Enea AB · OMXSTO:ENEA
Enea AB — Q2 2017 Earnings Presentation
27 slides from Enea AB's earnings presentation, Jul 19, 2017
Slide 1: Our software and expertise help you develop amazing functions in a connected society
Our software and expertise help you develop amazing functions in a connected society
Slide 2: Q2 Presentation by Anders Lidbeck, President & CEO
Q2 Presentation by Anders Lidbeck President & CEO 19 July 2017
Slide 3: Agenda
Agenda ▶ Intro ▶ Financials Q217 ▶ Way Forward & Outlook
Slide 4: Intro
Intro ENEA
Slide 5: A Catalyst for the Connected Society
A Catalyst for the Connected Society OPERATING HEAD REVENUE MARGIN 501.3 23.7 QUARTER KISTA, SWEDEN MSEK PERCENT NO. OF R&D OPEX INVESTMENT LISTED EMPLOYEES NASDAQ 464 18 STOCKHOLM PERCENT
Slide 6: Our Vision, Mission, and Commitment
Our Vision, Mission, and Commitment Our Vision Our Commitment Our software and expertise help you develop Our commitment is to amazing functions in a work together with the connected society leading hardware vendors and our customers - as a key contributor in the open source community - to Our Missi
Slide 7: Our Business
Our Business Software Products for embedded applications focused Maintenance, Support, and Product Services on communication solutions ▶ Related to our own product portfolio ▶ Operating Systems ▶ For Open Source based solutions ▶ Network Operating Systems for NFV ▶ For integrated solutions incl. 3rd
Slide 8: More than 3 billion people rely on Enea software every day
More than 3 billion people rely on Enea software every day, to connect a call or use their mobile phone to get online
Slide 9: Customers
Customers @GENBAND NOKIA ERICSSONS ® VOLVO AA) mororo.a Honeywell patacom /inritSU @yaMaHA ® envision: ensure ENEA
Slide 10: Financials Q2 2017
Financials Q2 2017 ENEA
Slide 11: Strong Operating Profit
Strong Operating Profit Q217 Q216 Operating profit excl. non-recurring costs, MSEK 31.0 29.9 Operating profit, MSEK 22.5 28.8 Operating margin excl. non-recurring costs, % 20.9 24.1 Operating margin, % 15.2 23.2 Earnings per share, SEK 0.96 1.48 ▶ 20.9 percent operating margin satisfactory given our
Slide 12: Record Revenue
Record Revenue Q217 Q216 Revenue (MSEK) 148.5 124.1 Revenue growth (%) 20 3 Revenue growth (%) (currency adjusted) 17 4 FY16 Revenue (MSEK) 501.3 Revenue growth (%) 4 Revenue growth (%) (currency adjusted) 3 ▶ Highest Q2 revenue since divestment of Nordic Consulting (2011) ▶ Record Q2 growth number
Slide 13: Revenue Split per Region
Revenue Split per Region ▶ Europe Sales are from our offices in Sweden, Germany, Romania and France, and consist of Key Accounts, Worldwide Software Sales and Global Services. Revenue in Europe increased by 24 percent in the quarter year over year. The increase was mainly coming from Key Accounts, d
Slide 14: Change in Q2 Revenue Mix
Change in Q2 Revenue Mix ▶ 69% revenue growth y-o-y in WW Software Sales ▶ Key Accounts increased by 22 percent, partly due to the acquisition of Qosmos and partly to a clearance of a previously completed delivery
Slide 15: Improved Product Revenue Mix
Improved Product Revenue Mix ▶ Operating System Solutions was the product group which accounted for the largest share of Enea's sales with 48 percent of revenues during the quarter. Sales increased compared to the corresponding quarter previous year. ▶ Sales in Network Solutions increased significan
Slide 16: Yet Another Weak Quarter in US Services
Yet Another Weak Quarter in US Services ▶ Unfortunately, our US service sales continued to make negative progress, with year over year revenue down by more than 20 percent for the third quarter running ▶ Continued strong development with double digit y-o-y growth in the European Global Services oper
Slide 17: Financial Position
Financial Position ▶ Q217 cash flow from operations 38.1 (41.1) MSEK ▶ Q217 cash flow before change in working capital 16.7 (30.9) MSEK ▶ Cash, cash equivalents and financial investments at the end of the quarter were 260.2 (196.6) MSEK ▶ Total interest-bearing liabilities at the end of the quarter
Slide 18: Way Forward & Outlook
Way Forward & Outlook ENEA
Slide 19: Long Term Ambition
Long Term Ambition We continue our efforts to build a bigger and stronger company, delivering an increasing value for customers, employees and shareholders. Acquisitions that strengthens our market position and long-term earning capacity is an important part of this transition.
Slide 20: A Quickly Expanding Portfolio
Network Monitoring A Quickly Cyber Security Expanding Portfolio 3 new areas in the last 2 years NFV Platforms Network Management Systems Virtual Probes On-Device Management Agents
Slide 21: Enea in NFV
Network Monitoring Enea in NFV Cyber Security ▶ NFV Platforms ▶ NFV Labs ▶ NFV Services Qosmos Enea NFV ixEngine Enea demonstrating NFV at MWC Shanghai 2017
Slide 22: Enea NFV Core – deployment ready multi-architecture NFVI software platform
Enea NFV Core – deployment ready multi- architecture NFVI software platform for virtualization of the network edge ▶ April 25 Enea announced the first commercial deployment ready implementation of OPNFV for network operators, service providers, and telecom/network equipment manufacturers ▶ Enea NFV
Slide 23: China Mobile Open NFV labs added four partners
China Mobile Open NFV labs added four partners, Hand in hand to promote the development of NFV across 17 ICT partners ▶ April 26th, China Mobile announced with Mirantis, ARM, Cavium and Enea four China Mobile NFV labs, such as the third batch of partners signed MOU Open. ▶ The four partners will con
Slide 24: Enea launches lightweight virtualization platform for Customer Premise Equipment (CPE)
Enea launches high performance, lightweight virtualization platform for Customer Premise Equipment (CPE) ▶ May 31, Enea announced Enea® NFV Access - a lightweight virtualization platform tailored for customer premise deployment at the network edge. ▶ NFV Access is a Linux-based software platform tha
Slide 25: Qosmos is Complementing Enea in Many Areas
Qosmos is Complementing Enea in Many Areas TEMs and NEPs are main customers today, similar dialogues with customers in the SDN/NFV domain Market Well established in the ARM & Intel ecosystem Together stronger coverage in community projects and industry consortiums Similar go-to-market models
Slide 26: Market Outlook 2017
Market Outlook 2017 Our objective for the full year 2017 is to achieve double-digit revenue growth, and improved operating profit compared to 2016 before non-recurring costs. We expect the improvement of operating profits to occur in the second half-year 2017.
Slide 27: For additional information on Enea, please visit www.enea.com
For additional information on Enea, please visit www.enea.com www.enea.com