Investor Presentaiton
FY 2020 reconciliation from management key metrics to IFRS
€m
Billings/Revenue
Management view
adjusted P&L
460.3
Deferred
revenue
D&A
Other non-IFRS
adjustments
Accounting view
IFRS P&L
(4.7)
455.6
Cost of sales
Gross profit contribution
Sales
(35.9)/(7.8% of Billings)
424.4/ (92.2% of Billings)
(27.6)
(0.6)
(64.1)/(14.1% of Revenue)
391.5/(85.9% of Revenue)
(58.1) / (12.6% of Billings)
(5.0)
(14.6)
(77.7)/(17.1% of Revenue)
Marketing
(31.1)/ (6.8% of Billings)
(1.3)
(6.0)
R&D
G&A
Other1
(34.8)/(7.6)% of Billings)
(5.2)
(6.6)
(26.1)/(5.7% of Billings)
(2.0)
(26.9)
(12.8)/(2.8% of Billings)
3.1
(38.5)/(8.4% of Revenue)
(46.6)/ (10.2% of Revenue)
(55.0)/(12.1% of Revenue)
(9.7)/(2.1% of Revenue)
Adj. EBITDA
D&A (ordinary only)2
261.5/(56.8% of Billings)
(16.3)2
Adj. EBIT/Operating profit (EBIT)
245.2/(53.3% of Billings)
(4.7)
(24.8) 3
(51.6)
164.0/(36.0% of Revenue)
D&A (total)
41.1
EBITDA
Tincl. other income/expenses and bad debt expenses of €14.6m
2D&A excl. amortization intangible assets from PPA
3 amortization intangible assets from PPA
25
Q4/ FY 2020 Preliminary Results (unaudited) - Investor Presentation
205.1/(45.0% of Revenue)
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