F-Secure Oyj · OMXHEX:FSECURE
F-Secure Oyj — Q1 2013 Earnings Presentation
14 slides from F-Secure Oyj's earnings presentation, Apr 26, 2013
Slide 1: F-Secure Corporation Interim report Q1 2013
F-Secure Corporation Interim report Q1 2013 (Unaudited) President & CEO Christian Fredrikson April 26, 2013 Protecting the irreplaceable | f-secure.com
Slide 2: Highlights in Q1
Highlights in Q1 • Improving profitability and cash flow • Revenues were flat being 38.4 million (Q12012: 38.4m). • EBIT 5.9 million, 15 % of revenues (Q112: 5.4m, 14%) • Cash flow from operations 7.4 m positive (7.7 m positive); change in cash 5.6m positive (3.1m positive) • Internet Security – new
Slide 3: Q1 Revenues
Q1 Revenues EURm • Revenues flat 45 • Total quarterly revenues 38.4 40 m (Q112: 38.4 m) 35 • Operator revenues 23.1 m; 30 growth of 2% (Q112: 22.6 m) 25 • Other channels 15.2 m; 20 decrease of 3% (Q112:15.8 m) 15 10 5 0 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Revenues EBIT 5
Slide 4: Profitability gradually improving
Profitability gradually improving 30% • Q1 profitability at good level • EBIT 5.9 m, 15% of revenues (Q112: 25% 5.4 m, 14%); growth of 9% 20% • Earnings per share EUR 0.03 (EUR 0.02) 15% 10% 5% 0% Q2'05 Q2'04 Q4'04 Q4'05 Q2'06 Q4´06 Q2'07 Q4'07 Q2'08 Q1'09 Q3'09 Q1'10 Q3'10 Q1'11 Q3'11 Q1'12 Q3'12 Q
Slide 5: Q1 Cash position remains solid
Q1 Cash position remains solid • Improving Cash flow EURm Steek acquisition 120 • from operations 7.4 m (Q112: 7.7m); Capital repayment • Change in cash 5.6m (Q112: 3.1m) 100 80 • Market value of liquid assets 60 38.7m (Q112: 31.2 m) • Dec 31, 2012 33.1m 40 • Mar.31, 2012 31.2m 20 • Dividend of EUR
Slide 6: Q1 Number of personnel
Q1 Number of personnel • At the end of March: 938 1200 (Q112: 975) 1000 • New productized Content Cloud solution developed 800 • Restructuring of R&D 600 operations and sites; improving speed for 400 product launches 200 0 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q1'13 Sales and M
Slide 7: Q1 Regional Revenue Split
Q1 Regional Revenue Split 1-3/2013 1-3/2012 Rest of World; Rest of 13% Nordic World; North 14% countries; America; North Nordic 29% 11% America; countries; 10% 31% Rest of Rest of Europe; Europe; 46% 45% 11 April 26, 2013
Slide 8: 4. Products and Services
4. Products and Services 4. Products and Services Protecting the irreplaceable | f-secure.com
Slide 9: F-Secure Safe Content Cloud
F-Secure Safe Content Cloud • significant player in the content cloud business • millions of users globally • several petabytes of data securely stored in our cloud Content Cloud • 5 data centers globally 18 April 26, 2013
Slide 10: Launches and awards in Q1
Launches and awards in Q1 • F-Secure Antibot • new product that will fight botnets by cleaning infected PCs and devices on operators’ networks. • disinfects devices that are infected on a network by guiding the users through a self- cleaning process, cutting out the need to call the operator helpdes
Slide 11: 6. Financial targets & Outlook
6. Financial targets & Outlook Protecting the irreplaceable | f-secure.com
Slide 12: Outlook for 2013 (2/2)
Outlook for 2013 (2/2) • The management’s estimation for the year remains unchanged; • The annual revenue growth is estimated to be over 5% compared to 2012. • The annual profitability is estimated to be over 15 % of revenues. The estimates are based on the sales pipeline at the time of publishing,
Slide 13: Thank You!
Thank You! Forward-looking statements: Certain statements in this presentation are forward-looking, and the actual outcome could be materially different. Such forward-looking statements are based on F-Secure’s present plans, estimates, assumptions, projections and expectations and are subject to ris
Slide 14: Protecting the irreplaceable
Protecting the irreplaceable F-Secure.