Exasol publishes audited consolidated financial statements for 2023 and
result for Q1 2024

EQS-News: EXASOL AG / Key word(s): Quarter Results/Annual Results
Exasol publishes audited consolidated financial statements for 2023 and
result for Q1 2024

07.05.2024 / 09:44 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Exasol publishes audited consolidated financial statements for 2023 and
result for Q1 2024

- ARR 2023 as preliminarily reported at EUR 41.7 million (+18% above
previous year)
- Preliminary result for Q1 2024 also confirmed: ARR +16% compared to March
31, 2023
- Operating result (EBITDA) in Q1 2024 positive for the first time since IPO
at EUR +0.3 million
- Cash and cash equivalents of EUR 20.7 million as of March 31, 2024
- Outlook for 2024 confirmed

Nuremberg, May 7, 2024: Exasol AG, a global technology company and provider
of a high-performance analytics database, today published its audited
consolidated financial statements for 2023, confirming the preliminary
results from February 2024. Accordingly, the company increased its
annualized recurring revenue (ARR) by 18.1% to EUR 41.7 million (2022: EUR
35.3 million), as preliminarily reported. In the same period, revenue
increased by 5.7% to EUR 35.1 million (2022: EUR 33.2 million). Adjusted
earnings before interest, taxes, depreciation and amortization (adj.
EBITDA)* improved significantly to EUR -5.4 million, compared to a loss of
EUR -13.4 million in the previous year.

At the same time, the company presented its final figures for the first
quarter of 2024, confirming the ARR figure of EUR 40.7 million published in
April (Q1 2023: EUR 35.0 million, like-for-like). This corresponds to an
increase of 16.0% on a like-for-like basis. Preliminary Group revenue in the
first quarter of 2024 was also confirmed, rising by 12.5% to EUR 9.9 million
(Q1 2023: EUR 8.8 million). With earnings before interest, taxes,
depreciation and amortization (EBITDA) of EUR +0.3 million, Exasol is
profitable for the first time since its IPO in May 2020. In the previous
year, a loss of EUR -2.2 million was recorded. The management therefore
continues to expect to achieve a positive operating result for the full
year.

As previously reported, cash and cash equivalents increased to EUR 20.7
million at the end of the first quarter of 2024 (December 31, 2023: EUR 13.3
million). Adjusted for extraordinary effects** net cash flow thus amounted
to EUR 7.8 million in the first quarter and more than doubled compared to
the same period of the previous year (Q1 2023: EUR 2.9 million,
like-for-like).

'The results presented today show that we are well on track to lead Exasol
into the profit zone for the full year,' explains Jörg Tewes, CEO of Exasol
AG. 'In addition, we see a good development of our sales pipeline, which
will lead to an increase in ARR in the second half of the year again. We are
therefore confident to achieve our annual targets.'

Outlook for 2024 confirmed

For the 2024 financial year, Exasol expects ARR to increase by up to 10%
compared to the previous year. The increased churn rate in 2023 is expected
to have a negative impact on ARR development, particularly in the first half
of the year. This is due to the continuing challenging economic situation in
the EMEA region and the associated cuts in IT budgets at some larger
customers. In the second half of 2024, the growth initiatives launched at
the end of 2023 are expected to take effect and lead to a return to positive
ARR development. Exasol expects consolidated revenue to increase by 10 -
15%, with a positive operating result (EBITDA) that will be significantly
higher than in the previous year. Cash and cash equivalents are expected to
remain stable at over EUR 10 million at the end of 2024 compared to the
previous year.

Key figures Q1 2024

    (in mEUR)            Q1 2024    Q1 2023     Change
    ARR (as of 31.3.)  40.7       35.0        +16.0%
    Revenue            9.9        8.8         +12.5%
    EBITDA             0.3        -2.2        n/a

                       31.3.2024  31.12.2023
    Liquid funds       20.7       13.3        +55.6%

* EBITDA is adjusted for effects from stock appreciation rights granted to
the Executive Board and employees prior to the IPO in 2020 and for the costs
related to the capital increase in June 2023.

** This does not include payments to employees for bonus entitlements from
the 2020 IPO in the amount of EUR 0.4 million (previous year: EUR 1.9
million), which are now fully settled with this final payment.

IR Contact
Christoph Marx
Head of Investor Relations
Tel: +49 911 2399 114
E-Mail: ir@exasol.com


---------------------------------------------------------------------------

07.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        EXASOL AG
                   Neumeyerstraße 22-26
                   90411 Nuremberg
                   Germany
   Internet:       www.exasol.com
   ISIN:           DE000A0LR9G9
   WKN:            A0LR9G
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1896969

End of News EQS News Service
---------------------------------------------------------------------------

1896969 07.05.2024 CET/CEST