Fingerprint Cards Q Results

Transcription

1 Fingerprint Cards Q Results February 26, 2015

2 Q4 Summary

3 Key numbers from Q results Revenue Margins & profitability Market development Revenue of SEK 105 million, an increase of 59% q o q and an increase of 208% y o y 2014 revenue of SEK 234 million, an increase of 145% y o y Adjusted Gross Profit: SEK 46 million (SEK 19 million) Gross profit: SEK 34 million (SEK 15 million) EBITDA: SEK 16 million (SEK 11 million) EPS: loss of SEK 0.50 (loss of SEK 0.27) Oppo launched N3 featuring FPC1021 Surge in activity with leading smartphone OEMs to integrate touch fingerprint sensors in devices for launch 2015

4 Q and 2014 Results vs. guidance Q4 14 Guidance (1) Q4 14 Results Revenue SEK million SEK 105 million 2014 Guidance (1) 2014 Results Revenue SEK million SEK 234 million 1. Guidance as of 24/10/2014 Market launches postponed to 2015 resulted in revenues at lower end of interval for forecasted Q revenues

5 Financial outlook

6 2015 Outlook 2015 Outlook Revenue Q In line with Q Revenue 2015 > SEK one billion Fast adoption of touch fingerprint sensors amongst major OEMs Strong competitive position thanks to leading technology and long history in supplying large volumes of touch fingerprint sensors Credibility boost through positive market feedback of successful Android smartphones by Huawei and Oppo Revenues in 2015 back end loaded due to gradually increasing adoption and OEM launch plans Going forward, FPC will include announced as well as future design wins in the revenue forecast, which will be revised if needed.

7 Business update

8 Global Value TAM Strong preference for touch fingerprint sensors in smartphones and tablets drives value growth Apple have five devices launched with touch fingerprint sensors, full OS support and payment services. Apple s competitors are taking actions to enable similar propositions Strong market development for mobile payments using fingerprint sensors in China

9 Patent acquisition Patent acquisition announced October 13 FPC has a strong and growing patent portfolio covering FPC s fingerprint sensor technology Most significant technology protected by own patents Objective with patent acquisition has been to further strengthen and broaden patent portfolio

10 Recent market development Surge in interest from major OEMs to integrate touch fingerprint sensors in devices during 2015 Demand driven by competition from Apple, compelling use cases, especially mobile payments, and availability of touch fingerprint sensors providing great user experience Partnership announced with O Film O Film to market and sell fingerprint sensor modules using FPC s sensors, in particular in China Partnership announced with Atmel FPC and Atmel to develop unified offerings of fingerprint sensors and touchscreen solutions

11 Product announcements FPC1025 and FPC1155 introduced Enable higher performance and more flexible integration in OEM s devices FPC1025 and FPC1155 in mass production now FPC1140 and FPC1145 introduced Smallest touch fingerprint sensors introduced to date FPC1145 can be integrated on the side of the phone and can be combined with other functions such as a power button or a volume control button FPC1140 and FPC1145 in mass production in Q2 2015

12 Financial results

13 Financial development 2015 Revenue (SEK M) Adj. gross margin (%) Cash and cash equivalents (SEK M) EPS after dilution (SEK)

14 Quarterly financial development 2014 Q4 Revenue (SEK M) Adj. gross margin (%) Cash and cash equivalents (SEK M) EPS after dilution(sek)

15 Balance sheet highlights (SEK Millions) December 31, 2013 DECEMBER 31, 2014 Cash and Cash Equivalents Working Capital (1) Total Assets Total Debt (1) Working Capital: Total current assets less total current liabilities.

16 Financial statements

17 Income statement Q Income statement

18 Balance sheet Q Balance sheet

19 Cash flow statement Q Cash flow statement

20 Q&A