Slide 1: Opera Software ASA 2Q04 Results
Opera - Simply The Best Internet Experience Opera Software ASA 2Q04 Results August 12, 2004
Slide 2: Achievements in Q2 - 2004
Opera - Simply The Best Internet Experience Opera – Achievements in Q2 - 2004 New Opera browser for Series 60, Opera 6.20 Opera 7.50 for Windows, Mac, Linux, FreeBSD and Solaris released Technical Opera launched Mobile Accelerator, a new proxy-based solution that increases rendering speed on mobile
Slide 3: Financial Highlights – 2Q04
Opera - Simply The Best Internet Experience Financial Highlights – 2Q04 • Growth in ordinary income of 20% in Q2, accumulated growth of 41% • Positive earnings • Positive operational cashflow (ex. settlement) of MNOK 11.9 • Strong growth in number of units shipped • Cost developing as planned • Incr
Slide 4: Financial Highlights – 2Q04
Opera - Simply The Best Internet Experience Financial Highlights – 2Q04 PROFIT AND LOSS ACCOUNT Second Quarter Accumulated Full year (Figures in TNOK) 2003 2004 2003 2004 2003 Revenues, PC/Desktop 3 971 7 208 9 434 14 236 23 307 Revenues, Internet Devices 15 277 15 986 22 253 30 687 55 224 Other inc
Slide 5: Financial Highlights, Cont'd
Opera - Simply The Best Internet Experience Financial Highlights, Cont’d BALANCE SHEET 30. June 31-Dec (Figures in TNOK) 2003 2004 2003 Assets Deferred taxes 21 721 533 21 348 Goodwill 3 929 2 357 3 143 Tangible assets 1 337 1 960 1 483 Other current assets 21 504 36 494 37 412 Cash and cash equival
Slide 6: Growth trend confirmed
Opera - Simply The Best Internet Experience Growth trend confirmed Per year Per quarter* 80 30 70 25 60 50 20 40 30 15 20 10 10 0 5 -10 1995 1996 1997 1998 1999 2000 2001 2002 2003 -20 0 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 -30 -5 -40 -50 -10 Operating income EBIT Operating expenses Operating income EBIT O
Slide 7: New devices continuously announced
Opera - Simply The Best Internet Experience New devices continuously announced Motorola A780 Sony Ericsson P910 Motorola A1000 Nokia 7610 Nokia 9500 BenQ P30 Nokia 7700 Kyocera PS 900 Sendo X Nokia 6600 Sony Ericsson P900 Motorola A920 Sharp Zaurus Sony Ericsson P800 Sharp Zaurus Nokia 9210 Psion Re
Slide 8: Strong growth in number of phones/PDAs sold
Opera - Simply The Best Internet Experience Strong growth in number of phones/PDAs sold 2 250 000 2 000 000 1 750 000 1 500 000 1 250 000 1 000 000 750 000 500 000 250 000 0 2000 2001 2002 2003 1Q03 1Q04 * As Opera gets the sales number reported from its customers up to eight weeks after an actual q
Slide 9: Strong market growth expected by industry analysts
Opera - Simply The Best Internet Experience Strong market growth expected by industry analysts* Type of phone 2003 2004 2005 Type of phone 1Q04 2Q04 3Q04 4Q04 Market 488 595,3 637 Market 140 145 147 163 Feature phones 102 145,2 193,4 Feature phones 30 31 30 54 Smartphones 10,3 22,4 44,0 Smartphones
Slide 10: Mobile phones becomes more advanced – faster networks allows increased functionality
Opera - Simply The Best Internet Experience Mobile phones becomes more advanced – faster networks allows increased functionality Handsets sold globally Global handsets sold by technology – 2004E 700 12 % 600 3% 500 400 GSM 300 CDMA 200 22 % WCDMA 100 63 % Others 0 2002 2003 2004 2005 2006 2007 Globa
Slide 11: Financial outlook – 2004
Opera - Simply The Best Internet Experience Financial outlook – 2004 Market evolving as expected License income to grow in importance during 2004 – substantial growth from 2005 Driven by strong market demand, Opera will further expand the organisation during the coming quarters The costs are
Slide 12: Status on Key Strategic Initiatives
Opera - Simply The Best Internet Experience Status on Key Strategic Initiatives 1. Strengthen the Opera position among handset manufacturers by porting to new platforms 3. Key focus on the Opera Platform towards the Operators 5. Strengthen the Opera position in Asia 6. Strengthen the Opera position
Slide 13: Strengthen the Opera position among handset manufacturers by porting to new platforms
Opera - Simply The Best Internet Experience Strengthen the Opera position among handset manufacturers by porting to new platforms Opera´s has a strong position on Symbian Symbian • Direct dialog with all Symbian partners and licensees • Opera announced on devices from Nokia, Motorola, SE, BenQ and S
Slide 14: Opera Platform – approaching commercial phase
Opera - Simply The Best Internet Experience Opera Platform – approaching commercial phase Battery indicator Technical status SMS, Email, MMS Next appointment from calendar • Widening range of available target devices/OS’ Branding • Extending cross-platform re-use of components • Extending infrastruc
Slide 15: Asian position continuously strengthened
Opera - Simply The Best Internet Experience Asian position continuously strengthened Asia is important for Opera • Asia represents 38% of global mobile phone sales per year • Largest market growth • More mature with regard to data services Opera is established as a serious player in Asia • Opera lau
Slide 16: Opera for iTV / home media
Opera - Simply The Best Internet Experience Opera for iTV / home media Digital STB (operator/retail) • Strong growth in DTT retail distribution • High end boxes emerge IP STB • Telcos starts to invest in Videos Networked DVD players • Pure retail – triple growth • Free content be monetized requiring
Slide 17: Opera for vertical markets
Opera - Simply The Best Internet Experience Opera for vertical markets • Numerous applications controlled by PC’s have Windows as their OS • Few remain loyal to MS and are moving to Linux to save on hardware and licensing costs • Opera can be deployed across both the legacy MS platform and a new Lin
Slide 18: Increasing complexity in browser development
Opera - Simply The Best Internet Experience Increasing complexity in browser development Significant reduction in number of browsers from 1995 to 2004 1th generation: HTML • HTML is a simple language to learn 2nd generation: HTML + GIF/JPEG • Images made the web multimedia 3rd generation: HT
Slide 19: Level of complexity
Opera - Simply The Best Internet Experience Web standards complexity DOM CSS JavaScript Level of complexity HTML time
Slide 20: Level of complexity
Opera - Simply The Best Internet Experience Web standards complexity DOM CSS Opera 7 JavaScript HTML Level of complexity Opera 6 Opera 5 Opera 4 Opera 3 1996 1999 2001 2003 2005
Slide 21: Desktop browsers vs. mobile browsers
Opera - Simply The Best Internet Experience Desktop browsers vs. mobile browsers DOM CSS JavaScript Opera 7 HTML Level of complexity Opera 6 Desktop Opera 5 Opera 4 browsing Opera 3 CSS MP XHTML MP cHTML WML WAP 2.0 iMode Mobile WAP 1.x browsing 1996 1999 2001 2003 2005
Slide 22: Are they catching up?
Opera - Simply The Best Internet Experience Are they catching up? Mobile browsers Desktop browsers DOM CSS Opera 7 JavaScript HTML Opera Level of complexity Opera 6 Desktop Opera 5 Opera 4 browsing Opera 3 CSS MP XHTML MP cHTML WML WAP 2.0 iMode Mobile WAP 1.x browsing 1996 1999 2001 2003 2005
Slide 23: Dynamic browsers are the basis of the future
Opera - Simply The Best Internet Experience Dynamic browsers are the basis of the future Web Browsing Dynamic home Component in Online Services Screens other apps • DOM 2 DOM • DOM 1 • DHTML • JavaScript 1.5 Scripting • ECMAScript 3rd languages • ECMASctipt 2nd • CSS 1 Layout • CSS 2 languages • GIF
Slide 24: Opera is best positioned for future development
Opera - Simply The Best Internet Experience Opera is best positioned for future development Desktop Web browsers: Mozilla, Internet Explorer, Netscape Full Internet and mobile browsers: Opera Intermediate mobile browsers: Netfront, Pocket IE Regular mobile browsers: Openwave, Nokia Browser, Teleca W