FormPipe Software (F3J) Earnings Call Presentation

Transaction Overview - Formpipe is divesting its Public Sector business area to STG for up to SEK 850 million[4] - The Board intends to distribute a substantial portion of the proceeds to shareholders and reinvest the rest in Lasernet[4] - Major shareholders representing 20% of votes have entered into voting undertaking agreements[6] Financial Details - The purchase price includes SEK 775 million in cash at closing[7] - SEK 50 million will be paid through a loan note payable in 2029 with a 4.25% compounding interest rate[7] - An additional SEK 25 million will be paid if STG achieves a certain return on its investment[7] Business Performance (2024) - Formpipe Public's ARR was SEK 239 million with a 7% growth[8] - Formpipe Public's Revenue was SEK 306 million with a -5% growth[8] - Lasernet's ARR was SEK 220 million with a 21% growth[8] - Lasernet's Revenue was SEK 223 million with a 11% growth[8] - Formpipe Public's Adjusted Cash EBITDA margin was 15%[8] - Lasernet's Adjusted Cash EBITDA margin was 10%[8] Lasernet Business - Lasernet's ARR Q1'25 was SEK 214 million[11] - Lasernet serves various industries, with 68% of ARR from SaaS Support & Maintenance and 32% from other sources[11]