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AXIS Communications - a world of intelligent networks Annual General Meeting 2002

Axis Communications President's message at the 2002 AGM highlighting strong financial performance in 2001, market conditions, growth factors, and strategic outlook for 2002.

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AXIS Communications - a world of intelligent networks Annual General Meeting 2002

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  1. AXIS Communications- a world of intelligent networksAnnual General Meeting 2002

  2. President´s messageAnnual General Meeting 2002 Peter Ragnarsson

  3. Axis 2001 Profitability and positive cash flowachieved as planned in the secondhalf of 2001

  4. Weak market conditions Strong impact on IT and telecom industries Negative growth Big losses Big changes in valuations Year 2001

  5. Axis 2001 in short... Operating results 99/00 2000 2001 96/97 97/98 98/99 Q1 -02 Pro forma 2000 • Foundation set for continued profitable growth • Operating profit achieved in the second half of 2001 • Q1 2002 shows continued positive development

  6. Sales increased by approx. 5% including currency effects Improved gross margins Reduced costs Restructuring measures Factors contributing to profitability

  7. Core offerings • World class solutions for easy-to-use, secure and efficient communication over networks

  8. Axis´ offerings • Network Camera & Video Server • Worldwide #1 • Network Printing • Worldwide #2 • Network WirelessAccess • Network Scan & Store • Axis ThinServerTechnology

  9. A global player - 95% exported… Asia 23% EMEA 46% 31% Americas Sales by region

  10. Axis´ market segments Branded OEM NetworkedOffice NetworkedFacility Growing use of networks in new environments

  11. Business model – spreading risk Value addeddistributor Nationaldistributor OEM Reseller Axis End user

  12. A global distribution network • Distributor partnerships • Between 500 and 1,000 worldwide • Reseller & Integrators partnerships • Between 50,000 and 100,000 worldwide

  13. Ingram Micro Azlan Adimpo MicroP Allnet Fibrenetix NSM Storage EET Nordic Canon SONY Honeywell Securitas Minolta - QMS Panasonic A growing customer base Some of our distributors and OEM partners

  14. 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

  15. First QuarterJanuary - March 2002

  16. First Quarter 2002 Stable foundation for profitable growth

  17. 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

  18. Sales Q1 2002 Sales by Product Group Branded vs. OEM sales Access 1% Other 8% Scan 2% Store 5% 41% Video 75% 25% OEM Branded Print 43%

  19. EBIT by Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2000 2001 -02 Pro forma 2000 • R&D overall • 31 MSEK in Q1 • Operating margin 6.5% • Profit margin 8.3%

  20. Sales per Quarter Ongoing operations, MSEK

  21. Liquid funds MSEK

  22. Market trends • Generally weak market conditions expected to remain at least until mid-2002 • Slightly increased activity in markets

  23. Outlook 2002 • Continuous profitability and positive operational cash flow • On track for a stronger position and profitable growth

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