Slide 1: Protection at work, a better life at home
Record-breaking quarter and full year. Acquisition creates new growth opportunities Protection at Investor Conference Call work, February 13, 2025 . CEO Lars Højgård Hansen a better life at CFO Thomas Larsson home 1 IRO Michael Peterson
Slide 2: A quarter that shows financial strength and enhances our future capabilities
A quarter that shows financial strength and enhances our future capabilities • The positive trend continued in Q4, leading to a record quarter and year. • Revenue close to SEK 600 million in Q4. Key figures Q4 2024 • Order intake at almost SEK 550 million, and order book exceeding SEK 800 million. S
Slide 3: Order intake approx. SEK 550 million
Order intake approx. SEK 550 million • Demand continues to be strong across our product portfolio and in both our main geo- graphical markets, North America and Europe. • Record strong order intake in the quarter of SEK SEK million SEK million 549 million (298). 800 2,500 • Full year order intake of
Slide 4: Entering 2025 with a well-filled order book
Entering 2025 with a well- • The order book at year-end had a total value of filled order book SEK 831 million (603). • The large order book provides a strong start to 2025, with the majority expected to be SEK million SEK million delivered during the first half of the year. 1200 1,000 900 1000 800
Slide 5: Full year revenue of SEK 1.8 billion
Full year revenue of SEK 1.8 billion • The positive trend strengthened further during Q4, resulting in record high revenue of SEK 594 million (346). • Full-year revenue was SEK 1,807 million (1,238). SEK million SEK million Excluding the third-party radio delivery announced 700 2,000 in Q1 2024, ful
Slide 6: Stable gross margin
Stable gross margin • Gross profit in the quarter was SEK 359 million (198), resulting in a margin of 60.4 percent (57.4). • Full-year 2024 gross profit totaled SEK 1,007 million (747), equal to a margin of 55,7 percent (60,3). % 70 • Full-year gross margin, excluding the third-party radio delivery,
Slide 7: Continued stable underlying trend for OPEX
Continued stable underlying • INVISIO is following its investment plan. This trend for OPEX resulted in operating expenses, including depreciation, increasing by approximately 20 percent in 2024. SEK million SEK million • The increase related primarily to future-focused investments in hiring more R&
Slide 8: Higher revenue directly impacts EBIT
Higher revenue directly • The operating margin reached a record high of impacts EBIT 32.8 percent (18.0) in the quarter. • For the full year, it was 22.3 percent (19.6). • It is important to point out that the company's % development should always be evaluated from a 40 longer-term perspective and n
Slide 9: Cash flow impacted by late Q4 sales that will be recognized in Q1
Cash flow impacted by late Q4 sales • Cash flow for the quarter was SEK -5.2 that will be recognized in Q1 million (21.1). • Cash flow from operating activities totaled SEK 22.9 million (36.8). SEK million SEK million • The change is primarily due to strong deliveries at the end of Q4, with payments
Slide 10: SEK 115 million order for intercom and personal communication systems
SEK 115 million order for intercom and personal communication systems • The order includes systems designed to provide seamless communication capabilities for both mounted and dismounted users. • Reflects the growing demand for INVISIOs advanced communication solutions, which are designed to enhance
Slide 11: Co-development with US Defense Innovation Unit (DIU)
Co-development with US Defense Innovation Unit (DIU) resulting in advanced wireless tactical communications Key attributes INVISIO Link : • Tailored connectivity INVISIO • Unlimited mobility • Seamless comms: Uncompromised wireless quality • Secure and lightweight • Mount anywhere US DIU User First
Slide 12: UltraLynx enables the modern soldier system
UltraLynx enables the modern soldier system • The modern soldier system is a complex network of radios, weapon sights, navigation tools and sensors from various suppliers with unique standards. These devices must seamlessly share data, audio and power. • Integration is challenging due to differing p
Slide 13: The UltraLynx acquisition
The UltraLynx acquisition • INVISIO acquired UK company Ultra PCS’s UltraLYNX product line in January 2025. • The product line consists of intelligent data hubs and associated integration cables • The purchase price of USD 3.5 million gives full rights to the product line. • Know-how is secured by t
Slide 14: UltraLynx functionality
UltraLynx functionality • UltraLYNX software-defined hubs enable seamless integration of devices from different suppliers, including those not originally designed to work together. • The product line creates an ecosystem that provides audio, data connectivity and power, reducing the cognitive and ph
Slide 15: How does this fit with our solutions?
How does this fit with our solutions? Extra Port • Can be used as a standalone system. • Interconnects multiple devices. UltraLYNX • Seamless integration. • Simplifies setup for the user. V60 II ADP End User Extra Port Device • Allows for modular setups to enhance flexibility. • One system can enhan
Slide 16: UltraLynx expands our value proposition and will catalyze product development
UltraLynx expands our value proposition and will catalyze product development • The acquisition aligns with INVISIO’s strategic vision to expand and enhance future product offerings. • UltraLYNX will act as a catalyst for the development of future innovative and cutting-edge products. • By broadenin
Slide 17: The annual addressable market at SEK 25 billion (14)
The annual addressable market at SEK 25 billion (14). • A more mature market means more potential users: Estimated annual market Updated Previous % diff. Modernization programs, driven by increased digitalization and equipment obsolescence, are value in SEK billion estimate estimate expanding opport
Slide 18: Proposed dividend and policy
Proposed dividend and policy • The board of directors proposes a dividend of SEK 2.30 per share (1.30). • The objective is that over time the dividend should be between 25 and 50 percent of profit after tax. • Over the last five years, the average dividend has totaled 48 percent of the company’s tot
Slide 19: Looking into 2025: Expected strong demand going forward
Looking into 2025 Expected strong demand going forward • INVISIO is committed to playing a more central role in the advancement of modern soldier systems, an ambition further reinforced by the acquisition of UltraLynx . • An increasingly strong offering and large order book, combined with high level
Slide 20: Q&A
Q&A INVISIO°
Slide 21: Appendix
Appendix INVISIO°
Slide 22: Condensed consolidated income statement and comprehensive income
Condensed consolidated income Data per share statement and consolidated statement of comprehensive income Full year 4 Full year SEK million Note 2023 2024 2023 2024 2023 2024 345.8 1,806, 1,238.5 Earnir old ~147.2 799, 41.2 Gross profit 358.8 198.5 1,007.0 747.3 e period, SEK 3.46 112 672 dilution,
Slide 23: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position Dec 31, Dec 31, Dec 31, Dec 31, SEK million Note 2024 2023 ‘SEK million Note 2024 2023 ASSETS SHAREHOLDERS’ EQUITY AND LIABILITIES Non-current assets Shareholders’ equity 1,029.0 720.4 Coca] 629 58.0 Non-current liabilities Capitalized developme
Slide 24: Condensed consolidated statement of cash flows
Condensed consolidated statement of cash flows Cry Full year Cry Full year SEK million 2024 2023 2024 2023 SEKmilllion 2024 2023 2024 2028 Operating activities Financing activities Profit before tax 2017 664 4074 241.9 Newissue by exercise of employee stock options - = = 586 Adjustments for non-cash
Slide 25: Thank you
Thank you INVISIO°