Otello Corporation Asa · OSL:OTEC

Otello Corporation Asa — Opera Software — Q3 2004 Earnings Presentation

21 slides from Otello Corporation Asa's earnings presentation, Nov 12, 2004

  1. Slide 1: 3Q04 Results

    Opera - Simply The Best Internet Experience 3Q04 Results November 12, 2004

  2. Slide 2: Status per third quarter 2004

    Opera - Simply The Best Internet Experience Status per third quarter 2004  Accumulated ordinary income for the year was MNOK 69.5, up from MNOK 49.7. The turnover increased by 40% on a year-to-year basis  Accumulated revenue from Internet devices for the year was MNOK 45.8, compared to MNOK 31.6 i

  3. Slide 3: Financial Highlights – 3Q04

    Opera - Simply The Best Internet Experience Financial Highlights – 3Q04 PROFIT AND LOSS ACCOUNT Third Quarter Accumulated Full year (Figures in TNOK) 2003 2004 2003 2004 2003 Revenues, PC/Desktop 8 668 9 446 18 102 23 682 23 307 Revenues, Internet Devices 9 373 15 121 31 627 45 808 55 224 Other inco

  4. Slide 4: Financial Highlights, Cont'd

    Opera - Simply The Best Internet Experience Financial Highlights, Cont’d BALANCE SHEET 30. September 31-Dec (Figures in TNOK) 2003 2004 2003 Assets Deferred taxes 22 651 1 091 21 348 Goodwill 3 536 1 964 3 143 Tangible assets 1 641 1 993 1 483 Other current assets 18 922 31 062 37 412 Cash and cash

  5. Slide 5: 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 3Q04 -30 -5 -40 -50 -10 Operating income EBIT Operating expenses Operating income E

  6. Slide 6: Strong growth in number of phones sold to end users

    Opera - Simply The Best Internet Experience Strong growth in number of phones sold to end users Per year Per quarter 3 500 000 2 000 000 3 000 000 1 750 000 1 500 000 2 500 000 1 250 000 2 000 000 1 000 000 1 500 000 750 000 1 000 000 500 000 500 000 250 000 0 0 2000 2001 2002 2003 1H04 1Q03 2Q03 3Q

  7. Slide 7: New devices continuously announced

    Opera - Simply The Best Internet Experience New devices continuously announced Nok ia 7710 Cas io W21CA Nok ia 6620* Nok ia 9300 M otorola A780 Sony Erics son P910 M otorola A1000 Sendo X Nok ia 7610 Nok ia 9500 Nok ia 6600 BenQ P30 Sony Erics son P900 M otorola A920 Nok ia 7700 Sharp Zaurus Kyoce r

  8. Slide 8: Phone estimates

    Opera - Simply The Best Internet Experience Phone estimates Global handsets sold by technology 04-07 Global handsets sold by technology – 2005E 550 6% 500 7% 450 400 350 GSM 300 250 23 % CDMA 200 150 WCDMA 100 50 64 % Others 0 2004 2005 2006 2007 GSM CDMA WCDMA Others Embedded camera handset estimat

  9. Slide 9: Financial outlook

    Opera - Simply The Best Internet Experience Financial outlook  Royalty income to grow in importance during 2005  Timing of roll-out is vital  Desktop revenue will continue grow driven by income from ads and searches  Growth rate above 30% expected to continue  Limited growth opportunities in R&

  10. Slide 10: Achievements in Q3 - 2004

    Opera - Simply The Best Internet Experience Opera – Achievements in Q3 - 2004 Opera announced that the Opera smartphone browser will become available for Technical Microsoft Windows Mobile software Opera unveiled a new edition of its screen rendering technologies, this time tailored for the televisi

  11. Slide 11: Opera's key strengths – Been around since day one

    Opera - Simply The Best Internet Experience Opera’s key strengths – Been around since day one  Opera has more than 125 engineers  Some with more than more than 10 years of browser experience  Opera have spent more than 600 000 development hours to get were we are today  Opera have spent millions

  12. Slide 12: Opera's key strengths – leading technology, cross platform

    Opera - Simply The Best Internet Experience Opera’s key strengths – leading technology, cross platform Windows Opera is the smallest full-featured browser Microsoft * ltron Smart phone  Download 3.4MB (11MB with Java)  Minimal browser is less than 1.3MB Platform Symbian Media uncompressed OS Indep

  13. Slide 13: Opera's key strength – leading rendering technologies

    Opera - Simply The Best Internet Experience Opera’s key strength – leading rendering technologies

  14. Slide 14: Opera's key strengths – supports many major OS/UIs

    Opera - Simply The Best Internet Experience Opera’s key strengths – supports many major OS/UIs Symbian S60 Symbian S80 Symbian S90 Itron Brew Platform Independent kernel Microsoft Linux Symbian UIQ

  15. Slide 15: Important value drivers – mobile phones

    Opera - Simply The Best Internet Experience Important value drivers – mobile phones Handset manufacturers adoption of a full WEB strategy to replace WAP  Mass market adoption of web browsers in mobile phones Which operating systems will dominate  Depends on the success of the different phone vendo

  16. Slide 16: Important value drivers – mobile phones

    Opera - Simply The Best Internet Experience Important value drivers – mobile phones Operators adoption of a platform strategy  Operators need to increase data revenue and the control of phone usage  Operator can increasingly control the phones by adopting a platform strategy  A platform strategy

  17. Slide 17: Opera offers two different products to the operators

    Opera - Simply The Best Internet Experience Opera offers two different products to the operators Opera platform Opera browser  Browser based Idle screen  Launched through application menu  Auto start-up  Quick start-up as Platform is all ready  Available through menu button running  Always in

  18. Slide 18: New operators continuously added to list of customers

    Opera - Simply The Best Internet Experience New operators continuously added to list of customers Commercial status  Orange, France Telecom R&D and Opera Software co-defining and co- developing next generation browser based, dynamic user experience  KDDI has chosen Opera as browser vendor for thei

  19. Slide 19: Home media – Market expected to accelerate in 2005

    Opera - Simply The Best Internet Experience Home media – Market expected to accelerate in 2005 The growth in consumer electronics  Product innovation driven by switch to digital transmission  Strong growth in electronic storage expected  Downloading of music and video will drive demand  Download

  20. Slide 20: Desktop – growth expected to continue

    Opera - Simply The Best Internet Experience Desktop – growth expected to continue Growth in downloads  New releases trigger growth 2 000 50 000 Accumulated Downloads (thousands)  Opera 7.60 expected launched end 04 Downloads per month (thousands) 1 800 1 600 40 000  Opera 8 expected to be launche

  21. Slide 21: Summary

    Opera - Simply The Best Internet Experience Summary  Opera has a leading technology and a great market opportunity  Growth rate confirmed  Royalty income to grow in importance during 2005  Timing of roll-out is vital  New devices continuously announced  Pipeline confirm market strong market gr

Opera Software — Q3 2004 Earnings Presentation on 6ix