AXIS Communications a world of intelligent networks Q1 2002

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AXIS Communications- a world of intelligent
networksQ1 2002

• CEO Peter RagnarssonCFO Jörgen Lindquist

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Q1 2002
On track for profitable growth
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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

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Highlights Q1 2002

• Continuous growth for Video
• Several new agreements
• Additional OEM-partnership
• New products
• Expanding global distribution network

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Axis 2002

• Strengthened market positions
• Strong technology platform
• Broad product portfolio
• Proven business model spreading risk
• Increasing profitability and positive cash flow

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Markets and market positions
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Sales Q1 2002
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Sales
Ongoing operations

• Q1 2002
• Sales 164 MSEK (164)
• Stable sales despite weak market condition

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Video Sales Q1 2002
Pro forma 2000

• Continued growth 28
• New product - 2460 DVR
• New agreements

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Print Sales Q1 2002
Pro forma 2000

• Weak market conditions
• New products, wireless printing
• Additional distributor partnerships

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EBIT by Quarter
Pro forma 2000

• RD overall
• 31 MSEK in Q1 2002
• Operating margin 6.5

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Sales per Quarter
Ongoing operations, MSEK
13
Gross margin
MSEK
14
Accounts receivables
15
Inventory
MSEK
16
Liquid funds
MSEK
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Market trends

• Generally weak market conditions expected to
  remain at least until mid-2002
• Slightly increased activity in markets

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Outlook 2002

• Continuous profitability and positive operational
  cash flow
• On track for a stronger position and profitable
  growth

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This is Axis

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