secunet Security Networks AG · XETR:YSN
secunet Security Networks — FY2014 Earnings Presentation
30 slides from secunet Security Networks's earnings presentation, Mar 25, 2015
Slide 1: 2014 Annual Financial Statements Analysts' Conference
secunet Security Networks AG 2014 Annual Financial Statements Analysts’ Conference Frankfurt, 25 March 2015 Dr. Rainer Baumgart, CEO Thomas Pleines, CFO
Slide 2: Key messages
Key messages Revenues and EBIT have grown to record level in financial year 2014, thus exceeding level of our forecast. Our shareholders participate in these good results via dividend payments. Our target group-focussed organisation and customer needs-oriented offer foster the long-term in growth pa
Slide 3: Agenda
Agenda 1 Company at a glance 2 2014 financial year 3 Share 4 Outlook Page 3 25/03/2015 Analysts` Conference
Slide 4: Premium IT security made in Germany
Premium IT security made in Germany Market leader in Germany for innovative, high-quality IT security Experience and expert knowledge gained over 15 years in over 5,000 prestigious national and international projects across all industries Comprehensive consultation and product portfolio for national
Slide 5: secunet at a glance
secunet at a glance > 360 staff at seven sites in Germany Sales and project activities worldwide Hamburg Public Business Berlin Public customers Automotive Sector Essen German Armed Forces and Critical infrastructures NATO States Dresden Companies subject to secrecy Siegen supervision Fran
Slide 6: Public Sector reference projects
Public Sector reference projects Electronic tax return system ELSTER Security platform for electronic tax returns IT security in the Federal Foreign Office Networking of all diplomatic missions using SINA BStU uses secunet safesurfer Protective system for secure and convenient Internet browsing 10 y
Slide 7: EasyGO project at Prague airport / EasyPASS project at German airports
EasyGO project at Prague airport EasyPASS project at German airports EasyGo at Prague's Václav Havel Airport Officially in use since 5 December 2011 More than 350,000 passengers have used the secunet easygates at arrivals between 12/2011 and 12/2013 Cooperation with EasyPASS at German airports Major
Slide 8: SINA Tablet – reliable, highly secure and ultra-mobile
SINA Tablet – reliable, highly secure and ultra-mobile Combines IT security „Made in Germany“ and high- performance Tablet High security device based on well-profen SINA workstation Highly secure workplace available on Lenovo ThinkPad Helix 2 and Microsoft Surface Pro 3 hardware- platforms Apps for
Slide 9: References Business
References Business Berliner Wasserbetriebe Remote maintenance of the critical process guidance system via SINA BusinessBook RWE project “BSI Certification Guidelines for the Smart Meter Gateway Administrator” in accordance with TR-03109 BMW Group Design and implementation of suitable protection mec
Slide 10: Agenda
Agenda 1 Company at a glance 2 2014 financial year 3 Share 4 Outlook Page 10 25/03/2015 Analysts` Conference
Slide 11: Revenue development 2013-2014
Revenue development 2013-2014 Revenue in million euros +29% ■ Strong increase in the product business (revenues from trade goods, licences, 67.2 maintenance, support) 63.9 ■ Effects of recovery from postponed projects from the previous year ■ Revenue from services (the consulting business) almost co
Slide 12: Revenue by segment: Contribution of the business units to Group revenue
Revenue by segment: Contribution of the business units to Group revenue Revenue as % of Group revenue ■ Importance of target group public purchasers increased due to groth in Public Sector 22% 16% Business SINA product family Sector IT security product and services for public customers ■ Busines
Slide 13: Revenue by segment
Revenue by segment in million euros +38% PUBLIC SECTOR 68.9 ■ Strong increase of product and 50.1 solution business of SINA product family ■ Effects of recovery from postponed 2013 2014 projects from the previous year ■ Services (consulting business) -4% steady 13.8 13.3 BUSINESS SECTOR ■ Revenue fe
Slide 14: Internationalisation
Internationalisation Revenue generated abroad in million euros ■ Expansion of the sales team +12% ■ Tapping of new target markets 9.3 ■ eID-PKI in Norway 8.3 ■ Border control solution in Switzerland ■ Opportunities due to extension of approvals for SINA product family, especially NATO 2013 2014 Page
Slide 15: Development of costs
Development of costs in million euros +30% ■ Strong growth of product business causes increase of material expenses 62.8 48.5 Cost of sales +12% ■ Increase in personnel expenditure due to the expansion of the sales organisation 8.1 9.1 Distribution costs +3% ■ Increased personnel expenditure 3.6 3.7
Slide 16: Earnings before interest and taxes (EBIT) 2013-2014
Earnings before interest and taxes (EBIT) 2013-2014 EBIT in million euros ■ Considerable increase of revenues +79% ■ Focus product business: expenses 6.6 increase at a lower rate than the revenue 3.7 2013 2014 Page 16 25/03/2015 Analysts` Conference
Slide 17: Cash flow
Cash flow in million euros 10.2 -1.3 -0.9 8.1 6.6 -1.4 0.0 5.2 2013 2014 2013 2014 Cashflow from Cashflow from Cashflow from Increase in cash and operating activities investing financing activities cash equivalents activities Page 17 25/03/2015 Analysts` Conference
Slide 18: Key balance sheet figures
Key balance sheet figures in million euros 31/12/2013 31/12/2014 ■ Increasing level of liquid assets Total assets 57.4 68.6 +20% ■ High equity ratio ■ No debt Liquid assets 29.3 37.4 +28% Equity 33.1 35.7 +8% Equity ratio 57.6% 52.0% -/- Trade receivables 15.4 17.1 +11% Trade payables 7.3 9.3 +28% L
Slide 19: Employees
Employees As at 31 December ■ Very high qualification of staff +5% ■ Low fluctuation 360 ■ Expansion as and when required 344 2013 2014 Page 19 25/03/2015 Analysts` Conference
Slide 20: Agenda
Agenda 1 Company at a glance 2 2014 financial year 3 Share 4 Outlook Page 20 25/03/2015 Analysts` Conference
Slide 21: Performance January 2014 – March 2015
The secunet share: Performance January 2014 – March 2015 7/3/14: 2/1/14: EUR 22.75 13/3/15: EUR 19.86 EUR 20.31 Page 21 25/03/2015 Analysts` Conference
Slide 22: Shareholder structure
Shareholder structure in % share capital ■ Shareholder structure remains Giesecke & Devrient 78.96 % stable Axxion SA 3.18 % ■ Low free float BNY Mellon Service KAG 3.06 % I. Weispfenning 2.00 % C. Weispfenning 1.95 % Eigene Anteile 0.47 % Streubesitz 10.38 % Page 22 25/03/2015 Analysts` Conference
Slide 23: secunet Security Networks Aktiengesellschaft (according to German Commercial Code)
secunet Security Networks Aktiengesellschaft (according to German Commercial Code) in million euros 2014 2013 Results of operations Revenue 84.3 64.6 +30% EBIT 6.7 4.2 +60% Net income 4.3 2.5 +72% Financial position and net assets Balance sheet +6.4 +3.1 +106% loss/profit Page 23 25/03/2015 Analysts
Slide 24: Gewinnverwendungsvorschlag: Dividende steigt
Gewinnverwendungsvorschlag: Dividende steigt The Management Board and the Supervisory Board of secunet Security Networks AG recommend to the Annual General Meeting that a total of EUR 1,746,765.54 should be distributed to the shareholders through the payment of a dividend of EUR 0.27 per share wit
Slide 25: Agenda
Agenda 1 Company at a glance 2 2014 financial year 3 Share 4 Outlook Page 25 25/03/2015 Analysts` Conference
Slide 26: Full order book
Full order book in million euros, according to IFRS ■ High level of orders on hand -7% ■ Orders out of framework contracts included not until call-off order 40.3 ■ Good utilisation of employee capcities is ensured 37.5 ■ New products: SINA Tablet, Safe Surfer, SINA Server ■ Approvals (national and i
Slide 27: Risks and opportunities
Risks and opportunities Opportunities Risks Increasing awareness Competitive environment IT security legislation: stronger regulation for Customer structure and distributions providers of critical infrastructures Product development New markets „Made in Germany“ enjoys a good Major p
Slide 28: Long-term growth trend and Forecast 2015
Long-term growth trend and Forecast 2015 Revenue in million euros 82.2 67.2 64.0 63.9 59.5 55.6 52.1 40.8 41.3 36.5 32.4 22.4 23.1 21.1 18.0 11.1 7.5 3.0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 The Management Board is expecting revenues and the EBIT
Slide 29: secunet Security Networks AG
secunet Security Networks AG Kronprinzenstr. 30 45128 Essen, Germany Phone +49 201 5454-0 Fax +49 201 5454-1000 info@secunet.com
Slide 30: Disclaimer
Disclaimer If this communication contains any forecasts or expectations or if our statements refer to the future, such statements can involve risks and uncertainties. Therefore we cannot guarantee that these expectations will prove to be correct. The actual results and developments may deviate signi
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