Slide 1: Presentation of Q2 results 2021 – August 10, 2021
Presentation of Q2 results 2021 – August 10, 2021
Slide 2: Q2 and 1H 2021 Highlights
Q2 and 1H 2021 Highlights Revenues Q2 2021 Revenue Growth Q2 2021 12.4 MUSD +61.6% (22.7 MUSD 1H) (+57.1% 1H) Gross Margin Q2 2021 Adjusted EBITDA Margin Q2 2021 40.4% 11.4% (42.0% 1H) (12.5% 1H) 2
Slide 3: Smartoptics is perfectly positioned to continue the growth journey and increase profitability
Smartoptics is perfectly positioned to continue the growth journey and increase profitability Market growth fueled Uniquely positioned Proven business by an ever-growing to grow addressable plan, solid industry demand for data market and win expertise and track market share record of strong profitab
Slide 4: Massive global data growth drives bandwidth demand and the need for fiber optic technology
Massive global data growth drives bandwidth demand and the need for fiber optic technology World-wide data growth expected to be 29% through 2024 Large and growing market – Compact modular growing 5 times faster CAGR +3.4% (BUSD) HYPERSCALE DATA CENTERS Worldwide – Metro Market • Worldwide metro mar
Slide 5: Smartoptics challenges the market by providing truly “open” and “disaggregated” solutions
Smartoptics challenges the market by providing truly “open” and “disaggregated” solutions What disaggregation and open mean Benefits with open and disaggregation • Faster Innovation – Independent HW & SW design cycles • Cost savings – Lower CAPEX & OPEX • Best in class functions – Cherry-pick suppli
Slide 6: Key events during the quarter
Key events during the quarter Key customer events Product portfolio Supply situation • Several new wins in all customer • 400 Gbit/s • Small effect on revenue so far segments • Support in DCP-M • Long lead-times on certain components • Enterprise • Released and delivered first • Internet content pro
Slide 7: Continued strong growth and increasing profitability, driven by strong development of Solutions and Software & Services
Continued strong growth and increasing profitability, driven by strong development of Solutions and Software & Services Quarterly revenue and EBITDA1 margin development Comments Revenue (MUSD) EBITDA % • Revenue growth driven by strong development in 14 16% 13,8% Solutions, Software and 12,4% 14% Se
Slide 8: Solid growth in all regions
Solid growth in all regions Invoiced Revenue (MUSD) per Region and Quarter – first half year 2021 and 2020 Comments MUSD • Highest growth rates in EMEA driven by strong momentum in Americas EMEA APAC many countries in Europe +32.0% +76.3% • Americas’ growth help by 7,0 7,0 7,0 several accounts in th
Slide 9: Summary of financial performance
Summary of financial performance Revenues (MUSD) Gross Profit (MUSD) Gross Margin (%) +61.6% +69.0% 44,0% 40,1% 40,4% 38,6% 12,4 4,4 5,0 10,0 6,7 7,7 2,6 3,0 Q1 2020 Q2 2020 Q1 2021 Q2 2021 Q1 2020 Q2 2020 Q1 2021 Q2 2021 Q1 2020 Q2 2020 Q1 2021 Q2 2021 Adjusted EBITDA (MUSD) Adjusted EBITDA Margin
Slide 10: Strong revenue growth, stable margins and positive cash flow
Strong revenue growth, stable margins and positive cash flow Profit and Loss Statement – first half year 2021 and 2020 Cash Flow Statement – first half year 2021 and 2020 Q2 21 vs 1H 21 vs Profit and Loss Statement 2021 Q2 2020 Q2 2021 1H 2020 1H Cash Flow Statement 2021 Q2 2020 Q2 2021 1H 2020 1H Q
Slide 11: Financial guidance – Raising the upper range from 30% to 35%
Financial guidance – Raising the upper range from 30% to 35% 2025/26 2020a 2021e aspirations Revenue 34.8 mUSD 20-35% organic growth ~100 mUSD Gross margin ~39% ~41-44% ~45% EBITDA margin ~6.4% ~9-12% ~15-18% Capex/sales ~1.7% ~2% ~2% 11
Slide 12: Appendix
Appendix 12
Slide 13: Profit and Loss Statement
Profit and Loss Statement P&L Statement for Q2 and First Half 2021 and 2020 Comments • Continue strong revenue growth Profit and Loss Statement 2021 Q2 2020 Q2 2021 1H 2020 1H Q2 21 vs Q2 20 1H 21 vs 1H 20 ─ Revenue growth of 61.6% 2021 Q2, Invoiced Revenue 12 392 7 817 22 659 14 434 +58.5% +57.0% c
Slide 14: Cash Flow Statement
Cash Flow Statement Cash Flow Statement for Q2 and First Half 2021 and 2020 Comments Cash Flow Statem 2021 Q2 2020 Q2 2021 1H 2020 1H Comment • Strong operating cash flow Cash at the beginning of the period 2 391 1786 3 625 2 094 ─ +2.3 MUSD in Q2 2021 EBITDA 1 410 365 2 792 237 ─ +2.9 MUSD for firs
Slide 15: Balance Sheet
Balance Sheet Balance Sheet Q2 2021 and 2020 (MUSD) Comments • Successful IPO yielded 10.8 June 30, June 30, June 30, June 30, MUSD in increased equity Assets (MUSD) Equity and Liabilities (MUSD) 2021 2020 2021 2020 Non-Current Assets 6 570 5 729 Total Equity 22 887 9 760 • Net Cash of 10.0 MUSD Cap
Slide 16: smartoptics
smartoptics