AXIS ETRAX 100LX - Axis Communications - Leader in network cameras
AXIS Communications - a world of intelligent networks Annual General Meeting 2002
description
Transcript of AXIS Communications - a world of intelligent networks Annual General Meeting 2002
AXIS Communications- a world of intelligent networks
Annual General Meeting 2002
AXIS Communications- a world of intelligent networks
Annual General Meeting 2002
President´s messageAnnual General Meeting 2002
President´s messageAnnual General Meeting 2002
Peter Ragnarsson
Axis 2001
Profitability and positive cash flowachieved as planned in the secondhalf of 2001
Year 2001
Weak market conditions Strong impact on IT and telecom
industries¬ Negative growth¬ Big losses¬ Big changes in valuations
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
Factors contributing to profitability
Sales increased by approx. 5% including currency effects
Improved gross margins Reduced costs Restructuring measures
Core offerings
World class solutions for easy-to-use, secure and efficient communication over networks
Network Camera & Video Server
Worldwide #1
Axis´ offerings
Network PrintingWorldwide #2
Network Scan & Store
Network WirelessAccess
Axis ThinServerTechnology
A global player - 95% exported…
46%EMEA
Americas
Asia
31%
23%
Sales by region
Axis´ market segments
Branded
NetworkedOffice
NetworkedFacility
Growing use of networks
in new environments
OEM
End user
Business model – spreading risk
OEM
Axis
Nationaldistributor
Value addeddistributor
Reseller
A global distribution network
Distributor partnerships¬Between 500 and 1,000 worldwide
Reseller & Integrators partnerships¬Between 50,000 and 100,000 worldwide
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
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
First Quarter January - March 2002
First Quarter January - March 2002
First Quarter 2002
Stable foundation for profitable growth
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
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%
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
Ongoing operations, MSEK
Sales per Quarter
0
50
100
150
200
250
Q1 Q2 Q3 Q4
2000 2001 2002
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
Market trends
Generally weak market conditions expected to remain at least until mid-2002
Slightly increased activity in markets
Outlook 2002
Continuous profitability and positive operational cash flow
On track for a stronger position and profitable growth