Kontron (SANT) Investor Presentation summary

Strategic positioning and business overview

• Leading provider of smart industrial IoT solutions with over 7,200 employees and €1.9bn revenue projected for 2025.

• Focused on large, growing B2B IoT market, connecting up to 1 million edge devices and servers across industries.

• Broad, diversified customer base with over 4,500 clients, including blue-chip companies.

• Fully integrated technology platform with real-time 5G/6G connectivity and proprietary software tools.

• Headquarters in Austria, listed in Germany, and member of SDAX and TecDAX.

Financial performance and key metrics

• Revenues grew 37.4% to €1,716m in 2024, with EBITDA up 52.2% to €192m.

• Gross profit increased 48.8% to €694m, and net result after NCI rose to €91m.

• Operating cash flow (adjusted) reached €149m, with a book-to-bill ratio of 1.23 and backlog of €2.08bn.

• Organic revenue growth at 1.5% and organic gross profit growth at 14.4% in 2024.

• Strong cash position with over €500m liquidity post-Katek acquisition.

Balance sheet and capital structure

• Equity increased to €652m, with an equity ratio of 35.8% at year-end 2024.

• Net debt improved to €163m after Katek integration, down from €220m.

• Working capital rose to €351m, mainly due to the Katek acquisition.

• Inventory reduced from €450m to €373m following integration.

• Proposed dividend of €0.60 per share for 2025, targeting 50% of net earnings for dividends or share buybacks.