Slide 1: Bittium Corporation Half-Year Financial Report 2021
Bittium Corporation Half-Year Financial Report 2021 CEO Hannu Huttunen | CFO Pekka Kunnari August 6, 2021
Slide 2: Forward-looking Statements
Half-Year Financial Report January-June 2021 Forward-looking Statements Some statements made in this material relating to future circumstances or status, including, without limitation, future performance of the company, expectations regarding market growth, trend projections as well as any statement
Slide 3: Contents
Contents Main Events 1H 2021 Financial Review 2Q and 1-6 2021 Outlook for 2021
Slide 4: Highlights January-June 2021
Highlights January- June 2021 CEO Hannu Huttunen
Slide 5: Tactical Communication - Main Events 1H 2021
Half-Year Financial Report January-June 2021 Tactical Communication - Main Events 1H 2021 • New Tactical Management Suite™ was launched • Domestic defense markets: • Orders based on existing framework agreements: Bittium Tactical Wireless IP Network™ (TAC WIN) system products, Bittium Tough Comnode™
Slide 6: Secure Communications – Main Events 1H 2021
Half-Year Financial Report January-June 2021 Secure Communications – Main Events 1H 2021 • Bittium Secure Call™ communication application was launched • Demand for Bittium Tough Mobile™ 2 C smartphones increased • Bittium Tough Mobile™ 2 C and related Bittium Secure Suite™ back-end system received o
Slide 7: Medical Technologies – Main Events 1H 2021
Half-Year Financial Report January-June 2021 Medical Technologies – Main Events 1H 2021 • The recovery of the markets from the coronavirus pandemic: demand for Bittium medical technology products increased • New home sleep apnea testing device Bittium Respiro™ was launched • New Bittium OmegaSnap™ E
Slide 8: R&D Services - Main Events 1H 2021
Half-Year Financial Report January-June 2021 R&D Services - Main Events 1H 2021 • R&D markets are slowly recovering from the coronavirus pandemic • The demand for Bittium's product development services remained stable • New international customers were won in various industries • In the automotive s
Slide 9: Financial Review
Financial Review CFO Pekka Kunnari
Slide 10: Quarterly Development of Net Sales
Half-Year Financial Report January-June 2021 Quarterly Development of Net Sales MEUR 30,0 • Total net sales decreased by 10.4 % to MEUR 22.6 (MEUR 25.3) 25,0 20,0 • Product-based net sales was MEUR 16.7 15,0 (MEUR 18.4) • The share of Medical Technology products 10,0 was MEUR 5.6 (MEUR 3.4) 5,0 • Th
Slide 11: Half-Yearly Development of Net Sales
Half-Year Financial Report January-June 2021 Half-Yearly Development of Net Sales 60,0 • Total net sales decreased by 6.8 % to MEUR MEUR 39.7 (MEUR 42.5) 50,0 40,0 • Product-based net sales was MEUR 27.9 (MEUR 30.1) 30,0 • Share of the Medical Technology products 20,0 was MEUR 13.5 (MEUR 9.5) • Shar
Slide 12: Operating Result Development
Half-Year Financial Report January-June 2021 Operating Result Development Quarterly Half-Yearly 5,0 15,0 % 5,0 12,0 % MEUR 4,0 MEUR 4,0 10,0 % 10,0 % 8,0 % 3,0 3,0 6,0 % 2,0 5,0 % 2,0 4,0 % 1,0 1,0 0,0 % 2,0 % 0,0 0,0 0,0 % -5,0 % -1,0 -1,0 -2,0 % -2,0 -10,0 % -2,0 -4,0 % 2Q 3Q 4Q 1Q 2Q 1H 2H 1H 2H
Slide 13: R&D Investments
Half-Year Financial Report January-June 2021 R&D Investments R&D investments declined, however, stayed at high MEUR 30,0 50,0 % level and were MEUR 11.0 equaling 27.8% of the net sales (MEUR 12.0 equaling 28.3% of the net sales) 25,0 40,0 % • MEUR 4.4 was capitalized (MEUR 7.4) 20,0 • Depreciations
Slide 14: Cash Flow
Half-Year Financial Report January-June 2021 Cash Flow MEUR 1H 2021 1H 2020 Net profit +/- adjustment of accrual basis items 5.2 8.7 Change in net working capital -3.7 -8.0 Interests and taxes -0.3 -0.4 NET CASH FROM OPERATING ACTIVITIES 1.2 0.3 Net cash from investing activities -5.2 -8.4 Net cash
Slide 15: Assets and Liabilities
Half-Year Financial Report January-June 2021 Assets and Liabilities Balance sheet per 30th of June, 2021 was total MEUR 161.3 • Trade and other payables MEUR 26.2 • Property, plant and • Inventories MEUR 20.1 • Interest bearing debt equipment MEUR 21.9 • Trade and other receivables MEUR 35.4 MEUR 22
Slide 16: Outlook for 2021
Outlook for 2021 CEO Hannu Huttunen
Slide 17: Outlook for 2021
Half-Year Financial Report January-June 2021 Outlook for 2021 Bittium expects that the net sales in 2021 will grow from the previous year (EUR 78.4 million in 2020) and the operating result to be better than in the previous year (EUR 2.1 million in 2020). The spread of new variants of the coronaviru
Slide 18: Contact us.
Contact us. www.bittium.com investor.relations@bittium.com