Bittium Corporation · OMXHEX:BITTI
Bittium — H1 2022 Earnings Presentation
18 slides from Bittium's earnings presentation, Aug 5, 2022
Slide 1: Half-Year Financial Report January-June 2022
Bittium Corporation Half-Year Financial Report January-June 2022 CEO Hannu Huttunen | CFO Pekka Kunnari August 5, 2022
Slide 2: Forward-looking Statements
Half-Year Financial Report January-June 2022 Forward-looking Statements Some statements made in this material relating to future circumstances or status, including, without limitation, the future performance of the company, expectations regarding market growth, trend projections as well as any state
Slide 3: Contents
Contents Highlights 2Q 2022 Financial Review 2Q and 1H 2022 Outlook for 2022
Slide 4: Highlights 2Q 2022
Highlights 2Q 2022 CEO Hannu Huttunen
Slide 5: Tactical Communication – 2Q Highlights
Half-Year Financial Report January-June 2022 Tactical Communication – 2Q Highlights • Russia’s invasion of Ukraine has lead the states to increase their defense budgets and new projects to modernize the defense forces of different states are starting • Bittium will participate in several new tenders
Slide 6: Secure Communications – 2Q Highlights
Half-Year Financial Report January-June 2022 Secure Communications – 2Q Highlights • The numerous information security attacks observed recently have increased the interest of government actors in secure communication systems • Demand for Bittium Tough Mobile™ security phones and security-related so
Slide 7: Medical Technologies – 2Q Highlights
Half-Year Financial Report January-June 2022 Medical Technologies – 2Q Highlights • Medical technology market has recovered from the coronavirus pandemic • Bittium has several applications in the European medical device certification (MDR, Medical Device Regulation) process for its products but ther
Slide 8: R&D Services – 2Q Highlights
Half-Year Financial Report January-June 2022 R&D Services – 2Q Highlights • R&D and digitalization market has recovered from the coronavirus pandemic • The demand for R&D services focused on telecommunications and O- RAN (Open Radio Access Network) solutions, mobile communication satellite technolog
Slide 9: Financial Review
Financial Review CFO Pekka Kunnari
Slide 10: Quarterly Development of Net Sales
Half-Year Financial Report January-June 2022 Quarterly Development of Net Sales 35,0 • Total net sales remained at the same level as in MEUR the previous year and were MEUR 22.7 (MEUR 30,0 22.6) 25,0 • Product-based net sales were MEUR 15.8 20,0 (MEUR 16.7) • The share of Medical Technology products
Slide 11: Half-Yearly Development of Net Sales
Half-Year Financial Report January-June 2022 Half-Yearly Development of Net Sales 50,0 • Total net sales increased by 3.4 % to MEUR MEUR 45,0 41.0 (MEUR 39.7) 40,0 35,0 • Product-based net sales were MEUR 27.2 30,0 (MEUR 27.9) 25,0 • Share of the Medical Technology products 20,0 was MEUR 11.3 (MEUR
Slide 12: Operating Result Development
Half-Year Financial Report January-June 2022 Operating Result Development Quarterly Half-Yearly 5,0 14,0 % 6,0 10,0 % MEUR 12,0 % MEUR 4,0 5,0 8,0 % 10,0 % 3,0 8,0 % 4,0 6,0 % 6,0 % 2,0 3,0 4,0 % 4,0 % 1,0 2,0 % 2,0 2,0 % 0,0 % 0,0 -2,0 % 1,0 0,0 % -4,0 % 0,0 -2,0 % -1,0 -6,0 % -2,0 -8,0 % -1,0 -4,0
Slide 13: R&D Investments
Half-Year Financial Report January-June 2022 R&D Investments R&D investments remained at the same level y-on-y and MEUR 15,0 40,0 % were MEUR 11.1 equaling 27.2% of the net sales (MEUR 11.0 equaling 27.8% of the net sales) • MEUR 3.0 was capitalized (MEUR 4.4) 30,0 % • Depreciations of R&D investmen
Slide 14: Cash Flow
Half-Year Financial Report January-June 2022 Cash Flow MEUR 1H 2022 1H 2021 Net profit +/- adjustment of accrual basis items 6.4 5.2 Change in net working capital 0.0 -3.7 Interests and taxes -0.5 -0.3 NET CASH FROM OPERATING ACTIVITIES 6.0 1.2 Net cash from investing activities -3.7 -5.2 Net cash f
Slide 15: Assets and Liabilities
Half-Year Financial Report January-June 2022 Assets and Liabilities The balance sheet of June 30, 2022 was total of MEUR 165.3 • Trade and other payables MEUR 23.6 • Property, plant and • Inventories MEUR 21.6 • Interest-bearing debt equipment MEUR 20.2 • Trade and other receivables MEUR 36.9 MEUR 2
Slide 16: Outlook for 2022
Outlook for 2022 CEO Hannu Huttunen
Slide 17: Outlook for 2022
Half-Year Financial Report January-June 2022 Outlook for 2022 The world's geopolitical situation, problems in logistics chains, inflation, and deteriorating economic development create uncertainty in future outlook. About 70 percent of Bittium’s net sales accumulates from products and related system
Slide 18: Contact us.
Contact us. www.bittium.com investor.relations@bittium.com