Slide 1: Opera Software First quarter 2006
Opera - Simply The Best Internet Experience Opera Software First quarter 2006 The best Internet experience on any device
Slide 2: Highlights: 1Q 2006
Opera - Simply The Best Internet Experience Highlights: 1Q 2006 Financial Revenues increased 71% in Q1 06 to MNOK 47.8 mm compared to MNOK 28 in Q1 05 Excluding stock option costs, non-IFRS EBIT was MNOK 1.2 in Q1 06 compared to MNOK -4.4 in Q105 EBIT was MNOK -7.2 in Q1 06 after stock option costs,
Slide 3: Highlights: 1Q 2006
Opera - Simply The Best Internet Experience Highlights: 1Q 2006 Opera Devices Announced that Nintendo Wii, Nintendo’s next generation game console, will use the Opera browser Announced that Nintendo DS will use the Opera browser Signed first contract with a net TV provider Signed first contract with
Slide 4: Income statement: 1Q 2006
Opera - Simply The Best Internet Experience Income statement: 1Q 2006
Slide 5: Revenue summary: 1Q 2006 vs. 1Q 2005
Opera - Simply The Best Internet Experience Revenue summary: 1Q 2006 vs. 1Q 2005 Opera Mobile Higher license/royalty revenue driven by Opera’s OEM and operator customers Revenue Overview: 1Q06 vs. 1Q05 Strong industry growth in smartphone and high end feature phone segments 60,000 50,000 Opera Devic
Slide 6: Income statement: Historical viewpoint
Opera - Simply The Best Internet Experience Income statement: Historical viewpoint 60000 150 50000 125 100 40000 NOK ('000) 75 30000 50 20000 25 10000 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 0 -25 Q1 04 Q2 04 Q3 04 Q4 04 Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 -10000 -50 Total Revenues Non-IF
Slide 7: Stock option costs: An explanation of IFRS 2
Opera - Simply The Best Internet Experience Stock option costs: An explanation of IFRS 2 Two components: 1. Fair value of options on grant date Estimated based on the Black-Scholes option pricing model Fair value of the options is amortized over the life of the options 2. Payroll taxes, as calculate
Slide 8: Costs related to option program per quarter (NOK) FY2004-2005
Opera - Simply The Best Internet Experience Costs related to option program per quarter (NOK) FY2004-2005 5,000,000 4,500,000 4,000,000 3,561,085 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,233,052 1,303,899 1,000,000 798,000 444,485 500,000 238,804 33,476 -8,068 0 -500,000 Q1 Q2 Q3 Q4 2004
Slide 9: Stock option costs: FY 2006 estimates
Opera - Simply The Best Internet Experience Stock option costs: FY 2006 estimates* Q106: Breakdown of Option Cost at NOK 32.30 Q106: Breakdown of Option Cost at NOK 27.60 10,000,000 10,000,000 8,000,000 8,000,000 6,000,000 6,000,000 4,000,000 4,000,000 NOK 2,000,000 NOK 2,000,000 0 0 -2,000,000 -4,0
Slide 10: Balance sheet: 1Q 2006
Opera - Simply The Best Internet Experience Balance sheet: 1Q 2006 BALANCE SHEET (Figures in TNOK) 31.03. 2006 31.12. 2005 Assets Deferred taxes 3 203 1 237 Goodwill 3 143 3 143 Tangible assets 13 181 9 251 Other current assets 85 646 93 349 Cash and cash equivalents 442 531 218 526 Total assets 547
Slide 11: Financial outlook: FY 2006
Opera - Simply The Best Internet Experience Financial outlook: FY 2006 Revenue: Continued positive revenue outlook Mobile continues to be the major revenue driver Devices/Home Media is Opera’s fastest growing business unit Operating expenses (excluding stock option costs): Expected to grow at a some
Slide 12: Opera for Mobile
Opera - Simply The Best Internet Experience Opera for Mobile
Slide 13: Opera has solutions for the entire mobile value chain
Opera - Simply The Best Internet Experience Opera has solutions for the entire mobile value chain Opera Mobile browser Full Web browser for OEM integration Opera Platform Device independent platform for mobile Web applications Opera Mini Light weight Web browser Opera Platform Opera Mobile Browser O
Slide 14: Opera for Mobile: 1Q 2006 highlights
Opera - Simply The Best Internet Experience Opera for Mobile: 1Q 2006 highlights Mobile Phone Units Shipped with Opera Full browser 9,000,000 8,000,000 7,000,000 7.7 million phones pre-installed with Opera in 6,000,000 Q106 5,000,000 Units 4,000,000 up 126% from Q105 3,000,000 2,000,000 1,000,000 8
Slide 15: Announced mobile phones YTD: 14 (goal = 48 for 2006)
Opera - Simply The Best Internet Experience Announced mobile phones YTD: 14 (goal = 48 for 2006) Motorola A1200 Sharp W-ZERO3 Nokia 9300i *: Only in Cingular’s network Toshiba W32T **: Only in T-mobile’s network Sony Ericsson P990 Nokia 6630** Kyocera WX 300K Kyocera WX 310K Kyocera AH-K3002V Nokia
Slide 16: Opera for Mobile: 1Q 2006 highlights (cont'd)
Opera - Simply The Best Internet Experience Opera for Mobile: 1Q 2006 highlights (cont’d) Opera Mini Free version Opera Mini: Total Pages Downloaded More than 3 million users, up 140% from the last quarterly report (1.4 million) 600,000,000 500,000,000 Customized version 400,000,000 T-Mobile becomes
Slide 17: Opera - Simply The Best Internet Experience
Opera - Simply The Best Internet Experience
Slide 18: Value added content available from the browser home page
Opera - Simply The Best Internet Experience Value added content available from the browser home page T-Mobile’s selected search partner available from the browser home page TMO UK customized Opera Mobile Symbian S60 (Nokia 6630, Nokia 6680 and N70) ALL IN SAME PAGE! News, Shopping, Sport, etc. conte
Slide 19: CeBIT 2006 New Devices announced by T-Mobile International
Opera - Simply The Best Internet Experience CeBIT 2006 New Devices announced by T-Mobile International
Slide 20: T-Mobile underlines its commitment to bring web 'n' walk to the mass market
Opera - Simply The Best Internet Experience "T-Mobile underlines its commitment to bring web ‘n’ walk to the mass market by enabling an even broader device portfolio to surf the open internet via the Opera Mini browser.“ Ingo Schneider, Vice President Mobile Data, T-Mobile. Opera is currently deploy
Slide 21: Opera for Devices
Opera - Simply The Best Internet Experience Opera for Devices -1-
Slide 22: Opera for Devices: 1Q 2006 highlights
Opera - Simply The Best Internet Experience Opera for Devices: 1Q 2006 highlights Announced Opera for Nintendo Wii and DS game consoles Signed first contract with a net TV provider Signed first contract with a VoIP screen phone provider Announced partnership with the world’s leader in device softwar
Slide 23: Opera for Devices market position
Opera - Simply The Best Internet Experience Opera for Devices market position The premium provider of full internet/web applications and user interfaces for non-mobile phone devices Full web browsing and superior performance, rendering and navigation capabilities Execution platform for Web applicati
Slide 24: Opera browsers are already in a broad array of devices
Opera - Simply The Best Internet Experience Opera browsers are already in a broad array of devices and the device types continue to grow Web tablets Network TVs Game Consoles Portable Media Players IP Screen Phones Set-top Boxes
Slide 25: Nintendo Wii
Opera - Simply The Best Internet Experience Nintendo Wii Opera to be included in the revolutionary Wii game console "For our Wii console launch in 2006, we required a browser that was fast and secure with support for the latest standards including AJAX. Opera proved perfect for our purposes and is a
Slide 26: Nintendo changing the rules with Opera contributions
Opera - Simply The Best Internet Experience Nintendo changing the rules with Opera contributions New user interactions models - Wii controllers - DS dual screen and touch screen Integrating IP networking and the Web More to be announced in the future
Slide 27: Nintendo Wii: Other Interesting Factoids
Opera - Simply The Best Internet Experience Nintendo Wii: Other Interesting Factoids Launch expected Q4 2006 Comes on the heels of the very successful lanch of the Nintendo DS Has sold 16 million + units so far since being launched in November 2004 Key mission of Nintendo Wii is to broaden the marke
Slide 28: Opera for Desktop
Opera - Simply The Best Internet Experience Opera for Desktop
Slide 29: Opera Desktop
Opera - Simply The Best Internet Experience Opera Desktop Monthly downloads Continue to average 100,000 downloads/day since “going free” in September 2005 Opera 9 expected in launch in June Web-based Widgets, BitTorrent, Thumbnail previews in tabs, site preferences Expanded marketing push
Slide 30: Summary: Well positioned for continued growth in 2006
Opera - Simply The Best Internet Experience Summary: Well positioned for continued growth in 2006 Demand for Internet-connected mobile phones continues to rise at an attractive rate Opera Mini expected to accelerate growth of Web-enabled phones Attractive opportunities in the non-mobile phone connec