Esker (ALESK) Investor Presentation summary

Company overview and platform

• Esker provides a cloud platform focused on back-office digitalization and document process automation, targeting procurement, order management, accounts payable, and accounts receivable workflows.

• The platform aims to modernize B2B back-office processes, increase productivity, and reduce paper consumption, supporting positive-sum growth for all stakeholders.

• Esker leverages artificial intelligence, including generative AI and machine learning, for automation, document recognition, and fraud detection.

Market position and recognition

• Esker is recognized as a leader by Gartner, IDC, Ardent Partners, and Forrester in invoice-to-cash, procure-to-pay, and accounts receivable automation.

• The company competes with major players such as Coupa, SAP Ariba, Basware, Medius, and Bill.com across its solution areas.

• Esker has a global presence with headquarters in Lyon, France, and offices across Europe, the Americas, and Asia-Pacific.

• Recent customer wins include global brands like Gucci, Danone, Decathlon, and Saint-Gobain.

Financial performance and business model

• 2023 sales revenue reached €179M, with 14% revenue growth and 8.3% net income; over €650B in transactions managed annually.

• SaaS represented 82% of total revenue in 2023, growing 17% year-over-year, while legacy products declined.

• All regions showed growth, with dynamic performance in the US and Europe; APAC growth was weaker.

• Q1 2024 revenue was €47.7M (+12%), with SaaS up 12% and bookings up 37% year-over-year.