Slide 1: F-Secure Corporation
F-Secure Corporation Sari Somerkallio, CFO Carnegie IT Seminar November 2024
Slide 2: F-Secure in 2023
F-Secure in 2023 Revenue by channel, %* Revenue by geography, %* 6% 19% 31% Nordic countries 25% Partner Rest of Europe channel North America Direct channel Rest of World 81% 38% 2
Slide 3: Our purpose, vision and mission
Our purpose We exist to make every digital moment more secure, for everyone Our vision To become the #1 security experience company in the world Our mission Continuously deliver brilliantly simple, frictionless security experiences to our customers and partners 3
Slide 4: Our #1 security experience vision
Our #1 security experience vision Consumer Partner Trusted companion Security business as-a-service Holistic Contextual & Business Flexibility Protection Personalized Outcomes Empowered Engagement 4
Slide 5: F-Secure consumer security portfolio
F-Secure consumer security portfolio Protecting your customers’ digital moments in a holistic way. Internet Privacy Browsing & Privacy Protection Security Phishing Protection Protection Trusted Device companion Identity Monitoring Protection & Breach alerts Identity Protection Family Password Rules
Slide 6: Comprehensive portfolio across platforms, devices & networks
Comprehensive portfolio across platforms, devices & networks All-in-one security and privacy app Embedded security SDK and API based security and privacy protection F-Secure Total capabilities AT&T Active Armor Fintech Carrier apps with mobile app Superapp router management Device Security Scam Prot
Slide 7: F-Secure transforming to a customer centric business model
F-Secure transforming to a customer centric business model Strategic Partners Major Partners Commercial Partners Direct Business BUSINESS SEGMENT World’s largest Service Providers Leading regional Service Providers Large volume of popular Service (SP’s) Providers Increase Total adoption among partne
Slide 8: Consumer cyber security is a large, growing market
Consumer cyber security is a large, growing market Several market drivers accelerating growth Global cyber security market (EURbn)* 22-26E CAGR ➢ Increasing digitalization affects 10.3 6.8% consumer behavior 1.6 9.5% 7.9 ➢ Consumers’ increasing willingness 1.1 2.4 3.8% to pay is increasing 2.0 ➢ Cyb
Slide 9: F-Secure strategy journey
F-Secure strategy journey To become the #1 security experience company in the world 2025+ 2024 2023 CSP Leadership Be the undisputed leader among world’s leading Communications Service Providers 2022 Tier 1 ramp-up Total Embedded Security portfolio Total New Tier 1 partnerships Year of Total Lookout
Slide 10: January−September 2024: Revenue +16.9%, organic growth +2.4%
January−September 2024: Revenue +16.9%, organic growth +2.4% Revenue by geography Revenue by channel Adjusted EBITA EURm EURm EURm +16.9% +16.9% 109.2 109.2 +23.1% 93.5 93.5 7.7 +36.1% 40.5 21.0 37.1% 32.9 5.7 +14.2% 35.2% 34.1 +59.2%* 18.4 21.4 14.6 12.8 -1.0%* 36.4 36.1 88.2 +17.5% 13.2 75.1 9.9 +
Slide 11: Gross margin and adjusted EBITA development
Gross margin and adjusted EBITA development Gross margin Adjusted EBITA and adjusted EBITA margin EURm EURm 45.0 93.6% 20 45.0% 92.0% 40.3% 89.4% 89.4% 40.0 85.7% 85.9% 86.4% 90.0% 18 36.7% 40.0% 36.4% 36.1% 34.9% 33.0 16 32.4% 14.6 35.0% 35.0 31.4 31.4 31.4 31.7% 31.2 80.0% 14 12.8 12.7 13.2 30.0 2
Slide 12: Outlook for 2024 (specified on October 24, 2024)
Outlook for 2024 (specified on October 24, 2024) Background for the outlook (specified) Growth • F-Secure expects the consumer cyber security market to grow mid-single digit CAGR F-Secure estimates that revenue for 2024 will between 2024-2026*. The growth may be moderated due to uncertainties we see
Slide 13: Delivering sustainable security experiences
Delivering sustainable security experiences Our ESG Commitments 2024 sustainability priorities 1 Legislative compliance 2 Transparency and value to stakeholders 3 Talent development, retention and acquisition 4 DEI and Fellow wellbeing 13
Slide 14: Focus areas in 2024
Focus areas in 2024 A leading security experience Accelerate profitable Deliver on #1 Security Stronger focus on Partner Optimize Direct Business growth to fund further Experience vision on Business and Tier 1 revenue and profit growth investments product and service offering partnerships as a new f
Slide 15: Thank you!
Thank you! Next up: F-Secure Investor Day 2024: Wednesday 20 November 2024 at 12:00 EET F-Secure headquarters in Helsinki, Finland Welcome!
Slide 16: ¢: F-Secure
¢: F-Secure