Maven Wireless Sweden Ab · OMXSTO:MAVEN
Maven Wireless Sweden Ab — Q1 2024 Earnings Presentation
20 slides from Maven Wireless Sweden Ab's earnings presentation, May 7, 2024
Slide 1: Company Introduction
Company Introduction Wireless Indoor Coverage Market Road & Rail Leading RF Tunnels and Fiber Technology 73 patents globally 6 major frame agreements 5x sales USD 10bn 2023 6 pending Over 2 years CAGR 6.2% Founded 2016, IPO June 2021 Fan-Less, Maven locations In-building Reliable and coverage Sustai
Slide 2: DAS Market 2023: $10 B
DAS Market 2023: $10 B Europe: $2.7 B 2028: $13 B (CAGR 6.2%) UK 17% Maven TAM: 1/3 France 17% Germany 15% North America: $3.3 B APAC: $3.1 B China 28% US 40% Japan 14% Canada 21% India 11% Mexico 5% ROW: $0.8 B MEA 44% South Am 23% 2
Slide 3: Market Overview
Market Overview Leading Innovator In Wireless Coverage Cellular Public Solutions Safety We offer end-to-end digital solutions with outstanding performance. Our products ensure wireless coverage for cellular and public safety services in buildings, tunnels, metros, stadiums, on trains and more. In-tr
Slide 4: Digital DAS Repeaters
Fiber Interface DIGITAL DAS REPEATERS Low Power Low Power Remotes Repeaters High Power Remotes High Power Repeaters In-Train Repeaters Compact Master Unit Off-air Master Compact RF Point of Interface 4
Slide 5: Repeater Application Fit
Repeater Application Fit Large Medium 20 000 - 200 000 sqm Small 2 000 - 20 000 sqm <2 000 sqm Tropo Exo Cirrus 10X 20X Stratus Stratus Stratus 5
Slide 6: Q1'24 & highlights
Q1'24 & highlights ail
Slide 7: Highlights – January – April 2024
Highlights – January – April 2024 Vodafone Holland order Stratus high power for both in-door and tunnel projects Wins first cellular DAS project in the UK, SAS Wireless connects all MNO’s in Silvertown tunnel, London Additional business with a new 5-band Stratus variant, adding 1400 SDL with SEK 15
Slide 8: Q1'24 – Gross margin tripled with all time high revenue
Q1’24 – Gross margin tripled with all time high revenue Net sales increased by 31% to SEK 53.7m (41.1), all organic Gross profit increased by 67% to SEK 25.1m (15.0) EBITDA for the quarter increased by 167% to SEK 10.4m (3.9) Earnings per share SEK 0,12 (0.05) Order intake of SEK 47m. Orderbook reac
Slide 9: Group quarterly financial performance
Group quarterly financial performance Net sales (SEKm) and 31% Orderbook and order intake (SEKm) gross margin 77,8 47% 44% 40% Orderbook Order intake 65,4 36% 201 198 34% 35% 35% 53,3 53,7 173 28% 29% 41,1 139 40,7 121 121 26,5 89 89 84 81 21,5 58 12,7 47 28 35 35 31 21 24 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 10: Group quarterly financial performance
Group quarterly financial performance Geographical revenue breakdown Q1’24 (%) EBITDA (SEKm) & EBITDA margin 16,2 2% 0% 24% 21% 19% 17% 12,8 15% 11,0 10,4 Nordic 9% 33% 5% Europe -2% 3,9 3,9 2,1 APAC 65% -0,4 MEAT -4,2 -33% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2022 2023 2024 • Maven has larger framework agree
Slide 11: References
References 11
Slide 12: Reference projects
MAVEN _ Reference projects SBBYy swizetind & Critical Communitetions: Sweden Grand Palais - Fragce: © Data centers i mee
Slide 13: Metro and Tunnel projects
Metro and Tunnel projects • Norway : + 1000 of tunnels • New Istanbul metro lines • Railway operator with +270M • Twin-tunnel, length 53km enabling to interconnect fjords and Basaksehir-Kayasehir (6 km) and passengers/year • 5-year framework agreement with providing road access during Bakirkoy-Kiraz
Slide 14: Nimbus LP DAS Remote Introduction
NIMBUS NIMBUS --LP LPDAS DASRemote Remote Introduction Introduction 14
Slide 15: Nimbus – 5G indoor coverage
Nimbus – 5G indoor coverage fiber to the antenna Nimbus is a part of Maven’s digital DAS platform Technical specifics: • Supports 4x400 MHz • SISO or MIMO (2x2 or 4x4) • 23 dBm (200mW) per band • Weight: 4,5 kg (11 lbs) • SFP28 fiber connection • DC or AC power • Fanless Available in any band config
Slide 16: Typical Nimbus applications
Typical Nimbus applications Office buildings Airports/Stations Casinos/Hotels Using LP remotes allows for a sequential These high-capacity areas benefit from the Nimbus alleviates the need for external buildout of coverage, per tenant. Also, high level of sectorization and high antennas and passive
Slide 17: Nimbus - Summary
Nimbus - Summary • Highest data throughput on the market • With SISO and MIMO configurations for 4G and 5G Benefits: • 4-band remote unit (23 dBm) – fiber to the • Sequential buildout of coverage antenna - better cashflow • Part of Maven’s digital DAS platform, • Adresses also the brownfield complem
Slide 18: Maven Stock
Maven Stock 18
Slide 19: Maven Wireless – Share during Q1 2024
Maven Wireless – Share during Q1 2024 Price, March 31st, SEK Development during Q1 Number of owners 19,2 42% 3 187 Största aktieägare per den 31 M ars 2024 Antal aktier och Andel av kapital och Aktieägare röster röster (%) Nasdaq First North Growth Market Gunnar M almström* 7 400 304 14,26% Göran Gr
Slide 20: 5G Digital Growth. Worldwide.
IR & Aktien 5G Digital Growth. Worldwide. Nasdaq First North 20
Maven Wireless Sweden — Q1 2024 Earnings Presentation on 6ix