October 29, 2021

RIB Group announces its figures for the first nine months of 2021: Group revenue grow by 10.2% to € 204.1 million

- Group revenue grows by 10.2% to € 204.1 million (previous year: €185.2 million, adjusted for discontinued e-commerce operations)

- Recurring revenue (ARR) grows by 7.3% to € 117.1 million (previous year: € 109.1 million)

- License revenue (NRR), adjusted for the Phase III deal included in the previous year (€ 7.9 million), increases by 13.8%

- International revenue rises by 15.7% to € 135.8 million (previous year: € 117.4 million)

- International share of revenue increases further to 66.5% (previous year: 63.4%)

Stuttgart, Germany, October 29, 2021. RIB Software SE the world's leading provider of iTWO 4.0 cloud enterprise platform technology today announces its key financial figures for the first nine months of 2021.

Major indicators of the Group for the 9-month period of 2021

The previous year's figures stated below have been adjusted for the xTWO/e-commerce operation discontinued in the previous year. Total revenue increased by 10.2% to € 204.1 million (previous year: € 185.2 million). Recurring revenue (ARR) increased by 7.3% to € 117.1 million (previous year: € 109.1 million). License revenue (NRR) decreased by 9.7% to € 34.6 million (previous year: € 38.3 million). Adjusted for the Phase III deal included in the previous year's period (€ 7.9 million), NRR revenue increased by 13.8%. Service revenue continued to develop very positively due to the high number of projects and increased by 38.6% to € 52.4 million (previous year: € 37.8 million). Organic revenue growth in the Group amounted to 3.2%.

EBITDA fell by 17.2% year-on-year to € 50.1 million (previous year: € 60.5 million). At € 52.7 million, operating EBITDA was down slightly by 3.8% on the previous year (€ 54.8 million); adjusted for the Phase III deal in the previous year, operating EBITDA increased by 12.4%.

Net cash flow from operating activities sank by 25.2 % to € 46.7 million (previous year: € 62.4 million).

At the end of the third quarter, group liquidity amounted to € 202.9 million (December 31, 2020: € 224.0 million). The average number of employees changed by 38.4% to 2,610 (previous year: 1,886).

Development of the segments

Total revenue in the iMTWO segment increased by 10.3% to € 203.9 million (previous year: € 184.9 million). Adjusted for the Phase III deal included in the prior-year period, revenue in the iMTWO segment grew by 15.2%. Recurring revenue (ARR) increased by 7.4% to € 116.9 million (previous year: € 108.8 million). EBITDA decreased by 16.9% to € 50.0 million (previous year: € 60.2 million). Operating EBITDA in the segment reached € 52.5 million and was slightly below the previous year's level at -3.8% (previous year: € 54.6 million).

In the YTWO segment, total revenue of € 0.3 million were at a very low level, as in the previous year (previous year: € 0.3 million, the previous year's figures were adjusted for the amounts of the discontinued xTWO/E-Commerce division). The segment EBITDA amounted to € 0.1 million (previous year: € 0.3 million).

Revenue development in the regions

International revenue grew by 15.7% to € 135.8 million (previous year: € 117.4 million). Domestic revenue increased by 0.7% to € 68.3 million (previous year: € 67.8 million). The international share of total revenue thus amounts to 66.5% (previous year: 63.4%). In the EMEA region (Europe, Middle East and Africa), revenue grew by 13.9% to € 48.3 million (previous year: € 42.4 million), in North America by 6.4% and in the APAC region (Asia Pacific) by 37.1%.

Schneider Electric Investment AG specifies transfer request and determines cash compensation for the intended squeeze-out under stock corporation law of the minority shareholders of RIB Software SE

On September 22, 2021 the main shareholder of RIB Software SE, Schneider Electric Investment AG, Düsseldorf, has submitted to RIB Software SE the specific formal request to have the General Meeting of RIB Software SE resolve on the transfer of the shares of the remaining shareholders of RIB Software SE (minority shareholders) to Schneider Electric Investment AG in return for an appropriate cash compensation (squeeze-out under stock corporation law).

The required resolution is to be adopted at an Extraordinary General Meeting of RIB Software SE scheduled for November 3, 2021. Schneider Electric Investment AG holds shares in RIB Software SE in the amount of approximately 96.28 % of the share capital.

The amount of the cash compensation offered by Schneider Electric Investment AG to the minority shareholders of RIB Software SE for the transfer of the shares amounts to € 41.72 per registered no-par value share of RIB Software SE on the basis of a business valuation carried out.

Further business development

Due to the uncertainties caused by Covid-19 and in the context of further cost reductions and preservation of liquidity, we have continued to strongly reduce investments in new business areas, such as YTWO, and are focusing on the successful expansion of the iMTWO segment.

On this basis and considering the further likely impact of the Covid-19 pandemic, provided it does not intensify during the year, we maintain the RIB Group's guidance for the 2021 financial year, according to which the company plans to generate revenue of between € 280 million and € 310 million and operating EBITDA of between € 65 million and € 75 million.

CONSOLIDATED FIGURES OVERVIEW

* The figures for 2020 only include amounts from continuing operations.

** EBITDA adjusted by currency effects and one-off / special effects.

*** Previous year as of December 31, 2020.

**** Cash and cash equivalents, time deposits and available-for-sale securities. Previous year as of December 31, 2020.

About RIB Group

RIB Software SE is a pioneer in the digitalization of the construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 6D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. RIB Software SE is a member of Schneider Electric and headquartered in Stuttgart, Germany and Hong Kong, China. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most sustainable and digitalized industry in the 21st century.