Enea Ab · OMXSTO:ENEA
Enea Ab — Q2 2010 Earnings Presentation
19 slides from Enea Ab's earnings presentation, Jul 22, 2010
Slide 1: Enea Q2 Financial Result 2010
Enea Q2 Fi Financial i l Result R lt 2010 Per Åkerberg, President and CEO J l 22 July 22, 2010
Slide 2: Leader in Communications Software & Services
Leader in Communications Software & Services Revenue per segment (2009) Enea Consulting Global software and F ll product Full d t lif life cycle l services company software development focused on solutions for Outsourcing capabilities Training communication-driven communication driven Solution cente
Slide 3: Global Footprint – Global Customers
Global Footprint – Global Customers 3
Slide 4: Second quarter and first half year 2010
Second quarter and first half year 2010 4
Slide 5: Revenues are recovering
Revenues are recovering MSEK Revenue Revenue per customer segment 51% Telecom infrasturcture 17% Wireless devices 11% Aero/Defense 21% Other 1/09 2/09 3/09 4/09 1/10 2/10 Q2/10 Q2/09 H1/10 H1/09 Revenue (MSEK): 192.6 202.9 378.9 410.2 Growth (%) -5.1 -15.5 -7.6 -10.6 Growth (%) (exl. currency effect
Slide 6: Significantly improved profit
Significantly improved profit Operating profit Earnings and Equity per Share (before non-recurring items) MSEK Earnings/share, SEK Eq/share, SEK Earnings per share Equity per share 1/09 2/09 3/09 4/09 1/10 2/10 1/08 2/08 3/08 4/08 1/09 2/09 3/09 4/09 1/10 2/10 Q2/10 Q2/09 H1/10 H1/09 Operating profi
Slide 7: Software: Revenue growth and improved margins
Software: Revenue growth and improved margins Type of revenue Software accounted for 47% of the total MSEK revenue in Q2 Q2. Revenue of 91.2 MSEK in Q2 resulting in Other Royalty 7.4% growth. New license sales New license sales increased in Q2. Royalty based revenue decreased in Q2 due to recl
Slide 8: Software: Sales Distribution
Software: Sales Distribution Revenue per geography Revenue per product 63% Real time operating systems 80% EMEA 14% Middleware 14% North America 15% P Product d t related l t d services i 6% Asia 8% Other Revenue per customer segment 67% Telecom infrastructure 19% Wireless devices 14% Other 8 All nu
Slide 9: Software: Business highlights
Software: Business highlights Closed 29 software design-wins. All time high! An American telecom company invests 4.2 MSEK for three years in the real p g systems time operating y Enea OSE and Enea OSEck, in the development p tool Enea Optima and the middleware product Enea dSPEED The p partner
Slide 10: Consulting: Recovery continues
Consulting: Recovery continues Revenue Consulting accounted for 53% of the total MSEK revenue in Q2 Q2. Revenue of 115.1 MSEK in Q2 resulting in a 11% decline. Significanlty decreased number of consultants during 2009 to adjust the organization to the market climate. All five regions have demo
Slide 11: Consulting: Sales Distribution
Consulting: Sales Distribution Revenue per geography Revenue per customer segment 71% Nordic 34% Telecom infrastructure 10% Romania 13% Wireless devices 19% North America 18% Aero/Defense 12% Group internal 23% Other 11 All numbers for Q2 2010, Consulting
Slide 12: Consulting: Business highlights
Consulting: Business highlights Several deals within the area of testing e.g with a Swedish government organization, a media company and a science company Enea closed a deal with an automotive company where we will assist in configuration g of vehicles. We won a deal in North America with a US
Slide 13: Continued Strong Financial Position
Continued Strong Financial Position C Cashh flflow ffrom operations ti amounted t d tto C h flflow Cash 66.5 MSEK (15.1) for Q2 (from operations) MSEK Cash and cash equivalents at the end of the period were 182.8 MSEK (142.1) Enea has unused credits amounting to 100 MSEK The equity/assets ra
Slide 14: Way Forward
Way Forward 14 ENEA
Slide 15: Technology Development Drives Demand
Technology Development Drives Demand Telecom Infrastructure Wireless Devices - IP-based IP based services - Growth in emerging markets driving networks towards “all IP” brings down price per phone - Application specific processors – - Apple and Google reshaping the market multicore and hw accele
Slide 16: Enea's great opportunity
Enea’s Enea s great opportunity Excellence through g focus - Two business units; Enea Software & Enea Consulting to create clarity and value for customers, employees and shareholders - Build on Enea’s strong position for RTOS - Build B ild on Enea’s E ’ strong t position iti ffor consulting lti ii
Slide 17: Market Outlook
Market Outlook Software: - The underlying demand for Enea products and services remains good - Technology development means major, long-term investments for Enea's customers Consulting: - Demand is increasing in 2010 Financial outlook: - Stable development in revenue and significantly improved
Slide 18: Why invest in Enea?
Why invest in Enea? Market drivers for g growth are evident Enea share An industry leader in the telecom market Shareprice, SEK Volume traded, No. of shares Technology to meet future demand in place p Strong skill set with local consultancy presence Financial backing to increase growth thr
Slide 19: THANK YOU!
THANK YOU! For further information, please contact: Per Åkerberg Åkerberg, CEO, CEO per.akerberg@enea.com per akerberg@enea com Lars Kevsjö, CFO, lars.kevsjo@enea.com Catharina Paulcén, VP CorpComm catharina.paulcen@enea.com Phone: +46 8 507 140 00