ATOSS Software (AOF) Investor Presentation summary

Market position and business overview

• Leading provider in workforce management with over 30 years of experience and customers in 50 countries, including 31 in Europe.

• Serves enterprise, SMB, and small business segments with a full-range product portfolio, integrating over 4 million employees.

• Recognized for innovation, investing 16% of revenue in R&D and maintaining high customer satisfaction.

• Double-digit revenue growth year-over-year since 2014, with a 34% EBIT margin and low cloud churn rate of 2%.

• Solutions deliver significant efficiency gains, including up to 70% reduced personnel costs and 90% savings in overtime.

Financial performance and key metrics

• Achieved 19 consecutive record years, with total revenue reaching €125.9 million in Q1–Q3 2024, up 14% year-over-year.

• Software revenue grew 16% to €91.5 million, with cloud and subscriptions up 37% and recurring revenue comprising 73% of software revenue.

• EBIT margin reached 36% in Q1–Q3 2024, and net profit increased 33% to €32.9 million.

• Cash flow from operating activities was €61.7 million, with cash and equivalents at €95.9 million at period end.

• Market capitalization stood at €1.26 billion as of Q3 2024, with a strong equity ratio of 52%.

Cloud transformation and recurring revenue

• Cloud and subscription share of recurring revenue rose to 65% in Q1–Q3 2024, with cloud ARR up 37% year-over-year.

• Net retention rate for cloud business is 116%, with average churn rate at -2.8%.

• Cloud order backlog increased 32% to €80.1 million, supporting future growth ambitions.

• Crewmeister, the SME cloud solution, is on track for positive EBIT by 2025 with ~19,000 customers and €9 million ARR.

• Cloud services deliver higher accumulated revenue after 3.5 years compared to on-premises models.