Investor Presentation July, 2020 We bring stability to a world in motion
Disclaimer This presentation is a general marketing presentation giving an overview of KebNi AB (publ) and the market trends. It does not constitute any form of commitment and the content is only guiding. Information on market trends has been based on limited information from third parties believed to be reliable but is not necessarily complete and accurate and has not been independently verified by KebNi. KebNi does not guarantee the accuracy, adequacy or completeness of this presentation, and KebNi shall have no liability for any errors or omissions herein. KebNi makes no representation, warranty or undertaking, express or implied, with respect to, or accept any liability or responsibility for, and hereby expressly disclaims liability for the accuracy, adequacy or completeness of the presentation or as to the result to be obtained by the receiver or effects and outcome of any structure, any financial statements or any data or information included herein. The information contained herein is not intended as a recommendation to enter into any transaction and does not constitute legal, tax or accounting advice or opinion and shall not constitute any assurance or guarantee as to the expected results of any transaction. The recipient shall make its own independent considerations and decisions whether to enter into any transaction and as to whether any transaction is appropriate or proper for it based upon its own judgment. The recipient shall make its own evaluations, calculations and appraisals of the financial structure and financial outcome, credit analysis or any other evaluations (including, but not limited to, any legal, tax or accounting considerations). For financial reports and data, please see the regulatory disclosures made by KebNi on its webpage.
Strategy Company Investing in and developing Satellite Antenna Systems since 2008 reliable technologies for safety, precision and stabilization Satellite Antenna Systems Inertial Measurement since 2004 Units since 2005
Focus Company Active in Satellite Satellite Antenna Systems since 2008 Communication and Precision Inertial Sensors Satellite Antenna Systems Inertial Measurement since 2004 Units since 2005
Global Markets Company Operating in growing Satellite Antenna Systems since 2008 global markets with solutions for both commercial & government use Satellite Antenna Systems Inertial Measurement since 2004 Units since 2005
About Company Three business areas today Satellite Antenna Systems since 2008 Four distinct product portfolios Head Quartered Stockholm , Sweden Offices Stockholm, Karlskoga & Kalix Publicly listed in Sweden (Since 2014 on NGM) 48 MSEK Revenue (Trailing 12 Months incl. Q1 2020) Satellite Antenna Systems Inertial Measurement since 2004 Units since 2005
Vision Company By 2025 , we have created a Satellite Antenna Systems since 2008 new important Nordic company within satellite communication and technologies for stabilization and movement Satellite Antenna Systems Inertial Measurement since 2004 Units since 2005
Company Mission We are building a platform Satellite Antenna Systems since 2008 of skills, products and solutions to create sustainable business success and increased shareholder value Satellite Antenna Systems Inertial Measurement since 2004 Units since 2005
The company provides stabilized antenna systems for satellite communication based on unique and proprietary technology
Maritime since 2008 Reliable satellite Our core excellence communication in the hardest environments P9 Platform 4-axis technology Fast Robust Proven technology Meets military specs Modular Customizable
Antennas for Communication on the Move and Communication on the Pause
Acquisition April 2020 Advancing the New growth market Communication on Platform for maintaining high-speed satellite connection while moving on land In April 2020, the company acquired the technology to the Move for Land deliver reliable high-speed communication while moving over land. Comms on the Move (COTM) for land is expected to be a high growth market and “ Northern Skies Research” predicts a $1.0BN market with a 29% CAGR from 2020 to 2027
Acquisition May 2020 Satmission since 2004 Solutions for live broadcast High-end Comms on the Pause solution for broadcast excellence and government use In May 2020, the company acquired the company excellence and Satmission, with base in Kalix, Sweden . Satmission has been delivering high-end solutions for military and broadcast usage since 2004, and complements the company’s product government use offering to the market. There several synergies within the SatCom portfolio A Swedish company and a trusted global supplier of Live Broadcast & Satellite Communication products and services. Established 2004
Geo Stationary Satellites Acquisition May 2020 GEO, LEO & MEO 35,800 km directly over the equator Low Orbit Satellites 700 km to 1,500 km from the Earth Satellite Basics GEO (GSO) - 35,800 km directly over the equator LEO (NGSO) - 700 km to 1,500 km from the Earth MEO (NGSO) - 10,000km from the Earth
Applications & Market Market CAGR of 13% Addressable Market Trends estimated to $5BN+ More applications will go “on the move”, increasing need for technology to enable satellite total over 10 years communication while vehicles are moving, be it at sea, in the air or on land Source: Northern skies Growing market in Earth Observation via satellites, creating an ongoing demand for Research 2019 solutions enabling download and distribution of data Low Orbit Satellites constellations are in the process of being launched, enabling high- speed and low latency data connection with satellite. LEO could be the satellite industry’s answer to 5G Low Orbit Satellites (LEO) Land on the Move Earth Observation Marine on the Move Stabilized satellite antennas for Stabilized satellites antennas Stabilization of satellite antennas Stabilization of satellite antennas low orbit satellite on land vehicles, airplanes and with satellite tracking and on ships. Main focus today on constellation, requiring unmanned aerial vehicles download capability high-end needs and military use tracking and high-speed (UAV’s) capability Today Evolution Evolution Today! June 2019
State of the art technology for commercial applications
Overview Adapting state of Designs, develops and manufactures inertial sensor systems (IMU) the art military Adapted and optimised for each customer application technology to KebNi Inertial Sensing was founded in 2005 in Karlskoga, commercial Sweden applications Our Technology KebNi Inertial Sensing develops and manufacture high end (high accuracy) IMU GPS solutions and related INS, accelerometer, gyroscope and navigation products in a three dimensional world Accelerometer Gyroscope INS IMU
Applications Marine Other Stabilization of boats. Industry Adjustments of light beams Examples Agriculture Helicopters & other aviation Oil-drilling heads Spacecrafts & rockets Mining equipment & vehicles Defence transport Self-driving vehicles Optical system stabilization Satcom antennas UAVs And many more industries…. Transport Motor Shock absorber feedback and curve stability Measuring movement and direction as an extra safety for high speed trains
Applications & Market Market CAGR of 6% Addressable Market Trends estimated to A global trend towards more self-operating systems and self-driving vehicles are driving an $700M annually increase in demand for sensors and solutions providing information about acceleration, movement and location The information needs to be accurate and real-time to provide satisfactory precision of operation and safety Source: Yole Developoppement 2017 Use case example: there is a trend towards all tractors having an IMU installed from the factory, instead of only doing an after market installation upon demand. This is much like the evolution of GPS systems in cars Transport Other Industry Examples Marine Motor Measuring movement and Agriculture Stabilization of boats. Shock absorber feedback and direction as an extra safety for Oil-drilling heads Adjustments of light beams curve stability high speed trains Mining equipment & vehicles Self-driving vehicles Satcom antennas Helicopters & other aviation Spacecrafts & rockets Defence transport Optical system stabilization UAVs And many more industries….
Turning point in 2019
Revenue & EBITDA 2019 has been a turning point 40 for KebNi 20 Proof of product – demanding customer MSEK 0 Order for 60 MSEK received 2013 2014 2015 2016 2017 2018 2019 -20 Volume delivery IMU development order received from -40 SAAB Dynamics defence customer Revenue EBITDA Revenue growth 2018 to 2019 Positive Trends in 2019 Received orders for approx. 60 MSEK from one customer for Maritime Antennas 6.8 MSEK to 34.8 MSEK Proof of product and system quality and functionality through order from demanding customer in Israel 12 months trailing (TTM) Revenue Production of Maritime Antenna Systems ramped up and in delivery 34.8 MSEK IMU development order received from SAAB Dynamics 2019 revenue at 34.8 MSEK versus 6.8 MSEK in 2018 First time Q3 + Q4 2019 is EBITDA positive for the first time in the companies history EBITDA Positive Q3+Q4
Good start for 2020
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