Slide 1: Third quarter 2022 Earnings presentation
Third quarter 2022 Earnings presentation 3 November 2022 1 Third quarter 2022 - Earnings presentation
Slide 2: Disclaimer
Disclaimer This presentation (the "Presentation") has been nor does any of them accept any responsibility for No shares or other securities are being offered produced by poLight ASA (the "Company") the future accuracy of the opinions expressed in pursuant to this Presentation. This Presentation excl
Slide 3: Today's agenda
Today’s agenda Presenting • Key events Dr. Øyvind Isaksen • Introduction to poLight Chief Executive Officer Dr. Isaksen has been CEO of poLight since August 2014. He has • Operations and markets review previously held several CEO positions, most recently in the publicly listed company Q-Free ASA, wh
Slide 4: Key events in the quarter
Key events in the quarter • Follow-on order from an Augmented Reality (AR) customer, - confirms that an enterprise AR product using TLensÒ will be on the market in 2022 • Other AR cases also progressing well – encouraging pipeline building up • Xenocore has confirmed use of TLensÒ in their next gene
Slide 5: poLight at a glance
poLight at a glance Background & description Geographical footprint • Global player in tunable optics with applications Horten Norway in mobile, web cam, industrial, augmented Oxford Tampere Finland reality, medical and others UK Lyon San Jose, CA France • Founded in 2005 and has since developed USA
Slide 6: poLight products & technology well-suited for several applications
poLight products & technology well-suited for several applications Smartphones, wearables, Barcode/Industrial Augmented Reality (AR) Other accessories • Evolving from 1D laser to 2D • AR is expected to to grow • New opportunities are • Smartphone represent a large imaging barcode readers significant
Slide 7: TLens customer-wins
TLens® customer-wins XIAOMI Mi MAXHUB Bunny 4 Pro UC W20 smart watch Honeywell EX 30 barcode XUN scanner Smartwatch Augmented reality Max Pro – world-facing camera Barcode reader – industrial application Machine Vision – direct marking reading Barcode reader 7 Third quarter 2022 - Earnings presentat
Slide 8: Operations and market review
Operations and market review 8 Third quarter 2022 - Earnings presentation
Slide 9: Consumer/smartphone: Add-in TLens design opens opportunities
Consumer/smartphone: Add-in TLens® design opens opportunities • Add-in TLens® design is attracting good interest • Several reference designs have been developed to position TLens® for various use cases • During the quarter, the focus has been on smartphone and augmented Education reality application
Slide 10: AR: an enterprise product using TLens will be on the market in 2022
AR: a enterprise product using Enterprise & TLens® will be on the market in 2022 Consumer use cases Lo gis tic • TLens is being considered by several important market players Education • Low power consumption, no gravity sensitivity, temperature stabilisation, high speed and compactness key • Follow
Slide 11: Barcode / Industrial
Barcode / Industrial • Teledyne e2v launched “Optimom 2M – Multi Focus Lens” at Vision exhibition in Stuttgart, - their 2nd generation camera powered by TLensÒ • The opportunity pipeline for this market segment is quite promising • It will, however, take time to develop this market and will require
Slide 12: Healthcare
Healthcare • Xenocore has confirmed use of TLensÒ in their next generation disposable laparoscope (Saberscope), - undergoing qualification (https://xenocor.com) • Related to the announcements made 20 August 2021 and 21 September 2021 • The Kavli activity has generated a lot of activity and the compa
Slide 13: Good progress in most customer cases
Good progress in most customer cases Design-win Project Completed PoC Ongoing PoC Planning PoC Consumer 3 (3) 0 (0) 30 (28) 5 (7) 6 (5) Augmented Reality 1 (1) 5 (5) 11 (10) 4 (5) 9 (6) Industrial 4 (4) 1 (1) 17 (17) 12 (9) 12 (11) Other (e.g. medical, etc) 1 (1) 1 (1) 3 (3) 12 (10) 9 (7) 9 (9) 7 (7
Slide 14: Financial review
Financial review 14 Third quarter 2022 - Earnings presentation
Slide 15: Key financials
Key financials Income statement Balance sheet summary (in NOK million) Q3 2022 Q3 2021 FY 2021 (in NOK million) Q3 2022 Q3 2021 FY 2021 Revenue 5.3 1.7 10.0 Intangible assets 26.7 35.9 33.4 Cost of sales -2.1 -0.9 -3.9 Inventories 36.0 12.2 16.8 Research and development expenses -7.2 -2.0 -25.4 Cash
Slide 16: Cash Flow
Cash Flow Q3 2022 cash flow development • Q3 cash used in operating activities was NOK 19.6 million, compared with NOK 9.1 million in Q3 2021 (NOK million) • Increased inventory by NOK 5.5 million in the quarter 124.4 -19.6 • Q3 cash used in investing activities was NOK 0.3 104.4 -0.3 -0.2 0.1 milli
Slide 17: Outlook
Outlook 17 Third quarter 2022 - Earnings presentation
Slide 18: Outlook
Outlook • The activity level is high and is reflecting a growing pipeline • Several smartphone OEMs are experiencing reduced sales impacting their willingness to invest in new releases and implies increased cost awareness • However, the increasing pressure on better performance selfie camera, and ch
Slide 19: Q&A NEXT EVENT
Q&A NEXT EVENT Q4-22 16 February 2023 19 Third quarter 2022 - Earnings presentation
Slide 20: Appendix
Appendix 20 Third quarter 2022 - Earnings presentation
Slide 21: Management Team
Management Team Dr. Øyvind Isaksen Chief Executive Officer Dr. Isaksen has been CEO of poLight since August 2014. He has previously held several CEO positions, most recently in the publicly listed company Q-Free ASA, which he left in January 2014, after 7 years as CEO. Øyvind Isaksen holds a PhD in
Slide 22: Board of Directors
Board of Directors Grethe Viksaas – Board Chair, independent Grethe Viksaas has a long career from the Northern European managed service provider Basefarm AS. First as founder and CEO, and later as executive chair and member of the board of directors. Prior to Basefarm, Ms Viksaas served as CEO for
Slide 23: Statement of income
Statement of income 23 Third quarter 2022 - Earnings presentation
Slide 24: Balance sheet
Balance sheet 24 Third quarter 2022 - Earnings presentation
Slide 25: Cash flow
Cash flow 25 Third quarter 2022 - Earnings presentation