Enea AB · OMXSTO:ENEA
Enea AB — Q4 2015 Earnings Presentation
21 slides from Enea AB's earnings presentation, Feb 11, 2016
Slide 1: Anders Lidbeck, President & CEO, February 11, 2016
Anders Lidbeck, President & CEO February 11, 2016
Slide 2: Agenda
Agenda Enea Intro Enea Financials Q415 & FY15 Way Forward & Outlook
Slide 3: A Catalyst for the Connected Society
A Catalyst for the Connected Society OPERATING HEAD REVENUE MARGIN 481.5 22.9 QUARTER KISTA, SWEDEN MSEK PERCENT NO. OF R&D OPEX INVESTMENT LISTED EMPLOYEES STOCKHOLM, 403 19 NASDAQ OMX PERCENT Numbers for 2015
Slide 4: Our Business
Our Business Software Products for embedded applications Maintenance, Support, and Product Services focused on communication solutions Related to our own product portfolio Operating Systems For Open Source based solutions Network Operating Systems for NFV For integrated solutions incl.
Slide 5: A Catalyst for the Connected Society
A Catalyst for the Connected Society Our Vision Our software and expertise help you develop amazing functions in a 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
Slide 6: Leading Customers
Leading Customers Ze 2 a NOKIA ERICSSON BOEING: VOLVO @ wororora Honeywell oO A) Flectralux FUJITSU Alcatel-Lucent @ HUGHES. @ YAMAHA
Slide 7: Financials Q415 & FY15
ENEA & Financials Q415 & FY15
Slide 8: Record Q4 EBIT & Operating Margin
Record Q4 EBIT & Operating Margin Q415 Q414 EBIT (MSEK) 32.3 29.2 Operating margin (%) 25.6 24.5 Earnings per share (SEK) 1.72 1.46 FY15 FY14 EBIT (MSEK) 110.0 93.8 Operating margin (%) 22.9 21.9 Earnings per share (SEK) 5.49 4.58 11 % EBIT y-o-y growth 18 % EPS y-o-y growth Highest Q4 Operati
Slide 9: Record Q4 Revenues & Double Digit FY Growth
Record Q4 Revenues & Double Digit FY Growth Q415 Q414 Revenue (MSEK) 126.2 119.3 Revenue growth (%) 6 12 Revenue growth (%) (currency adjusted) 1 8 FY15 FY14 Revenue (MSEK) 481.5 429.3 Revenue growth (%) 12 5 Revenue growth (%) (currency adjusted) 5 3 Highest Q4 revenue since divestment of Nordic
Slide 10: Growth in Worldwide Software Sales & Global Services
Growth in Worldwide Software Sales & Global Services Growth in revenues from Worldwide Software Sales and Key Accounts over the same quarter last year. Global Services showed double-digit growth for the 7th consecutive quarter. Growth in revenues from licenses, including support and maintenanc
Slide 11: Revenue Split per Region
Revenue Split per Region Europe European revenues flat over with the same quarter last year with growth FY15 over FY14. SW Sales declined compared with the same quarter last year mainly due to three big one-time deals that were closed in Q414. Underlying business is stable but pipeline is soft. GS
Slide 12: Revenue Split per Segment & Product
Revenue Split per Segment & Product FY15 growth in all Product Groups (but other)
Slide 13: Double Digit Growth in Global Services
Double Digit Growth in Global Services Revenues grew particularly strong in Europe. Revenues also grew in the US but mainly due to the significantly strengthened US dollar. 11% y-o-y revenue growth Global Services showed double-digit revenue growth for the 7th consecutive quarter
Slide 14: Strong Financial Position
Strong Financial Position Q415 cash flow from operations 18.8 (38.5) MSEK. 11% growth in Q415 cash flow before change in working capital 39.0 (35.0) MSEK. Q415 Current receivables 196.2 (150.6) MSEK. Cash, cash equivalents and financial investments at the end of the quarter were 203.5 (215.3
Slide 15: Way Forward & Outlook
ENEA & Way Forward & Outlook
Slide 16: Significant Investment in R&D
Significant Investment in R&D 19% in R&D investment for FY15 We focus on communication systems and expertise Telecom and networking are the bases of our portfolio and customer base. We embrace new open source solutions and initiatives We also strive to integrate our existing portfolio in a an op
Slide 17: Evolving our portfolio…
Evolving our portfolio… Enea embraces Creating completely new open source projects and offerings the open source Creating Dec 3: “Industry leaders Enea, Nokia and ARM in collaboration trend… project to deliver fast internet protocol communication in virtualized networks…” Evolving existing portfol
Slide 18: …with New Functionality & New Use-cases
…with New Functionality & New Use-cases Adding new functionality to our products New Nov 4: “Enea Extends On-Device Management Framework with NETCONF Support for Features NFV/SDN Deployments…” Adding new offerings to our portfolio New Nov 10: “Enea Launches World’s First OPNFV Pharos Lab for ARM
Slide 19: Long Term Ambition
Long Term Ambition The ambition over a period of three years commencing 2016 is to continue to develop a global software company with higher revenues, sustainable high profitability and good cash flows. The company will focus on organic growth, but both strategic and complementary acquisitions will
Slide 20: Market Outlook
Market Outlook Target Compliance for 2015 In 2015 Enea increased revenues while also achieving an operating margin of 22.9 percent for the full year. In 2015, Enea also achieved its objective of improved earnings per share. Outlook 2016 Our objective the full year 2016 is to achieve revenue grow
Slide 21: 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 Dåversjö, Investor Relations sofie.daversjo@enea.com Phone: +46 8 507 140 00