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AXIS Communications A world of intelligent networks First quarter 2001

AXIS Communications A world of intelligent networks First quarter 2001. Presented by Peter Ragnarsson. 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

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AXIS Communications A world of intelligent networks First quarter 2001

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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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