Financial report · IGC Industrial Growth Co. AB 10.4% 10.4% Fonden Thyra 3.1% 2.3% SEB Private...

32
Q1 2008 Olof Sand CEO and President

Transcript of Financial report · IGC Industrial Growth Co. AB 10.4% 10.4% Fonden Thyra 3.1% 2.3% SEB Private...

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Q1 2008

Olof SandCEO and President

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Proact in briefProact is a specialist company within services and solutions for storage and archiving

We have a dominating position

300 employees, of which about 200 within services

More than 1,700 customers in the Nordic & Baltic countries

Operations in 7 countries

Xperion

The Netherlands

We will employ 50 people to secure our growth

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Financial report

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Income statement Q1-2008(Mkr) Q1

2008Q1

2007System Sales 143.6Services 94.0 83.4

0.5238.1

Products and services -174.4 -157.8

Tax -2.3 -1.8

63.7Sales and marketing -31.7 -23.1

Profit before tax 8.0 5.6

Margin 3.4% 2.7%

Profit after tax 5.7 3.8

Administration -24.1 -20.0Operating profit 7.9 5.6Financial net 0.1 0.0

Net margin 2.4% 1.8%

122.9

Other 0.2206.5

48.7

Revenue

Gross profit

Comments versus last year

Revenue

•Total growth +15%

•Growth system sales +17%

•Growth services +13%

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Income statement 12 months(Mkr) Apr-Mar

2007/08Jan-Dec

2007System Sales 536.7Services 356.5 345.9

3.2

896.4Products and services -651.0 -634.4

Tax -9.3 -8.8

245.4

Sales and marketing -117.4 -108.8

Profit before tax 43.1 40.7Margin 4.8% 4.7%

Profit after tax 33.8 31.9

Administration -86.3 -82.2Operating profit 41.7 39.4Financial net 1.4 1.3

Net margin 3.8% 3.7%

516.0

Other 2.9

864.8

230.4

Revenue

Gross profit

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Revenue by industry Jan-Mar

Media6%

Other1%

Bank, Finance

9%

Manufact.21%

Commerce & Services

17% Public18%

Oil, Energy10%

Telecom18%

Jan – Mar 2008 Jan – Mar 2007

Media3%Other

2%

Bank, Finance

9%

Manufact.12%

Commerce & Services

18%

Public14%

Oil, Energy21%

Telecom21%

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Key ratios Balance Sheet

(MSEK) 2008Mar

31

2007Dec 31

468 5166813

15831%

67

67whereof Intangible fixed

assets29 14

15533%

56

2007Mar

31Total Assets 438

whereof Goodwill 64

Equity 149Solidity % 34%

Cash and bank 55

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Cash flow Jan-Mar 2008Liquid Funds Dec 31, 2007 67Cash-flow from current operations

Current operations +10

Fixed assets -3Acquisition -11

Cash-flow from financial activities -4Buy-back of shares -8

-3Cash-flow from investment activities -14

Other +4

+7

Change in working capital

Change in liquid funds -11Liquid Funds Mar 31, 2008 56

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Revenue and result profit before taxQ1

2008Q1

2007

Netherlands - -3.3 Neg

Group 238 8.0 3.4% 206 5.6 2.7%

(Mkr) Revenue P.b.t Net margin

Revenue P.b.t Net margin

6.9% 0.9%5.6%4.6%0.0%

Latvia 4 0.0 0.0% 5 0.3 5.9%

Other -4 -1.7 -1 -0.9

1.6%

5.3%0.7%3.0%

15.4%

0.73.22.20.0

0.1

79574812

6

7.02.80.30.9

2.0

101534130

13

SwedenNorwayFinlandDenmark

Lithuania

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PROACT share – Top 10 owners

200831 March

2007 31 Dec

Sigal Ltd. 13.7%IGC Industrial Growth Co. AB 10.4% 10.4%

Fonden Thyra 3.1% 2.3%

SEB Private Bank SA 1.3% 3.3%

Marit Fagervold 2.0% 2.0%Länsförsäkringar Småbolagsfond 1.7% 1.7%

Skagen AS 8.2% 7.7%8.2%4.3%

Unionen 3.5% 3.5%

43.8%

100 %

11.8%

Skandia Liv 8.2%Nordeas Fonder 4.1%

Others 45.0%

100 %Total

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Company Update

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Market Situation

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New Vocabulary: Information Measurements

1 Megabyte =1 million bytes a small novel1 Gigabyte =1 billion bytes Beethoven’s 5th Symphony1 Terabyte =1 trillion bytes all x-rays in a large hospital1 Petabyte = 1,000 terabytes half the contents of all U.S.

academic research libraries1 Exabyte = 1,000 petabytes 5 exabytes = all the words

people have ever spoken1 Zettabyte = 1,000 exabytes As much info as there are

grains of sand on all theworld’s beaches

1 Yottabyte = 1,000 zettabytes As much info as there areatoms in 7,000 human bodies

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Source: IDC, March ‘08

The Vast Digital Information Universer

281 billion GB

1 800 billion GB

0

500

1 000

1 500

2 000

2005 2006 2007 2008 2009 2010 2011

Bill

ion

Gig

abyt

es

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Putting the Size of the Digital Universe in Perspective

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The Size of the Digital World in 2007 =281 Billion GB

1 book = 1 megabyte

Enough books to cover all ofBelgium to a depth of 5.4 meters

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The Size of the Digital World in 2011 = 1,800 Billion GB

Enough books tocover all of Belgium19.69 meters deep

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The Plummeting Price of Storage andIncreasing Capacity of Storage Devices

1990

2000

2005 $20

Price perGigabyte

$20,000

$250

Source: EMC.

Over the last 15 years,the cost effectiveness of disk drives

grew 125 times faster than that of processors.

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Examples of Where Digital Information Comes From

Devices / Subscribers Unit Quantity in 2006

By 2010, the installed base of devices and subscribers will be 50% larger

Digital cameras 400 MCamera phones 600 MPCs 900 MAudio players 550 MInternet users 1.1 BMobile subscribers 1.6 B

Source: IDC, ‘07

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The Challenge of Information Security

Yet fewer than one out of every five companies believes its data is safe

This year we can expectmore than 200,000

cumulative unique variants in malware –a 10x increase over the last five years.

>100M records have been stolen since April 2005

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The Challenge of Information Compliance

HIPAAFreedom of Information Act of 2000

SEC 17a-4

Sarbanes-OxleyUS Patriot Act

eSign Act GLBA

Rev. Proc 97-22

MoReq CRFB - FranceBaFin – Germany Basel II

Data Protection Act of 1998

NASD 3010

UK Metadata FrameworkDicom

ISO 15489-221 CFR Part 11

DoD 5015.2

FERC Part 125

Adhering to External Rules, Internal Policies and Good Business Practices . . .

with the ABILITY to Prove It

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The Challenge to Increase Productivity and Efficiency

Today’s data center

Hundreds of millions of dollars in capital equipment

Consumes largeamounts of electricity

Requires hundreds of highly skilled engineers and technicians to operate

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ConclusionThe challenge to:Find

ProtectManage

Be efficientBe compliant

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Our own way for growth….

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Our Vision:

To be the Leading, independent Storage and Archiving integrator in Northern Europe

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Why size is important

To help our customers

To scale and develop our portfolio

To attract the best people

To get more efficiency out of our purchase

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Our development

More

Better

Faster

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Information

-OS-Network/Security

-Database

-Server

ManagedServices

Deploy

Develop

Design

Operate

SupportingCompetencies

SupportingServices

-Backup/Recovery

-Archive

-Storage

We secure mission-critical information

The combination is the key

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200 people within services

Proact 24/7 services

1,600 support contracts

Northern European support organization

Support creates tight links to the customer

Support = Insurance

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Our support process is the base for Selective outsourcing

Combined with Proact Finance

1,600 potential outsourcing contracts

Northern European organization

Selective outsourcing creates even tighter links to the customer

Support => Selective Outsourcing

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Partners / VendorsProact will continuously develop its portfolio of strategic vendors

Big and market leaders in their respective areasNiche vendors coming with improved technologies

NetApp: Market leader within NASEMC: Broad vendor within StorageDataDomain: Niche vendor within Storage. New technologiesCaringo: Niche vendor in CAS archiving TechnologySymantec: Broad software vendor within Storage and SecuritySensage: Focused vendor for log management, i.e. CDR and PCI archivingSun: Strong vendor within Servers and StorageHitachi: Focused vendor within StorageRiverbed: Niche vendor for WAN acceleration for remote office consolidationBull: Strong vendor within Servers and Storage Acopia: Niche vendor for Global File systems

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The message is …

SUSTAINABLE INFORMATION STORED ON A ROCK SOLID PLATFORM – DELIVERED BY PROACT

WE SECURE MISSION-CRITICAL INFORMATION