Invisio Ab · OMXSTO:IVSO
Invisio Ab — H1 2017 Earnings Presentation
19 slides from Invisio Ab's earnings presentation, July 2017
Slide 1: January–June 2017 Presentation
January–June 2017 Presentation Lars Højgård Hansen, CEO
Slide 2: Agenda
Agenda • CEO comments January–June 2017 • Q&A • Financial performance in further details 2
Slide 3: Growth initiatives for new products and sales offices
”There has been a high level of activity in INVISIO in the first half of the year with continued growth initiatives to extend the product portfolio, increase the number of employees in research and development and increase market presence. Since last year we have opened two new offices and increased
Slide 4: Key Ratios
Key Ratios The cost increases express our conviction that INVISIO can grow its sales considerably in the coming years. 4
Slide 5: First half year: Income increased to SEK 172 million (163)
First half year: Income increased to SEK 172 million (163) MSEK 350 300 250 Ongoing deliveries to 200 modernization programs contributed to sales. 150 100 50 0 2013 2014 2015 2016 Jan-Jun 2017 5
Slide 6: Sales per quarter and rolling 12 months
MSEK 40 20 0 100 80 60 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Sales Quarterly Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Sales Rolling 12 Months 0 Sales per quarter and rolling 12 months 50 100 150 200 250 400 300 350 6
Slide 7: Order backlog per quarter and rolling 12 months
Order backlog per quarter and rolling 12 months MSEK 200 160 120 Order backlog: 80 SEK 148,1 million 40 0 Q2 2013 Q1 2014 Q2 2014 Q1 2015 Q2 2015 Q2 2016 Q4 2013 Q4 2014 Q4 2015 Q1 2016 Q2 2017 Q4 2016 Q1 2017 Q3 2013 Q3 2014 Q3 2015 Q3 2016 Order Backlog Quarterly Order Backlog Rolling 12 Months 7
Slide 8: Operating profit January-June SEK 37.0 m
Operating profit January-June SEK 37.0 m MSEK 100 80 60 Operating margin: 21.5 % 40 20 0 -20 2013 2014 2015 2016 Jan-Jun 2017 8
Slide 9: Strategy for profitable growth
Strategy for profitable growth INVISIO's growth and financial position make continued investment in new markets and R&D projects possible. Increase market share Product development Existing markets in Europe, Both further developed and North America and Oceania. new products. Geographical expansion
Slide 10: Continued orders from major modernization programs
Continued orders from major modernization programs UK • Extended agreement with UK MOD with order of SEK 15 million. Increase of contract value to SEK 105 million. • SEK 30 million order from the THPS program. USA • SEK 25 million order from the TCAPS program. After the close of the period • Two-yea
Slide 11: Expansion through our own offices
Expansion through our own offices INVISIO continuously strengthens its position in markets where we see good growth opportunities. • Sales offices in the USA and France opened. • A sales team in the USA was employed, with the aim of increasing the customer base in above all defense, but also in poli
Slide 12: Innovative product development
Innovative product development • The aim is to meet more of our • Our intention is also to launch an entirely customers’ needs by broadening our new product category. product portfolio. • Development is taking place rapidly, • The INVISIO V50 control unit was focusing on hearing and communication. l
Slide 13: Growing niche market
Growing niche market Potential users Current target market Worldwide • The value of the global market for military: 50 million INVISIO's current products: about SEK 20 billion • Procurements at four-year intervals Active when modernizing communication military: 20 million equipment. • Average annual
Slide 14: Q&A
Q&A 14
Slide 15: Thank you!
Thank you! 15
Slide 16: Financial performance in further details
Financial performance in further details January–June 2017 16
Slide 17: Condensed consolidated income statement and consolidated statement of comprehensive income
Condensed consolidated income statement and consolidated statement of comprehensive income 17
Slide 18: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position 18
Slide 19: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 19