Enea AB · OMXSTO:ENEA
Enea AB — Q3 2017 Earnings Presentation
25 slides from Enea AB's earnings presentation, Oct 24, 2017
Slide 1: Q317 Presentation by Anders Lidbeck, President & CEO
Q317 Presentation by Anders Lidbeck President & CEO 24 October 2017
Slide 2: Agenda
Agenda Intro Financials Q317 Way Forward & Outlook
Slide 3: Intro
ENEA Intro
Slide 4: 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 5: 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 6: 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 7: 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 8: Customers
Customers @GENBAND NOKIA ERICSSONS ® VOLVO AA) mororo.a Honeywell patacom /inritSU @yaMaHA @ envision: ensure Thine ade ve Electrolux HUGHES. Hytera ENEA
Slide 9: Financials Q317
ENEA Financials Q317
Slide 10: Record Operating Profit
Record Operating Profit Q317 Q316 Operating profit excl. non-recurring costs, MSEK 38.1 29.9 Operating profit, MSEK 34.1 29.6 Operating margin excl. non-recurring costs, % 25.9 24.8 Operating margin, % 23.2 24.5 Earnings per share, SEK 1.63 1.42 38.1 MSEK operating profit excl. non-recurring costs
Slide 11: Record Revenue Growth
Record Revenue Growth Q317 Q316 Revenue (MSEK) 147.1 120.7 Revenue growth (%) 22 3 Revenue growth (%) (currency adjusted) 23 1 FY16 Revenue (MSEK) 501.3 Revenue growth (%) 4 Revenue growth (%) (currency adjusted) 3 Highest Q3 revenue since divestment of Nordic Consulting (2011) 13th consecutive
Slide 12: Strong Software Growth in the US and Asia
Strong Software Growth in the US and Asia Europe In Europe, revenues increased with 14 percent during the quarter compared with the corresponding quarter last year. World Wide Software Sales and European services both posted solid y-o-y growth numbers. Americas Revenues increased by 25 percent c
Slide 13: Enea OSE selected for 5G radio base station
Enea OSE selected for 5G radio base station ▶ October 2, Enea announced that it has been selected by an Asian tier one telecom equipment manufacturer (TEM), to deliver its 64-bit Enea OSE multicore operating system for use in time- critical functions in a line of 5G radio base stations ▶ Enea OSE wa
Slide 14: 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 46 percent of revenues during the quarter. Sales increased compared to the corresponding quarter previous year. Sales in Network Solutions increased significan
Slide 15: Signs of Improvement in US Services
Signs of Improvement in US Services Revenues from Global Services stabilized during Q317 and increased with 12% over Q217 European operations continued to post solid y-o-y growth numbers US operations have improved compared with the previous quarter, but the decline y-o-y is still significant
Slide 16: Change in Q317 Revenue Mix
Change in Q317 Revenue Mix WW Software grew 123% y-o-y in Q3 (growth in both OS System Solutions & Network Solutions Key Accounts grew 4% y-o-y in Q3 (due to the acquisition of Qosmos) 4YCAGR: Key Accounts -1%. WW Software +44%, Global Services +9% 16
Slide 17: Financial Position
Financial Position Q317 cash flow from operations 30.3 (20.7) MSEK Q317 cash flow before change in working capital 36.9 (29.0) MSEK Cash, cash equivalents and financial investments at the end of the quarter were 265.5 (215.8) MSEK Total interest-bearing liabilities at the end of the quarter
Slide 18: Way Forward & Outlook
ENEA Way Forward & Outlook
Slide 19: Way Forward
Way Forward One should not expect the record margins to be sustainable during the coming quarters. Our market is changing and we continue our efforts to adapt. Acquisitions that strengthens our market position and long-term earning capacity is an important part of this transition. Our objectiv
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 announces new milestone in network intelligence
Enea announces new milestone in network intelligence ▶ September 7, Enea announced a new milestone in network intelligence: Qosmos ixEngine®, the company’s IP classification and metadata extraction engine, now recognizes over 3,000 protocols, more than any other Deep Packet Inspection (DPI) library
Slide 22: Cavium and Enea deliver optimized software and hardware platform for uCPE
Cavium and Enea deliver optimized software and hardware platform for uCPE ▶ September 11, Cavium and Enea announced availability of optimized uCPE solutions based on Cavium OCTEON TX™ ARMv8 processor SoC families and Enea® NFV Access software platform. ▶ Using universal customer premises equipment (
Slide 23: Enea presents latest range of NFV software solutions at SDN NFV world congress
Enea presents latest range of NFV software solutions at SDN NFV world congress ▶ October 5, Enea announced they will demonstrate NFV Infrastructure software for vCPE, NFV management and service chaining for virtualized infrastructures at the SDN NFV World Congress in the Hague, October 9-13. ▶ Enea
Slide 24: 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.
Slide 25: Thank You
ENEA THANK YOU www.enea.com