Enea AB · OMXSTO:ENEA
Enea AB — Q1 2017 Earnings Presentation
26 slides from Enea AB's earnings presentation, Apr 26, 2017
Slide 1: Our software and expertise help you develop amazing functions in a connected society
Our software and expertise help you develop amazing functions in a connected society
Slide 2: Q1 Presentation by Anders Lidbeck, President & CEO
Q1 Presentation by Anders Lidbeck President & CEO 26 April 2017
Slide 3: Agenda
Agenda ▶ Enea Intro ▶ Enea Financials Q117 ▶ Way Forward & Outlook
Slide 4: A Catalyst for the Connected Society
A Catalyst for the Connected Society OPERATING HEAD REVENUE MARGIN 501.3 23.7 QUARTER KISTA, SWEDEN MSEK PERCENT NO. OF R&D OPEX INVESTMENT LISTED EMPLOYEES NASDAQ 464 18 STOCKHOLM PERCENT
Slide 5: Our Vision, Mission, and Commitment
Our Vision, Mission, and Commitment Our Vision Our Commitment Our software and expertise help you develop Our commitment is to amazing functions in a work together with the connected society leading hardware vendors and our customers - as a key contributor in the open source community - to Our Missi
Slide 6: Our Business
Our Business Software Products for embedded applications focused Maintenance, Support, and Product Services on communication solutions ▶ Related to our own product portfolio ▶ Operating Systems ▶ For Open Source based solutions ▶ Network Operating Systems for NFV ▶ For integrated solutions incl. 3rd
Slide 7: More than 3 billion people rely on Enea software every day
More than 3 billion people rely on Enea software every day, to connect a call or use their mobile phone to get online
Slide 8: Customers
Customers @GENBAND NOKIA ERICSSONS ® VOLVO AA) mororo.a Honeywell patacom /inritSU @yaMaHA ® envision: ensure ENEA
Slide 9: Financials Q1 2017
Financials Q1 2017 ENEA
Slide 10: EBIT & Operating Margin
EBIT & Operating Margin Q117 Q116 EBIT (MSEK) 23.5 26.9 Operating margin (%) 16.7 22.3 Earnings per share (SEK) 1.19 1.38 FY16 EBIT (MSEK) 118.8 Operating margin (%) 23.7 Earnings per share (SEK) 5.95 ▶ 17% operating margin satisfactory given our business transformation ▶ Adjusted for 2.2 MSEK in le
Slide 11: Record Revenues
Record Revenues Q117 Q116 Revenue (MSEK) 141.0 120.8 Revenue growth (%) 17 3 Revenue growth (%) (currency adjusted) 15 3 FY16 Revenue (MSEK) 501.3 Revenue growth (%) 4 Revenue growth (%) (currency adjusted) 3 ▶ 11th consecutive quarter of y-o-y revenue growth ▶ Highest Q1 revenue since divestment of
Slide 12: Revenue Split per Region
Revenue Split per Region ▶ Europe In Europe; sales increased with 15% compared with the corresponding quarter last year. The increase in Europe is primarily attributable to Qosmos, with strong growth also in Global Services. ▶ Asia In Asia; sales increased with 35% compared with the corresponding pe
Slide 13: Important Change in Revenue Mix
Important Change in Revenue Mix ▶ 100% revenue growth y-o-y in WW Software Sales ▶ Four percentage points gross margin improvement driven by this change
Slide 14: Improved Product Revenue Mix
Improved Product Revenue Mix ▶ Operating System Solutions accounts for the largest share of sales with 46% of revenue during the quarter. During the quarter, sales decreased compared to the quarter last year. ▶ Sales in Network Solutions increased during the quarter. The group accounted for 30% of E
Slide 15: Yet Another Weak Quarter in US Services
Yet Another Weak Quarter in US Services ▶ Yet another weak quarter y-o-y, but sequential growth over Q416. ▶ Still significant y-o-y decline in the US with slower than expected pipeline & business improvement during Q1 2017. ▶ Continued strong double digit y-o-y growth in the European Global Service
Slide 16: Financial Position
Financial Position ▶ Q117 cash flow from operations 30.4 (38.8) MSEK ▶ Q117 cash flow before change in working capital 20.7 (27.9) MSEK ▶ Cash, cash equivalents and financial investments at the end of the quarter were 285.1 (227.8) MSEK ▶ Total interest-bearing liabilities at the end of the quarter
Slide 17: Technology & Corporate Development
Technology & Corporate Development
Slide 18: Long Term Ambition
Long Term Ambition We continue our efforts to build a bigger and stronger company, delivering an increasing value for customers, employees and shareholders. Acquisitions that strengthens our market position and long-term earning capacity is an important part of this transition.
Slide 19: A Quickly Expanding Portfolio
Network Monitoring A Quickly Cyber Security Expanding Portfolio 3 new areas in the last 2 years NFV Platforms Network Management Systems Virtual Probes On-Device Management Agents
Slide 20: Enea in Security
Network Monitoring Enea in Security Cyber Security Qosmos ixEngine classifies traffic and extracts metadata and is used for active security policy enforcement ▶ Next Generation Firewalls ▶ Security Information and Event Qosmos Management (SIEM) ixEngine Qosmos ixEngine extracts file content and meta
Slide 21: Network Intelligence to Optimize, Monetize and Protect
Network Intelligence to Optimize, Monetize and Protect Optimize Monetize Protect Policy Control, QoS, … Analytics, vCPE, … NG Firewall, SIEM, … Visibility on thousands of application protocols Extraction of 4,300+ Metadata Caller, called party, jitter, packet loss, latency, call duration, setup time
Slide 22: Enea in NFV
Network Monitoring Enea in NFV Cyber Security ▶ NFV Platforms ▶ NFV Labs ▶ NFV Services Qosmos Enea NFV ixEngine Enea demonstrating NFV solutions at MWC 2017
Slide 23: Enea NFV Core – deployment ready NFVI software platform
Enea NFV Core – deployment ready multi- architecture NFVI software platform for virtualization of the network edge ▶ The first commercial deployment ready implementation of OPNFV for network operators, service providers, and telecom/network equipment manufacturers ▶ Enea NFV Core is hardened and dep
Slide 24: Together We are Bigger and Stronger
Together We are Bigger and Stronger TEMs and NEPs are main customers today, similar dialogues with customers in the SDN/NFV domain Market Well established in the ARM & Intel ecosystem Together stronger coverage in community projects and industry consortiums Similar go-to-market models Busine
Slide 25: Market Outlook 2017
Market Outlook 2017 Our objective for the full year 2017 is to achieve double-digit revenue growth, and improved operating profit compared to 2016 before non-recurring costs. We expect the improvement of operating profits to occur in the second half-year 2017.
Slide 26: For additional information on Enea, please visit www.enea.com
For additional information on Enea, please visit www.enea.com www.enea.com