Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q3 2020 Earnings Presentation
16 slides from Invisio Ab's earnings presentation, Oct 30, 2020
Slide 1: INVISIO Conference Call October 30, 2020
INVISIO Conference Call October 30, 2020 | Interim Report January - September 2020 CEO Lars Højgård Hansen
Slide 2: Agenda
Bild uppdatering Agenda • CEO Lars Højgård Hansen comments on Q3, 2020. • Q&A. • Financial performance in further detail. 2
Slide 3: Strong order intake and continued investments
Strong order intake and continued investments 3
Slide 4: The financial result Q3 2020
The financial result Q3 2020 2020 2019 2020 2019 2019 SEK in millions Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% Full year Revenue 118.7 109.2 9 359.2 313.3 15 513.8 Gross profit 59.8 62.3 -4 206.9 190.2 9 313.3 Gross margin, % 50.3 57.1 57.6 60.7 61.0 EBITDA 19.1 21.3 -10 62.7 66.6 -6 142.6 Operating profit/loss
Slide 5: Development in sales and EBIT
Development in sales and EBIT 5
Slide 6: Order intake and sales can fluctuate between quarters
Order intake and sales can fluctuate between quarters • Steady long-term growth despite quarterly fluctuations in both sales and order intake. • The Q3 order intake was the second highest ever for an individual quarter and amounted to SEK 212.1 million (95.0). 6
Slide 7: American defense customer placed a SEK 44 million order
American defense customer placed a SEK 44 million order • An existing customer in the US Department of Defense placed the single largest order in the quarter, worth SEK 44 million. • The order was obtained via our American GSA contract. • The order includes advanced communication and hearing protect
Slide 8: Strong interest in the Intercom system
Strong interest in the Intercom system • In Q3 we received several smaller orders for the Intercom system from specialist units in the USA and Europe. • One of specialist units were the US Army 2nd Security Force Assistance Brigade (SFAB). • Despite COVID-19 and travel restrictions, marketing of the
Slide 9: The launch of T7 strengthens our market position
The launch of T7 strengthens our market position • The launch of the INVISIO T7 is a concrete result of forward-looking investments. • The T7 is a new over-the-ear headset that sets new standards for submersibility, ruggedness, flexibility and comfort, while also offering industry-leading hearing pr
Slide 10: Broadening our offer with a new product category
Broadening our offer with a new product category • INVISIO signed an agreement with the Danish audio company N-ear for the exclusive and global sales and distribution rights for the company’s 360 audio products developed for the military and law enforcement. • The partnership broadens the INVISIO of
Slide 11: INVISIO is developing according to its established strategy
“INVISIO is developing according to its established strategy and will continue to invest in product and organizational development in 2020, both in R&D and sales. A strong base together with a clear strategy give us good conditions for continued growth.” 11
Slide 12: Questions and answers
Questions and answers INVISIO®,
Slide 13: Financial performance in further detail
Financial performance in further detail Q3 2020 13
Slide 14: Condensed consolidated income statement and comprehensive income
Condensed consolidated income statement and consolidated statement of comprehensive income 2020 2019 2020 2019 2019 SEK in millions Note Q3 Q3 Jan-Sep Jan-Sep Full year Revenue 2 118.7 109.2 359.2 313.3 513.8 Cost of goods sold -59.0 -46.9 -152.3 -123.1 -200.5 Gross profit 59.8 62.3 206.9 190.2 313.
Slide 15: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position Assets Note 30/09/2020 30/09/2019 31/12/2019 Capitalized development costs 99.0 80.5 85.6 Equipment 3.4 3.5 3.1 Right-of-use assets, leases 4 23.1 26.4 25.3 Deposits for rent, long-term 2.3 1.9 2.3 Deferred tax assets 3 4.2 5.2 1.8 Inventories 1
Slide 16: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 2020 2019 2020 2019 2019 SEK in millions Q3 Q3 Jan-Sep Jan-Sep Full year Operating activities Profit/loss before tax 8.2 21.9 46.1 62.0 134.1 Adjustments for non-cash items 5.6 -0.5 13.3 3.3 8.7 Income tax paid -4.2 -0.4 -5.3 -1.9 -2.8 Cash flow from ope