Enea AB · OMXSTO:ENEA

Enea AB — Q1 2015 Earnings Presentation

22 slides from Enea AB's earnings presentation, Apr 28, 2015

  1. Slide 1: Anders Lidbeck, President & CEO

    Anders Lidbeck, President & CEO April 28, 2015

  2. Slide 2: Agenda

    Agenda  Enea Intro  Enea Financials Q115  Way Forward & Outlook

  3. Slide 3: Powering the Wireless Broadband

    Powering the Wireless Broadband OPERATING HEAD REVENUE PROFIT 429 21.9 QUARTER KISTA, SWEDEN MSEK PERCENT NO. OF R&D OPEX INVESTMENT LISTED EMPLOYEES STOCKHOLM, 399 20.5 NASDAQ OMX PERCENT Numbers for 2014

  4. Slide 4: Our Business

    Our Business  Software Products for embedded applications in general and communication solutions in particular  Real-time operating systems  Training  Linux operating system (open source)  Related to our own products  Middleware (what’s between the operating system and the application)  Relat

  5. Slide 5: Leading Customers

    Leading Customers Ze 2 a NOKIA ERICSSON BOEING: VOLVO @ wororora Honeywell oO A) Flectralux FUJITSU Alcatel-Lucent @ HUGHES. @ YAMAHA

  6. Slide 6: Powering the Wireless Broadband

    Powering the Wireless Broadband More than 3 billion people rely on Enea software every day, to connect a call or use their mobile phone to get online  More than 75% of the LTE population coverage is through infrastructure powered by Enea OS Solutions (2012).  Enea OS Solutions run in more than hal

  7. Slide 7: Q1 2015 Financials

    ENEA Q1 2015 Financials

  8. Slide 8: Record Q1 EBIT & Operating Margin

    Record Q1 EBIT & Operating Margin Q115 Q114 EBIT (MSEK) 23.3 18.0 Operating margin (%) 19.9 17.8 Earnings per share (SEK) 1.19 0.88 FY14 EBIT (MSEK): 93.8 Operating margin (%) 21.9 Earnings per share (SEK) 4.58  30 % EBIT y-o-y growth  35 % EPS y-o-y growth  Best Q1 Operating Profit and Operating

  9. Slide 9: Record Q1 Revenue Growth

    Record Q1 Revenue Growth Q115 Q114 Revenue (MSEK) 117.4 101.0 Revenue growth (%) 16 2 Revenue growth (%) (currency adjusted) 8 2 FY14 Revenue (MSEK): 429.3 Revenue growth (%) 5 Revenue growth (%) (currency adjusted) 3  3rd consecutive quarter of Y/Y revenue growth  Best quarter revenue growth in 2

  10. Slide 10: Strong Growth in Worldwide Sales

    Strong Growth in Worldwide Sales  Revenues from both Key Accounts and Worldwide Software Sales increased, compared with the same quarter last year.  But Worldwide Sales is growing faster than Key Accounts – with 11 wins including the biggest Linux deal to date – and is increasing its percent of to

  11. Slide 11: Revenue Split per Region

    Revenue Split per Region  Europe European sales showed a strong increase compared with the same quarter last year – both in SW and Services.  Americas During the quarter, total sales in America increased, compared with the previous year. SW sales showed strong double digit growth – including the b

  12. Slide 12: Revenue Split per Product

    Revenue Split per Product  During the quarter, sales from Operating systems including tools increased somewhat, compared with the same quarter last year. Biggest Linux deal to date ($Multi-00k 3-year term contract) signed in the quarter.  Middleware grew compared with the same quarter last year an

  13. Slide 13: Double Digit Growth in Services Revenues

    Double Digit Growth in Services Revenues  Global Services showed double-digit revenue growth for the fourth consecutive quarter – and both sequential growth as well as y-o-y growth.  Sales grew particularly strongly in Europe. Strong sales growth also in the US operations but that is mainly due to

  14. Slide 14: Strong Financial Position

    Strong Financial Position  Q115 cash flow from operations 13.6 (23.0) MSEK.  Cash, cash equivalents and financial investments at the end of the quarter were 222.5 (191.9) MSEK.  Enea has no debt and unused credits of 15 MSEK.  The equity ratio was 77.8 (80.4) %.  The Board is proposing 3.60 (3.

  15. Slide 15: Way Forward & Outlook

    ENEA & Way Forward & Outlook

  16. Slide 16: Significant Investment in R&D

    Significant Investment in R&D  We continue to invest heavily in R&D – Q115 19.7 %.  We focus on the communication systems and expertise – and the ARM ecosystem.  Networks are being reshaped – today people are talking about virtualization of network functions (NFV) or entire networks (SDN). It is

  17. Slide 17: Enea's Engagement in Open Source

    Enea’s Engagement in Open Source

  18. Slide 18: Embedded OS Play a Central Role

    Embedded OS Play a Central Role  Almost all embedded solutions today need an operating system Real-Time Operating Systems  To manage the system  The Enea OSE family (OSE5 and OSEck)  cf. Windows on a normal PC  For demanding applications with timing  Enea has been very success as an embedded r

  19. Slide 19: Different... or the same?

    Different... or the same? RTOS Linux (Proprietary Software) (Open Source) How is it done? Developing the core software components Enea Community Adapting the software to hardware or use-case Enea Enea Stabilizing and testing Enea Enea Maintenance (updates) Enea Enea Support Enea Enea How do we charg

  20. Slide 20: Long Term Ambition

    Long Term Ambition  Enea’s ambition during five years, starting 2012, is to create a global software company with a large proportion of recurring revenues.  Enea will be focusing on organic growth, but both strategic and supplementary acquisitions will be evaluated regularly.  Our objective durin

  21. Slide 21: Market Outlook

    Market Outlook  Outlook 2015 Our objective full year 2015 is to achieve revenue growth and our assessment is that earnings per share will improve compared with 2014.

  22. Slide 22: Thank You!

    Thank You! For additional information on Enea, please contact: Anders Lidbeck , President & CEO anders.lidbeck@enea.com Håkan Rippe, CFO hakan.rippe@enea.com Sofie Sarhed, Investor Relations sofie.sarhed@enea.com Phone: +46 8 507 140 00

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