Fingerprint Cards Q Report

Transcription

1 Fingerprint Cards Q Report April 28,

2 Strong Q results Revenues Margins & profitability Highlights Revenues: MSEK 1,491 (MSEK 140), an increase of 966% y-o-y and 10% q-o-q Gross profit: MSEK 732 (MSEK 37) Gross margin: 49% (27%) EBIT: MSEK 589 (MSEK -19) Operating margin: 40% (-13%) EPS: SEK 7.12 (SEK -0.32), before dilution 26 mobile devices launched with FPC touch fingerprint sensors Strengthened competitive position in smartphones 2

3 Business update 3

4 Market development Q smartphones/devices by 12 OEMs China continue to be very strong Huawei, Xiaomi, Lenovo, Oppo and Vivo launched 13 phones with our sensors during the quarter LG G5 New phones by HTC and Sony 4

5 Continued market leadership 25% Global Smartphone Vendor Market Share %, Q % 15% 10% 5% 0% Launched phones with competitior or inhouse Has not launched phone with fingerprint sensor Launched phone with FPC sensor in devices launched by customers named above in 2016 to date * Source: Strategy Analytics April 2016, FPC 5

6 M Units Smartphone seasonality 450,0 Smartphones Quarterly Volume shipments 400,0 350,0 300,0 250,0 200,0 150,0 100,0 50,0 0,0 Q4 '14 Q1 '15 (A) Q2 '15 Q3'15 Q4'15 Q1'16 Seasonal decline in Q1 * Source: Strategy Analytics, April

7 Revenue growth from more phones # of Devices launched (accumulated) XXX XXX Revenue generated by launches in 2016 Revenue generated by launches in 2015 Q Q Q Q Q Q Schematic illustration 7

8 Volume and revenue ramp up Pre-sales/ Integration Launch support High volume Phone Launch First Shipments Quarterly Revenue (schematic) Design Win Project start First order/ Samples Q Q Q Q Q Q Schematic illustration 8

9 Extending our technology leadership Extending performance with launched sensors Anti-spoof and improved fully inhouse algorithm for industry s best security and biometric performance Vertical integration combining sensor technology, packaging, algorithm, software, leads to highest performance Fingerprint sensors under glass or ceramics FPC1245 with ceramics highly successful, used in Xiaomi Mi5 and Oppo R9/R9+ Launch of FPC1268 for mounting under cover glass - Phones being developed for launch H FPC1245 New sensors under way for entry level segment 9

10 New segments to expand the market Strong market growth in fingerprint sensors Other segments start to contribute in 2016 Other segments to add substantial value in 2017 and 2018 M Units 2000 Total addressable market Smartphone Other Source: Strategy Analytics, IHS, FPC estimates Total addressable market excludes Apple, includes all other OEMs and segments including swipe technology 10

11 Strategy for growth Other segments Automotive Industrial and medical Internet of things New Segments Existing Smart Cards Sensor adaptation Utilize scale advantages Strong growth potential Grow with the existing customer base Add new customers Extended biometry scope Trackpad Higher security More features New offerings Other sensors M&A opportunities Existing Offering New 11

12 Strategy for growth in progress Progress Q Automotive design win announced Wearables platform announced with Gemalto, ST, PB New Segments Existing Progress Q Continued cooperation with Zwipe Progress with other partners Plan for commercial launch in 2016 Grow with the existing customer base Add new customers Extended biometry scope Trackpad Higher security - Anti-spoof and improved algorithm More features New offerings Other sensors M&A opportunities Existing Offering New 12

13 Continued leadership Continued market leadership Very high share of phones launched in Q1 Very strong outlook for new phones to be launched by existing and new customers Continued technology leadership New sensors & new features Increased investments for continued leadership in smartphones and new segments 13

14 Outlook 14

15 2016 Guidance Previous 2016 Guidance (1) Updated 2016 Guidance Revenue 2016 SEK 7,000-8,500 million SEK 7,000-8,500 million Operating margin 2016 Improved operating margin compared to H Improved operating margin compared to H Average SEK/USD rate 8.50 (applied to Q1-Q4) 8.30 (applied to Q2-Q4) 1. Guidance as of 5/2/

16 2016 Q1 Financial results 16

17 Quarterly financial trends 17

18 Investing for future growth 18

19 Improved profitability Q1 Q1 Apr-Mar Apr-Mar / /15 Operating profit, SEK M 589,1-18,8 1518,2-137,5 Operating margin, % EPS, SEK 7,12-0,32 20,18-2,

20 Working capital development * *Average working capital over 5 quarters/rolling 12 months sales 20

21 Cash flow and Net cash trend 21

22 Q&A 22