Slide 1: Smart Eye Year-End Report Q4 2024
Smart Eye Year-End Report Q4 2024 Martin Krantz CEO Mats Benjaminsson CFO February 18, 2025 1
Slide 2: Human Insight AI
Human Insight AI Technology that understand, supports and predicts human behavior in complex environments 2
Slide 3: Summary Q4 Report
Summary Q4 Report Positive organic growth and improved profitability Automotive 100 MSEK (91 LY) 75 car models (67 LQ) 42% Organic 18% Organic reached production Growth growth 10 OEMs (9 LQ) 200% licenses Improved EBITDA + 7% Savings Program -19 MSEK (-24 LY) Behavioral Research in progress Underlyi
Slide 4: Automotive
Automotive Car models entered production Korean and US OEM’s drive the license revenue growth 2024 Japanese and European OEM’s have introduced a few models Outlook 2025 European OEMs expected to lead the introduction of new car models Korean, US and Japanese OEM’s also expected to continue introduci
Slide 5: Clear market leader with design wins
Clear market leader with 359 design wins 1 1 DW:s reached 1 35 359 2 357 Automotive design wins SEK 8.2 bn estimated order value production 4 322 320 319 19 315 by year 296 Upsell potential SEK 3.2 bn 46 Number of design wins announced to date 2025 ending: 12 22 OEMs 2024 12 9250 2023 8 12 217 229 2
Slide 6: Driver tracking software interface
Tracking: Tracking Glasses: Glasses (100) Face mask: No face mask (1.00) Speech: Not Speaking Driver: Jackson Reset / Emotion Detection YV Tracking Data x Driver prasent: Head detected (2.00) Tracking status: Tracking Head tracking Position: (-6.025, -0.079, 9.074) (1.60) Rotation: h = §.241, p= -0.
Slide 7: Fast-growing DMS market, Interior Sensing will follow
Fast-growing DMS market, Interior Sensing will follow EU’s regulation, Advanced Driver Distraction Warning for new type approvals started 7th of July 2024 EU regulation (GSR) From July 2024, Advanced Driver Distraction Warning (ADDW) for all new types of motor vehicles From July 2026, Driver Drowsin
Slide 8: New technology: Licensing of Iris Authentication Technology
New technology Licensing of Iris Authentication Technology Opportunity to acquire the technology at very low cost Strong market demand from the automotive industry A way for Smart Eye to leapfrog the competition Opens up for other interesting use cases in the car – beyond authentication 8
Slide 9: Financial Results
Financial Results 9
Slide 10: Financial Highlights – Q4 2024
Financial Highlights – Q4 2024 Strong growth and improved profitability Net Sales 100.3 (91.3), growth +10% Y/Y Gross Profit +10.0 MSEK Y/Y Gross Margin 90% (88%) EBITDA, -18.7 (-24.3) MSEK Operational result +4.0 MSEK Earnings before tax -65.2 (-67.9) MSEK 10
Slide 11: Financial Highlights – Q4 2024
Financial Highlights – Q4 2024 Strong growth and improved profitability Net Sales 100.3 (91.3), growth +10% Y/Y Automotive NRE revenue distribution Adjusted organic growth +18% Y/Y Adjusted to better reflect the revenue distribution over the Gross Profit +16.2 MSEK Y/Y development project’s life cyc
Slide 12: Sales Smart Eye Group - Automotive Business
Sales Smart Eye Group - Automotive Business Growth +16% Y/Y Adjusted Organic Growth +42% Y/Y Growth rolling 12 months +52% Y/Y Adjusted Growth R12 +55% Y/Y License revenue continues to increase driven by more car models in production and higher production volumes License revenue increased with 200%
Slide 13: Sales Smart Eye Group - Behavioral Research
Sales Smart Eye Group - Behavioral Research Growth 7% Y/Y Growth rolling 12 months +3% Y/Y Strong order intake and sales development for iMotions Media Analytics improved net sales in the quarter Y/Y Research Instrument improved net sales development Q/Q Net Sales in the quarter amounts to 64 MSEK,
Slide 14: Smart Eye Group EBITDA
Smart Eye Group EBITDA Cost control OPEX is 4.4 MSEK higher than last year OPEX excl. one-time items slightly lower than last year One-time items amounts to 9.8 MSEK and is driven by restructuring expenses Improved profitability Improved EBITDA +5.6 MSEK (Y/Y) Strong improvement of underlaying EBITD
Slide 15: Smart Eye Group Cash flow development
Smart Eye Group Cash flow development Available cash ending balance including credit facilities amounts to 229.7 Utilized credit facility amounts to 25 MSEK per end of December Cash flow amounts to -23.1 MSEK Operating cash flow -9.8 MSEK One-time payments referring to restructuring and financing -8
Slide 16: smarteye.ai
Improving road safety to save lives around the world and redefining the mobility experience to enhance comfort, wellness and entertainment 16 smarteye.ai