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According to the company's Business Plan for the years 2021 and 2022.

Altia presents today its Business Plan for 2021 and 2022, which represents an increase in its net profit of 50% from 6.2 million euros in 2020 to 9.3 million in 2022. The Business Plan estimates a Net Profit in 2021 of 7.8 million euros, which represents an increase of 25.7% over that obtained in 2020, and 9.4 million euros in 2022, which is 20.4% more than expected in 2021, supported, on the one hand, by the projected improvement in EBITDA, since this figure is expected to grow 22% in 2021 (from 11.7 million to 14.3 million) and 17.2% in 2022 (from 14.3 million to 16.8 million) and, on the other hand, due to the improvement in the Group's financial results.

In addition, according to the technology consultancy document, the Compound Annual Growth Rate (TACC) consolidates a growth of 25.9% for the period 2019-2022, with a forecast of the incorporation of 237 professionals in that two-year period.

The Plan presented and approved by the Board of Directors proposes a first year of business consolidation, making the necessary investments and adjustments, and debt reduction derived from the incorporation of Noesis to the Group, which took place in 2020, as well as a second year of growth with improved profitability and higher cash generation.

The business group led by Altia continues to work actively on incorporating inorganic growth operations despite the fact that they are not contemplated within the Business Plan due to the prudence with which the Company always makes its projections In relation to its professionals the great challenge it faces in the next two years is to obtain and retain the necessary talent to be able to execute the projected sales in the Business Plan. It continues to strongly believe in a policy of controlled and profitable sourcing of resources based on the sales obtained, in a new environment characterized by the consolidation of 'telework' in the labor market, with special attention to policies related to conciliation and improvement of the employee's 'experience' with formulas of greater flexibility, equality, digital disconnection and maximum transparency in the management of people.

“With this Business Plan, we are marking a roadmap for the next two years marked by the uncertainty arising from the evolution of the COVID-19 pandemic,” said Tino Fernández, president of Altia. “In spite of this, in the Group we have demonstrated a robustness and adaptability that allows us to present a plan to continue growing well-positioned at the forefront of a sector as competitive as ours”.

Seven major lines of business

Altia is an independent Spanish consulting and services company in the Information and Communications Technology (ICT) sector that develops projects for practically all economic sectors (Public Administration, Industry, Services, Telecommunications, Financial Services...).

The Altia Group structures its professional and services offer in seven main business lines: Outsourcing and systems maintenance; Managed Services and cybersecurity; Own Solutions; Implementation of third-party solutions; Technological consulting; Development of computer applications and Supply of hardware and software.

It operates in Spain through its offices in the autonomous communities of Galicia, Madrid, Castilla-León, the Basque Country, Castilla-La Mancha, Valencia, Catalonia, the Canary Islands, and the Balearic Islands, through the companies in which it participates, as well as through its participation in certain temporary joint ventures (UTEs). It is present in Chile through an Agency and, in Portugal, Brazil, Holland, Ireland, and the USA, through the Group companies established in those countries, which make up the Noesis subgroup, which it controls in its entirety.

The Business Plan for the years 2021-2022 sets out strategic lines of action. It is based on a cost and operational structure that has traditionally been well dimensioned, based on this, and with the acquisition of Noesis and the technological leap taken with very innovative services, solutions, and products and in clear harmony with global technological trends, the main lines contained within the Plan are commercial in nature, with an increasingly international dimension. These lines include increasing positioning in international markets in which the Group is already present and characterized by recurrence, higher tariffs, and better financial conditions, increasing its portfolio of large clients with greater potential for implementing ICT projects and, at the same time, consolidating the position within those clients by cross-selling Altia and Noesis products and services. In addition, it aims to promote those lines of business that contribute more significantly to the Group's results, the continuous search for value-added projects, with significant volumes, sustainable margins, and good economic and financial conditions, as well as the process of focusing from the point of view of demand, with higher recurring sales with current clients and, in large-scale contracts, promoting strategic alliances with other companies and organizations in the sector. Finally, increase productivity and profitability through optimal management of available resources, with a Group size that should already allow the scalability to be maximized.

With regard to more operational lines of action, the establishment of specific plans for certain cross-cutting business units in order to accelerate their growth, the contracted and profitable hiring of human resources, improving the 'employee experience' with formulas of greater flexibility, continuing the process of analysis and mitigation of global business risks, advancing the implementation of financial control and regulatory compliance systems, confirming the firm commitment to innovation, both at the technological level, giving continuity to investment policy in R&D+i, as well as at the customer relational level, through the search for new business formulas as well as consolidating the Noesis integration process.

In these two years, there are also other traditional lines of action that have already appeared in previous Altia Business Plans, such as the generation of cash flows, the optimization of the management of the Working Capital, the reduction of a low indebtedness via growth, and the application of part of the cash flows generated, and the generation of profits for shareholders via dividend distribution.

With these lines of action, Altia wants to continue growing in an orderly manner and with sustainable margins, as it has done so since the creation of its parent company in 1994.

Business Plan 2021 - 2022