ÅRSSTÄMMA 2017 IMINT INTELLIGENCE AB 8 maj Andreas Lifvendahl, VD
Where we are ▪ Strategy taking off ▪ Competitive base offering ▪ Customer wins & healthy pipeline ▪ 4 quarters of sales and growth Complexity ▪ Critical level of competence ▪ Solid road map Development Start-up Growth Expansion Maturity Time
Retro perspective – a lot in 15 months Dec 2 015 May 2 016 Oct 2 016 Jan 2 017 April 2 017 IPO at Dev 3 yr license Dev 3 yr license Aktietorget contract agreement contract agreement with with Huawei with with Sharp Huawei Samsung 16 27 employees employees April 2 016 June 2 016 Jan 2 017 Feb 2 017 Office in License First smart- License China agreement phone, Mate 9 agreement with with BQ (Huawei) Wiko and first smartphone with Live Auto Zoom
Highlights 2016 ▪ 2,3 MSEK in Sales ▪ 2 customers, BQ and Huawei ▪ 2 new members in executive team ▪ Established office in China with 2 employees ▪ Rights issue in October ▪ Video Stabilization well received by clients ▪ Live Auto Zoom getting ready for integration ▪ Auto Curate in development phase ▪ Organization growing step by step
Highlights Q1 2017 ▪ Net Sales of 2,0 MSEK (0,0 in 2016) ▪ Healthy cash position of 48,8 MSEK (20,9) ▪ Samsung, Wiko and Sharp so far in 2017 ▪ Video Stabilization among best in class ▪ Live Auto Zoom being integrated at Wiko ▪ New Marketing Director starting in May ▪ Move to new office in Uppsala end of summer
Business Update 1/2 ▪ Samsung – Development agreement in 3 phases (0,8 MSEK) – Phase 1 concluded and successful – Project currently halted ▪ Huawei – Building a solid relationship – Has helped our reputation – Continued strong focus on confidentiality clause ▪ BQ – 2 new models with Vidhance Video Stabilization launched later in Q2, Aquarius X and Aquarius X pro.
Business Update 2/2 ▪ Wiko – Two new models, WiM and WiM lite released at MWC Barcelona – Includes Video Stabilization and Live Auto Zoom. Currently being integrated in Wikos platform. – Launch planned Q2-Q3 ▪ Sharp – 3-year License and Support Agreement on Video Stabilization – First customer in Japan (with Foxconn-parent) – The agreement does not cover other features
Product update ▪ Video Stabilization – Mature, stable and very competitive ▪ Live Auto Zoom – Being integrated in the first product ▪ Auto Curate – Development phase ▪ New areas – Exploring
Customer overview – rapid changes Others Nokia HTC RIM Sony Xiaomi vivo OPPO Huawei ZTE Lenovo LG Apple Samsung 100% 3 90% 80% 70% 60% 1 50% 5 40% 30% 4 20% 2 10% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 '10 '10 '10 '10 '11 '11 '11 '11 '12 '12 '12 '12 '13 '13 '13 '13 '14 '14 '14 '14 '15 '15 '15 '15 '16 '16 '16 '16 Source: statista.com
Business model ▪ Direct sales approach towards smartphone providers ▪ Pricing based on royalty fee per unit – Will vary based on volume, model and Vidhance function – Invoicing based on royalty report from customer ▪ Also license fees, integration services and support contracts Development License Customization Product Evaluation agreement agreement & integration launches • Qualifying software • Decision to initiate • Decision from • Customization and • Product launches • Evaluations of joint project customer to use integration of with Vidhance several vendors • Additional testing Imint’s solutions in Vidhance into included and development its device(s) customer’s device(s) • Royalties
Financial Performance Q1 2015-2017 Net Sales EBIT Gross Cash 2,5 0,0 60,0 Q1 15 Q1 16 Q1 17 50,0 -0,5 2,0 40,0 -1,0 1,5 30,0 -1,5 1,0 20,0 -2,0 0,5 10,0 -2,5 0,0 0,0 Q1 15 Q1 16 Q1 17 Q1 15 Q1 16 Q1 17 -3,0 All figures in MSEK Solid growth, improved bottom line and healthy cash position
Key Ratios Overview Q1 17 Q1 16 2016 Key Ratios (TSEK) Net Sales 1 990 0 2 327 Capitalized Development 4 004 2 055 11 673 Operating Expenses -8 351 -4 666 -22 058 EBIT -2 339 -2 612 -8 092 Cash flow -4 099 110 32 154 Equity Ratio 89% 83% 92% Number of employees (end of period) 27 17 25 Earnings per share, kr -0,26 -0,33 -0,99
Net Sales Q1 2015-2017 MSEK 2,5 2,0 1,5 1,0 0,5 0,0 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Significant YoY growth. Sequential growth of 14%
Headcount Development 2014-2017 30 Number of full time 25 employees (including consultants) 20 15 10 5 0 Dec 2014 Dec 2015 Dec 2016 Mar 2017 Development Sales & Marketing Management & Oth
Key Takeaways 1. Customer wins proves our product portfolio is competitive 2. Smartphone market huge and highly competitive – camera important differentiator 3. Focus on smartphone providers, may enter new segments mid- to long term 4. Growing organization and increasing competence step by step 5. Solid finish of 2016 – in line with IPO plan and good start of 2017
Commercial Break 1. Vidhance Overview 2. Vidhance Video Stabilization
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