Text S.A.

I think we're ready to go. The last thing is recording in progress. Good afternoon, everyone. Welcome to TEX Group webinar concerning KPIs for the fourth quarter of the financial year. That is the period of January to March 2024. I'm Łucja Kaseja, Manager at Investor Relations at TEX and here with me is also Marcin Droba. the head of IR at TEXT. And today it will be our pleasure, firstly mine and later on also of Marcin to discuss the recent KPIs. So let's start. The vision and mission for text remains the same as it's been for a year now. So text intelligence for better customer service. But we're also happy to share with you that next Thursday, it will be 10 years of text, previously live chat as publicly listed company. And we are very grateful to those investors who have been with us for the last 10 years because we have some investors like that. And we will take a very short moment to actually summarize those 10 years because we are quite proud of what we've managed to do. as a listed company so we started um in 2014 when there was the ipo of the company with 7 600 clients of them just live chat product now 10 years later we have almost six times more customers so actually almost 43 000 of subscriptions for paid products, live chats, chatbots, health and knowledge base. Our annual recurring revenues at the time were 6.2 million US dollars, which is less than we actually have MRR now. In those 10 years, we managed to increase those by more than 12 times. I think we were also very good at growing our earnings per share because cargo of EPS was 37.5% over that period. And we also were very consistent in paying dividends, which actually outgrew the IPO price. We did not raise the capital at the time of the IPO, but the IPO share price at the time of the offering was 18 zloty 60 groszy. And the dividends that we have paid out were over 25 Polaris Lotte. So the dividend per share actually covered well the initial share price. Once again, thank you to those investors who had been with us for those years. And that was the past. I think we will now discuss the present. And hopefully in the discussions after the presentation, we will be also able to discuss the future of the company.

Just let me say that I was there at the debut. I remember that day. So of course, on a personal level, it's also a very important anniversary for me because, you know, I remember that day and was at the Warsaw Stock Exchange at the event of the debut. So happy to be there and happy to be here now.

As always, we start with a very brief discussion of who we are. So we are a global SaaS software as a service business. We sell the products in the form of subscriptions with our main market being the United States. We have a very unique customer acquisition model. We still have the co-founders present at the company level. And we also are a dividend-paying company with, as I already mentioned, a very good track record of those. I won't go into the products in specific, because hopefully, more or less, all of you know, live chat chatbot help as a knowledge base. But I will be happy to discuss the the KPIs for Q4 of our financial year. So the very first metric that I'm going to discuss is monthly recurring revenues. So those actually stood at $660,000 at the end of March. And it is actually the good result that it is. It's the result of optimizing the structure of our product price lists and the use of products by our clients. I'm going to discuss that further. But actually, this is the quarter where we had growth. It was 2.6% year-on-year. No, sorry. 2.6% quarter-on-quarter growth and 4.1% year-on-year growth, which are a good indication of where we want to go this year.