AXIS Communications- a world of intelligent networks

January-June 2002

AXIS Communications- a world of intelligent networks

January-June 2002

CEO Peter RagnarssonCFO Jörgen Lindquist

H1 2002

Continued profitability

Financial performance H1

Profitability and Positive Cash Flow… Operating profit improved by

SEK 110 M (comparable units) Positive EBIT margin for the rolling 12-month period: 3.9 % Cash flow from operating activities amounted to SEK 9 M

Highlights H1 2002

Continuous growth for Video; up 34 percent

Additional agreements with Honeywell and Canon

Several new products

Sales Q2 2002

Sales by Product Group

44% Video

Print 43%

Store 4%

Scan 2%Access 2%

Other 5%

Branded vs. OEM-sales

25% OEMBranded 75%

Sales Q2 2002

Ongoing operations

0

50

100

150

200

250

300

350

Q2 Accum

2001 2002MSEK

Sales 171 MSEK (168) Stable sales despite

weak market conditions

Video – Sales Q2 2002

Continued growth New products New agreements

Pro forma 2000

0

20

40

60

80

MSEK

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2000

Q1

2001 -02

Q2

Print – Sales Q2 2002

Weak market conditions New wireless print

serversupporting 802.11b

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20

40

60

80

100

MSEK

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2000

Q1

2001 -02

Pro forma 2000

Q2

EBIT by Quarter

Four consecutive quarters with positive EBIT Operating margin 5.5 %

Pro forma 2000

Q4

-80

-70

-60

-50

-40

-30

-20

-10

0

10

20EBIT Structural

MSEK

Q1 Q2 Q3 Q4 Q1 Q2 Q3

2000

Q1

2001 -02

Q2

Ongoing operations, MSEK

Sales per Quarter

0

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100

150

200

250

Q1 Q2 Q3 Q4

2000 2001 2002

Gross margin

0

10

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Q2-00

Q3-00

Q4-00

Q1-01

Q2-01

Q3-01

Q4-01

Q1-02

Q2-02

%

MSEK

Market trends

Signs of increased activity in cautious IT-market

Continued growth for Video Growing interest in surveillance and security Increasingly large investments Increasingly professional applications

Outlook H2, 2002

Continued weakness in the economy still impacts several markets in the beginning of H2

Goal of profitable development remains

This is Axis

World class solutions for easy-to-use, secure and efficient communication over networks