Smart Eye Ab · OMXSTO:SEYE
Smart Eye Ab — Q1 2025 Earnings Presentation
14 slides from Smart Eye Ab's earnings presentation, May 13, 2025
Slide 1: Smart Eye First Quarter 2025
MAY 13, 2025 Smart Eye First Quarter 2025 Martin Krantz, CEO Mats Benjaminsson, CFO
Slide 2: Summary Q1 Report
7% Organic Growth Improved EBITDA +5MSEK (+22%) Summary 90 MSEK -18 MSEK Q1 Report Automotive Organic Growth Behavioral Research Revenue Growth Savings on track 27% -5% Organic growth Car Models Reached Production OEMs reached production Automotive Licenses Improved EBITDA 85 (75) 12 (10) >100% More
Slide 3: Clear Market Leader with 365 Design Wins
Clear Market Leader with 365 Design Wins • Automotive design wins SEK 8.7 bn estimated order Whereof 10 with Interior Sensing value • Upsell potential SEK 365 5.6 bn • 23 OEMs • 12 OEMs has entered production • 85 design wins have entered production since 2018 • 70-80 design wins expected to reach p
Slide 4: Smart Eye and the Global DMS Market
Smart Eye and the Global DMS Market 23 OEMs | 365 DMS Design Wins | 10 Interior Sensing Design Wins | 85 Design Wins Entered Production North America Europe Asia 3 OEMs | 126 Design Wins 13 OEMs | 145 Design Wins 7 OEMs | 94 Design Wins Entered production Entered production Entered production 1 OE
Slide 5: Automotive
Automotive Car models entered production Q1 2025 • Korean, Japanese and US OEM’s together drive the license revenue growth • European OEM:s still low volumes, expected to increase in 2025 • Two new OEM:s entered the market • 10 new Design Wins went into production
Slide 6: DMS market development
DMS market development Reviewed and updated estimates in light of developments in automotive market Number of sold vehicles 2024 amounts to 91 million 15 million vehicles sold in Europe Low yearly growth expected, 1-2% DMS market growth driven by General Safety Regulation within EU 30% of cars produ
Slide 7: Financial Summary
• Net Sales 90.1 (86.1), growth +5% Y/Y, Organic growth +7% Financial • R12 Net Sales 359.0 (324.0), growth +11% Y/Y • Gross Profit 79.9 (77.3) +2.6 MSEK Y/Y, Gross Margin 88.8% (89.8%) Summary • EBITDA, -17.9 (-23.0) MSEK • Operational result -61.4 (-61.5) MSEK • Earnings before tax -65.3 (-61.6) M
Slide 8: Automotive
Automotive Growth +20% Y/Y Organic Growth +27% Y/Y Growth Rolling 12 months +31% Y/Y License revenue continues to increase driven by • more car models enterers in production and • existing car models ramping up with higher production volumes 2023 2024 2025 License revenue increased with more than 10
Slide 9: Behavioral Research
Behavioral Research Growth -5% Y/Y Growth Rolling 12 months 1% Y/Y • Strong order intake and sales development for iMotions • Media Analytics and Research Instrument decline compared to the same period last year • US tariffs have had some impact 2023 2024 2025
Slide 10: Adjusted EBITDA, excluding one-time items
Adjusted EBITDA, excluding one-time items Underlying EBITDA in line with last year • Gross Profit improved driven by license revenue for Automotive and high sales for iMotions • OPEX excluding restructuring higher due to investment in sales and marketing 2023 2024 2025 Last year adjusted for restruc
Slide 11: Cost Saving Program
Cost Saving Program Cost Control • Savings program full effect from Q2 2025 (target 94 MSEK) • Yearly savings of approximately 40 MSEK • Around 9% FTE reduction, mainly administration and sales support Expected OPEX development • Less number of FTEs will reduce expenses and OPEX in Q2 • Personnel ex
Slide 12: Strong Outlook
Strong Outlook EBITDA • Q2 very close to break-even • Q3 solid positive margin supported by increased licenses and decreased OPEX (Seasonal) • Q4 solid positive margin due to increased license revenue Cash Flow • Q4 very close to break-even • 2026 strong positive cash flow 12
Slide 13: Balance Sheet KPI's
Balance sheet KPI's Q1 2025 • Investment in Iris-technology- Available cash 23 MSEK, paid via set-off issue Opening Closing Amount in MSEK ending Balance Balance • Total debt amounts to -60.6 MSEK balance Cash ending balance 22,4 9,6 9,6 • Total Available cash 130.9 MSEK Bank overdraft facility 0,0
Slide 14: Improving road safety to save lives around the world
Improving road safety to save lives around the world and redefining the mobility experience to enhance comfort, wellness and entertainment smarteye.ai