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AXIS Communications- a world of intelligent networks
Q1 2002
AXIS Communications- a world of intelligent networks
Q1 2002
CEO Peter RagnarssonCFO Jörgen Lindquist
Q1 2002
On track for profitable growth
Financial performance
Profitability and Positive Cash Flow… Operating profit improved by
SEK 43 M (comparable units) Third consecutive quarter with increased EBIT Increased operational efficiency Reduced capital tied up in operations
Highlights Q1 2002
Continuous growth for Video Several new agreements Additional OEM-partnership New products Expanding global distribution
network
Axis 2002
Strengthened market positions
Strong technology platform
Broad product portfolio Proven business model
spreading risk Increasing profitability
and positive cash flow
Network Camera & Video Server
Worldwide #1
Markets and market positions
Network PrintingWorldwide #2
Network Scan & Store
Network WirelessAccess
Axis ThinServerTechnology
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%
Sales
Ongoing operations
0
50
100
150
200
Q1 Accum
2001 2002
MSEK
Q1 2002 Sales 164 MSEK (164) Stable sales despite
weak market condition
Video – Sales Q1 2002
Continued growth +28% New product
- 2460 DVR New agreements
Pro forma 2000
0
20
40
60
80
MSEK
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2000
Q1
2001 -02
Print – Sales Q1 2002
Weak market conditions New products,
wireless printing Additional distributor
partnerships
0
20
40
60
80
100
MSEK
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2000
Q1
2001 -02
Pro forma 2000
EBIT by Quarter
R&D overall¬ 31 MSEK in Q1 2002
Operating margin 6.5%
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
MSEK
Ongoing operations, MSEK
Sales per Quarter
0
50
100
150
200
250
Q1 Q2 Q3 Q4
2000 2001 2002
Gross margin
0
10
20
30
40
50
60
Q2-00
Q3-00
Q4-00
Q1-01
Q2-01
Q3-01
Q4-01
Q1-02
%
MSEK
Accounts receivables
Days of sales outstanding
0
10
20
30
40
50
60
70
80
Q1-00
Q2-00
Q3-00
Q4-00
Q1-01
Q2-01
Q3-01
Q4-01
Q1-02
0
10
20
30
40
50
60
70
80
90
Q1-00
Q2-00
Q3-00
Q4-00
Q1-01
Q2-01
Q3-01
Q4-01
Q1-02
Inventory
MSEK
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
This is Axis
World class solutions for easy-to-use, secure and efficient communication over networks
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