Maven Wireless Sweden Ab · OMXSTO:MAVEN
Maven Wireless Sweden Ab — Q3 2024 Earnings Presentation
25 slides from Maven Wireless Sweden Ab's earnings presentation, Oct 18, 2024
Slide 1: Maven Wireless Q3'24
PO MANEN Groundbreaking Maven Wireless Q3’24 solutions ireless coverage
Slide 2: Company Introduction
Company Introduction Road & Rail Tunnels Market leading RF and fiber technology Digital Wireless Indoor Coverage Maven, founded in 2016, has developed the latest digital repeater Fan-less, reliable and sustainable and DAS platform. Designed in Sweden - active worldwide. In-Building Coverage 73 paten
Slide 3: Maven Locations
Company introduction Maven Locations Stockholm Jönköping Pärnu London Prague HQ, R&D Paris Augsburg Los Angeles Atlanta Sales, engineering Dubai Hong Kong Delhi Singapore US HQ Brisbane Manufacturing Sydney 3
Slide 4: DAS Market 2023 - $10b
Europe: $2.7 B DAS Market 2023 - $10b UK 17% France 17% Germany 15% 2028: $13b (CAGR 6.2%) Maven TAM: 1/3 North America: $3.3 B APAC: $3.1 B US 40% China 28% Canada 21% Japan 14% Mexico 5% India 11% ROW: $0.8 B MEA 44% South America 23% 4
Slide 5: Market Overview
Market Overview Cellular Public Safety Leading innovator in Wireless coverage solutions • We offer end-to-end digital solutions with outstanding performance. Our products ensure wireless coverage for cellular and public safety services in buildings, tunnels, metros, stadiums, on trains and more. • W
Slide 6: Digital DAS & Repeaters
Digital DAS & Repeaters The latest in Digital RF Technology Orion Helix Compact Master unit Fiber Interface • Compact and powerful • High speed links • Combing and filtering in (8xSFP28) digital domain • ORAN eCPRI option Nimbus Low Power Remotes (FTTE) Cirrus • 23 dBm • 4 bands (4x 400 MHz) Off air
Slide 7: References
References In-Building, In-train and Tunnels
Slide 8: Reference projects: In-Building solutions
Reference projects In-Building solutions 8
Slide 9: Reference projects: In-Train & Tunnel solutions
Reference projects In-Train & Tunnel solutions 9
Slide 10: Nimbus 5G indoor coverage
Nimbus 5G indoor coverage
Slide 11: Nimbus – 5G Indoor Coverage
Nimbus – 5G Indoor Coverage The launch continues Technical specifics: Sequential buildout of coverage - better cashflow • 4 band fan-less low power remote unit with integrated antennas • Supports 4G and 5G No RF cables and components - use IT staff • Supports 4x400 MHz • Supports SISO and MIMO Incre
Slide 12: Ericsson mobility report
Ericsson mobility report From Ericsson mobility report June 2024 Y-O-Y growth 5G is needed to meet currently at +25% the market demand 12
Slide 13: Nimbus uniqueness
Nimbus uniqueness What others can’t do QPSK – 2 bit per symbol 65 QAM – 6 bit per symbol 64 1024 QAM – 10 bit per symbol 2 bits/Hz 2 bits/Hz 6 bits/Hz6 bits/Hz 10 bits/Hz10 bits/Hz • 4x4 MIMO for all Operators on the 5G c-band • Highest 5G modulation – ca 2x data rate on air • SFP28 fiber interface
Slide 14: Typical Nimbus Applications
Typical Nimbus Applications Office buildings Airports/Stations Casinos/Hotels Using LP remotes allows for a These high-capacity areas benefit from These high-capacity areas benefit from sequential buildout of coverage, per the high level of sectorization and high the high level of sectorization and
Slide 15: Financials
Financials
Slide 16: Group Q3 financials
Group Q3 financials Net sales (MSEK) and gross margin Orderbook and order intake (MSEK) 77.8 47% 44% 40% 41% 41% 65.4 36% Orderbook Order intake 34% 35% 35% 53.3 53.7 53.3 201 198 28% 29% 173 40.7 41.1 139 35.8 121 121 26.5 89 89 21.5 84 81 83 58 58 65 12.7 47 39 28 35 35 31 21 24 Q1 Q2 Q3 Q4 Q1 Q2
Slide 17: Group Q3 financials
Group Q3 financials Geographical revenue breakdown Q3’24 (%) EBITDA (MSEK) & EBITDA margin 16.2 24% 21% 19% 17% 12.8 12% 16% 15% 11.0 10.4 0% Nordic 9% 5% 5% -2% Europe 3.9 3.9 2.8 2.1 -8% APAC -0.4 -4.2 -2.8 72% MEAT -33% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 • Still large footprint in Eu
Slide 18: Q3'24 & Highlights
7 Q3'24 & Highlights
Slide 19: Maven In USA
Maven In USA Highlights • Tuning of sales organisation ongoing with increased focus on direct sales • Strong interest from large Neutral Host companies • MNO approval needed, discussions ongoing • Public Safety product type approval planned in Q4, to kick off business for blue light service 19
Slide 20: Maven In UK/Ireland
Maven In UK/Ireland Highlights • First cellular DAS project in the Silvertown tunnel, London. MNO’s now connected • UK is the largest market in Europe for DAS, valued at € 490 million 2024 • Maven Wireless Ltd UK registered June 7th • First cellular DAS project in Ireland with unique DAS solution fo
Slide 21: Maven on trains
Maven on trains Highlights • Maven wins new end-customer for TOR onboard train repeater, 17 MSEK ordered for 2025 already • Built and installed in Stadler factory • Low competition, only one relevant Commscope • More potential business also with other trainbuilders 21
Slide 22: Maven In Italy
Maven In Italy Highlights • Public Safety system delivered in September. • We are promoting cellular solutions to the same market, to connect the main MNO’s 22
Slide 23: Maven In France
Maven In France Highlights • Ongoing business with Public Safety products • First smaller cellular system delivered to local partner. Planned to go live during Q4 being our first reference project for further business 23
Slide 24: Maven In Australia
Maven In Australia Highlights • Established core Maven organization (sales / tech sales) • Installations of Public Safety products for mining completed with Radlink • Distribution agreement with Maser • Strategic cooperation with main MNO initiated 24
Slide 25: Stay connected!
Stay connected! Hope to hear from you. Social media @Mavenwireless Website mavenwireless.com Email info@mavenwireless.com
Maven Wireless Sweden — Q3 2024 Earnings Presentation on 6ix