Enea AB · OMXSTO:ENEA
Enea AB — Q4 2014 Earnings Presentation
22 slides from Enea AB's earnings presentation, Feb 12, 2015
Slide 1: Anders Lidbeck, President & CEO
Anders Lidbeck, President & CEO February 12, 2015
Slide 2: Agenda
Agenda Enea Intro Enea Financials Q414 and FY14 Way Forward & Outlook
Slide 3: Powering the Wireless Broadband
Powering the Wireless Broadband OPERATING HEAD REVENUE PROFIT 429 21.9 QUARTER KISTA, SWEDEN MSEK PERCENT NO. OF R&D OPEX INVESTMENT LISTED EMPLOYEES STOCKHOLM, 399 20.5 NASDAQ OMX PERCENT Numbers for 2014
Slide 4: Powering the Wireless Broadband
Powering the Wireless Broadband “More than 3 billion people rely on Enea software every day, to connect a call or use their mobile phone to get online” More than 75% of the LTE population coverage is through infrastructure powered by Enea OS Solutions (2012) Enea OS Solutions run in more than ha
Slide 5: The mobile surfing is increasing every year
The mobile surfing is increasing every year. The part of the Swedish population that connects to the internet via a smart phone has increased from 22% 2010 to 65% 2013 – a tripling. (Stiftelsen för Internetinfrastruktur, 2014)
Slide 6: Leading Customers
Leading Customers ) Ze CO I mas S BOEING: ERICSSON NOKIA Honeywell ‘OROLA VOLVO 0 _ Alcatel-Lucent @ FUJITSU YAMAHA A) Electrolux HUGHES, 8
Slide 7: Q414 & FY14 Financials
ENEA Q414 & FY14 Financials
Slide 8: Record EBIT & Operating Margin
Record EBIT & Operating Margin Q414 Q413 EBIT (MSEK) 29.2 25.1 Operating margin (%) 24.5 23.6 Earnings per share (SEK) 1.46 1.18 FY14 FY13 EBIT (MSEK): 93.8 82.1 Operating margin (%) 21.9 20.1 Earnings per share (SEK) 4.58 3.83 • Best Quarter EBIT ever • Best FY EBIT ever • Best Operating margin eve
Slide 9: Revenue Growth
Revenue Growth Q414 Q413 Revenue (MSEK) 119.3 106.4 Growth (%) 12 -13 Growth (%) (excl. currency effects) 8 -12 FY14 FY13 Revenue (MSEK): 429.3 408.5 Growth (%) 5 -13 Growth (%) (excl. currency effects) 3 -11 • Best y-o-y quarterly revenue growth (in SEK) in 25 quarters (Q308) • Sequential growth ev
Slide 10: License Business Model Change Almost Complete
License Business Model Change Almost Complete Perpetual license revenues in Q414 below 1% of total SW revenues Almost 100% base for recurring license revenues going forward Q414 revenues from term-based development licenses, including support and maintenance, small growth over Q413 Q414 reve
Slide 11: World-Wide Business Q414 Highlights
World-Wide Business Q414 Highlights World-Wide - 6% y-o-y growth in Software Business - 31% y-o-y growth in Global Services Europe outside Key accounts - Triple digit growth in Software Business - Triple digit growth in Services Business Americas - Double digit growth in Software Business - Si
Slide 12: Good Revenue Mix
Good Revenue Mix • Rtos revenues flat in Q414 as well as FY14 • Four new Linux customers in FY14 – two new Linux customers in January 2015 • Double digit growth in Middleware Q414 – single digit growth FY14 • Double digit growth in Services (Product Services as well as Global Services) FY14
Slide 13: Double Digit Growth in Services Revenues
Double Digit Growth in Services Revenues Third consecutive quarter with double-digit improvement compared with the same quarter previous year Fifth consecutive quarter with sequential growth Double Product Services revenues FY14 over FY13 16% growth Global Services FY14 over FY13 Global Se
Slide 14: Strong Financial Position
Strong Financial Position Q414 cash flow from operations 38.5 (13.6) MSEK FY14 cash flow from operations 116.2 (76.6) MSEK Cash, cash equivalents and financial investments at the end of the quarter were 215.3 (163.6) MSEK Enea has no debt and unused credits of 15 MSEK The equity ratio was
Slide 15: Way Forward & Outlook
ENEA & Way Forward & Outlook
Slide 16: Significant Investment in R&D
Significant Investment in R&D We invest heavily in R&D – FY14 20.5% We focus on the communication systems and expertise – and the ARM ecosystem Networks are being reshaped – today people are talking about virtualization of network functions (NFV) or entire networks (SDN). It is all pieces of a
Slide 17: Enea's Engagement in Open Source
Enea’s Engagement in Open Source
Slide 18: Enea as a Linux Foundation Training Partner
Enea as a Linux Foundation Training Partner Enea is one of five world wide The Linux Foundation has an Authorized Training Partner training partners of the Linux (ATP) Program. This initiative Foundation. supports our strategy of expanding access to Linux training so that we continue to Nine differe
Slide 19: Linux is becoming a Business Catalyst
Linux is becoming a Business Catalyst In Q4 Enea… …had Linux as the main driver for training and Enea Training & Enea Linux courses …helped users with a combination of OSE and Enea Linux & Enea OSE Linux based on the ”OSE Compatibility Platform” …provided a combination of OSE and OSEck to Enea OSE &
Slide 20: Long Term Ambition
Long Term Ambition Enea’s ambition during five years, starting 2012, is to create a global software company with a large proportion of recurring revenues. Enea will be focusing on organic growth, but both strategic and supplementary acquisitions will be evaluated regularly. Our objective durin
Slide 21: Target Compliance & Market Outlook
Target Compliance & Market Outlook Target Compliance for 2014 Outlook 2015 Enea increased its revenues during 2014 and Our objective full year 2015 is to achieve achieved an operating margin of 21.9 percent revenue growth and our assessment is that for the full year. During 2014, Enea has also e
Slide 22: Thank You!
Thank You! For additional information on Enea, please contact: Anders Lidbeck , President & CEO anders.lidbeck@enea.com Sofie Sarhed, Investor Relations sofie.sarhed@enea.com Phone: +46 8 507 140 00