Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q1 2021 Earnings Presentation
17 slides from Invisio Ab's earnings presentation, Apr 29, 2021
Slide 1: Protection at work, a better life at home
Protection at work, a better life at home Investor Conference Call April 29, 2021 | Interim Report January – March 2021 CEO Lars Højgård Hansen
Slide 2: Increased activity in the market
Increased activity in the market 2
Slide 3: Financial result Q1 2021
Financial result Q1 2021 2021 2020 2020 Jan-Mar Jan-Mar ∆% Full year • Revenues increased by 23% YoY and amounted to SEK in millions Revenue 143.7 116.8 23 532.0 SEK 144 million (117) in Q1 2021. Gros s profi t 82.7 67.2 23 309.0 57.5 57.5 58.1 • In comparable currencies sales increased by 26 per ce
Slide 4: Depreciation/amortization in Q1 2021
Depreciation/amortization in Q1 2021 2021 2020 2020 SEK in millions Jan-Mar Jan-Mar Full year Depreci a ti on of ca pi ta l i zed devel opment cos ts 4.5 1.0 6.4 Amorti za ti on of Other i nta ngi bl e a s s ets * 2.0 - - Amorti za ti on of Ri ght of us e a s s ets , l ea s es 3.1 1.0 4.4 Depreci a
Slide 5: Strong long-term development in sales and EBITDA margin
Strong long-term development in sales and EBITDA margin COMPANY CONFIDENTIAL 5
Slide 6: Acquisition of Racal Acoustics completed
Acquisition of Racal Acoustics completed. Management Group expanded. COMPANY CONFIDENTIAL 6
Slide 7: Racal Acoustics signed a major headset contract with the Danish Ministry of Defence
At the start of the year Racal Acoustics signed a major headset contract with the Danish Ministry of Defence • In January 2021 Racal Acoustics announced a new contract to supply the Danish Ministry of Defence Acquisition and Logistics Organization, with the RA4000 Magna digital headset system. • The
Slide 8: One company – two brands
One company – two brands One company with two strong brands both recognized globally for their heritage and expertise: • The INVISIO brand – Soldier Systems and Portable Intercom systems. • The Racal Acoustics brand – High Noise headsets. • Racal Acoustics is the center of excellence for high noise
Slide 9: Another American elite force chose INVISIO and places a first order
COMPANY CONFIDENTIAL Another American elite force chose INVISIO and places a first order. 9
Slide 10: Dividend 2021
Dividend 2021 We believe in our capacity of continued growth with sound profitability. The Board of Directors has decided on a dividend of SEK 0.70 per share (0.85). 10
Slide 11: Focus areas in 2021
Focus areas in 2021 Continued Intensify market Full focus on LE and security, Continue to address integration of penetration further by our own organization and selected countries in Asia, Racal Acoustics our global network of the Middle East and South distribution partners America COMPANY CONFIDENT
Slide 12: CEO outlook quote on vaccine roll-out and modernization trend
“Continued roll-out of vaccines and a gradual return to more normal conditions will mean a continual rise in activity level among our customers and a continuation of the global modernization trend for communication equipment and hearing protection. There is therefore every reason to take a positive
Slide 13: Questions and answers
Questions and answers INVISIO*
Slide 14: Appendix
Appendix INVISIO“
Slide 15: Condensed consolidated income statement and statement of comprehensive income
Condensed consolidated income statement and consolidated statement of comprehensive income 2021 2020 2020 SEK in millions Note Jan-Mar Jan-Mar Full year Revenue 2 143.7 116.8 532.0 Cos t of goods s ol d -61.1 -49.6 -222.9 Gross profit 82.7 67.2 309.0 Opera ti ng expens es * 3 -69.9 -52.8 -213.6 Oper
Slide 16: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position SEK in millions Assets Note 31/03/2021 31/03/2020 31/12/2020 Goodwi l l 5 54.7 - - Ca pi ta l i zed devel opment cos ts 3 96.6 96.2 94.8 Other i nta ngi bl e a s s ets 3, 5 104.4 - - Equi pment 3 19.2 3.0 4.1 Ri ght-of-us e a s s ets , l ea s es
Slide 17: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 2021 2020 2020 SEK in millions Note Jan-Mar Jan-Mar Full year Operating activities Profi t/l os s before ta x 10.7 13.9 84.9 Adjus tments for non-ca s h i tems 12.4 1.5 24.0 Income ta x pa i d -1.0 -0.6 -12.3 Cash flow from operating activities before ch