Final Results March 2018
Contents About Kape Financial results Results highlights 4 Key performance indicators 15 Our business 6 Strategy and outlook 16 Products and expertise Appendix Market opportunity 7 Growing customer base 20 Our platform 8 Market positioning 21 Core software products 9 Product portfolio 22 Growing brand awareness 23 Year to date Update on CyberGhost 11 2
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Highlights Financial highlights Operational highlights • Revenue increased to c.$66.4 • Strong balance sheet with • Acquisition and integration of • Launched subscription model million (2016: $56.5 million) a cash balance at year-end CyberGhost, performing for ReImage product, providing representing growth of c.17.4% of $69.5 million after $7.4 ahead of expectations increased earnings visibility million of acquisition related • Adjusted EBITDA** of $8.3m • Subscription retention rate • Launched ReImage for Mac payments (31 December 2016: (2016 $6.4m) Representing at 69%, providing visibility in $72.1 million) • Post period end: rebranded 29% growth revenues going forward to Kape Technologies plc • Due to solid cash generation the • Underlying Adjusted EBITDA* • 887,000 paying users globally; board has declared a special growth of 172% from core 5 million Active users cash dividend of $4.93 cents activities, excluding the Web per share amounting to $7.0 Apps and License division* million in total *The Adjusted EBITDA attributable to the Web apps and license division for 2017 is $2.1 million, (2016: $4.0 million); this division has been discontinued as of September 2017. Underlying Adjusted EBITDA from core activities, excluding the discontinued Web Apps and License division for 2017 is $6.1 million (2016: $2.4 million) **Adjusted EBITDA is a non GAAP measure and a company specifjc measure which excludes other operating income and expenses which are considered to be one ofg and non-recurring in nature 4
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