Slide 1: Mips' presentation of the Q3 2024 Interim Report
24 October 2024 Mips’ presentation of the Q3 2024 Interim Report 1
Slide 2: Key highlights
Key highlights • Another strong quarter with +61% growth in net sales. Organic growth in the quarter was +69%. YTD we have delivered +29% organic growth • Good development with growth in all three categories • Consumer market remains a challenge and buying behaviour is still erratic • The interest i
Slide 3: Sports – continued strong development in all sub-categories
Sports Sports – continued strong development in all sub-categories • Strong performance in Sports with +61% net sales growth. Good performance in all sub-categories in Sports. YTD net sales increased with +27% • Inventory levels at more healthier levels, but market conditions still challenging due t
Slide 4: Strong growth in Moto
Moto Strong growth in Moto • Good performance with +55% growth in the quarter and YTD growth now at +20% • Situation more normalized, with customers buying from us again, but still challenging market conditions • No change in long-term outlook, strong interest for Mips in the category 2024 I Q3 inte
Slide 5: Good development in Safety with largest quarter ever
Safety Good development in Safety with largest quarter ever • Good momentum in Safety with the largest quarter since entry in the category • Roll-out of all the new helmet models equipped with our technology is starting to generate the expected market demand • Intense quarter with the two largest fa
Slide 6: Development of net sales in our categories
CATEGORIES Development of net sales in our categories SPORTS MOTO SAFETY Sports Q3 YTD Motorcycle Q3 YTD Safety Q3 YTD Revenue SEKm 111 (69) 304 (239) Revenue SEKm 7 (5) 23 (19) Revenue SEKm 5 (3) 13 (9) Growth % 61 27 Growth % 55 20 Growth % 92 45 2024 I Q3 interim report 6
Slide 7: Development in the third quarter
FINANCIAL PERFORMANCE Development in the third quarter • Strong development in the third quarter with increase in net SEKm Q3 24 Q3 23 sales of 61%, adjusting for FX, net sales increased 69% organically Net sales 123 77 61% • Gross profit increased with 62%. Gross margin of 73.4% (73.1), increase ma
Slide 8: Development first nine months
FINANCIAL PERFORMANCE Development first nine months • Net sales during the first nine months increased SEKm YTD 24 YTD 23 with 27%, adjusting for FX, net sales increased 29% organically Net sales 339 266 27% • Gross profit increased with 29%. Gross margin of 72.3% (71.1), increase mainly due to incr
Slide 9: Balance sheet and cash flow
Balance sheet Cash flow from operating activities (SEKm) and cash flow • Cash and Cash Equivalents at SEK 296m (371) • Dividend payout of SEK 159m in May (SEK 6.00 per share). Mips does not hold any loans Mips group (SEKm) Q3 24 Q3 23 FY 23 • Operating cash flow in the quarter Total assets 675 703 7
Slide 10: Summary
Summary • Strong quarter with +69% organic growth. YTD performance now at +29% organic growth • Good performance in all our three categories and we see YTD growth in all regions • We are experiencing positive development, but it is important to remember that the market situation is neither fully nor
Slide 11: Q&A
Q&A 2024 I Q3 interim report 11
Slide 12: Mips Safety for helmets
Mins Safety for helmets
Slide 13: Disclaimer
Disclaimer IMPORTANT MESSAGE FROM MIPS AB This presentation has been prepared by Mips AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentati