Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q3 2023 Earnings Presentation
16 slides from Invisio Ab's earnings presentation, Oct 25, 2023
Slide 1: Protection at work, a better life at home
Protection at work, a better life at home Interim Report January – September 2023 Strong sales and a healthy order book Investor Conference Call October 25, 2023 CEO Lars Højgård Hansen 1
Slide 2: Highlights Q3, 2023: Strong sales and a healthy order book
Highlights Q3, 2023 Strong sales and a healthy order book • The positive operating trend continued in Q3. • Order intake surpassed SEK 250 million. • Order book exceeds SEK 700 million. • Revenue exceeded SEK 300 million – the highest ever for a single quarter. Sales growth of 85 percent R12. • Oper
Slide 3: Order intake of SEK 1.2 million R12
Order intake of SEK 1.2 million R12 SEK million SEK million • Order intake SEK 250+ million in the quarter. 400 1.400 • Order intake YTD close to SEK 1 billion. 350 1.200 • Continued strong inflow of small and 300 1.000 medium sized orders. 250 800 200 600 150 400 100 50 200 SEK million Q3 Q3 Jan-Se
Slide 4: Most of order book to be delivered in next couple of quarters
Most of order book to be delivered in next couple of quarters SEK million • Order book stands at SEK 718 million. 900 800 • The higher inventory reflects upcoming 800 700 deliveries. 700 600 • Standard products – almost zero scrapping. 600 500 500 400 400 300 300 200 200 100 100 SEK million Q3 2023
Slide 5: Record high revenue
Record high revenue SEK million SEK million • Q3 revenue of SEK 312 million, up 60 400 1.400 percent from Q3 2022 or 48 percent in 350 comparable currencies. 1.200 • Revenue YTD close to SEK 900 million and 300 1.000 approx. SEK 1.2 billion R12. 250 800 200 600 150 400 100 50 200 SEK million Q3 Q3 J
Slide 6: Gross margin >60 percent in Q3 & YTD
Gross margin >60 percent in Q3 & YTD % • Gross margin exceeded 60 percent both 70 in Q3 and nine months ended 68 September 30. 66 • Main drivers of the gross margin are the 64 ratio of direct sales versus via distribution 62 partners … 60 • … and the product mix during the 58 reporting period. 56 54
Slide 7: Operating expenses
Operating expenses • Investments in product development and SEK million SEK million organization drive OPEX. 150 500 • OPEX excl. deprecation and amortization 130 450 was up 33 percent YTD. In comparable 400 currencies, the increase was 25 percent, 110 which is approximately SEK 21 million. 350 90 3
Slide 8: Margins at satisfactory levels
Margins at satisfactory levels % • EBIT and EBITDA margins in Q3 and YTD 40 remained at satisfactory levels... 35 • ...despite the extra provision to the 30 incentive program above plan. 25 • Average EBIT margin for last 12 months (R12) of 20 percent. 20 15 10 5 0 Percent Q3 Q3 Jan-Sep Jan-Sep Diffe
Slide 9: High level of activity in our markets
High level of activity in our markets. And the impact of increased defense spending is still to come. 9
Slide 10: Tougher EU regulations give us a competitive advantage and further strengthen our offer
Tougher EU regulations give us a competitive advantage and further strengthen our offer • Sustainability is becoming a procurement parameter. “We work only with • INVISIO to start reporting in line with new EU established partners sharing regulations by 2026. our values of sustainability, business e
Slide 11: Positive expectations for coming quarters
Positive expectations for coming quarters Market activity is high, and we believe it will remain so for a long time to come. We therefore expect strong order intake going forward and we reiterate our view that revenue and profitability will remain strong over the course of coming quarters. 11 Q3 202
Slide 12: INVISIO
INVISIO
Slide 13: Appendix
Appendix INVISIO
Slide 14: COMPANY CONFIDENTIAL
Q3 2023 14 COMPANY CONFIDENTIAL
Slide 15: COMPANY CONFIDENTIAL
Q3 2023 15 COMPANY CONFIDENTIAL
Slide 16: COMPANY CONFIDENTIAL
Q3 2023 16 COMPANY CONFIDENTIAL