Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q1 2020 Earnings Presentation
16 slides from Invisio Ab's earnings presentation, May 6, 2020
Slide 1: INVISIO Communications
INVISIO Communications Conference call May 6, 2020 | Interim Report January - March 2020 CEO Lars Højgård Hansen
Slide 2: Agenda
Bild uppdatering Agenda • CEO Lars Højgård Hansen comments on Q1, 2020. • Q&A. • Financial performance in further detail. 2
Slide 3: Good growth and first delivery of the Intercom system
Good growth and first delivery of the Intercom system 3
Slide 4: Q1 2020 - a strong start of the year
Q1 2020 - a strong start of the year 2020 2019 2019 SEK in millions Jan-Mar Jan-Mar ∆% Helår Revenue 116,8 66,8 75 513,8 Gross profit 67,2 40,7 65 313,3 Gross margin, % 57,5 60,9 61,0 EBITDA 16,8 3,9 326 142,6 Operating profit/loss 14,4 1,5 861 132,6 Operating margin, % 12,3 2,2 25,8 Profit/loss for
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 Order intake (MSEK) Sales R12M and actual Sales (MSEK) 300 600 200 250 500 200 400 150 Sales R12M Act Sales 150 300 100 100 200 50 50 100 0 0 0 Order intake Act Sales Sales R12M • Steady long-term growth despite quarterly fluctuations in both sal
Slide 7: Another SFAB order
Another SFAB order January 2020 INVISIO received another order for communication equipment from the U.S. Army’s Security Force Assistance Brigades (SFAB). • The order is valued at approximately SEK 36 million. • Deliveries are expected to take place in the second quarter of 2020. The SFAB are specia
Slide 8: First delivery and a new smaller order of the Intercom system
First delivery and a new smaller order of the Intercom system • A first delivery of the Intercom system was made to a defense force in Europe. The customer is one of the key customers who have participated in developing the solution. • Received a smaller order from a European special force customer.
Slide 9: 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, but that delays in order intake and deliveries of course cannot be ruled out if the epide
Slide 10: Strategy for 20 percent growth with an operating margin above 15 percent
Strategy for 20 percent growth with an operating margin above 15 percent 1 2 3 4 5 Increase market Broaden the Address new Expand to Sustainable share in existing product portfolio user groups new geo- and cost- markets through inno- graphies effective vation operations Apart from winning Continuall
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 development and organizational development in 2020, both in R&D and sales. The successes in 2019 together with a clear strategy give us good conditions for continued growth.” 11
Slide 12: Questions and answers
Bs | { yp = ) al is Sen | Questions and answers INVISIO®,
Slide 13: Financial performance in further detail
Financial performance in further detail Q1 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 2019 SEK in millions Note Jan-Mar Jan-Mar Full year Revenue 2 116,8 66,8 513,8 Cost of goods sold -49,6 -26,2 -200,5 Gross profit 67,2 40,7 313,3 Operating expenses* -52,8 -39,2 -180,7 Operating prof
Slide 15: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position SEK in millions Assets Note 2020-03-31 2019-03-31 2019-12-31 Capitalized development costs 96,2 63,0 85,6 Equipment 3,0 4,2 3,1 Right-of-use assets, leases 4 24,4 28,2 25,3 Deposits for rent, long-term 2,4 1,9 2,3 Deferred tax assets 3 1,7 15,1
Slide 16: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 2020 2019 2019 SEK in millions Jan-Mar Jan-Mar Full year Operating activities Profit/loss before tax 13,9 2,6 134,1 Adjustments for non-cash items 1,5 2,0 8,7 Income tax paid -0,6 -0,7 -2,8 Cash flow from operating activities before changes in working ca