Slide 1: Inside Secure 2016 Earnings Presentation
Inside Secure 2016 Earnings Presentation Amedeo D’Angelo, President & CEO Richard Vacher Detournière, GM & CFO February 20, 2017 www.insidesecure.com 1 |
Slide 2: Disclaimer
Disclaimer This presentation and the information it contains are not intended to constitute, and should not be construed as an offer to sell or a solicitation to buy or subscribe to any Inside Secure securities, in any jurisdiction. Any public offering of Inside Secure securities would be made by me
Slide 3: Agenda
Agenda Key Highlights Q4 Revenue and Full Year Financial Overview 2017 Outlook Q&A Appendix 3 |
Slide 4: Agenda
Agenda Key Highlights Q4 Revenue and Full Year Financial Overview 2017 Outlook Q&A Appendix 4 |
Slide 5: Key Highlights
Key Highlights Strategic transformation completed: Sale of the semiconductor business and focus on security software and silicon IP Consolidated1 revenue: $49.9 million for FY2016, up 86% vs. 2015: Revenue from the core software and silicon IP business of $35.8 million for FY2016, up 35% vs. 2015, d
Slide 6: Agenda
Agenda Key Highlights Q4 Revenue and Full Year Financial Overview 2017 Outlook Q&A Appendix 6 |
Slide 7: Q4 2016 Revenue
Q4 2016 Revenue Q4-2016 Q4-2016 Q4-2016 Q4-2015 in thousands of US$ vs. Q4-2015 vs. Q3-2016 Licenses 2 889 2 223 30% 321% Royalties 5 982 2 827 112% -41% Maintenance, development agreements 1 138 1 027 11% 0% and other Total Revenue from software and IP 10 008 6 077 65% -16% Unallocated 323 - - - To
Slide 8: FY 2016 Revenue
FY 2016 Revenue 2016 2015 Y-o-Y % in thousands of US$ Licenses 6 573 9 906 -34% Royalties 24 160 12 304 96% Maintenance, development agreements and 5 021 4 364 15% other Total Revenue from software and IP 35 754 26 574 35% Unallocated 14 190 345 Total Revenue 49 944 26 919 86% Core business up 35% v
Slide 9: Adjusted Income Statement
Adjusted* Income Statement (continuing operations) 12 months 12 months 2016 2015 in thousands of US$ consolidated consolidated Revenue 49 944 26 920 High growth due to royalties and NFC Cost of sales (adjusted) (5 421) (2 783) patent licenses Adjusted Gross profit 44 523 24 137 in % of revenue 89,1%
Slide 10: Strong increase in cash position
Strong increase in cash position Continuing and discontinued operations 30 $27.1 m Proceed from sale of the semiconductor Other 25 Change in working business Net profit excluding capital (*) (-1,5) non cash items (+2,1) (+ 0,5) (+ 4,1) Rights Issue 20 (+5,5) Capital expenditure $16.4 m (- 0,2) 15 10
Slide 11: Strong Balance-Sheet
Strong Balance-Sheet (as at December 31, 2016, in $’000) Assets Equity & Liabilities Goodwill 18 773 Equipment and 8 058 intangible assets Other assets Equity and (incl. bonds 63 670 retained earnings 15 622 reedemable in shares) Net cash 26 978 4 773 Other liabilities Working capital (987) 11 |
Slide 12: Agenda
Agenda Key Highlights Q4 Revenue and Full Year Financial Overview 2017 Outlook Q&A Appendix 12 |
Slide 13: 2017 Outlook
2017 Outlook 2016: Inside Secure achieved profitability1 through Strategic transformation, Refocusing of its activities, and Rightsizing of its operating cost base 2017 objectives: Sustain profitability1 of its core software and silicon IP business on a full year basis Keep on growing the new licens
Slide 14: Agenda
Agenda Key Highlights Q4 Revenue and Full Year Financial Overview 2017 Outlook Q&A Appendix 14 |
Slide 15: Agenda
Agenda Key Highlights Q4 Revenue and Full Year Financial Overview 2017 Outlook Q&A Appendix 15 |
Slide 16: Definitions 1/2
Definitions 1/2 Continuing and Discontinued Operations Following Inside Secure’s announcement on May 19, 2016 of the sale of its semiconductor business to WISeKey and in accordance with IFRS 5, Inside Secure semiconductor activity qualifies as a discontinued operation. Consequently, income and expen
Slide 17: Definitions 2/2
Definitions 2/2 Adjusted measures Certain financial measures and performance indicators are presented on an adjusted basis. These indicators are not defined under IFRS; they should be considered to be supplementary information, not substitutable for any other indicators of operating and financial pe
Slide 18: Reconciliation from Adjusted to IFRS - 2016
Reconciliation from Adjusted to IFRS - 2016 Business Sharebased Other non- 2016 Adjusted 2016 IFRS combination payments recurring costs in thousands of US$ Revenue 49 944 - - - 49 944 Cost of sales (5 421) (3 529) (1) - (8 951) Gross margin 44 523 (3 529) (1) - 40 993 in % of revenue 89,1% 82,1% R&D
Slide 19: Reconciliation from Adjusted to IFRS - 2015
Reconciliation from Adjusted to IFRS - 2015 Business Sharebased Other non- in thousands of US$ 2015 Adjusted 2015 IFRS combination payments recurring costs Revenue 26 920 - - - 26 920 Cost of sales (2 783) (9 151) (1) - (11 935) Gross margin 24 137 (9 151) (1) - 14 985 in % of revenue 89,7% 55,7% R&
Slide 20: Inside Secure: at the heart of security solutions for mobile and connected devices
Inside Secure: at the heart of security solutions for mobile and connected devices • We provide the software, silicon IP, tools and know-how needed to protect customers’ transactions, content, applications, and communications. • We are uniquely positioned to meet the advanced and evolving security n
Slide 21: Inside Secure: at the heart of security solutions for mobile and connected devices
Inside Secure: at the heart of security solutions for mobile and connected devices Inside Secure covers the broadest range of security solution to serve demanding and varied markets We safeguard applications We secure data & We provide communication silicon IP Content 21 |
Slide 22: Investor information
Investor information Contacts Inside Secure Inside Secure Corporate communications Investor relations Géraldine Saunière Richard Vacher Detournière Marcom Director GM & CFO +33 (0) 4 42 39 33 01 Financial Calendar www.insidesecure.com Q1 2017 Revenue April 20, 2016 http://www.insidesecure-finance.co