Enea AB · OMXSTO:ENEA
Enea AB — Q1 2016 Earnings Presentation
24 slides from Enea AB's earnings presentation, Apr 26, 2016
Slide 1: Anders Lidbeck, President & CEO
Anders Lidbeck, President & CEO April 26, 2016
Slide 2: Agenda
Agenda Enea Intro Enea Financials Q116 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 NASDAQ 403 19 STOCKHOLM 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 g Ze NOKIA on meon wok tue: VOLVO @ mororora Honeywell (2) Electrolux FUJITSU @YAMAHA HUGHES,
Slide 7: Financials Q1 2016
ENEA Financials Q1 2016
Slide 8: Record Q1 EBIT & Operating Margin
Record Q1 EBIT & Operating Margin Q116 Q115 EBIT (MSEK) 26.9 23.3 Operating margin (%) 22.3 19.9 Earnings per share (SEK) 1.38 1.19 FY15 EBIT (MSEK) 110.0 Operating margin (%) 22.9 Earnings per share (SEK) 5.49 16 % EBIT y-o-y growth 16 % EPS y-o-y growth Highest Q1 Operating Profit and Operat
Slide 9: Record Q1 Revenues
Record Q1 Revenues Q116 Q115 Revenue (MSEK) 120.8 117.4 Revenue growth (%) 3 16 Revenue growth (%) (currency adjusted) 3 8 FY15 Revenue (MSEK) 481.5 Revenue growth (%) 12 Revenue growth (%) (currency adjusted) 5 Highest Q1 revenue since divestment of Nordic Consulting (2011) 7th consecutive quar
Slide 10: Double Digit Growth in WW Software Sales
Double Digit Growth in WW Software Sales Revenues from Key Accounts were stable while revenues from Worldwide Software Sales grew with 15% compared with Q115 mainly due to fast growth in Asia. Revenues from licenses, including support and maintenance were up slightly over the same quarter last y
Slide 11: Enea Press Release April 18
Enea Press Release April 18 “…has signed an agreement for development services worth 2.8 MUSD over a period of 5 months.” “Enea has a long record providing the customer with uniquely skilled services teams for avionics systems, software development, quality assurance and design.” “Enea’s local and g
Slide 12: Revenue Split per Region
Revenue Split per Region Europe European revenues growth compared with the same quarter last year. SW Sales increased compared with the same quarter last year. Americas Soft quarter in the Americas compared with the same period last year but with strong development of local US Services. Asia C
Slide 13: Revenue Split per Product & Segment
Revenue Split per Product & Segment
Slide 14: Strong Financial Position
Strong Financial Position Q116 cash flow from operations 38.8 (13.6) MSEK. 9 % growth in Q116 cash flow before change in working capital 27.9 (25.5) MSEK. Q116 Current receivables 164.0 (181.7) MSEK. Cash, cash equivalents and financial investments at the end of the quarter were 227.8 (222.5
Slide 15: Way Forward & Outlook
ENEA & Way Forward & Outlook
Slide 16: Significant Investment in R&D
Significant Investment in R&D 18% in R&D investment for Q1 2016 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
Slide 17: Our Strategy & Investment Areas
Our Strategy & Investment Areas Our software and expertise help you develop amazing functions in a connected society COSNOS – The Network OS Strategic Pillars We focus on the next We focus on open We focus on the ARM We broaden our view generation telecom/ solutions and strive ecosystem. to also con
Slide 18: Enea Press Release April 14
Enea Press Release April 14 “…today announced that they will demonstrate an integration of the latest OPNFV software release called “Brahmaputra” on ARM®-based hardware at NFV World Congress.” “Operators, Telecom Equipment Manufacturers, and suppliers of VNFs with a strategic choice to outsource the
Slide 19: Broadcom Press Release April 19
Broadcom Press Release April 19 “In addition, Broadcom and ecosystem partner ENEA will demonstrate an ARM-based vCPE platform.” “The collaborative demonstration will show an OPNFV-compliant multi-layer virtualization platform built on top of the BCM5871x SoC for deploying VNFs using OpenStack and VN
Slide 20: Tele2 Press Release March 23
Tele2 Press Release March 23 “Tele2 has decided to move its Network & IT functions into the cloud, using Network Function Virtualization (NFV) in order to enable a smarter, user-friendly, future-proof and even more cost efficient internal management.” The 5G standard will be ready by 2020 and in the
Slide 21: The Ecosystem is Key
The Ecosystem is Key Partners Community Memberships
Slide 22: 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 23: Market Outlook
Market Outlook Outlook 2016 Our objective the full year 2016 is to achieve revenue growth and our assessment is that earnings per share will improve compared with 2015.
Slide 24: 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 Julia Steffensen, Executive Assistant julia.steffensen@enea.com Phone: +46 8 507 140 00