Good morning everyone, welcome to the Q1 results presentation for Mintra. My name is Scott Kerr, we will be going through the results in five different sections. If we go to the next slide, I'll do a quick highlights, and then Ian Mackie, our CFO, will do a review of the Q1 financials. Kevin Short will do a review of the business update and the Safebridge acquisition. We'll do a short summary and then open for question and answer. We expect this presentation to last 20-25 minutes. Just as a reminder, if we look at the next page, then Mintra is a technology company providing e-learning and mission-critical HCM software. We continue to see very good growth throughout the first quarter and in line with what we had anticipated at our Capital Markets Update. If you look at the highlights for the quarter, the first is that we completed our acquisition of Safebridge in February of this year. It was the first company we had acquired since the listing in October. That integration was fully successful. By the end of the quarter, the company was delivering profitable results to us, and we had worked already through that integration. We've seen a rebound in e-learning usage as anticipated, and we continue to see a rebound in increasing usage of the e-learning products throughout the quarter. Our human capital management software, we saw some results of the tail end, if you like, of the COVID issues with some companies wanting to reduce the number of ships as they waited for the recovery. We've had new sales and new integrations, and those implementations were undertaken in Q1 and will lead to a rebound in that revenue stream as we look forward through the year. Based on everything we've seen in Q1 and so far, we are reiterating our outlook and our guidance. We will continue to see that as we had anticipated in the capital markets, and most importantly, the company remains cash generative and well-funded for growth. Those are the highlights for Q1. We're fully in line with what we anticipated for the year and what we messaged at the Capital Markets Update. Let me turn back to the agenda, and then we will turn over, which is the next slide, and then we will turn it over to Ian Mackie, who will talk about the Q1 financials. Thank you, Scott. My name's Ian Mackie, and I'm the CFO here at Mintra. I'm going to take you through the quarter one financial performance. If we move to the first slide, as Scott mentioned, we are overall seeing a rebound from the previous quarter, although our figures are not quite back at those Q1 2020 pre-COVID levels, but certainly heading in the right direction. If you look at the graph on the right-hand side, which shows the underlying development on a pro forma basis, therefore including the results of Safebridge in all three reported periods, and underlying EBITDA adjusted for quarter four listing costs of NOK 2.6 million and acquisition costs in Q1 of NOK 4.3 million in the first quarter of this year. As you can see, we almost doubled that underlying EBITDA number from quarter four's NOK 8 million to NOK 15 million in quarter one and lifted that underlying EBITDA percentage back up to 25%. As Scott mentioned, e-learning was the main driver behind this sequential growth in the first quarter, with both Mintra and the Safebridge business seeing improved e-learning results. Safebridge overall accounted for NOK 12 million of that revenue in quarter one. As Scott said earlier, we're really happy with the fast turnaround of the integration process so far. However, the EBITDA from Safebridge was limited in the first quarter and after acquisition costs was slightly negative. We expect from Q2 onwards Safebridge to be in that profit-making zone for the rest of the year. If we move to the next slide now, we'll take a closer look at those revenue figures in each of our key segments. As I've said, we saw revenue in the e-learning business increase by NOK 6 million or approximately 50% on that quarter four number, with Safebridge on top of that, adding a further NOK 12 million of e-learning revenue. Our HCM revenue line saw a temporary dip in quarter one as a small number of our customers adjusted the number of their vessels and users upon their subscription renewal as a result of COVID. We've been working on a number of major implementation projects in the quarter. This will generate a significant increase in that subscription revenue line as we move into the second half of the year. The consulting business has remained stable at moderate levels in the quarter, and we expect to continue to utilize our consultants both in e-learning and HCM to work on internal R&D projects going forward. If we move to the next slide, we'll take a quick look at gross margins. Overall, we see that our margins continue to remain high and stable in both our key business segments with a sharp improvement in the actual gross profit in e-learning, which more than compensates for the slightly lower gross margin in HCM software. If we move on to the next slide, we can see that actual reported EBITDA was NOK 10.4 million for the first quarter, which compares to NOK 21.5 million on an actual basis in the same quarter last year, and NOK 18.6 million on a pro forma basis. The acquisition of Safebridge adds an element of depreciation and amortization of intangibles to our existing number, but is stable on a pro forma basis, we report an operating profit of NOK 3.1 million for the quarter. Net financial costs are NOK 2.2 million and are therefore significantly lower than the same quarter last year, primarily as a result of the various refinancing events, including the listing in 2020. We remain profitable with a profit before tax of NOK 1 million, which compares to a loss of NOK 21.9 million on an actual basis and NOK 27.5 million of a loss on a pro forma basis on the same quarter last year. Turning to the next slide, we'll take a look at cash. Mintra continues to be a highly cash generative business, and cash flow from operations remains strong at NOK 33 million for the first quarter. As the graph shows, the cash flow from operations continue to exceed EBITDA by a significant margin. This reflects the net positive working capital development in quarter one, primarily as a result of receipts from those subscriptions which were renewed in quarter four 2020. In summary, the cash flow and the solid financial performance leaves us with that significant financial flexibility and room for further expansion. If we move to the final slide, a brief section on the balance sheet. You can see that our cash and equity have remained strong with NOK 185 million in the bank after the acquisition of Safebridge, attaining that 75% equity ratio. Now, with that, I'll hand over to Kevin, who will run you through some of the key operational highlights for the quarter. Thanks, Ian. Over the next few minutes, I'm going to take you through a brief review of our business in quarter one and focus on the integration that's been happening with respect to the recent acquisition of Safebridge. Moving to the next slide. When we think about Safebridge, it is a German, Cypriot company. It has three key parts of its business that we're interested in, which is the reason why we acquired it. The central piece is that of training. There is a significant e-learning library around the ECDIS, which is the Electronic Chart Display and Information System, which allows seafarers to navigate into ports, which is the fundamental, the central piece of the e-learning coming from Safebridge. The second piece is the assess, and this really is the ability of Safebridge systems to ensure that the knowledge transfer of those courses has taken place of the seafarers. The third piece really is the certification, the certify, myCert, which gives the seafarer the ability to ensure that once they've completed that e-learning, they've got that certification, it's tracked and traced within our systems. Moving to the next slide. When we think about Safebridge, and as the gents have said earlier, it's been a strong turnaround story. There's three key parts of the acquisition and the integration of Safebridge into Mintra. The first piece being the rapid turnaround. We were able to identify significant costs that we could remove from the business, allowing the business to move from a break-even position to an area of about 30% margin in just six weeks. We were also able to identify and retain all of the customers from Safebridge as well as all of the key suppliers, so thereby adding around 500 customers to the Mintra portfolio. Finally, what we've noticed already is there's strong opportunity for this upsell, this cross-sell between the two companies. Bring some of the products to the Safebridge customers and vice versa, bringing some of those key Safebridge products into the Mintra company and Mintra customers as a whole. Moving to the next slide. When we think about our M&A strategy, it really identifies why Safebridge was such a great acquisition for the company. When we think about the key areas for us, there's the four key places that we look for when we look to acquire a company. That of a company that will provide extra courses, extra technology, partnerships, and/or capabilities. When we think about Safebridge, we get those new courses that come into our portfolio with that certification and assessment and the partnerships that come from those original equipment manufacturers. Clearly, Safebridge has brought us more customers and more geographies, 500 new customers and many new geographies that we can access through this acquisition. The revenues which come from Safebridge, as Ian suggested, between NOK 30 million and NOK 35 million that we'll see during 2021. By being able to identify those costs that we could leverage and remove, we take that company, and we get a positive contribution into our EBITDA, which allows us to go round that wagon wheel in terms of an M&A strategy. Moving to the next slide. If we just think about Safebridge for a second. As I said, we've got those strong, specialized courses that come through, giving us that 50 extra courses into our Marketplace. Look at those industry partnerships, some great names that we're able to align with and bring into the Mintra family. Moving on to the next slide. When we think about the business review and what has happened since the acquisition of bringing in Safebridge, we can see that those three strains of our business has changed. The mix has changed. Last year, it was 40/40/20. This year, we can see with Safebridge that we're getting a greater level of revenue coming from e-learning, which obviously makes the other two sectors depreciate slightly. Moving to the next slide. We can see that it's had a dramatic effect when we look at the actual sectors that we get our revenue from. Looking at quarter one 2021, we can see that maritime, for the first time, has grown and is the biggest part of the revenue that comes into the group, with energy right behind and the other sectors coming in around 18%. Which gives us tremendous excitement when we look to other industries that we'll work into, those compliance-driven industries, as we move into those sectors towards 2022. Moving to the next slide. We have our KPIs. These are our KPIs that we reported at the CMU and our quarter four. We can see that we've got the three pillars. We look at our e-learning. We can see that with the Safebridge courses coming on, our content library is over 2,500 titles. The share of revenue is up to 33% from our Marketplace, which is a key strategy in terms of our revenue growth. Our HCM platforms in terms of our Trainingportal, our e-learning customers, and our OCS, our HCM customers, we can see strong numbers in terms of the number of users inside that technology. When we look at Mintra Group, we look at that high share of predictable revenues at around 98%, and that annual recurring revenue up to NOK 106 million. I'm going to hand you back now to Scott, who's going to summarize our presentation here this morning. Thank you very much, Kevin. If we go to the next slide, we can see that I will just do a quick summary and outlook for the remainder of the year. Going to the next slide. We can see that really just as a summary, that Mintra sits at the crossroads of four key mega trends. We see those continuing through the coming years, whether it's education, digitalization, regulations, and/or sustainability, we are positioned well for competing in those areas. The Q1 results, while being very strong, don't actually show all of the progress that we've made in being able to deliver against those four mega trends. I want to take a minute and go through that right now. We go to the next slide. You can see that we are really positioning for growth in 2021, but also growth going forward. It's our online Marketplace and a return of the e-learning revenues that were impacted by travel restrictions last year. We have 100% renewal of our software and Trainingportal contracts. Our customers are with us, and as they grow out of this pandemic, we will grow along with them. We've grown substantially in maritime, and we see opportunities in other industries. As Kevin has indicated, Q1 was the first quarter where revenues from maritime exceeded our revenues from oil and gas and energy clients, and we see that trend continuing. We're adding sales resources, and we're being approved by the STCW as a trainer. Not only that, but we're also, as we said before, looking heavily into Middle East and Asia. Specifically, India has been hit recently with another very devastating wave of COVID, and that is impacting all of our customers, as it is some of our employees in India. Again, as we work through this and come out on the other side of the COVID pandemic, we see very good opportunities for growth. Looking at the next slide, that's why we're able to reiterate our guidance. If you look at it again, organic growth this year in excess of 10%, but in the medium term, over 15%. Continuing growth in our EBITDA margins. As we indicate, we've done one acquisition this year so far. It's turned out to be extremely good, and we're very excited about the opportunities with it. In the medium term, we see one to two a year. You'll notice that we announced the placement of a new member of the management team really focusing on those acquisitions and how can we really deliver those. We see significant opportunities, and that allows us then to reiterate our guidance for this year and for the medium term. Thank you very much, and we'll now open up for questions. I think the best way to do that is there's a box under your video which will allow you to fill in your name and email and a question, and we can then respond to those questions as they come in. Thank you very much, and we'll take the questions now. I'm not seeing any questions come through, but maybe that's just that they're going to take a while. I will just take the opportunity to say that we also made an announcement this morning that I will be moving to a board position within Mintra and that Kevin Short, who's on this call as well as the Chief Commercial Officer, will be taking over as the CEO of Mintra. I'd say decision that I have come to be able to really help continue growing the company, but from a different position, and I'm excited that Kevin's able to take over as the CEO, effective from the annual general meeting at the 26th of May. I wanted to go ahead and make sure that people saw that announcement as well, that there'll be some changes made at the senior management level within Mintra. Okay. We're still not seeing any questions come through. Maybe it's my machine not updating. We'll wait just a few more minutes and see if any questions do come through, and then we'll end this quarterly update. Okay. Not seeing any questions come through, so I think what we'll do is thank you very much for your time, and we will stop the presentation now. If you do have questions later on or want to get in touch, you do know how to get in touch with myself, Ian, or Kevin. Thank you very much.
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