Invisio Ab · OMXSTO:IVSO
Invisio Ab — Q3 2017 Earnings Presentation
20 slides from Invisio Ab's earnings presentation, October 2017
Slide 1: January–September 2017 Presentation
January–September 2017 Presentation Lars Højgård Hansen, CEO
Slide 2: Agenda
Agenda • CEO comments January–September 2017 • Q&A • Financial performance in further details 2
Slide 3: New product category and good order intake
”We are building a larger company with a broader product portfolio, more markets, stronger relationships with customers and even better prospects.” New product category and good order intake 3
Slide 4: Key Ratios
Key Ratios 2017 2016 2017 2016 SEK in millions Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% Revenue 75.5 85.6 -12 247.6 248.7 0 Gross profit 42.4 45.1 -6 131.2 130.6 0 Gross margin, % 56.2 52.7 53.0 52.5 EBITDA 15.2 29.0 -48 54.6 77.2 -29 Operating profit/loss 14.3 27.7 -49 51.3 73.5 -30 Operating margin, % 18.9 32.
Slide 5: Development in Sales and Operating profit
Development in Sales and Operating profit Sales Operating profit MSEK 350 MSEK 100 300 80 250 60 200 40 150 247.6 51.3 20 100 50 0 0 -20 2013 2014 2015 2016 Jan-Sep 2013 2014 2015 2016 Jan-Sep 2017 2017 5
Slide 6: Sales and order backlog per quarter and rolling 12 months
Sales and order backlog per quarter and rolling 12 months Sales Order backlog MSEK 100 400 MSEK 200 350 80 160 300 60 250 120 200 40 150 80 100 20 40 50 0 0 0 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q4 2013 Q4 2014 Q4 2015 Q2 2017 Q4 2013 Q4 2014 Q4 2015 Q2 2017 Q4 2016 Q4 20
Slide 7: INVISIO Q3/17 Highlights
INVISIO Q3/17 Highlights A broader product portfolio • New product category for communication in vehicles. • Positive feedback from potential customers at trade shows in UK and USA. • Commercially available in late 2018. Increased market presence and more employees • Sales office established in Ital
Slide 8: A new product category for communication in vehicles
A new product category for communication in vehicles A step to further strengthen INVISIO’s role as a leading supplier of communications and protection solutions 8
Slide 9: Bridging the gap between the mounted and dismounted soldier
Bridging the gap between the mounted and dismounted soldier … making it possible for multiple users and radios to connect simultaneously, controlling both systems with their INVISIO control units. Soldier Vehicle 9
Slide 10: Improving safety and operational effectiveness
Improving safety and operational effectiveness A complete system for communication and hearing protection in mounted and dismounted operations. Headsets PTT/COMMs Dismounted Soldier Mounted Soldier Intercom Interface Cables 10
Slide 11: A unique intercom solution
A unique intercom solution 11
Slide 12: Intercom In a Bag
Intercom In a Bag Intercom in a bag: INVISIO ICS Radios Antennas PWR MGMT Cables Battery COMPANY CONFIDENTIAL 12
Slide 13: A simpler and more flexible solution
A simpler and more flexible solution Plug-and-play • Simpler and less complex than traditional intercom systems where the user need to switch between the dismounted and the mounted system. • Less effort to integrate new users. Flexibility • Smaller, lightweight, and highly mobile to establish Interc
Slide 14: Sales via established channels
Sales via established channels • Addressing the light and medium weight vehicles. • Sales via established channels: Specialist partners, HQ and sales offices in the USA, France and Italy. • Uneven order flow in the industry due to long procurements. Broadening of the portfolio lower the risk of unev
Slide 15: INVISIO
INVISIO”
Slide 16: Thank you!
Thank you! INVISIO®.
Slide 17: Financial performance in further details
Financial performance in further details January–September 2017 17
Slide 18: Condensed consolidated income statement and comprehensive income
Condensed consolidated income statement and consolidated statement of comprehensive income 2017 2016 2017 2016 2016 SEK in millions Q3 Q3 Jan-Sep Jan-Sep Full year Revenue 75.5 85.6 247.6 248.7 330.0 Cost of goods sold -33.1 -40.5 -116.4 -118.2 -159.0 Gross profit 42.4 45.1 131.2 130.6 171.0 Operati
Slide 19: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position SEK in millions Assets 30/09/2017 30/09/2016 31/12/2016 Capitalized development costs 24.4 18.9 17.5 Equipment 4.2 1.3 3.3 Deposits for rent, long-term 1.5 1.1 1.5 Deferred tax assets 34.3 34.9 34.3 Inventories 27.9 33.2 25.9 Trade receivables 9
Slide 20: Condensed consolidated statement of cash flow
Condensed consolidated statement of cash flow 2017 2016 2017 2016 2016 SEK in millions Q3 Q3 Jan-Sep Jan-Sep Full year Operating activities Profit/loss before tax 14.2 27.7 48.5 73.4 90.3 Adjustments for non-cash items 0.7 -0.1 4.0 3.5 13.2 Income tax paid 0.0 -0.2 -0.6 -0.2 -5.1 Cash flow from oper