axis communications - a world of intelligent networks annual general meeting 2002
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AXIS Communications - a world of intelligent networks Annual General Meeting 2002. President´s message Annual General Meeting 2002. Peter Ragnarsson. Axis 2001. Profitability and positive cash flow achieved as planned in the second half of 2001. Weak market conditions - PowerPoint PPT PresentationTRANSCRIPT
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AXIS Communications- a world of intelligent networks
Annual General Meeting 2002
AXIS Communications- a world of intelligent networks
Annual General Meeting 2002
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President´s messageAnnual General Meeting 2002
President´s messageAnnual General Meeting 2002
Peter Ragnarsson
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Axis 2001
Profitability and positive cash flowachieved as planned in the secondhalf of 2001
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Year 2001
Weak market conditions Strong impact on IT and telecom
industries¬ Negative growth¬ Big losses¬ Big changes in valuations
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Axis 2001 in short...
Foundation set for continued profitable growth
Operating profit achieved in the second half of 2001
Q1 2002 shows continued positive development
Pro forma 2000
-250
-200
-150
-100
-50
0
50
Mkr
96/97 97/98 98/99
99/00 2000 2001
Q1 -02
Operating results
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Factors contributing to profitability
Sales increased by approx. 5% including currency effects
Improved gross margins Reduced costs Restructuring measures
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Core offerings
World class solutions for easy-to-use, secure and efficient communication over networks
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Network Camera & Video Server
Worldwide #1
Axis´ offerings
Network PrintingWorldwide #2
Network Scan & Store
Network WirelessAccess
Axis ThinServerTechnology
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A global player - 95% exported…
46%EMEA
Americas
Asia
31%
23%
Sales by region
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Axis´ market segments
Branded
NetworkedOffice
NetworkedFacility
Growing use of networks
in new environments
OEM
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End user
Business model – spreading risk
OEM
Axis
Nationaldistributor
Value addeddistributor
Reseller
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A global distribution network
Distributor partnerships¬Between 500 and 1,000 worldwide
Reseller & Integrators partnerships¬Between 50,000 and 100,000 worldwide
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A growing customer base
Ingram Micro Azlan Adimpo MicroP Allnet Fibrenetix NSM Storage
EET Nordic Canon SONY Honeywell Securitas Minolta - QMS Panasonic
Some of our distributors and OEM partners
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Investing for the future
Intensive R&D agenda¬ Approx. 22 % of sales is
reinvested in R&D¬ Support for new protocols¬ Increased functionality¬ New applications¬ Wireless communication
Seven new patents during 2001
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First Quarter January - March 2002
First Quarter January - March 2002
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First Quarter 2002
Stable foundation for profitable growth
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Financial performance
Profitability and Positive Cash Flow… Operating profit improved by
SEK 43 M (comparable units) Third consecutive quarter with positive EBIT Increased operational efficiency Reduced capital tied up in operations
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Sales Q1 2002
Sales by Product Group
41% Video
Print 43%
Store 5%Scan 2%Access 1% Other 8%
Branded vs. OEM sales
25% OEMBranded 75%
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EBIT by Quarter
R&D overall¬ 31 MSEK in Q1
Operating margin 6.5% Profit margin 8.3%
Pro forma 2000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2000
Q1
2001 -02
-80
-70
-60
-50
-40
-30
-20
-10
0
10EBIT Structural
Mkr
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Ongoing operations, MSEK
Sales per Quarter
0
50
100
150
200
250
Q1 Q2 Q3 Q4
2000 2001 2002
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Liquid funds
MSEK
0
25
50
75
100
125
150
175
200
Q3-00 Q4-00 Q1-01 Q2-01 Q3-01 Q4-01 Q1-02
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Market trends
Generally weak market conditions expected to remain at least until mid-2002
Slightly increased activity in markets
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Outlook 2002
Continuous profitability and positive operational cash flow
On track for a stronger position and profitable growth