Smartoptics Group Asa · OSL:SMOP
Smartoptics Group Asa — Q1 2025 Earnings Presentation
17 slides from Smartoptics Group Asa's earnings presentation, May 8, 2025
Slide 1: Financial Presentation Q1 2025
Financial Presentation Q1 2025 May 8, 2025
Slide 2: Q1'25 Growth continues
Q1’25 Growth continues REVENUE 2025 Change 13.5% increased revenue in Q1 2025 vs Q1 2024 Q1 14.4 MUSD 13.5% A record Q1 in the company’s history, despite decline in business area Optical Devices driven by tariff uncertainties GROSS MARGIN 2025 2024 Q1 47.3% 48.6% Robust regional performance in Ameri
Slide 3: Virtually no tariff impact in Solutions, Software and Services, limited impact on Devices
Virtually no tariff impact in Solutions, No impact in Software and Services and limited impact on Devices after actions Tariff exemption1 and taking action to adapt to the new framework Solutions, SW and Services Devices • All DCP products Made in Sweden • 6% of Group Invoicing 2 subject to tariffs
Slide 4: Q1'25 deep dive
smartoptics Q1’25 deep dive
Slide 5: Strong quarter in Americas and continued positive development in APAC
Strong quarter in Americas demonstrating market comeback, and continued positive development in APAC Revenue per region and quarter – Last 5 quarters MUSD Americas EMEA APAC -3% +21% 8.4 7.8 6.9 6.9 6.4 6.2 5.7 5.5 5.3 4.6 +74% 1.5 1.6 1.1 1.2 0.7 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2024 20
Slide 6: Strong growth in Solutions and Software and Services; Devices muted
Strong growth in Business areas Solutions and Software and Services. Business area Devices muted by tariff situation through Revenue per business area and quarter – Last 5 quarters MUSD Solutions Devices Software & Services +26% 10.3 8.2 7.4 7.3 6.5 -10% 4.0 3.8 4.0 3.7 3.6 +18% 2.6 2.5 2.1 1.8 2.0
Slide 7: Summary of Q1 financial performance
Summary of Q1 financial performance Revenue EBITDA & EBIT Operating cash flow MUSD MUSD MUSD +13.5% EBITDA EBIT 5,6 2,4 1,8 2.5 2,6 1.1 1,1 1,2 0,6 16,9 1,0 12.6 13,0 13,0 14,4 0,6 0.5 0,5 0,5 -1,9 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Gross margin and EBITDA margin Comments % 48,6 % 49,0 % 4
Slide 8: Strong financial position
Strong financial position Balance sheet Mar 31, 2025 Working capital development past 5 quarters MUSD MUSD 52.9 52.9 17.3 8.6 14.9 13.3 14.9 13.6 19.9 18.4 17.2 17.9 17.3 30.7 15.4 15.9 15.5 15.4 14.6 14.6 14.7 15.6 14.9 13.5 14.1 13.0 12.6 14.0 11.5 34.4 Q1 Q2 Q3 Q4 Q1 0.6 Inventories Trade Receiva
Slide 9: Dividend of NOK 0.60 per share proposed
Dividend of NOK 0.60 per share proposed Board considerations § Emphasizing stable to increasing dividend § Anticipating positive financial development § Solid financial position § Strong cash flow § Dividend policy updated to reflect above considerations § Pending AGM approval Dividend policy The Bo
Slide 10: First glance at 2025 strategy
First glance at 2025 strategy 10
Slide 11: The foundation of Smartoptics strategy remains strong
The foundation of Smartoptics strategy remains strong Expanding addressable Fill the Gap in the market Open and disaggregated market caused by consolidation solutions • Continuous product development • Market consolidation has left few • Continued shift toward more cost- targeting more applications
Slide 12: Strategic focus areas 2025
Strategic focus areas 2025 AGENTIC AI AND AUTOMATION EXAMPLES OF CUSTOMER BENEFITS • Frictionless business with Smartoptics • Support – Increased internal operational efficiency • Maintenance • Network automation • Network analysis – Simplifying day to day tasks in networks Data-driven • Troubleshoo
Slide 13: Long-term ambitions stay firm
Long-term ambitions stay firm 2025 Q1 LTM 2025/2026 RESULTS RESULTS ASPIRATIONS REVENUE 14.4 MUSD 57.2 MUSD ~100 MUSD GROSS MARGIN 47.3% 47.8% ~45% EBITDA MARGIN 8.4% 10.0% ~17-20% EBIT MARGIN 4.1% 5.9% ~13-16% 13
Slide 14: Profit and Loss Statement
Profit and Loss Statement Profit and Loss Statement Q1 2025 /./0 /./O !"#A%&D(F%(*+I(-(... N- N- P#&Q5(STUT%AT(Q%9(#&:TS(#;TSQ&F%<(F%=#"T -O(>00 -/(?O@ !"#AB&DBEF&DE*DF+IAF -KD/0ND -0D/O3D 45SIE7AADUA9A*"&DA:SA9FAF -;D/<0D -;DO0=D >&?A#DESA#+&"9@DA:SA9FAF -<DO03D -<DO3<D P#&Q5(#;TSQ&F%<(TA;T%DTD B->
Slide 15: Balance Sheet
Balance Sheet Balance Sheet Mar 31, 2025 L.L0 L.LO L.L0 L.LO !"#A%CDE)%E*+,E-E... !"#AB&DE)BE*+IE-E... N- N- N- N- !"#$%"C$D()*)(+(CI#-(.%*/I0% **********************1*OP4 ******************1*1R6 !"#$%C'#(F*#+ CCCCCCCCCCCCCCCCCCCCCCCCCC,-. CCCCCCCCCCCCCCCCCCCCC,-L T%8(9*:.%".;$<C(*"00(%0 ***********
Slide 16: Cash Flow Statement
Cash Flow Statement Cash Flow Statement Q1 2025 /./0 /./2 !"#A%CD()%(*+,(-(... N- N- 3QD5(S7#UD(S9#"(#:;9QC)%<(Q=C)>)C);D !"#A%CDE)#**+I-.A#".I%/0#N.IC2P 456 4I6TT 89:;*CN./C*IA#" <2P.*I=2%9 >?@AI IIIIIIIIIIIIIIIIIIIIII> B.=".0%2C%#/I2/9I2N#"C%C2C%#/ T4? aab c.CI%/C.".*C >@?I bA de2/f.I%/I%/g./C#"h
Slide 17: Thank you
smartoptics Thank you