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Axis Communications: Innovating Intelligent Networks

Explore the journey of Axis Communications, a global leader in intelligent network solutions since 1984, presenting highlights and financial analysis from the first quarter of 2001. Discover their diverse product portfolio and strategic partnerships driving growth and profitability.

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Axis Communications: Innovating Intelligent Networks

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  1. AXIS CommunicationsA world of intelligent networksFirst quarter 2001 Presented by Peter Ragnarsson

  2. Axis Group • Founded 1984 • Listed on Stockholm stock exchange 2000 Axis AB Netch 59%(incl new issue 2001) ThinServers • Printservers • Scan servers • CDservers • Camera servers • Technology Mobile Internet • Access Points • Mobile Access • server nBand 11%

  3. ThinServer products • Print & Scan servers • Global top 3 on network print solutions • Camera servers • Leader in network camera and video servers • Storage servers • Global n°1 market leader for CD/DVD servers • Technology • network solution platforms

  4. Mobile Internet products Carrier class total systemsolutions for local mobile networks based on Bluetoothand WLAN (802.11) • Access Points • Mobile Access Server • Subscriber management • Security • Positioning • Network management • I/f to billing & customer care systems

  5. Axis history - four distinct phases CameraMobile SystemsGlobally 4th phase ThinServersStorageUSA 3rd phase Print serversLAN environm.Asia 2nd phase IBM protocol conversion Europe 1st phase 1984 1992 1996 2000

  6. Highlights q1 2001 - Sales • Sales growth following strategic investments • Strategic partnerships • Camera • New distribution structure in Europe • Market-oriented organization structure

  7. Highlights q1 2001 - Sales • Sales 176 Mkr (150) • Growth 17% • ThinServers: growth 23% • Netch: negative growth -32%

  8. Sales mix q1-2001

  9. ThinServer products - sales q1 2001 • Total sales 162,5 Mkr (132,4) • Growth total area 22,7% • Strategic investment provides returns • Strategic partnerships • Camera • New distribution structure in Europe • Market-oriented organization structure • Formation of Network Office and Office Connectivity OEM completed

  10. Networked Office - sales q1 2001 • Total sales 75,5 Mkr (81,3) • Growth -7,1% • New market-oriented organization • Professional buyers • Organizations >50 employees • Decrease in sales due to Storage products

  11. Office Connectivity OEM - sales q1 2001 • Total sales 32,0 Mkr (12,2) • Growth 161,4% • Orientation towards industrial customers • First deliveries to Canon of Bluetooth products (AXIS 5800 Mobile) in april 2001

  12. Camera - sales q1 2001 • Total sales 52,3 Mkr (29,8) • Growth 75,1% • Cooperation with Honeywell in Taiwan • Solution for remote monitoring of telecom infrastructure

  13. Mobile Internet products - sales q1 2001 • Initial order from Canon • First deliveries of Axis 9010 Bluetooth™ Access Points in april 2001 • Mobile Access Server launched at CEBIT

  14. Netch - sales q1 2001 • Netch is a supplier of strategic Internet services • Axis holds 59% of Netch after the new issue (57,6 Mkr) in February 2001 • Peter Ragnarsson Chairman of the Board in Netch from Dec. 2000 • Difficult market situation

  15. Highlights q1 2001 - EBIT • Towards profitability as planned • Axis (excl. Mobile Internet) up 31,5 Mkr compared to q1-2000 • Heavy R&D investments • Mobile Internet 24 Mkr • R&D total 38 Mkr

  16. Highlights q1 2001 - EBIT • Extraordinary profit influence • Q1-2001 impact -5 Mkr • temporary production problems • write-off accounts receivable • Netch impacted by re-structuring costs (announced in December 2000 report) • total amount -31 Mkr

  17. EBIT analysis q1-2001 (proforma q1-2000)

  18. EBIT by quarter (proforma 2000) • R&D overall • 38 Mkr in q1-2001 • Investments in Mobile Internet area • 24 Mkr in q1-2001 • Netch restructuring costs • 10 Mkr in q4-2000 • 31 Mkr in q1-2001

  19. ThinServer products - EBIT q1 2001 • Profitability in focus • EBIT level improved significantly • Extraordinary profit influence -5 Mkr • temporary production problems • write-off accounts receivable

  20. Mobile Internet products - EBIT q1 2001 • Intensive R&D • Total investment in q1-2001 24 Mkr (14) • Investment level reduced during 2001 • Technology and market uncertainties

  21. Netch - EBIT q1 2001 • Re-structuring program • Re-structuring costs • q4 2000: 10 Mkr • q1 2001: 31 Mkr • Focus on reaching profitability in 2001

  22. Highlights q1 2001 - Liquid funds • Liquid funds 198,7 Mkr • Net change in liquid funds +2,7 Mkr

  23. Change in liquid funds - q1 2001

  24. Balance sheet - assets

  25. Balance sheet - liabilities & equity

  26. ThinServer market IDC predicts sales of ThinServers at more than $11 billion by 2004 Source: IDC

  27. Market trends 2001 • Growth potential in • Office Connectivity OEM • Camera • Market and technology delays in wireless area • Uncertainty regarding general economic down-turn

  28. Outlook 2001 • Priority on profitability and cash-flow • Normalization of investment level • Re-structuring of Netch

  29. Axis 2001 • Global presence • 4th major investment phase completed • Industry insider • Profitable – and growing - base business • Netch re-structured • Proven track record

  30. Axis financial goals • Equity ratio normally not less than 50% • Average annual sales growth of 30% in the five years following the IPO (ending 2005) • Pre-tax margin of 10-15% achieved within three years from the IPO (2003)

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