offset visible; also fallen, but remains 9.11.2011. equity remains high in strong in a cross-sectoral • Acquisition-related money absolute terms. comparison at 71%. outflows for Abaxx. • Distributable premium of CHF • Free cash flow remains good. 26 million. 12
  13. 13. Consolidated balance sheetStable balance sheet ratios In million CHF 30.06.2012 Prev. year Comments Liquid funds 29.3 39.8 • Market risks of Securities 2.6 6.7 securities adjusted by portfolio reduction. Other current assets 15.5 14.5 Tangible assets 1.9 4.3 • Capital tie-up reduced by sale of properties. Intangible assets 0.9 0.7 Other non-current assets 3.1 3.4 • No goodwill stated as asset. Assets 53.3 69.4 • No bank debts and no Short-term debt capital 14.6 11.4 non-operational liabilities. Long-term debt capital 0.7 0.9 Equity capital 38.0 57.1 Equity and liabilities 53.3 69.4 13
  14. 14. CREALOGIX ShareShare price remains high In CHF FY 2011/12 Prev. year Comments Earnings per share (EPS) 3.0 4.4 • Profit per share lower due to smaller net profit. Price-earnings ratio (P/E) 30.4 21.8 Equity (book value) per share • Price-earnings ratio 35.8 53.5 comparatively high and as at June 30 reflects positioning, product Price to book value (P/B) 2.5 1.8 portfolio and market Share price as at June 30 90.00 96.00 expectations, together with Market capitalization as at June 30 high substance. 96.3 102.7 in CHF million • Market capitalisation only slightly lower, but still almost CHF 100 million. 14
  15. 15. PotentialThe Financial Strengths of CREALOGIX Liquidity in CHF Free Cash Flow Comments as at June 30, 2012 • Basis for further growth >31 ++ exists due to high liquidity and positive free cash flow. m • Broad equity ratio of over 71% gives freedom for action. • Healthy balance sheet without debts and goodwill Equity Ratio Goodwill in CHF impairment risk. as at June 30, 2012 >71% 0.- 15
  16. 16. Bank 2.0:“Next Generation User Experience”
  17. 17. Bank 2.0: Next generation user experience Multi-channel from single sourceIntermediation Client Hybrid Self- Client Networking advice advice service community eVV Client Clients advisor (all segments) Online banking 2.0 Multi-channel Abstraction + Data aggregation + Performance + Security + Cost savings! Bank processing systems 17
  18. 18. Bank 2.0: Next Generation User ExperienceMulti-Device 18
  19. 19. Bank 2.0Next Generation User Experience New GUI-related New New GUI New Functionality User Experience FunctionalityMulti-Device Stream AppMarket PFM New Design New View Product Re-Engineering Product Enrichment of existing on existing for existing on the base of existing functionality functionality functionality functionality 19
  20. 20. Bank 2.0: Next generation user experienceToday and tomorrow… Client care Transactions Traditional  Clear and simple  Entertaining Satisfying  Light but still satisfying 20
  21. 21. Bank 2.0: Next generation user experience…that’s what it looks like/screen samples 21
  22. 22. Outlook 22
  23. 23. Mid-term financial targetsIncrease of turnover and profitability Marked increase of Group turnover to CHF 100 million − Product share: > 50% − Share outside Switzerland: > 25% Sustained EBIT margin of 10% − In business areas with a high product share: > 15% Shareholder-friendly − Better participation in company success: - Price increase with growth and Dividend distribution proposed by the annual - Pay-outs in the case of good profitability meeting − Attractive potential exists: CHF 2 Premium (CHF 26 mil.) & per Share nominal-value reduction (CHF 8 million) 23
  24. 24. The leader for the digital bankCREALOGIX Strengths Positioning Financial Strength Stability  State-of-the-art  Annually positive  Direct commitment product portfolio cash flow since its by the owners to  Swiss No. 1 in: foundation company management  E-Banking  Solid financial basis secures shareholder- allows defined growth value approach  E-Payment strategy to be pursued  Education in a focused way 24
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