Kitron Asa · OSL:KIT

Kitron Asa — Q1 2007 Earnings Presentation

25 slides from Kitron Asa's earnings presentation, May 8, 2007

  1. Slide 1: Interim results presentation Q1 2007

    Interim results presentation Q1 2007 8 May 2007 Jørgen Bredesen, CEO Erling Svela, CFO

  2. Slide 2: Continued growth

    Continued growth www.kitron.com „ Robust revenue growth +12 per cent z MNOK 485.7 (MNOK 433.1) „ Continuing good profitability z EBT MNOK 15.7 (MNOK 16.1) „ Good order intake z MNOK 461 (MNOK 478) equals -3.6 per cent z The order backlog corresponds to 6 months’ revenue „ Cash flow from operational

  3. Slide 3: EBT and revenue

    EBT and revenue www.kitron.com 20 500 15 450 10 400 5 NOK mill per Q NOK mill per Q - 350 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 (5) 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 300 (10) 250 (15) 200 (20) (25) 150 EBT Revenue (moving average) 3 - one step ahead

  4. Slide 4: Financial statements Q1 2007

    Financial statements Q1 2007

  5. Slide 5: Strengthened operating profit

    Strengthened operating profit www.kitron.com „ Revenue MNOK 485.7 (MNOK 433.1) „ Reduced gross margin 37.7 per cent (39.8 per cent) z Competitive considerations, mainly in Microelectronics z Product mix variations cause varying gross margin from quarter to quarter „ EBITDA MNOK 28.9 (MNOK 27.1) „ EB

  6. Slide 6: Profit and loss statement Q1 2007

    Profit and loss statement Q1 2007 www.kitron.com 6 - one step ahead

  7. Slide 7: Higher level of activity influences balance

    Higher level of activity influences balance www.kitron.com „ Equity MNOK 199.0 (MNOK 160.5) z Equity ratio 21.9 per cent (24.8 per cent) „ Total balance MNOK 907.7 (MNOK 647.2) z Reflects higher activity and new factoring arrangement „ Inventory MNOK 298.9 (MNOK 255.8) z Reflects higher activity „ T

  8. Slide 8: Balance sheet

    Balance sheet www.kitron.com 8 - one step ahead

  9. Slide 9: Cash flow

    Cash flow www.kitron.com 9 - one step ahead

  10. Slide 10: Equity

    Equity www.kitron.com 10 - one step ahead

  11. Slide 11: Market development

    Market development

  12. Slide 12: Continued strong market

    Continued strong market www.kitron.com „ Increased volumes primarily from current customers „ Increased interest for development and high level assembly „ High grade of skill and certified quality „ Competitiveness through local production and flexibility 12 - one step ahead

  13. Slide 13: Employees by country

    www.kitron.com Country 31.03.2007 31.03.2006 Norway 664 602 Sweden 242 212 Lithuania (externally) 28 12 Total 934 826 13 - one step ahead

  14. Slide 14: Order backlog per segment

    Order backlog per segment www.kitron.com 14 - one step ahead

  15. Slide 15: Defence/Marine

    Defence/Marine www.kitron.com „ Revenue at higher level than in 2006 „ Expected growth in coming years „ Well positioned for important offset contracts 15 - one step ahead

  16. Slide 16: Medical Equipment

    Medical Equipment www.kitron.com „ High activity in the market „ Positive development in Sweden „ The assembly line in Horten will move from prototype to operational stage by the end of 2007 16 - one step ahead

  17. Slide 17: Data/Telecom

    Data/Telecom www.kitron.com „ Positive revenue development compared to last year „ Ability to execute quick and precise deliveries „ High activity in Microelectronics 17 - one step ahead

  18. Slide 18: Industry

    Industry www.kitron.com „ Continued growth „ Increased volume from existing products „ Several new products launched 18 - one step ahead

  19. Slide 19: Recognised delivery: OCAS

    Recognised delivery: OCAS www.kitron.com „ Elected ”Engineering achievement of the year 2006” by Teknisk Ukeblad (”Technical Weekly”) 19 - one step ahead

  20. Slide 20: Development, industrialisation and production

    Development, industrialisation and production www.kitron.com 20 - one step ahead

  21. Slide 21: Possible structural change in Sweden

    Possible structural change in Sweden www.kitron.com „ Negotiating transfer of production from Flen „ Customers have accepted transfer to other sites „ Simpler structure of sites leaves basis for increased productivity „ Preparing programme for transfer of competence 21 - one step ahead

  22. Slide 22: Proven potential in sourcing

    Proven potential in sourcing www.kitron.com „ Sourcing office in China under establishment z Licence in place z Three persons to start within May „ Nice potential for better terms and conditions „ Considering different logistical solutions as part of sourcing activities 22 - one step ahead

  23. Slide 23: Outlook

    Outlook

  24. Slide 24: Progress expected

    Progress expected www.kitron.com „ Market growth expected to continue for several years z Considering expansion of capacity „ The strive for improved margins and increased profitability continues „ The process in Sweden is expected to lead to profitability „ Great potential in improved sourcing acti

  25. Slide 25: Kitron - One step ahead

    Kitron - One step ahead

Kitron — Q1 2007 Earnings Presentation on 6ix