He llo, welcome to Cano py Holdings Q4 FY23 presentation. I'm Christian Erlandson, your CEO, and with me today is James Price, our CFO. James will take you through our financials for the quarter, as well as year-end and our KPIs, so stay tuned. I will start today by taking you through our business update, as we have a few significant messages to share. We'll also update you on Q4, year-end financials, leading to our KPIs, and wrapping up with a reaffirmation of our guidance for FY24. After that, we'll take your questions. For those of you not familiar with Canopy Holdings, we've created a platform to help resorts and attractions increase revenue, reduce costs, and improve customer journeys through digitizing key processes. Canopy Holdings is focused on creating a sustainable future for our partners by creating a purpose-driven organization, addressing mega trends impacting our industries we serve. This is a big market, so we have a lot of runway to go. On our business update, since we last spoke, we have completed our private placement. The round was significantly oversubscribed and covered by existing shareholders. This funding provided the company with a clear path to profitability, and furthermore, shows that the existing investors have a strong belief in the trajectory of the company. In more recent moves, I've taken on the role of CEO of Catalate business and would like to take a moment to wish Matt Cohen all the best. He's been a big part of the Catalate journey from the very beginning, and I would like to wish him well in his future endeavors. On the back of this change, I've initiated a initiative focused on bringing the three businesses together. That is Canopy, Catalate, and Spotlio. My objective is to combine the strengths of all three businesses by leveraging their unique capabilities, optimizing operational efficiencies, stimulating sustainable top-line growth, and accelerating forward together. The outcome of this ambitious initiative will not only foster collaboration, but will also strengthen our position and our approach in the industry. Details of the outcomes in this initiative will be shared with you in our quarterly earnings statement in September. Last but not least, partnerships. We've recently announced two significant partnerships this week. The first partnership is with JB Concept, a leading provider of sales solutions in the ski resort area in France as well as Switzerland. They've contracted with us to integrate Dynamic Pricing into their e-commerce platform, allowing us to meet the ultimate demand of the shared community by offering them comprehensive, innovative solutions. Building upon the success of our collaboration with Val Cenis, who recently renewed the partnership for another three years, Val Cenis have offered an innovative new solution, offering guests to purchase Weather Guarantees for their lift tickets. We've done this in partnership also with Sensible Weather, a company that we've been working with in the States, in the parks and attractions arena over the last two years. This guarantee and the e-commerce platform will allow, you know, during times of rain or snow, the consumers will know that they have assurances that if there is a cancellation, they will be fully reimbursed. This is exciting innovation. Val Cenis, the first one to bring it into the market in Europe. We go from there. Now I'd like to hand over to James, who will take you through the financials. Let's see here. Thank you, Christian. Good morning, everyone. I'm now gonna take you through the financials for both Q4 and fiscal year 2023. Starting off with the income statement, Q4 revenues, we're reporting 6% lower year-on-year. This is mainly due to a significant deferred revenue recognition adjustment in the same comparative quarter in fiscal year 2022. Overall, for fiscal year 2023, we're delighted to report 13% growth in revenues. This is led in particular by an increase in the revenues in our B2B transactional business. In terms of costs, the main headlines, personnel costs, significantly down, so 48% year-on-year in Q4. Over the full fiscal year 2023, 13% down. This is an effect of both the levers throughout the fiscal year in the organization and also our continued cost optimization actions taken throughout the year. Q4, EBITDA overall is negative 7.2 million krona. This is a significant improvement on prior year in the same comparative period, and this is really underpinning our drive to profitability. We're both growing top line and also continuing to rationalize our cost base. Take you briefly now through the balance sheet. Main item to highlight here is our cash position, which as of 30th of April, is 8.6 million krona. This is down from 77.3 million krona in the same comparative quarter, previous year. In May 2023, and following the end of the financial quarter, the company completed a directed equity issue and subsequent offering. This, both of these actions combined have increased the company's cash position by approximately SEK 40 million. Briefly now, just to touch on the cash flow statement. Total, the net change in cash in the quarter is negative SEK 8.2 million. This is down from SEK 15.9 million in the same quarter in the previous year. Looking towards FY24, just to reiterate, we expect this trend of year-over-year cash flow improvement to continue through the period, through FY24, as we both look to increase revenues and continue to lower our annualized cost base going forward, as we drive towards our goal of profitability. I'll take you briefly through the KPI update. In terms of number of B2B resorts, which you see here on the left, no major changes during the quarter. In the B2B SaaS segment, same amount of resorts, whilst growing ARR and increasing ARPA. Net decrease of 1 in the B2B transactional segment, and that signified that we ended the Q4 period, thirtieth of April, with 230 B2B resorts and attractions. In terms of ARR, we're around EUR 7 million mark as of the end of Q4. Now, I'd just like to take you through unpack the numbers in the KPIs and just two specific segments within the business. The first one is the European ski business. Here we see a strong historic traction on the graph on the left from May 2021 through to May 2023 in the 2 previous periods. Significant growth of the trailing twelve-month commissions. We also see a strong growth of 23% in the past year from current May 2023 figures, in comparison with the prior year. This is in general, now we see the end of the winter season. We can provide now an update since the last press release. We see increased commissions year-on-year throughout February, March, April, and the end of the European ski season. In terms of parks and attractions, here we see a very strong spike, very strong traction from 2021 through to 2023. This effect's continuing during the past summer season, which is typically our strong season in parks and attractions, where each month we considerably outperformed the prior year, FY22. FY23, we see strong traction already in May, and we expect to be able to provide updates and a lot more data on the promising FY24 season in our next quarterly update. Finally, I'd just like to, Christian touched upon to reiterate our guidance for FY24. We were happy to have delivered on revenue guidance for FY23, which has come in at SEK 82 million ahead of the SEK 80 million guidance provided. We'd like to reiterate our belief in revenue top line growth of around 35%, which takes us to around 110 million krona, and our continual efforts on reducing the cash burn, on addressing the cost structure, the cost base. We expect to reduce that significantly to around 15 million krona in FY24. With that, I'd like to welcome Christian back. Hello. Q&A. Q&A. There are no questions at this time, so I'd like to thank everybody for attending, and wish you a great day, and see you in September. Take care. Thank you. Bye. Bye.
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