AGM 2019 Imint Image Intelligence AB May 13 2019 Andreas Livendahl, CEO
Business summary ▪ 2018 -> best year so far with growth of more than 82% – Three consecutive years of growth – Bottom line improvement and positive cash flow – 10 new agreements during the year ▪ 7 important wins in the beginning of 2019 – Oppo -> Video Stabilization, 3 year agreement – Current major customer -> Video Noise Reduction, 3 year agreement – Xiaomi -> Live Composer, 3 year agreement – Kyocera new customer in Japan – Undisclosed new Taiwan-based customer – Undisclosed new US-bases customer – Undisclosed new China-based customer
Business summary, cont. ▪ Worlds best stabilization for smartphones, Huawei P20 vs. Google Pixel and Iphone X (highest score ever for video stabilization for smartphones by DxO MARK) ▪ Release of next generation platform, Vidhance 3.1 ▪ New product portfolio gaining good traction. ▪ Broadening addressable market with extended MediaTek support in Vidhance. ▪ Tighter co-operation with Qualcomm & MTK ▪ Thomas Sporrong recruited as Head of Business Development in February 2019. Thomas is responsible for bringing Vidhance to new markets outside of smartphones
Selected Smartphone Customers
Market Share Smartphones 2018 25% ▪ Total shipments in 2018 = 1,4 billion 20% units ▪ Imint has contract 15% with 5 of top 10 vendors 10% ▪ And all 4 of the top players in China 5% 0% Samsung Apple Huawei Xiaomi Oppo Vivo LG Lenovo Nokia Tecno Others HMD Source; IDC and Counterpoint research
Global Smartphone Shipments by Q Million units 500 450 400 350 300 250 200 150 100 50 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 Source; IDC
Market position 2018 No of sold smartphones with Vidhance No of new customers per year 120 (accumulated numbers) 9 8 100 7 80 6 5 60 4 40 3 2 20 1 0 0 2015 2016 2017 2018 2015 2016 2017 2018 More than 110 million smartphones Solid customer base, creates good with Vidhance since end of 2016 opportunities for upsell of new features
New Structure of Product Portfolio & Offering COMPOSITION Used before the Image or Video is captured CAPTURE VIDHANCE SDK Technical improvements of Vidhance SDK contains image/video libraries, sample codes, documentation POST PROCESS VIDHANCE SERVICES Improvements of images/video Integration services and after capture support & Maintenance CONSUMPTION Improvements of experience when consuming video
Financial Summary 2018 All figures in MSEK Net Sales Profit before Tax Cash at hand 0,0 60,0 40,0 52,9 2016 2017 2018 33,9 50,0 -2,0 30,0 40,0 39,6 40,0 -3,1 -4,0 18,6 30,0 20,0 -6,0 20,0 10,0 10,0 2,3 -7,3 -8,0 -8,1 0,0 0,0 2016 2017 2018 2016 2017 2018 -10,0 Healthy cash position Continued growth Improved bottom line 1st year with positive cash flow Up 82% vs. 2017
Net Sales development All figures in MSEK 12,0 10,0 ▪ FY Sales up 82% vs. 2017. 8,0 ▪ Q4 sales up 43% vs. Q4 2017 6,0 ▪ Q4 drop vs. Q3 2018 4,0 due to volume cap as communicated in Q3 2018 report. 2,0 0,0 Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418
Strategy – > 2 Business Areas Grow current Build new sales stream sales streams Explore new market Continue to grow segments with existing Smartphone segment with technology new innovations Use current technology as a base to enter new market segments; example markets: Drones, chipsets & camera modules
Our Vision & Our Focus Areas 2019 Vision; To become the leader of video Focus Areas 2019 enhancement software products A. Enter into new markets (establish beach head) Technology: Continue to expand beyond video stabilization B. Continue to build a highly efficient software product company Markets: Continue to expand beyond smartphones C. Continued investments in Vidhance Position: Strengthen global position as SDK for better scalability industry experts D. Attract talents & bright minds by Customers: Leadership in efficient product offering a great place to work delivery and expertise
Smartphone Focus – 3 ways to grow Expand addressable market for New Vidhance Vidhance to cover all functionality to current 2 3 Smartphone models (from high customers end -> mid end -> low end) 1 Win new customer contracts
Our Approach for New Markets Industry Verticals Ecosystem of HW suppliers
MarCom & IR in 2018
MarCom & IR, cont. Ny Teknik Börshajen UNT Företagargalan EFN Spotlight Mobila Nyheter UNT Redeye Growth Day & Earnings Call x 4 Redeye Tech Day
Key Takeaways • Strong development in 2018 • Good start of 2019 - New customer acquisitions - Identifying use cases in new markets • Improved product portfolio - New structure and more functionality - Efficiency improvements through SDK • World class stabilization technology
Q & A
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