Slide 1: Opera Software ASA 1Q04 Results
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Opera Software ASA 1Q04 Results May 7, 2004
Slide 2: Agenda
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Agenda Highlights 1Q04 Status on key initiatives Financials 1Q04 The Nokia 7610, which includes the Opera browser in the standard sales package.
Slide 3: Opera's Vision
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Opera´s Vision “To provide the Best Internet Experience on any Device”
Slide 4: From pure browsing on the Internet…
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce From pure browsing on the Internet….. A Browser is a software program that is needed to retrieve and display information and content from the Web…
Slide 5: …to also use the browser as…
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce …to also use the browser as….. Home Screens and customizable UI Electronic Programming Guide HTML-content in Calendar, E-mail, IM and other apps Mobile services content delivery Visual TV/Radio Bar Code Scanner
Slide 6: Opera – Achievements in Q1 - 2004
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Opera – Achievements in Q1 - 2004 Opera Medium Screen Technology for TV ++ New Opera browser for Sony Ericsson P900 Innovation Opera signs IBM´s Speech Technology Record TV from your mobile with Opera January February March Sharp goes for Opera
Slide 7: Status on Key Strategic Initiatives
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Status on Key Strategic Initiatives 1. Key focus on the Opera Platform towards the Operators 3. Strengthen the Opera position in Asia 5. Strengthen the Opera Brand
Slide 8: Opera and the Operators – The importance of data traffic
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Opera and the Operators – The importance of data traffic ARPU – W.Europe 35 Other Data Euro Voice Data 28 SMS 2001 Year 2003 WAP 1 GAMES MMS MUSIC WAP 2
Slide 9: 1. Status Opera Platform
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce 1. Status Opera Platform Battery indicator Technical Status SMS, Email, MMS Next appointment from calendar • Porting to new platforms Branding • Developer Editions of Opera Platform delivered to several operators • Collaborating with operators
Slide 10: Next Generation Modular Cross-Platform Web Browser Technology
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Next Generation Modular Cross-Platform Web Browser Technology End user Operators Phone manufacturer Smart User Palm Palm S-60 S-60 UiQ GTK QT CE Phone Interface 2003 PDA Phone Operating Symbian Linux Microsoft Palm System
Slide 11: 2. Strengthen Opera in Asia
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce 2. Strengthen Opera in Asia Why Asia is important for Opera • Asia represents 38% of global mobile phone sales per year • Largest market growth • More mature with regard to data services • China added 8 million subscribers last month - the nati
Slide 12: 3. Strengthen the Opera brand
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce 3. Strengthen the Opera brand
Slide 13: Highlights – 1Q04
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Highlights – 1Q04 Revenues of MNOK 21.7 in Q1 2004, up from MNOK 12.4 in 1Q 2003, a growth of 75% EBIT of MNOK –3.3 in 1Q04 compared to MNOK -6.4 in 1Q03 Opera was listed on the Oslo Stock Exchange on March 11, 2004, raising MNOK 125 in n
Slide 14: Market development
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Market development Handsets sold globally Global handsets sold by technology – 2004E 700 12 % 600 3% 500 GSM 400 CDMA 300 22 % 200 WCDMA 100 63 % Others 0 2002 2003 2004 2005 2006 2007 Global handsets Global handsets by functionality – 2004E Gl
Slide 15: Financial Highlights – 1Q04
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Financial Highlights – 1Q04 Revenues of MNOK 21.7 in Q1 2004, up from MNOK 12.4 in 1Q 2003, a growth of 75% License revenue still limited and still based on guaranteed licenses License revenue is one quarter delayed, i.e. the number of li
Slide 16: Financial Highlights – 1Q04
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Financial Highlights – 1Q04 PROFIT AND LOSS ACCOUNT First Quarter Full year (Figures in TNOK) 2003 2004 2003 Revenues, PC/Desktop 5 463 7 028 23 307 Revenues, Internet Devices 6 976 14 701 55 224 Total Operating Revenues 12 439 21 729 78 531 Pa
Slide 17: Financial Highlights, Cont'd
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Financial Highlights, Cont’d BALANCE SHEET 31. March 31-Dec (Figures in TNOK) 2003 2004 2003 Assets Deferred taxes 21 722 25 408 21 348 Goodwill 4 321 2 750 3 143 Tangible assets 1 699 1 913 1 483 Other current assets 10 259 43 799 37 412 Cash
Slide 18: Historical Revenue and Earnings
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Historical Revenue and Earnings Per year Per quarter 80 30 70 25 60 50 20 40 30 15 20 10 10 0 5 -10 1995 1996 1997 1998 1999 2000 2001 2002 2003 -20 0 -30 1Q03 2Q03 3Q03 4Q03 1Q04 -5 -40 -50 -10 Operating income EBIT Operating expenses Operatin
Slide 19: Financial outlook – 2004
O pe ra - S imply Th e Be st In te rn e t Expe ri e nce Financial outlook – 2004 Market evolving as expected License income to grow in importance during 2004 – substantial growth from 2005 Driven by strong market demand, Opera will further expand the organisation during the coming quarters T