Slide 1: Q2 2024 Earnings call
Q2 2024 Earnings call July 18, 2024
Slide 2: Fredrik Ruben, CEO and Linda Tybring, CFO
Fredrik Ruben Linda Tybring Chief Executive Officer Chief Financial Officer linda.tybring@dynavoxgroup.com 2024-07-18 2 © 2024 Dynavox Group AB (publ)
Slide 3: About Dynavox Group
About Dynavox Group 2024-07-18 3 © 2024 Dynavox Group AB (publ)
Slide 4: Our Vision and Mission
Our Vision A world where everyone can communicate Our Mission We empower people with disabilities to do what they once did, or never thought possible 2024-07-18 4 © 2024 Dynavox Group AB (publ)
Slide 5: Our purpose
~ 50M number of people who cannot communicate effectively without Our purpose communication aids today As the world leader in assistive communication, we will drive the market forward while addressing a hugely underserved global audience. ~ M 2 ~ %2 number of people diagnosed percentage of people ye
Slide 6: Our global reach
Our global reach Revenue break down per region¹ • North America 77% • Europe 19% • Other countries 4% Dynavox Group partners with local experts Dynavox Group presence ¹ Based on FY 2 024 YTD June revenue 2024-07-18 6 © 2024 Dynavox Group AB (publ)
Slide 7: Our comprehensive communication solution
Our comprehensive communication solution Language systems - From our catalogue of synthetic voices to our library of symbols to our text-based systems, we design highly customizable solutions. Software - Through our software, users can access computers, browse the web, text, and develop literacy ski
Slide 8: Q2: April – June 2024
Q2: April – June 2024 2024-07-18 8 © 2024 Dynavox Group AB (publ)
Slide 9: Q2 2024 highlights
Q2 2024 highlights • Strong top-line growth, revenue +25% • Continued strong momentum across the board in all product categories and geographies • EBIT increased by 82% • A health economic study confirmed assistive communication doubles quality of life and investment pays back three times over • On
Slide 10: Agreement to acquire Link Assistive in Australia and New Zealand
Agreement to acquire Link Assistive in Australia and New Zeeland • Link Assistive is the leading supplier of communication aid solutions and services to customers in Australia and New Zealand. • Dynavox Group’s solutions comprise the majority of Link Assistive’s revenues, the companies have a long-s
Slide 11: Study confirms assistive communication doubles quality of life
Study confirms assistive communication doubles quality of life • A health economic study we commissioned was published in May by the Swedish research firm Augur • It clearly confirms that assistive communication has a major positive impact on people with disabilities and their families. • Quality of
Slide 12: Financials
Financials 2024-07-18 12 © 2024 Dynavox Group AB (publ)
Slide 13: Q2 2024 Revenue & Gross Margin
Revenue (SEK million) and Gross Margin 69% 69% 473 476 68% 68% 68% 428 68% 67% 67% 67% 67% 67% 65% 66% 424 63% 64% 64% 64% 64% Q2 2024 320 362 335 381 Revenue & Gross Margin 288 • Revenue was 476 SEKm (381), +25% 241 233 255 245 246 217 204 207 • Currency adjusted revenue growth was +24% 165 • Stron
Slide 14: Q2 2024 EBIT
EBIT (SEK million) and EBIT Margin 60 56 60% 53 50 48 50% 42 40 37 40% 34 32 Q2 2024 EBIT 30 29 28 28 25 25 21 29 30% 20 17 20% • EBIT was 53 SEKm (29) (25)(25) 15% 15% 16% 13 16 13% 14% 14% 11% 12% 11% 10 10% • EBIT margin was 11.0% (7.6) 7% 6% 8% 7% 6% 8% 8% 5% 0 0% • Opex increased with 11% organ
Slide 15: Cashflow after continuous investments and cash position
Cashflow after continuous investments and cash position (SEK million) 200 100 Balance sheet 63 49 46 50 48 180 41 35 42 26 30 50 17 10 Cashflow after continuous investmetns and Cashflow 160 140 -11 3 -28 - 30 -9 0 • Cash flow after continuous investments +42 120 -50 Cash position SEKm for the quarte
Slide 16: Summary of quarter and outlook
Summary of quarter and outlook • Another quarter of strong revenue growth • Profitability continues to strengthen sequentially, earnings per share more than doubled • Investing in systems and tools to cater for future growth and increased scalability. 2024-07-18 16 © 2024 Dynavox Group AB (publ)
Slide 17: Updated financial targets
Updated financial targets Time horizon 3-4 years 20% > 15% > 40% Growth Profitability Dividend Policy On average, grow revenue by To deliver an EBIT margin that Distribute at least 40% of 20% per year adjusted for reaches and exceeds 15% available net profits to currency effects, including sharehold
Slide 18: Q&A
Q&A 2024-07-18 18 © 2024 Dynavox Group AB (publ)
Slide 19: Thank you!
Thank you! 2024-07-18 19 © 2024 Dynavox Group AB (publ)