Adtran Networks Se · XETR:ADV
Adtran Networks — ADVA Optical Networking — Q4 2022 Earnings Presentation
12 slides from Adtran Networks's earnings presentation, Feb 21, 2023
Slide 1: Earnings call presentation Q4 2022 financial results
Earnings call presentation Q4 2022 financial results February 21, 2023
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements with words such as “believes”, “anticipates” and “expects” to describe expected revenues and earnings, anticipated demand for networking solutions, internal estimates and liquidity. These forward-looking stat
Slide 3: Business update and outlook
Business update and outlook Christoph Glingener, CEO © 2023 ADVA. All rights reserved.
Slide 4: Q4 and full year 2022 financial highlights
Q4 and full year 2022 financial highlights Revenues Q4 2022 Revenues 12M 2022 y-o-y + 24.1% EUR 712.1m Pro forma EBIT Q4 2022 Cash Q4 2022 in % 12.5% EUR 58.4m Record revenues and solid demand while supply challenges continue 4 © 2023 ADVA. All rights reserved.
Slide 5: Recent highlights and press releases
Recent highlights and press releases ADVA adds time-sensitive networking to 100G edge solution ADVA’s new OSA 3350 SePRC™ optical cesium clock breaks records with industry’s longest holdover ADVA answers on-premises cloud demand with Ensemble Cloudlet Adva Network Security Layer 2 encryption achieve
Slide 6: Market environment
Market environment Headwinds Investment in fiber and bandwidth Fiber still viewed as long-term value investment (needed for 5G, etc.) – capacity demand keeps growing rapidly Economic outlook uncertainty Inflation remains high, borrowing rates going up, recession risks remain high. Strong funding env
Slide 7: Business combination with Adtran completed
Business combination with Adtran completed Portfolio Customer Geographic Strength in differentiation diversity diversity focus markets • Optical core to • Balanced mix of • Balanced mix of U.S. • Full range of R&D, customer premise national SPs, regional and non-U.S. business pre-sales, post-sales •
Slide 8: Financial performance
Financial performance Ulrich Dopfer, CFO © 2023 ADVA. All rights reserved. © 2022 ADVA. All rights reserved. Confidential.
Slide 9: Q4 2022 key financials
Q4 2022 key financials Revenues (m€) Pro forma gross profit (m€) Pro forma EBIT (%) +24.1% 195.7 +27.4% +3.4pp 157.7 71.4 12.5% 56.1 9.1% Q4 21 Q4 22 Q4 21 Q4 22 Q4 21 Q4 22 Net income (m€) Diluted EPS (€) Net cash (+) / debt (-) (m€)* 36.2 -78.4% -78.4% 17.5 0.34 3.8 0.07 -19.2 Q4 21 Q4 22 Q4 21 Q4
Slide 10: Regional revenue development Q4 2022
Regional revenue development Q4 2022 Revenue split Q4 2022 (%) Revenue development per region Q4 21 – Q4 22 (m€) 101 96 98 116 93 EMEA Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 28.9% 59 59 59 57 39 59.5% Americas 11.6% Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 23 23 18 15 14 EMEA Americas Asia-Pacific Asia-Pacific Q4 21 Q1
Slide 11: Cash flow and balance sheet
Cash flow and balance sheet Cash flow breakdown (m€)* Working capital development (m€; %) Q4 20.6% 23.8% 27.4% 27.2% 26.4% 2021 2022 193.8 205.2 183.0 129.0 164.4 Earnings before taxes 12.3 9.2 Depreciation & Amortization 18.3 20.3 Increase (-) / decrease (+) in working capital 1.8 -12.7 Increase (-
Slide 12: Thank you
Thank you ir@adva.com IMPORTANT NOTICE The content of this presentation is strictly confidential. ADVA is the exclusive owner or licensee of the content, material, and information in this presentation. Any reproduction, publication or reprint, in whole or in part, is strictly prohibited. The informa
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