Napatech A/s · OSL:NAPA

Napatech A/s — Q3 2015 Earnings Presentation

21 slides from Napatech A/s's earnings presentation, 2015

  1. Slide 1: Napatech A/S Q3 2015

    Napatech A/S Copyright 2015 1 Napatech A/S Copyright 2015

  2. Slide 2: Napatech A/S Copyright 2015

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  3. Slide 3: Q3'15 results overview

    Q3’15 Q2’15 Q3’14 *YoY is the growth of current quarter compared with the same quarter one year earlier 3 Napatech A/S Copyright 2015

  4. Slide 4: Revenue growth: influencing factors

    Influencing factors:  Growth in underlying business, 40% primarily driven by new customers 35% and 100G products 30%  Higher US Dollar to Danish Kroner exchange rate creates tailwind to 25% the revenue 20%  Revenue recognition and accounting adjustment have a minor negative 15% effect 10% 5% 0% S

  5. Slide 5: Margin development

    Margin development:  Focused and aggressive go-to-market 80% strategy affects gross margin in the longer run 75%  The gross margin in Q3 is in line with our plans and the long term gross margin expectation is still around 70% 70% 65% 60% 2010 2011 2012 2013 2014 Q1-Q3 2015 5 Napatech A/S Copyright

  6. Slide 6: Q3 2015 EBITDA margin

    Q3 2015 EBITDA margin:  EBITDA margin shows solid growth 25% compared to previous quarters in 2014 and 2015 20%  Growth in revenue have had a positive impact on the EBITDA - 15% margin 10% 5% 0% Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 6 Napatech A/S Copyright 2015

  7. Slide 7: Geographical split

    Geographical split:  North America increased by 46% 80% (in DKK) in the quarter as a result 60% of increased business at existing and new customers 40%  EMEA delivered 16% growth for the 20% quarter accomplished by continued successful closure of projects 0%  APAC was as expected declining -20% a

  8. Slide 8: Increased cash, expected above Q1'15 level

    Our Our focus areas Result 2015 Target YTD Result expectations Revenue Deliver to guidance 12% growth 10% growth Gross Margins Aggressive go-to-market strategy 70% 71% R&D Cost Reallocation of resources to Sales and Marketing Reduced 7% decline Admin Costs Reallocation of resources to Sales and Mark

  9. Slide 9: Napatech A/S Copyright 2015 Napatech A/S Copyright 2015

    Napatech A/S Copyright 2015 9 Napatech A/S Copyright 2015

  10. Slide 10: Foundation, Functionality, Platform

     FOUNDATION  Foundation  Functionality FUNCTIONALITY  Platform PLATFORMS 10 Napatech A/S Copyright 2015

  11. Slide 11: Napatech A/S Copyright 2015

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  12. Slide 12: Napatech A/S Copyright 2015

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  13. Slide 13: Tier 1 customer types

       Tier 1 online content provider  European based Tier 1 telecom equipment manufacture  Tier 1 social network provider  US based Tier 1 network  equipment manufacture  13 Napatech A/S Copyright 2015

  14. Slide 14: China / Taiwan, Brazil

    China / Taiwan   Brazil  14 Napatech A/S Copyright 2015

  15. Slide 15: Design wins underline pipeline of new customers

     Design wins underline:  Pipeline of new customers  Customer confidence in  Napatech technology, quality and future strategy  Support of shift in market paradigm  towards very large corporations building own solutions  Revenue streams are linked to customers' market share, their success in th

  16. Slide 16: Napatech A/S Copyright 2015 Napatech A/S Copyright 2015

    Napatech A/S Copyright 2015 16 Napatech A/S Copyright 2015

  17. Slide 17: Major shareholders

    Investor Type Country (%) Investor Type Country (%) Verdane Capital VIII Ordinary Denmark 22.2 The Bank of New York Nominee Denmark 2.3 Northzone IV K/S Ordinary Denmark 22.0 Northzea Management Ordinary USA 1.4 Vinterstua AS Ordinary Norway 4.7 Nordea Bank Nominee Denmark 1.4 Danske Bank A/S Nomine

  18. Slide 18: Guidance for full year 2015 is maintained

     Guidance for full year 2015 is maintained at:  Revenue growth around 12%  EBITDA margin around 12%   18 Napatech A/S Copyright 2015

  19. Slide 19: Napatech A/S Copyright 2015 Napatech A/S Copyright 2015

    Napatech A/S Copyright 2015 19 Napatech A/S Copyright 2015

  20. Slide 20: Forward-looking statements

    This presentation includes and is based, inter alia, Napatech A/S’ businesses, energy prices, market 2015 results presentations. Information contained on forward-looking information and statements that acceptance of new products and services, within will not be updated. The following slides are subj

  21. Slide 21: Napatech A/S Copyright 2015

    21 Napatech A/S Copyright 2015

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