Mobotix Ag · XETR:MBQ
Mobotix — Shareholder Meeting (October 2008)
37 slides from Mobotix's shareholder meeting presentation, Oct 6, 2008
Slide 1: General Meeting of the Shareholders
MOBOTIX AG System S t provider id off digital, network-based, high-resolution video security systems General Meeting of the Shareholders 06 Oct 2008 Dr. Ralf Hinkel (CEO) - Lutz Coelen (CFO) – Horst Pfiffi (CTO) 06 Oct 2008 (c) MOBOTIX AG 1
Slide 2: Agenda
11. Highlights Hi hli ht 2. Financial Data 3 Business Model 3. 4. Recent Product Highlights 06 Oct 2008 (c) MOBOTIX AG 2
Slide 3: General Highlights BY 2007/2008
Highlights General Highlights BY 2007/2008 Date Event July 2007: Launch of D22 FixedDome Camera product line October 2007: Successful IPO on Entry Standard segment of the Frankfurt Stock Exchange November 2007: Launch of CamIO – an input/output module to supplement the MOBOTIX camera systems Decembe
Slide 4: Business Highlights 2007/2008
Highlights Business Highlights 2007/2008 – End of BY as per June 30st 2008 Ö Strong company sales growth of the past years continues: Sales +50%. Ö High profitability with an increased EBIT-Margin of 19% - profitabilityy continuouslyy on high p g level. Ö New camera line Q22 successfully introduced
Slide 5: Share Performance
Highlights Share Performance 2,50 Mobotix TecDAX SDAX 2,25 2,00 1,75 1,50 1 25 1,25 1,00 0,75 0,50 Okt 07 Nov 07 Dez 07 Jan 08 Feb 08 Mrz 08 Apr 08 Mai 08 Jun 08 Jul 08 Aug 08 Sep 08 06 Oct 2008 Ö Solid Share Performance: +82% since IPO (as per 01 Oct 2008) Ö Share Performance relatively low influen
Slide 6: Agenda
11. Highlights Hi hli ht 2. Financial Data 4 Business Model 4. 5. Recent Product Highlights 06 Oct 2008 (c) MOBOTIX AG 6
Slide 7: Total Output
Financial Data Total Output Total Output FY 2007/08 2006/07 2005/06 Sales in TEUR 35.313 23.602 16.025 Delta in % 49 6% 49,6% Change in inventory 719 473 76 Delta in % 52,0% Own work 902 102 11 Delta in % 784,3% TOTAL OUTPUT 36.933 24.177 16.112 Delta in % 52,8% Note: IFRS Consolidated Statement 06
Slide 8: Sales by Region
Financial Data Sales by Region Sales by Region FY 2007/08 2006/07 2005/06 Sales Germany in TEUR 13.316 10.441 8.204 Delta in % 27,5% Sales Rest of Europe in TEUR 14.087 8.734 5.295 Delta in % 61 3% 61,3% Sales Rest of the World in TEUR 7.911 4.427 2.526 Delta in % 78,7% Note: IFRS Consolidated State
Slide 9: Sales by Product Type
Financial Data Sales by Product Type Sales by Product Type FY 2007/08 2006/07 Sales Fixed Cams in TEUR 21.966 16.375 Delta in % 34,1% Sales Dome Cams in TEUR 11.549 5.627 D lt iin % Delta 105 3% 105,3% Sales other 1.798 1.601 Delta in % 12,3% Note: IFRS Consolidated Statement 06 Oct 2008 Ö Dome Cam
Slide 10: EBITDA, EBIT, Profit
Financial Data EBITDA, EBIT, Profit EBITDA, EBIT, Profit FY 2007/08 2006/07 2005/06 EBITDA in TEUR 8.218 4.618 2.539 Delta in % 77,9% EBITDA margin (in % of total output) 22 3% 22,3% 19 1% 19,1% 15 8% 15,8% EBIT in TEUR 6.999 3.880 1.936 Delta in % 80,4% EBIT margin (in % of total output) 19,0% 16,0
Slide 11: Other Profit & Loss Ratios
Financial Data Other Oth Profit Other P fit & Loss L R ti Ratios FY 2007/08 2006/07 2005/06 Gross p profit margin g (in % of total output) p 71,1% 71,9% 71,3% Personell expense rel. to total output 27,8% 28,0% 29,2% Other expense rel. to total output 21,7% 25,3% 26,8% Note: IFRS Consolidated Stateme
Slide 12: Other Ratios
Financial data Other Ratios Other Ratios FY 2007/08 2006/07 2005/06 Equity ratio 60,0% 50,3% 49,1% Return on total capital 31,3% 35,5% 24,3% R t Return on equity it 36 6% 36,6% 41 0% 41,0% 27 3% 27,3% Return on capital employed (ROCE) 37,6% 45,5% 31,1% Cashflow margin 12,3% 10,9% 5,7% Cash per share
Slide 13: Earnings per Share
Financial Data Earnings per Share E i Earnings per share h FY 2007/08 2006/07 2005/06 g number of shares in mio. EUR Avg. 4.256 3.557 2.764 Earnings per share in EUR (fully diluted) 1,16 0,63 0,35 Delta in % 83,5% Note: IFRS Consolidated Statement 06 Oct 2008 (c) MOBOTIX AG 13
Slide 14: Cashflow Statement
Financial data Cashflow Statement Cashflow FY 2007/08 2006/07 2005/06 Cashflow from operating activities 4.338 2.582 916 Delta in % 68,0% Cashflow from investing activities -7.060 -3.212 -1.338 Delta in % 119,8% Cashflow from financing activities 11.844 757 200 Delta in % 1464,6% Change 9.123 128 -2
Slide 15: Development of the Past Three Years
Financial data Development of the Past Three Years – Highly Dynamic Key figures (IFRS) - Business Development 05/06 until 07/08 40 000 40.000 25 0% 25,0% 22,3% 35.000 20,0% 30.000 19,1% 25.000 15,0% 15,8% 20.000 15.000 10,0% 10.000 5,0% 5.000 0 0,0% FY 2005/06 FY 2006/07 FY 2007/08 Sales EBITDA EBIT
Slide 16: Outlook for Fiscal Year 2008/09
Financial data Outlook for Fiscal Year 2008/09 • The demand for security is increasing globally while higher image quality is needed for video surveillance Worldwide • Market for network cameras is set to expand by approx. 40% p. a. between 2006 and 2011 long-term • New applications and growing prac
Slide 17: Outlook for Fiscal Year 2008/09
Financial data Outlook for Fiscal Year 2008/09 Ö Regional business development Ö Sales growth in line with the market focus on Americas, Russia, Australia. expected: approx. 40% p.a. Ö Successful further market introduction Ö EBIT-Margin of 18% considered as of Q22. realistic. Ö Development focus on
Slide 18: Agenda
11. Highlights Hi hli ht 2. Financial Data 3 Business Model 3. 4. Recent Product Highlights 06 Oct 2008 (c) MOBOTIX AG 18
Slide 19: MOBOTIX Concept: Supplier of Digital Video Security Systems
Business model: MOBOTIX Concept (1) Supplier of Digital Video Security Systems 06 Oct 2008 Ö All components combined and coordinated from a single source! Ö Market is highly fragmented (c) MOBOTIX AG 19
Slide 20: Disadvantages of Standard CCTV Solutions
Business model: MOBOTIX Concept (2) Disadvantages of Standard CCTV Solutions Ö Defined by a 60-year-old standard Ö Centralized solutions offering „restricted" (TV signals via coax cable). computing capacity. PC cannot play many MPEG4 videos. Ö Format limits live image to 0.4 megapixels (576 lines).
Slide 21: Comparison of Image Resolutions
Business model: MOBOTIX Concept (3) Comparison of Image Resolutions 06 Oct 2008 (c) MOBOTIX AG 21
Slide 22: Megapixel Resolution
Business model: MOBOTIX Concept (4) 3 Megapixel Resolution 06 Oct 2008 Ö Less cameras needed / cost efficient solutions (c) MOBOTIX AG 22
Slide 23: Decentralized Logic
Business model: MOBOTIX Concept (5) Decentralized Logic 06 Oct 2008 Ö Unique system architecture compared to competition Ö Increasing resolution leads to stronger advantage of a decentralized solution (c) MOBOTIX AG 23
Slide 24: The Only Stand Alone Camera
Business model: MOBOTIX Concept (6) … Stand Alone Solution MOBOTIX: the only Stand Alone Camera 06 Oct 2008 Ö MOBOTIX Cameras require no PC or network during recording (c) MOBOTIX AG 24
Slide 25: Product Portfolio: From Camera
Business model: MOBOTIX Concept (7) Product Portfolio: From Camera … Ö HiRes 3 Mega offers 1.536 lines Ö Wide monitoring range up to 360° Ö Minimal network load due to PC in camera Ö Weatherproof to standard IP65 Ö Wide temperature range from -30° ... +60° C Ö No mechanical moving parts (no auto-iri
Slide 26: To Control Center Software
Business model: MOBOTIX Concept (8) … to Control Center Software, … Ö Integrated layout editor Ö Time-synchronized event tracking across all cameras Ö Full hybrid support (analog PTZs with recording) Ö Image post-processing (contrast, zoom, lens correction) 06 Oct 2008 (c) MOBOTIX AG 26
Slide 27: Standardised
Business model: MOBOTIX Concept (9) … Standardised… 06 Oct 2008 Ö „In-camera“ integration of a PC with a powerful software package for image processing p g and analysis y Ö Common platforms for different product lines / common components (c) MOBOTIX AG 27
Slide 28: Agenda
11. Highlights Hi hli ht 2. Financial Data 3 Business Model 3. 4. Recent Product Highlights 06 Oct 2008 (c) MOBOTIX AG 28
Slide 29: Q22 Hemispheric Camera
Recent Product Highlights Q22 Hemispheric Camera NEW: Hemispheric Camera Q22 360° Ö Virtual PTZ, continuous digital zooming and panning Ö Digital image correction by MOBOTIX software Ö Robust and maintenance-free, without mechanically moving parts Ö Event-controlled complete scene (360°) recording d
Slide 30: Q22 360° Panoramic View
Recent Product Highlights Q22 Hemispheric Camera 360° Panoramic View Ö MOBOTIX ultra-compact, weatherproof IP-dome camera is so inconspicuous that many do not recognize it to be a camera. camera Thanks to its 360 360° allround view view, the camera can monitor and record, event-driven, an entire roo
Slide 31: Q22 Virtual PTZ Function and Image Correction
Recent Product Highlights Q22 Hemispheric Camera Virtual PTZ Function and Image Correction Ö The Q22's secure version uses the virtual PTZ (pan/tilt/zoom) function developed by MOBOTIX It provides the users digital MOBOTIX. digital, continuous zooming and panning in the entire observed area - withou
Slide 32: The new Q22 panorama function
Recent Product Highlights The new Q22 panorama function 06 Oct 2008 (c) MOBOTIX AG 32
Slide 33: The new Q22 panorama focus
Recent Product Highlights The new Q22 panorama focus 06 Oct 2008 (c) MOBOTIX AG 33
Slide 34: Internal DVR Feature
Recent Product Highlights Internal DVR Feature NEW: Internal DVR feature, up to 16 GB Ö Camera directly records up to 16 GB internally on SD or Flash cards Ö Stores hundreds of thousands of images … Video and image sequences will not be lost in case of power outage Ö Camera is independent of externa
Slide 35: MxEasy
Recent Product Highlights MxEasy 06 Oct 2008 (c) MOBOTIX AG 35
Slide 36: Disclaimer
DISCLAIMER This presentation contains MOBOTIX AG statements and information which relate to future periods. Such future-oriented statements may be recognised from wording such as plan, expect, intend, endeavour, will, estimate, assume, aim at or similar such terms. Statements of this kind have been
Slide 37: MOBOTIX AG
MOBOTIX AG System S t provider id off digital, network-based, high-resolution video security systems General Meeting of the Shareholders 06 Oct 2008 Dr. Ralf Hinkel (CEO) - Lutz Coelen (CFO) – Horst Pfiffi (CTO) 06 Oct 2008 (c) MOBOTIX AG 37