Ssh Communications Security Oyj · OMXHEX:SSH1V

Ssh Communications Security Oyj — Q1 2014 Earnings Presentation

9 slides from Ssh Communications Security Oyj's earnings presentation, Apr 24, 2014

  1. Slide 1: SSH Communications Security Q1 2014

    24.4.2014 Copyright 2014 SSH Communications Security

  2. Slide 2: Contents

    Contents • The Business SSH is in • Highlights from Q1 • Financial performance • Key management market • Going forward Copyright 2014 SSH Communications Security

  3. Slide 3: The business SSH is in

    The business SSH is in • Cybersecurity applications for server access and encryption in large IT-environments (private and public) • Key management • Access management • Data in transit encryption • Our customers include more than half of the biggest financial institution in USA • 90% of sales outsi

  4. Slide 4: Highlights in Q1

    Highlights in Q1 • Sales flat, profitability declined, cash position remained strong • Sales 2,9M (Q1 2013: 2,9M); -1% YoY • EBIT -0,9M; -31,1% of net sales (0,1M; 1,9%) • Cash flow from operations +0,4M (+1,3M), cash position remained strong • Cybersecurity • Interests and needs increasing, but dea

  5. Slide 5: Challenging Q1

    Challenging Q1 Q1´13 Q2’13 Q3’13 Q4’13 Q1’14 • Q1 sales declined by -1% Sales M€ 2,9 3,3 3,0 4,1 2,9 • Deferred revenue remains strong OPEX M€ 2,5 3,0 2,8 3,1 3,2 • Weak licence sales a EBIT M€ 0,1 -0,1 -0,4 0,6 -0,9 disappointment % EBIT % 1,9 -1,3 -9,1 14,0 -31,1 • Sales cycle longer than anticipa

  6. Slide 6: Balance sheet allows investing in growth

    Balance sheet allows investing in growth 2011 2012 2013 Q1´14 6,4 12,5 13,5 12,2 • Positive cash flow from B/S M€ Cash and cash operations equivalents M€ 2,4 6,6 6,0 5,8 • Strong cash position Cashflow from operations M€ -0,8 1,3 0,4 0,4 remained ROE % -110 31 2 -14 Equity ratio % 36 70 77 76 Gearin

  7. Slide 7: Key management market

    Key management market IBM RSA Thales SSH Communications Security Safenet Venafi Venafi RSA Safenet PKI Vendors SSH key mgmt other (military,..) Certificate key mgmt Storage key mgmt Picture not in scale Copyright 2014 SSH Communications Security

  8. Slide 8: Going forward

    Going forward • Focus on encryption and server access control has put SSH in an excellent position to solve pressing data security problems in the enterprise • Capitalize on 1-2 years lead in SSH Key management • SSH utilize actively its patent portfolio • SSH looks opportunities in governmental seg

  9. Slide 9: Thank You!

    Thank You! Copyright 2014 SSH Communications Security

SSH Communications Security — Q1 2014 Earnings Presentation on 6ix