Cybercom Group: Q1 Report 2010


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Cybercom Q1 report

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Cybercom Group: Q1 Report 2010

  1. 1. 2010-04-21<br />Q1-report<br />1<br />
  2. 2. <ul><li>Restructuring costs of 18 MSEK
  3. 3. Negative currency effect vs. 2009 in Finland, sales -13.9 MSEK and EBITDA -1.8 MSEK
  4. 4. Planned write-off 3.2 MSEK per quarter (trade mark and customer relationships)
  5. 5. Re-financing of debt package</li></ul>Q1 2010<br />2010-04-21<br />Q1-report<br />2<br />
  6. 6. Positive signs in a market that slowly leaves recession behind<br />IT investments 2010 + 1,4% in Sweden (Radar Group)<br />Outsourcing on the agenda<br />Cybercom increases utilisation in the Nordic capitals<br />Stockholm<br />Helsinki<br />Copenhagen<br />Turbulent market in Malmoe-Lund<br />Global sourcing capabilities mandatory in private sector frame agreements – beneficial to Cybercom<br />Cybercom grows internationally <br />45% of consultants outside Sweden<br />38% growth in Romania – main nearshore hub<br />Chinese local customers<br />Project pending phase in Cybercom’s Southeast Asia operation after successful deliveries to leading operators<br />Limited opportunities for prices increases yet generally speaking but high hourly rates in Secure assignments<br />Market & trends in Q1<br />2010-04-21<br />Q1-report<br />3<br />
  7. 7. New Global Sourcing AM deal with Wireless Maingate<br />Assignment for China Mobile increasing<br />Strategic partner to develop content and music apps to the global leading mobile manufacturer<br />Assignment regarding the largest IT-Forensic investigation in Europe in Q1<br />TeliaSonera frame agreement won in March with 40% cut in old supplier base<br />Cybercom elected in the M2M advisory board for Telia<br />New customers include Autoliv, Bre Bank, Payson, Östersunds kommun<br />Business highlights<br />2010-04-21<br />Q1-report<br />4<br />
  8. 8. The ten largest customers make up 56% of sales<br />Increased sales in Industry<br />Automotive<br /><ul><li>Volvo Bus and Volvo Trucks
  9. 9. IAC Group</li></ul>Finnish industry sector<br />More than 10 new frame agreements signed in Q1 <br />Sony Ericsson<br />TeliaSonera <br />PKT- Säätiö<br />64% sales from frame agreement<br />Sales per sector<br />2010-04-21<br />Q1-report<br />5<br />
  10. 10. Mobile Apps is the thing<br />2010-04-21<br />Q1-report<br />6<br />“Trafikinfo”, Traffic information<br />provides fast and easy information <br />about the current traffic situation for <br />Sweden. Use it before you hit the road.<br />
  11. 11. Bank-ID for mobile devices<br />2010-04-21<br />7<br /><ul><li>Finansiell IT-Teknik BID owns and administers Swedish Bank-ID technology
  12. 12. Cybercom developed their solution for mobile use, based on international mobile security standards, to connect all parties
  13. 13. Operators
  14. 14. Banks
  15. 15. Bank ID
  16. 16. Content providers
  17. 17. Mobile ID on test among Swedish banks
  18. 18. Cybercom’s solution is used on the international arena, delivered to 2 operators in India and 1 in Serbia</li></ul>Q1-report<br />
  19. 19. Local presence - Global reach<br />8<br />Q1-report<br />2010-04-21<br />
  20. 20. Re-allocation of profits to the Nordics due to adjusted transfer pricing policy.<br />Q1 per segment<br />2010-04-21<br />Q1-report<br />9<br />
  21. 21. EBITDA, rolling 12 months<br />2010-04-21<br />Q1-report<br />10<br />
  22. 22. Cybercom has re-financed its long-term debt package in April<br />The reason for the re-financing was a more benign financial market, that created an opportunity for a better financing agreement. Cybercom has continued to meet its covenants according to plan<br />The new agreement is considerably better suited to Cybercom’s business and expansion strategy<br />Cybercom’s capital structure will improve through the re-payment of 50 MSEK of cash, and the introduction of an equally large new Revolving Credit Facility<br />By early May, total outstanding debt will be approximately EUR 24<br />Re-financing of debt package<br />2010-04-21<br />Q1-report<br />11<br />
  23. 23. Debt situation<br />2010-04-21<br />Q1-report<br />12<br /><ul><li>With a continued strong operating cash flow, Cybercom is amortizing the bank loans at a considerable pace
  24. 24. By mid-May, the Group’s total loan will be approximately 24 MEUR</li></li></ul><li>New Cybercom corporate credit card contributes to Barncancerfonden<br />A total of 0.4% of all charges made to a Cybercom credit card will go to childhood cancer research<br />A financially advantageous deal with Eurocard<br />It contributes to Cybercom’s external image as well as internal culture<br />New corporate card agreement<br />2010-04-21<br />Q1-report<br />13<br />
  25. 25. Events Q1 2010<br />GSMA Mobile World Congress Barcelona, Spanien<br />Webbdagarna, arrangerat av Internet World<br />Stockholm, Sverige<br />Industry Forum Machinery Vanajanlinna, Finland<br />Open Source seminarium med IT-universitetet i GöteborgHuskvarna, Sverige<br />CTIA Wireless show Las Vegas, USA<br />Så skapar du en framgångsrik webbstrategi, ett frukostseminarium <br />Stockholm, Sverige<br />Mobile Megatrends 2010Malmö, Sverige<br />IT-Brottslighet frukostseminarium<br />Stockholm, Sverige<br />Explore your future, test-seminarium med James BachLund, Sverige<br />2010-04-21<br />Q1-report<br />14<br />
  26. 26. Strong focus on profitability and cash flow<br />Geared for growth in Nordic capitals,India and China<br />Optimize Group structure<br />Leverage from our core offerings and a specialized, scalable global delivery organization<br />Increase brand visibility for customers, present and future employees <br />The simple way forward<br />2010-04-21<br />Q1-report<br />15<br />
  27. 27. 2010-04-21<br />Q1-report<br />16<br />