Slide 1: Q2 2022 Results | Presentation
Artificial Solutions® (SSME:ASAI) Q2 2022 Results | Presentation Per Ottosson, CEO and Fredrik Törgren, CFO Wednesday, August 17, 2022 1
Slide 2: Presenters
PRESENTERS Per Ottosson | CEO Has +25 years of experience from leading positions in the software and SaaS industry Most recently spent 10 years with IPSoft (Amelia) - US based vendor of enterprise AI solutions - as Chief Revenue Officer M.Sc. Business & Administration, Stockholm School of Economics
Slide 3: Artificial Solutions Market
ARTIFICIAL SOLUTIONS MARKET • What does the person want? • Can you help me (service request) • What language are they using? • I have a question (information request) • Are people, places and details • I need to get this done (action request) mentioned? • What should I do (decision request) • What i
Slide 4: Artificial Solutions at a Glance
ARTIFICIAL SOLUTIONS AT A GLANCE LEADING SOFTWARE COMPANY ENGAGED IN CONVERSATIONAL AI Artificial Solutions in brief Monthly SaaS API Call Volumes (million) – July +243% vs. Dec 2021 ▪ Founded in 2001, the company became a multi-award-winning enterprise within 9.3 10.3 Conversational AI ▪ Publicly l
Slide 5: Q2 Operational Highlights
Q2 OPERATIONAL HIGHLIGHTS ▪ High growth in SaaS API Call volumes — +69% March 2022 vs. June 2022 and +11% July 2022 vs. June 2022 ▪ SaaS ARR experiencing high growth — +55% March 2022 vs. June 2022 and +6% July 2022 vs. June 2022 ▪ Customers show strong confidence in our SaaS Model — 23 customers in
Slide 6: Key Financial Highlights in Q2 2022
KEY FINANCIAL HIGHLIGHTS IN Q2 2022 | STRONG GROWTH TRAJECTORY ON ALL SALES METRICS SaaS Recurring Revenues as % of Total Recurring Revenues Q2 2022 ▪ Net sales amounted to 10.2 MSEK (8.2), + 24% ▪ Recurring revenues amounted to 9.1 MSEK (6.3), + 44% 49% ▪ SaaS Annual Recurring Revenues 20.0 MSEK Ju
Slide 7: SaaS Business Model Ramping Up
SAAS BUSINESS MODEL RAMPING UP | API CALL VOLUMES AND SAAS ARR INCREASING Monthly SaaS API Calls (million) + 243% SaaS ARR* (MSEK) + 126 % 10.3 9.3 20.0 21.2 5.5 12.9 9.4 3.0 Dec 21 Mar 22 Jun 22 Jul 22 Dec 21 Mar 22 Jun 22 Jul 22 * ARR measured as SaaS recurring revenues generated from the SaaS rev
Slide 8: Scalable SaaS Model
SCALABLE SAAS MODEL | SMALL & LARGE CUSTOMER CASES Subscription revenues from accessing Teneo Development Suite provides basis in the new model coupled with volume linked user revenues (#API calls) ARR – Small & Large Customer MSEK Revenue Model – Primarily Recurring Revenues Revenue Source Small cu
Slide 9: Growth in Recurring Revenues
GROWTH IN RECURRING REVENUES | Y-o-Y GROWTH OF 44% IN Q2 2022 Quarterly Recurring Revenues (SaaS & Legacy), ARR EoM and LTM Recurring Revenues (MSEK) 44% 9.1 July SaaS ARR 21.2 MSEK and July Total ARR 41.9 MSEK 10.0 40.0 6.3 8.0 30.0 6.0 20.0 4.0 10.0 2.0 - - Q2´21 Q3´21 Q4´21 Q1´22 Q2´22 Recurring
Slide 10: Gradual Cost Increase as Guided For
GRADUAL COST INCREASE AS GUIDED FOR | INCREASING OPERATIONAL COSTS Annual OPEX Run Rate* MSEK 134 MSEK ▪ OPEX(*) run rate of 134 MSEK in June 2022 ▪ Monthly OPEX(*) in H1 2022 of 11.1 MSEK(**) 124 MSEK ▪ OPEX increase in Q2 2022 in accordance wih previous guidance Mar-22 Jun-22 * Excluding non-recur
Slide 11: Swedish Horizontal AI | B2B SaaS | Azure
SWEDISH HORIZONTAL AI | B2B SAAS | AZURE 1.6 BSEK 126% SaaS ARR DEC-JUL 25% 1,700+ Horizontal Technology Cost Reduction LUIS Customers 41.9 MSEK 10 M SaaS API Calls 130 BSEK 82% Total ARR Conversational AI Market Carbon Reduction Source: Markets and Markets (2020, Conversational AI Market). 11
Slide 12: Artificial Solutions
ARTIFICIAL SOLUTIONS