SSH Communications Security Oyj · OMXHEX:SSH1V

SSH Communications Security Oyj — Ssh.Com — Q1 2021 Earnings Presentation

8 slides from SSH Communications Security Oyj's earnings presentation, Apr 27, 2021

  1. Slide 1: Q1 2021 Results

    SSH.COM Q1 2021 Results Teemu Tunkelo, CEO Niklas Nordström, CFO April 27, 2021 © 2021 SSH.COM. All rights reserved.

  2. Slide 2: Q1/21: Sales declined, cash flow from operations positive

    Q1/21: Sales declined, cash flow from operations positive Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Net Sales: decrease of 15% vs Q1/20 Net Sales M€ 3.1 2.6 2.6 3.0 2.6 EBITDA: -0.9M€, down -0.8M€ vs Q1/20 EBITDA M€ -0.1 0.2 0.2 -0.8 -0.9 % -1.8 7.3 8.8 -25.5 -33.9 Operating Loss: -1.4M€, down -0.8M€ vs Q1/20 O

  3. Slide 3: Balance Sheet and Cash Position Remain Strong

    Balance Sheet and Cash Position Remain Strong 2018 2019 2020 Q1 2021 YTD - Stable cash position Balance Sheet M€ 24.2 23.8 18.6 15.7 - Slightly positive cash flow from operations Cash and Equivalents M€ 13.5 12.0 8.5 7.5 - Balance sheet enables us to focus on execution Cash Flow from Operations M€ 1

  4. Slide 4: Q1 2021 Highlights

    Q1 2021 Highlights During the first quarter we With the exception of the APAC region, we saw business continued aligning our conditions and performance starting to normalize during the organization towards our quarter as expected. new strategy and operating • Some sales growth in both EMEA and AMER

  5. Slide 5: Subscription Sales

    Subscription Sales All of our products are • PrivX subscription sales grew by 174% compared to Q1/2020 now available on a • Subscription sales grew 49% compared to Q1 2020 – overall subscription basis subscription growth was brought down from good PrivX growth numbers due to ending of fixed term UKM

  6. Slide 6: The Deltagon Acquisition

    The Deltagon Acquisition Deltagon acquisition has • As announced on April 26, 2021, Kyberleijona Oy has received all required now been completed regulatory approvals, and other closing conditions of the transaction have been fulfilled and the transaction has been completed. • SSH will consolidate De

  7. Slide 7: Looking forward

    Looking forward We started making focused We estimate that our growth investments will start to show in investments in sales and increasing revenue growth towards the end of the second marketing, R&D, and quarter, and we expect the second half of the year to be strong. professional services during T

  8. Slide 8: Thank you!

    Thank you! © 2019 SSH.COM. All rights reserved. 8

Ssh.Com — Q1 2021 Earnings Presentation on 6ix