Inactive Instrument

House of Control Group AS

Equities

HOC ME

NO0010781818

House of Control : 2022-Q3 Presentation

October 27, 2022 at 01:14 am

Interim results Q3 and 9M 2022

27 October 2022

Received voluntary bid from Visma at NOK 11.20/share

Voluntary cash offer from Visma of NOK 11.20 per share announced on 26 September
- 60% premium to last traded
- 58% premium to 30 days WWAP
- 65% premium to 90 days WWAP
Unanimously recommended by the Board of House of Control
- Result of strategic process conducted by the Board in consultation with financial advisers
- Pre-acceptancefrom 33.84% of shareholders, including management and Board members
Offer period 29 September - 31 October 2022
- Transaction contingent on 90% acceptance and regulatory approval
- Transaction expected to be completed during Q4

Our long-term growth journey

+26%

ARR* and Revenue last 12 months, NOKm

225						214	215

200						195
					177	171
175
				+35%		162
150

				ARR CAGR	125 128
125				'16-21

				94	102
100
				83
75				71
			52	58
	45	44
50

2016	2017	2018	2019	2020	2021	9M'21	9M'22
					Revenue		ARR

*ARR excluding the 'on-premises' business divested 1 March 2022

Growing revenue base, EBITDA turning positive

Q3 2022 revenue of NOK 54.5m, +23% y-o-y
Organic revenue growth +15%
Expect revenue of NOK 218-222m for FY'22

Revenue last 12 months, NOKm

Continuing business
Divested business			204	214
		191		10
	177	14
162	18
22
24

		174	190	204

	156
138

LTM to Q3'21 LTM to Q4'21 LTM to Q1'22 LTM to Q2'22 LTM to Q3'22

Q3 EBITDA of NOK -2.4m
Adj. EBITDA of NOK +12.1m, excluding special items mainly relating to transaction costs and vesting of options triggered by the Visma transaction
Expect positive adj. EBITDA of NOK 16-20m for FY 2022
Expect positive Cash EBITDA from mid-2023

NOKm	Q4 21	Q1 22	Q2 22	Q3 22
EBITDA adj.	-5.0	-2.0	+1.7	+12.1
Cash EBITDA adj.	-15.5	-10.1	-5.2	+5.5

Operations

01 Highlights

02 Operations

03 Financials

04 Summary and Outlook

05 Appendix

07 Agenda

08 Agenda

09 Agenda

10 Agenda

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Disclaimer

House of Control Group AS published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 05:13:05 UTC.

Latest news about House of Control Group AS

Visma Norge Holding AS completed the acquisition of House of Control Group AS (OB:HOC) from Viking Venture AS, Luxor Capital Group, LP, Bjørk Invest As, Akkar Invest AS, Fiwe AS, Dunvik As, Nikfan As and others.	22-11-14	CI
House of Control's Takeover Bid By Visma Receives 98% Acceptance	22-11-14	MT
House of Control's $67 Million Takeover By Visma Wins Norwegian Regulatory Nod	22-11-02	MT
House of Control Group AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-27	CI
Norway's House of Control Recommends Visma's $65 Million Takeover Offer to Shareholders	22-09-26	MT
Visma Norge Holding AS agreed to acquire House of Control Group AS (OB:HOC) from Viking Venture AS, Luxor Capital Group, LP, Bjørk Invest As, Akkar Invest AS, Fiwe AS, Dunvik As, Nikfan As and others for NOK11.2 per share.	22-09-25	CI
House of Control Group AS Provides Financial Guidance for the Full Year 2022	22-09-25	CI
House of Control Seeks M&A	22-08-18	CI
Transcript : House of Control Group AS, Q2 2022 Earnings Call, Aug 18, 2022	22-08-18
House of Control Group AS Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-17	CI
House of Control Group AS Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-28	CI
Transcript : House of Control Group AS, Q1 2022 Earnings Call, Apr 28, 2022	22-04-28
House of Control Group to Seek Acquisitions	22-02-17	CI
Transcript : House of Control Group AS, Q4 2021 Earnings Call, Feb 17, 2022	22-02-17
House of Control Group AS Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021	22-02-16	CI
House of Control Signs an Agreement with Cillco Technogy AS	22-01-27	CI
House of Control Group AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-04	CI
House of Control Group AS (OB:HOC) acquired Keyforce Norge AS.	21-11-02	CI
House of Control Group AS (OB:HOC) entered into an agreement to acquire Keyforce AS.	21-10-28	CI
Certain Ordinary Shares of House Of Control Group As are subject to a Lock-Up Agreement Ending on 20-OCT-2021.	21-10-19	CI
House of Control Group AS completed the acquisition of Egreement AB for SEK 43.3 million.	21-09-23	CI
House of Control Group AS agreed to acquire Egreement AB in Sweden.	21-09-13	CI
House of Control Group AS Announces Unaudited Earnings Results for the Second Quarter and First Half Year Ended June 30, 2021	21-08-19	CI
House of Control Group AS Announces Executive Appointments	21-05-05	CI
House of Control Group AS Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2021	21-04-28	CI

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Company Profile

House of Control Group AS is a Norway-based tech company that develops Software as a Service (SaaS) solutions for contract management and International Financial Reporting Standard (IFRS) 16 compliance. The Company operates as a holding Company for the House of Control Group. The Group's business is divided into three segments: Norway, Sweden and Denmark. House of Control's product portfolio includes Complete Control, a cloud based contract management software as well as IFRS 16 software solution, that assists companies in complying with IFRS 16 requirements. The Group's customers include the Brandsdal Group, the Norwegian Competition Authority, Akerbla and Municipality of Umea. The Company has several subsidiaries, such as Effectplan International AB, Business Analyze AS Keyforce AS and House of Control Midco AS.

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