Slide 1: Q1 2019 Interim Management Statement Presentation
Q1 2019 Interim Management Statement Presentation May 21, 2019 1 Napatech A/S © Copyright 2019
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Napatech A/S (the “Company”) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Certain statements included in this presentation contain various fo
Slide 3: Q1'19 Interim Management Statement Topics
Q1’19 Interim Management Statement Topics • Q1 2019 Highlights • Business Update • Q1-2019 Financial Results • 2019 Outlook • Q&A 3 Napatech A/S © Copyright 2019
Slide 4: Q1-2019 Highlights
Q1-2019 Highlights 4 Napatech A/S © Copyright 2019
Slide 5: Q1 2019 Highlights – A Solid Start to 2019
Q1 2019 Highlights – A Solid Start to 2019 • Financial Highlights • Revenues of 38.3 MDKK ($5.8M) up 72% over Q1 2018 • Gross Margins of 69.6% compared to 67.6% in Q1 2018, and ahead of annual 68% guidance • OPEX before transferal to capitalized development costs of 31.2 MDKK compared to 41.5 MDKK i
Slide 6: Business Update
Business Update 6 Napatech A/S © Copyright 2019
Slide 7: Napatech Sits Within a Dynamic Industry
Napatech Sits Within a Dynamic Industry Napatech Raises $8.9M Nvidia Acquires Mellanox for $6.9B Intel Acquires Omnitek Xilinx Acquires Solarflare 7 Napatech A/S © Copyright 2019
Slide 8: Cloud Services Catalyze Market for Higher FPGA-based Compute Demand
Cloud Services Catalyze Market for Higher FPGA-based Compute Demand This demand drives the need for higher speed, feature rich adapters able to offload the CPU that can be programmed and re-programmed to suit changing workload requirements. Data analytics, AI and Machine Learning, and IoT have rampe
Slide 9: High Customer Satisfaction
High Customer Satisfaction Strongly Agree • Napatech’s customers indicate a positive supplier experience Better Performant Hardware • Customers indicate hardware Reliability performance and reliability are Napatech’s main strengths Strong Sales Organization • Napatech’s software is viewed as Technic
Slide 10: OEM and End-user Activity Drives New Pipeline
OEM and End-user Activity Drives New Pipeline Leading US-based Network Top Multinational Pharmaceutical Top-3 Multinational Retail Infrastructure Technology Company European-based Corporation Corporation • Selected to accelerate the • Selected to accelerate the TREX • Selected to scale the SNORT Sur
Slide 11: Launched First-ever Cryptography in AWS FaaS
Launched First-ever Cryptography in AWS FaaS Customizable FPGAs in the AWS Cloud + • Delivers easy-to-use instances of FPGA’s for Crypto Acceleration for customers to build and assess FPGA use cases + • Napatech software built on Xilinx FPGA’s • Amazon’s Elastic Compute Cloud (EC2) provides easy-to-
Slide 12: Napatech Q1 2019 Financials
Napatech Q1 2019 Financials 12 Napatech A/S © Copyright 2019
Slide 13: Consolidated Income Statement Q1 2019
Consolidated Income Statement Q1 2019 YTD March DKK'000 2019 2018 ∆ Key Highlights Revenue 38.254 22.298 72% • Revenue up 72% YoY Cost of goods sold (11.647) (7.230) • GP up 77% YoY with margins up 2%- Gross profit 26.607 15.068 77% points to 69.6% Other operating income 2 - Staff expenses and renum
Slide 14: Consolidated Cash Flow Statement Q1 2019
Consolidated Cash Flow Statement Q1 2019 YTD March DKK'000 2019 2018 Key Highlights Earnings before tax (EBT) (8.199) (28.111) • Cash flows from operating activities Adjustments to reconcile profit before tax to net cash flows 7.299 12.568 up 12.4 MDKK YoY to 4.5 MDKK Working capital adjustments 5.4
Slide 15: Completed Secondary Offering on May 10th
Completed Secondary Offering on May 10th Cash Raise Completed: 76.7 MNOK (58.6 MDKK, $8.9M USD) • 50 MNOK in a private placement lead by Verdane Capital • 25 MNOK in fully-underwritten repair round to benefit of existing investors • 1.7 MNOK management and board investment Planned Use of Cash Raised
Slide 16: Outlook
Outlook Napatech A/S © Copyright 2019
Slide 17: 2019 Business Outlook
2019 Business Outlook • We are seeing a positive return to revenue growth in 2019 Guidance – Reiteration: 2019 lead by solid progress in Q1 • Revenue in the range of 150-180 MDKK ($23-$27.6M) • Gross Margins were good in Q1 and provide a positive tailwind for 2019 • Gross margin around 68% • Operati
Slide 18: Q&A Session
Q&A Session DK: +45-35445583 UK: +44-2031940544 NO: +47-23500265 US: +1-855-269-2604 To ask a question, press ZERO ONE on your telephone keypad. To withdraw your question, press ZERO TWO. WANT TO LEARN MORE? Sign up for the Napatech News Sign up for OSE news Follow us on social media 18 Napatech A/S
Slide 19: Thank You
Thank You 19 Napatech A/S © Copyright 2019