Cybercom Group: Local Presence, Global Reach - Presentation of Year End Report 2009
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Transcript of Cybercom Group: Local Presence, Global Reach - Presentation of Year End Report 2009
Presentation of Year End Report 2009
2010-02-10 Year End Report 20091
• 11.0% EBITDA margin for Q4 2009• 52.3% equity/assets ratio• Improved cost-efficiency• Growing proportion of Nordic public sector
assignments• Breakthrough with the major operators in
Asia and Middle East • Growth in Asia with 61%• Wider geographic presence, three new sites
– Katowice, New Delhi and San Jose
• Action programme• Goodwill write-down• New share issue of SEK 100 million implemented• Offset issue
After year end • Adaption of operations in southern Sweden, layoffs announced affecting 80 people
Improved margins in Q4 and many new deals
2010-02-10 Year End Report 20092
• Market still in recession, but some sun is shining through
• Nordic market more positive and buying pattern is foreseen to change in 2010
• Important to follow customers to their strategic sites
• Market in general more and more competitive
• Price pressure stabilized
• Global sourcing capabilities mandatory in private frame agreements
• Mobile services is the fastest growing area in IT sector– Google, Palm, Blackberry, Facebook, Apple– Smart phones is main growth sector for the mobile
handset manufacturers– Increases ARPU and data traffic volume for mobile
network operators– Suppliers can sell more upgrades @ new speed levels
The market
2010-02-10 Year End Report 20093
• New customers in Q4 include the European Aeronautic Defence and Space Company, EnterCard, HSB, Kapsch TrafficCom, and Scalado
• Major assignments– Android project with China Mobile Wireless
Music R&D centre– Telecom interoperability field tests for mobile
network in Poland– Test of mobile platforms in India, Bangalore– Design of next-generation radio base station from
a leading network equipment provider, Poland
• Partnership with Nokia Qt– Qt development assignments won from customers in the US,
from LG Nortel in Korea and Sunniwell in China
• Preferred supplier to Ericsson and Sony Ericsson
Many new deals
2010-02-10 Year End Report 20094
• Increase in public sector in the Nordics 2009
• New agreements with– Danish National IT and Telecom Agency,
Elsparefonden and the Danish Tax Agency– YLE (Finland’s public service company for
radio and television), Itella (postal services) Helsingin Energia and City of Tampere
– Swedish Board of Agriculture, Posten (postal services), the Swedish Board for Study Support, The National Government Employee Pensions Board and the Swedish Social Insurance Agency, The National Board of Health and Welfare
• In 2010 many outsourcing contract will be released to the market
• Public sector business is stable and long term
• Frame agreement prerequisite for business
The importance of public sector
2010-02-10 Year End Report 20095
• Major breakthrough in winning new clients in emerging markets• Delivering projects to the market leader in six countries in Asia and Middle East,
including the three biggest telecom markets in South and South East Asia • Long relations with Millicom and running projects for Tigo in Africa
Successful sales in emerging markets
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Increase in public sector and stability in telecoms
2010-02-10 Year End Report 20097
4%
16%
11%
11%
11%
47%
Revenue per sector - Q4'09
Bank & Finance
Public Sector
Industry
Other
Telecom - Operators
Telecom - Suppliers
4%
16%
11%
11%
11%
47%
Revenue per sector - Q4'09
Bank & Finance
Public Sector
Industry
Other
Telecom - Operators
Telecom - Suppliers
3%
14%
12%
13%
12%
46%
Revenue per sector - 2009
Bank & Finance
Public Sector
Industry
Other
Telecom - Operators
Telecom - Suppliers
Local presence - Global reach
8 Year End Report 2009
Cybercom USA
Cybercom Sweden
Cybercom Finland
CybercomDenmark
CybercomPoland
CybercomRomania
CybercomMEA
JVC CybercomDatamatics
CybercomSingapore
CybercomChina
Cybercom Estonia
2010-02-10
Full year 2009
2010-02-10 Year End Report 20099
2009 2008
Sales MSEK 1 751.6 1 781.1
EBITDA 144.1 193.8
EBITDA % 8.2% 10.9%
EBIT MSEK -177.7 156.0
EBIT % -10.1% 8.8%
Underlying EBIT 7.8% 9.1
Underlying EBITDA 10.2 11.2
• Goodwill write-down of SEK 280 million
• New share issue of SEK 100 million
• Offset share issue of SEK 27.7 million
• Restructuring costs totalling SEK 28.2 million
Q4 2009
2010-02-10 Year End Report 200910
Q4 2009 Q4 2008
Sales MSEK 446.3 484.2
EBITDA 49.3 50.6
EBITDA % 11% 10.5%
EBIT MSEK 38.7 40.8
EBIT % 8.7% 8.4%
• Visible effect from cost-efficiency programs
– Improved margins EBIT and EBITDA
EBITDA, rolling 12 months
2010-02-10 Year End Report 200911
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Goodwill
Employees
Financials
2010-02-10 Year End Report 200912
• Although Cybercom has substantial goodwill and bank loans, this is an
effect of a fundamentally very positive development.
auSystems700 employees
Plenware550 employees
Loan situation is temporary
2010-02-10 Year End Report 200913
• With a continued strong operating cash flow, Cybercom is amortizing the bank loans at a considerable pace.
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Cash flow RTM
• Qt for Nokia S60 • Mobile music app for
China Mobile• Mobile Wallet• Automotive App Store
Cybercom in MWC Barcelona 2010
2010-02-10 Year End Report 200914
• T-Mobile Menu• PlayNow Arena• TrackID• Android apps• UI concept demos
• Cybercom’s stand in Hall 1E19• 15-18 February• Welcome!
• Strong focus on profitability and cash flow• Benefit from the recession and take
market shares by being leaner, faster and even more sales and market oriented
• Leverage from our core offerings and a specialized, scalable global delivery organization
• Strengthen company presence on existing markets and continue to expand outside the Nordics through customer projects and selective recruitments
• Increase brand visibility for customers, present and future employees
The simple way forward
2010-02-10 Year End Report 200915
2010-02-10 Year End Report 200916