TRESU Q3 2023 Financial Report slide image

TRESU Q3 2023 Financial Report

Backdrop: The TRESU journey so far Revenue (DKKm) TRESU '16-'18: large unprofitable capital sales expansion Entered US folding carton segment with new large printer, but losses from poor project control & post- delivery issues Unfocused and unprofitable growth in digital solutions offering 637 . '19-'21: Return to profitable core through COVID-19 Return to profitable core with right-sizing, project control, and supply chain optimizations Strengthened Board of Directors Managed top and bottom-line through COVID-19 induced supply chain disruptions . • '22-'23: Challenges in capital sales Supply chain related disruptions, inflation and large cost overruns on old, non-core projects driving losses Good momentum in Customer Care and System Sales with 8% and 9% CAGR ('20 to Q3-2023), respectively Modularization & standardization New CEO, CFO and CTO appointed 432 389 359 379 338 341 300 63 82 84 65 111 121 126 99 136 167 156 169 FY2016¹ FY20171 FY2018 FY2019 FY2020 FY2021 FY2022 LTM Q3-23 53 (12%)² 109 (17%) 2 -139 (-41%) 22 (6%) 32 (11%) 20 (6%) -7 (-2%) -12 (-3%) Altor entry Machines & Units Customer care Systems Adj. EBITDA, IFRS (margin) Notes: All numbers in DKKm 1. Sep-YE 2. DK-GAAP based numbers, so not fully comparable to rest of period; Source: Company monthly reports 9
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