Slide 1: RTX Q1 – Investor Presentation
RTX Q1 – Investor Presentation Q1 - 2024/25 Version 31-01-2025
Slide 2: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements This presentation contains statements regarding expectations for the future development of RTX A/S, including future revenue and operating profit (EBITDA), reflect Management’s current outlook and carry some uncertainty. These statements can be affected by a
Slide 3: Agenda
Agenda 1. About RTX 2. Key Highlights and Business Update 3. Financial Highlights for Q1 2024/25 4. Outlook 5. Q&A 2024/25 Q1 - RTX - Investor Presentation 3
Slide 4: Helping people perform at their best
Helping people perform at their best Wireless communication is an integral part of all our lives RTX provide our customers with the best possible wireless communication solutions, allowing their customers to seamlessly connect and communicate 2024/25 Q1 - RTX - Investor Presentation 4
Slide 5: Market Trends Anywhere Anytime
Market Trends Anywhere Anytime Increasing demand for wireless communication (Speech / Audio / Text / Data) driven by the need for mobility, reliability, and operational efficiency 2024/25 Q1 - RTX - Investor Presentation 5
Slide 6: Trusted Partnerships throughout the value chain
Trusted Partnerships throughout the value chain B2B Customers Industry Structure 2024/25 Q1 - RTX - Investor Presentation 6
Slide 7: Design-in customer solutions and long life cycles
Design-in customer solutions and long life cycles Decade long contracts with global customers Effort and revenue Revenue Engineering effort ODM/OEM revenue Start-up for replacement NRE revenue product Years Development phase Ramp phase Main phase End Replacement of life product 1 to 2 years 1 to 2 y
Slide 8: What we do
What we do RTX innovates, designs, and manufactures wireless communication solution. Working in close partnership with our B2B customers, we offer ‘turn-key’, end-to-end solutions with full product lifecycle management . Enterprise ProAudio Healthcare Wireless IP telephony Modules for high quality I
Slide 9: Agenda
Agenda 1. About RTX 2. Key Highlights and Business Update 3. Financial Highlights for Q1 2024/25 4. Outlook 5. Q&A 2024/25 Q1 - RTX - Investor Presentation 9
Slide 10: Enterprise Update
Enterprise Update Infrastructure, Handset and Headset Highlights • New orders from several long-term customers render a more robust result for Enterprise. • Order horizon remain short, but some of our customers have reached the desired reduced inventory level • SME customer segment develops in line
Slide 11: ProAudio Update
ProAudio Update Connectivity modules for professional audio solutions Highlights • Progress on extending customer portfolio for modules, improving profitability • Transition from product to module is taking longer than anticipated • Order pipeline for the year is building up supporting the outlook f
Slide 12: Healthcare Update
Healthcare Update Infrastructure for patient monitoring solutions Highlights • Prolonged transition of ownership of the product systems • Second field test of new product planned early financial Q3, together with major hospital chain in the US • Order pipeline for the year is building up supporting
Slide 13: Agenda
Agenda 1. About RTX 2. Key Highlights and Business Update 3. Financial Highlights for Q1 2024/25 4. Outlook 5. Q&A 2024/25 Q1 - RTX - Investor Presentation 13
Slide 14: Revenue
Revenue Revenue DKK million Revenue Q1: 101 DKKm 300 500 498 250 400 Revenue (2023/24) Q1: 82 DKKm 349 300 200 +23% 200 150 101 207 82 100 The revenue development reflects a 100 strong performance in Enterprise, where 0 some customers have reduced their 142 149 125 inventory and has started placing
Slide 15: Gross Margin
Gross Margin Gross Margin % Gross Margin Q1: 50.8 % 150 60 50,8% Gross Margin (2023/24) 50 Q1: 38.9 % 100 +11,9 pp 46,7% 44,9% 40 42,9% 38,9% As anticipated, we see a solid gross 30 50 margin in Q1. This is a result of both product mix and cost optimization 20 efforts in production planning 50,8% 45
Slide 16: EBITDA
EBITDA EBITDA DKK million EBITDA Q1: -9.4 DKKm 100 50 80 -9 EBITDA (2023/24) 0 60 3 Q1: -30.5 DKKm -20 40 -31 -30 -50 20 -100 The development in EBITDA for the +21 23 1 9 period is impacted mainly by the 0 -9 revenue level and improved gross -150 -31 margin compared to same period last -20 year. -40
Slide 17: Other key financial highlights
Other key financial highlight Inventory Net liquidity position Free Cash Flow Free Cash flow Equity Ratio Q4: 3 DKKm Q1: 82 DKKm Q1: 97 DKKm Q1: -14 DKKm Q1: 68 % Q1 23/24: 108 DKKm Q1 23/24 : 116 DKKm Q1 23/24: -23 DKKm Q1 20 FY: DKKm 23/24: 72% Inventory end of Q1 Net liquidity position Free Cash
Slide 18: Agenda
Agenda 1. About RTX 2. Key Highlights and Business Update 3. Financial Highlights for Q1 2024/25 4. Outlook 5. Q&A 2024/25 Q1 - RTX - Investor Presentation 18
Slide 19: Outlook FY 2024/25
Outlook FY- 2024/25 2024/25 Financial Outlook 2024/25 Outlook is Maintained As communicated in annual report November 2024 Revenue: Revenue: 490 to 520 DKKm • • Development as anticipated Short visibility gives insight on 3-6 months • Orderbook is building up EBITDA / EBIT: EBITDA: 0 to 20 DKKm • Pr
Slide 20: Agenda
Agenda 1. About RTX 2. Key Highlights and Business Update 3. Financial Highlights for Q1 2024/25 4. Outlook 5. Q&A 2024/25 Q1 - RTX - Investor Presentation 20
Slide 21: Questions
QUESTIONS 2024/25 Q1 - RTX - Investor Presentation 21