10/23/2003 copyright ossur Össur hf. q3 2003. 10/23/2003 copyright ossur key ratios ytd 2003 / 2002...
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10/23/2003 Copyright Ossur
Össur hf.Q3 2003
L i f e W i t h o u t L i m i t a t i o n s
10/23/2003 Copyright Ossur
Key ratios YTD 2003 / 2002
7.4615.578
9.506
66.816
38.992
7.2699.222
11.127
61.207
36.813
5.609
-1.691-1.761-1.621
2.179
Net sales Gross Profit EBITDA Op. profit Net profit
US
D '0
00
YTD 2003 YTD 2002
Change
+ 9%
+6%
-15% -19% - 23%
10/23/2003 Copyright Ossur
Key ratios Q3 2003 / 2002
2.9422.266
3.658
22.398
12.722
3.6504.691
5.395
21.391
13.087
1.007
-1.384-1.749-1.737
-365
Net sales Gross Profit EBITDA Op. profit Net profit
US
D '0
00
Q3 2003 Q3 2002
Change
+ 5%
-3%
-32% -37% -38%
10/23/2003 Copyright Ossur
Key ratios Q3 2001 - 2003
2.9422.266
3.658
22.398
12.722
3.6504.691
5.395
21.391
13.087
18.108
2.501
3.7954.290
12.442
Net sales Gross Profit EBITDA Op. profit Net profit
US
D '0
00
Q3 2003 Q3 2002
Q3 2001
10/23/2003 Copyright Ossur
Net sales 2001-2003
18,6
21,2 21,420,1
21,722,7 22,4
16,818,1
17,1
Q12001
Q22001
Q32001
Q42001
Q12002
Q22002
Q32002
Q42002
Q12003
Q22003
Q32003
US
D M
illio
ns
16,3
10/23/2003 Copyright Ossur
Sales by markets
North America47%
Europe27%
Nordic14%
Other international
markets7%
Domestic2%Mauch
3%
YTD 2003
North America53%
Europe21%
Nordic12%
Other international
markets7%
Domestic2%Mauch
5%
YTD 2002
10/23/2003 Copyright Ossur
Sales YTD by markets
3.082
956
9.181
17.726
31.427
4.916
2.3911.141 34
5.030
7.616
12.192
32.331
Össur NorthAmerica, Inc.
Össur EuropeB.V.
Össur Nordic,AB
Otherinternational
markets
Mauch, Inc. Domestic Linea
US
D '0
00 YTD 2003
YTD 2002
- 3%
+21%
+45%
- 22%-2% +19%
10/23/2003 Copyright Ossur
Sales Q3 by markets
1.088
443
2.920
6.085
10.351
1.782
859
367 34
1.792
2.594
4.384
11.090
Össur NorthAmerica, Inc.
Össur EuropeB.V.
Össur Nordic,AB
Otherinternational
markets
Mauch, Inc. Domestic Linea
US
D '0
00 Q3 2003
Q3 2002
- 7%
+13%
+39%
- 21%-1% -17%
10/23/2003 Copyright Ossur
EBITDA by Q 2001-2003
2,1
3,6
5,4
3,2
2,6
3,2
3,73,9
4,2
2,5
Q12001
Q22001
Q32001
Q42001
Q12002
Q22002
Q32002
Q42002
Q12003
Q22003
Q32003
US
D M
illio
ns
2,2
10/23/2003 Copyright Ossur
EBITDA ratio
17%
25%
16%
18%
10%11%
16%
11%
19%
23%
14%15%
24%
Q12001
Q22001
Q32001
Q42001
2001 Q12002
Q22002
Q32002
Q42002
2002 Q12003
Q22003
Q32003
% o
f s
ale
s
10/23/2003 Copyright Ossur
Key ratios YTD 2001-2003
42%
37% 37%
8% 9% 10%
18% 18%
14%
11% 12%
8%
58%60%
63%
YTD 2001 YTD 2002 YTD 2003
% o
f sa
les
Gross profit
GS&M
R&D
EBITDA
Net profit
10/23/2003 Copyright Ossur
Key ratios Q3 2001-2003
41%
32%35%
6%8% 9%
24% 25%
16%14%
17%
10%
57%
61%
68%
Q3 2001 Q3 2002 Q3 2003
% o
f sa
les
Gross profit
GS&M
R&D
EBITDA
Net profit
10/23/2003 Copyright Ossur
S&M 2001-2003
23%
18%
20%21%
23%22%
18%
23%
19%
21%20%
19%
15%
Q12001
Q22001
Q32001
Q42001
2001 Q12002
Q22002
Q32002
Q42002
2002 Q12003
Q22003
Q32003
% o
f s
ale
s
10/23/2003 Copyright Ossur
R&D 2001-2003
7%
8%
9% 9%
10%
11%
9%
11%
7%7%7%
9%
6%
Q12001
Q22001
Q32001
Q42001
2001 Q12002
Q22002
Q32002
Q42002
2002 Q12003
Q22003
Q32003
% o
f s
ale
s
10/23/2003 Copyright Ossur
G&A 2001-2003
16%15%
17%16% 16% 16%
17%
26%
20%
24%
16%
22%
19%
Q12001
Q22001
Q32001
Q42001
2001 Q12002
Q22002
Q32002
Q42002
2002 Q12003
Q22003
Q32003
% o
f sale
s
10/23/2003 Copyright Ossur
Balance sheet 30. Sept 2003
65.712
46.900
36.019
38.791 16.040
Assets
Liabilities & Equity
US
D
'00
0
Equity
Fixed
46%
65% 35%
Current
Long term Short term
38% 16%
10/23/2003 Copyright Ossur
A/R 30. Sept 2001-2003
11.449
14.288
14.014
Consolidated
USD '000
09/30/2003
09/30/2002
09/30/2001
- 2%
+ 25%
10/23/2003 Copyright Ossur
Inventories 30. Sept 2001-2003
7.346
12.136
10.593
Consolidated
USD '000
09/30/200309/30/200209/30/2001
+65%
- 13%
10/23/2003 Copyright Ossur
Thank you !