Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q3 2021 Earnings Presentation
18 slides from Invisio Ab's earnings presentation, Oct 29, 2021
Slide 1: Investor Conference Call Interim Report January–September 2021
Protection at work, a better life at home COMPANY CONFIDENTIAL 1 Investor Conference Call October 29, 2021 Interim Report January – September 2021 CEO Lars Højgård Hansen
Slide 2: Good order intake of smaller orders – but continued delay in larger ones
COMPANY CONFIDENTIAL Good order intake of smaller orders 2 – but continued delay in larger ones
Slide 3: Financial result Q3, 2021
Financial result Q3, 2021 2021 2020 2021 2020 2020 SEK in millions Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% Full year Revenue 142.7 118.7 20 440.8 359.2 23 532.0 Gross profit 82.4 59.8 38 254.6 206.9 23 309.0 Gross margin, % 57.7 50.3 57.8 57.6 58.1 EBITDA 8.3 19.1 -56 57.4 62.7 -8 108.1 EBITDA margin, % 5.8 16.
Slide 4: Sales and order intake per quarter and rolling 12 months
Currency adjusted growth YTD of 27 per cent, based on small orders Sales per quarter and rolling 12 months Order intake per quarter and rolling 12 months (SEK million) (SEK million) COMPANY CONFIDENTIAL 4
Slide 5: The long-term development in EBITDA and EBIT margin
The long-term development in EBITDA and EBIT margin EBITDA per quarter (SEK million) and EBITDA EBIT per quarter (SEK million) and EBIT margin rolling 12 months (per cent) margin rolling 12 months (per cent) 80 30% 95 30% 25% 75 25% 60 20% 20% 55 40 15% 15% 35 10% 10% 20 15 5% 5% 0 0% -5 0% COMPANY
Slide 6: The structure of the operating expenses in Q3, 2021
The structure of the operating expenses in Q3, 2021 Operating expenses per quarter (SEK million) Acquisition related non-recurring cost 100 80 Kurvan ska bort Depreciation/amortization 60 40 Growth investment 20 0 Q3 2021 Q3 2020 Q3 2017 Q3 2018 Q3 2019 Q1 2021 Q1 2020 Q1 2018 Q1 2019 COMPANY CONFID
Slide 7: Depreciation/amortization in Q3 2021
Depreciation/amortization in Q3 2021 COMPANY CONFIDENTIAL *Other intangible assets consist of values allocated to intangible assets, such as customer relations, technology and trademarks, in connection with the acquisition of Racal Acoustics. 7
Slide 8: Developing INVISIO according to our long-term growth strategy
Developing INVISIO according to our long-term growth strategy Strengthen Software Strengthen Racal Broader the sales Defined the R&D Acoustics product organization Platform organization portfolio Team Future-proof Experts in AI, A global Intercom, T7, of more than development Software & market leade
Slide 9: AUSA in Washington DC and Milipol in Paris
COMPANY CONFIDENTIAL 9 AUSA i Washington DC and Milipol in Paris
Slide 10: Cooperation with several partners regarding the Intercom System
Cooperation with several partners regarding the Intercom System COMPANY CONFIDENTIAL 10
Slide 11: The new technology platform with artificial intelligence
The new technology platform with artificial intelligence is a paradigm shift from hardware to software. A higher degree of flexibility in developing and launching new functions and customized solutions. COMPANY CONFIDENTIAL 11 INVISIO V-Series Gen II
Slide 12: Focus areas
Focus areas Continued integration of Racal Acoustics Intensify market penetration further Full focus on LE and Continue to security, by our own address selected COMPANY CONFIDENTIAL organization and our global network countries in Asia, of distribution the Middle East and partners South America 12
Slide 13: Pandemic impact and conditions for sustainable growth
The pandemic has impacted our sales in 2020 and 2021 negatively – but the underlying conditions for strong and sustainable growth continue to be very good. COMPANY CONFIDENTIAL We are convinced that our continued investments in the organization, market development and innovate, market leading 13 sol
Slide 14: Questions and answers
COMPANY CONFIDENTIAL 14 Questions and answers
Slide 15: Appendix
Appendix INVISIO
Slide 16: Condensed consolidated income statement and statement of comprehensive income
Condensed consolidated income statement and consolidated statement of comprehensive income 2021 2020 2021 2020 2020 SEK in millions Note Q3 Q3 Jan-Sep Jan-Sep Full year Revenue 2 142.7 118.7 440.8 359.2 532.0 Cost of goods sold -60.3 -59.0 -186.2 -152.3 -222.9 Gross profit 82.4 59.8 254.6 206.9 309.
Slide 17: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position SEK in millions Assets Note 30/09/2021 30/09/2020 31/12/2020 Goodwill 5 52.8 - - Capitalized development costs 3 93.2 99.0 94.8 Other intangible assets 3, 5 89.5 - - Equipment 3 17.7 3.4 4.1 Right-of-use assets, leases 3 35.4 23.1 24.0 Deposits
Slide 18: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 2021 2020 2021 2020 2020 SEK in millions Note Q3 Q3 Jan-Sep Jan-Sep Full year Operating activities Profit/loss before tax -2.3 8.2 21.4 46.1 84.9 Adjustments for non-cash items 11.5 5.6 35.9 13.3 24.0 Income tax paid -0.2 -4.2 -2.3 -5.3 -12.3 Cash flow f