Dynavox Group Ab · OMXSTO:DYVOX
Dynavox Group Ab — Q4 2021 Earnings Presentation
20 slides from Dynavox Group Ab's earnings presentation, Feb 8, 2022
Slide 1: Welcome to the earnings call, year end report Q4 2021
Welcome to the earnings call year end report Q4 2021 February 8, 2022
Slide 2: Fredrik Ruben, CEO and Linda Tybring, CFO
Fredrik Ruben Linda Tybring Chief Executive Officer Chief Financial Officer 2022-02-08 2 © 2022 Tobii Dynavox AB (Publ)
Slide 3: Q4 2021 highlights
Q4 2021 highlights • Pandemic continued to affect growth and profit development • First day of trading in Tobii Dynavox ordinary share on Nasdaq Stockholm December 9th • Launch of TD Pilot - empowering people with disabilities to control Apple’s iPad with their eyes • Tobii Dynavox enters agreement
Slide 4: About Tobii Dynavox
About Tobii Dynavox 2022-02-08 4 © 2022 Tobii Dynavox AB (Publ)
Slide 5: Our mission
Our mission Empower people with disabilities to do what they once did or never thought possible. We call this Power to be You. 2022-02-08 5 © 2022 Tobii Dynavox AB (Publ)
Slide 6: Our purpose
~ 50M number of people who cannot communicate effectively without Our purpose communication aids today As the world leader in assistive technology for communication, we will 2 2 drive the market forward while addressing a hugely underserved global audience. ~ M ~ % number of people diagnosed percent
Slide 7: Our global reach
Our global reach Revenue break down per region • North America 74% • Europe 20% • Other countries 6% Countries where Tobii Dynavox products are sold Tobii Dynavox presence 2022-02-08 7 © 2022 Tobii Dynavox AB (Publ)
Slide 8: Fully integrated solution
Fully integrated solution Content Software Implementation, Devices Training & Support Assessment & Funding 2022-02-08 8 © 2022 Tobii Dynavox AB (Publ)
Slide 9: Fully integrated solution
Fully integrated solution Content Software Devices Assessment & Implementation, Picture TD Snap, TD Control, I-Series, TD Pilot, Funding Training & communication TD Talk, Boardmaker, TD I-110, PCEye, In-house solution Support symbols (PCS), TD Communicator 5 SC Tablet consultants and In-house expert
Slide 10: Q4 2021 highlights
Q4 2021 highlights • Revenue up 3% organically • Pandemic continued to affect growth and profit development • Launch of TD Pilot - empowering people with disabilities to control Apple’s iPad with their eyes • Tobii Dynavox enters agreement to acquire Acapela Group, enabling innovation in communicati
Slide 11: Full year highlights
Full year highlights • Revenue flat organically • Significant negative impacts from the pandemic • Continued to strengthen product portfolio • Separation of Tobii Dynavox from Tobii and preparing for listing at Nasdaq 2022-02-08 11 © 2022 Tobii Dynavox AB (Publ)
Slide 12: Financials
Financials 2022-02-08 12 © 2022 Tobii Dynavox AB (Publ)
Slide 13: Q4 2021 Revenue & Gross Margin
Revenue (SEK million) and Gross Margin 67% 67% 68% 67% 67% 67% 67% 63% 64% 64% 64% 63% Q4 2021 Revenue & Gross Margin 252 241 255 245 233 • Revenue growth of 3 % (organic) 221 220 215 217 • Negatively affected by the pandemic 204 207 • Some revenue pushed from Q3 to Q4, and some from Q4 to 2022, adj
Slide 14: Q4 2021 EBIT
EBIT (SEK million) and EBIT Margin 50 40% Q4 2021 EBIT 42 40 37 34 30% 30 29 • Cost base 2020 impacted by Covid-19 (government 30 25 28 28 28 grants and lower travel expenditures) 20 18 20% • Net effect of delivery and logistic challenges impacted 13 16% Q4 2021 EBIT by 3 SEKm 14% 15% 15% 10 13% 14%
Slide 15: Full year 2021 Revenue & Gross Margin
Revenue (SEK million) and Gross Margin 909 895 Full year 2021 872 Revenue & Gross Margin 66% • Revenue was flat organically compared to 2020 65% 65% • Adjusted delays in delivery, revenue grew by 2% organically • Gross margin effected negatively by increased cost related to freight and components of
Slide 16: Full year EBIT
EBIT (SEK million) and EBIT Margin Full year EBIT 127 • Net effect of delays in delivery impacted full year 2021 EBIT by 8 SEKm 101 • Increased costs related to freight and components of 10 SEKm • Cost base 2020 impacted by Covid-19 (government grants, work reductions and lower travel expenditures)
Slide 17: Cashflow after continuous investments and cash position
Cashflow after continuous investments and cash position (SEK million) 200 100 Balance sheet and 180 30 43 26 49 46 50 48 50 Cashflow Cashflow after continuous investmetns 160 2 1 3 -11 0 140 • Loan from Swedbank was paid out of 550 MSEK 120 -50 Cash position • Separation related transaction from Tob
Slide 18: Summary of quarter and outlook
Summary of quarter and outlook Covid impacts continued Tobii Dynavox launched the communication device TD Pilot in collaboration with Apple Acquired Acapela waiting for completion Successful split of the Tobii Group – and listing of Tobii Dynavox on Nasdaq Stockholm 2022-02-08 18 © 2022 Tobii Dynavo
Slide 19: Long-term financial targets
Long-term financial targets Growth > 10% > 15% Profitability To increase currency-adjusted revenue by more To achieve and maintain an EBIT margin in than 10 percent on average per year excess of 15 percent 2.5x Dividend Policy To primarily reinvest the Company's profit and use it for ~ several growt
Slide 20: Q&A
Q&A 2022-02-08 20 © 2022 Tobii Dynavox AB (Publ)