Slide 1: Q1 2024 Earnings call
Q1 2024 Earnings call April 23, 2024
Slide 2: Fredrik Ruben, CEO and Linda Tybring, CFO
Fredrik Ruben Linda Tybring Chief Executive Officer Chief Financial Officer 2024-04-23 2 © 2024 Tobii Dy navox AB (Publ)
Slide 3: About Tobii Dynavox
About Tobii Dynavox 2024-04-23 3 © 2024 Tobii Dy navox AB (Publ)
Slide 4: Our Vision and Mission
Our Vision A world where everyone can communicate Our Mission We empower people with disabilities to do what they once did, or never thought possible 2024-04-23 4 © 2024 Tobii Dy navox AB (Publ)
Slide 5: Our purpose
~ 50M number of people who cannot communicate effectively without Our purpose communication aids today As the world leader in assistive communication, we will drive the market forward while addressing a hugely underserved global audience. ~ M 2 ~ % 2 number of people diagnosed percentage of people y
Slide 6: Our global reach
Our global reach Revenue break down per region¹ • North America 76% • Europe 20% • Other countries 4% Tobii Dynavox partners with local experts Tobii Dynavox presence ¹ Based on FY 2024 Y TD March rev enue 2024-04-23 6 © 2024 Tobii Dy navox AB (Publ)
Slide 7: Our comprehensive communication solution
Our comprehensive communication solution Language systems - From our catalogue of synthetic voices to our library of symbols to our text-based systems, we design highly customizable solutions. Software - Through our software, users can access computers, browse the web, text, and develop literacy ski
Slide 8: Q1: January – March 2024
Q1: January – March 2024 2024-04-23 8 © 2024 Tobii Dy navox AB (Publ)
Slide 9: Q1 2024 highlights
Q1 2024 highlights • Strong top-line growth, revenues +28% • Continued strong momentum across the board in all product categories and geographies • Operating profits increased 52% • Earnings per share up by 45% 2024-04-23 9 © 2024 Tobii Dy navox AB (Publ)
Slide 10: Financials
Financials 2024-04-23 10 © 2024 Tobii Dy navox AB (Publ)
Slide 11: Q1 2024 Revenue & Gross Margin
Revenue (SEK million) and Gross Margin 69% 473 68% 66% 68% 428 68% 67% 67% 67% 67% 67% 65% 424 66% 63% 64% 64% 64% 64% Q1 2024 362 335 381 Revenue & Gross Margin 288 320 255 • Revenue was 428 SEKm (335), +28% 241 233 245 246 217 204 207 • Currency adjusted revenue growth was +28% 165 • Strong growth
Slide 12: Q1 2024 EBIT
EBIT (SEK million) and EBIT Margin 60 56 60% 50 48 50% 42 40 37 40% 34 32 Q1 2024 EBIT 30 29 28 28 25 25 21 29 30% 20 17 16 20% • EBIT was 32 SEKm (21) (25)(25) 15% 13% 14% 15% 14% 16% 13 11% 12% 10 10% • EBIT margin was 7.6% (6.3) 5% 7% 6% 8% 7% 6% 8% 8% 0 0% • Opex increased with 26% organically,
Slide 13: Cashflow after continuous investments and cash position
Cashflow after continuous investments and cash position (SEK million) Balance sheet 200 180 49 46 50 48 41 30 35 63 100 26 50 and Cashflow 3 17 10 Cashflow after continuous investmetns 160 -9 -11 -28 - 30 0 140 • Cash flow after continuous investments +10 -50 120 Cash position SEKm 100 197 -100 • Ca
Slide 14: Summary of quarter and outlook
Summary of quarter and outlook • Another quarter of strong revenue growth • Profitability continues to strengthen sequentially, earnings per share up by 45% • Investing in systems and tools to cater for future growth and increased scalability. • Updated long term financial targets reiterated 2024-04
Slide 15: Updated financial targets
Updated financial targets Time horizon 3-4 years 20% > 15% > 40% Growth Profitability Dividend Policy On average, grow revenue by To deliver an EBIT margin that Distribute at least 40% of 20% per year adjusted for reaches and exceeds 15% available net profits to currency effects, including sharehold
Slide 16: Q&A
Q&A 2024-04-23 16 © 2024 Tobii Dy navox AB (Publ)
Slide 17: Thank you!
Thank you! 2024-04-23 17 © 2024 Tobii Dy navox AB (Publ)