Opera - Simply The Best Internet Experience. 4Q05 Results. February 20, 2006

Transcription

1 4Q05 Results February 20, 2006

2 Profit and loss account 4Q05 PROFIT AND LOSS ACCOUNT (Figures in TNOK) Fourth Quarter Revenues, PC/Desktop Revenues, Internet Devices Other income Full year Total Operating Revenues Payroll and related expenses Depreciation and amortization Other operating expenses Total operating expenses Earnings Before Interest and Tax ( EBIT ) Net financial items Earnings Before Tax ( EBT ) Taxes Earnings After Tax ( EAT ) Earnings per share Earnings per share fully diluted

3 Highlights Fourth Quarter 2005 Opera Mini launched globally More than 1,400,000 downloads and users since launch 6.1 million mobile phones sold with the Opera browser in 4Q05, compared to 3.0 million units in 4Q million phones included the Opera browser in 2005, compare to 8.8 million in 2004 Nine new handsets announced since last quarterly presentation Motorola ROCKR and A1200 Sharp W-Zero3 Hitachi W41H Casio W41CA Nokia 9300i Sony-Ericsson W950, M600 and W41S Nintendo to include the Opera browser in the Nintendo DS offering The Opera browser for Nintendo DS will be sold as a DS card

4 Number of phones sold to end-users Per year Per quarter Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05

5 Costs related to option program per quarter (NOK) Q1 Q2 Q3 Q : MNOK : MNOK 8.5

6 Growth trend confirmed Per year* Per quarter* Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 Operating income EBIT Operating expenses Operating income EBIT Operating expenses *: Excluding income and cost related to settlement of MNOK 87.6 in 2Q04

7 Balance sheet 4Q05 BALANCE SHEET (Figures in TNOK) Assets Deferred taxes Goodwill Tangible assets Other current assets 31. December Cash and cash equivalents Total assets Liabilities & equity Paid in capital Retained earnings Short-term liabilities Total liabilities & equity

8 Financial outlook Strong revenue growth to continue in 2006 Mobile Phones will be the main value driver in 2006 Investment in additional OS and UI s, will pay off in 2006 Royalty income will keep increasing Home media market expected to become increasingly important Several mass market devices expected launched in 2006 Operating cost expected to continue to grow in 2006, but at a somewhat lower rate than in 2005 Motorola ROKR E2

9 Mobile Business Unit

10 The goal is to double the number of phones announced in 2006 Motorola A1200 Sharp W-ZERO3 Nokia 9300i *: Only in Cingular s network **: Only in T-mobile s network Toshiba W32T Sony Ericsson P990 Nokia 6630** Kyocera WX 300K Kyocera WX 310K Kyocera AH-K3002V Nokia N70 Nokia N90 Nokia 7710 T-Mobile SDA II Casio W21CA Motorola E895 Nokia 6620* Motorola E680i Nokia 9300 Hitachi W32H Motorola A780 Nokia 6682 Sony Ericsson P910 Nokia 6681 Motorola A1000 Nokia 6680 Sendo X Nokia 7610 Toshiba W31T Sony Ericsson W950 Nokia 6600 Nokia 9500 Casio W31CA Sony Ericsson M600 Sony Ericsson P900 BenQ P30 Casio W21CA II Hitachi W41H Sharp Zaurus Motorola A920 Nokia 7700 ZTE e3 Casio W41CA Psion Revo Sharp Zaurus Kyocera PS 900 Motorola M1000 Sony Ericsson W41S Nokia 9210 Sony Ericsson P800 Sharp SL Motorola A Motorola ROCKR 2006

11 Key findings of Opera Mini More than 1,400,000 unique users since launch Approx. 200 million pages downloaded Page compression of 10-15% of actual size Opera Mini makes data ARPU grow significantly Norway s Opera Software, recently unveiled what s quickly become recognized as the best cellphone Web browser yet, known as Opera Mini Matthew Maier, CNN.com This is a really big breakthrough for the mobile space. Michael Gartenberg, Jupiter Research

12 Opera Mini - free version Opera distributes Opera Mini free of charge to the end user and distributors The free version is available in various languages and content is customized per region / country Google is the default search engine Opera defines the content of the start page. This real estate will be commercialized Sony Ericsson W800

13 Opera Mini customized version Opera offers custom builds of Mini For customers that wish to adapt content to own mobile strategy Custom builds are distributed by the customer Alternatives include customization of; Bookmarks and links in the fromt page Start page Corporate branding

14 What the future will bring The future browser will do lot more than just browsing will let users interact with information in new ways will run dynamic applications like clients, games, tickers, etc. Opera Mobile and Platform are foundations for the next generation of mobile services enabling easy, fast and cost- effective creation of web based mobile applications

15 Opera widgets will bring applications to multiple devices Widgets will be Cross platform cross devices

16 Opera - Simply The Best Internet Experience Opera Mini vs. Opera Mobile Opera Mini can t run Web applications, but Fulfills most people s browsing needs today it displays web pages Manufacturers would like advanced applications on advanced phones Mini fills a need on those phones that are not able to run advanced applications With Mini, Mobile and Platform, Opera covers all needs of all customers Distribution and mass adoption is key

17 PC/Desktop Business Unit

18 Opera Desktop Average daily downloads doubled to 100,000 after the free version was introduced 40 million downloads in unique visitors per day on unique visitors per day on Key focus; Getting a larger part of those that download Opera to become regular users More users necessary to increase revenue

19 Home Media Business Unit

20 Increased number of opportunities in Home Media Increased interest in including browsers on all kind of devices, such as; Web pads, TVs, set-top-boxes, gaming, MP3 players, IP screen phones, etc, etc Browser solution has become a key selection criteria Opera senses a shift in browser adoption From small early movers to also include large global players

21 Opera selected for the Nintendo DS Opera s first browser for a gaming device announced Opera available on Nintendo DS Opera will be sold as a DS card Users simply insert the DS card, connect to a network, and begin browsing on two screens 13 million Nintendo DS systems have been sold in 13 months

22 Summary positioned for growth Number of Web enabled mobile phones expected to grow significantly Opera Mini expected to escalate growth of Web enabled phones Large opportunities in the home media segment with more and more devices utilizing Web technology Seek to increase desktop revenue