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AXIS Communications - a world of intelligent networks Full year 2002

AXIS Communications is a global, innovative company specializing in intelligent network solutions. With a broad product portfolio, AXIS serves customers in over 70 countries, offering proven technology and intensive research and development. The company experienced strong growth in the video market in 2002 and aims to prioritize profitability and growth in 2003.

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AXIS Communications - a world of intelligent networks Full year 2002

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  1. AXIS Communications- a world of intelligent networksFull year 2002 CEO Peter RagnarssonCFO Jörgen Lindquist

  2. Sharp increase in profitability

  3. Financial performance 2002 • Net sales for comparable units: SEK 670 M (676) • Operating profit for comparable units: SEK 40 M (loss:83) • Cash flow from operating activities: SEK 7 M (neg:26)

  4. This is Axis • A global, established and profitable company • Sales in over 70 countries • A broad product portfolio meeting customer´s needs • An innovative market leader • Proven technology and intensive R & D

  5. Highlights 2002 • Strong development within Video • Proactive market efforts • Several new partners focused on total solutions • Positive sales trend in Asia and EMEA

  6. A year of growth in the Video market • Worldwide #1 position • Axis’ largest product area • A base of 200,000 units installed • Several new strategic agreements

  7. Trends driving the market • Transition from analog to digital solutions • Growing interest in surveillance and security • Increasingly large investments • Increasingly professional applications

  8. Converging markets Security market IT market

  9. Focus on customer segments • Transportation • Banking & Finance • Government • Retail • Industrial • Education

  10. Investing for the future Intensive R&D agenda • 118 MSEK in year 2002 • Corresponding to 18% of sales • Nine new patents • Product innovations for future growth

  11. A strong position • Proven technology • Global sales and distribution • Market leadership • Profitable development • Growth opportunities

  12. Financial performanceFull year 2002

  13. Financial performance 2002 Sharp increase in profitability despite weak market • Net sales for comparable units: SEK 670 M (676) • Operating profit for comparable units: SEK 40 M (loss:83) • Cash flow from operating activities: SEK 7 M (neg:26)

  14. Financial highlights • Profitability • Continuous growth for Video • Continuous cost control • Currency effects • Positive cash flow

  15. Sales 2002 Ongoing operations 12 months 2002 • Sales 670 MSEK (676)

  16. Sales Q4 2002 Sales by Product Group Sales by region Access 1% Other 6% Scan & Store 7% Asia Americas Video 26% 27% 45% 22% 41% 47% Print EMEA

  17. Video – Sales 2001-2002 • 45% of Axis´ total sales • Increased demand for network cameras and video servers • New agreements Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2001 2002

  18. Print – Sales 2001-2002 Pro forma 2000 • 41% of Axis´ total sales • Weak development due to cautious IT-market Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2001 2002

  19. EBIT by Quarter 2000-2002 Pro forma 2000 • Continuous profitable development • Q4: operating margin 5.7%; profit margin 7.3% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2000 2001 2002

  20. Sales per Quarter 2001-2002 Ongoing operations, MSEK

  21. Gross margin 2001-2002 MSEK

  22. Accounts receivables 2001-2002

  23. Inventory 2001-2002 MSEK

  24. Liquid funds 2001-2002 MSEK

  25. Axis’ ambition 2003 • Profitability and growth • Strengthened positions • Priority on Video • Clear customer focus • New generation Video products

  26. Outlook 2003 • Signs of increased activities in several markets • IT market and overall sales trend difficult to predict • Continued substantial growth for Video

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