TRANSFORMING WIRELESS WISDOM INTO SOLUTIONS Presentation by CEO - - PowerPoint PPT Presentation

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TRANSFORMING WIRELESS WISDOM INTO SOLUTIONS Presentation by CEO - - PowerPoint PPT Presentation

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Copenhagen | 15 March 2019 TRANSFORMING WIRELESS WISDOM INTO SOLUTIONS Presentation by CEO Peter Rpke DISCLAIMER This presentation contains statements regarding expectations for the future development of RTX A/S, in particular the

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TRANSFORMING WIRELESS WISDOM INTO SOLUTIONS

Copenhagen | 15 March 2019

Presentation by CEO Peter Røpke

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This presentation contains statements regarding expectations for the future development of RTX A/S, in particular the direction of future product development, future sales, operating profits and business expansion. Such statements are subject to risks and uncertainties as various factors, many of which are outside the control of RTX, may cause the actual development and results to differ materially from the expectations expressed directly or indirectly in this presentation. Factors that might affect such expectations include, among others, rapid technological changes and evolving markets, overall economic and business conditions, fluctuations in currencies, demand for RTX’s services, competitive factors in the market and uncertainties concerning possible investments.

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DISCLAIMER

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STRENGTH PROFILE

RTX has has a: a:

  • Sus

Sustained foc

  • cus on
  • n sha

shareholder valu lue - CFFO invested in value creation or paid back to the shareholders.

  • Le

Leverage opp

  • pportunity within the current business setup.
  • Proven abil

ability to develop, innovate and manufacture customized solutions.

  • Mark

arket-leading pos positio ion in wireless solutions.

  • Hig

High pr profitabilit ity, that can be maintained with the right product mix.

  • Soli

Solid bu business ss mod

  • del with high degree of recurring revenue from loyal customers.
  • Ded

Dedicated gr growth strategy - focus on 4 business areas: Enterprise, Headset, ProAudio and Healthcare.

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  • 1. RTX @ a glance
  • 2. Focused strategy
  • 3. Q1 results according to plan
  • 4. Outlook 2018/19 maintained
  • 5. Q&A session

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AGENDA

Peter Røpke President & CEO

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RTX Presentation FY 2017/18 - 30 November 2018

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RTX @ A GLANCE

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RTX is a global company with 25 years of extensive experience and knowledge in design of advanced wireless short-range radio systems and products. Our heritage has provided us with a unique combination of software and hardware capabilities through which RTX manages projects for globally recognized customers, from conceptualization to finished products and modules.

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RTX @ A GLANCE

100 200 300 400 500 201 013/1 3/14 201 014/1 4/15 201 015/1 5/16 201 016/1 6/17 201 017/1 7/18 5 10 15 20 25 Revenue Growth %

REVENUE & & GRO ROWTH

6 DKKm %

20 40 60 80 100 201 013/1 3/14 201 014/1 4/15 201 015/1 5/16 201 016/1 6/17 201 017/1 7/18 15 16 17 18 19 20 EBITDA EBITDA %

EB EBITDA & & EB EBITDA-MARGIN

DKKm %

5 10 15 20 201 013/1 3/14 201 014/1 4/15 201 015/1 5/16 201 016/1 6/17 201 017/1 7/18 20 40 60 80 100 EBIT EBIT-margin

EB EBIT & & EB EBIT-MARGIN

DKKm

1993 +1,000 264

ISO 9001

Founded in 1993 and headquarter in Denmark Projects completed FTE employees by 30 September 2018 Globally certified since 2017

%

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KEY FACTS 2017/18

7

DKK 475m

(+10% growth)

REVENUE

DKK 323m DKK 325m

(+12% growth)

RE REVE VENUE E BY Y BUSI SINESS ARE AREA

ENTERPRISE

REVENUE EUROPE DKK291m (-4% growth)

REVENUE NORTH AMERICA DKK 73m (+21% growth)

REVENUE AFRICA DKK 6m (+26% growth)

REVENUE ASIA AND PACIFIC DKK105m (+63% growth)

RE REVE VENUE E BY Y GEOGRAPHY DKK 2m

HEADSETS

DKK 123m DKK 150m

(+4% growth) PROAUDIO

DKK 27m

HEALTHCARE

DKK 83m

(+8% growth)

EBITDA

DKK 75m

EBIT

17%

EBITDA-MARGIN

74%

EQUITY RATIO

BUSINESS COMMUNICATIONS DESIGN SERVICES

(+4% growth)

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WHAT WE DO

Enterprise

In the Enterprise segment, RTX designs, develops, and supplies wireless IP telephony solutions used in communication systems for professional use, e.g. in office environments, call centers, retail or storage facilities etc. The wireless IP telephony solutions are supplied on both an ODM and an OEM / white label basis.

Headsets

The RTX headset range for call centers & offices consists of several different models from high-end to low-end, supporting customer demand for high quality and deep integration.

ProAudio

With years of experience in ProAudio design, development and manufacturing, RTX has gained the expertise to deliver incredible sound quality in high-density RF environments as well as in challenging radio environments having high inter- symbol interference.

Healthcare

In the Healthcare segment, RTX is involved in the development, design and supply of wireless modules and products used for continuous patient monitoring in hospitals as well as the design of wireless solutions for projects in assisted living such as hearing aid accessories.

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HOW WE WORK

Taking a customer-centric approach, understanding market trends and acting as a professional partner is an integral part of how we do business at RTX. We believe that we provide a true value proposition and best results when collaborating closely with our customers – either through projects or in ODM or OEM solutions.

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SPECIFICATION AND DESIGN DEVELOPMENT AND INTEGRATION TESTING AND CERTIFICATION PRODUCTION AND SUPPLY CHAIN MANAGEMENT

At RTX, we start by converting customers’ requirements and user needs into a Product Requirement

  • Specification. Our engineering teams

then design a solution that is based on the right combination of mechanics, hardware and software. Combined with

  • ur list of patented solutions and in-

house developed protocols, we promise

  • ur customer a compelling result.

Following agile development practices, we develop prototypes to evaluate system performance in-

  • house. We integrate each design at

system level so that every component and sub-system works perfectly, evaluating performance against test cases for the fully integrated system. Based on years of experience,

  • ur in-house pretest services

reduce your time to market and lower approval and certification

  • costs. If required, we can also

handle the full type approval service for our customers. Using a well-established network of ISO9001, SO14001, ISO13485, TS16949 and AS9100 certified manufacturers, we guarantee a production through the entire product life- cycle.

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WHO WE WORK FOR

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RTX Presentation FY 2017/18 - 30 November 2018

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FOCUSED STRATEGY

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Expand leadership in Enter erpris ise

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FOCUSED STRATEGY

Strengthen position within He Healt lthcare Establish a presence in He Headsets Secure unique position in Proaudio

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EXPAND LEADERSHIP IN ENTERPRISE

“ In Enterpri

rise Communications, we will supply wireless product solutions to large enterprises and SMEs in the Telco market. RTX already has a strong position and by retaining our focus on developing new product platforms, we are confident that we will be able to continue to win market share and further consolidate our market-leading position as a supplier of enterprise handsets.

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ESTABLISH A PRESENCE IN HEADSETS

“Business Hea

eadsets is an adjacency expansion, leveraging on our strong position within the Enterprise segment. By adding headsets to the existing RTX portfolio, we are enabling deep integration into our partner’s Enterprise Communication

  • solutions. Additionally, we expect to attract

new customers with RTX’s highly efficient ODM model. All in all, we believe that the business headset segment will become a growth engine for RTX in the coming years.

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SECURE UNIQUE POSITION IN PROAUDIO

“We have developed wireless solutions for the

Pro rofessional l Aud udio segment for many years. Our key focus is on solutions for microphones & stage equipment, intercom systems and gaming. Over the coming years, we expect to develop our position further, both via our traditional design service offerings of full custom solutions and via more modularized platforms, which enable shorter time-to-market and lower entry barriers for our partners.

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STRENGTHEN POSITION WITHIN HEALTHCARE

“In Hea

ealt lthcare re, we are involved in the development, design and supply of different wireless modules and products used primarily for continuous patient monitoring. We expect to rely on this cornerstone to continue to deliver steady growth in our healthcare niche business; working with both existing and new partners.

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RTX Presentation FY 2017/18 - 30 November 2018

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Q1 RESULTS ACCORDING TO PLAN

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Q1 RESULTS ACCORDING TO PLAN

Enter erprise: Mass production of handset started for major framework agreement signed in Q3 2017/18.

RTX Presentation FY 2017/18 - 30 November 2018

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He Headset: : Good momentum in headset production and sales with major customer launch in December 2018. ProAudio: : Good progress in e-sport offerings. Corsair made a public launch of their first product based on our gaming platform. He Healt lthcare: Initiated projects develop as expected.

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GROUP HIGHLIGHTS FROM Q1 2018/19

REVENUE

19 DKKm

EB EBITDA

DKKm

Q1 Q1 201 014/1 4/15 Q1 Q1 201 015/1 5/16 Q1 Q1 201 016/1 6/17 Q1 Q1 201 017/1 7/18 Q1 Q1 201 018/1 8/19 5 10 15 20

EB EBIT

DKKm

DKK 116m

REVENUE

DKK 11m

EBITDA EBIT

78%

EQUITY RATIO

9%

EBITDA-MARGIN

DKK 8m

Q1 Q1 201 014/1 4/15 Q1 Q1 201 015/1 5/16 Q1 Q1 201 016/1 6/17 Q1 Q1 201 017/1 7/18 Q1 Q1 201 018/1 8/19 20 40 60 80 100 120 Q1 Q1 201 014/1 4/15 Q1 Q1 201 015/1 5/16 Q1 Q1 201 016/1 6/17 Q1 Q1 201 017/1 7/18 Q1 Q1 201 018/1 8/19 5 10 15 20

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RTX Presentation FY 2017/18 - 30 November 2018

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OUTLOOK 2018/19 MAINTAINED

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  • As described in the section concerning risk management, RTX is relatively highly exposed to foreign

currencies, as a considerable part of the revenue is settled in US dollars.

  • With the above major risk element in mind Executive Management expects a revenue in the range of DKK

520-550 million, EBITDA in the range of DKK 85-100 million and EBIT in the range of DKK 65-80 million for the financial year 2018/19.

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OUTLOOK 2018/19 MAINTAINED

DK DKK mill illion Resu esult 20 2014 14/15 Resu esult 20 2015 15/16 Resu esult 20 2016 16/17 Resu esult 20 2017 17/18 Outl utlook 20 2018 18/19

Net Revenue 349.5 395.6 433.5 475.3 520-550 EBITDA 59.0 70.0 77.2 83.1 85-100 EBIT 52.3 65.8 72.3 74.9 65-80

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WHY INVEST

RTX has has a: a:

  • Sus

Sustained foc

  • cus on
  • n sha

shareholder valu lue - CFFO invested in value creation or paid back to the shareholders.

  • Le

Leverage opp

  • pportunity within the current business setup.
  • Proven abil

ability to develop, innovate and manufacture customized solutions.

  • Mark

arket-leading pos positio ion in wireless solutions.

  • Hig

High pr profitabilit ity, that can be maintained with the right product mix.

  • Soli

Solid bu business ss mod

  • del with high degree of recurring revenue from loyal customers.
  • Ded

Dedicated gr growth strategy - focus on 4 business areas: Enterprise, Headset, ProAudio and Healthcare.

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Q&A SESSION

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NEW CFO AS OF APRIL 1, 2019

Morten Axel l Peter ersen Morten Axel Petersen has been appointed CFO at RTX A/S from April 1, 2019. Morten has a master degree in Strategy and Management from Aarhus School of Business, and he comes from a position as Group Chief Finance & Strategy Officer at Bladt Industries A/S.

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THANK YOU FOR YOUR ATTENTION

Further information, please contact President and CEO Peter Røpke at +45 9632 2300

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