Enea AB · OMXSTO:ENEA

Enea AB — Q2 2015 Earnings Presentation

22 slides from Enea AB's earnings presentation, Jul 21, 2015

  1. Slide 1: Anders Lidbeck, President & CEO, July 21, 2015

    Anders Lidbeck, President & CEO July 21, 2015

  2. Slide 2: Agenda

    Agenda  Enea Intro  Enea Financials Q215  Way Forward & Outlook

  3. Slide 3: A Catalyst for the Connected Society

    A Catalyst for the Connected Society OPERATING HEAD REVENUE PROFIT 429 21.9 QUARTER KISTA, SWEDEN MSEK PERCENT NO. OF R&D OPEX INVESTMENT LISTED EMPLOYEES STOCKHOLM, 399 20.5 NASDAQ OMX PERCENT Numbers for 2014

  4. Slide 4: Our Business

    Our Business  Software Products for embedded applications in general and communication solutions in particular  Real-time operating systems  Training  Linux operating system (open source)  Related to our own products  Middleware (what’s between the operating system and the application)  Relat

  5. Slide 5: Leading Customers

    Leading Customers Ze 2 a NOKIA ERICSSON BOEING: VOLVO @ wororora Honeywell oO A) Flectralux FUJITSU Alcatel-Lucent @ HUGHES. @ YAMAHA

  6. Slide 6: A Catalyst for the Connected Society

    A Catalyst for the Connected Society More than 3 billion people rely on Enea software every day, to connect a call or use their mobile phone to get online  More than 75% of the LTE population coverage is through infrastructure powered by Enea OS Solutions (2012).  Enea OS Solutions run in more tha

  7. Slide 7: Financials Q215

    ENEA Financials Q215

  8. Slide 8: Record Q2 EBIT & Operating Margin

    Record Q2 EBIT & Operating Margin Q215 Q214 EBIT (MSEK) 26.5 22.7 Operating margin (%) 22.1 21.9 Earnings per share (SEK) 1.30 1.09 FY14 EBIT (MSEK): 93.8 Operating margin (%) 21.9 Earnings per share (SEK) 4.58  17 % EBIT y-o-y growth  19 % EPS y-o-y growth  Best Q2 Operating Profit and Operating

  9. Slide 9: Record Q2 Revenues

    Record Q2 Revenues Q215 Q214 Revenue (MSEK) 120.2 104.0 Revenue growth (%) 16 -2 Revenue growth (%) (currency adjusted) 8 -2 FY14 Revenue (MSEK): 429.3 Revenue growth (%) 5 Revenue growth (%) (currency adjusted) 3  4th consecutive quarter of y-o-y revenue growth  3rd consecutive quarter of double

  10. Slide 10: Growth in Key Accounts & Worldwide Sales

    Growth in Key Accounts & Worldwide Sales  Revenues from both Key Accounts and Worldwide Software Sales increased, compared with the same quarter last year.  Sales of licenses including support and maintenance increased during the quarter, with strong growth in Product Services.  Global Services s

  11. Slide 11: Revenue Split per Region

    Revenue Split per Region  Europe European sales increased during the quarter compared with the same quarter last year.  Americas During the quarter, total sales in America increased, compared with the previous year.  Asia In Asia, sales increased strongly during the quarter compared with the same

  12. Slide 12: Revenue Split per Product

    Revenue Split per Product  Growth in Operating systems including tools  Growth in Middleware  Growth in Global Services

  13. Slide 13: Double Digit Growth in Global Services

    Double Digit Growth in Global Services  Revenues grew particularly strongly in Europe  Revenues growth in the US but mainly due to the significantly strengthened US dollar.  In total +20% y-o-y revenue growth, single digit when adjusted for currency effects Global Services showed double-digit rev

  14. Slide 14: Strong Financial Position

    Strong Financial Position  Q215 cash flow from operations 54.7 (36.8) MSEK  Cash, cash equivalents and financial investments at the end of the quarter were 187.6 (172.2) MSEK  Enea has no debt and unused credits of 15 MSEK  The equity ratio was 74.2% (77.7%)  June 9, 3.60 (3.00) SEK per share w

  15. Slide 15: Way Forward & Outlook

    ENEA & Way Forward & Outlook

  16. Slide 16: Significant Investment in R&D

    Significant Investment in R&D We continue to invest heavily in R&D – Q215 19.6%  We focus on the communication systems and expertise – and the ARM ecosystem  Networks are being reshaped – today people are talking about virtualization of network functions (NFV) or entire networks (SDN). It is all p

  17. Slide 17: Enea's Engagement in Open Source

    Enea’s Engagement in Open Source

  18. Slide 18: The Evolved Operating System

    The Evolved Operating System  System software of tomorrow involves more than RTOS and Linux alone  Virtualization of both compute infrastructure as well as the network itself  Applications and network functions as software components rather than physical boxes  ETSI coined the term ”Network Func

  19. Slide 19: COSNOS

    COSNOS Carrier-grade Open Source Network Operating System  Enea demonstrated a first implementation of the OPNFV architecture running on ARM hardware at the NFV World Congress in San José  Announced by Enea and ARM in collaboration  Well received and noticed by industry and media  Enea Linux is

  20. Slide 20: Long Term Ambition

    Long Term Ambition  Enea’s ambition during five years, starting 2012, is to create a global software company with a large proportion of recurring revenues.  Enea will be focusing on organic growth, but both strategic and supplementary acquisitions will be evaluated regularly.  Our objective durin

  21. Slide 21: Market Outlook

    Market Outlook  Outlook 2015 Our objective full year 2015 is to achieve revenue growth and our assessment is that earnings per share will improve compared with 2014.

  22. Slide 22: Thank You!

    Thank You! For additional information on Enea, please contact: Anders Lidbeck , President & CEO anders.lidbeck@enea.com Håkan Rippe, CFO hakan.rippe@enea.com Sofie Sarhed, Investor Relations sofie.sarhed@enea.com Phone: +46 8 507 140 00

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