Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q2 2020 Earnings Presentation
16 slides from Invisio Ab's earnings presentation, Aug 14, 2020
Slide 1: INVISIO Conference call August 14, 2020 Interim Report January - June 2020
INVISIO Conference call August 14, 2020 | Interim Report January - June 2020 CEO Lars Højgård Hansen
Slide 2: Agenda
Bild uppdatering Agenda • CEO Lars Højgård Hansen comments on Q2 and H1, 2020. • Q&A. • Financial performance in further detail. 2
Slide 3: Intensified focus on the law enforcement and security market
Intensified focus on the law enforcement and security market 3
Slide 4: Q2 2020 - stable development
Q2 2020 - stable development 2020 2019 2020 2019 2019 SEK in millions Q2 Q2 ∆% Jan-Jun Jan-Jun ∆% Full year Revenue 123.6 137.2 -10 240.4 204.1 18 513.8 Gross profit 79.9 87.2 -8 147.1 127.9 15 313.3 Gross margin, % 64.6 63.5 61.2 62.7 61.0 EBITDA 26.8 41.4 -35 43.6 45.3 -4 142.6 Operating profit/lo
Slide 5: Development in sales and EBIT
Development in sales and EBIT 5
Slide 6: Order intake and sales can fluctuate between quarters
Order intake and sales can fluctuate between quarters • Steady long-term growth despite quarterly fluctuations in both sales and order intake. • Sales CAGR 20.6 per cent for the period 2015-2019. 6
Slide 7: Intensified focus on the law enforcement and security market
Intensified focus on the law enforcement and security market • INVISIO has intensified its global market penetration targeting the law enforcement and security market. • Strengthened sales organization in the USA and Europe. • Market trends support INVISIO’s initiative. COMPANY CONFIDENTIAL 7
Slide 8: New orders for the Intercom system in Q2
New orders for the Intercom system in Q2 • Marketing of the Intercom system is going according to plan. • Several small orders received in Q2. • The Intercom system has good long-term prospects of contributing significantly to the company’s continued growth. 8 COMPANY CONFIDENTIAL
Slide 9: Initial orders from new markets
Initial orders from new markets • INVISIO is addressing selected countries in Asia, the Middle East, and South America - countries where the major radio suppliers operate. • The company has received initial orders from new markets in Asia, which may lead to larger orders in the long term. • Orders f
Slide 10: Information concerning possible effects of Covid-19
Information concerning possible effects of Covid-19 INVISIO is currently experiencing few negative effects of Covid-19 and the company’s assessment is that the effect on operations in the short term is limited, only minor delays in certain processes on the customer side. Delays in order intake and d
Slide 11: INVISIO is developing according to its established strategy
“INVISIO is developing according to its established strategy and will continue to invest in product and organizational development in 2020, both in R&D and sales. A strong base together with a clear strategy give us good conditions for continued growth.” 11
Slide 12: Questions and answers
Questions and answers INVISIO®,
Slide 13: Financial performance in further detail
Financial performance in further detail Q2 2020 13
Slide 14: Condensed consolidated income statement and statement of comprehensive income
Condensed consolidated income statement and consolidated statement of comprehensive income 2020 2019 2020 2019 2019 SEK in millions Note Q2 Q2 Jan-Jun Jan-Jun Full year Revenue 2 123.6 137.2 240.4 204.1 513.8 Cost of goods sold -43.7 -50.1 -93.3 -76.2 -200.5 Gross profit 79.9 87.2 147.1 127.9 313.3
Slide 15: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position Assets Note 30/06/2020 30/06/2019 31/12/2019 Capitalized development costs 95.4 71.4 85.6 Equipment 2.9 3.8 3.1 Right-of-use assets, leases 4 24.2 27.1 25.3 Deposits for rent, long-term 2.3 1.9 2.3 Deferred tax assets 3 4.2 8.6 1.8 Inventories 1
Slide 16: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 2020 2019 2020 2019 2019 SEK in millions Q2 Q2 Jan-Jun Jan-Jun Full year Operating activities Profit/loss before tax 24.0 37.5 37.9 40.0 134.1 Adjustments for non-cash items 6.1 1.9 7.6 3.8 8.7 Income tax paid -0.5 -0.8 -1.1 -1.5 -2.8 Cash flow from oper