AXIS Communications a world of intelligent networks JanuaryJune 2002

1
AXIS Communications- a world of intelligent
networksJanuary-June 2002

• CEO Peter RagnarssonCFO Jörgen Lindquist

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H1 2002
Continued profitability
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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

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Highlights H1 2002

• Continuous growth for Video up 34 percent
• Additional agreements with Honeywell and Canon
• Several new products

5
Sales Q2 2002
Sales by Product Group
Access 2
Other 5
Scan 2
Store 4
44
Video
Print
43
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Sales Q2 2002
Ongoing operations

• Sales 171 MSEK (168)
• Stable sales despite weak market conditions

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Video Sales Q2 2002
Pro forma 2000

• Continued growth
• New products
• New agreements

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2000
2001
-02
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Print Sales Q2 2002
Pro forma 2000

• Weak market conditions
• New wireless print serversupporting 802.11b

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2001
-02
2000
9
EBIT by Quarter
Pro forma 2000

• Four consecutive quarters with positive EBIT
• Operating margin 5.5

Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
2000
2001
-02
10
Sales per Quarter
Ongoing operations, MSEK
11
Gross margin
MSEK
12
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

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Outlook H2, 2002

• Continued weakness in the economy still impacts
  several markets in the beginning of H2
• Goal of profitable development remains

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This is Axis

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