Why invest in SmartCraft

1  Business critical SaaS solutions for the construction industry

  • Digital solutions for construction companies in Norway, Sweden and Finland
  • Market leader with deep domain expertise within the construction industry
  • Mission critical software at a small ticket size for customers
  • User-friendly full SaaS offering
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2  Market leader in a fragmented market with vast potential for digitization

  • Construction industry among the 10% least digitized industries
  • Construction workers in SME companies spend majority of time on administrative or other unproductive tasks
  • SmartCraft is the enabler for construction companies and craftsmen to go digital
  • Addressing a currently fragmented market estimated at NOK 10.5bn when fully penetrated, implying a 15% CAGR in the period 2020-2025

3  Multiple levers for organic growth driven by a strong commercial organization and proven go-to-market model

  • Continue to capitalize on position and underpenetrated market
  • Up-selling and price optimization
  • Cross-selling existing portfolio of services and modules across segments and geographies
  • Deepen and expand presence – entering new industry verticals and adding new SaaS modules

4  Strong M&A track record

  • Six successful acquisitions in the period 2017-2021
  • Targeting complimentary solutions or similar best-in-class solutions in new geographies
  • Acquired companies serve as bridgeheads for cross-selling of existing services
  • Proven M&A process, identifying targets, integrating acquired solutions and growing through cross-selling and other synergies
  • Significant M&A pipeline with double digit ongoing dialogues

5  Outstanding financial track record with high growth, scalability and strong cash generation

  • Revenue CAGR 2018-2020: 71% to NOK 219.3 million (including full-year effect of Congrid acquisition)
  • 2020 recurring revenue: 93%
  • 2020 adjusted EBITDA margin 41%, supported by growing subscription base, increased average revenue per customer and sustained low churn
  • 110% cash conversion, supported by negative net working capital as a result of up-front payments

6  Strong medium term financial targets

  • Organic growth of 15-20% with bolt on M&A on top
  • Margin expected to increase due to scalability of platform

Contact

gustav line

Gustav Line
CEO

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Gustav Line

CEO

gustav.line@smartcraft.no
kjartan bøe

Ola Nordmann
Customer Support

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Kjartan Bø

CFO

kjartan.bo@smartcraft.no
gustav line

Gustav Line
CEO

Lorem ipsum..

Gustav Line

CEO

gustav.line@smartcraft.no
kjartan bøe

Ola Nordmann
Customer Support

Lorem ipsum..

Kjartan Bø

CFO

kjartan.bo@smartcraft.no